- U.S. Senate pass a temporary spending plan through Feb. 8 to end shutdown- Markets shrug off both government shutdown and re-opening- Markets, government and media ignoring worsening US debt position- Gold responding positively to U.S. dysfunction, rising US Treasury yields & weaker dollar- U.S. government national debt is $20.6 trillion and increasing rapidly- 'Bonds, like men, are in a bea...Read More

Trade war and protectionism across the world should be bullish for gold, silver and other safe havens. US President Donald Trump slapped tariffs on imported solar panels and washing machines, his first major trade move. Chinese solar companies will be the looser. India had also imposed anti-dumping duty on Chinese solar panels. Every nation is following a "protectionism policy" under the garb of...Read More

China's domestic rebar prices tumbled on Tuesday January 23, shedding about half of the gains made a day earlier amid sparse trading and losses in the billet and futures markets.Domestic Eastern China (Shanghai): 3,850-3,900 yuan ($601-609) per tonne, down 50 yuan per tonne Northern China (Beijing): 3,900-3,950 yuan per tonne, down 80-100 yuan per tonne A major price reduction by east China's majo...Read More

Turkish steel producers were in negotiations for deep-sea scrap purchases while prices stabilized on Tuesday January 23, Metal Bulletin has learnt.After booking a number of deep-sea cargoes at the end of the last week, Turkish steel mills were expected to book more deals for February and March."The market has stabilized and...Read More

The U.S. government partially closed at midnight on Friday. But the UK deals with a much more serious crisis. Potentially also for gold.So it happened again. The most powerful country in the world didn’t manage to renew another short-term government funding extension. It’s quite embarrassing, but we all should already get used to it. Since 1976, there have been almost 20 previous occur...Read More

Metal Bulletin Research topped the base metals leaderboard in the Apex fourth-quarter 2017 contest, with an accuracy rating of 99.35%. Click on the image below to download the full report. Bunk Muscat's Ajit S Mauskar was second in the base metals table with an accuracy rating of 98.88%, Casper Burgering of ABN Amro was third with 98.66%. SP Angel's John Meyer and Sergey Raevskiy were fourth with...Read More

There were some curious developments in the gold sector last year, most of which have flown under the radar of mainstream press reports. And the more they ignore what’s happening, the greater the surprise to the upside will be. It could indeed be very exciting for those of us that are overweight precious metals and have stayed the course. While stocks and cryptos dominated last year’s...Read More

Perhaps the best tool for anticipating major shifts in the financial system is the ratio between Treasury Inflation Protected Securities (TIPS): and the Long-term Treasuries ETF (TLT).In its simplest form, when this ratio rallies, the financial system is anticipating IN-flation. When this ratio falls, the financial system is anticipating DE-flation.Below is a 10 year chart for this ratio. And as y...Read More

We called the real estate bubble top in late 2005, just before it began to burst in early 2006. So did Jim Stack, a newsletter writer in Whitefish Montana.Continue...Read More

Iron ore prices dropped close to $74 per tonne cfr China on Tuesday January 23 amid weakening steel billet and futures markets. Metal Bulletin's 62% Fe Iron Ore Index Today: $74.29 per tonne cfr Qingdao Daily change: down by $2.32 per tonne. Month-to-date average: $76.50 per tonne Metal Bulletin's 58% Fe Premium Index Today: $60.73 per tonne cfr Qingdao Daily change:...Read More

Since bottoming on December 11, 2017, at $1,242, gold has tacked on nearly $100 to its price. Rudi Fronk and Jim Anthony, cofounders of Seabridge Gold, discuss what they see going on.Clearly, one reason for the move in gold is the weakness in the U.S. dollar. The black line tracks the U.S. dollar index over the past two months while the gold line tracks the gold price. The dollar hit its recent h...Read More

There were some curious developments in the gold sector last year, most of which have flown under the radar of mainstream press reports. And the more they ignore what's happening, the greater the surprise to the upside will be. It could indeed be very exciting for those of us that are overweight precious metals and have stayed the course.While stocks and cryptos dominated last year's headlines, ch...Read More

Perhaps the best tool for anticipating major shifts in the financial system is the ratio between Treasury Inflation Protected Securities (TIPS): and the Long-term Treasuries ETF (TLT).In its simplest form, when this ratio rallies, the financial system is anticipating IN-flation. When this ratio falls, the financial system is anticipating DE-flation.Below is a 10 year chart for this ratio. And as y...Read More

Art Berman, 40-year veteran in the petroleum production industry and respected geological consultant, returns to the podcast this week to talk about oil.After the price of oil fell from its previous $100+/bbl highs to under $30/bbl in 2015, many declared dead the concerns raised by peak oil theorists. Headlines selling the "shale miracle" have sought to convince us that the US will one day eclipse...Read More

CloseGain/LossGold $1341.00+$6.40Silver$17.05+$0.04XAU89.91+1.81%HUI202.74+2.57%GDM673.84+1.55%JSE Gold1265.07-3.70USD90.12-0.27Euro122.98+0.38Yen90.79+0.69Oil$64.47+$0.9010-Year2.646%-0.014T-Bond149.3125+0.625Dow26210.81-0.01%Nasdaq7460.29+0.71%S&P2839.13+0.22% The Metals: Gold gained $3.80 to $1338.40 in London before it dropped back to $1331.70 by midmorning in New York, but it then ext...Read More

Strengths ?The best performing metal this week was platinum, up 1.92 percent as traders boosted their net long position. Gold traders remain bullish on the yellow metal for a second week as gold reached the highest since September on Monday, reports Bloomberg. The U.S. dollar posted five straight weekly losses, even as U.S. Treasury yields rose. Earlier in the week, 5,000 call options with a str...Read More

The gold market has beenmired in a four-and-a-half year basing pattern. The rally that began late lastyear has taken prices up toward a major resistance zone. It’s make or breaktime!Also, on the cusp of apotentially big move is the bond market. Bonds haven’t been makingheadlines like the stock market, but where the bond market heads next could becrucial for stocks as well as metals (no...Read More

Perhaps the best tool for anticipating major shifts in the financial system is the ratio between Treasury Inflation Protected Securities (TIPS): and the Long-term Treasuries ETF (TLT).In its simplest form, when this ratio rallies, the financial system is anticipating IN-flation. When this ratio falls, the financial system is anticipating DE-flation.Below is a 10 year chart for this ratio. And as y...Read More

"All gold does is it preserves your purchasing power. But, if gold is $5,000, then oil is probably $400, and everything is double or triple, you're not really ahead of the game."Jim Rickards is a lawyer, investment banker and economist with over thirty years' experience in capital markets. He is currently Senior Managing Director at Tangent Capital Partners LLC. He advises the Department of Defens...Read More

Prices for rebar in the United Arab Emirates and Saudi Arabia were stable this week while billet import prices in the UAE narrowed with a new deal, sources told Metal Bulletin on Tuesday January 23.Demand for imported rebar, meanwhile, was still very weak in both countries because local prices were more competitive.Domestic rebarMajor local rebar producers in the UAE announced new prices on Januar...Read More