Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Monday June 18. Three-month base metals prices on the London Metal Exchange were broadly down during Asian morning trading on Monday, with a stronger dollar weighing on the complex. The dollar index rose considerably last Friday, surpassing its previous 2018 high with a jump to 95.14 - its hig...Read More

 CloseGain/LossGold $1278.40-$2.10Silver$16.44-$0.15XAU82.38-0.24%HUI177.84-0.02%GDM620.62+0.02%JSE Gold1064.91+16.27USD94.79+0.02Euro116.21+0.12Yen90.57+0.14Oil$65.85+$0.7910-Year2.920%-0.005T-Bond144.5625+0.0625Dow24987.47-0.41%Nasdaq7747.03+0.01%S&P2773.75-0.21%  The Metals: Gold waffled between $1282.40 and $1277.10 and ended with a loss of 0.16%. Silver chopped between...Read More

 CloseGain/LossGold $1278.40-$2.10Silver$16.44-$0.15XAU82.38-0.24%HUI177.84-0.02%GDM620.62+0.02%JSE Gold1064.91+16.27USD94.79+0.02Euro116.21+0.12Yen90.57+0.14Oil$65.85+$0.7910-Year2.920%-0.005T-Bond144.5625+0.0625Dow24987.47-0.41%Nasdaq7747.03+0.01%S&P2773.75-0.21%  The Metals: Gold waffled between $1282.40 and $1277.10 and ended with a loss of 0.16%. Silver chopped between...Read More

TECHNICAL SCOOPCharts and commentary by David ChapmanPhone: 416-523-5454 Email: david@davidchapman.comTwitter: @Davcha12June 18, 2018"The acquisition of Canada this year, as far as the neighborhood of Quebec, will be a mere matter of marching; & will give us experience for the attack of Halifax the next, & the final expulsion of England from the American continent."- Thomas Jeffe...Read More

By Gary TanashianFollowing is the opening segment of this week's edition of Notes From the Rabbit Hole, NFTRH 504. For months now we have been tracking a divergence in the key cyclical Semiconductor Equipment segment (I am short AMAT & LRCX) to the broader Semi sector (ref. the most recent article from May 18th here) and this week we put more context to the divergence.A Bull in a China ShopIn li...Read More

By Ricky WenThe second week of June was fairly uneventful as the market did its typical stallfest/shakefest fluctuations against a major level of 2800 from the March high region. Essentially, the market reached a high of 2794.25 intraday on Monday (Jun 11) on the Emini S&P 500 (ES) and then it couldn't sustain the pressure by the end of the day with the 2786 print.This paved the way for our Mo...Read More

Cranbrook, British Columbia - Eagle Plains Resources Ltd. ("EPL":TSX-V, or "Eagle Plains") as project operator, has notified Roughrider Exploration Ltd. ("REL": TSX-V, or "Roughrider") that crews have been mobilized to carry out two separate exploration programs on the Brownell Lake (VMS-polymetallic) and Olson (gold) exploration properties located approximately 120km east of La Ronge, Saskatche...Read More

By Hubert Moolman The pressure on the current monetary establishment has been building steadily. Just because gold and silver has not made a major move up, does not mean that the terminal illness of the international monetary system has now gone away. On the contrary, its imminent demise is now more certain, given the various financial confirmations over the last couple of years (see my other w...Read More

Oil prices are up over the past year, which is bad if you're, say, a developing country that imports a lot of the stuff. But the US dollar (aka the petrodollar) is also up, which compounds the problem because oil is priced in dollars. So Brazil, for instance, finds itself buying an appreciating necessity that's priced in an appreciating:Steep Oil and Strong Dollar Make Toxic Brew for Global Econ...Read More

By Keith WeinerWe have been writing about capital destruction. This week let's look at an event which is currently making news. Social Security will begin tapping into its trust fund this year. This happens, as the Social Security Board of Trustees states antiseptically, "four years earlier than projected in last year's report." In other words, the economy is growing by every conventional measur...Read More

By PlungerI hadn't planned on submitting anything this weekend, however in light of Friday's action I felt it may be useful. After Friday's smashing in the commodities and precious metals market many investors are now rattled and may have bailed from the sector already. It is not my purpose to recommend holding or selling, however I would like to lay out for you what is going on beneath th...Read More

The Texas Bullion Depository officially opened for business this week. The creation of the facility represents a power-shift away from the federal government, and sets the foundation to undermine the Federal Reserve's monopoly on money.In June 2015, Gov. Greg Abbot signed legislation creating the state gold bullion and precious metal depository. The facility will not only provide a secure p...Read More

Producing and then trading metal used to be the purview of just a few, with the supply chain more typically separated into silos and companies making occasional forays into different areas. But as the line between producer and trader has become increasingly blurred, the differentiator between companies is becoming the services they provide. As Christophe Allain, group portfolio director for non-fe...Read More

Gold and silver prices jumped to new highs versus the US dollar on Thursday (breaching the $1300 and $17 per-ounce marks respectively), despite the fact that the Federal Reserve hiked interest rates and also stated that there could be further hikes in the coming days.The very next day, however, gold and silver prices fell to $1,289 and $16.95, after the U.S. government stated that it will start im...Read More

One of the takeaways from LME Asia Week 2018 last week in Hong Kong was that changes in trading patterns, against the backdrop of rising algorithmic, computer-driven business, have resulted in a marked drop in average transaction sizes. But does this mean that the electronic platform, LME Select, and "one-lot wonders" are the way forward for metal traders and the industry, and that larger business...Read More

With uncertainty continuing to surround the US' sanctions on Russian producers, specifically Norilsk Nornickel, Lord Copper explores the unpredictability surrounding prices and the parties involved.The drumbeats around Nornickel are getting louder. There is a sense that the sanctions net might be starting to tighten. The Times correspondent in Norilsk has produced a few pieces of general backgroun...Read More

Peter KrauthGold prices took a hit at the end of last week. But now isn't the time to worry. It's entirely normal in the wake of a rate hike, and we know higher rates are a long-term catalyst for the price of gold. Plus, rising economic uncertainty will send traders flooding into gold…Things played out in the gold and dollar markets pretty much as expected last week when the U.S. Federal Res...Read More

SHANGHAI, Jun 19 (SMM) – This is a roundup of global macroeconomic news last weekend and what is expected today.Last weekendAs US-Sino trade tension grew, the appetite for risk shrank and suppressed the increase in the US dollar index on Monday. The index closed at 94.742 on Monday.LME metals saw mixed trading on Monday. LME lead rose 1.27%, aluminium gained 0.72% while nickel dropped 1...Read More

Gold prices are far from shining right now.  Gold prices are modestly higher in early U.S. trading Monday, on a corrective, short-covering bounce after sharp losses Friday that saw the market hit a six-month low. There is also some risk aversion in the marketplace today that might also be giving gold some mild support. August Comex gold futures were last up $3.70 an ounce at $1,282.20. July...Read More

   •  Reviving safe-haven demand, led by escalating US-China trade tension, eased the bearish pressure and helped bounce off YTD lows.   •  The commodity remains well below short/medium/longer-term moving averages and hence, any meaningful recovery might be seen as an opportunity to initiate fresh bearish positions.    •  A medium-te...Read More