Harvey Organ says the queue jumping is now intensifying to the highest degree. Here's why it matters...by Harvey Organ of Harvey Organ BlogJULY 10.GOLD DOWN $3.85 TO $1254,95/SILVER DOWN 3 CENTS TO $16.06 AS THE RAID ORCHESTRATED BY OUR BANKER FRIENDS FAILED/BRETT KAVANAUGH NAMED AS THE REPLACEMENT FOR JUSTICE KENNEDY ON THE SUPREME COURT AND THAT CAUSED MUCH CHAOS FROM THE LEFT/BMW DECIDES TO LEA...Read More
Peter Krauth"Silver is in a bull market."Admittedly, given the past year's price action, you might think I'm crazy for saying that.But the (much) bigger picture is rather bullish from here. I say that because global silver mine production has been in decline since 2016. Some analysts expect a minute increase this year of just 0.2% over 2017.Retail silver demand was down last year, but solar panel...Read More
Silver may or may not have technically bottomed, but the next major event is a sharp move higher in price. Here's why...by Captain Ewave of CaptainEwaveGOLD: Short Term Update:Gold traded sideways in Friday's day session, and nicely higher in the overnight session! We have now reached a high of 1266.90. Gold has rallied within our 23.6 to 38.2% retracement zone for all of our current wave !iv!...Read More
Peter KrauthLast week, I asked if the price of silver's decline since the Fed rate hike had been enough. I believe it has, and it's a turning point for silver…At the time, I suspected we were very close. After all, the metal had lost as much as 7.5% in just two and a half weeks. It seemed like the bottom should be near.In the silver futures market, that bottom came on July 2. In the sp...Read More
By David Hodari LONDON--Copper prices climbed Monday, recouping some of their losses as investors second-guessed some of the industrial metal's heavy geopolitics-driven losses of recent weeks. The price of copper was up 0.96% at $6,369 a metric ton in midmorning trading. Gold prices also climbed, rising 0.78% to $1,264.76 a troy ounce, with the U.S. dollar relinquishing some of its recent gains...Read More
Rick has some timely updates to share on gold, silver, and platinum, including discussion on what could be ailing silver...Rick Rule interviewed on IG UKRick Rule, from Sprott Asset Management, discusses precious metals with Jeremy Naylor. Specifically looking at gold bullion, whether silver has possibly suffered from the cryptocurrency craze and his interest in platinum. Read More
By Amrith Ramkumar and Ben St. Clair Gold prices were slightly lower Friday after the latest jobs report showed the economy added more jobs than expected last month, while the unemployment rate edged slightly higher. Gold for August delivery was down 0.2% on the Comex division of the New York Mercantile Exchange. Prices have edged higher since hitting a 2018 low earlier this week, though some an...Read More
By Ben St. Clair LONDON--Gold prices ticked down Friday, as risk appetite failed to materialize despite an escalation in trade tensions between the U.S. and China. The precious metal was down 0.26% at $12,54.51 a troy ounce in late morning trade, threatening the metal's modest gains this week. Copper, meanwhile, also edged down by 0.36% to $6,301 a metric ton. U.S. tariffs on $34 billion of Ch...Read More
This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (July 6, 2018). By Scott Patterson and Rebecca Davis O'Brien American authorities are probing ties between Glencore PLC and an Israeli diamond merchant, according to people familiar with the matter, embroiling the mining giant in foreign a...Read More
SD Friday Wrap: Everyone is asking it so keeping in line with the question of the week, "Is the bottom in?". Here's some insight...Editor's Note: As a reminder, last week we changed posting of the SD Metals & Markets podcast to Saturdays at 8:00 a.m. EST. Elijah said it's going to be a good one this week, so be sure to tune in!*****Every once in a while I like to summarize my feelings in two words...Read More
By Scott Patterson and Rebecca Davis O'Brien American authorities are probing ties between Glencore PLC and an Israeli diamond merchant, according to people familiar with the matter, embroiling the mining giant in foreign and U.S. investigators' deepening scrutiny of the gem trader. On Tuesday, London-listed Glencore said it received a subpoena from the U.S. Department of Justice, demanding reco...Read More
By Ira Iosebashvili Copper prices fell to their lowest level in a year Thursday, weighed down by intensifying trade tensions between the U.S. and China. Copper for September delivery was down 3.1% at $2.8260 a pound on the Comex division of the New York Mercantile Exchange, the lowest level since July 2017. Prices for the metal have fallen around 15% from their June highs, as investors worry th...Read More
By Ben St. Clair LONDON--Copper prices edged down Thursday as investors awaited tariffs from both the U.S. and China that were set to be imposed starting Friday morning. The industrial metal was down 0.17% to $6,392.50 a metric ton in late morning trade, bringing its weekly losses to 3.29%. Gold, meanwhile, fell 0.42% to $1,251.53 a troy ounce, erasing its gains from earlier in the week. After...Read More
Mining firm is asked to provide documents on business in Congo, Nigeria and Venezuela By Scott Patterson This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (July 5, 2018). LONDON -- Glencore PLC said it received a subpoena from U.S. authorities related to compliance with American corruptio...Read More
Steve explains the gold to silver ratio in the Weimar Republic, and he also shows a present day chart with a one to one ratio using this measure...by Steve St Angelo of SRSrocco ReportThere are two crucial factors why silver will increase more in value than gold during the next financial meltdown. These factors are not well known by many precious metals analysts because they focus on antiquated...Read More
By Rhiannon Hoyle SYDNEY--Former Rio Tinto PLC executive Stern Hu, who was jailed in China for bribery, was freed from prison on Wednesday. Mr. Hu, the Australian who previously spearheaded sales for Rio Tinto in China, was in 2010 found guilty of charges he accepted around $935,000 in bribes from steelmakers and stole commercial secrets that undermined China's steel industry. China's Foreign M...Read More
By Anita Rachman JAKARTA, Indonesia-Indonesia said Wednesday it had granted U.S. mining giant Freeport McMoRan Inc. a one-month extension to continue work at one of the world's largest copper mines while the two parties move closer to a deal that will give Jakarta control of the venture. Bambang Gatot Ariyono, director general for coal and minerals, said the government expected to conclude negot...Read More
Glencore suspended royalty payments to Mr. Gertler following Treausry Department sanctions in December. "Glencore Shares Tumble After U.S. Subpoena -- 2nd Update" at 8:27 a.m incorrectly said in the 15th paragraph that the payments were related to stake sales. Read More
By Scott Patterson LONDON -- Glencore PLC said it received a subpoena from U.S. authorities related to compliance with American corruption and money-laundering laws at its operations in Congo, Nigeria and Venezuela -- a move that significantly ratchets up government scrutiny of the mining and trading giant. The Tuesday disclosure rattled investors. Glencore shares fell more than 12% in early Lon...Read More
By Scott Patterson The U.S. Justice Department has demanded that Glencore PLC hand over records related to the Anglo-Swiss mining giant's compliance with laws against foreign-corrupt practices and money laundering concerning its business in the Democratic Republic of Congo, Nigeria and Venezuela. Glencore, which disclosed it had received a subpoena in a statement Tuesday, said it is reviewing th...Read More