Benefits from relentless USD selling across the board. Bulls take a breather ahead of the API crude stockpiles report. Gold futures on Comex staged a solid comeback from the lowest levels seen since July last year, and now looks to regain the $ 1250 mark heading into the US factory orders data.   The yellow metal’s rebound today, is mainly driven by the US dollar slide across its mai...Read More

Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Tuesday July 3.Base metals prices on the Shanghai Futures Exchange were little changed to slightly stronger during Asian morning trading on Tuesday, with a firmer dollar following healthy data releases from the United States putting a cap on any price gains. Lead was the outperformer of the SH...Read More

The bottom could be in.Expect silver to outperform gold in this cycle.Remaining long silver.It was the 21st of May last when we went long both silver (SLV) and the mining complex (GDX). We have a habit of being early at intermediate bottoms, but this one really takes the biscuit. As we can see from the silver chart below, the rally at the start of June ended up being a false dawn. Price quickly co...Read More

Gold (XAU/USD) risk reversals show demand for put options (sell gold) continues to rise.  The one-month 25 delta risk reversals (XAU1MRR) are being paid at 0.525 XAU puts - the level last seen on March 20. About two weeks ago, the risk reversals were flashing a strong XAU call (bullish) bias and were being paid at 1.05 XAU calls.  The options data add credence to the drop in gold to a...Read More

Mike Gleason: It is my privilege now to welcome in Gerald Celente, publisher of the renowned Trends Journal. Mr. Celente is perhaps the most well-known trends forecaster in the world, and it's always great to have him on with us. Gerald, thanks for taking the time again today, and welcome back.Gerald Celente: Thanks for having me on.Mike Gleason: Well, Gerald, the potential for a trade war is the...Read More

The gold miners’ stocksare drifting listlessly in the summer doldrums, largely forgotten by investorsand speculators.  They are missing afantastic opportunity to buy low in this barren sentiment wasteland when no oneelse wants to.  The gold stocks remainexceedingly cheap relative to the metal which drives their profits, and theycontinue to establish a strong technical base. Th...Read More

SHANGHAI, Jul 3 (SMM) – Manganese producers in Songtao county, Guizhou province are likely to resume production in early July after they failed to resume as scheduled in late June as inspections were incomplete. Only one producer resumed operation after inspection, but was suspended again on June 29, SMM learned.  On June 29, the Songtao environmental bureau ord...Read More

Yields are rising. The global economy has adapted so far without any major problems. So far. But how long can this last? Andwhat does it ultimately mean for the gold market?Let’slook 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 thesecond quarter of 2018, attracting investors’ attention all ov...Read More

Precious metals expert Michael Ballanger explains why he believes gold is bottoming. Today's missive is going to be brief as there are no need for words when you have the chart below indicating every major low in gold was accompanied by an RSI reading below 30. GLD (the physical gold ETF) is sporting a 27.46 RSI this morning and while we have seen readings lower than this at other bottoming period...Read More

Even when gold ran to $1,370 in early April, gold mining stocks were trading like garbage. Many of us were baffled at what was going on. Aren't the mining stocks supposed to lead the metals? Well, yes they are and they still do! Apparently the gold/silver shares were trading poorly because they were forecasting a weaker gold/silver price...what a concept!What has definitely been missing with these...Read More

Gold and silver marketsentered this summer with sentiment toward the metals in something of a deepfreeze.For several months, precious metals prices have gone essentiallynowhere. No sustained rallies to attract momentum traders; no washout plungesto attract bargain hunters. The long, protracted stalemate between bulls andbears has frustrated metals investors and, frankly, bored thepublic. As a cons...Read More

Hi everyone,Hope the day went well for you.Tomorrow,the big three central bank heads,will open their mouths and potentially cause havoc!I am on record with my recommendations for how central bank chair persons should be treated when entering office. heres the short form;I think they should be bound and gagged for the duration of their tenure.And be kept away from the public eye completely.The posi...Read More

Just a quick update on a few of the GLD charts we’ve been following closely. Below is the daily line chat which shows the breakout from the blue triangle that formed as the backtest to the larger 5 point bearish falling wedge reversal pattern. The bulls tried as hard as they could but they couldn’t take out the bottom rail of the falling wedge reversal pattern. Friday’s decline w...Read More

The U.S. dollar has jumped to its strongest level in nearly a year, raising questions about how a strong greenback could act as a drag on debt and oil demand in much of the world.The U.S. Federal Reserve announced another rate hike a few days ago, which helped edge up the dollar to a new high for the year. The greenback has “a little room to run,” Kathy Jones, a New York-based chief fi...Read More

Crudeoil’s Friday’s huge daily decline was not followed by yet another daily slide,but by a profound reversal. The price has surely turned by 180 degrees, but canwe say the same thing about the outlook for the following days?No.The volume doesn’t support this outcome and as you’ve seen in the previousseveral days, indications and confirmations from volume are very important...Read More

As we all know a picture says 1000 words, which is one of the reasons why I gravitated to trading using technical analysis. I can look at a chart and in seconds understand what price has done and is likely to do in the near future, without knowing a single thing about the company, index, or commodity. Why spend time reading news, financial statements, and other opinions when you can fast-trac...Read More

LatestPrice – $2552Pattern – we have a pattern of lower lows and lower highs onthis chart signifying a downtrend. Given that price has risen sharply this yearso the question becomes is this the start of a new bull trend? No, not in myopinion. WeeklyChartBollingerBands – price came down to the lower band where support came in and price hasbounced back up to near the middle band. W...Read More

LatestPrice – $159.90. Previousanalysis updated – price has traded exactly as outlined, rallying beforefinding resistance and I now believe the next leg up has commenced. DailyChartPattern – an uptrend is clearly in play with price breakingthe previous swing high before correcting. Price appears to have just put inanother low with the next keg up now underway.Fibonacci– the...Read More

I had a finance professor in college whoreferred to self-evident ideas as BGOs, or blinding glimpses of the obvious.The term stuck with me, and my kids haveheard it their entire lives.And it came to mind recently when Iconsidered if rising oil prices weighed on the realestate market. Well, duh!If consumers pay more for gas, then theywon’t be inclined to spend as much on housin...Read More

When the price of silver finally takes off and starts to outperform gold, those gains can be life changing. Here's why...Daniel Ameduri interviewed on Silver Bullion TVDaniel also shares about how silver demand from electric vehicle applications and renewable energy will rise.Discussed in this interview:Gold price and Fed rate hikeGold is a cash position, not an investmentBullion vs mining stocksB...Read More