Back in early November, I shared a 6-pack of charts showing that Gold (NYSEARCA:GLD) and the broader metals sector were all testing key price support levels.Well, those price levels appear to be giving way to the downside. And this could be warning of lower prices to come. In the updated 6-pack of charts below, you can see blue trend lines for various charts of Gold, the Gold Miners (NYSEARCA:GDX...Read More

Below looks at the Silver/Gold ratio over the past 30-years. Metals bulls (both Gold & Silver) want to see the ratio moving higher, to send a quality bullish message to both.The ratio has spent the majority of the past 30-years inside of rising channel (1). When the ratio hit the top of the long-term rising channel back in 2011, the ratio put in a large bearish reversal pattern at (A). This is whe...Read More

Below looks at Gold and Silver patterns on a "Monthly basis" over the past 7-years. The rally in Gold and Silver since early 2016, has taken both of them back to test levels that were heavy for each of them over the past few years.CLICK ON CHART TO ENLARGEJoe Friday Just The Facts Ma'am- Gold and Silver created "Monthly Reversal" pattern this month at each (2), just under key overhead resistance a...Read More

Gold has been weaker than King Dollar the majority of the time since 2011 highs. Gold has been stronger than King Dollar since Christmas of last year. Which trend is going to be the key trend over the next few months?Below looks at the Gold/US Dollar ratio over the past seven years and highlights that an important price pattern is taking place-CLICK ON CHART TO ENLARGEThe Gold/US$ ratio has remain...Read More

Gold & Silver long-term trends have been lower since highs back in 2011. Counter trend rallies have continued to frustrate metals bulls as they continue to fizzle out. Are current counter trend rallies in Gold & Silver about to fizzle out again?Below looks at Gold and Silver on a monthly basis over the past decade-CLICK ON CHART TO ENLARGEGold and Silver this month tested resistance lines that wer...Read More

Gold has been weaker than the US$ since 2011 highs, highlighted in Gold/Dollar chart below. The ratio is attempting to do something this week that it hasn't been able to accomplish the past few years-CLICK ON CHART TO ENLARGEThe ratio has traded sideways for the past three years, inside the blue shaded zone-Joe Friday Just The Facts Ma'am- Gold/Dollar ratio is attempting a breakout above dual mult...Read More

Six years ago this week, the Power of the Pattern shared that "Gold could be flat to down for years to come!" See Why the Power of the Pattern felt this way. See Post Here Below looks at the performance of Gold, Silver, GDX and GDXJ since the post on 9/1/11-CLICK ON CHART TO ENLARGECould the struggles of the metals markets be about to end? Mother of all "Bullish Patterns" in play for Gold? Could...Read More

Below looks at the Gold/US Dollar ratio over the past 8-years. The ratio is testing a level that has been critical to Gold bulls for the past few years and we suspect it will be critical for it again at this level!CLICK ON CHART TO ENLARGEThe ratio declined sharply from 2011 thru 2013, where it hit a low in the 14.4 level. After hitting this level, the ratio rallied and created a new trading range...Read More

The Gold/Dollar chart below reflects that Gold was much stronger than the U.S. Dollar (US$) from 2001 until 2011. Since 2011, the US$ has been stronger than Gold, as the ratio has declined for 6-years. Is it time for the worm to turn (Gold stronger than US$)? The ratio below reflects a big test is in play, that could answer this very important question.CLICK ON CHART TO ENLARGEThe Gold/US$ ratio h...Read More

The US Dollar so far this year, has been very week, losing nearly 10% of its value. This decline might have influenced investors to go long the Euro. Below looks at sentiment towards the Euro, that we shared on our Twitter & Stocktwits accounts 9-days ago.CLICK ON CHART TO ENLARGEThe chart above reflects that bullish sentiment towards the Euro is historically high and in the past when it reached...Read More

By Adam ClarkGlencore PLC (GLEN.LN) said on Tuesday that it intends to issue $500 million in cash-settled convertible bonds due 2025. The mining company said the net proceeds of the offering will be used for general corporate purchases. Glencore said the bonds won't carry any interest and will be issued at between 93.25% and 98.25% of their nominal value of $200,000 each. Glencore said the initial...Read More

By Adria CalatayudRio Tinto PLC said Tuesday that it is launching a bond purchase and redemption plan worth up to $2.25 billion to reduce its gross debt. The Anglo-Australian miner said it has issued redemption notices for approximately $1.4 billion of its U.S. dollar-denominated notes maturing in 2021 and 2022. It has also started invitations to holders outside the U.S. for up to $850 million eq...Read More

By Oliver GriffinGlencore PLC said Tuesday that it has acquired Rio Tinto PLC 82% interest in the Hail Creek coal mine and adjacent coal resources, as well as its 71.2% interest in the Valeria coal resource, for $1.7 billion. The mining company said the remaining 18% of Hail Creek is currently owned by Nippon Steel Australia Pty Ltd, Marubeni Coal Pty Ltd., and Sumisho Coal Development Pty Ltd. E...Read More

By Oliver GriffinRandgold Resources Ltd. said Thursday that its Kibali gold mine, which it owns with AngloGold Ashanti Ltd. (ANG.JO), has resigned from Federation des Entreprises du Congo, the Democratic Republic of Congo's chamber of commerce, with immediate effect. The gold miner said that the Kibali mine, accompanied by Glencore PLC Mutanda Mine, and China Molybdenum Co. Ltd.'s (>> company sh...Read More

By Scott Patterson Glencore PLC has agreed to sell a large chunk of its cobalt production to a Chinese company, a person familiar with the matter said, marking another victory for China in a race to lock up supplies of an important metal used in batteries for electric vehicles. Glencore, the giant Swiss commodity producer and trader, signed a deal several weeks ago to provide more than 50,000 me...Read More

By Jacob Bunge and Dana Mattioli This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (March 10, 2018). Takeover talks between Bunge Ltd. and Archer Daniels Midland Co. have stalled, people familiar with the matter said, throwing into question a combination that could have formed one of the...Read More

By Jacob Bunge and Dana Mattioli Takeover talks between Bunge Ltd. and Archer Daniels Midland Co. have stalled, people familiar with the matter said, throwing into question a combination that could have formed one of the world's largest agricultural conglomerates. The two companies, among the largest global traders and processors of farm commodities, have been unable to reach an agreement despit...Read More

By Ira Iosebashvili Gold prices fell Wednesday, as investors locked in recent gains on the metal ahead of key U.S. economic data later in the week. Gold for April delivery was down 0.6% at $1,327.60 a troy ounce on the Comex division of the New York Mercantile Exchange. Prices for gold, a popular destination for nervous investors, hit $1,342 a troy ounce Tuesday evening after economic adviser G...Read More

By Ira Iosebashvili Gold prices fell Wednesday, as investors locked in recent gains on the metal ahead of key U.S. economic data later in the week. Gold for April delivery was recently down 0.6% at $1,326.60 a troy ounce on the Comex division of the New York Mercantile Exchange. Prices for gold, a popular destination for nervous investors, hit $1,342 a troy ounce Tuesday evening after economic...Read More

By David Hodari LONDON--Copper prices dropped on Wednesday, with growing fears of global trade disputes souring sentiment across the metals complex. The industrial metal fell 0.66% to $6,946.50 a metric ton in midmorning trade. Gold prices also fell, ticking down 0.12% to $1,333.11 a troy ounce, pausing from their recent ascent after gaining 0.8% so far this week. The pressure on metals prices...Read More