* LME/ShFE arb:* Funds still short copper * Support near May lows near $6,710-6,720 (Adds closing prices)By Pratima DesaiLONDON, May 15 (Reuters) - Copper fell on Tuesday underpressure from negative sentiment fuelled by a higher dollar andrising inventories, though upbeat industrial production datafrom China offered some support.Benchmark copper on the London Metal Exchange endeddown 1.1 percent a...Read More
World's largest mortgage bankers- Fannie Mae and Freddie Mac, would soon go bankrupt.No one believed Porter Stansberry nine years ago.As head of one of America's largest independent financial research firms, Mr. Stansberry's work back in 2008 led him to a bold, but worrisome, conclusion:That the world's largest mortgage bankers- Fannie Mae and Freddie Mac, which at the time were responsible for ne...Read More
LONDON, May 15 (Reuters) - The London Bullion MarketAssociation said on Tuesday it had suspended the EkaterinburgNon-Ferrous Metals Processing Plant from its gold and silvergood delivery lists due to "ownership related issues".The refinery in Russia is controlled by Moscow-basedconglomerate Renova Group, which along with its key shareholder,billionaire Viktor Vekselberg, was sanctioned b...Read More
• Reviving USD demand/surging US bond yields keeps exerting downward pressure. • Mixed sentiment around equity markets does little to support safe-haven demand. Gold traded with a mild negative bias for the third consecutive session and has now dropped back to its immediate support near the $1310 region. The precious metal extended its rejection slide...Read More
* Strong U.S. bond yields underpin dollar * GRAPHIC-2018 asset returns: (Updates prices; adds comment, second byline, NEW YORK todateline)By Renita D. Young and Maytaal AngelNEW YORK/LONDON, May 15 (Reuters) - Gold slid more than 1percent on Tuesday, falling for a third day to hit its lowestthis year as a rise in U.S. borrowing costs pushed up the dollarand overshadowed the impact of strife in Gaz...Read More
LONDON, May 15 (Reuters) - Sibanye-Stillwater plans to shutloss-making production at Lonminwhen it takesover the platinum miner, the chief financial officer ofSibanye's U.S region said."We will not cross-subsidise loss-making production acrossthe portfolio," Justin Froneman said at the BloombergIntelligence Precious Metals Forum in London."If we've got ounces that aren't covering th...Read More
Shares in struggling South African platinum producer Lonmin (LON:LMI) collapsed Tuesday after Britain's Competition and Markets Authority (CMA) said it was examining whether the company's takeover by Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) would reduce competition.By mid-morning, Lonmin shares had lost 5.6% of their value in London, while Sibanye's were down 4.9% in Johannesburg, even though the...Read More
Chris VermeulenPosted May 14, 2018As we close out this very successful week of trading, we wanted to provide some additional analysis and research regarding our belief for what next week holds.Before we get into the analysis for next week, lets take a bit of time to recap this week's success.Our recent trade alerts, UGAZ, FAS, TECL, SIL and GDXJ have all been moving up quite well.UGAZ, FAS and TEC...Read More
Here Are 3 Hot Things to Know About Stocks Right Now With gains on Monday, the Dow Jones Industrial Average has now risen for eight straight sessions.But the Dow remains more than 1,700 points below its all-time high set on Jan. 26.Gaming shares jumped after the Supreme Court struck down a law that prohibited New Jersey from allowing sports betting at state casinos. Wall S...Read More
Monday's Market Notes Trump's Tweets on China trade boost market sentiment ahead of visit from vice premier He.Cleveland Fed President Mester argues against "steep path" rate hikes as inflation moves slowly to target.Dollar remains at 2018 highs, however, as Fed stands out as sole hawk among global central banks.Oil eases from three-and-a-half year highs, but U.S. gas prices hold at $2.87 per ga...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:stewart@gutrader.comMay 15, 2018Most analysts in both the gold and mainstream investment communities seem to be in “summer doldrums” mode. They are nervous about stock markets because of rate hikes and the late stage of the business cycle. That’s understandable.Unfortunately, they also seem...Read More
CloseGain/LossGold $1292.50-$21.00Silver$16.28-$0.24XAU81.77-2.04%HUI177.97-2.18%GDM623.33-2.21%JSE Gold1041.21-25.23USD93.24+0.62Euro118.46-0.92Yen90.78-0.50Oil$71.31+$0.3510-Year3.072%+0.079T-Bond141.28125-1.46875Dow24706.41-0.78%Nasdaq7351.63-0.81%S&P2711.45-0.68% The Metals: Gold fell $24.80 to $1288.70 by midafternoon in New York before it bounced back higher into th...Read More
Viewer Submitted Questions:Question 1. Awake 1 percent: If a person holds no debt, no mortgage, no car loan, student loan or credit card debt of any kind.......would you think they will be largely protected during and after the reset?Question 2. Eric V: Is there a difference in between investing in silver Peace Dollars and silver American Eagles? And would Peace Dollars be as liquid as silver Amer...Read More
Erik Townsend and Patrick Ceresna welcome Charles Gave to MacroVoices. Erik and Charles discuss the corporate yield curve and what it is telling us about the equity market. They then delve into the Hong Kong dollar peg and perspective on China's debt and related risks. They further discuss the risk parity trade with bonds and stocks selling off simultaneously and the return of secular inflation. T...Read More
Once seen as remote, British Columbia's Golden Triangle has opened up dramatically, with two mines now in production, three new hydro-power facilities, a link to the provincial power grid, and roads throughout the region. Lawrence Roulston, managing director of WestBay Capital Advisors, discusses the changing mining landscape there and profiles a number of companies exploring that highly prospecti...Read More
By Craig HemkeAs we type this on Tuesday the 15th, the price of COMEX Digital Gold is down nearly 2% on the day. This places it under $1,300 per ounce and below its all-important 200-day moving average. Over the last two weeks, we've attempted to summarize the risk of this event through weekly columns that are distributed here by Sprott Money. If you haven't been following along, you should be s...Read More
Precious metals are selling off today. Gold is dipping below $1300. But Craig Hemke from TFMetalsReport says the metals markets are about to rally. He sees a similar setup to 2010, before silver skyrocketed to nearly $50 and gold to over $1900.As the world moves away from the Dollar, this will significantly decrease the demand for the Dollar and U.S. debt. Hemke says America is not prepared for th...Read More
An Edison Research report explained the crossroads this Australian multicommodity firm is at and reviewed its most recent quarter's financials. Alkane Tomingley Gold ProjectIn a May 4 research note, Analyst Tom Hayes with Edison reported that Alkane Resources Ltd. (ALK:ASX; ANLKY:OTCQX) saw "marked improvement" at its Tomingley gold operation in the most recent quarter, Q3 FY18. The company gener...Read More
By Dave KranzlerThe stock market has gone 74 days without making a new high but that hasn't stopped the bulls from boasting about how it is up or flat six days in a row. I still say to sell into strength - David Rosenberg, Gluskin-SheffThe narrative that the economy continues to improve is a myth, if not intentional mendacious propaganda. The economy can't possibly improve with the average house...Read More