Comex copper prices traded in negative territory on Thursday June 21 morning in the United States, with threats of an impending trade war between the US and China hanging over the market.Copper for July settlement on the Comex division of the New York Mercantile Exchange inched down 0.70 cents or 0.3% to $3.0330 per lb. The contract is now on a six-day losing streak."Copper has started to consolid...Read More

LUXEMBOURG (Reuters) - The euro zone should accept a higher level of bad loans in banks than the 5 percent suggested by France and Germany to start its common deposit insurance scheme and finish its banking union, IMF head Christine Lagarde said on Thursday.“Everybody agrees that it (the euro zone deposit insurance scheme) is indispensable,” she told a news conference.“The whole...Read More

Jack ChanPosted Jun 21, 2018GLD – on sell signal.***SLV – on buy signal.***GDX – on buy signal.***XGD.TO – on buy signal.***CEF – on sell signal.***GDXJ – on buy signal.***Speculation is in bull market values.COT data is favorable for overall higher prices.Our ratio between gold and gold stocks has been effective in identifying the price action in both bull and...Read More

Craig "Turd Ferguson" Hemke (TF Metals Report) invited me to discuss the possibility that global financial system, including and especially the U.S. financial system is heading into another black hole like 2008. In this conversation we discuss the signs that are pointing in this direction. (To download, right click and "save as")http://investmentresearchdynamics.com/wp-content/uploads/2018/0...Read More

WASHINGTON (Reuters) - President Donald Trump, asked on Thursday whether families crossing the U.S. border with Mexico will continue to face prosecution, said the government must maintain a “tough policy” to prevent millions of people from coming in.“We have to have a very tough policy. Otherwise you have millions and millions of people pouring into our country. We can’t ha...Read More

Unusually quiet trading activity in molybdic oxide and alloys markets has pressured down prices in Europe so far this week, with the prospect of further falls if emerging offer prices for oxide are accepted and while steelmakers appear reluctant to buy alloys in a weakening market, sources said. Metal Bulletin assessed European molybdic oxide prices at $11.10-11.20 per lb in-warehouse Rotterd...Read More

WASHINGTON (Reuters) - U.S. President Donald Trump said on Thursday he is directing government agencies to reunite immigrant families separated after crossing into the United States from Mexico.He made the comment during a meeting with his Cabinet at the White House.Reporting by James Oliphant; Writing by Mohammad Zargham; Editing by Bill Trott Disclaimer: The views expressed in this article are...Read More

Uncertainties in the Chinese stainless steel market, caused by environmental inspections in the downstream supply chain, were the focus of discussions on nickel's price in the second half at the Shanghai nickel forum held by COFCO Futures on Wednesday June 20. Nickel prices volatile in short term, bullish long term Panelists at the Shanghai forum were mainly positive about nickel prices in the lon...Read More

(Kitco News) - Gold and silver prices are down again in early U.S. trading Thursday. Gold set anothersix-month low, while silver fell to a four-week low. An appreciating U.S.dollar on the foreign exchange market continues to hamstring the preciousmetals market bulls. And a deteriorating world trade situation has not yetprovided significant safe-haven support for gold and silver. August Comex gold...Read More

(Reuters) - U.S. stocks fell on Thursday, weighed down by declines in Amazon after the U.S. Supreme Court let states force online retailers to collect sales tax.Amazon declined 0.7 percent and was the top drag on the S&P and the Nasdaq.Adding to the pressure on markets was Germany’s Daimler cutting its 2018 profit forecast and BMW looking at “strategic options” due to an esca...Read More

Uncertainties in the Chinese stainless steel market, caused by environmental inspections in the downstream supply chain, were the focus of discussions on nickel's price in the second half at the Shanghai nickel forum held by COFCO Futures on Wednesday June 20. Nickel prices volatile in short term, bullish long term Panelists at the Shanghai forum were mainly positive about nickel prices in the lon...Read More

Gold prices marked a third straight session decline on Thursday to carve out another low for 2018 as a leading dollar index-lifted in a rising interest-rate environment-tapped its highest level since last summer. August gold US:GCQ8 lost $4, or 0.3%, to settle at $1,270.50 an ounce. Prices finished at their lowest for a most-active contract since Dec. 20, according to FactSet data. Among exchange...Read More

UC Rusal has restarted its Friguia alumina refinery in Guinea more than six years after production was halted, the company said on Thursday June 21. Friguia has an annual nameplate capacity is 650,000 tonnes of alumina and 2.1 million tonnes of bauxite. Rusal reached agreements with the Republic of Guinea, which provide for the ramp up of production up to 550,000-600,000 tonnes of alumina per year...Read More

Philip Blenkinsop, Edward TaylorBRUSSELS/FRANKFURT (Reuters) - Mercedes-Benz maker Daimler (DAIGn.DE) shocked investors on Thursday with a warning that trade tensions would hit sales, while fears of a “tit-for-tat” trade war grew as Europe readied retaliatory tariffs against the United States.Auto stocks sank to a nine-month low on European markets .SXAP after Daimler cut its 2018 prof...Read More

Spot copper concentrate treatment and refining charges (TC/RCs) jumped up sharply in the first half of June after smelters overcame resistance from traders and miners to sell at higher levels. Metal Bulletin's copper concentrates TC/RC index shot up by $5.40 per tonne/0.54 cents per lb over the past two weeks to $77/7.7 cents on Friday June 15 - its highest level since January, when the index norm...Read More

Matt SpetalnickWASHINGTON (Reuters) - The missile engine test site that President Donald Trump said North Korean leader Kim Jong Un had committed to destroy is a major facility in the western part of the country that has been used for testing engines for long-range missiles, according to a U.S. official.Trump told reporters after their June 12 summit that Kim had pledged to dismantle one of his mi...Read More

Yawen Chen, Se Young LeeBEIJING (Reuters) - China’s commerce ministry on Thursday accused the United States of being “capricious” over bilateral trade issues, and warned that the interests of U.S. workers and farmers ultimately will be hurt by Washington’s penchant for brandishing “big sticks”.Previous trade negotiations with the United States were constructive,...Read More

Metal Bulletin is seeking market feedback on a proposal to publish an all-in price assessment for Chinese cobalt sulfate alongside its existing price assessment for cobalt sulfate, 20.5% min Co, ex-works China. The discount/premium structure of the existing price assessment published as a $ per lb adjustment to the low end of Metal Bulletin's benchmark low-grade cobalt price assessment, launched o...Read More

Lawrence HurleyWASHINGTON (Reuters) - States have broad authority to force online retailers to collect potentially billions of dollars worth of sales taxes, the U.S. Supreme Court ruled on Thursday, siding against e-commerce companies in their high-profile fight with South Dakota.The justices, in a 5-4 ruling against Wayfair Inc, Overstock.com Inc and Newegg Inc, overturned a 1992 Supreme Court pr...Read More

CloseGain/LossGold $1267.40-$2.10Silver$16.31+$0.01XAU80.89-0.43%HUI174.60-0.47%GDM609.68-0.32%JSE Gold1068.94-6.73USD94.82-0.27Euro116.12+0.29Yen91.12+0.39Oil$65.54-$0.1710-Year2.895%-0.041T-Bond143.9375+0.4375Dow2749.76-0.80%Nasdaq7712.95-0.88%S&P24461.70-0.63% The Metals: Gold dropped $8 to $1261.50 by a little after 8AM EST before it rallied back higher throughout most of trade in New...Read More