Dear Friend of GATA and Gold:One could spend a lifetime trying to correct the unsupported beliefs about the gold market expressed by Keith Weiner of Monetary Metals, but your secretary/treasurer has his own failings to correct, like his own omission yesterday, in "Does Weiner Really Know What Central Bankers Think Better Than They Themselves Do?" --http://gata.org/node/18115-- of another telling...Read More
Domestic prices for cold-rolled coil (CRC) in the EU have been stable over the past week due to a slow market, sources told Metal Bulletin this week.Buyers have gone into "wait-and-see" mode until the price trend becomes clear, according to market sources."European mills are sold out for second-quarter-rolling coil," a German trader said. "Producers will probably increase prices for the third quar...Read More
The comments above & below is an edited and abridged synopsis of an article by Egon von GreyerzGambling: the wagering of something of value on an event with an uncertain outcome. If you make a bet you may win a prize, but you can also lose it all.The odds are naturally always in favour of the house, and that has not changed for centuries. In the last 100 years, the bankers, or the house, have made...Read More
The gold price is up just 1% year to date in 2018 and has advanced 5.5% from the December 2017 low. There are some bullish signs from the chart, including a number of higher highs and higher lows following the late 2015 bottom at $1,045. But it certainly hasn’t been the powerful breakout the gold bugs have been hoping to see. The late 2017 spike above the resistance trend line was also bulli...Read More
The big questions being tossed around Wall Street today are: why are markets such a mess? Why are we getting these wild swings?The reality is that the markets are NOT a mess. These are actually normal healthy markets. Healthy markets move, sometimes a lot in a small span of time.The real issue is that from '09 until recently, the market was completely artificial because Central Banks cornered ALL...Read More
By Ronan Manlyhttps://www.bullionstar.com/Collectively, the central bank sector claims to hold the world's largest above ground gold bar stockpile, some 33,800 tonnes of gold bars. Individually within this group, some central banks claim to be the top holders of gold bullion in the world, with individual holdings in the thousands of tonnes range.This worldwide central bank group, also known as t...Read More
The comments above & below is an edited and abridged synopsis of an article by Frank HolmesThere are two things that move the gold price: macro drivers (government policies and cultural affinity) and micro drivers (company management and quant factors).Gold's qualities make it one of the most coveted metals in the world and a popular gift in the form of jewelry-the Love Trade. On the other hand is...Read More
The big questions being tossed around Wall Street today are: why are markets such a mess? Why are we getting these wild swings?The reality is that the markets are NOT a mess. These are actually normal healthy markets. Healthy markets move, sometimes a lot in a small span of time.The real issue is that from '09 until recently, the market was completely artificial because Central Banks cornered ALL...Read More
Domestic prices for hot-rolled coil (HRC) in the EU have been stable this week with buyers remaining in "wait-and-see" mode, sources have told Metal Bulletin.Although activity is scarce, prices are not expected to go down, according to market sources.European steelmakers have largely sold out their second-quarter production of HRC, but have not announced new prices yet. The mills will make attempt...Read More
CloseGain/LossGold $1333.40+$23.00Silver$16.60+$0.40XAU80.59+3.16%HUI174.49+3.12%GDM609.50+2.46%JSE Gold1066.77+5.10USD89.65-0.76Euro123.47+1.01Yen94.62+0.54Oil$65.17+$1.6310-Year2.882%-0.005T-Bond143.78125-0.0625Dow24682.31-0.18%Nasdaq7345.29-0.26%S&P2711.93-0.18% The Metals: Gold saw decent gains in Asia and London and climbed $16.10 to as high as $1326.50 in late morni...Read More
CloseGain/LossGold $1333.40+$23.00Silver$16.60+$0.40XAU80.59+3.16%HUI174.49+3.12%GDM609.50+2.46%JSE Gold1066.77+5.10USD89.65-0.76Euro123.47+1.01Yen94.62+0.54Oil$65.17+$1.6310-Year2.882%-0.005T-Bond143.78125-0.0625Dow24682.31-0.18%Nasdaq7345.29-0.26%S&P2711.93-0.18% The Metals: Gold saw decent gains in Asia and London and climbed $16.10 to as high as $1326.50 in late morni...Read More
The big questions being tossed around Wall Street today are: why are markets such a mess? Why are we getting these wild swings?The reality is that the markets are NOT a mess. These are actually normal healthy markets. Healthy markets move, sometimes a lot in a small span of time.The real issue is that from '09 until recently, the market was completely artificial because Central Banks cornered ALL...Read More
By Steve St. AngeloAs investors continue to believe the stock market correction is over, the next big stop for the Dow Jones Index is 19,000. When the Dow falls below 19,000, all doubt will be removed as the best investment strategy would be to sell the rallies, rather than buy the dip. However, most investors buy at the top and sell at the bottom. So, it looks like investor carnage will c...Read More
As investors continue to believe the stock market correction is over, the next big stop for the Dow Jones Index is 19,000. When the Dow falls below 19,000, all doubt will be removed as the best investment strategy would be to sell the rallies, rather than buy the dip. However, most investors buy at the top and sell at the bottom. So, it looks like investor carnage will continue for the fores...Read More
Standard Deviation of Gold, Silver & Platinum (2008-2017)Sources: poundsterlinglive.com; LBMA; BMG Group Inc.Read More
Full Article: The Most Important Hearings Of The Young CenturyBy: Lawrence WilkersonOn MSNBC's "All In" on March 13, I discussed how the removal of Rex Tillerson from the position of secretary of state was the final triumph of largely Republican efforts-but with complicit Democrats as well-to consolidate the making of foreign and security policy exclusively in the White House. Since the 1947 Nati...Read More
By Ira EpsteinMetals get a strong rally off falling US Dollar after FOMC Announcement. http://iraepstein.com/Read More
China's hot-rolled coil prices started descending again on Wednesday March 21, especially in the eastern region, following a big drop in the futures market.DomesticEastern China (Shanghai): 3,850-3,900 yuan ($608-616) per tonne, down by 30-50 yuan per tonneNorthern China (Tianjin): 3,870-3,900 yuan per tonne, widened downward by 10 yuan per tonneThe paper market slumped during the day, with the be...Read More
The big questions being tossed around Wall Street today are: why are markets such a mess? Why are we getting these wild swings?The reality is that the markets are NOT a mess. These are actually normal healthy markets. Healthy markets move, sometimes a lot in a small span of time.The real issue is that from '09 until recently, the market was completely artificial because Central Banks cornered ALL...Read More
Are you feeling lucky? We all should. Whether you're short or long gold (or you're waiting on the sidelines), the additional day of signals is truly a blessing. That is if you know what to look at. The previous days and weeks provided us with multiple signs and yesterday's price action served as the - likely final - sign before the big price move. Were you listening? Let's start today's analysi...Read More