Peter KrauthThe price of silver didn't move much early last week, but the events in Turkey have since pushed the metal even lower.For its part, the U.S. dollar index (DXY) consolidated as well, but then it rallied before exploding higher late in the week.Serious pressure on the Turkish lira, which bled into emerging markets, acted like steroids on the dollar. Initially, silver prices sold off but...Read More
Ted explains how the next run to $50 and beyond is not only probable, but amazingly simple. Here's how the next run could unfold...by Ted Butler via SilverSeekTwice in the past the price of silver has risen in a short period to $50. It happened in 1980 during the Hunt brother's manipulation and again three decades later in April 2011, when the price rose to nearly $50. Prior to the price run up in...Read More
CLICK ON CHART TO ENLARGEThe chart looks at the price patterns of the Aussie Dollar over the past 20-years.The trend on the AU$ is up over the past couple of decades and it is down since peaking back in 2011.The decline of late has the AU$ testing 17-year rising support and the apex of a potential bullish falling wedge at the same time.Should the AU$ happen to hold at support and break above resis...Read More
Clive thinks silver will crash considerably worse than it did in 2008, but if the crash doesn't happen soon, prepare for this. Here are the details...by Clive Maund of Streetwise ReportsThe picture for silver looks dull and weak, and it has dropped back over the past month or two, like gold, in response to dollar strength. On its latest 14-month chart we can see how, after breaking support in the...Read More
Earlier today we noted how even The Young Turks get that the US housing market is on shaky ground at the moment. The demographics are certainly not stellar to spur more housing bubbles ahead.Weeks back we spoke with Jesse Felder about how 2 out of 5 homes in the US housing market are currently owned by the elder Baby Boomer generation.To whom and at what price levels will people be buying this som...Read More
Peter KrauthThe price of silver made a valiant effort to rally twice last week, but to no avail. Rather than head toward gold and silver as safe havens, investors favored the U.S. dollar.The U.S. Dollar Index (DXY) made another run towards 95.5, punishing silver prices and a host of other commodities along the way.The main driver seemed to be investor concern over trade wars. That has pushed the d...Read More
By Christopher Alessi LONDON--The price of copper and other base metals fell Monday morning in the wake of heightened trade tensions between the U.S. and China. Copper was down 1.09% at $6,108.50 a metric ton, on the London Metal Exchange in midmorning trade. "The trade dispute between the U.S. and China, which continued to escalate over the weekend, is driving almost all metals prices down as...Read More
By Amrith Ramkumar and David Hodari Gold prices edged higher Friday after the latest monthly U.S. jobs report showed the economy added fewer jobs than expected while unemployment ticked lower. Front-month gold for August delivery added 0.3% to $1,214.20 a troy ounce on the Comex division of the New York Mercantile Exchange. Prices have fallen in seven of the past eight weeks and are near their l...Read More
By Amrith Ramkumar and David Hodari Gold prices edged higher Friday after the latest monthly U.S. jobs report showed the economy added fewer jobs than expected while unemployment ticked lower. Front-month gold for August delivery added 0.3% to $1,214.20 a troy ounce on the Comex division of the New York Mercantile Exchange. Prices have fallen in seven of the past eight weeks and are near their l...Read More
By Amrith Ramkumar and David Hodari Gold prices edged higher Friday after the latest monthly U.S. jobs report showed the economy added fewer jobs than expected while unemployment ticked lower. Gold for December delivery was recently up 0.3% at $1,223.90 a troy ounce on the Comex division of the New York Mercantile Exchange. Prices are near their lowest levels since July 2017, hurt by a stronger...Read More
Earlier this week we posted one of Christopher Aaron of iGold Advisor's latest Silver Price Forecasts over in the SD Bullion research.Chris in my opinion is one of the best providers of consistent gold, silver, and financial market analysis on his free youtube channel and within his subscription service.His latest work covering the near to medium term for silver priced in US dollar is worth your w...Read More
Harvey explains his theory that China is buying up all available physical silver, wherever it is found. Here are the details...by Harvey Organ of Harvey Organ BlogAUGUST 1/CHINESE OFFSHORE YUAN FALTERS AND IN PERFECT HARMONY GOLD ALSO FALLS: DOWN $4.65 TO $1219.00/SILVER ALSO FALTERS BADLY TO $15.44 DESPITE MASSIVE QUEUE JUMPING AND HUGE DEMAND FOR PHYSICAL SILVER AT THE COMEX/.BOF J LOSING CONTRO...Read More
By Benjamin Parkin and David Hodari Copper prices fell Wednesday as the trade dispute between the U.S. and China intensified. Front-month contracts for August delivery fell 3% to $2.735 a pound at the Comex division of the New York Mercantile Exchange. The selling came as White House advisers debated raising proposed tariffs on $200 billion worth of Chinese goods to 25% from 10%. As Wednesday'...Read More
By Rhiannon Hoyle SYDNEY--Rio Tinto PLC (RIO.LN) said it will spend US$146 million on initial work for its planned Koodaideri iron ore mine in Western Australia ahead of a final decision on the project later this year. The mining company said the cash would be used for detailed engineering work, development of a rail construction camp and the first stage of a workers' camp for the mine. Construct...Read More
By Amrith Ramkumar and David Hodari Copper prices rose to their highest level in three weeks Tuesday after Bloomberg reported that the U.S. and China were trying to restart talks to defuse the trade dispute between the two nations. Front-month copper for August delivery added 1.4% to $2.8190 a pound on the Comex division of the New York Mercantile Exchange, erasing earlier losses following the B...Read More
By Amrith Ramkumar and David Hodari Copper prices rose Tuesday after Bloomberg reported that the U.S. and China are trying to restart talks to defuse the trade dispute between the two nations. Copper for September delivery rose 0.9% to $2.8170 a pound on the Comex division of the New York Mercantile Exchange, erasing earlier losses following the Bloomberg report. Prices have rebounded slightly s...Read More
By Oliver Griffin Fresnillo PLC (FRES.LN) said Tuesday that net profit in the first half of the year fell 25%, citing a negative foreign-exchange rates and lower silver prices, among other reasons. The precious-metals miner, which has operations in Mexico, said profit for the six months ended June 30 fell to $230.0 million from $308.7 million in the year-earlier period. Last week Fresnillo shares...Read More
(Updates with details on revaluation, headwinds.) By Oliver GriffinFresnillo PLC (FRES.LN) said Tuesday that first-half net profit fell 25%, citing the impact of a negative revaluation of its Silverstream contract, foreign-exchange headwinds and lower silver prices. The precious-metals miner, which has operations in Mexico, said net profit for the six months ended June 30 fell to $230.0 million fr...Read More
Here's the rule, and why it may be implemented, presented in this well researched argument claiming there's a physical silver shortage right now...Editor's Note: Cyrille is French, and there is a treasure trove of information presented in his article, and it's just the type of article readers have been asking for, so work through the language and configuration issues because this article is well w...Read More
Peter KrauthWhile the price of silver continues to languish, an excellent contrarian signal has emerged.After silver's recent foray into correction territory, the metal remains there after bouncing back only slightly.Meanwhile, silver futures positions held are rapidly approaching levels that in the past have marked the start of strong rallies higher.This week, traders are awaiting the results of...Read More