Yesterdaywe mentioned and explained buying the dip when markets are in uptrends andselling rallies when in a downtrend. The support level we were looking for was1760 December gold; the low was 1760.3. Silver was 23.00, the low 23.03; bothwere potential "add on" buys. Thismorning gold is $13.00 higher, and silver is $0.55 higher. Remember, thisdoesn't always work as smoothly as this, but...Read More

The three-month copper contract is trading near record highs on the London Metal Exchange, cash prices are rising even faster, and inventories are descending toward zero. Try running a hedge book in those conditions.It's been a very real quandary facing the physical trade and industry, which awoke on Tuesday October 19 to find copper's cash to November spread had flared to a backwardation of more...Read More

The London Metal Exchange has imposed a series of temporary measures to maintain an orderly copper market after wild outright and spread price moves and dwindling inventories in recent days, the exchange said.In a notice to members, the LME said its Special Committee had been monitoring the ongoing tightness in the copper market, with exchange inventories falling and nearby carries tightening. The...Read More

Northern Star (ASX:NST) expects to produce 1.55-1.65Moz of gold in its 2022 fiscal year.The company released its quarterly activities report today.The cost of that gold is set at an all-in sustaining cost of A$1,475-$1,575/oz.The company expects its AISC to decrease over the year. Northern Star’s FY22 net growth capital and exploration budget of A$710M is unchanged.By 2026 the company expect...Read More

We've all been happy by the action of the last few days. It's niceto see miners rising by 3-5% a day. Now, assuming this is finally the beginning of a new bull legup --and the false dawns are at last over-- we ask, which part of the PMuniverse has to most to rise?The easiest way to answer this is to see how far each group isbelow its all-time high. One big reason I am not big on the general stock...Read More

Bob Moriarty ArchivesOct 19, 2021I remain convinced that the general stock market is on the precipice of a massive slide into the depths similar to that of 1929-1932 and 2000-2001. It could be some minor bank in Europe collapsing as in theCredit-Anstalt did in 1931 causing a cascading banking system plunge. Or it could be the overpriced stock and bond markets tumbling from their own weight or even...Read More

WASHINGTON, Oct 19 (Reuters) - If high inflation continues through the end of the year the Fed may have to adopt "a more aggressive policy response" to control it, Federal Reserve Governor Christopher Waller said in remarks on Tuesday outlining the case for why Fed officials may have misdiagnosed the current pace of price increases as temporary.Waller said he too still believes the economy has see...Read More

Ask a gold bull why Gold hasn't performed wellover the past 15 months, and you might hear the words manipulation,suppression, or Bitcoin in the response. You won't hear that Gold gained nearly 80% intwo years and was historically overbought.Last but not least, you won't hear about thefundamental changes that have driven capital outflows from Gold and Silver, aswell as bonds and into stocks and com...Read More

By Mai NguyenOct 19 (Reuters) - Copper prices rose on Tuesday, buoyed bydecades-low supplies and an extreme shortage of readilyavailable metal in exchange warehouses.Three-month copper on the London Metal Exchange rose1.5% to $10,351 a tonne by 0703 GMT, while the most-tradedNovember copper contract on the Shanghai Futures Exchange closed up 0.2% at 75,810 yuan ($11,834.77) a tonne.LME cash copper...Read More

Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comOct 19, 2021 Is climate change real?If so, is it the result of burning dirty fossil fuels, or do government airplane “chemtrails” play the main role? What about gold?Price is often soft on Tuesdays, and some conspiracy buffs like the term, “Takedown Tuesday”. Is it...Read More

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Across the board, the bull market in base metals has helped boost investment since the COVID-19 pandemic took hold of the markets. S&P Global Market Intelligence recently conducted a report lo...Read More

WASHINGTON, Oct 19 (Reuters) - U.S. Treasury Secretary Janet Yellen said on Tuesday she welcomed a revised proposal from congressional Democrats to raise a bank account tax reporting threshold to $10,000 in annual transactions from a proposed $600 level, with an exemption for wage earners.The change was made after major opposition from banking and other lobbying groups who charged that initial p...Read More

(Reuters) - The obstacles making it difficult for many women to work, combined with an increase in retirements, could hinder the labor market recovery and be a drag on the U.S. economy, Federal Reserve Governor Michelle Bowman said on Tuesday.Women with young children left the labor force at a higher rate than other workers and some are still struggling to find childcare they can afford, Bowman sa...Read More

WASHINGTON (Reuters) -A top Democrat in the U.S. House of Representatives on Tuesday said he would support allowing the U.S. Treasury secretary to unilaterally extend the limit on federal borrowing, with Congress then empowered to vote on vetoing such decisions."It's a good option," House Majority Leader Steny Hoyer told reporters in a weekly press conference. He said the Treasury secretary should...Read More

An overview of the chrome ore and alloy markets in Asia, Europe and the United States on Tuesday October 19 and their latest price moves.China Lower-than-expected October tender prices from major stainless steel mills and weakened demand outlook following production cuts in the stainless steel sector weighed on market sentiment.The domestic spot ferro-chrome market softened with lower offers heard...Read More

Precious metal miner Hochschild Mining (LSE: HOC) is demerging to create a stand-alone business focused on rare earths, Aclara Resources. Aclara is a development-stage rare earth mineral resources company with a land package of mineral concessions in Chile, according to a press release from Hochschild. It's Penco Module covers a surface area of approximately 600 hectares and contains ionic clays t...Read More

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Vital Metals (ASX: VML), thefirst rare earths producer in Canada and only the second in North America,announced Tuesday that it has signed a non-binding Memorandum of Understanding("MOU") with rare ear...Read More

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Centamin (TSX: CEE) reportedtoday that its Q3 2021 gold production in Egypt of 103,546 ounces was 19% lowerthan in Q3 2020 but slightly ahead of 2021 schedule. The company also reportedthat revenue gen...Read More

For despite Base operationally doing well, paying big dividends and it being, as one analyst put it during a question on a Base conference call today, "a pretty amazing mineral sands market at theRead More

NEW YORK, Oct 19 (Reuters) - The launch of the first bitcoin futures exchange traded fund (ETF) on Tuesday marks a major step toward legitimizing the cryptocurrency, but some ETF investors may face higher costs compared with buying the digital currency itself.Barring any last-minute objection from the U.S. Securities and Exchange Commission, the ProShares Bitcoin Strategy ETF will begin trading on...Read More