In March of this year, the London Bullion Market Association (LBMA) released a series of short videos about various aspects of the London precious metals markets and the role the LBMA claims to plays in those markets. In the words of the LBMA:“LBMA, the Global Authority for Precious Metals, has released five short films highlighting the pivotal role it plays in the global wholesale precious...Read More

Drop in gold prices props up physical buying in Asia Gold edged higher on Monday as investors found the metal attractive after prices fell to a 19-month low last week, while a rising dollar weighed on the market ahead of planned US-China trade talks.The precious metal shed 2.2 per cent last week in its sixth straight weekly decline and worst weekly performance since December."Though the metal look...Read More

The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.FUNDAMENTALS* Malaysian palm oil futures edged lower on Tuesday evening after three straight sessions of gains, pressured by a stronger ringgit and weaker related edible oils. POI/* U.S. corn futures fell about 2 percent on Wednesday and soybeans declined almost as much, pressured by strong yie...Read More

* MSCI ex-Japan gain 0.3 pct, Nikkei jumps 0.8 pct* U.S., Mexico reach NAFTA deal, turn up pressure on Canada* Analysts treating the risk rally with caution* Some major currencies rally against the dollarBy Swati PandeySYDNEY, Aug 28 (Reuters) - Asian shares advanced again on Tuesday while major currencies held on to gains amid hopes global tariff tensions were abating as the United States and Mex...Read More

McClellan Financial Publications, IncPosted Sep 19, 2021Sep 16, 2021With rising worries about September’s bad reputation for the stock market, and with a small drawdown in stock prices, investors seem to have suddenly turned a lot more bearish.That bearishness constitutes fuel for sustaining an uptrend, as all of those bears will turn into buyers as they flip back to a less bearish stance.Th...Read More

McClellan Financial Publications, IncPosted Oct 6, 2021Sep 30, 2021I like getting answers ahead of time, especially answers about the financial markets.One of the best answer-givers I have found is the movements of gold prices.Gold leads grain prices by about 15 months, bond yields by 20-1/2 months, and in this week’s chart we see that it leads oil prices by just shy of 20 months. To create...Read More

By Michael Every of RabobankThe Story is the StoryToday is a US payrolls Friday. I have covered 277 of these releases. A handful were of any lasting interest, signalling something the market didn't already know beforehand, and a few dozen more were higher/lower enough to get a few days of trading from. The expectation is 500K, which I remind everyone is way, waaay lower than the implied "1 million...Read More

Well, coming into today's payrolls report we said that the number would be a beat and the only question was how big, as a result of millions of Americans seeing their emergency benefits expiring. Boy were we wrong: moments ago the BLS reported that with expectations of a 500K print and whisper numbers sharply higher, in September the US added just 194K jobs (in fact, the number came below the...Read More

Via SchiffGold.com,Peter Schiff says we're living in a financial twilight zone.Despite signs of persistent high inflation, gold continues to languish. Peter talked about what's going in this bizarro economy during his podcast.Inflation continues to spiral upward. The August core personal consumption expenditures price index increased 0.3% for the month and was up 3.6% from a year ago. This measu...Read More

Despite today's resurgence in stocks, the mood was more downbeat during this morning's Bloomberg Invest Global virtual conference.Take Bruce Flatt, CEO of Brookfield Asset Management, who runs $626 billion in the Toronto-based asset manager, and who said that now is a "good time" to be liquidating assets: "there is significant money out in the markets today so it's be...Read More

After plunging in early September on SEC regulation fears and again later in the month on China 'ban' headlines, Bitcoin has roared back from below $40,000 on 9/22 to top $50,000 this morning.Uptober is in full swing...Source: BloombergThis is the first time the flagship cryptocurrency's price has pushed above $50,000 since September 7, 2021, the day El Salvador became the first co...Read More

The U.S. trade deficit widened to a record in August, reflecting a pickup in the value of imports of consumer goods and industrial supplies. The gap in trade of goods and services increased 4.2% to $73.3 billion, from a revised $70.3 billion in July (notably worse than the $70.8 billion defricit expected).Source: BloombergThe value of goods and services imports rose 1.4% to a record $287 billi...Read More

Just one week ago, we highlighted the first victim of the latest "rogue wave" in global natural gas markets.As Miami-based Statar Capital gave up its "hefty gains" from earlier in the year, tumbling into the red amid the NatGas market turbulence, we warned that it would not be the last fund to admit major losses through this period of chaos.It appears we were right, and three y...Read More

$500,000,000.Half a billion dollars.Currently, this is how much of $SPX index needs to be bought or sold for every 1% down or up move, respectively.These flows are a result of a substantial options trade that remains unknown to most market participants.On Friday, we highlighted some of the impact of this 'hidden' crash hedge.Former Goldman Sachs quant Sergie Pefiliev (@Perfiliev) put tog...Read More

There was little surprise in today's third and final revision of Q2 GDP data, which came in just barely above consensus expectations, rising from 6.6% (or rather 6.560%) in the second estimate to 6.7% (6.720% to be precise), which was also higher than the 6.6% consensus. The number, while also higher than the 6.3% reported in Q1 will be the best US GDP print for a long, long time, with many e...Read More

Having slowed for two straight months, whisper numbers predicted a slightly hotter than expected September CPI (edging up to 5.4% YoY, slightly above the consensus of 5.3%) on the back of a re-intensification of supply-chain bottlenecks due to a combination of natural disasters and COVID disruptions in the US and Asia kept pressure on manufactured goods in September.Headline CPI did indeed come ho...Read More

After an ugly 3Y auction, and a solid 10Y sale yesterday, moments ago the Treasury sold $24BN in a 29 Year-10 month reopening of cusip SZ2 ahead of today's Fed minutes. But if one thought investors would show any nerves about the coming taper in today's auction, boy were they in for a surprise.That's because the auction was nothing short of spectacular: stopping at 2.049%, the aucti...Read More

Kitco News, Released on Released on 10/17/21The demise of the Fed is coming, and with the collapse of the current monetary system comes the adoption of Bitcoin as the new global reserve currency, said Gareth Soloway, chief market strategist of IntheMoneyStocks.com."What I'm actually calling for is a total collapse of the monetary system, actually. So, there will have to be a reset. And I do think...Read More

With oil prices having more than doubled in 2021 so far - and showing no signs of slowing - traders are doubling-down on bets that energy costs will go to the moon... by year-end.WTI is currently at 7 year highs...But, despite the futures curve being deep in backwardation...Options traders are buying OTM calls with both hands and feet.Wagers that WTI will top $100 by the end of 2021 have exploded...Read More

Goko Group, Released on Released on 10/17/21To find out the wealth accumulation opportunities in today's market environment, I've asked outspoken, world-renowned trend forecaster Gerald Celente to share his latest research findings on how you can make extreme profits from the major political, economic and social shifts ahead.This new post-pandemic reality is forcing us to rethink our future and in...Read More