CloseGain/LossGold $1251.80-$7.10Silver$16.05-$0.25XAU79.93-0.69%HUI170.45-1.43%GDM607.67-0.74%JSE Gold1032.87+8.41USD95.34+0.63Euro115.56-0.91Yen90.79-0.16Oil$72.76+$2.2310-Year2.828%-0.052T-Bond145.21875+0.96875Dow24117.59-0.68%Nasdaq7445.08-1.54%S&P2699.63-0.86% The Metals: Gold edged up to $1259.90 at about 8AM EST, but it then drifted back lower into the close and en...Read More
Domestic prices for mesh-quality wire rod produced and delivered in both Northern and Southern Europe remained largely unchanged over the past week, sources said on Wednesday June 27.Metal Bulletin's weekly domestic price assessment for mesh-quality wire rod in Northern Europe widened downwards by ?,?5 per tonne on Wednesday at ?,?530-545 ($619-636) per tonne delivered, compared with ?,?535-5...Read More
CloseGain/LossGold $1251.80-$7.10Silver$16.05-$0.25XAU79.93-0.69%HUI170.45-1.43%GDM607.67-0.74%JSE Gold1032.87+8.41USD95.34+0.63Euro115.56-0.91Yen90.79-0.16Oil$72.76+$2.2310-Year2.828%-0.052T-Bond145.21875+0.96875Dow24117.59-0.68%Nasdaq7445.08-1.54%S&P2699.63-0.86% The Metals: Gold edged up to $1259.90 at about 8AM EST, but it then drifted back lower into the close and en...Read More
By Ryan WildayThose key levels were $7075 and $505, the May 28 lows.And, while it did bring bitcoin down hard, we've seen very little decline in ethereum. I had suggested in previous writings and on my Korelin Report discussions that we've seen some fledgling signs of decoupling in some alt coins from bitcoin movements since April. This is further evidence.Not only did bitcoin break $7075 but pl...Read More
By Keith WeinerA gold bond is debt obligation that is denominated in gold, with interest and principal paid in gold. As I will explain below, it's a way for the issuer to pay off its debt in full, and there are other advantages.Sometimes, I find that it's helpful to show a picture of what I'm talking about. At the Harvard Club in New York, an old gold bond is hanging on the wall among other memo...Read More
By Jordan Roy-Byrne CMT, MFTA We do not focus too much on the US dollar because in the big picture Gold usually leads movements in the dollar. As it pertains to the present, Gold's failure to breakout (while the dollar made two new lows since the summer 2016 peak in Gold) implies that the dollar, at worst is not going much lower anytime soon. At best, it could signal that the dollar's bull mark...Read More
In yesterday's intraday Alert, we explained why the short-term outlook for the precious metals changed from bearish to neutral and we took profits from our short positions. It was not just the fact that the price targets were reached for gold and silver. The key to the change in the outlook was seeing the confirmations from gold's performance relative to the USD Index and from the mining stocks'...Read More
Being huge, consequential and technologically advanced, China isn't normally lumped into the "emerging" category with Brazil and Argentina. To most observers they've already left the kids table and are now seated with the developed-world adults. But that might be premature. A big part of China's economic ascendance was purchased with borrowed money - including a lot of US dollars - and came at t...Read More
- London house prices down 1.9 per cent in Q2 (yoy)- London house prices still 50% above 2007 bubble peak (see chart)- Brexit and weak consumer confidence to blame say experts- Little sign that U.K. property "weakness" is likely to change- London property bubble appears to be burstingFrom Bloomberg:U.K. house-price growth has slowed to the weakest pace in five years, while London values are...Read More
Most European steelmakers have increased their hot-rolled coil prices by ?,?20 ($23) per tonne this week, sources told Metal Bulletin on Wednesday June 27.The rises are expected to be supported by the impact of the preliminary findings in a European Commission safeguarding case, along with a lack of competitive import offers, according to market sources.The EC opened an in...Read More
