The gold price made a new 2020 high today and looks poised to take out the nominal all-time high around $1,920 and then challenge $2,000 in the months ahead. Some are even estimating that gold could climb to $3,000 by year-end on account of the nearly $10 trillion in new money/debt/stimulus that is being created in the US alone to fight the pandemic.This 2020 gold price target of $3,000 is a littl...Read More

"It is better to have and not need than to need and not have."- Franz KafkaUnderlying Conditions That Could Cause a CrisisI first wrote this guide in 2008, as the financial markets started to fall apart. I had concerns that the fiat fractional reserve monetary system could collapse, with bank runs, a dollar crash, supply chain disruptions, and rioting. The FED came to the rescue and pledged taxpa...Read More

The gold price bottomed in late 2015 around $1,050 per ounce. It has since advanced to a high of $1,555 in early September, followed by a pullback to the current price of $1,470. Gold is in a well-defined uptrend channel with higher lows and recently higher highs. The breakout above $1,360 this summer was significant and we have seen follow-through buying. The $420 move in the price of gold from...Read More

Cannabis markets haven't been doing so well lately.There has been an industry-wide correction that is still inplay after the mania that took place in 2018. We remain bullish on the sector in the long-term as the industry matures and more states legalize cannabis. And right now, there's an amazing opportunity unfolding.We've identified a way to buy shares of one of the top US cannabis stocks at a d...Read More

The stock market is rallying and precious metals are correcting sharply today. The prevailing trade is risk-on once again. The main driver is news that the U.S. and China said they would hold talks in Washington during early October, reigniting hopes for an eventual trade truce. But anyone paying attention knows how this works.With the market rally sputtering, failing on three attempts to break ou...Read More

Gold and Bitcoin are becoming correlated for the first time in historyStocks in the US are beyond overvaluedThe Fed may ease monetary policy furtherThe US Dollar is losing reserve currency statusGold continues hitting record highs against major fiat currenciesSafe-haven assets are seeing massive capital inflows. This has been forecasted for a long time by many people, including GSB and its readers...Read More

Gold has picked up where it left off on Friday. The safe-haven metal has spiked $20 higher above $1,550 in early Asian trading. It is now near the top-end of the short-term trend channel and the RSI is overbought, but the fundamental drivers of the price advance appear to be accelerating.Silver is also rallying strongly, up 30 cents to $17.70. This represents a gain of 1.7% vs. gold at 1.3%. The s...Read More

Bakkt is set to launch on September 23rdBitcoin hash rate reached a new ATH this month ahead of halvingNew Zealand tax authority lets citizens receive crypto salariesBTC/USD bull market is far from overAugust 2019 has been full of positive crypto news so far. The Bakkt launch will bring legitimacy to crypto and attract additional institutional capital. The BTC hash rate hitting a new all-time high...Read More

The three-month price of tin on the London Metal Exchange was higher at the close of trading on Monday July 27, at its highest settlement price since July 2019 in a 2.2% rise on the day, with lead futures following upward despite a sizable 10,000-tonne stock inflow.Tin's outright price on the LME closed at $18,035 per tonne on Monday afternoon, climbing by more than 2% from an intraday low of $17,...Read More

Seaborne iron ore prices were down on Monday July 27, prompted by uncertainty over the short-term outlook due to escalating political tensions between the United States and China, according to trade sources. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $107.68 per tonne, down $1.71 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $109.66 per tonne, down $1.90 per tonne. 58% Fe fines hi...Read More

The price of seaborne premium hard coking coal in the fob market went up on Monday July 27 in the latest transaction. While Chinese demand for seaborne materials was constrained by the country's import restrictions, markets outside of China were showing signs of recovery.Fastmarkets indicesPremium hard coking coal, fob DBCT: $109.38 per tonne, up by $1.16 per tonnePremium hard coking coal, cfr Jin...Read More

This Silver Rally is different than the previous ones, and with the current momentum, we may see another leg higher this week.... by Steve St Angelo of SRSrocco ReportSomething BIG happened to silver last week. Due to certain positive indicators, I believe silver is now in a new Bull Market. It has been seven long years since the silver price was $23. And with the current momentum, we may s...Read More

With Silver "Seemingly" breaking free from the continual price suppressors, people are wondering HOW HIGH it could go. Hang onto your hats!by Bix Weir of Road to RootaWith the price of Silver "Seemingly" breaking free from the continual price suppressors many people are wondering HOW HIGH IT COULD GO...Hang onto your HATS!Read More

The three-month price of tin on the London Metal Exchange was higher at the close of trading on Monday July 27, at its highest settlement price since July 2019 in a 2.2% rise on the day, with lead futures following upward despite a sizable 10,000-tonne stock inflow.Tin's outright price on the LME closed at $18,035 per tonne on Monday afternoon, climbing by more than 2% from an intraday low of $17,...Read More

Domestic prices for hot-rolled coil in Northern Europe increased day on day on Monday July 27 despite a seasonal decline in demand, sources have told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was calculated at ?,?409.66 ($477.38) per tonne on Monday, up by ?,?1.45 per tonne from ?,?408.21 per tonne on July 24.Monday's index was based on deals heard...Read More

Will a call via social media for "more nickel" give a jolt to the electric vehicle (EV) revolution that has been stalled by the Covid-19 pandemic? Or will suppliers find themselves unable to fulfil the dreams of entrepreneur Elon Musk?The three-month price of nickel on the London Metal Exchange has jumped by 6% since Musk, chief executive officer of EV producer Tesla, made a public plea for global...Read More

Primary aluminium stocks at the three main Japanese ports (MJP) of Osaka, Nagoya and Yokohama rose by 2.6% month on month at the end of June, according to data released by major Japanese trading house Marubeni Corp. Total aluminium stocks at the three ports stood at 347,300 tonnes on June 30, up by 8,800 tonnes from 338,500 tonnes at the end of May, figures released on Monday July 27 showed. This...Read More

Many Chinese importers have become wary of logistics and customs clearance uncertainties, which has resulted in a widening of the price spread between recycled product and refined copper so far in July 2020."Although offer prices of copper scrap are lower now, we are not at [the level of] the spot market," a copper scrap consumer source said.Fastmarkets assessed the price of copper scrap No2 coppe...Read More

RAPAPORT... The Gemological Institute of America (GIA) has teamed up with IBM Research to develop an automated system for grading the clarity of a diamond.The artificial intelligence (AI) technology uses data from tens of millions of diamonds GIA laboratories have examined in the past, applying the institute's existing grading standards. It's already in limited use at the GIA's New York and C...Read More

RAPAPORT... Baselworld owner MCH Group has established Houruniverse, a new trade fair for the watch, jewelry and gemstone industries that will run virtually throughout the year and feature an annual live event.Buyers and sellers can use the show's website to network and exchange information during the year. The live event, which will replace the canceled Baselworld show, will take place in Ap...Read More