Iron ore prices strengthened further on Thursday January 25 though trading activity appears to have slowed down following higher fixed-price transactions concluded recently. Metal Bulletin's 62% Fe Iron Ore Index Today: $75.04 per tonne cfr Qingdao Daily change: up by $0.51 per tonne Month-to-date average: $76.31 per tonne Metal Bulletin's 58% Fe Premium...Read More
"A number of you have mentioned concerns you have or have had regarding Yale students who may be interested in participating in your Continue...Read More
By Ira EpsteinSinking Dollar send metal prices sharply higher today.https://www.iraepstein.com/ Read More
Deliberate weakness of the US dollar by the Americans resulted in all metals and energies zooming. The Trump administration wants a weaker US dollar. As a gold bull, I hope that other central banks also jump into the bandwagon of weakening their currencies and we start a central bank currency war. If this happens gold will easily rise to $1961.80 before the end of the year. Manipulating currency...Read More
Turkish billet prices have weakened over the past seven days, in line with the falling cost of scrap imported into the country, sources said on Thursday January 25.Metal Bulletin's weekly price assessment for billet imports into Turkey was $515-525 per tonne cfr on January 25, down from the $520-530 per tonne of last week.The downward movement in the weekly assessment came after CIS-region supplie...Read More
Stephen Roach answered questions about what we should be watching out for about China's economy in 2018 and the U.S.-China relations in trade.Stephen S. Roach, former Chairman of Morgan Stanley Asia and the firm's chief economist, is a senior fellow at Yale University's Jackson Institute of Global Affairs and a senior lecturer at Yale's School of Management. He the author, most recently, of Unbala...Read More
After what seems like a decade in the shadow of tech stocks and cryptocurrencies, gold and silver are rocking again. Which of course leaves everyone Continue...Read More
LETTER TO THE EDITORDear Mr. Kosares,I have read your articles with great interest and pleasure. I believe we are in a corner which is far from the mainstream. In reference to buying gold as protection, I also read stories like “sell-cryptos-buy-gold,” but it is never told what will happen when there is indeed hyperinflation. It is said that the gold price can rise many fold. But...Read More
Steel billet import prices in Egypt fell slightly and domestic rebar prices remained unchanged in the week to Thursday January 25. Billet import prices fell amid lower bids and a news of a low-priced deal for material from Iran. "The market is slow this week [and] most people are waiting for a further price drop," a trader told...Read More
"The dollar is going to get stronger and stronger and ultimately I want to see a strong dollar," Trump told CNBC.Continue...Read More
We’ve all watched in amazement, while theequities markets around the world have risen to new highs. On Wall Street hardly a week goes by withouta new record. There comes a time howeverwhen a sector becomes so overbought, that smart money begins to leave andsearch for a sector that has been overlooked. That moment is now at hand, as can be seen in our first chart &ndash...Read More
China's domestic rebar prices picked up some upward momentum on Thursday January 25 on gains in the billet and futures markets.Domestic Eastern China (Shanghai): 3,870-3,920 yuan ($606-614) per tonne, up 20 yuan per tonne Northern China (Beijing): 3,920-3,970 yuan per tonne, up 20 yuan per tonne Billet prices rose 20 yuan in the morning while the most-traded May rebar futures contract increased to...Read More
"The loophole in the current law allows a politician sentenced to prison to continue to collect the pensions until a 'final conviction' is given when all appeals Continue...Read More
Love it, or hate it, the $USD is the reserve currency of the world. So what happens to it is of MASSIVE import to the rest of the financial system.With that in mind, take a look at the below chart.This is looking more and more like a "false breakout." False breakouts are dangerous developments because they usually lead to violent drops.In this case, the above chart suggests the $USD could collapse...Read More
Yesterday, gold won an influential supporter in theWhite House. Who is he? The Enemy of Gold’s Enemy Is Gold’sFriendAs the ancient proverb goes, my enemy’s enemy is myfriend. Although it is usually employed in foreign policy, this concept alsoapplies to finance. Given the negative correlation between the greenback and gold, theenemies of the U.S. dollar are generally gold’s...Read More
We've all watched in amazement, while the equities markets around the world have risen to new highs. On Wall Street hardly a week goes by without a new record. There comes a time however when a sector becomes so overbought, that smart money begins to leave and search for a sector that has been overlooked. That moment is now at hand, as can be seen in our first chart - courtesy sources listed.This...Read More
Love it, or hate it, the $USD is the reserve currency of the world. So what happens to it is of MASSIVE import to the rest of the financial system.With that in mind, take a look at the below chart.This is looking more and more like a "false breakout." False breakouts are dangerous developments because they usually lead to violent drops.In this case, the above chart suggests the $USD could collapse...Read More
China's ferrous futures were mixed during morning trading on Thursday January 25 with steel contracts ending the session slightly lower than their opening prices while those for raw materials rose. Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,953 ($619) per tonne, down 1 yuan per tonne May hot-rolled coil: 3,957 yuan per tonne, down 3 yuan per tonne Dalian Commod...Read More
CloseGain/LossGold $1348.00-$9.70Silver$17.30-$0.26XAU89.91-2.36%HUI202.24-2.38%GDM678.63-1.46%JSE Gold1327.01+13.06USD89.28+0.03Euro124.17+0.15Yen91.65-0.11Oil$65.51-$0.1010-Year2.618%-0.034T-Bond149.40625+0.9375Dow26392.79+0.54%Nasdaq7411.16-0.05%S&P2839.25+0.06% The Metals: Gold gained $8.30 to $1366.00 in Asia before it dipped back under unchanged in London and then climbed back toward...Read More