This might seem a frivolous question, while the dollar still retains its might, and is universally accepted in preference to other, less Continue...Read More

The seaborne iron ore market reported higher prices on Thursday January 4 despite a big drop in spot rebar prices in east China.Key driversChina's steel markets continued to soften during the day with spot rebar prices in the eastern region tumbling 170-180 yuan ($26-28) per tonne as bad weather dampened downstream demand.The benchmark iron ore futures contract picked up in the afternoon after dec...Read More

Property values are starting to crash hard in Sydney Australia, New Zealand, and London. Politicians are simply idiots. They all targeted foreigners buying Continue...Read More

Turkish domestic and export billet prices have increased slightly in line with costlier imported scrap, while billet import prices were unchanged over the past week, sources said on Thursday January 4.Metal Bulletin's weekly price assessment for domestic billet on Thursday was $545-550 per tonne ex-works, up from the $540-545 per tonne of last week.However, the...Read More

The gold:oil ratio has been trending in favor of oil for a number of months. I look for this trend to reverse soon in favor of gold. Like our new Facebook page to stay current on all things Smart Money TrackerGary SavageThe Smart Money TrackerGary Savage authors the Smart Money Tracker anddaily financial newsletter tracking the stock & commodity markets withspecial emphasis on the precious met...Read More

"The president was elected because of his ambitious agenda and his desire to get a lot of things done."Continue...Read More

"We're at a major crossroads when it comes to trade policy in this country, and I think you need to seriously consider the protectionist course of Continue...Read More

Egypt's import billet and domestic rebar markets were slow in the week ended Thursday January 4, after the new year break."The market is so quiet [because of] the holiday season," a trader told Metal Bulletin on Thursday January 4.Now buyers expect local rebar prices to increase, another market participant said.They have...Read More

Less than a day after President Trump slammed Pakistan on Twitter for failure to combat terrorism, stating, "It's not only Pakistan that we pay Continue...Read More

– Palladium prices surge to new record high over $1,100/oz today– Palladium surges past record nominal price seen in 2001 after 55% surge in 2017– Best-performing precious metal and commodity of 2017 is palladium– Palladium prices top platinum prices for first time in 16 years – Strong Chinese car demand and switch from diesel to petrol cars sees demand surge &nd...Read More

Trade protection measures in the Middle East could support local steel producers' attempts to capture much of the increased regional steel demand expected in 2018. Gulf Co-operation Council (GCC) nations are due to make a final decision by the second quarter of this year on whether to impose anti-dumping duties on Chinese non-welded oil country tubular goods (OCTG) made of iron or steel with a rad...Read More

If you want to find real, accurate information on inflation, you need to ignore what the Fed says and focus on what's happening for real businesses.The Fed will never give an accurate portrayal of inflation because doing so would reveal that:1) The Fed has been lying about inflation levels for decades.2) The Fed did this to "paper over" declining living standards in the US (using cheap d...Read More

Tonight I would like to start out by looking at the $CDNX, Canadian Venture Composite Index, which blasted higher last week and is following through this week. The reason this index is so important is because it not only has many junior precious metals stocks, but also many small cap energy related stocks as well as other speculative venture capital stocks from other sectors. This is a very good s...Read More

If you want to find real, accurate information on inflation, you need to ignore what the Fed says and focus on what's happening for real businesses.The Fed will never give an accurate portrayal of inflation because doing so would reveal that:1) The Fed has been lying about inflation levels for decades.2) The Fed did this to "paper over" declining living standards in the US (using cheap d...Read More

Concerns over supplies for the year ahead and a strong purchasing appetite from traders and mills continued to provide momentum to noble alloys prices in the first few days of January. Molybdic oxide prices staged the most impressive gains in the (usually quiet) first days of the year, jumping to $10.70-11 per lb, in-warehouse Rotterdam, on Wednesday January 3. Prices were assessed up 10.2% f...Read More

Metals investors may have missed it given the gloomy sentiment that plagued markets for much of 2017, but gold just finished its best year since 2011.Perhaps in a year like the one just passed, 13% gains are simply not inspiring. US stocks finished about 25% higher for the year, and crypto-currencies including Bitcoin left all other asset classes in the dust. Bitcoin gained roughly 1,400%.Die hard...Read More

Goldmoved visibly higher during the first session of the year and thistime mining stocks accompanied it. In fact, it seems that they are back on thetrack after a short pause. What’s the likely reason behind this year’s rallyand what does it imply going forward?Let’s jump right into the mining stock charts (chart courtesyof http://stockcharts.com). Gold stocks indeed broke aboveth...Read More

If you want to find real, accurate information on inflation, you need to ignore what the Fed says and focus on what's happening for real businesses.The Fed will never give an accurate portrayal of inflation because doing so would reveal that:1) The Fed has been lying about inflation levels for decades.2) The Fed did this to "paper over" declining living standards in the US (using cheap d...Read More

CloseGain/LossGold $1321.90+$7.00Silver$17.20+$0.06XAU87.79+0.81%HUI198.76+0.72%GDM663.40+0.37%JSE Gold1305.19-33.54USD91.87-0.31Euro120.68+0.56Yen88.70-0.27Oil$62.01+$0.3810-Year2.452%+0.012T-Bond152.34375+0.03125Dow25075.13+0.61%Nasdaq7077.92+0.18%S&P2723.99+0.40% The Metals: Gold fell $9 to $1305.90 in Asia, but it then climbed to as high as $1325.80 in New York and ended with a gain of...Read More

This might seem a frivolous question, while the dollar still retains its might, and is universally accepted in preference to other, less stable fiat currencies. However, it is becoming clear, at least to independent monetary observers, that in 2018 the dollar's primacy will be challenged by the yuan as the pricing medium for energy and other key industrial commodities. After all, the dollar's role...Read More