By Lorena Ruibal LONDON--Gold prices moved lower Friday, as the dollar strengthened ahead of the release of the first official estimate of U.S. second-quarter gross domestic product, which is expected to show robust growth. The precious metal was down 0.26% at $1,219.51 a troy ounce on the London Metal Exchange in midmorning trade. The price of copper, meanwhile, was also down by 0.21% to $6,26...Read More
By Lorena Ruibal LONDON--The price of copper moved lower Thursday, as the dollar edged up and a cooling of trade tensions between the U.S. and the European Union failed to boost base metals. Copper was down 0.22% at $6.291.5 a metric ton on the London Metal Exchange in midday trade. U.S. President Donald Trump and European Commission President Jean-Claude Juncker on Wednesday said in a joint st...Read More
First, however, silver needs to put in a close above this level to indicate the fortunes of silver have turned. Here's the details...by Captain Ewave of CaptainEwaveCaptain EwaveElliott Wave Counts For Gold, Silver, & T-BondsEmail: [email protected] Website: www.captainewave.comGOLD: Short Term Update:Gold was nicely higher in yesterday's day session. In the overnight session we reached a h...Read More
(Adds share-price move and reasons for reduced silver-output guidance) By Oliver GriffinShares in Fresnillo PLC (FRES.LN) fell Wednesday after it lowered its guidance for silver production, citing lower ore grades and limited availability of processing water at its ramped-up San Julian mine in Mexico. The Mexico-focused miner of precious metals said that second-quarter silver production rose 5.7%...Read More
Do you know the difference between "Junk", "Constitutional", and "90% Silver Coins"? The difference may surprise you...Article originally written by Paul Eberhart and guest posted at SD BullionJunk Silver Coins, Constitutional Silver Coins, and 90% Silver Coins are all ways to refer to the same thing: pre-1965 / pre-1964 90% silver dimes, quarters, half dollars and dollar coins.Here we will disc...Read More
By Christopher Alessi and Amrith Ramkumar Copper and other base metals rose Tuesday after China approved new fiscal measures to bolster its economy. Front-month copper for July delivery climbed 2.3% to $2.80 a pound on the Comex division of the New York Mercantile Exchange, its best day since April 18. Prices have fallen 15% since hitting a four-year high in late June, hurt by worries that a tra...Read More
By Christopher Alessi and Amrith Ramkumar Copper and other base metals rose Tuesday after China approved new fiscal measures to bolster its economy. Copper for September delivery climbed 2.4% to $2.8120 a pound on the Comex division of the New York Mercantile Exchange. Prices have fallen about 15% since hitting a four-year high in late June, hurt by worries that a trade spat between the U.S. and...Read More
Ted Butler thinks the main price suppressor of silver, JP Morgan, may just end up being silver's savior. Here's why...Ted Butler interviewed by Chris Martenson of Peak ProsperityFull description and comments at: https://www.peakprosperity.com/podcas...Precious metals analyst Ted Butler returns to the podcast this week to discuss the long-suffering silver price.Will the beatings continue? Or is the...Read More
Peter KrauthWhat I've seen from the price of silver this week suggests it may be done falling.After peaking at $17.55 in January, silver prices are now down 12% and into what's widely considered correction territory.Silver has now dipped below its December low and matched its low of July last year.That could be a sign of a double bottom, so we may have seen the worst of this correction already.Giv...Read More
Steve St. Angelo says there's a sleeping tiger in the silver market, and it has an insatiable appetite for physical silver. Here's the details... by Steve St Angelo of SRSrocco ReportThere's a sleeping tiger in the silver market, and it isn't the Chinese. While the Chinese continue to acquire a lot of gold, they aren't that interested in silver However; it's the Indian investor who is has b...Read More
