Gold futures edged higher on Friday, registered a decline for the week as investors focused on expectations for higher interest rates ahead, a headwind for metals, and the U.S. dollar, which has strengthened over the past month. August gold GCQ8, +0.05% tacked on 20 cents to settle at $1,270.70 an ounce, for a weekly slide of 0.6% based on last Friday's closing level. Gold was on track for a mont...Read More

Silversoared recently and white metal’s rally was accompanied by a huge volume. Thosewho are new to the precious metals market will probably immediately view thisas bullish as that’s what the classic technical analysis would imply. Silver isnot a classic asset, though, and classic measures often don’t apply to it. Oneway to check the real implications of a given development is to...Read More

TMT Metals has hired Mark Midgley as executive director to provide advisory services and define new areas of growth, president Dhaval Shah told Metal Bulletin. Midgley, who is based in London, is an industry veteran with significant experience in the ferro-alloy industry, having previously served as marketing director and as head of group strategy for Eurasian Natural Resources Corp (ENRC). Midgle...Read More

In response to our prior Gold analysis, the shiny yellow metal’s trendline folded and a decisive break of $1300 ensued. But since finding support around $1260, can the bears take it to fresh lows? The daily chart clearly shows the magnitude of the bearish break out from compression which had, up until that point, provided a coiling formation between its December 2016 trendline and 200-day av...Read More

Early summer is theweakest time of the year seasonally for gold, silver, and their miners’stocks.  With traders’ attention divertedto vacations and summer fun, their precious-metals interest and investmentdemand wane considerably.  Thus thisentire sector, and often the markets in general, suffer a seasonal lull thistime of year.  But these summer doldrumsoffer the best s...Read More

Latest decline in XAU index is another setback for the gold price.Silver's recent skid is yet another factor why gold can't get traction.Continued dollar strength is main reason for gold's weakness.If it wasn't bad enough that the overpower demand for dollars lately has wreaked havoc on the gold market, gold has also lost two valuable supports. The silver price reversed its recent rall...Read More

Gold (XAU/USD) hourly chart shows the upside break of a falling channel. A corrective rally will likely gather steam if metal finds acceptance above the 50-hour moving average. The long-run outlook remains bearish, the metal looks set to test $1,240. Hourly chart Chart source: Netstation Current Price: $1,267 Daily High: $1,269 Daily Low: $1,266 Trend: Corrective rally likely Resistance R1: $1,...Read More

Crudeoil moved significantly lower after topping at long-term retracement levels andsince the monthly decline took place on big volume (biggest in almost a year),the black gold should move lower. But instead of moving lower this week, itseems to be forming a weekly bullish reversal. The individual daily volumelevels were not low this week, so if the bullish reversal does indeed form,we’ll ha...Read More

Precious metals expert Michael Ballanger discusses silver's mercurial aspects. When I was a young lad, there was a classmate (let's call him "Frankie") in the very early years of my education whose behavior was quite often deemed as "peculiar" and while I found him immensely entertaining, the teaching staff and my fellow students did not entirely agree. Frankie was the kind of kid who would bang o...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 GCQ8, +0.05% 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 exc...Read More

Onthe macroeconomic front, the rapid strengthening of the U.S. dollar has beenthe most important development since the latest edition of the Market Overview.Let’s mull over the reasons behind it and its potential effects on the goldmarket.Asone can see in the chart below, the U.S. dollar appreciated 6 percent against the broad basket of currencies since its bottomfrom the early February. But...Read More

For almost 7 years now, I have been actively engaged in the online community relating to investing opportunities.In fact, my first public article about a specific asset was when I called for a top in gold back in the summer of 2011, when most were certain we were about to easily eclipse the $2,000 mark.However, my expectation was that the $1,915 region would likely put a cap to this rally, despite...Read More

You began investing in precious metals because they represent something honest.Gold and silver are tangible, scarce, and beautiful. People have always recognized them as such. Societies naturally gravitated toward using them as a trusted medium of exchange – money – almost as soon as societies were formed.Over time civilizations have come and gone. The world has seen constant social up...Read More

Gold,silver, and mining stocks moved higher once again yesterday and the former evenmanaged to move above the declining trend channel. Breakouts are bullish andthus the outlook for gold improved significantly… Or did it? Gold’s price interms of the euro and gold’s relative performance to silver and mining stocksmake replying to the above question quite easy. Looking at the relat...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

Comex copper prices continued their downtrend on the last trading day of the week despite the dollar softening. Copper for July settlement on the Comex division of the New York Mercantile Exchange dipped 0.10 cents or 0.1% to $3.0205 per lb. The contract is now on a seven-day losing streak. "We have a bullish outlook on copper. We have a hypothetical long position in copper that we initiated at th...Read More

TIMBER!! That is the standard cry in theforest industry among loggers who cut down giant trees, the warning to stepaside for the great impact. GET READY FOR THE SIMULTANEOUS BANKING CRISIS INTHE THREE BIGGEST EUROPEAN ECONOMIES: GERMANY, FRANCE, ITALY. The United Statesand the London Centre will not be able to avoid the crisis.Try that again. TIMBERRRR !! An event ofmonumental importance and impac...Read More

High-grade fines and lumps continued to outperform other types of materials in the iron ore market on Friday June 22.Metal Bulletin 62% Fe Iron Ore Index: $65.34 per tonne cfr Qingdao, up $0.46 per tonneMetal Bulletin 58% Fe Premium Index: $53.57 per tonne cfr Qingdao, down $0.01 per tonneMetal Bulletin 65% Fe Iron Ore Index: $89.60 per tonne cfr Qingdao, up $1.90 per tonneMetal Bulletin 62% Fe Ch...Read More

Goldmoved lower in May and it’s also down in June, but the price action is far frombeing spectacular. The overall volatility is still very low and the situationin the precious metals sector is simply extremely boring. But with May nowbeing over and with a new month, new factors are likely to come into play andthe odds are that this month will be anything but boring. Especially, if we seethe...Read More

Mike Gleason: It is my privilege now to welcome back Axel Merk, President and Chief Investment Officer of Merk Investments and author of the book Sustainable Wealth. Axel is a highly sought after guest at financial conferences and on news outlets throughout the world and it's great to have him back on with us.Axel, it's a pleasure to have you join us again today and thanks very much for coming on....Read More