Recent News

Why the Debt Ceiling Means Nothing, Yet Everything

February 16, 2018 / news.goldseek.com

By Nathan McDonaldOver the past month, we have heard a growing roar of dissent and fear as people within the United States and around the financial world worried about a rapidly approaching deadline. A deadline, that if reached, would spell disaster for all! This deadline self-imposed by Congress is an artificial ceiling put in place to reign in the controls of big government and keep it in chec...Read More

South America's flat steel import prices stable amid Chinese break

February 16, 2018 / www.metalbulletin.com

Prices for flat steel products imported into South America were unchanged this week because of the lack of trading activity, Metal Bulletin has been told."The market is stopped due to the Chinese [lunar] new year [celebrations], with fresh offers expected to be placed later next week," a Pacific coast-focused steel trader said. "And we expect prices to rise after the break."The lunar...Read More

COT Gold, Silver and US Dollar Index Report - February 16, 2018

February 16, 2018 / news.goldseek.com

Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort251,86076,25464,242150,847345,383466,949485,879Change from Prior Reporting Period -21,968-6,6973,685-7,803-18,718-26,086-21,730Traders17279744461251183 Small Speculators LongShortOpen Interest 44,79625,866511,745 2,510-1,846-23,576 non reportable positionsChange from the previous...Read More

Eric Sprott discusses rising interest rates, the falling dollar and the impact this is having on gold and silver prices

February 16, 2018 / marketsanity.com

Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric established Sprott Asset Management Inc. Over the years, Eric has personally been the recipient of numerous awards and honors, including one of Investor Dig...Read More

GDX Weathers Stock Selloff

February 16, 2018 / news.goldseek.com

The gold miners' stocks weathered the recent stock-market plunge really well. As evident in their leading GDX ETF, they were already beaten down before stock markets started falling. The resulting explosion of fear bled into GDX, forcing it even lower. Nevertheless, no major technical damage was done. GDX remained well within its consolidation trend channel and is still within striking d...Read More

STEEL WEEK IN BRIEF: US recommendations on Section 232, Chinese new year holiday, Vale's Q4 output data...

February 16, 2018 / www.metalbulletin.com

Metal Bulletin reviews the major stories that have affected the steel market over the past week.The break in some markets to celebrate the Chinese lunar new year has driven commodity prices this week.Metal Bulletin's 62% Iron Ore Index increased to $78.43 per tonne cfr on Thursday, while Metal Bulletin's fob Australia indices for coking coal were flat at $229.57 per tonne for premium hard coking c...Read More

5 Things to Know About the Chinese New Year

February 16, 2018 / news.goldseek.com

By U.S. Global InvestorsChinese New Year, also known as Lunar New Year, is a festival celebrated at the turn of the lunisolar Chinese calendar for 15 days until the next full moon. During this period many people are off work, visit extended family, clean their homes thoroughly and surround themselves with lucky symbols for good fortune in the coming year.Discover more about how the Chinese New Y...Read More

The Dollar and Gold for 2018

February 16, 2018 / news.goldseek.com

By Gary ChristensonThis article and another were written for Miles Franklin. Read them here and here. Since this article was written in early January stock indices have bubbled higher. Some analysts have dreamed of a "melt-up" for stock markets. Regardless, bubbles crash eventually.The DollarThe Dollar Index dropped from 102.28 on December 30, 2016 to 91.82 on December 29, 2017, and further to 8...Read More

Primetals Technologies selects Iijima to take over in April

February 16, 2018 / www.metalbulletin.com

Metals industry equipment supplier Primetals Technologies has appointed Satoru Iijima its chief executive officer and board chairman, to take office on April 1 this year, it said on Friday February 16.Iijima, who was previously CEO of Primetals Technologies' subsidiary in the United States, will replace Yasukuni...Read More

Is The Fed Back To "Quantitative Easing?"

