Stewart Thomson, Graceland Updates1. The big question about America is how much more money the Fed can print while the government runs a program of borrowing money to infinity... before hyperinflation turns the fading empire into a fire pit.2. The debt-themed empire is in tatters already, but it has yet to become an inferno. The world watches aghast, as Americans blow each other aw...Read More

Every year around this time, we check in with raw materials for our popular commodities halftime report. This year, it wasn't even a competition. Precious metals were the big winners for the first six months of 2020. Spot gold took the first place position, rising over 17 percent, followed in second place by silver, up nearly 2 percent. Palladium rounded out the top three, essentially flat at...Read More

- Stefan GleasonMany retail businesses including grocery stores and fast food restaurants have been wrangling with a national coin shortage. Some are posting notices informing customers that they will need to pay in exact change or use alternative payment methods such as credit cards.What's driving this scarcity of quarters, dimes, nickels, and pennies?The answer from the U.S. Mint: COVID-19....Read More

House Rep, Alexander Mooney, introduced a Bill that would the first true audit of gold owned by the United States in more than 65 years. The Bill, if passed, would require a full assay, inventory and audit of the U.S. gold every 5 years. Currently the gold is being "safe-kept" by the Fed.The last time a Bill was introduced to audit the Fed, specifically the gold and gold swaps activity, the F...Read More

By: Gary SavageHere is what to look for on the gold breakout. Bullion banks are stuck in a large short position, they have covered some but have a significant problem. After multiple attempts, gold has broken out of this sideways/box. A break above $1,800 doesn't hold a lot of resistance, but holds the potential to be a false breakout: Stocks becoming dangerous:Gary Savagehttps://blog.smartmoney...Read More

By: Ira EpsteinGold 1796 area is a swing point, if taken out, then the market will head towards its 18-dma support around 1786 area. Doesn't mean the party is over:Read More

The fall in silver and gold is just profit taking and should be used to go long or invest. Crude oil should crash (on demand fundamentals) but is not even correcting. New investors of precious metals and industrial metals are waiting for correction to invest. Pension's funds have to give pensions to pensioners. They have increased their portfolio allocation to gold. Silver price will break past...Read More

Here are five Fastmarkets stories you might have missed on Tuesday July 14 that are worth another look.Sims Metal Management, the world's top metal and electronics recycler, is to lay off up to one-fifth of its UK workforce, Fastmarkets understands.Commercial vehicles led China's annual automotive output and sales in June, the China Association of Automobile Manufacturers (CAAM) said on July 10, e...Read More

The United States Court of International Trade (CIT) has ruled that President Donald Trump did not have the power to double the Section 232 tariff on steel imports from Turkey.The increase in the tariff - to 50% from 25% - was a violation of statutory procedures and of equal protection guarantees, the CIT stated in a 22-page ruling on Tuesday July 14. The ruling follows a complaint filed by US ste...Read More

Aluminium premiums were stable in most regions on Tuesday July 14, but premiums rose in Brazil with some market participants in the country noting signs of demand recovery, while others suggested the increase could be short-lived. Brazil premiums up on stronger spot interestRotterdam premiums hold in quiet conditionsUnited States premium steady, while uncertainty stifles tradingSpot inactivity kee...Read More

A summary of base metals premiums from across the globe for the week to Tuesday July 14.Please click...Read More

Here are five Fastmarkets stories you might have missed on Tuesday July 14 that are worth another look.Sims Metal Management, the world's top metal and electronics recycler, is to lay off up to one-fifth of its UK workforce, Fastmarkets understands.Commercial vehicles led China's annual automotive output and sales in June, the China Association of Automobile Manufacturers (CAAM) said on July 10, e...Read More

Bulk alloys markets in Europe and India look set to trade under persistent pressure from a lack of demand in the near term, with weekly price falls raising the prospect of production cuts, according to industry sources.In Europe, the ferro-silicon market fell to a near three-and-a-half-year low in the week to July 10 after briefly stabilizing the previous week. Sustained weakness in steel, pa...Read More

Robust demand for aluminium in China has supported the Shanghai Futures Exchange aluminium price into July and analysts expect it to maintain strength at least until the end of August. The SHFE front month aluminium contract soared to a three-and-a-half-year high of 15,185 yuan ($2,169) per tonne on Monday July 13, up 370 yuan per tonne from Friday's close at 14,815 yuan per tonne. The price...Read More

China's ferro-chrome market has been rising, with incremental increases in its annual output since 2015, and that momentum has extended despite the market being faced with a series of challenges in the first half of the year.This includes a wave of Covid-19-related production cuts and the supply disruptions to South Africa's chrome ore and while the market approaches the second half of 2020, the m...Read More

London Metal Exchange three-month base metals prices all closed down on Tuesday July 14 after a sell-off across US equities and weaker than expected Chinese data put a block on any upward price momentum. China trade balance data released earlier today was 329 billion for June against a forecast of 410 billion for the period and down from 443 billion in May.And US-China sentiment has become ev...Read More

Robust demand for aluminium in China has supported the Shanghai Futures Exchange aluminium price into July and analysts expect it to maintain strength at least until the end of August. The SHFE front month aluminium contract soared to a three-and-a-half-year high of 15,185 yuan ($2,169) per tonne on Monday July 13, up 370 yuan per tonne from Friday's close at 14,815 yuan per tonne. The price...Read More

The $21 level is much more important than the $18.50 level. When silver finally BREAKS the $21 level, it can move up to $27.50 very quickly... by Steve St Angelo of SRSrocco ReportNow that the silver price has broken through the important $18.50 level, will it reach $21 during this current rally? Silver was up 70 cents for the day (Monday). However, after Dallas, Fed President Kaplan anno...Read More

Seaborne premium hard coking coal prices declined on Tuesday July 14 after several transactions were concluded at lower prices, with sources reporting a burst in trading over the day following inactivity last week. Fastmarkets indicesPremium hard coking coal, fob DBCT: $111.11 per tonne, down $1.38 per tonne Premium hard coking coal, cfr Jingtang: $121.57 per tonne, down $1.54 per tonneHard coking...Read More

Silver breaks through the 19 dollar barrier, and gold is also strong...by Harvey Organ of Harvey Organ BlogJULY 13//SILVER BREAKS THROUGH THE 19 DOLLAR BARRIER TO $19.36//GOLD ALSO STRONG: UP $12.50 TO $1811.30//GOLD TONNAGE STANDING AT THE COMEX: 21.816 TONNES//SILVER COMEX FUTURE/SPOT (CASH) = 43 CENTS PER OZ//CHINA VS USA RHETORIC ESCALATES// LOOKS LIKE THE FBI HAS A FEW WUHAN LAB WORKERS WHO D...Read More