Stage is set for big rally in gold and silver unless various US November jobs numbers beat street expectation by a big margin. U.S. President Donald Trump announced tariffs on metal imports from Brazil and Argentina. USA has threatened to impose new tariffs on trade with the European Union after the World Trade Organization (WTO) ruled that the EU had not complied with an order to halt illegal s...Read More
Context is everything when it comes to the fear index, so watch this sentiment indicator carefullyThe notion of the Cboe Volatility Index (VIX) being "high" or "low" is, as you're likely aware, entirely a matter of context. During calendar years 2010 through 2016, the average daily VIX reading was 17.92 -- not sky-high by any means, but still a figure that would have seemed downright panicky durin...Read More
Crudeoil futures declined sharply on Friday. The steep slide’s result was a breakdown below the lower border ofthe rising green trend channel. As the prices closed the day below theformation, it’s clearly a bearish development. Despitethis setback, the bulls opened the week with a green gap, which has triggeredmodest improvement in the following hours. The bulls are fighting to invalid...Read More
Why Shale wasonce Viable at $45WTI but it’s not anymore. That’s why OPEC can dictate theprice again.Some shale operators now saythey can’t make money at $55; so they are cutting-back. But in 2017 when WTI averaged$50; output-growth was 60% higher than today. How come?In 2015, five-hundred frac-spreads,bought and paid for; some from profits, many at fire-sale; were idle; so day-ra...Read More
Weak demand conditions and lingering backwardations in London Metal Exchange spreads damped most regional P1020A premiums on Tuesday December 3, including the main Japanese ports (MJP) premium, which fell to an all-time low.MJP premium falls to all-time lowRotterdam premium ticks downward on LME backwardationsBrazil premiums soften on poor demandUS Midwest premium steady on holiday pause.MJP spot...Read More
Hot-rolled coil prices in the United States have continued to bounce between $27 and $28 per hundredweight ($540 and $560 per short ton) in a quiet pre-holiday spot market, sources said.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $27.54 per cwt ($550.80 per ton) on Tuesday December 3, down by 0.9% from $27.79 per cwt on December 2 but roughly unchanged f...Read More
Prices for certain grades of ferrous scrap rose in the Mexican steelmaking regions of Baj?-o and Monterrey over the past week, with some consumers already applying price increases to secure their supply.In Mexico's central Baj?-o region, at least one steelmaker increased prices by up to 200 pesos ($10) per tonne last week, while other steelmakers were telling scrap sellers that they will struggle...Read More
AG Thorson7 hours ago (Dec 03, 2019 6:15 PM GMT)Last month I penned an article explaining how gold tends to form interim highs/lows in the opening days of a new month. That article was timely as prices topped that very day at $1519.20 and fell to $1446.20 by November 12th.Monthly Trend ChangesNotice in the chart below how gold sometimes changes course at the beginning of a month. Not always, but e...Read More
By: Daniel R. Amerman, CFAWe currently have well above average prices for stocks, bonds and homes. This raises a simple question - what would happen to the average retirement account and to home equity for the average homeowner, if valuations were to return to what long term averages show us are normal valuations?Using decades of valuation information on stocks, bonds and homes, this analysis de...Read More
Stewart Thomson, Graceland Updates 1. While some analysts are getting a bit negative in their outlook for gold, the physical market is getting stronger and that's very good news for investors. 2. Please click here now. I predicted that Indian jewellers would step into the market in the $1465 area, and that has obviously occurred. 3. Given the onerous import duty, Nov...Read More
Clint Siegner, Money MetalsThe presidential race will mesmerize Americans over the next 11 months. The country hasn't been this polarized since the Civil War.Voters on the left desperately want a story which undermines support for President Trump. They are also searching for a candidate who can actually win.Many Republicans are outraged about the Deep State and corporate media campaign obsession...Read More
Dave Kranzler, Mining Stock JournalThe price of gold has held firm at the $1460 (front-month contract basis, not the Kitco "spot" price) level despite the constant price attacks that have been occurring overnight and into the Comex floor trading hours since early November.On an intra-day basis gold has managed to hold continuous aggressive attempts to push the price below $1460 for the last 6 tr...Read More
A summary of base metals premiums from across the globe for the week to Tuesday December 3.Please click...Read More
Stage is set for big rally in gold and silver unless various US November jobs numbers beat street expectation by a big margin. U.S. President Donald Trump announced tariffs on metal imports from Brazil and Argentina. USA has threatened to impose new tariffs on trade with the European Union after the World Trade Organization (WTO) ruled that the EU had not complied with an order to halt illegal s...Read More
Here are five Fastmarkets MB stories you might have missed on Tuesday December 3 that are worth another look.ArcelorMittal has increased its offer prices in Europe for all flat steel products by ?,?40 ($44) per tonne, effective immediately, market sources told Fastmarkets on December 3.A second major aluminium producer has offered the light metal for delivery in the first quarter of 2020 to main J...Read More
The three-month nickel price on the London Metal Exchange was lower at the close of trading on Tuesday November 3, with this morning's fresh cancelation of 1,326 tonnes doing little to negate selling pressure, while the metal's benchmark cash/three-month spread reached its widest level since July. Nickel's outright price on the LME closed at $13,375 per tonne this afternoon, softening by more than...Read More
Three-month lead traded lower during the morning session on the London Metal Exchange on Tuesday December 3, with low liquidity conditions capping a move above nearby resistance levels, while tin's outright price recorded the only move higher. Lead's underlying price on the LME was recently seen at $1,894 per tonne, dipping below the $1,900-per-tonne support level, with just 870 lots exchanged ove...Read More
While the metal markets have hardly been bullish, United States President Donald Trump undermined confidence across broad markets when he re-imposed tariffs on steel and aluminium imports from Argentina and Brazil and threatened France with tariffs too.This has raised concerns that a US-China trade deal may be delayed, especially following Trump's signing legislation supporting protesters in Hong...Read More
Will the price rise in 2020? Tune-in to find out! Roundtable with James Anderson, Chris Marcus, Louis Cammarosono, & Philip Kennedy via Kennedy FinancialLouis Cammarosano, James Henry Andersen and Chris Marcus discuss the state of the #silver and #gold market! Will the #price rise?! Find out! Read More
Gold & silver are on the move on Tuesday morning. The stock market, yield on the 10-Year Note and the dollar are dropping, and for good reason...Update 1 (10:20 a.m. EST): Gold & silver have completely erased their losses from one week ago:Let's see if we can go out on the highs of the day.If so, that would be bullish.Additionally, notice on the chart above that the dollar is looking like it want...Read More