CloseGain/LossGold $1345.70+$8.90Silver$17.33+$0.22XAU87.66+1.27%HUI196.44+1.24%GDM663.10+1.04%JSE Gold1245.08+5.68USD89.10-0.13Euro124.13+0.16Yen91.70-0.27Oil$64.73+$0.2310-Year2.720%-0.004T-Bond147.78125+0.40625Dow26149.39+0.28%Nasdaq7411.48+0.12%S&P2823.81+0.05% The Metals: Gold gained $8.30 to $1345.10 by midmorning in New York before it dropped back to $1334.10 after this afternoon's...Read More
By Ira EpsteinGold holds key support at 18-Day Moving Average of Closes.https://www.iraepstein.com/ Read More
Domestic prices for cold-rolled coil (CRC) increased in the European Union this week, in line with a general upturn in sentiment in the region, sources told Metal Bulletin.Domestic prices for cold-rolled coil (CRC) increased in the European Union this week, in line with a general upturn in sentiment in the region, sources told Metal Bulletin.Prices for domestic hot-rolled coil (HRC) have incr...Read More
TOPICS IN THIS INTERVIEW:01:50 Is this Gold's big breakout?06:40 Bitcoin's dominance against speculative digital assets14:20 Money attracting talent and innovation17:15 Digital tokens for the stock market 2.020:10 Outlook for Bitcoin and the Blockchain spaceAndrew ("Andy") Hoffman, CFA joined Miles Franklin, one of America's oldest, largest bullion dealers, in October 2011 and serves as Marketing...Read More
By Dave KranzlerSometimes I wonder if the Fed is just toying with the financial media and economic analysts. The Fed's constant threat to raise rates and unwind its balance sheet seems to be taken seriously by most commentators. Even the few analysts I respect, like David Stockman, include the assumption the Fed will reduce its balance sheet by a few hundred billion per year.And yet, nearl...Read More
High prices for steel slabs from the CIS region and Brazil are unlikely to cause further price increases in the Turkish coil and Italian heavy plate markets, according to market sources.The increase in slab costs was supported by reduced availability of the material, and has already been reflected in finished steel product prices in two main outlet markets - Turkey and the European Union. Further...Read More
We come to a point in every boom where you know it's time to exit the merry-go-round. That's when people start saying this time is different. Looks like we're getting there now. Euphoria seems to be breaking out all over the place. But it can't and won't last. This time is going to be much much worse!Portfolio Manager, attorney, finance author, a regular guest on North American media. Danielle Par...Read More
By Frank HolmesIt's been called a number of things: The sharing economy, or "shareconomy." Peer-to-peer economy. Collaborative consumption. What all of these terms have in common is the idea of decentralization and blockchain applications, including bitcoin and other cryptocurrencies, are just the latest in a trend toward this new economic paradigm.If it's unclear what decentralization means, co...Read More
How did President Trump do last night? Lots of appeal to emotion. Lots of people to point to in the balcony to illustrate his points. But what about the meat of the speech underneath the decoration? Infrastructure spending? More militarism and military spending? Nukes?Dr. Ron Paul is a physician and former twelve-term congressman from Texas who ran for president in 2008. He is the author of eight...Read More
Earnings at ArcelorMittal's Brazilian division rose by 59.9% year-on-year in the fourth quarter of 2017, due to increased volumes and prices.Earnings before interest, taxes, depreciation and amortization (Ebitda) totaled $341 million in the October-December period, up from $213 million a year before, ArcelorMittal announced on Wednesday January 31.The company shipped 3.05 million tonnes of steel p...Read More
Dear Friend of GATA and Gold:Metals market analyst Lawrie Williams, writing yesterday for London bullion dealer Sharps Pixley, notes that manipulation of the monetary metals markets by big banks is becoming more evident, what with the U.S. Commodity Futures Trading Commission imposing fines this week on three European banks and the U.S. Justice Department bringing criminal charges against eight...Read More
By Rory HallWe firmly believe, and have stated a number of times, that gold and silver are the only assets that have the fortitude to stand up to governments and banks. These two assets, throughout history, have over and over and over again helped the people to gain wealth, to prosper and to truly innovate new technologies. What has happened over the past 100+ years is our wealth, innovation and...Read More
Mills and stockholders are taking differing approaches to the domestic European beam markets in light of a fresh price rise for the material, sources told Metal Bulletin on Wednesday January 31.Prices for domestic steel beams narrowed upward in Northern Europe this week, with the market continuing to be supported by the strong demand seen since last year.But some sources felt that stockholders who...Read More
By Craig HemkeAfter gaining nearly 14% in 2017 and posting its best annual gain since 2010, COMEX gold looks poised to move higher this year and finally break out in its renewed bull market. A number of factors have played a role in gold's rise from the bear market lows of December 2015. Among these are: o a generally falling USDJPY and Dollar Index o continually low global interest rates o lack...Read More
Libertarians want to shrink the government, but a shutdown is little cause for celebration. Hitting a giant "pause" buttonContinue...Read More
By Avi GilburtThere is no real secret to the market. In fact, it is rather simple. But, that does not mean the specific smaller degree moves in the market will be just as simple.You see, markets are no different wherever you look. Whether that be metals, equities, Forex, crypto-currencies, etc, they all react in the exact same way. Markets simply move from one extreme to another. And, we need to...Read More
Export prices for Southern European rebar have gone unchanged week-on-week amid continued low market activity, sources told Metal Bulletin on Wednesday January 31.Metal Bulletin's weekly export price assessment for Southern European rebar was ?,?490-505 ($607-626) per tonne fob main ports on Wednesday."There is little activity but we cannot rush into the market and drop prices immediately. The bes...Read More
"Tonight, President Trump said the word 'America' more than 80 times in his speech. Yet, after a divisive first year, we hear and feel how exclusionary that 'America' is, with"Continue...Read More
Towards the end of financial bubbles, people who previously paid little attention to things like "quality" start trying to figure out what they actually own. The result is either funny or terrifying, depending on the point of view. This time around bonds are (finally) getting a closer look. From today's Wall Street Journal:Decade of Easy Cash Turns Bond Market Upside DownDebt deals set records f...Read More