Will this Friday's US jobs report be the catalyst that sends gold above the key $1370 resistance zone and ushers in a new era of institutional enthusiasm for gold stocks?The US stock market suffered yet another "cardiac arrest" moment yesterday.Market breadth has thinned horrifically, and the low rates and QE that have incentivized corporate buybacks have been replaced with rising rates and QT. Th...Read More
Financial crises tend to start at the periphery and work their way into a system's core. Think subprime mortgages (a tiny little niche of a few hundred billion dollars) that blew up in 2007 and nearly brought the curtain down on the whole show.There's no guarantee that the same dynamic will play out this time, but stage one - the bursting of peripheral bubbles - has definitely arrived, with thre...Read More
By Craig HemkeThere continue to be all sorts of purported analysts out there who insist that the price of gold is determined through physical supply and demand. These folks cling to the arcane notion that somehow fundamental factors are the key determinant of the daily price. Nothing could be further from the truth. Whether it's organizations like the World Gold Council, sell-side bullion bank s...Read More
The Prices Paid Index just rose for its fourth straight month to 78.1: its highest level since April 2011.Why does this matter?Because it's a MAJOR warning that inflation is coming.You see, when inflation hits, it doesn't hit all at once. Instead it rolls out into the economy in stages.The first stage occurs at the "production" level of the economy. In this stage, managers at large manufacturers/p...Read More
Trading activity in China's hot-rolled coil market continued at a sluggish pace on Tuesday April 3 with both buyers and sellers waiting for a clearer pricing trend to emerge.DomesticEastern China (Shanghai): 3,850-3,880 yuan ($613-618) per tonne, widened downward by 10 yuan per tonneNorthern China (Tianjin): 3,840-3,870 yuan per tonne, widened downward by 10 yuan per tonneHRC prices widened downwa...Read More
Graceland UpdatesBy Stewart Thomson 1. Will this Friday's US jobs report be the catalyst that sends gold above the key $1370 resistance zone and ushers in a new era of institutional enthusiasm for gold stocks?2. Please click here now. Double click to enlarge. The US stock market suffered yet another "cardiac arrest" moment yesterday. 3. Market breadth has thinned horri...Read More
In an essay at the Monetary Metals blog headlined "Backwardation, the Bank of England, and Falling Prices" --https://monetary-metals.com/backwardation-the-bank-of-england-and-fallin...-- the firm's vice president of operations, Bron Suchecki, offers an explanation of one of the anomalies of the gold market, backwardation (when prices for immediate or spot delivery are higher than prices for future...Read More
By Steve St. AngeloAs the BLOOD continues to run on Wall Street, gold and silver were the few assets trading in the green today. As I have mentioned in past articles and interviews, investors need to get used to this sort of trading activity. Even though the Dow Jones Index ended off its lows of the day, it shed another 458 points while the Nasdaq declined 190 points and the S&P fell 60.As t...Read More
We've certainly got plenty to look at in coming days, but perhaps a good place to start is with a review of some of the latest COTs, because of their implications for the immediate future. The following charts make very clear why those in control of publishing COT data hold up its release for three days (the data is always for Tuesday's close) so that those at the top of the food chain can positio...Read More
The Prices Paid Index just rose for its fourth straight month to 78.1: its highest level since April 2011.Why does this matter?Because it's a MAJOR warning that inflation is coming.You see, when inflation hits, it doesn't hit all at once. Instead it rolls out into the economy in stages.The first stage occurs at the "production" level of the economy. In this stage, managers at large manufacturers/p...Read More
Let's tie two topics we have treated, one in exhaustive depth and the other in an ongoing series. They are bitcoin and capital consumption. By now, everyone knows that the price of bitcoin crashed. Barrels of electrons are being spilled discussing and debating why, and if/when the price will go back to what it ought to be ($1,000,000 we are told).As an aside, in what other market is there a sense...Read More
Dear Friend of GATA and Gold:In an essay at the Monetary Metals blog headlined "Backwardation, the Bank of England, and Falling Prices" --https://monetary-metals.com/backwardation-the-bank-of-england-and-fallin...-- the firm's vice president of operations, Bron Suchecki, offers an explanation of one of the anomalies of the gold market, backwardation (when prices for immediate or spot delivery ar...Read More
Prices for imported billet in the United Arab Emirates were unchanged this week, while import rebar prices fell, sources told Metal Bulletin on Tuesday April 3. Demand for imported rebar in both the UAE and Saudi Arabia remained weak. Domestic rebar The major rebar producers in the UAE announced new rebar prices on March 26. The biggest steel producer, Emirates Steel, increased its rebar...Read More
Source: Jack Chan for Streetwise Reports 04/02/2018 Technical analyst Jack Chan updates the gold and silver charts. -->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 week...Read More
- Gold signs off Q1 2018 with best run since 2011- Gold price supported by safe haven demand, interest-rate concerns and inflation- Trade wars and concerns over equity market have sent investors towards gold- ETF holdings highest in nearly a decade- Goldman Sachs: 'The dislocation between the gold prices and U.S. rates is here to stay'Gold ended March with its best performance since 2011. The safe...Read More
SHANGHAI, Apr 3 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index rebounded to 90 following the release of upbeat economic data.SHFE metals saw mixed trading overnight with aluminium rising over 1%. Copper and tin inched up, while others edged down slightly.China’s Caixin/Markit manufacturing purchasing manag...Read More
Tim Termuende of Eagle Plains Resources discusses the strategy behind spinning-out and spotlighting the Taiga Gold Corp. exploration projects while outlining the anticipated benefits this may have for shareholders. Eagle Plains proposes to Spin-out Taiga Gold Corp. on a 1 Taiga for 2 Eagle Plains share basis, shareholders will retain their Eagle Plains share.http://www.eagleplains.com/ Read More
Source: Clive Maund for Streetwise Reports 04/01/2018 Technical analyst Clive Maund reviews the most recent COT reports, and sees gold and silver diverging right now. -->We've certainly got plenty to look at in coming days, but perhaps a good place to start is with a review of some of the latest COTs, because of their implications for the immediate future. The following charts make very cle...Read More
Continue...David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David is the founder of David Stockman's Contra Corner, and he is the author of The Great Deformation: The Corruption of Capitalism...Read More
India's Tata Steel hit a peak hot-metal output of 10.95 million tonnes in the financial year ending March 2018 at its blast furnaces in Jamshedpur, compared with 10.83 million tonnes a year ago.It also achieved its best ever saleable steel production of 9.78 million tonnes in the financial year ending March 2018, compared to 9.7 million tonnes in the same period last year, the company said last we...Read More