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LIVE FUTURES REPORT 02/05: Comex copper stages modest recovery in midweek session

May 02, 2018 / www.metalbulletin.com

Comex copper prices bounced-back Wednesday morning in the US with the complex oversold after a five-day rout.Copper for July settlement on the Comex division of the New York Mercantile Exchange recovered 3.05 cents - or 1% - to $3.0680 per lb. "We are seeing a slight bounce in metals prices today, partly...Read More

Gold, Silver See Corrective Bounces Ahead Of FOMC Statement

May 02, 2018 / www.kitco.com

(Kitco News) - Gold pricesare moderately higher in early U.S. trading Tuesday, while silver is sportingsolid gains. The metals are seeing corrective rebounds from selling pressurethat drove the markets to multi-week lows on Tuesday. June Comex gold futureswere last up $4.10 an ounce at $1,311.00. July Comex silver was last up $0.303at $16.43 an ounce. Animportant U.S. data point today is the just-...Read More

David Rosenberg & Yra Harris On Stagflationary Pressures & Volatility In Economy & Financial Markets

May 02, 2018 / marketsanity.com

Click here for the full transcript: http://financialrepressionauthority.c...Yra Harris is a trader with over 32 years of experience in all areas of commodity trading, with broad expertise in cash currency markets. He has a proven track record of successful trading through combination of technical work and fundamental analysis of global trends; historically based analysis on global hot money flows....Read More

Canadian Miner Targets Initial Gold Pour by Year-End

May 02, 2018 / www.theaureport.com

Haywood Securities analyst Kerry Smith provided a construction update on one of this firm's projects. In an April 25 research note, analyst Kerry Smith with Haywood Securities reported that Equinox Gold Corp. (EQX:TSX.V) is on track to begin ore mining in Q3/18 and to pour first gold at its Aurizona gold mine in Brazil by year-end. Full-scale construction at this Brazil asset is in progress. Mos...Read More

Merk Research: The Federal Reserve

May 02, 2018 / news.goldseek.com

By Axel MerkAs part of Merk's in-house research we regularly evaluate a consistent set of charts covering the economy, equities, fixed income, commodities and currencies. The aim is to keep our eyes open and to look through the noise of the headlines, avoiding the distractions of sensationalized click-bait. In sharing this content, we offer a cross-check to your own thinking and aim to add value...Read More

Inflation Fears Outweigh Apple Rally, Dow Falls

May 02, 2018 / www.schaeffersresearch.com

The Nasdaq also turned lower in afternoon tradingThe Dow briefly turned higher this afternoon, but failed to hold upside momentum, losing steam after the Fed decided to keep interest rates unchanged, as expected. The central bank said inflation has "moved close to" its 2% target,fueling expectations for a June rate hike. What's more, even an Apple-led tech rally failed to keep the Nasdaq afloat. I...Read More

MarketWatch: Gold Investing Falls

May 01, 2018 / www.bullionvault.com

LONDON, 1 May 2018 - The latest trading update from BullionVault features in today's gold-price report from leading US investing news-site MarketWatch."Gold investing among Western households has fallen to the weakest levels since the metal hit its bear-market lows at the end of 2015," MarketWatch reports, quoting the latest Gold Investor Index data from BullionVault."The number of people starting...Read More

S.Africa gold miners to sign silicosis lawsuit settlement this week

May 02, 2018 / www.mining.com

South African gold producers are expected to sing this week a settlement in a lawsuit over fatal lung disease and tuberculosis miners contracted while working for them, ending this way the country's largest ever class action against mining companies.Speaking to Reuters, lawyer Richard Spoor, who represents about half a million workers and their families, said the companies would sign the out-of-...Read More

White House lawyer Cobb to retire: NYT

May 02, 2018 / www.kitco.com

WASHINGTON (Reuters) - White House lawyer Ty Cobb is leaving his post, likely by the end of May, the New York Times quoted him as telling the paper on Wednesday.He will likely be replaced by veteran Washington lawyer Emmet Flood, who advised former President Bill Clinton in impeachment proceedings, the Times reported, citing two people briefed on the matter.Neither Cobb nor Flood immediately respo...Read More

Gold Seeker Closing Report: Gold Ends Slightly Lower While Silver Rises Over 1%

May 02, 2018 / news.goldseek.com

 CloseGain/LossGold $1304.50-$0.60Silver$16.37+$0.20XAU81.92+0.61%HUI180.59+0.78%GDM624.96+0.28%JSE Gold1154.73+50.13USD92.81+0.34Euro119.41-0.53Yen91.20-0.03Oil$67.81+$0.5610-Year2.976%+0.007T-Bond143.0625-0.09375Dow23924.98-0.72%Nasdaq7100.90-0.42%S&P2635.67-0.72%  The Metals: Gold gained $6.50 to $1311.60 in Asia before it dropped back to $1304.10 in midmorning New York...Read More

