Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort305,81291,12864,523161,458396,010531,793551,661Change from Prior Reporting Period 3,949976-8,6473,2565,301-1,442-2,370Traders18096874657269202 Small Speculators LongShortOpen Interest 50,62830,760582,421 1,5302,45888 non reportable positionsChange from the previous reporting peri...Read More
Gold's strong upleg accelerated this week, powering to major new breakout highs. Speculators rushed to buy gold futures following surprising weak-dollar comments from the US Treasury Secretary, which hit the US dollar hard. That boosted gold to critical technical levels that should really intensify the shift back to bullish psychology. This mounting gold breakout confirms gold's bull market is ver...Read More
Metal Bulletin is proposing to update the specifications for its India domestic billet and rebar assessments to provide a clearer distinction between the primary and secondary markets in India. The specifications for domestic billet will be updated to better reflect price assessments for secondary-grade IS 2831 billet, 125x125mm thick. The specifications for domestic rebar will be updated to bette...Read More
Gold's strong upleg accelerated this week, powering to major new breakout highs. Speculators rushed to buy gold futures following surprising weak-dollar comments from the US Treasury Secretary, which hit the US dollar hard. That boosted gold to critical technical levels that should really intensify the shift back to bullish psychology. This mounting gold breakout confirms gold's bull marke...Read More
Tesla is running out of time...This shouldn't surprise regular readers. You see, I've been warning about Tesla's problems for months.Continue...Read More
Davos elite hear warnings of complacency akin to 2007 as economic risks grow- Toxic mix of infallible belief, arrogance, megalomania and economic ignorance- Some express concern economies are vulnerable due to imbalances, trade, geo-political tensions- Soros: Trump creating 'mafia state' & 'set on a course towards nuclear war' with N Korea- Bond bear market, rising interest rates and massive $...Read More
By Dave KranzlerThe impending economic collapse is hidden from most. People only see a rising stock market, not the negative underlying factors that will cause the whole system to crash. - Peter SchiffThe average middle class household is getting squeezed by an income that is not keeping up with the cost of living. Unfortunately, a major portion of the cost of living has become debt service. Mos...Read More
China's domestic rebar prices lost their upward momentum on Friday January 26 and returned to Wednesday's levels due to sparse trading and weak futures.Domestic Eastern China (Shanghai): 3,850-3,900 yuan ($608-616) per tonne, down 20 yuan per tonne Northern China (Beijing): 3,900-3,950 yuan per tonne, down 20 yuan per tonne Trading activity remained thin due to extremely low temperatures in north...Read More
*This event took place on Jan. 21-22, 2018Jim Rickards is a lawyer, investment banker and economist with over thirty years' experience in capital markets. He is currently Chief Global Strategist at Meraglim. He advises the Department of Defense, the U.S. intelligence community, and major hedge funds on global finance, and served as a facilitator of the first ever financial war games conducted by t...Read More
The following Jackass forecasts listed within the article for this new year are fully consistent with the Hat Trick Letter analysis over the last few years. All are on the verge of occurrence. If even one quarter of these calls comes into reality, the world will become a better place. In the current year upon us, the following events will begin to take form in some path with recognized progress. T...Read More
The following Jackass forecasts listed within the article for this new year are fully consistent with the Hat Trick Letter analysis over the last few years. All are on the verge of occurrence. If even one quarter of these calls comes into reality, the world will become a better place. In the current year upon us, the following events will begin to take form in some path with recognized progress....Read More
Goldmoney's Head of Research, Alasdair Macleod, shares his thoughts on gold and the USD. Alasdair Macleod is head of research for GoldMoney. He also runs FinanceAndEconomics.org, a website dedicated to sound money and demystifying finance and economics. He has a background as a stockbroker, banker and economist. Read More
What we are about to witness in the markets will be similar to watching a gigantic controlled demolition, like say the World Trade Center controlled demolition in NYC. The initial charge that starts the whole sequence of momentous events is the dollar breakdown of recent days. This was triggered by the imposition of destructive trade tariffs by the Trump Administration who then made it plain they...Read More
European stainless steel base prices have remained unchanged over the past week, with market participants expecting new mill offers to come in early February, sources told Metal Bulletin on Friday January 26.Metal Bulletin's weekly base price assessment on Friday for 2mm, grade-304 CR stainless steel sheet was ?,?1,060-1,120 ($1,318-1,392) per tonne delivered in Northern Europe."Mills seem to have...Read More
What we are about to witness in the markets will be similar to watching a gigantic controlled demolition, like say the World Trade Center controlled demolition in NYC. The initial charge that starts the whole sequence of momentous events is the dollar breakdown of recent days. This was triggered by the imposition of destructive trade tariffs by the Trump Administration who then made it plain the...Read More
This past week has been momentous because the dollar has finally broken down from its giant 3-year long Broadening Top pattern, and fundamental developments suggest that it will continue to weaken, and since it has now broken down decisively, the rate is decline is likely to accelerate. These fundamental developments include the imposition of tariffs, long proven to be self-defeating and economica...Read More
By Richard (Rick) MillsAs a general rule, the most successful man in life is the man who has the best informationCrude oil prices dropped from $110 a barrel in the summer of 2014 to about $30 in January 2016. The effect on oil producers and oil-producing countries was dramatic. The Russian ruble plunged, and the Canadian dollar slipped to below 70 cents US for the first time since 2003, kicking...Read More
China's ferrous futures mostly fell during morning trading on Friday January 26 following the release of the latest Chinese customs data a day earlier. Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,944 ($623) per tonne, down 15 yuan per tonne May hot-rolled coil: 3,963 yuan per tonne, down 5 yuan per tonne Dalian Commodity Exchange May iron ore: 519.50 yuan per to...Read More
Here are a few charts on the USD, Gold, Silver and GDX showing the Thursday's reversals. One day does not make a trend. However, today Friday is a new trading day. Let's see what it brings...? ********* Read More
In yesterday's alert, we wrote that the situation could change quickly and that in such a case, we would send another alert. Six minutes after yesterday's opening bell, we already posted the second alert. And for a very good reason. The USD Index took a deep dive and metals were not even close to reacting in a normal way. They were actually a bit lower. We know an extremely bearish signal when w...Read More