The neocons, not to mention members of military-industrial complex, are furious at the thought of losing Russia as the biggest global bogeyman Continue...Read More
China's domestic rebar prices moved down on Monday July 16 amid a subdued futures market. ...Read More
U.S. retail sales posted solid gain in June, buoyed by increases in purchases of motor vehicles and a range of other goods, increasing expectations for solid economic growth inContinue...Read More
Featuring views and opinions written by market professionals, not staff journalists.Continue...Read More
A look at how seasonality is much different over the last 5 years than the last 10,20 and 45. The pattern of the last 5 years implies a sharp decline by the end of summer. That differs from the generic look at the last few decades.Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publi...Read More
A CIBC report discussed the terms and implications of the agreement. Copper tubes.In a July 13, 2018, research note, CIBC analyst Oscar Cabrera reported that Freeport-McMoRan Inc. (FCX:NYSE) entered a nonbinding agreement with state-owned PT Indonesia Asahan Aluminium (INALUM) and Rio Tinto regarding the Grasberg joint venture (JV) project in Indonesia. Upon closing of the transaction, expected i...Read More
Technical analyst Jack Chan charts the latest moves in the gold and silver markets.Our proprietary cycle indicator is up.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.Gold sector is on a short-term buy signal. Short-term signals can last for days and weeks, and are more suitable for traders.Our ra...Read More
Warwick Smith, the CEO of American Pacific Mining, and Eric Saderholm, its president, talk with Gerardo Del Real of Resource Stock Digest about their highly prospective gold project in Nevada. American Pacific's Tuscarora ProjectGerardo Del Real: This is Gerardo Del Real with Resource Stock Digest. Joining me today is the CEO of American Pacific Mining Corp. (USGD:CSE;USGDF:OTCPK) and the preside...Read More
China's crude steel and finished steel output both increased on year-on-year basis in the first six months of 2018 amid healthy profits. ...Read More
Higher producer sales prices for 37% manganese ore have moved the low-grade market ahead of high grade in Metal Bulletin's pricing session in the week ended Friday July 13. ...Read More
Ferro-chrome prices continued to fall in China on Friday July 13 after smelters restarts boosted the domestic supply outlook. ...Read More
CloseGain/LossGold $1241.20-$0.40Silver$15.79-$0.01XAU80.14-0.36%HUI173.06-0.27%GDM609.23-0.54%JSE Gold1015.01-15.26USD94.52-0.20Euro117.12+0.28Yen88.91-0.10Oil$68.06-$2.9510-Year2.853%+0.020T-Bond145.21875-0.46875Dow25064.36+0.18%Nasdaq7805.72-0.26%S&P2798.43-0.10% The Metals: Gold edged up to $1245.60 in Asia before it dropped back to $1238.40 in early afternoon New Yor...Read More
Aimingto make money on gold price’s decline is always controversial. The long-termfundamentals remain favorable and gold and silver are likely to exceed theirprevious highs in the coming years. True, but that doesn’t mean that bothmetals can’t move even lower in the next several weeks or even months.Different factors govern more short-term-oriented trades as markets areemotional,...Read More
For those that follow me regularly, you will know that I have been tracking a set-up for the SPDR Gold Trust ETF (NYSEARCA:GLD), which I analyze as a proxy for the gold market. I also believe that gold can outperform the general equity market once we confirm a long-term break out has begun. While I have gone on record as to why I do not think the GLD ETF is a wise long-term investment hold, I stil...Read More
CloseGain/LossGold $1241.20-$0.40Silver$15.79-$0.01XAU80.14-0.36%HUI173.06-0.27%GDM609.23-0.54%JSE Gold1015.01-15.26USD94.52-0.20Euro117.12+0.28Yen88.91-0.10Oil$68.06-$2.9510-Year2.853%+0.020T-Bond145.21875-0.46875Dow25064.36+0.18%Nasdaq7805.72-0.26%S&P2798.43-0.10% The Metals: Gold edged up to $1245.60 in Asia before it dropped back to $1238.40 in early afternoon New Yor...Read More
CloseGain/LossGold $1241.20-$0.40Silver$15.79-$0.01XAU80.14-0.36%HUI173.06-0.27%GDM609.23-0.54%JSE Gold1015.01-15.26USD94.52-0.20Euro117.12+0.28Yen88.91-0.10Oil$68.06-$2.9510-Year2.853%+0.020T-Bond145.21875-0.46875Dow25064.36+0.18%Nasdaq7805.72-0.26%S&P2798.43-0.10% The Metals: Gold edged up to $1245.60 in Asia before it dropped back to $1238.40 in early afternoon New Yor...Read More
TECHNICAL SCOOPCharts and commentary by David ChapmanPhone: 416-523-5454 Email: david@davidchapman.comTwitter: @Davcha12July 16, 2018We should keep on going along the path of globalization. Globalization is good...when trade stops, war comes. Jack Ma, Executive Chairman, Alibaba Group As history has repeatedly proven, one trade tariff begets another, then another until you've got a full-blown t...Read More
By Frank HolmesStrengths? The best performing metal this week was gold, down 1.10 percent. Holdings in the SPDR Gold Shares ETF, which accounts for more than one-third of total bullion-backed ETFs, have fallen to the smallest since August. However, gold assets in the London-listed iShares Physical Gold ETC are at a new record. Investors in the U.K. are seeking a haven for their i...Read More
Housing bubbles proceed in fairly predictable stages. Stage One is long and (initially) slow, fueled by excess central bank money creation or foreign demand or some other source of liquidity that encourages large numbers of people to buy houses. At first, sellers remember the peak prices from the previous bubble and aren't willing to sell at anything less than that (in finance-speak, they're "an...Read More
By Ricky WenThe market went according to expectations and projections in the second week of July after the first week's huge bull reversal week. The bulls were able to retain their bull train momentum from the prior week and managed to do a decent job on the standard continuation upside pattern demonstrated by the consecutive higher lows and higher highs on the micro charts.For the most part it...Read More