By Jordan Roy-Byrne CMT, MFTA Despite its lack of bullish fundamentals and the poor price action, Gold is now technically oversold and has reached strong support with sentiment approaching potentially extreme levels. The conditions are in place for a rally. That being said, bearish sentiment by itself is not enough to push Gold beyond a relief rally. While the combination of the net speculativ...Read More

By David HaggithFor a year and a half I've been writing about the retail apocalypse that is going to add to US financial woes. This is not a problem created by economic collapse but a problem that I have said will greatly contribute to economic collapse and that is so massive and widespread that it assures some level of economic decline all on its own. As everyone knows, the problem is largely c...Read More

By Ryan Wilday In last week's article, my charts showed that I expected a corrective rally into the zones we are now pushing against. As always, I marked key resistance with a box and price has entered those areas. These zones are $6724-$7045 in bitcoin (BTC-USD) and $461-$489 in ethereum (ETH-USD).Because I don't view the downside trend as complete, nor do we have price through resistanc...Read More

- Is the currency reset or global monetary reset (GMR) upon us? - Russia sold half their Treasuries in April and bought 600k ozs of gold in May - China has stopped buying US Treasurys and PBOC is quietly accumulating gold bullion - China has over $3 trillion in foreign exchange reserves and Russia has $461 billion - Physical gold market is finite and tiny vis-?-vis the fx markets and bond market...Read More

In his final column for Metal Bulletin, Lord Copper looks over the events that have shaped the metals industry during his tenure and considers and what might be in store over the coming years.ValeteWell, it's been a good run since December 2009 but now has come the parting of the ways. This is the last time Lord Copper will grace the pages - or, rather, the pixels - of Metal Bulletin. Looking back...Read More

Export pig iron prices from the Black Sea have gone up this week with Italian buyers accepting higher prices after a long silence in the market. But export prices from the Baltic Sea region were unchanged because buyers considered current offers to be too high.Metal Bulletin's export price assessment for high-manganese pig iron from the CIS region rose to $390-395 on Thursday July 5, from $385-390...Read More

Base metals on the London Metal Exchange were mixed at the close of trading on Thursday July 5, pressured by macroeconomic uncertainty amid continued sell-offs in copper, zinc and tin prices.While zinc prices continue to be hampered by a flurry of short-covering, the metal's three-month price avoided another drop below the nearby support level of $2,700 per tonne at the afternoon close. In ad...Read More

Gold relief rally still expected when latest tariff tantrum ends.The latest trading session was an example of that in miniature.Dollar/gold ratio still needs to reverse in gold's favor, however.Gold caught a breather from its latest plunge on Tuesday and offered participants at least some hope of a relief rally. The rationale for a gold summer rally was actually offered in microcosm on Tuesday...Read More

The latest news and price moves to start the Asian day on Friday July 6.Base metals on the London Metal Exchange were mixed at the close of trading on Thursday July 5, pressured by macroeconomic uncertainty amid continued sell-offs in copper, zinc and tin prices. Read more in our live futures report.Here are how prices looked at the close of trading:Metals packager Ball Corp plans to cease product...Read More

The latest metal markets news and price moves for the start of the North American day on Thursday July 5.Base metals on the London Metal Exchange ticked higher across the board during morning trading with lead prices climbing by 1.7% after a fresh 15,000 tonne cancelation in Antwerp. Here's how base metals prices look at 12:12pm London time:Read our live futures report here."With the LME nearby sp...Read More

There may also be a gold angle to the electric vehicle revolution, argues the Gold Council in a study that looks at precious metal and various uses in electronics. While lithium, nickel, copper and cobalt have all enjoyed a lift, gold may have a role to play since it offers some circuitry and conductivity advantages over other types of metals.The industry is shifting rapidly towards electrificatio...Read More

Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Thursday July 5.Base metals prices on the Shanghai Futures Exchange were broadly down during Asian morning trading on Thursday, with the complex continuing to come under pressure from growing trade concerns. Check Metal Bulletin's live futures report here.Worldwide Warehouse Solutions (WWS) ha...Read More

   •  Persistent USD selling bias helps rebound from the vicinity of 100-hour SMA and the formation of a bullish flag chart pattern on the 1-hourly chart points to an extension of the recovery move.     •  Technical indicators on the said chart have started losing positive momentum and hence, it would be prudent to wait for a strong follow-through buyin...Read More

   •  Struggles to build on this week’s recovery move despite trade-war fears/softer USD.    •  Fading safe-haven demand/uptick in the US bond yields exerts fresh selling pressure.   •  US economic data eyed for some impetus ahead of the latest FOMC meeting minutes. Gold came under some renewed selling pressure on Thursday and...Read More

How should investors read bearish technical signals?How might the tone of central banks and currencies impact gold?What is the price outlook for gold? Gold recently formed a bearish technical signal called a "death cross pattern," leaving some investors fearful that the price has nowhere to go but down. Bart Melek, Global Head of Commodity Strategy, TD Securities, explains how central bank signals...Read More

In his final column for Metal Bulletin, Lord Copper looks over the events that have shaped the metals industry during his tenure and considers and what might be in store over the coming years.ValeteWell, it's been a good run since December 2009 but now has come the parting of the ways. This is the last time Lord Copper will grace the pages - or, rather, the pixels - of Metal Bulletin. Looking back...Read More

SHANGHAI, Jul 5 (SMM) – Both nonferrous and ferrous metals fell across the board, except for rebar, on Thursday July 5 as the imminent US tariffs on Chinese imports weighed on market sentiment.SHFE zinc led the decreases with a slump over 4%. Copper tumbled close 3% and nickel dropped over 2%. Lead and tin lost close to 2% with aluminium fell close to 1%.Coke, iron ore and cok...Read More

Ugly action in Asian trading hours.A break below $16.Silver has outperformed gold.Is silver waiting for an elevator?Things could get ugly if gold makes a lower low.The silver market has been relatively calm in 2018. The rallies have taken the stairs to the upside, and even the most recent elevator ride lower on June 15 did not create too much havoc. The move that took September COMEX silver future...Read More

Gold spot ($) The bias remains bullish.   Stay on top of the markets with Swissquote’s News & Analysis Pivot (invalidation): 1254.00 Our preference Long positions above 1254.00 with targets at 1258.00 & 1261.00 in extension. Alternative scenario Below 1254.00 look for further downside with 1250.00 & 1245.00 as targets. Comment The RSI lacks upward momentum.   Silve...Read More

SHANGHAI, Jul 5 (SMM) – In monthly tenders issued by two organic silicon plants this week, #421 chemical-grade silicon was mostly offered at 13,500-13,800 yuan/mt on acceptance. This was flat from the purchasing price by two organic silicon producers in late June, SMM learned. Downstream consumers continued to purchase as required as silicon prices declined. As of Ju...Read More