"Facial coverings over the nose and mouth must be worn in business establishments and other public settings where there is a roof overhead." Continue...Read More
"We expect silver to be relatively more resilient than gold due to its lighter spec positioning." Continue...Read More
With the recent stock rally, investors have become more nervous. People are actively seeking out hedges that might perform well in a range of scenarios.Continue...Read More
The European Commission (EC) will skip the implementation of provisional measures into an anti-subsidy case on hot-rolled (HR) flat stainless steel originating from China and Indonesia, Fastmarkets understands. "The Commission informs interested parties that it will not impose provisional measures. The investigation will be continued," the EC said on June 18.The provisional measures were supposed...Read More
Brazil's steel use dropped by a quarter year on year in May, after Covid-19 restrictions led to a slump in both supplies and demand, the country's steel association, Instituto A??o Brasil, said this week.Apparent steel consumption in the country totaled 1.35 million tonnes in May, down by 24.8% year on year from 1.79 million tonnes in May 2019, the institute said on Thursday June 18.Flat-roll...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort277,39553,04746,087110,922368,942434,404468,076Change from Prior Reporting Period 13,423-2,312-55780715,37013,67312,501Traders20263735256285165 Small Speculators LongShortOpen Interest 55,15921,487489,563 2291,40113,902 non reportable positionsChange from the previous reporting p...Read More
Gold's powerful post-stock-panic upleg hasn't enjoyed buying support from the gold-futures speculators. These influential traders often drive and even dominate major gold-price trends. But they've been subtly selling into gold's sharp recent rally. Their dogged skepticism is actually very bullish for gold in coming months. Gold-futures speculators are amassing big gold-futures-buying f...Read More
- Gary TanashianGold Stock Seasonal AverageThe HUI Gold Bugs index has over the last 2 decades (encompassing both bull and bear markets) tended to bottom in July per stockcharts.com's data for the index. A seasonal average is not a directive, but it is a (+/-) guide to be factored. Last year gold stocks bottomed in May as we caught what would be a violent upswing. This year I expect the low t...Read More
By: Ira EpsteinGold daily bar-chart, you can see a wedge formation:Read More
Use a buy on sharp dips strategy today in gold and silver for next week. Traders will start taking positions for third quarter. I am bullish on gold and silver in July to September period. Only crashing risk (to gold price) is US June nonfarm payrolls on 3rd July comes in positive. 4th July, American Independence day will start the US summer holiday which will end on second week of September. CO...Read More
Brazilian miner Vale and Japan-based Sumitomo Metal Mining Co have agreed to sell 20% of their joint stake in nickel producer PT Vale Indonesia to state-owned Inalum, a necessary step to renew its operating license past 2025, Vale said on Friday June 19.Vale will sell 14.9% of its shares in the Indonesian company, owned through the subsidiary Vale Canada Ltd, and Sumitomo will divest its 5.1% stak...Read More
Spot payables for cobalt intermediates held steady week on week, although buying interest has thinned compared with the beginning of June and May's restocking. Fastmarkets' cobalt hydroxide payable indicator, min 30% Co, cif China was assessed at 65-66.5%of the standard-grade metal price (low-end) on FridayJune 19, unchanged since June 5.The spot market has been less busy since the start of J...Read More
Flat steel import prices increased week on week in South America while the continuing global uptrend made offers from China, Japan and Brazil more expensive.Buyers were starting to reject the current price increases, however, due to end-user demand recovering largely at a slow pace after countries enforced restrictions to limit the spread of Covid-19. Some previously reported offers were being rev...Read More
There was a noticeable dip in trading in the Turkish deep-sea markets in the week ending Friday June 19 although prices remained firm. Slower buying activity was also noted on the Taiwan, Vietnam and Indian markets amid the possibility of lower prices. The US market was the expectation to this. Purchases begin to slow on Turkish marketUS export market reports deals from West and East coastVi...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort277,39553,04746,087110,922368,942434,404468,076Change from Prior Reporting Period 13,423-2,312-55780715,37013,67312,501Traders20263735256285165 Small Speculators LongShortOpen Interest 55,15921,487489,563 2291,40113,902 non reportable positionsChange from the previous reporting p...Read More
Gold's powerful post-stock-panic upleg hasn't enjoyed buying support from the gold-futures speculators. These influential traders often drive and even dominate major gold-price trends. But they've been subtly selling into gold's sharp recent rally. Their dogged skepticism is actually very bullish for gold in coming months. Gold-futures speculators are amassing big gold-futures-buying f...Read More
"I think there will be a full monetary system reset after the world has had enough of Jay Powell and his digital printing press."By: Dave KranzlerThe alleged gold flow into the Comex and amount of gold for which contract longs are taking "delivery" is at a historical extreme. I use "delivery" because "taking delivery" means being assigned an electronic warrant that records ownership transfer of...Read More
- Gary TanashianGold Stock Seasonal AverageThe HUI Gold Bugs index has over the last 2 decades (encompassing both bull and bear markets) tended to bottom in July per stockcharts.com's data for the index. A seasonal average is not a directive, but it is a (+/-) guide to be factored. Last year gold stocks bottomed in May as we caught what would be a violent upswing. This year I expect the low t...Read More
Richard (Rick) MillsDonald Trump appears to have torn a page from Ahead of the Herd's manual for recharging the US economy. In an earlier article we said what the global economy really needs, in this low-growth, spending-stalled environment brought about by the pandemic, is a push - something big that will attract huge amounts of investment, and workers. As we have suggested, this could be...Read More