CloseGain/LossGold $1346.00+$1.60Silver$16.67+$0.03XAU83.98-0.12%HUI182.48-0.52%GDM637.55-0.20%JSE Gold1097.04-17.23USD89.46-0.30Euro123.78+0.38Yen93.29+0.19Oil$66.22-$1.1710-Year2.832%+0.010T-Bond145.53125+0.125Dow24573.04+0.87%Nasdaq7156.28+0.70%S&P2677.84+0.81% The Metals: Gold chopped between $1348.60 and $1341.20 in Asia before it climbed up to $1350.50 in midmorning...Read More
Comex copper prices recovered further in the US morning on Monday April 16 amid a brief pause in geopolitical tensions. Copper for May settlement on the Comex division of the New York Mercantile Exchange gained 3.60 cents or 1.2% to $3.1070 per lb. "We expect volatility to remain high this week as the geopolitical situation with Russia remains...Read More
"Soon something's going to happen that will make everyone happy again and the market will go up one more time, and that will probably be the last hoorah. Next year will be not a lot of fun."Jim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund to a 4200% return before "retiring" at age 37. He is considered to be one of the greatest investors of all time. Roger...Read More
By Ira EpsteinGold up but momentum lacking.https://www.iraepstein.com/ Read More
Base metals traded on the London Metal Exchange experienced slight upward pressure this morning, Monday April 16, with the complex posting an average gain of 0.5% amid decent trading volumes. Aluminium (+0.8%) and zinc (+0.8%) are leading the pack higher, while copper (-0.1%) is the only LME base metal to trade in negative territory.The slight upward pressure across the industrial metals coincides...Read More
Gerald is outraged. Why are we attacking Syria? Why was it done on Friday, other than to avoid a hit to the markets. And it seems to have worked. But are conventional weapons really more humane than chemical weapons? Gerald thinks not. It's amazing that we're in this situation. Gerald doesn't believe we're heading for a crash, at least not now. But the underlying economy is not so swell. It's weak...Read More
COLORADO SPRINGS, CO, April 16, 2018 (GLOBE NEWSWIRE) -- Gold Resource Corporation (NYSE American: GORO) (the "Company") reports preliminary production results for the first quarter ended March 31, 2018 of approximately 6,647 ounces of gold, 425,884 ounces of silver and significant base metals. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in...Read More
By Ronan Manlyhttps://www.bullionstar.com/On 29 January 2018, the Commodity Futures Trading Commission (CFTC) Division of Enforcement together with the Criminal Division of the US Department of Justice and the FBI announced criminal and civil enforcement actions against 3 global investment banks and 5 traders for involvement in trade spoofing in precious metals futures contracts on the US-based...Read More
Rob Kirby is a financial commentator and former broker who worked on an institutional trading desk for most of the 1980s and right up until 1996. He also worked for 11 years at Prebon Yamane, an international inter-dealer broker of foreign exchange and interest rate products. He spent an additional year at another money/bond broker called Freedom Bond Brokers, then spent two years at Garban Inc.,...Read More
By Jordan Roy-Byrne CMT, MFT A few weeks ago we wrote that it may not be Gold's time yet but a few recent developments suggest its time could be sooner than we anticipated. Although Gold failed to breakout last week, we should note the positive action in the miners. Over the past seven trading days the miners have strongly outperformed Gold. That includes the juniors, which appear very close to...Read More
Many months ago we made an interesting call in Palladium and alerted to this setup on January 24th, 2018. This nearly perfect call included our future price expectations using our advanced ADL price modeling system. Today, we are refreshing that call with a new market call to inform you that our price prediction has played out perfectly and it has completed its pullback. Last January,...Read More
CloseGain/LossGold $1346.00+$1.60Silver$16.67+$0.03XAU83.98-0.12%HUI182.48-0.52%GDM637.55-0.20%JSE Gold1097.04-17.23USD89.46-0.30Euro123.78+0.38Yen93.29+0.19Oil$66.22-$1.1710-Year2.832%+0.010T-Bond145.53125+0.125Dow24573.04+0.87%Nasdaq7156.28+0.70%S&P2677.84+0.81% The Metals: Gold chopped between $1348.60 and $1341.20 in Asia before it climbed up to $1350.50 in midmorning...Read More
The domestic market for hot-rolled (HR) and cold-rolled (CR) steel sheet in the central region of Russia, around Moscow, was quiet during the week ended Monday April 16.Traders with sufficient stocks were able to wait for announcements of prices for May-rolled products, Metal Bulletin was told.Metal Bulletin's weekly assessment of the price for Russia-origin 4mm HR sheet was unchanged on April 16...Read More
By Frank HolmesStrengths? The best performing metal this week was palladium, up 9.16 percent on concerns new Russian sanctions announced at the start of week could disrupt supplies. Gold traders and analysts are at their most bullish on the gold price in a year, according to the weekly Bloomberg survey. Gold ETFs saw holdings increase for seven consecutive days with total holding...Read More
– Global debt bubble hits new all time high – over $237 trillion– Global debt increased 10% or $21 tn in 2017 to nearly a quarter quadrillion USD – Increase in debt equivalent to United States’ ballooning national debt – Global debt up $50 trillion in decade & over 327% of global GDP – $750 trillion of bank derivatives means global debt over $1 quadril...Read More
"War" and "pensions" are conceptually about as different as it's possible to be. But - in a measure of how far into Crazy Town we've wandered - they're both taking the world in the same direction. If a Middle East (or Asian!) war doesn't spike oil prices and push the global economy into recession, then pensions will probably produce the same end result. Here's an excerpt from a much longer New Y...Read More
David Morgan is a world-renown precious metals aficionado. He is the creator of the Silver-Investor.com website and The Morgan Report, a monthly report that covers economic news, overall financial health of the global economy, currency problems and the key reasons for investing in precious metals. A dynamic, much-in-demand speaker all over the globe, David's educational mission also makes him a pr...Read More
Import prices for re-rolling-grade hot-rolled coil sold into Vietnam continued to fall over the past week with offers becoming more competitive amid persistently weak demand.Metal Bulletin's assessment of HRC import prices in Southeast Asia - which mainly looks at Chinese 2-3mm SAE1006 HRC and equivalent grades sold into Vietnam - was $595-607 per tonne cfr for the week ended Monday April 16, down...Read More
CloseGain/LossGold $1346.00+$1.60Silver$16.67+$0.03XAU83.98-0.12%HUI182.48-0.52%GDM637.55-0.20%JSE Gold1097.04-17.23USD89.46-0.30Euro123.78+0.38Yen93.29+0.19Oil$66.22-$1.1710-Year2.832%+0.010T-Bond145.53125+0.125Dow24573.04+0.87%Nasdaq7156.28+0.70%S&P2677.84+0.81% The Metals: Gold chopped between $1348.60 and $1341.20 in Asia before it climbed up to $1350.50 in midmorning...Read More
CloseGain/LossGold $1346.00+$1.60Silver$16.67+$0.03XAU83.98-0.12%HUI182.48-0.52%GDM637.55-0.20%JSE Gold1097.04-17.23USD89.46-0.30Euro123.78+0.38Yen93.29+0.19Oil$66.22-$1.1710-Year2.832%+0.010T-Bond145.53125+0.125Dow24573.04+0.87%Nasdaq7156.28+0.70%S&P2677.84+0.81% The Metals: Gold chopped between $1348.60 and $1341.20 in Asia before it climbed up to $1350.50 in midmorning...Read More