Ted Butler says the CFTC simply ignores the specific questions about manipulation in the silver market. Here's the latest example...by Ted Butler via SilverSeekA new interview by James McDonald, Director of Enforcement for the U.S. Commodity Future Trading Commission (CFTC), on Friday makes it clear that neither he nor the Commission has any intent to address the obvious manipulation of the silver...Read More
Cost of production and future supply problems place a floor on the price of silver, and this contrarian indicator may be the the best news in six years...Eric Dubin and Jason Burack on Welcome to Dystopia Episode #41Jason Burack of Wall St for Main St and independent financial journalist Eric Dubin are back for Episode #41 of Welcome to Dystopia.In today's episode, Jason and Eric discuss the recen...Read More
Peter KrauthThe price of silver had a volatile week, climbing all the way to $17.31 on Thursday (April 19), before settling back down below $17 yesterday (Monday).Because of that volatility, I'm going to show you today exactly where I see the price of silver heading in both the short term and the long term.But first, we need to look at exactly why silver prices reversed course last week.By all acc...Read More
By Amrith Ramkumar and Alistair MacDonald A number of metals tied to Russia tumbled Monday after the U.S. Treasury softened its stance regarding sanctions against United Co. Rusal, the world's second-largest aluminum producer. Aluminum for delivery in three months on the London Metal Exchange plummeted 7.2% to $2,292.50 a metric ton, while nickel shed 3.8%. The most-actively traded palladium fut...Read More
By Oliver GriffinGlencore said Sunday that its majority-owned subsidiary, Katanga Mining, is assessing recapitalization options to resolve a dispute between its copper project in Congo and the African nation's state-owned mining company. The Anglo-Swiss commodities trader and miner said that Katanga is looking to recapitalize its 75%-owned Kamoto Copper Company--its operating subsidiary in Congo-...Read More
Katanga Mining Ltd. is assessing options to recapitalize its subsidiary, Kamoto Copper Company. "Glencore's Katanga Mining Assessing Ways to Raise Capital for Congo Subsidiary," at 0638 GMT, incorrectly said Katanga Mining is assessing options to raise capital in the headline, and in the first and second paragraphs. The company is assessing options to recapitalize Kamoto Copper, not to raise new f...Read More
Steve explains three factors that were responsible for silver's behavior last year, and he explains what is going on with silver right now. Here's the details...by Steve St Angelo of SRSrocco ReportThe Silver Market is setting up for one heck of a move higher as investors are waiting for the signal to start buying. While the silver price has shot up due recently, it still isn't clear if this is...Read More
Marshall just sent us an important update on the silver market. With the roller-coaster ride since last week, the timing couldn't be better...Today we were contacted by Marshall Swing of The Church of ActsMarshall sent us a chart last Thursday, and said to be on the look out for something today.We just got another one of his charts - fresh off the presses.On Thursday, Marshall's stops were not ye...Read More
SD Markets Outlook: If we're on the verge of a new trading range, like the one we just got out of, it's not going to be fun. Here's why...On Friday I said this would happen.I warned that silver would hit a 16-handle, only I thought on Friday, but we hit it today.Not many people read the article, so I'll recap:A 'has-been' trader who has been in the markets for way too long has now become a contrar...Read More
CLICK ON CHART TO ENLARGESince early 2016, Silver looks to be a narrowing pennant pattern, highlighted by a series of higher lows and lower highs. These patterns tend to frustrate both bulls and bears, as it range narrows and trends are non-existent.Silver in the past three weeks has rallied off support, where it is now touching the underside of falling resistance at (1).Since July of 2016, Silver...Read More
Chris is getting bullish on silver, but there's a caveat. For silver to continue charging higher, Chris says we need to see this happen. Here's the details...by Chris Vermeulen of The Technical TradersEveryone is talking about the incredible price move in silver on April 18, 2018. For years we have been talking about the setup in the metals markets and alerting our members to opportunities as th...Read More
LONDON (Reuters) - Shipping industry hopes that so-called sulphur scrubbers are a quick-fix solution to compliance with drastic emissions reduction demanded by 2020 are somewhat misguided, one of the world's biggest manufacturers of the equipment told Reuters.The International Maritime Organization's (IMO) cut to the amount of sulphur the world's fleet can emit will have massive implications for s...Read More
Friday Wrap: Um, so if you're not on silver's side, you might want to raise that white flag right about now. Silver is about to make things really messy...This morning I asked if silver might test a 16-handle based on a new possible contrarian indicator?So far my theory is wrong, but either way, we're down, and it hasn't been an easy day to sit through.But we need to look at the bright side - we'r...Read More
A contrarian indicator just tripped. Here's what it could mean for the white metal...Are contrarian indicators real?Look at none other than Dennis Gartman this week and think about it, because the question is rhetorical:NEW RECOMMENDATION: We wish to sell WTI and Brent Crude short this morning upon receipt of this commentary, predicated upon the massive narrowing of the backwardation in both and...Read More
Michael Ballanger says this set-up of 2018 is the greatest he's ever seen, and that includes the cryptocurrency trades of 2017. Here's the details... by Michael Ballanger via Streetwise ReportsThere is a famous quote about short-selling that comes from Olde English business folklore that goes something like this:"He who sells what isn't his'n.Must deliver or goes to prison!"That old horse chest...Read More
Harvey is all worked up about silver, and for good measure, because what he unveils are some staggering numbers with COMEX silver. Here's the details...by Harvey Organ of Harvey Organ ReportAPRIL 18/SILVER THE BIG WINNER TODAY UP 44 CENTS AT $17.22/GOLD FOLLOWS IN SILVER'S FOOTSTEPS UP $3.65/HUGE SILVER EFP ISSUANCE AT 5077 CONTRACTS AS THESE LONGS TRANSFER OVER TO LONDON/HUGE TARIFFS PLAYING HAVO...Read More
Metal heads have been very patient in 2018 as Gold continues to press up against breakout resistance.One thing that has been missing is Silver strength... but yesterday's big move by Silver may be the lift that precious metals need.During bull markets for precious metals, silver tends to lead. Similar to small caps, it adds "beta" when bulls are in control. To measure this aspect, investors can...Read More
"that puts an asset back on the radar screens of non-true-believers....if this short squeeze has legs and generates some headlines, it could pull in..."by John Rubino of Dollar CollapseSilver's popping today.Which is what people following the futures market action have been expecting for several months now. Speculators - usually wrong at big turning points and almost always at least slightly net l...Read More
By Rhiannon HoyleRio Tinto PLC, the world's second-biggest listed mining company, released its first-quarter operational report on Wednesday. The mining company reported a 5% on-year rise in quarterly shipments from its Australian iron ore mines, but weaker output of commodities including coal and aluminum. Here are some remarks from the company's report: On Australian iron ore production: "Produ...Read More
"how in the world does a swapping of derivative contracts, where there's obviously zero physical metal involved, equitably determine the true price and..."by Craig Hemke via GoldSeekVery few people understand-or even know of-the opaque COMEX->LBMA process known as "Exchange Futures For Physical". Even the term is misleading, as there's clearly nothing "physical" about it.The first thing you need t...Read More