Gold had a good day yesterday, but asit hits the $1,770 resistance line, it will be anything but easy for the yellowmetal. The real test has begun.And so, it happened. Gold moved right toits target level that seemed to be the max that it could reach, but that didn’tseem to be the most likely outcome. Just because it wasn’t the most likelyoutcome, doesn’t make it impossible. The &...Read More

The recent rally in the bond yields pushed gold prices down, but this trend won’t continue forever, as the Fed will likely be forced to step in.In March, we saw a continuation of the rally in bond yields that started in February. As the chart below shows, the 10-year real interest rates have soared from -1.06 on February 10 to -0.66 percent on March 23. What is clear from the chart is the st...Read More

The S&P 500 red candle and then some – erased in aday, that‘s what you get with the Fed always having your back. The staircaseclimb certainly looks like continuing without any real breather. Whatever steepascent you compare it to (Jun or early Sep 2020), this one is different in thatit doesn‘t offer but token corrections. Not that it would be reasonable toexpect a steep downs...Read More

Lead's price on the London Metal Exchange reached a fresh year-to-date high and sister metal zinc was trading at its highest since June 2018, supported by the futures complex that continues to be spurred by bullish sentiment. Lead's price reached $2,201 per tonne during afternoon trading on Tuesday May 4, the highest since October 2019 and overtaking its previous year-to-date high of $2,185 per to...Read More

Ignore what centralbankers are saying; instead, watch what they are doing.While they poo-poo goldor pretend it doesn't exist, global central banks have been quietly but aggressivelyaccumulating gold bullion for several years now. The Central Bank of Russia,for example, has been a consistent buyer of gold.Other major central bankshave also been acquiring and holding the metal, although some scaled...Read More

Treatment charges for lead concentrates fell sharply in April after the arbitrage between Shanghai and London prices encouraged more imports into China, sources said.Fastmarkets' lead spot concentrate TC, low silver, cif China assessment was $55-65 per tonne on April 30, a 20-month low and down from an $80-100-per-tonne range in March.Lead concentrates with a low silver content are historically mo...Read More

Seaborne coking coal prices remained largely flat day on day on Tuesday May 4, despite some limited trading activity. Fastmarkets indicesPremium hard coking coal, fob DBCT: $111.03 per tonne, down $0.10 per tonnePremium hard coking coal, cfr Jingtang: $226.79 per tonne, unchangedHard coking coal, fob DBCT: $103.71 per tonne, unchangedHard coking coal, cfr Jingtang: $204.19 per tonne, unchangedIn t...Read More

Silver will continue to be strong as part of the "Planned Release" of Silver Manipulation!by Bix Weir of Road to RootaSilver is strong today and will continue to be strong as part of the "Planned Release" of Silver Manipulation! Also, "Theta Girl" is about to EXPLODE HIGHER!! Read More

Want to end the manipulation?Half Dollar with Matt from Silver Fortune via Silver FortunePaul joins me to talk inflation, the silver market, the nature of today's markets, and a detailed discussion on turtles and their feeding habits.FULL SHOW NOTES AND LINKS HERE Read More

The use of gold and silver ETFs to short the monetary metals markets for price suppression at strategic moments long has been...by Dave Kranzler of Investment Research DynamicsBefore the CFTC inevitably ignores the following inquiry from Chris Marcus et al, I would remind its Chairman and the CFTC attorneys that the CFTC and its agents are public servants - their function is to serve the public....Read More

Backwardation always equals scarcity of metal!by Harvey Organ of Harvey Organ BlogMAY 3//GOLD UP $23.00 TO $1791.70//SILVER UP 99 CENTS TO $26.85//GOLD STANDING ADVANCES TO 5.35 TONNES//SILVER ADVANCES IN STANDING AT THE COMEX FOR MAY AT 37.8 MILLION OZ//LUMBER PRICES SKYROCKET//AS DOES COPPER AND ALL OF THE COMMODITIES MOST COMMODITES ARE IN BACKWARDATION IN FUTURE MARKETS// CHRIS MARCUS LETTER T...Read More

"This is also putting additional pressure on top of the..."David Morgan interviewed by Claudio Grass via Claudiograss.chInterview with David Morgan: Part II of II (Click here for Part I)Claudio Grass (CG): During the first wave of lockdowns and travel bans we saw a lot of disruptions in the physical precious metal market. With delivery delays and logistics problems, has the situation fully normal...Read More

The latest forecasts from Fastmarkets' team of analysts is ready to view.Stainless steel prices and margins for stainless steel producers have risen notably over the past few months in both Europe and the United States, but there are now signs that the rally is petering out.A clear reason for the halt to rising prices comes from the near 20% drop in nickel prices seen in late February/early March,...Read More

Lead's price on the London Metal Exchange reached a fresh year-to-date high and sister metal zinc was trading at its highest since June 2018, supported by the futures complex that continues to be spurred by bullish sentiment. Lead's price reached $2,201 per tonne during afternoon trading on Tuesday May 4, the highest since October 2019 and overtaking its previous year-to-date high of $2,185 per to...Read More

The Turkish deep-sea scrap import market went quiet after the sharp increase in prices following China's cancellation of export tax rebates on some steel products, market participants said on Tuesday May 4.China's Ministry of Finance removed the export tax rebate on some steel products on May 1.The news boosted demand for steel and, in particular for steel billet, in Asia, and that triggered the r...Read More

Chile's copper mine production fell by 1.21% in March compared with the same month last year amid lower volumes from Escondida, the world's largest copper mine, according to data published by national copper commission Cochilco on Tuesday May 4.Copper production totaled 488,700 tonnes in March, down from 494,700 tonnes in the same month last year, Cochilco said. But output rose by 14.58% sequ...Read More

RAPAPORT... Hong Kong-based retail sales of jewelry and other hard-luxury items surged in March as Covid-19 restrictions eased and consumer sentiment improved.Revenue from jewelry, watches, clocks and other valuable gifts rose 81% year on year to HKD 2.98 billion ($384 million) during the month, the municipality's Census and Statistics Department reported Tuesday. Sales across all retail categorie...Read More

RAPAPORT... Phillips has hired two executives for its international jewelry department in an effort to broaden its expertise in the sector.Sara Payne Thomeier will join the auction house as senior vice president and head of jewels for the Americas, Phillips said last week. She will be responsible for leading the New York jewelry department, deepening client relationships and sourcing material for...Read More

A summary of North America-based aluminium products manufacturer Arconic's first-quarter 2021 financial results, released on Tuesday May 4, 2021.In brief: Global aluminium products manufacturer Arconic reported a 4% year-on-year increase in total revenue in the first quarter of 2021. Total revenue is also up by 15% from the previous quarter, largely attributed to the rise in aluminium prices.The c...Read More

RAPAPORT... Gem Diamonds has unearthed a 254-carat rough stone in Lesotho, marking a return to high-value discoveries following a lull.The "high-quality," type II, white diamond came from the company's lucrative Let??eng mine, it said in a statement Tuesday.The miner had not publicized any noteworthy finds since January, when the deposit produced a 146.9-carat rough. Output of large diamonds...Read More