Nevsun reports a large copper/gold resource at Timok Lower Zone.Yamana declares commercial production at Cerro Moro.Wheaton lands a cobalt stream.A look at the top news in the gold mining sector for June 2018.Here's a monthly recap of the top news in the gold mining sector, including acquisitions and takeover announcements, financial results and other relevant updates, to keep readers up-to-date o...Read More

Please Note: US markets are closed tomorrow for Independence Day. CloseGain/LossGold $1252.90+$12.70Silver$16.01+$0.16XAU82.87+2.17%HUI177.08+2.07%GDM626.20+1.68%JSE Gold1072.39+12.19USD94.57-0.42Euro116.64+0.42Yen90.55+0.28Oil$74.14+$0.2010-Year2.829%-0.035T-Bond145.4375+0.6875Dow24174.82-0.54%Nasdaq7502.67-0.86%S&P2713.22-0.49% The Metals: Gold chopped near unchanged in Asia, but it the...Read More

By Craig HemkeIt has been a painful start to the summer for gold traders and investors, particularly for yours truly. Though we anticipated the correction that began back in April, we never fully expected it to extend for as long and as deep as it has run. However, this post from mid-May clearly lays out that $1235 COMEX gold was at least a "possibility". o https://www.sprottmoney.com/Blog/the-g...Read More

Beginning in early Spring, gold and silver faced two serious headwinds: Seasonality - that is, the annual decline in bullion demand from China and India once wedding season ends - and the internal structure of the futures markets, where the big players in gold had lined up in ways that historically point towards weak prices for a while. Both of these negatives are still in place (hence the smack...Read More

Graceland UpdatesBy Stewart Thomson 1. Charts don't make fundamentals, but fundamentals do make charts. That's because market fundamentals create liquidity flows. Those liquidity flows create technical action on the charts.2. Please click here now. Double-click to enlarge this important daily gold chart.3. When market technical indicators like RSI, MACD, and Stochastics...Read More

By USAGOLDSummer, 2018 On the law of long-term time preference and gold ownership"The Law of Long-Term Time Preference - Those who plan, invest and execute long-term win. Win-win decisions, looking to the long term with short-term work and sacrifice, are historically the tickets to success in all areas of life - short-term sacrifice for long-term benefits, deferred gratification rather than inst...Read More

By Steve St. AngeloThe world is standing at the edge of the financial abyss while most investors are entirely in the dark. However, specific indicators suggest the market is one giant RED BLINKING LIGHT. One of these indicators is the amount of margin debt held by investors. What is quite surprising about the level of investor margin debt is that it has hit a new record high even though th...Read More

Source: Jack Chan for Streetwise Reports 07/02/2018 Jack Chan's updated charts for the precious metals markets include a look at how the Canadian dollar relates to gold and silver prices. --> Our proprietary cycle indicator is down. The gold sector is on a long-term buy signal. Long-term signals can last for months and years and are more suitable for investors holding for long term. The gol...Read More

By David HaggithEven the best day of the year for stocks in the United States struggled to pull this market into better shape. While summer is a down period overall for stocks, July 2nd holds the position of being historically the most bullish day of all for the S&P 500. Why? The S&P 500 shows an average return of +.32% on July 2nd and is, at least, positive 83.33% of the time. The Dow turns in...Read More

Dear Friend of GATA and Gold:GoldCore's daily blog today reprints analysis by Jim Rickards in his latest Gold Speculator letter arguing that the great "global monetary reset" often speculated about is already underway, as indicated by the recent close correlation between the gold price and the International Monetary Fund's super-currency, the Special Drawing Right, which began shortly after the...Read More

What a fall! The price of gold dropped about $100 since mid-April, or about $50 since mid-June. What is happening in the precious metals market? World Is Dangerous, but Gold Falls in Q2 Let's analyze the chart below. As one can see, the second quarter of 2018 was not good for gold. The yellow metal lost almost 6 percent. June was particularly negative for gold, which dropped more than 4 percen...Read More

Via GEFIRA,The new Italian government will increase public spending and public debt.It promised to reduce taxes, introduce basic security and reform pensions. Italy's Northern League's leader Mateo Salvini surged in the polls and the party is now the strongest in Italy.A couple of years ago it was inconceivable that this regional group could become Italy's leading political party. We should exp...Read More

Gold needs to trade over $1236 for the whole day to prevent a crash. Silver needs to trade over $15.60 to prevent a sell off. Copper needs to trade over $2.91 to prevent a sell off. Crude oil will zoom if it manages to break and trade over $75.20. Trading volumes in the USA session will reduce. Financial markets will not sleep. Volatility will remain on the higher side. Economics & Trump trade...Read More

Novolipetsk Steel (NLMK) has reduced its rebar prices for Russia's Central region, following similar action by fellow steelmaker Severstal, which decreased its offers last week.Metal Bulletin's domestic prices for Russian 12mm A500C rebar narrowed downward on July 2 by 1,000 roubles per tonne to 37,000-37,500 roubles ($585-593) per tonne cpt Moscow, including...Read More

Zinc prices on the London Metal Exchange struggled at the close of trading on Tuesday July 3, falling 1.1% over the afternoon and dipping below $2,800 per tonne for the first time since August 2017 amid broadly bearish trading conditions. "The base metals complex this morning remains uninspiring, with most metal prices struggling to attract dip-buying interest. The LME zinc price is still trading...Read More

CIS export rebar and wire rod prices remained largely unchanged in the week ended Monday July 2 because buying activity was reduced.Metal Bulletin's weekly assessment of rebar export prices from the CIS widened downward by $5 per tonne to $545-575 per tonne fob Black Sea on July 2.There were not many offers of rebar because most mills have almost closed their order books for July.Several market pa...Read More

Prices in the steel billet export market in the Black Sea region continued to fall on Tuesday July 3, with customers in the major outlets still showing little interest in imported material.Metal Bulletin's CIS billet export index was $510 per tonne fob Black Sea on Tuesday, down by $6 per tonne day-on-day.Offer prices of the material varied mainly within the range of $515-520 per tonne fob Black S...Read More

The latest news and price moves to start the Asian day on Wednesday July 4.Zinc prices on the London Metal Exchange struggled at the close of trading on Tuesday July 3, falling by 1.1% during the afternoon and dipping below $2,800 per tonne for the first time since August 2017 amid broadly bearish trading conditions. Read more in our live futures report.Here are how prices looked at the close of t...Read More

The latest metal markets news and price moves for the start of the North American day on Tuesday July 3.Base metals on the London Metal Exchange edged higher during morning trading, supported by a downtick in the dollar index, while turbulent trade relations between the United States and major economies continue to destabilize commodities.Here's how base metals prices looked at 11:56am London time...Read More

   •  After hitting fresh YTD lows, the precious metal stages a solid rebound from a short-term descending trend-channel support and amid near-term oversold conditions.    •  The up-move, however, hasn't been supported by short-term technical indicators and could be solely attributed short-covering led by a modest USD retracement.    •&nbs...Read More