CloseGain/LossGold $1317.20+$1.90Silver$16.38+$0.05XAU79.86-0.85%HUI178.39-0.81%GDM606.47-0.63%JSE Gold1142.47-32.32USD90.33-0.02Euro122.47-0.24Yen91.95+0.57Oil$61.15-$0.6410-Year2.829%-0.012T-Bond144.25-0.375Dow23860.46-4.15%Nasdaq6777.16-3.90%S&P2581.00-3.75% The Metals: Gold dropped $8 to $1307.30 in London before it bounced back to $1316.90 at about 9:30AM EST and then fell back to $13...Read More

In the first half of 2017, the GDXJ (VanEck Junior Gold Miners ETF) went through an EPIC rebalancing for junior gold mining stocks, that created a once in a few years opportunity. There was a huge tsunami of capital that flowed into the GDXJ, causing the GDXJ to push up really close to the 20% ownership its Canadian listed gold stocks. We are nearing the 1-year anniversary since the epic rebalanci...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

By Ira EpsteinBreak in stock indices supports gold.https://www.iraepstein.com/ Read More

ArcelorMittal Mexico is to build a 2.5 million tonne per year capacity hot strip mill and a 650,000 tpy hot skin pass mill at its L??zaro C??rdenas site in Michoac??n, Southern Mexico.Both mills are planned to start up in 2020."This [project] will enable ArcelorMittal L??zaro C??rdenas to process the slabs produced in its works on site," equipment provider Primetals Technologies said on...Read More

Full Article/Video: Gold Will Be Overnight Success, 30 Years In MakingBy: Vince LanciGold has been "benignly ignored" during the recent equities selloff, according to one veteran trader. "Gold is being purely a proxy for the dollar, which is commanding more demand by people in a panic," Vince Lanci, founder of Echobay Partners, told Kitco News.According to the trader, the yellow metal will likely...Read More

Continue...David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David is the founder of David Stockman's Contra Corner, and he is the author of The Great Deformation: The Corruption of Capitalism...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 g...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

By Cecilia Jamasmie Processing facilities, which have the capacity to handle 5,000 tonnes of ore daily over five years. (Image courtesy of Northern Vertex Mining.) Shares in Canada's Northern Vertex Mining (TSX-V: NEE) were up Wednesday after the miner said is closer than ever to pour first gold at its Moss mine, in northwestern Arizona.The Vancouver-based company said that roughly 7,800 tonnes...Read More

"The Fidelity Active Trader Platform finally loaded after 80 minutes of trying. I put in 4 orders, but nothing. No indication of orders received, no indication of an execution. Continue...Read More

The Turkish steel mills returned to the deep-sea scrap market for a number of cargoes with prices going up on Thursday February 8.Steel producers in the country booked at least four deep-sea cargoes, totaling 137,000 tonnes, late on February 7.A steel mill in the Iskenderun region booked a US cargo, comprising 23,000 tonnes of HMS 1&2 (80:20) at $349.50 per tonne, 20,000 tonnes of shredded at $354...Read More

TSX Venture Symbol: COROTCQB Symbol: CAMZF Frankfurt : XC01VANCOUVER , Feb. 8, 2018 /CNW/ - Camino Minerals Corporation ("Camino" or the "Company") (COR:TSX-V) is pleased to report soluble copper results for diamond drill holes DCH-001 through DCH-040 which were completed as part of the 2017 drill program on the Adriana Zone ("Adriana") and the Katty Zone ("Katty") at its Los Chapitos Project ("...Read More

George Soros is backing a campaign to overturn Brexit, according to the Telegraph.Continue...Read More

By RambusBefore 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 everyday 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 h...Read More

ArcelorMittal Mexico is to build a 2.5 million tonne per year capacity hot strip mill and a 650,000 tpy hot skin pass mill at its L??zaro C??rdenas site in Michoac??n, Southern Mexico.Both mills are planned to start up in 2020."This [project] will enable ArcelorMittal L??zaro C??rdenas to process the slabs produced in its works on site," equipment provider Primetals Technologies said on...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

Turkish imported billet prices have gone down slightly over the past week, while domestic and export prices remained stable, sources said on Thursday February 8.The Turkish customers slowed their demand for CIS-origin billet after booking a few cargoes at $505 per tonne cfr.The CIS suppliers then reduced their...Read More

After the recent big couple days down in the US markets there is a possibility that the gold to US stocks ratio is turning. Jordan Roy-Byrne and I look at both gold and US stocks and the drivers for each throughout this year. For a long-term investor if this ratio was to revert in favor of gold this would be a crucial turning point.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