METALS MORNING VIEW 02/05: Metals prices rebound on recovery in volume after China returns

May 02, 2018 / www.metalbulletin.com

Base metals prices on the London Metal Exchange were for the most part firmer on the morning of Wednesday May 2, with five of the six base metals showing gains averaging 0.6%, while tin bucked the trend with a 0.1% decline. Copper led on the upside with a 1% gain to $6,816 per tonne.Volume on the LME has rebounded with the return of Chinese participants following public holidays in China on Monday...Read More

Jim Rickards & Robert Kiyosaki discuss market predictions and economic forecasting

May 02, 2018 / marketsanity.com

Jim Rickards joins Robert & Kim in studio for a special show about economic forecasting. Find out how to determine business trends based on Rickard's years of experience working on Wall Street and with the CIA and Pentagon.Robert Kiyosaki is best known as the author of Rich Dad Poor Dad, the #1 personal finance book of all time. His book titles hold four of the top ten spots on Nielsen Bookscan Li...Read More

The Evils Of Leveraged ETF's and Those That Suggest Them

May 02, 2018 / news.goldseek.com

By Avi GilburtAs some of you may know me by now, I run a trading room with over 3500 traders, have over 450 money manager clients, have over 23,000 followers on Seeking Alpha, and have the 6th largest service out of the 169 that are offered in the Seeking Alpha Marketplace (even though I am a technical analyst on that fundamental analysis web site). I have certainly come a long way since I first...Read More

Silver Miner's Production 'Tracking to Meet Expectations'

May 02, 2018 / www.theaureport.com

Heiko Ihle, an analyst with H.C. Wainwright & Co., discussed this company's Q1/18 production overall and from two of its producing mines. An April 11 H.C. Wainwright & Co. research note indicated Great Panther Silver Limited (GPR:TSX; GPL:NYSE.MKT) is on track to meet 2018 production goals despite Q1/18 performance. "While consolidated production totals were slightly below levels seen in Q4/17, w...Read More

Precious Metals Sector On a Long-term Buy Signal, Short term Mixed / Commodities / Gold and Silver 2018

May 02, 2018 / www.marketoracle.co.uk

Technical analyst Jack Chan updates his gold and silver charts.Our proprietary cycle indicator is up. 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 gold sector is on a short-term buy signal. Short-term signals can last for days and weeks, and are more suitable for traders. Speculation is...Read More

3 Drug Stocks Near the Bottom of the Nasdaq Today

May 02, 2018 / www.schaeffersresearch.com

Two of the names are now at risk for downgradesThe Nasdaq is outperforming today, thanks to a positive earnings reaction for Apple (AAPL). Nevertheless, drug stocks Akorn, Inc. (NASDAQ:AKRX), Esperion Therapeutics Inc (NASDAQ:ESPR), and Gilead Sciences, Inc. (NASDAQ:GILD) are all trading dramatically lower. Here's a closer look at what has shares of AKRX, ESPR, and GILD near the bottom of the...Read More

Barron's: $2bn of Metal

May 01, 2018 / www.bullionvault.com

LONDON, 1 May 2018 - Data from BullionVault is cited in an online report on gold investment demand from Barron's, the weekly US investment magazine.Published since 1921, the magazine now has half-a-million subscribers. Internet traffic puts it among the top 4,000 websites in the United States.With the US Dollar rising, "gold looks becalmed," says the report, noting how BullionVault saw "the number...Read More

StrikePoint grabs historic Porter Idaho silver asset from Skeena

May 02, 2018 / www.mining.com

Canada's StrikePoint Gold (TSX-V: SKP) (OTCQB: STKXF) said Wednesday it has agreed to buy fellow junior Skeena Resources' (TSX-V: SKE) historic Porter Idaho silver property located near Stewart, in British Columbia's prolific Golden Triangle.As part of the deal, Skeena will receive Cdn$1.75 million in cash plus another Cdn$1.75 million in StrikePoint common shares at a value of Cdn$0.225, based up...Read More

Gold Eagle Sales Still Faltering While Mining Output Collapses - Perfect Storm

May 02, 2018 / news.goldseek.com

By Rory HallIt appears we are seeing another sign of the frequency shift. Over the past few weeks we have been speaking more about this shift in terms of spirituality and and community, but today we see it manifesting in a whole other area.The decline in mining output, by the "world's largest gold miner", Barrick Gold, seems to point towards undeniable reasons, as we have been saying for the pas...Read More

Whole Thing Will Come Tumbling Down - Charles Nenner

May 01, 2018 / marketsanity.com

"It's going to be a blood bath, but as I said the last time, in the 1990's when the Dow was 5,000, the world still looked okay."Charles Nenner founded, and is president of, the Charles Nenner Research Center. Mr. Nenner has provided his independent market research to the following entities all over the world: hedge funds, banks, brokerage firms, family offices, and individual clients. Mr. Nenner w...Read More

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