Ted's latest analysis on the massive JP Morgan silver hoard has something for everyone, so come on in and give it a listen...Most longtime silver bullion aficionados know the last decade or so of JP Morgan silver history.Like me, most learned about it first from our beloved uncle from another mother, Ted Butler, who has been writing and commentating on the matter for decades now.The following is a...Read More
Platinum and silver will ultimately revert to the historical mean with gold. That's great news for platinum & silver investors. Here's why...by Bob Moriarty of Streetwise ReportsI've written about both Group Ten Metals (PGE-V) and Metallic Minerals (MMG-V) before. I'm going to group the two companies in one piece today for a number of reasons. The companies share management. One, Group Ten Me...Read More
Harvey says even though silver got whacked hard yesterday, something strange is going on with the SLV. Here's the details...by Harvey Organ of Harvey Organ BlogJULY 19/TRUMP SURPRISES THE CABAL IN THAT HE IS AGAINST THE FED RAISING INTEREST RATES: THAT SENDS THE DOLLAR DOWN AND GOLD AND SILVER UP: GOLD ENDS THE COMEX SESSION DOWN $1.00 TO $1227/SILVER IS DOWN 17 CENTS TO $15.43/ DESPITE THE CONSTA...Read More
CLICK ON CHART TO ENLARGE The US Dollar hit peaked in January of 2017 and started creating a series of lower highs and lower lows, which has formed falling channel (1).King Dollar hit a cluster of support and the bottom of the falling channel (1) 6-months ago and a counter-trend rally took place. The rally over the past 90-days has been strong, taking it back to the top of the falling channel a...Read More
By David Hodari and Benjamin Parkin Metals prices took a battering Thursday as a new volley of tariff threats prompted investors to dump hard commodities. Copper contracts for July fell 2% to $2.697 a pound at the Comex division of the New York Mercantile Exchange, set to close at the lowest point since July 14 last year. Both industrial and precious metals were hit by widespread selling. Gold,...Read More
By David Hodari and Benjamin Parkin Metals prices took a battering Thursday as a new volley of tariff threats prompted investors to dump hard commodities. Copper contracts for July fell 2% to $2.697 a pound at the Comex division of the New York Mercantile Exchange, set to close at the lowest point since July 14 last year. Both industrial and precious metals were hit by widespread selling. Gold,...Read More
By David Hodari LONDON--Metals prices took a battering Thursday as a fresh volley of tariff threats prompted investors to dump hard commodities. Copper plunged 3.03% to $5,993 a metric ton in late morning trading, with a new wave of selling more-than-neutralizing Wednesday's tentative rally, and sending the base metal below the important $6,000-a-ton barrier to a new 12-month low. Both the indu...Read More
TIDMRIO RNS Number : 1443V Rio Tinto PLC 19 July 2018 Notice to LSE Oyu Tolgoi EPC tender 19 July 2018 Rio Tinto plc (the "Company") announces that Oyu Tolgoi LLC, an entity in which the Company has a 33.5% indirect ownership interest, has today entered into agreements with three Chinese EPC contractors, each of which potentially creates a smaller related party transaction for the purposes of the...Read More
Harvey has a couple of very important updates about what has been going on in the silver market. Here's the details...by Harvey Organ of Harvey Organ BlogJULY 18/GOLD REBOUNDS TO SETTLE UP 40 CENTS TO $1228.00/SILVER RETREATS BY 3 CENTS TO $15.57/OPEN INTEREST ON BOTH GOLD AND SILVER RISE DESPITE THE RAID YESTERDAY/ALSO HUGE EFP'S ISSUED FOR BOTH GOLD AND SILVER/RUSSIA DUMPS A MONSTROUS 48 BILLION...Read More
By David Hodari and Amrith Ramkumar Copper prices fell for the 12th time in the past 15 sessions on Wednesday, continuing a protracted slump with the dollar hitting fresh 2018 highs. Copper for September delivery edged down 0.6% to $2.7305 a pound on the Comex division of the New York Mercantile Exchange, on track for its lowest close in nearly a year. Prices have tumbled more than 15% since hit...Read More