CLICK ON CHART TO ENLARGE This chart looks at the Gold/US Dollar ratio over the past 7-years. Gold bulls want to see this ratio heading up and they get disappointing news when it falls in price.Since 2011, the ratio started creating falling channel (1) and broke below it back in 2013. The rally that started back in 2016, saw the ratio make an attempt to climb back into falling channel (1) at (2...Read More
By Benjamin Parkin and David Hodari Copper prices fell as geopolitical uncertainty loomed over metals markets. Traders were looking ahead to President Donald Trump's pending announcement on whether the U.S. would withdraw from the nuclear deal with Iran, due Tuesday afternoon. Concerns that any subsequent instability could have a knock-on effect for the global economy were weighing down the copp...Read More
Alasdair MacLeod tells Silver Doctors as gold moves higher, silver, being the poor man's gold, will move like "Greased Lightning." Here's why...Alasdair MacLeod, Head of Research of GoldMoney, Interviewed by Silver DoctorsMacLeod says hedge funds have shorted silver, leading to silver being extremely oversold.It is only a matter of time until gold will break out above the $1360 resistance level.A...Read More
Peter KrauthAfter hitting a distinct bottom early in the last week, silver prices have already bounced back impressively despite ongoing U.S. dollar strength. After starting May near $16.25, the price of silver rallied to a high near $16.47 last week.The other challenge that silver faced was the news the market awaited from the FOMC meeting on Wednesday, May 2. After the meeting, the committee ann...Read More
By Chip Cummins in London and James T. Areddy in Shanghai 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 (May 7, 2018). Mining giant Glencore PLC and Qatar said they have scrapped plans to sell a roughly $9 billion stake in Russian state oil company PAO Rosneft to a once-high-flying Ch...Read More
"gold's technicals are improving and silver's are so positive that you have to wonder if there's a catch, though what that..."by John Rubino of Dollar CollapseThe past few months have seen some unusual, maybe even unique, developments in the gold and silver futures markets, with gold becoming extremely bearish and silver almost ridiculously bullish.Neither imbalance has amounted to much in terms o...Read More
By Chip Cummins in London and James T. Areddy in Shanghai Mining giant Glencore PLC and Qatar said they have scrapped plans to sell a roughly $9 billion stake in Russian state oil company PAO Rosneft to a once-high-flying Chinese firm now embroiled in investigations by Beijing. In a statement late Friday, Glencore and Qatar said they were terminating an agreement, reached in September, to sell m...Read More
A veteran investor is getting very bullish on silver, so much so that we can go ahead and call him a "Silverbug". Here's the details...Louis James interviewed on Palisade RadioLobo Tiggre, better known by the pen name Louis James, discusses the launch of his new investment newsletter "Independent Speculator" and his reasons for starting it. He believes we are approaching an up-turn in resource mar...Read More
By Amrith Ramkumar and Georgi Kantchev Gold prices swung between small gains and losses before closing slightly higher Friday after the latest jobs report showed employers added fewer jobs than expected last month while the unemployment rate fell to its lowest level since 2000. Front-month gold for May delivery closed up 0.2% to $1,312.70 a troy ounce on the Comex division of the New York Mercan...Read More
By Maryam Cockar Glencore said Friday that the group and its consortium partner the Qatar Investment Authority, or QIA, will no longer proceed with the sale of a 14% stake in Rosneft Oil Co. (ROSN.MZ) to CEFC China Energy Co. The company said the consortium will transfer its 14% stake in Rosneft to a wholly owned subsidiary of QIA for about 7.4 billion euros ($8.87 million), which will be used to...Read More
By Amrith Ramkumar and Georgi Kantchev Gold prices swung between small gains and losses Friday after the latest jobs report showed employers added fewer jobs than expected last month while the unemployment rate fell to its lowest level since 2000. Gold for June delivery was recently down 0.1% to $1,310.90 a troy ounce on the Comex division of the New York Mercantile Exchange. Prices have stayed...Read More
By Rachel Louise Ensign and Liz Hoffman 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 (May 4, 2018). AJ Murphy, the head of Bank of America Corp.'s capital-markets business and one of the most senior women on Wall Street, is leaving the firm to join private-equity giant Silver Lake, a...Read More
Bill says that after so much manipulation and price suppression, the days of normal bull market moves are done. Here's what is coming, however...Bill Murphy and Keith Neumeyer interviewed on Crush The StreetKeith Neumeyer and Bill Murphy join us in this special three-way interview as we discuss the Gold and Silver markets and gain expert insights.As China and Russia continue to purchase more Gold...Read More
SD Friday Wrap: Gold & silver make a movie. Just don't expect it to win any Grammy's because it's a terrible movie. Here's the official review...Editor's Note: This SD Friday Wrap was started at 1:45 p.m. EST and does not include any market action after that time.*****The bad thing about Groundhog Day is that it wouldn't be so bad if we were bulls on, oh, say, U.S. equities.That's the kind of Gro...Read More
By Rachel Louise Ensign AJ Murphy, the head of Bank of America Corp.'s capital-markets business and one of the most senior women on Wall Street, is leaving the firm to join private-equity giant Silver Lake, according to people familiar with the matter. The bank announced Ms. Murphy's departure in an internal memo Thursday, which was reviewed by The Wall Street Journal and confirmed by a bank spo...Read More
By Oliver Griffin Glencore PLC (GLEN.LN) said Thursday that production in the first quarter of 2018 was largely in line with views across all commodity groups, with full year guidance unchanged. The Anglo-Swiss commodity trading and mining company said its own-sourced copper production rose to 345,400 tons, from 342,100 tons in the first quarter of 2017, reflecting the commissioning of the first...Read More
"the glee I'd derive from seeing a large piton driven into the forehead of a bullion bank behemoth after one of these episodes cannot be adequately imagined."by Michael Ballanger via Streetwise Reports"SHE-NAN-I-GANS"pronunciation: "SH?(TM)?^nan???(TM)nz/"Noun informal1. "secret or dishonest activity or maneuvering." as in "widespread financial shenanigans had ruined the fortunes of many"2. "sil...Read More
CLICK ON CHART TO ENLARGEThe Long-Term trend for Gold is up, as it continues to remain above 17-year support line (1).The 7-year trend for Gold is down, as it continues to trade below falling resistance line (2).These two long-term support/resistance lines look to be forming a multi-year pennant pattern that is "About To End." Pennant patterns often indicate frustration for both bulls and bears...Read More
--Glencore won a temporary injunction against mining magnate Dan Gertler over $2.28 billion worth of royalties the Israeli businessman says he is owed by the Anglo-Swiss commodities trader, the Financial Times reports. --The FT says a London court granted the injunction after Mr. Gertler took legal action to freeze the company's Kamoto Copper Company mine in the Democratic Republic of Congo over t...Read More
By Rhiannon Hoyle 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 (May 2, 2018). SYDNEY -- Australia's corporate regulator has widened legal action against Rio Tinto Ltd. and two of the company's former executives, pursuing allegations the mining giant was late in writing down a trouble...Read More