Full Article: Could A Big Move In The Global Markets Be Setting Up?By: Chris VermeulenOver the past few months, our research team has authored many articles regarding the weakness in China/Asia as well as the recent rotation in the global markets as trade issues, debt issues, the G7 meeting and, more recently, concerns in the US and Europe regarding immigration and political issues create chaos i...Read More
The latest metal markets news and price moves for the start of the North American day on Wednesday June 27. Base metals on the London Metal Exchange continued to drift lower during morning trading, with ongoing trade uncertainties, a firm dollar and broad inventory drawdowns putting pressure on the complex. Here's how LME prices looked at 12:34pm in London. Hassan Butt had the latest on exchange p...Read More
Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Wednesday June 27.Base metals prices on the Shanghai Futures Exchange remained under pressure from simmering global trade tensions as well as a firm dollar during Asian morning trading on Wednesday, but the complex has benefited from a slight improvement in risk sentiment overnight with most p...Read More
SHANGHAI, Jun 27 (SMM) – Nonferrous metals futures mostly rebounded on Wednesday June 27 with SHFE lead leading the gains again with a rise of nearly 2%. Zinc gained 1.6%, aluminium rose 0.75%, and tin inched up. Nickel closed 0.56% lower, and copper went down slightly. The ferrous complex, except for hot-rolled coil, dipped across the board but at a slower pace. Coke fell nearly 1% and...Read More
Lynette Zang issues a clarification on what happened to the gold to silver ratio during the Weimar Hyperinflation. Here's the details...Lynette Zang from ITM Trading:Link to Slides and Sources:Slide #10https://www.silverdoctors.com/gold/go...CC BY-SA 3.0, https://en.wikipedia.org/w/index.php?...http://foundationsofecon.blogspot.com...http://209.157.64.200/focus/f-blogger...Slide #11https://www.sil...Read More
David Morgan says all manipulations come to an end, and when the silver manipulation ends, there will be a backlash of anger in these ways...David Morgan interviewed on Reluctant PreppersSilver Guru David Morgan, freshly back from G. Edward Griffin's Red Pill Expo in Spokane WA, briefs us on his most impactful takeaways from this leading edge & speaker-packed conference.Morgan also tackles multipl...Read More
Base metals on the London Metal Exchange ended mostly higher at the close of trading on Wednesday June 27, with nickel and zinc prices making a slight recovery from recent lulls while copper and tin prices continue to drift. Falling 0.3% over the afternoon, copper's three-month price closed at a three-month low, ending below $6,700 per tonne for the first time since March 28. The red metal ha...Read More
Comex copper prices were once again facing a bout of selling with a stronger dollar and the persistent threat of additional tariffs weighing on the red metal. Copper for September settlement on the Comex division of the New York Mercantile Exchange dipped 1.50 cents or 0.5% to $2.9770 per lb. The With trade tensions mounting, commodities continue to face pressure from macroeconomic instability, ty...Read More
Iron ore prices remained largely rangebound on Wednesday June 27, though those for high-grade fines and lumps continued to strengthen.Metal Bulletin 62% Fe Iron Ore Index: $64.60 per tonne cfr Qingdao, down $2.02 per tonneMetal Bulletin 58% Fe Premium Index: $52.49 per tonne cfr Qingdao, down $0.28 per tonneMetal Bulletin 65% Fe Iron Ore Index: $90.60 per tonne cfr Qingdao, up $0.20 per tonneMetal...Read More
SHANGHAI, Jun 27 (SMM) – Nonferrous metals futures mostly rebounded on Wednesday June 27 with SHFE lead leading the gains again with a rise of nearly 2%. Zinc gained 1.6%, aluminium rose 0.75%, and tin inched up. Nickel closed 0.56% lower, and copper went down slightly. The ferrous complex, except for hot-rolled coil, dipped across the board but at a slower pace. Coke fell nearly 1% and...Read More