Friday's payrolls report could stay in focus since today's market schedule is bareDow Jones Industrial Average (DJI) futures are trading sharply higher again, as stocks look to build off the momentum from Friday's jobs report. The blue-chip index is signaling a triple-digit jump at the open, and futures on the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are set for big moves, as well. With lit...Read More

Last week's price action may prove to be pivotal for the stock market"...it appears that the SPY and SPX are shaping up for another flat-to-slightly negative return through mid-July, relative to their respective June 12 closes... If SPX 2,740 and SPY $274 are not taken out relatively quickly, you will likely hear from technicians about the potential formation of a bearish head-and-shoulders patter...Read More

As competition in the global steel markets remains fierce, Metal Bulletin provides an update on the new, progressing and closed trade cases from around the world in June 2018.The case list below includes only updates. For other continuing cases this year, see the updates for January, February, March, April...Read More

 CloseGain/LossGold $1258.20+$3.10Silver$16.11+$0.08XAU83.28-0.56%HUI178.82-0.22%GDM629.59-0.50%JSE Gold1076.07-6.63USD94.10+0.09Euro117.47-0.03Yen90.26-0.29Oil$73.85+$0.0510-Year2.861%+0.037T-Bond145.15625-0.50Dow24776.59+1.31%Nasdaq7756.20+0.88%S&P2784.17+0.88% The Metals: Gold gained $10.80 to $1265.90 in London before it drifted back lower in New York, but it still ended wit...Read More

Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort210,483132,15659,665172,917266,067443,065457,888Change from Prior Reporting Period 15,36513,7108,2311,316-49724,91221,444Traders18195964952273206 Small Speculators (C) GoldSeek.com LongShortOpen Interest 51,09936,276494,164 6794,14725,591 non reportable positionsChange from th...Read More

The 2018 Sound Money Index is the first index of its kind, ranking all 50 states using 9 indicators to determine which states offer the most pro-sound money environment in the countryCharlotte, NC (July 9th, 2018) -Utah, Texas, and Wyoming round out the top three most sound money-friendly states in the United States, according to the 2018 Sound Money Index, released today by the Sound Money Defe...Read More

By Daniel R. Amerman, CFAWould you have appreciated a single number that could have given you a clear and unmistakable warning before the tech stock bubble collapsed? How about an unequivocal mathematical warning in 2006 that major financial trouble was on the way, well before the problems of 2007 and 2008?These warnings did exist and they can be seen in the gold areas of the graph above. They a...Read More

By Avi GilburtIf you read most of the analysis being published over the last two days, you would almost assume that the S&P500 should be crashing or be in a bear market. Yet, we are only 4% off the all-time highs struck early this year in the S&P, whereas the Nasdaq and Russell have made new higher highs this summer.In fact, if you had read the analysis put out over the last two days when furthe...Read More

TECHNICAL SCOOPCharts and commentary by David ChapmanPhone: 416-523-5454 Email: david@davidchapman.comTwitter: @Davcha12July 9, 2018"There is a crack, a crack in everythingThat's how the light gets in." Leonard Cohen, Anthem, 1992, from the album The Future "Those who have knowledge, don't predict. Those who predict, don't have knowledge. " Lao Tzu, 6th century BC Chinese poet"Prediction is ver...Read More

Okay, one more look at wage inflation, followed by a short diatribe on the unfairness of life. As the labor markets get tighter, power is finally shifting from companies to workers. For some reason Iowa is leading the way (the promised two sentences are in bold): Say Hello to Full Employment Want to know where the economy is headed? Look at Des Moines(Atlantic) - This morning, the Labor Depart...Read More

Source: Michael Ballanger for Streetwise Reports 07/07/2018 Sector expert Michael Ballanger discusses breakdowns in base metals markets and his current views on the status of cryptocurrencies. -->Since I covered gold and silver on Wednesday, I am switching to the base metals because they represent a dollar flow infinitely larger than the precious metals, and are therefore far more difficult...Read More

By Ricky WenThe first week of July was really about the upside following through based on the overall rounding bottoming pattern and temporary low setup at the 2693.25 low from the last week of June. The market was able to cement the status of temporary low from June, and had a decent "stick save" on Monday July 2 at the 2698.5 lows before closing at the high of the day around 2726 to cement ano...Read More

- Italy is EU's ticking timebomb as debt nears EUR2.4 trillion- Italy's GDP is just EUR1.85 trillion; National debt is 132% of economy- Italy is politically dysfunctional at best of times; Now has populist left / right wing government- National debt owed to other EU nations alone is 25% of its GDP- Italy's debt threatens global GDP; May wipe 0.4% off global GDP- Default to create contagion in...Read More

 CloseGain/LossGold $1258.20+$3.10Silver$16.11+$0.08XAU83.28-0.56%HUI178.82-0.22%GDM629.59-0.50%JSE Gold1076.07-6.63USD94.10+0.09Euro117.47-0.03Yen90.26-0.29Oil$73.85+$0.0510-Year2.861%+0.037T-Bond145.15625-0.50Dow24776.59+1.31%Nasdaq7756.20+0.88%S&P2784.17+0.88% The Metals: Gold gained $10.80 to $1265.90 in London before it drifted back lower in New York, but it still ended wit...Read More

Full Article: Gold Selling ExhaustingBy: Adam HamiltonGold has been afflicted by relentless selling over the past few weeks or so, forcing it to major lows. While summer-doldrums weakness is typical, gold's recent drop is on the large side even for this time of year. It was fueled by truly-extreme short selling by gold-futures speculators, which is quickly exhausting. That is paving the way for g...Read More

Higher offer prices from Russian producers have been heard in the export market for hot-rolled coil (HRC) and cold-rolled coil (CRC) from the Commonwealth of Independent States.The market was not ready to accept these higher prices, however, due to lower prices in key outlet regions and falling prices for HRC exported from China, sources told Metal Bulletin on Monday July 9.As a result, Metal Bull...Read More

Base metals on the London Metal Exchange made a notable recovery from recent lulls at the close of trading on Monday July 9, led by a 1.9% price surge in nickel and aluminium prices. Edging back over $14,000 per tonne throughout the day, nickel prices reached a daily high of $14,240 per tonne after closing at their lowest point since May 10 on Friday.The metal experienced a sharp sell-off last wee...Read More

Metal Bulletin presents a timeline of key dates and events related to the manganese flake rally this year and the reasons behind the moves.Manganese flake prices are now trading at levels last seen in July 2012 amid ongoing production curtailments at major Chinese producer Ningxia Tianyuan, with the impact now spreading into the ferro-chrome and selenium markets. Metal Bulletin's assessment for in...Read More

Manganese ore and alloy prices ended their recent rally in China, after smelter restarts appeared to spell the end for alloy tightness. Chinese smelter restarts prompt downward correction in alloy prices Ore prices follow alloy lower Indian alloy prices rise on strong demand from east Asia European ferro-manganese prices drop on lower producer offers  Manganese ore and alloy pr...Read More

Technical correction extends above $ 1260 amid broad-based USD weakness. Lingering US-Sino trade tensions support, as the focus shifts to the US CPI due later this week. Gold (futures on NYMEX) is seen fading the upmove to $ 1263.10 – fresh ten day tops, although remains above the $ 1260 mark amid persisting broad-based US dollar selling. The greenback extended its bearish momentum and hi...Read More