Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
PHILADELPHIA (Reuters) - By almost every measure, the U.S. economy is booming. But a look behind the headlines of roaring job growth and consumer spending reveals how the boom continues in large part by the poorer half of Americans fleecing their savings and piling up debt.A Reuters analysis of U.S. household data shows that the bottom 60 percent of income-earners have accounted for most of the ri...Read More
The export markets for hot-rolled coil (HRC) and cold-rolled coil (CRC) from the Commonwealth of Independent States have gone down over the past seven days because buyers have not accepted higher offers for August-rolled products from Russian suppliers....Read More
CloseGain/LossGold $1225.00-$5.80Silver$15.38-$0.13XAU78.11-1.82%HUI168.71-1.92%GDM595.67-1.58%JSE Gold1015.69+5.26USD94.63+0.20Euro116.95-0.31Yen89.82+0.04Oil$67.89-$0.3710-Year2.964%+0.068T-Bond142.90625-1.28125Dow25044.29-0.06%Nasdaq7841.87+0.28%S&P2806.98+0.18% The Metals: Gold fell $8.40 to $1222.40 in early afternoon New York trade before it bounced back higher at t...Read More
TECHNICAL SCOOPCharts and commentary by David ChapmanPhone: 416-523-5454 Email: david@davidchapman.comTwitter: @Davcha12July 23, 2018 "Economics is extremely useful as a form of employment for economists" John Kenneth Galbraith The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness" John K...Read More
By Frank HolmesStrengths? The best performing metal this week was platinum, nearly flat but down 0.07 percent after rallying 2.60 percent on Friday. Swiss exports of gold rose 2.3 percent in June, reaching 117.6 tons, according to the Swiss Federal Customs Administration. The majority of those exports - 62 percent or 61.3 tons - went to China, while 21 percent or 18.9 tons went t...Read More
By RambusThe big question I've been grappling with recently is the inflation or deflation theme. Last Friday's price action felt like a counterpunch to the deflation scenario as the US dollar fell pretty hard and interest rate reversed. It was almost exactly a year ago around at this time that we started to take some positions related to the inflationary scenario by buying some of the different...Read More
By Surf City CyclesThe USD has had a bullish run out of it's Intermediate and Yearly Cycle Low (YCL) in early February but it is now deep in my timing band to start seeking out its next 5-6 Month Intermediate Cycle Low (ICL). While I don't want to overplay the negative correlation between the USD and Gold the correlation has been quite strong for most of 2018. A major top in the USD here, shoul...Read More
Page 4 in Hoisington Investment Management's latest Quarterly Review and Outlook contains a discussion about the falling productivity of debt problem. According to Hoisington and many other analysts, the problem is encapsulated by the falling trend in the amount of GDP generated by each additional dollar of debt, or, looking from a different angle, by the rising trend in the amount of additional...Read More
The Wall Street Journal recently highlighted a better method of analysing the impact of public sector pensions on state and local budgets. The results are ominous for government finances, the bond markets, and pretty much everything else:Why Your Pension Is DoomedA new study shows that benefits are rising faster than GDP in most states.Pension costs are soaring across the country, and government...Read More
By Keith WeinerQuantity Theory RevisitedThe price of gold fell another ten bucks and that of silver another 28 cents. Perspective: if you're waiting for the right moment to buy, the market is offering you a better deal than it did last week (literally, the price of gold is a 7.2% discount to the fundamental vs. 4.6% last week). If you wanted to sell, this wasn't a good week to wait. Which is you...Read More
Listen to the Podcast Audio: Click HereMike Gleason: It is my privilege now to welcome in Greg Weldon, CEO and president of Weldon Financial. Greg has over three decades of market research and trading experience, specializing in the metals and commodity markets, and his close connection with the metals led him to author a book back in 2006, titled Gold Trading Boot Camp, where he accurately pred...Read More
Trump and War With China? Goldnomics Podcast ( Episode 6 )We discuss the deepening trade war between the U.S. and China and the risk of a wider war between the super powers.Research Director of GoldCore and respected precious metals commentator Mark O'Byrne and GoldCore CEO Stephen Flood in discussion with Dave Russell in Episode 6 of the Goldnomics Podcast.We discuss the "Tweet" of Ray Dalio,...Read More
BEIJING (Reuters) - In China, where the future of the car is looking more and more electric, newcomers to the auto industry are looking for partners to help them build their vehicles.Enter Canadian auto supplier Magna International (MG.TO) which aims to spearhead a shift to contract vehicle manufacturing through its new partnership with state-owned Chinese carmaker BAIC Group [BEJINS.UL].According...Read More
Turkish producers of hot-dipped galvanized coil (HDG) have signed deals for exports to Europe and the United States recently, and demand is expected to increase, they told Metal Bulletin on Monday July 23....Read More
This marks a shift over the past decade for an industry that once focused predominantly on crude oil, with gas in most cases an after-thought. Now, the rise of gas-powered electric generation, surging production from U.S shale fields and the burgeoning liquefied natural gas (LNG) industry that makes shipping the fuel possible, have conspired to create a boom.BP Plc (BP.L), Exxon Mobil Corp (XOM.N)...Read More
Precious metals analyst Ted Butler returns to the podcast this week to discuss the long-suffering silver price.Will the beatings continue? Or is there finally reason to believe that, after seven painful years of languishing, silver may finally see a brighter future?Butler predicts a turning point is nigh. And ironically, he thinks silver's savior will be the same culprit responsible for keeping th...Read More
Martin Armstrong joined us for a talk about what's happening in Italy and the EU. Martin believes that all the EU bureaucrats care about is keeping their jobs and collecting taxes. People in Italy used their homes as savings vehicles because until recently there were no real estate taxes and no inheritance levies. All that is changing and Martin says the people will reach a no mas moment. It's...Read More
John and I answer a number of your questions and then talk about the changing Commitment of Traders report. Usually the Speculators (hedge funds) are wrong and the Commercials (big banks) are right. If that's the case then it appears that the Commercials are less invested to the downside and the Specs are more committed to the downside. This could go on for a while. But it's looking better for the...Read More
(Reuters) - Shares of Tesla Inc (TSLA.O) fell more than 4 percent in trading before the bell on Monday, after a report that the electric car maker has turned to some suppliers for a refund of previously made payments in a bid to turn a profit.Tesla has asked some suppliers to refund money paid by the electric car maker since 2016, the Wall Street Journal reported on Sunday citing a memo.The memo,...Read More