February 16, 2018 / news.goldseek.com

By Dave KranzlerThe Fed added $11 billion to its SOMA account for the week ending yesterday. It purchased $11 billion in mortgage securities directly from banks. This injects $11 billion into the banking system. Cash is "high powered" money, meaning it can be leveraged 10x (banks need to hold 10% in reserves against "high powered" money. $11 billion is $110 billion of leverage for the banks to u...Read More

US rejects 'Communist Chinese' takeover of Chicago Stock Exchange

February 16, 2018 / marketsanity.com

"The review process has also raised questions about whether the proposed ownership structure will allow the commission to exercise sufficient oversight of the exchange," Continue...Read More

POLAND REBAR: Domestic prices slightly down on slow trading

February 16, 2018 / www.metalbulletin.com

Domestic prices for rebar in Poland inched down this week due to seasonally slow trading activity, sources told Metal Bulletin on Friday February 16.Metal Bulletin's weekly price assessment for domestic 12mm B500B-grade rebar in Poland was 2,310-2,340 zloty ($693-702) per tonne ex-works on February 16, compared with 2,310-2,360 zloty per tonne...Read More

GDX Gold ETF Weathers Stock Market Selloff / Commodities / Gold and Silver Stocks 2018

February 16, 2018 / www.marketoracle.co.uk

The gold miners’ stocksweathered the recent stock-market plunge really well.  As evident in their leading GDX ETF, theywere already beaten down before stock markets started falling.  The resulting explosion of fear bled into GDX,forcing it even lower.  Nevertheless, nomajor technical damage was done.  GDXremained well within its consolidation trend channel and is still wi...Read More

Gold and Silver Are Leaving the Station - Are You on Board?

February 16, 2018 / news.goldseek.com

By Rory HallHaving a subscription to TFMetals Report is truly awesome. The knowledge that flows through that site, even on the free side, is truly remarkable. I was reading what Craig had to say about gold and silver making that huge move on Wednesday Feb 14, as I wasn't really able to find anything to support these "moon shots" that happened soon after the COMEX opened but of course, Mr. Hemke...Read More

Allow The Metals Market To Prove Itself

February 16, 2018 / news.goldseek.com

By Avi GilburtWe have been here several times before over the last year. The market has bottomed, provided us with a strong rally, but has failed to confirm the major break out for which we have been looking. As I noted over the weekend, the 144-minute silver chart has been quite prescient in identifying turns in this market. And, it has still not yet failed us. But, the question is what...Read More

Gold Up 3.8% In Week - If Closes Above $1,360/oz Will Be Biggest Weekly Gain In Nearly 2 Years / Commodities / Gold and Silver 2018

February 16, 2018 / www.marketoracle.co.uk

Gold rose as the dollar fell to near a three-year low against a basket of currencies on Friday, heading for its biggest weekly loss in nine months, as a slew of bearish factors including firming inflation and a fall in retail sales and industrial production hit the dollar. Gold in USD – 10 Years – (GoldCore)U.S. producer prices accelerated in January, boosted by strong rises ...Read More

UK FERROUS SCRAP: Grade 5C prices stable as yard inflows remain healthy

February 16, 2018 / www.metalbulletin.com

Prices for light iron, grade-5C steel scrap from the United Kingdom were largely unchanged this week, with buyers continuing to secure satisfactory volumes of material and paying current market prices, sources told Metal Bulletin on Friday February 16.The key scrap export markets in Turkey and India strengthened this week, but the knock-on effect to the UK grade-5C market has been limited so far,...Read More

Doug Casey on Why Gold Could Go "Hyperbolic"

February 16, 2018 / marketsanity.com

Volatility has come storming back.Just look at the CBOE Volatility Index (VIX), which measures how volatile investors expect the market to be over the next 30 days.Continue...Read More

Gold Stocks Rally: Key Upside Targets

February 16, 2018 / www.gold-eagle.com

Here are today's videos and charts (double-click to enlarge):SFS Key Charts & Video UpdateSF60 Key Charts & Video UpdateSF Juniors Key Charts & Video AnalysisSF Trader Time Key Charts & Video Analysis*********Unique Introduction Gold-Eagle Readers: Send me an email to trading@superforcesignals.com and I'll send you my special report on three key gold stocks set to extend their rallies and do in a...Read More

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