Gold investment demandremains strong, buoying the yellow metal and its miners’ stocks.  Investors have continued actively diversifyinginto gold despite soaring stock markets and weaker summer seasonals.  The Fed’s extreme money printing fuelingthese precarious stock-market heights is perilously inflationary, making uppinggold portfolio allocations essential.  Thisongoing...Read More

Here are five Fastmarkets stories you might have missed on Wednesday June 17 that are worth another look.The European Commission (EC) has outlined plans to regulate access of foreign investors in the single market of the European Union, the commission said on its website on June 17.European Aluminium has called on the European Commission (EC) to address the distorting effects of foreign subsidies...Read More

Although the gold to silver ratio has tightened a bit, it remains elevated and could indicate more upside for silver, according to McAlinden Research Partners.Silver and silver miners popped in May on the back of a rebound in industrial activity around the world. Ultra-low interest rates and expectations of a weaker dollar have compounded several political pressures that begun popping up at the en...Read More

Here are five Fastmarkets stories you might have missed on Wednesday June 17 that are worth another look.The European Commission (EC) has outlined plans to regulate access of foreign investors in the single market of the European Union, the commission said on its website on June 17.European Aluminium has called on the European Commission (EC) to address the distorting effects of foreign subsidies...Read More

By Daniel R. Amerman, CFAWhile stocks were performing very poorly in the early days of the pandemic shutdowns, gold was doing quite well. There was another crisis investment that was doing even better however, as can be seen in the graph below, which shows price changes in percentage terms when compared to mid-February.Stocks are the green line, gold is the yellow line, and the red line is the p...Read More

By Jim Willie CB home: www.Golden-Jackass.com (new website) subscribe: Hat Trick Letter Jim Willie CB, editor of the "HAT TRICK LETTER" Use the above link to subscribe to the paid research reports, which include coverage of critically impo...Read More

At Eric Sprott's urging, we've been monitoring the daily abuse of the Exchange For Physical process since late 2017. However, since late March, the daily totals have fallen off dramatically. Why?Again, the "Exchange For Physical" process is an arcane feature of the COMEX futures market that allows a party to exchange a contract for "physical metal" off-exchange, usually in London. Abuse of this...Read More

Dave Kranzler, Investement Research Dynamic's Mining Stock JournalThe stock market promoting mainstream media this morning reported "U.S. Retail Sales Rose Record 18% in May" (e.g. the Wall St Journal). The S&P futures jumped from up 45 points to up 90 points.But, as usual, the details are in the fine print of the report itself, and it's apparent that nobody in the financial media bothered to...Read More

Stewart Thomson, Graceland Updates 1. Gold investors are eager to see the current price reaction end and a fresh uptrend begin. Oscillator buy signals, rising volume, and bullish price patterns are beginning to appear in some gold stocks, and that's a good sign. 2. Please click here now. Double-click to enlarge this daily gold chart. The best word to summarize both the fundament...Read More

By: Ira EpsteinGold 1706.20 support, swingline in gold's favor. 18-dma at 1728 area:Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.US prices continue to hold Seamless oil country tubular goods (OCTG) and line pipe prices remained unchanged for the third straight month in June, and we expect them to remain stable through the summer before edging higher on the back of a measured rise in drilling rates.The lack of price movement in recent months does not i...Read More

Prices for hollow steel sections in Europe continued to move down on Wednesday June 17, with feedstock prices continuing to fall ahead of the imminent renewal of the EU's import quotas, sources told Fastmarkets.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?540-560($610-633) per tonne on Wednesday, down from ?,?550-560 per tonne a week e...Read More

The three-month nickel price was the worst-performing LME base metal at the close of trading on Wednesday June 17, with a 1.3% downturn, while a steady climb in zinc futures saw it overcome nearby resistance. Nickel's outright price on the London Metal Exchange closed at $12,871 per tonne on Wednesday afternoon, with selling pressure seeing it fall from an intraday high of $13,045 per tonne,...Read More

Here are five Fastmarkets stories you might have missed on Wednesday June 17 that are worth another look.The European Commission (EC) has outlined plans to regulate access of foreign investors in the single market of the European Union, the commission said on its website on June 17.European Aluminium has called on the European Commission (EC) to address the distorting effects of foreign subsidies...Read More

BHP has appointed David Lamont as its new chief financial officer effective December 1, 2020, ahead of the departure of the current CFO Peter Beaven, the company announced on Wednesday June 17.Currently Lamont is the CFO of the Australia Stock Exchange-listed biotech company CSL, a position he has held since January 2016.Read More

At 5,500 meters above sea level, a team of four from a major Chinese zinc smelter was driving up a snowy mountain in the summer of 2018, on their way to the country's largest known zinc-lead deposit - the Huoshaoyun deposit southwest of Hotan County in the Xinjiang Uyghur Autonomous Region.But the field trip came to an abrupt end when the team was just two hours away from the site.  "We...Read More

The three-month nickel price was the worst-performing LME base metal at the close of trading on Wednesday June 17, with a 1.3% downturn, while a steady climb in zinc futures saw it overcome nearby resistance. Nickel's outright price on the London Metal Exchange closed at $12,871 per tonne on Wednesday afternoon, with selling pressure seeing it fall from an intraday high of $13,045 per tonne,...Read More

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday June 17.Please click...Read More

Seaborne iron ore prices weakened on Wednesday June 17 amid concerns over the demand outlook for steel products.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $104.09 per tonne, down $0.76 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $106.43 per tonne, down $1.37 per tonne. 58% Fe fines high-grade premium, cfr Qingdao: $92.78 per tonne, down $1.23 per tonne. 65% Fe Brazil-o...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.Aluminium: Demand outlook revisedWe are not surprised to see aluminium prices retreat from last week's high after flagging up in recent reports that they had become overbought. 'Sell-the-rally' traders will be targeting the April high now, down at $1,534 per tonne. This week we have reviewed our aluminium demand forecasts fo...Read More