By Nathan McDonaldThe market stands on a sinkhole, waiting for the next feather to drop. A feather that will bring down the system and send us into another economic crisis that will make the 2008 crash look like an opening act. For years, I and many others within the precious metals space have written about a hidden war unfolding behind the scenes. To those with wide open eyes, you can see it, y...Read More

Investors are a little circumspect about Australian remote-power generator Pacific Energy's debt-funded A$90 million (US$70 million) acquisition of rival Contract Power Group (CPG), and suspension of dividend payments, marking Pacific's shares down slightly after it emerged from a trading halt.Staff reporter Panoramic Resources' Pacific Energy power plant in Western Australia23 MARCH 201823/03...Read More

China's hot-rolled coil prices tumbled on Friday March 23 along with the paper market amid mounting trade tensions between the country and the United States.DomesticEastern China (Shanghai): 3,760-3,800 yuan ($594-600) per tonne, down 120 yuan per tonneNorthern China (Tianjin): 3,710-3,740 yuan per tonne, down 160 yuan per tonneHRC futures slumped during Thursday night's trading session with risk...Read More

The Dow gave up more than 400 points by the closeThe Dow finishedin the red once again,as trade war concerns overshadowed the spending bill President Donald Trump signed (after threatening a veto), averting a government shutdown. After boasting a 150-point gain early on, thanks to a strong earnings reaction from Nike (NKE), the blue-chip index reversed to end more than 400 points lower, closing a...Read More

Jordan discusses the latest in the gold market and how it has been quite subdued. He is not predicting an imminent breakout although one should be looking to take advantage of the value out there. Juniors are unlikely to get much cheaper than where they are now, so there is minimal downside risk. The market will improve it's just a matter of timing. There is still a bit of time before we make the...Read More

Precious metals expert Michael Ballanger takes a look back at the highs and lows of the TSX Venture, contemplates the zinc and silver markets, and comments on "bullish" acquisition.To start, take a look at the chart I have posted below and tell me that is not a great-looking chart. It is the chart of the TSX Venture Exchange, the exchange that has financed a great many of the world's biggest disco...Read More

(Bloomberg) - Gold futures headed for the biggest weekly advance in almost two years, extending gains Friday and pushing up producer stocks, as mounting economic and geopolitical tensions fueled demand for the metal as a haven. Bullion rose midweek as the Federal Reserve stuck with plans to raise rates only three times this year. It moved higher Friday as prospects of a trade fight between the U...Read More

The opening salvos have been fired and the body count could soon start piling up. No, I am not talking about the steel and aluminum tariffs announced by Trump a couple of weeks ago (which seemed to be more of a ploy to try and encourage favorable NAFTA/trade negotiations rather than a real act of 'war'). Rather, the sides doing battle now are the world's two biggest economic guns - the U.S....Read More

 CloseGain/LossOn WeekGold $1345.70+$17.40+2.44%Silver$16.53+$0.14+1.22%XAU81.50+2.66%+3.56%HUI176.86+3.01%+3.33%GDM616.94+2.55%+3.08%JSE Gold1131.26+41.30+7.65%USD89.45-0.33-0.84%Euro123.56+0.45+0.56%Yen95.70+0.61+1.46%Oil$65.88+$1.58+5.68%10-Year2.812%-0.009-1.16%Bond145.00+0.25-0.32%Dow23533.20-1.77%-5.67%Nasdaq6992.67-2.43%-6.54%S&P2588.26-2.10%-5.95%  The Metals: Gold...Read More

By DavidSmith, It's a safe bet that most readers of this column who holdphysical precious metals – gold, silver, platinum and palladium – do so becausethey view them as a store of value. Gold and silver especially, have served inthe role of honest money for at least five millennia.With a melting point 700 degrees higher than gold, the Spaniardsweren't able to determine how to utilize p...Read More

Former Dallas Fed advisor Danielle DiMartino Booth, S&P equity chief investment officer Erin Gibbs and Hartland & Co. Senior Managing Director Jim Awad on the Federal Reserve's decision to raise interest rates and how it impacted the market.Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Mone...Read More

BAC shares are getting whacked todayThe Dow is below breakeven today, as it heads for another weekly loss. Three stocks making notable moves are data storage issue Dropbox, Inc. (NASDAQ:DBX), financial name Bank of America Corp (NYSE:BAC), and tobacco concern Alliance One International, Inc. (NYSE:AOI). Let's take a closer look at what's moving shares of DBX, BAC, and AOI. DBX Stock Explodes In...Read More

BRUSSELS (Reuters) - European Union leaders called on Friday for a temporary exemption from U.S. import duties on steel and aluminum to be made permanent, saying they reserved the right to respond “in a proportionate manner” to protect the bloc’s interests.The 40-day exemption granted by Washington was like U.S. President Donald Trump “putting a gun to our head”, Belg...Read More

Sector expert Ron Struthers outlines his investment thesis for an explorer with ten-bagger potential, and offers his take on the relationship between interest rate hikes and the price of gold. On March 21, Fed chair Jerome Powell held his maiden post-policy statement press conference. As expected rates went up a quarter-point, and also as expected there was some softness in the gold price leading...Read More

Metal Bulletin reviews the major stories that have affected the steel market over the past week.Increasing trade tensions between the United States and China had significant repercussions on the global steel markets on Friday March 23.Ferrous futures in China plunged during the morning trading session, with both countries announcing tariffs on each other's products.China has announced plans to imp...Read More

MUMBAI/BENGALURU, March 23 (Reuters) - Physical gold demand in Asian hot spots slouched this week as higher global prices made buyers hold off on purchases and as discounts in India widened to their highest in 6-1/2 months."Demand is very weak. At the current price level, retail buyers and jewellers are not making purchases," said Ashok Jain, proprietor of Mumbai-based wholesaler Chenaji Narsinghj...Read More

The junior gold miners' stocks have spent much of the past year grinding sideways near lows, sapping confidence and breeding widespread bearishness. The entire precious-metals sector has been left for dead, eclipsed by the dazzling taxphoria stock-market rally. But traders need to keep their eyes on the fundamental ball so herd sentiment doesn't mislead them. The juniors' recent Q4 results...Read More

Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort223,88275,151102,004173,307340,577499,193517,732Change from Prior Reporting Period -10,5498,66819,29111,703-9,83720,44518,122Traders17890965160278205 Small Speculators LongShortOpen Interest 46,30627,767545,499 -1,70861518,737 non reportable positionsChange from the previous repo...Read More

During this 50+ minute interview, Jason asks Lynette about a number of topics including:1) Why despite Fed rate hikes the last 12 months and massive QE from the ECB and BOJ the US Dollar is sputtering?2) Is the bond bull market over?3) Why do so many Americans favor crypto currencies to precious metals now?4) Will China's credit bubble pop before other credit bubbles and asset bubbles burst?Lynett...Read More

Analysts and options traders are bullish on the casino stockWynn Resorts, Limited (NASDAQ:WYNN) is up 1% today to trade at $177.34, on news the casino's founder and former CEO Steve Wynn has sold his entire stake in the company. Plus, Macau's Galaxy Entertainment revealed a 5% stake in WYNN -- a move that had Jefferies reiterating its "buy" rating, while Union Gaming upgraded the stock to "buy" fr...Read More