Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort334,23767,80171,987129,690433,549535,914573,337Change from Prior Reporting Period 4,0322412,3913,7815,62220,20418,037Traders23067895771322198 Small Speculators LongShortOpen Interest 67,22429,801603,138 2,7594,92622,963 non reportable positionsChange from the previous reporting p...Read More
Gold prices surged over $1,900 an ounce on Friday morning -- up over 5% for the week.Gold could hit a new record high as early as today. However, it wouldn't necessarily be a bad thing if the market first pulled back a bit and established a base for its launch to $2,000 and above.https://silverseek.com/article/gold-hitting-all-time-highs-wow-look-silverRead More
We tend to spend a lot of time looking into the rearview mirror, especially when under duress.Connected to this is something psychologists call "recency bias." This simply means that what has happened in the near to intermediate past tends to inform and influence us as to how we should behave in the future.https://silverseek.com/article/gold-and-silver-markets-have-changed-what-about-youRead More
Offer prices for steel billet imported into Southeast Asia have risen sharply over the past week despite more stable prices for cargoes sold into China, market participants told Fastmarkets on Friday July 24.Chinese steel mills have continued to procure imports of billet over the past week but, unlike the preceding seven days, sales prices have stopped rising and have instead settled into a stable...Read More
Dear Friend of GATA and Gold:London metals trader Andrew Maguire, interviewed this week by the TF Metals Report's Craig Hemke for Sprott Money, says the London Metal Exchange soon will offer a gold contract much more closely tied to physical delivery than competing contracts, putting heavy pressure on the "paper gold" system.Maguire also says:-- The gold/silver ratio will reduce to 63-1 and then...Read More
By: Ira EpsteinGold's 18-dma moving up nicely, a very hard break higher. Read More
Momentum is very bullish for gold and silver. Look for signs of weekly profit taking. If gold and silver do not see any weekly profit taking then chances of $1934.40 and $2425 will be very high today. Federal Reserve is Protecting the American brokers by broadened access to three of its lending facilities designed to provide a credit backstop to firms hurt in the coronavirus crisis, allowing bro...Read More
Sprott Money News ? Sprott Money News Weekly Wrap-up - 7.24.20Eric 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 recipie...Read More
Demand from green technology manufacturers, precious metal investors, as well as hampered production due to COVID-19 mine suspensions are all aiding silver."I know the tightness of the market. It's only gonna get worse as we go green," said Keith Neumeyer, founder and CEO of First Majestic Silver (NYSE:AG, TSX:FR), who spoke to Kitco on Wednesday.Keith Neumeyer is the president and CEO of First Ma...Read More
Let the bubble burst!Harry Dent is a Fortune 100 consultant, new venture investor, noted speaker, bestselling author, and the founder and senior editor at Dent Research, where he dedicates himself to identifying and studying demographic, technological, and geopolitical trends. He has a free daily newsletter at www.harrydent.com called "Survive and Prosper." Mr. Dent accurately predicted Japan's co...Read More
Mohamed El-Erian, chief economic adviser at Allianz and a Bloomberg Opinion columnist, says the U.S. economic recovery is "slowing down, leveling off," due to the public engagement concerns of consumers over the ongoing pandemic. Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a gl...Read More
Harley Schlanger's work can be found at LaRouchePAC.com.Read More
The Fed is counterfeiting trillions of dollars. The government has created mass unemployment and is spending way beyond what it takes from us in taxes. While the livelihoods of the American citizens are destroyed, government refuses to shrink. More promises that can't be kept are being made. Gold is starting its engines and heading to record highs. Are the ideas of omnipotent government and centra...Read More
Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, rigid ideology or conventional wisdom,...Read More
Pandemics always cause huge changes...Portfolio Manager, attorney, finance author, a regular guest on North American media. Danielle Park is the author of the best selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," as well as a popular daily financial blog: www.jugglingdynamite.com. Danielle worked as an attorney until 1997 when s...Read More
World crude steel production for the 64 countries reporting to the World Steel Association (Worldsteel) fell 7% year on year in June 2020.Global output was 148.30 million tonnes in June 2020 down from 159.54 million tonnes in the same month in 2019.China contributed the most to global crude steel production both in June and in the first six months of 2020, producing a total of 91.58 mill...Read More
This is a follow up video to the Dollar Index (DXY) video a few days ago. The March 2020 support levels of 94.9 on the Dollar Index did not hold and the Dollar Index is headed back down to 2018 levels and will perhaps test strong support levels just above 89. Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup fina...Read More
Topics:Gold prices tease $1900.Big gains in silver, but that bull market has barely started.CNBC oblivious to what this means for economy.Trend broken of declining unemployment.A dollar crisis is much worse than a financial crisis.Wall Street learned nothing from 2008.My recent appearance with Liz Claman: https://youtu.be/eDDaz6Z108IPeter Schiff is an internationally recognized economist specializ...Read More
When a market is this overbought, there is virtually no room for immediate improvement or upside. Continue...Read More