In today's Special Crypto Audioblog, Andy Hoffman, for 15 years one of the global Precious Metal community's leading commentators, announces why he followed his decision this summer to sell his silver (and leave the bullion business to start CryptoGoldCentral.com), by selling the remainder of his gold today.Andrew ("Andy") Hoffman owns a subscription-based website, CryptoGoldCentral.com, which off...Read More
China's domestic hot-rolled coil prices stabilized on Thursday February 8 amid weak trading interest on both sides of the market, which has resulted in a slight increase in inventory levels ahead of the Chinese New Year.DomesticEastern China (Shanghai): 4,110-4,130 yuan ($656-659) per tonne, unchangedNorthern China (Tianjin): 4,000-4,030 yuan per tonne, unchangedDomestic prices held steady amid sp...Read More
By Rory HallThe other thing with gold, which is what I've said for many times, China and Russia have infinitely more gold than people realize. Russia has around 40,000 tons of gold, China is not quiet as much but is not far behind. That's the reality. They've been building enormous gold reserves for years. Why? Because they are building for a future.If people think that gold and silver have no r...Read More
Paul Craig Roberts is an American economist and a columnist for Creators Syndicate. He served as an Assistant Secretary of the Treasury in the Reagan Administration and was noted as a co-founder of Reaganomics. Dr. Roberts is a former editor and columnist for theA Wall Street Journal, Business Week, and Scripps Howard News Service. He has testified before congressional committees on 30 occasions o...Read More
"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning" - Henry Ford"The regional Federal Reserve banks are not government agencies. ...but are independent, privately owned and locally controlled corporations." Lewis vs. United States, 680 F. 2d 1239 9th Circuit 1982"We hav...Read More
Import rebar prices in the United States have edged higher since mid-January, but domestic prices are flat from three weeks ago while supply appears tight following an accepted $40-per-ton increase, market participants said.American Metal Market's assessment for import rebar cfr Houston narrowed up to $572-576 per ton from $562-576 per ton on January 17. Meanwhile, the fob mill asse...Read More
Despite the title, I don't want this post to be all about Donald Trump. The truth of the matter is all politicians love superficial patriotism. It's why Continue...Read More
By Steve St. AngeloWhile U.S. oil production reached a new peak of 10.25 million barrels per day, the higher it goes, the more breathtaking will be the inevitable collapse. Thus, as the mainstream media touts the glorious new record in U.S. production that has both surpassed its previous peak in 1970 and Saudi Arabia's current oil production, it's a bittersweet victory.Why? There are two cri...Read More
Turkish domestic rebar and wire rod prices have gone up over the past week, amid increasing scrap prices, sources said on Thursday February 8.Metal Bulletin's weekly price assessment for domestic rebar in Turkey was $570-575 per tonne ex-works, up from the $550-565 per tonne of last week."The rebar prices are increasing due to rising scrap import values. It seems the market will...Read More
– China gold production falls by 9% to 420.5t in 2017– Chinese gold demand rose 4% to 953.3t in same period– China is largest producer and accounts for 15% of global gold production– China does not export gold. Increasing foreign gold acquisitions to meet demand– Global gold production flat – 3,269t in ’17 from 3,263t in ’16, smallest incre...Read More
A source code for a key component of the iPhone's operating system was released onlineContinue...Read More
- China gold production falls by 9% to 420.5t in 2017- Chinese gold demand rose 4% to 953.3t in same period- China is largest producer and accounts for 15% of global gold production- China does not export gold. Increasing foreign gold acquisitions to meet demand- Global gold production flat - 3,269t in '17 from 3,263t in '16, smallest increase since '08- Peak Gold is here: supply set to fall...Read More
Turkish rebar and wire rod export prices have advanced over the past week on strengthening demand, sources told Metal Bulletin on Thursday February 8.A number of Turkish steel mills were heard selling rebar to North America, the EU, Asia and Africa this week.The rebar sales into the United States and Canada were done at $625-630 per tonne cfr theoretical weight, equivalent to around $550-560 per t...Read More
Long ago in a distant galaxy called "2017," stock prices rose every day. And the people were happy. With paper profits in hand they maxed out their credit cards andContinue...Read More
The U.S. dollar appears to be finding a floor at $0.885 after six weeks of sharp declines. What does that mean to commodity prices?The "Big dollar" slid almost six percent since mid-December aiding many commodity prices to stage a strong rally.Gold bounced up 8.4 percent, silver soared 10 percent and WTI roar upward by 15 percent. However, all of that "natural resource" joy cam...Read More
The bond market has done the Fed's job for it.The reality is that the Fed is way behind the curve. True, the Fed is raising rates, but it is not raising them fast enough. The market was CLEARLY in a parabolic rise based on the fact financial conditions were too loose.So what happened?US Treasury bonds began to collapse, pushing yields higher, which in turn forced a re-pricing of risk assets (read:...Read More
Continue...Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. He presents a weekly show about finance and markets on London's Resonance FM, and writes for The Huffington Post. Keiser invented "Virtual Specialist Technology," a software system used by the Hollywood Stock Exchange. Prior to inventing this technology, he worked on Wall S...Read More
CIS export pig iron prices were mostly stable in the week ended Thursday February 8 while the market waited for clearer trends to emerge in raw materials, scrap in particular.Metal Bulletin's export price assessment for high-manganese pig iron from the CIS region was $350-375 per tonne fob Black Sea on February 8, unchanged week on week.A cargo of Russian material was heard sold to the United Stat...Read More
Before we look at tonight's chart I would like to reiterate once more that we have traded one of the best bull markets runs in history. There was hardly a time over the last year or so that the stock markets were down more than 2 or 3 days in a row. It seemed like every day I would log on to Stock Charts in the morning the SPX would always be up 3 to 5 points. It was just a steady move higher with...Read More
The bond market has done the Fed's job for it.The reality is that the Fed is way behind the curve. True, the Fed is raising rates, but it is not raising them fast enough. The market was CLEARLY in a parabolic rise based on the fact financial conditions were too loose.So what happened?US Treasury bonds began to collapse, pushing yields higher, which in turn forced a re-pricing of risk assets (read:...Read More