Full Article: Could A Big Move In The Global Markets Be Setting Up?By: Chris VermeulenOver the past few months, our research team has authored many articles regarding the weakness in China/Asia as well as the recent rotation in the global markets as trade issues, debt issues, the G7 meeting and, more recently, concerns in the US and Europe regarding immigration and political issues create chaos i...Read More
The latest news and price moves to start the Asian day on Thursday June 28.Base metals prices on the London Metal Exchange ended mostly lower at the close of trading on Wednesday June 27, with tin leading the charge with a more than 2% decline. Read more in our live futures report.Here are how prices looked at the close of trading:Comex copper prices were once again facing a bout of selling,...Read More
The latest metal markets news and price moves for the start of the North American day on Wednesday June 27. Base metals on the London Metal Exchange continued to drift lower during morning trading, with ongoing trade uncertainties, a firm dollar and broad inventory drawdowns putting pressure on the complex. Here's how LME prices looked at 12:34pm in London. Hassan Butt had the latest on exchange p...Read More
Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Wednesday June 27.Base metals prices on the Shanghai Futures Exchange remained under pressure from simmering global trade tensions as well as a firm dollar during Asian morning trading on Wednesday, but the complex has benefited from a slight improvement in risk sentiment overnight with most p...Read More
While gold production generates more greenhouse (GHG) emissions per tonne of finished product than many other bulk metals, the relatively small volumes produced each year mean total emissions from newly-mined gold are significantly lower than those generated by other metals, a new study shows.Gold production does generate more greenhouse (GHG) emissions per tonne of finished product than many othe...Read More
$50,000 Seems outrageous but starts appearing saner in the context of John Exter's inverse pyramid.Many things can trigger the unraveling, they all usually come back to Fed.Doug is confident Fed will not raise rates again this year.There will be a time when treasuries begin to crack, then gold and silver will begin to take off.When will $50,000 gold come?The story behind the interview: Doug Eberha...Read More
Emerging markets - Russia in particular - are amassing gold in their foreign exchange reserves.Russia has been actively dumping Treasuries as have several other nations.The US dollar is clearly losing some of its appeal among foreign nations.Some investors may have been looking towards Bitcoin as a safe haven trade and may now rotate into gold now that the cryptocurrency has lost some of its shine...Read More
Bearish pressure persists as US Dollar Index remains on demand. Gold prints fresh year-to-date low, holds above $1250. Gold failed to break above $1260 and turned lower, hitting a fresh multi-month low at $1252.50. Price was hovering slightly above recent lows and holding so far on top of the $1250 area. The bearish pressure persists as the greenback remains strong in the market. US Dollar Index...Read More
SHANGHAI, Jun 27 (SMM) – Nonferrous metals futures mostly rebounded on Wednesday June 27 with SHFE lead leading the gains again with a rise of nearly 2%. Zinc gained 1.6%, aluminium rose 0.75%, and tin inched up. Nickel closed 0.56% lower, and copper went down slightly. The ferrous complex, except for hot-rolled coil, dipped across the board but at a slower pace. Coke fell nearly 1% and...Read More
• Confirms a bearish break through a medium-term ascending trend-line, extending from extending from Jan. 2017 lows through lows touched in July/Dec. 2017. • An occurrence of a death cross on the daily chart (50-day SMA crossing the very important 200-day SMA from the top) adds credence to a fresh bearish breakdown. • Fo...Read More
EconomicsWhy Russia and Turkey Are Such Gold BugsTheir moves out of U.S. debt and into the precious metal could be precursors of a bigger global shift.by Leonid Bershidsky@BershidskyMore stories by Leonid BershidskyRead More
• Resurgent USD demand keeps exerting downward pressure for the third straight session. • Reviving safe-haven demand/sliding US bond yields do little to ease the bearish pressure. • Short-term oversold conditions might now prompt some short-term covering move. Gold continued trending lower for the third consecutive session on We...Read More
Gold fell to $1,253 in Asia - the lowest level since December 18. The RSI fell below 30.00 to show oversold conditions. Gold is likely losing its allure as a safe haven asset. The yellow metal fell to $1,253 in Asia - the lowest level since December 18 despite the rising odds of a full-blown trade war between the US and the rest of the world. Gold is also a currency with limited sup...Read More
Lynette Zang issues a clarification on what happened to the gold to silver ratio during the Weimar Hyperinflation. Here's the details...Lynette Zang from ITM Trading:Link to Slides and Sources:Slide #10https://www.silverdoctors.com/gold/go...CC BY-SA 3.0, https://en.wikipedia.org/w/index.php?...http://foundationsofecon.blogspot.com...http://209.157.64.200/focus/f-blogger...Slide #11https://www.sil...Read More
David Morgan says all manipulations come to an end, and when the silver manipulation ends, there will be a backlash of anger in these ways...David Morgan interviewed on Reluctant PreppersSilver Guru David Morgan, freshly back from G. Edward Griffin's Red Pill Expo in Spokane WA, briefs us on his most impactful takeaways from this leading edge & speaker-packed conference.Morgan also tackles multipl...Read More
Base metals on the London Metal Exchange ended mostly higher at the close of trading on Wednesday June 27, with nickel and zinc prices making a slight recovery from recent lulls while copper and tin prices continue to drift. Falling 0.3% over the afternoon, copper's three-month price closed at a three-month low, ending below $6,700 per tonne for the first time since March 28. The red metal ha...Read More
Going by one of the most popular ways for investors to get exposure to gold, the cost of investing in the precious metal just dropped by more than half. State Street Global Advisors, in conjunction with the World Gold Council, on Tuesday launched the SPDR Gold MiniShares Trust GLDM, -0.54% the latest exchange-traded fund to track the price of gold. And not only does the new ETF do so at a slight d...Read More
Comex copper prices were once again facing a bout of selling with a stronger dollar and the persistent threat of additional tariffs weighing on the red metal. Copper for September settlement on the Comex division of the New York Mercantile Exchange dipped 1.50 cents or 0.5% to $2.9770 per lb. The With trade tensions mounting, commodities continue to face pressure from macroeconomic instability, ty...Read More
Iron ore prices remained largely rangebound on Wednesday June 27, though those for high-grade fines and lumps continued to strengthen.Metal Bulletin 62% Fe Iron Ore Index: $64.60 per tonne cfr Qingdao, down $2.02 per tonneMetal Bulletin 58% Fe Premium Index: $52.49 per tonne cfr Qingdao, down $0.28 per tonneMetal Bulletin 65% Fe Iron Ore Index: $90.60 per tonne cfr Qingdao, up $0.20 per tonneMetal...Read More
Gold prices finished at their lowest level in more than six months on Tuesday, with the precious metal under pressure from gains in the U.S. stock market and a stronger dollar. The June selloff in global risk assets, which was sparked by a fresh round of global trade friction, continued Tuesday in most Asian markets but European stocks mostly advanced and U.S. benchmark stock indexes edged higher....Read More