Dave KranzlerOn October 4th, as I expected would happen, the Fed announced that it was extending its overnight and term repo operations out to November 26th (the November 12th two-week term repo matures on the 26th).The Fed added 7 more 2-week "term repos, " plus a 6-day "term repo," with the next three operations upped to $45 billion. It extended the overnight repos until at least November...Read More

StrengthsThe best performing metal this week was gold, up 0.51 percent. Gold traders and investors are positive on future gold prices in this weeks' Bloomberg survey. For the first time in a month the gold bulls outnumbered the combined bearish and neutral responses. ETFs added 39,919 troy ounces of gold to their holdings on Thursday, marking the 14th straight day of inflows, according to Bloomb...Read More

COLORADO SPRINGS, CO, Oct. 07, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE - Gold Resource Corporation (NYSE American: GORO) (the "Company") today announced its Isabella Pearl gold mine, located in Mineral County, Nevada, has reached commercial production levels. This commercial production announcement is based on mining rates, ore placement on the heap leach pad, mining and process costs, p...Read More

By: Andy HechtStarting and June and through the beginning of September, gold and silver prices were back in bullish mode. Gold rose to its highest price since 2013 and silver to its peak since 2016. The nearby gold futures contract traded up to a high at just under $1560 per ounce. Silver peaked at just under $19.54. Markets rarely move in a straight line, and corrections can be healthy for bul...Read More

There are times when our research teaminterprets our advanced predictive modeling systems so well that we call a movein the markets 3 to 10+ months in advance of the move actually happening.  It has happened for our team of research sooften lately that we are somewhat used to the accolades we receive from ourfollowers and members.  Our October 2018Gold price predictions are still playing...Read More

Avi Gilburt, Elliott Wave TraderAs the media highlights the potential impeachment process in the coming weeks, many are so concerned that this will be the "cause" of the market drop we are expecting. Yet, history suggests otherwise.The narrative will certainly play out as follows: The market likes certainty and stability within our government. (Please ignore that this was the same reason many cl...Read More

Dear Friend of GATA and Gold:Our friend C.W. wrote this week:"After reading recent commentaries noting that the U.S. Justice Department and Commodity Futures Trading Commission are overlooking the long-term suppression of the gold price while indicting individual traders for spoofing the gold and silver futures markets, I wondered why the authors did not acknowledge a simple likely explanation."...Read More

The Dow Industrials ended the week with an 800-point Whoopee Cushion bounce that recouped two-thirds of a 1300-point loss suffered days earlier. The swoon, exhilarating as it may have seemed to traders, will do little to brighten an economic picture that has gone from boom to gloom since mid-summer. One might think that the dark cloud of recession over China and Europe would have caused investor...Read More

By: Ira EpsteinGold's short-term trend is lower, finding support at the 18-week moving average..Read More

American manufacturersare scoring ever deeper recessionaryreadings. We haven’t seen this bad an ISM Manufacturing reading in quitea while. Can it take the broader economy with it? And what about gold – whenexactly will it get its shine? ISMManufacturing Index Drops To Disturbingly Low LevelThe September ISM Manufacturing Index registered 47.8percent, a decrease of 1.3 percentage points...Read More

Precious metals markets enter the often favorable fourth quartertrading season with the potential to reinvigorate their major uptrends. Despite posting impressive gains in the third quarter, gold and(especially) silver finished it on a downbeat note.On Monday, sellers smashed silver spot prices down3.6% to test the $17.00/oz. level.The disappointing finish to the month and the quarter do...Read More

Before making an investment decision, every investor should understand true inflation. But what is true inflation? Currently, inflation is measured using a floating basket of goods in the Consumer Price Index (CPI), which continues to understate true inflation.Two useful tools fordetermining true inflation figures are John Williams’s Shadow Statistics andthe Chapwood Index.  John Willia...Read More

Originally published on Sat Sep 28 for our ElliottWaveTrader members:With the various charts we track unable to complete 5 waves up off the low struck two weeks, it would seem that we can count all of those charts as having just completed a corrective rally top, with more pullback likely to be seen. In fact, this is primarily why I have been stressing that I was treating the last rally as a correc...Read More

Inyesterday’s analysis, we emphasized that even though a big decline in gold isalready underway, it’s likely that it won’t be a straight move down and therewill be periodic corrections. Moreover, we provided price targets from whichthe bounce could start. Based on the circumstances, it might even be a tradablemove. In today’s analysis, we’re going to show you that the...Read More

Rudi Fronk and Jim Anthony, cofounders of Seabridge Gold, discuss recession, central bank panic and an outrageous gold price.In our view, gold investors should settle back with some popcorn and enjoy the coming fireworks, which will include the best gold bull market ever, with all the volatility that implies. We see new all-time highs just around the corner. The challenge is to take a position and...Read More

The people who are prepared are going to reap rewards such asthey have never dreamed. We're going to have the biggest transfer of wealth inhistory – from the fools – to those who are prepared. – Bob Moriarty The run upof the last few months to $1,565 gold and $19silver has stalled out into a relatively high-level correction, giving backless than might be expected after such...Read More

Lower global growth forecasts bode well for gold's intermediate trend.5-year TIPs yield is falling again, which also supports higher gold prices.Gold bolstered by relative strength versus U.S. equities and the yen.Despite a September pullback, gold is still highly esteemed in the minds of investors. This can be seen by the metal's performance when compared against some of its closest competito...Read More

The three-month aluminium price on the London Metal Exchange was higher at the close of trading on Monday October 7, topping a broadly lackluster base metals complex amid low turnover, while zinc's benchmark cash/three-month spread narrowed over the afternoon.Aluminium futures closed at $1,746 per tonne in the afternoon, climbing from an intraday low of $1,714 per tonne, while some 10,100 lots wer...Read More

The junior mining sector provides a massive reward-to-risk proposition, if investors are able to separate the wheat from the chaff.RNC Minerals and McEwen Mining are what I'd consider the chaff of the sector, with high-cost production and significant laggards to their peer group.This article sheds more light on why the two companies are best to avoid.The junior mining sector provides tons of o...Read More

Seaborne iron ore prices were steady on Monday October 7, though Australian miner BHP reported damage to a car dumper at its operations in Port Hedland, Australia.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $93.38 per tonne, unchanged. 62% Fe Pilbara Blend fines, cfr Qingdao: $92.91 per tonne, unchanged. 62% Fe low-alumina fines, cfr Qingdao: $91.72 per tonne, unchanged. ...Read More