Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort209,577102,79866,156179,735311,607455,468480,561Change from Prior Reporting Period -16,22713,64011,8024,020-25,908-405-466Traders19586905153288191 Small Speculators LongShortOpen Interest 52,28827,195507,756 1,7511,8121,346 non reportable positionsChange from the previous reporti...Read More
Our recent analysis of the US Dollar has presented a very unique and interesting setup for traders – an opportunity for a general commodity rally with Oil leading the way.Taking a look at this Daily chart of the UUP (US Dollar Index Bullish Fund) with our Advanced Dynamic Learning Cycles price modeling system applied to it, we can see that the cycle analysis is predicting a rotational top in...Read More
(Reuters) - U.S. stock index futures fell briefly after the release of April nonfarm payrolls report, which showed job growth rose less than expected and the unemployment rate fell to a 17-1/2-year low.The Labor Department’s closely watched report showed nonfarm payrolls increased by 164,000 jobs last month, while the unemployment rate was 3.9 percent. However, wages edged up only 0.1 percen...Read More
By Gary TanashianSince early 2016 we have been carrying forward a theme illustrating that until the macro trends in place since 2011 change, the situation would be as is, stocks trending up and the precious metals in consolidation/correction. The current trends were kicked off symbolically, and functionally to a degree, by the Fed's concoction of Operation Twist, a plan with the expressed goal o...Read More
Indian steel mills have raised their prices for commercial-grade hot-rolled coil (HRC) by about 800 rupees ($12) per tonne for domestic sales in May.HRC producers in India have been successful in increasing prices consecutively over the past three months while international prices for the commodity continue to be higher than domestic Indian prices."The price increase [of 800 rupees per tonne] is v...Read More
Our old comrade in arms Sean of the SGTReport joined us for an in depth look at Q anon, the Deep State and the Shadow Government. Sean believes that this is an Continue...Read More
Put traders are targeting the $6 level for GPROGoPro, Inc. (NASDAQ:GPRO) is trading up 8.9% today at $5.40, thanks to the camera company's better-than-expected quarterly sales. While this puts the shares on pace for their best single-day rise since September, they're struggling to overcome the stubborn $5.50 area that's acted as resistance since late January. Plus, GPRO remains down more than 28%...Read More
Global demand for gold dropped between January and March, becoming the weakest first quarter since the 2008 financial crisis, a situation experts attribute to an improved economic outlook and wild swings on world stock markets, which pushed investors to seek safe havens.According to the latest report by the World Gold Council (WGC), a trade group, Worldwide demand for gold totalled 973.5 tonnes in...Read More
By Alasdair MacleodArtificial intelligence (AI) is seen as both a boon and a threat. It uses our personal data to influence our lives without us realising it. It is used by social media to draw our attention to things we are interested in buying, and by our tablets and computers to predict what we want to type (good). It facilitates targeting of voters to influence elections (bad, particularly i...Read More
Dear Friend of GATA and Gold:GATA consultant Robert Lambourne, our expert on the Bank for International Settlements, noted this week that the BIS is late in posting its monthly statement of account for March, which typically contains obscure data about the bank's largely surreptitious interventions in the gold market on behalf of its client central banks.So your secretary/treasurer e-mailed the...Read More
(Kitco News)-Gold prices turned positive Friday as the U.S. economy created fewerjobs than expected last month, according to the latest data from the LaborDepartment.The Bureau of Labor Statistics said 164,000 jobs were created in April; economists were expecting to see job gains of 190,000. Looking at revisions, February's data was revised down to 324,000 jobs, down from the previous report of326...Read More
I wanted to take a moment to alert everyone to a price cycle setup that may turn out to be one of the most dramatic price moves we've seen since 2008. The metals markets have recently made some news by breaking to new recent price highs.This price move prompted a number of major firms to announce new bullish directional forecasts for gold with predictions of $2500 to $3000 price levels in the near...Read More
Domestic prices for steel products in Argentina are unchanged this month, but some market participants have reported fears of future changes because of the country's currency instability.Metal Bulletin's monthly assessment of Argentina's domestic price for hot-rolled coil (HRC) remained unchanged at $750-755 per tonne ex-works on Friday May 4, with the price of cold-rolled coil (CRC) stable at $86...Read More
Plus, the AAPL supplier that could be flashing 'buy'The Dow is set to close a busy week in the red, despite a huge week for Apple (AAPL). The major stock indexes also eked out gains for April, though they seem destined for an upcoming (continued) stretch of rapid, unpredictable price swings. And while the U.S. central bank kept interest rates unchanged, as expected, traders digested the Fed's comm...Read More
In interviews, whenever I try to make the case that US policies are leading to the kinds of currency disruptions common in developing countries, I say something Continue...Read More
Listen to the Podcast Audio: Click HereMike Gleason: It is my privilege now to welcome in Greg Weldon, CEO and President of Weldon Financial. Greg has over three decades of market research and trading experiencing, specializing in the metals and commodity markets and even authored a book in 2006 titled, Gold Trading Boot Camp where he accurately predicted the implosion of the U.S. credit market...Read More
By Avi GilburtRyan Wilday is our newest analyst. When we found him, he had already been trading over two decades for a supplemental income, but without the Elliott Wave Theory. He was a quick study in the theory and soon was producing professionally accurate wave counts, according to our method- Fibonacci Pinball. Ryan was also an early adopter of cryptocurrency and trading the new asset class.H...Read More
(Kitco News) - The only driver big enough to trigger a gold rally in the short-term is geopolitical tensions surrounding the Iran nuclear deal, according to one analyst.Gold has been struggling this week, with markets getting used to rising U.S. dollar and higher interest rates.“Gold has been going up and down in fits and starts. But, right now it is suffering the pullback because of the U.S...Read More
The stock has averaged a monster one-month return after other pullbacks to its 160-day trendlineWhile most chip stocks rode a big Apple (AAPL) rally higher this week, Micron Technology, Inc. (NASDAQ:MU) lagged after the iPhone maker's chief financial officer warned of falling NAND prices. In fact, as AAPL stock heads toward a 12.5% weekly win -- its best week since October 2011 -- MU stock is up a...Read More
Continue...Axel Merk is the Founder, President, Portfolio Manager, and CIO at Merk Investments LLC. He is an expert on qualitative research and macroeconomic trends. Mr. Merk is also an expert on macro trends, hard money, international investing, and on building sustainable wealth, and he is a pioneer in the use of strategic currency investing to seek diversification. He is a speaker and author on...Read More