By Ira EpsteinGold bounces but has no zip to it. https://iraepstein.com/ Read More

Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort202,915106,40356,882161,475275,599421,272438,884Change from Prior Reporting Period 10,16333,8918,5142,059-24,40420,73618,001Traders17991885050273193 Small Speculators LongShortOpen Interest 47,07329,461468,345 -1,0861,64919,650 non reportable positionsChange from the previous rep...Read More

The gold miners' stocks are drifting listlessly in the summer doldrums, largely forgotten by investors and speculators. They are missing a fantastic opportunity to buy low in this barren sentiment wasteland when no one else wants to. The gold stocks remain exceedingly cheap relative to the metal which drives their profits, and they continue to establish a strong technical base. They are re...Read More

By Gary TanashianIt has been a while since we've had a 3 Amigos update because a) Italy and global tariffs noise aside, nothing much has changed with the macro and b) I felt my 'image-based metaphorical content to straight content' ratio was getting a little excessive. So I gave it a rest.Now it is time again for an update of these important macro riders in order to touch base with their signals...Read More

By Gary ChristensonMiles Franklin sponsored this article.Most sane individuals believe these basic truths.We cannot borrow our way out of debt.We cannot spend our way into prosperity.We cannot tax ourselves into wealth.We trust sane individuals also understand the following.We can't fix an excessive debt problem with more debt. (Central bankers disagree...)We can't support a more expensive milit...Read More

Yields are rising. The global economy has adapted so far without any major problems. So far. But how long can this last? And what does it ultimately mean for the gold market? Let's look at the chart below. As one can see, the U.S. long-term interest rates have been rising since September 2017. And they breached 3 percent in the second quarter of 2018, attracting investors' attention all over th...Read More

Home prices are still rising pretty much everywhere in the US, with California as usual leading the way. State-wide, the median CA home is now above $600,000, up 9% year over year. In San Francisco County, homebuyers are paying an average of 18% above the asking price, and price per square foot is now more than $1,000. Even Silicon Valley residents, who are used to this kind of thing, are findin...Read More

"Fed is tightening into weakness and will eventually over-tighten and cause a recession""More inflation and a weaker dollar" is "the perfect environment for gold"Geopolitical shocks will return when least expected and gold will soar in flight to safetyby James Rickards for the Daily ReckoningRising interest rates are positive for goldSource: NY Fed for Fed Funds Rate, LBMA.org.uk for Gold PM f...Read More

Base metals on the London Metal Exchange ended mostly higher on Friday June 22, mounting a sustained fightback against the week-long dollar rally that fueled downward momentum across the complex.Nickel's three-month price finished above $15,000 per tonne and up 5% on its weekly low of $14,580 per tonne on June 19.With price rises supported by a downtrend in LME inventories - they are at their lowe...Read More

Key data from the pricing session in the week ending Friday June 22. China  China's ferro-chrome prices jumped this week amid massive production stoppages in Ulanchabu, Inner Mongolia, started this week and because of worries that South African supply will be affected by electricity supply disruptions, but the spot market saw thin deals because market participants are waiting for July tenders...Read More

Full Article: Summer's Golden Opportunity - The Bottom is NearBy: Lorin RiuttaI have been trading the gold sector for income since the late 90's, and I've learned there is a pattern that repeats itself. Once recognized, it provides a major opportunity for short term gains. This opportunity is not meant for my long term buy and hold portfolio. But for me, it is perfect for trading prices moves in...Read More

The latest metal markets news and price moves to start the North American day on Friday June 22.Nickel prices on the London Metal Exchange gained momentum during morning trading, edging 1.9% higher while copper, lead and tin prices also found support.Nickel's three-month price topped the broadly positive trading across the complex, despite a strong appreciation in the US dollar dampening sentiment...Read More

Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Friday June 22.Zinc prices on the Shanghai Futures Exchange declined by more than 2% during Asian morning trading on Friday, tracking the weakness seen on the London Metal Exchange in the previous session.The most-traded August zinc contract dropped to 22,780 yuan ($3,507) per tonne as at 10.1...Read More

Metal Bulletin reviews the major stories that have affected the steel market over the past week.Pig iron exporters from the Commonwealth of Independent States (CIS) have logged four consecutive weeks without large bookings from the key outlets of the United States and Italy.The seaborne coking coal market weakened amid lackluster trading and bearish sentiment.Turkey's ferrous scrap import market r...Read More

   •  A follow-through USD retracement helps build on overnight rebound from 6-month lows.   •  Global trade war fears revive safe-haven demand and provide an additional boost.   •  Positive equities/goodish pickup in the US bond yields might keep a lid on any strong up-move. Gold built on overnight rebound from six-month lows and continu...Read More

One simple chart for tonights intro, (H/T safewealthadvisory.com for the above chart.)Bullish sentiment among market advisors now sits at 13%!People have given up on GOLD, and we know what that means as a contrarian indicator.When everyone hates a market, it's time to buy.Much like the Rothschild analogy for investing,When there is blood on the streets, buy property!Well, GOLD bulls are feeling ba...Read More

Ghanaian authorities have approved a $185-million partnership between South Africa's Gold Fields (JSE, NYSE: GFI) and Canada's Asanko Gold (TSX: AKG) aimed at developing one of the West African country's newest gold mine.The Ghanaian Minister of Lands and Natural Resources' approval, said the companies, was the main hurdle they needed to clear to complete the previously announced joint venture dea...Read More

As the world continues to see economic improvements, specifically within the US and major global markets, Gold and Silver are relegated to an after-thought by investors.   Why consider Gold or Silver when the NASDAQ or S&P leaders are rallying 2%+ per week?Well, the recent G7 meeting and President Trump’s meeting with Kim Jung Un in Singapore may spark a little interest in thes...Read More

SHANGHAI, Jun 22 (SMM) – Nonferrous metals futures saw mixed trading today as SHFE nickel led the gains with a rise of nearly 1.9%. Copper and aluminium inched up, while zinc slumped nearly 1.3%. Other base metals edged down.   The ferrous complex, except for iron ore, dipped across the board. Coking coal lost almost 2%, coke dropped over 1.4%, rebar closed nearly 1.3% lower,...Read More

There is considerable extensive research and lots of articles written about gold vs. stocks. Sometimes, that is done in order to support or justify the argument that stocks are a better, long-term investment than gold. And the results seem to indicate that.Except that gold is not an investment.Gold is real money and a ‘store of value’. Its fundamentals have nothing to do with the funda...Read More