Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More

The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More

By David HaggithA summer storm is gathering against the housing market all across the US. More than a year ago, I predicted the collapse of Housing Bubble 2.0 and then predicted as soon as the housing market collapse had begun that it would see temporary reprieve until the summer of 2018.Well, that reprieve has ended ... two months ahead of the schedule I suggested as an outlier. The storm clo...Read More

Brazilian flat steel import volumes rose by 23.13% year-on-year in June 2018, mostly because of higher inbound shipments from China....Read More

The recent currency and debt crises in Argentina and Turkey raise questions about the condition of the global economy in general and the emerging countries in particular. Are they merely isolated events without broader implications or are they canary in the emerging market mine? This question is timely and worryingly justified in the context of the ongoing Fed's tightening cycle and the ECB's s...Read More

As part of Merk's in-house research we regularly evaluate a consistent set of charts covering the economy, equities, fixed income, commodities and currencies. The aim is to keep our eyes open and to look through the noise of the headlines, avoiding the distractions of sensationalized click-bait. In sharing this content, we offer a cross-check to your own thinking and aim to add value to your own...Read More

In the 2nd July Weekly Update we discussed the risk posed by the recent weakening of China's currency (the Yuan), and commented: "We won't know for sure until China's central bank publishes its international currency reserve figure for June, but the recent weakening of the Yuan does not appear to be the result of a deliberate move by China's government." We now know for sure the Yuan's pronoun...Read More

By Avi GilburtI always love reading titles to articles that tell me I am about to read a bunch of "reasons" as to why a market is going to do something. So, I thought I would write my own.When someone presents you with such an article, this is what they are really saying:The stock market is logically going to decide to move in a specific direction because the reasons for it to do so are stronger...Read More

Dow components AXP and IBM will be in the earnings spotlight after the closeWith corporate earnings set to continue rolling in today, U.S. stock futures are trading slightly below fair value. A loss would snap the Dow Jones Industrial Average's (DJI) four-session win streak, while the Nasdaq Composite (IXIC) will need to fight to extend its run into record-high territory. Traders this morning are...Read More

COLORADO SPRINGS, Colo., July 18, 2018 (GLOBE NEWSWIRE) -- Gold Resource Corporation (NYSE American:GORO) (the "Company") announced the continued expansion of both the Arista Mine's Arista and Switchback vein systems. Drill hole intercepts include 23.39 meters of 2.00 grams per tonne (g/t) gold and 200 g/t silver; and 9.94 meters of 2.16 g/t gold and 95 g/t silver expanding Switchback's strike...Read More

By Keris Lahiff via CNBCThis market is in the "biggest bubble in the history of mankind," Ron Paul told CNBC's "Futures Now" last Thursday.Access CNBC video here"I see trouble ahead, and it originates with too much debt, too much spending," Paul said.Paul belongs to the Libertarian Party, a faction that emphasizes constrained government spending. He sees federal spending and monetary policy a...Read More

Gold and silver fell below the key long term moving averages and key retracement levels after the Federal Reserve chairman's semi-annual testimony. The Indian gold future price fell below Rs.30,000 after more than a year. There should be very good physical demand in Asia for gold. I am not very sure of higher silver demand in Asia. Gold premiums will rise. I am not writing off gold as an investm...Read More

Up days have outnumbered down days so far, but the return has been minimalThe good news for the market this year is that the S&P 500 Index (SPX) has been higher 58% of the time. That's an impressive stat, ranking 13th out of 69 years since 1950. This plethora of up days, however, has led to a relatively small return of just around 5%. The trendline in the chart below shows that, given the number o...Read More

Seaborne iron ore prices rose modestly on Wednesday July 18 with several cargoes of Pilbara Blend fines traded at smaller discounts than earlier in the week....Read More

Full Article: SWOT AnalysisBy: Frank HolmesStrengthsThe best performing metal this week was gold, up 0.14 percent. St Barbara produced a record-breaking 403,089 ounces, up 6 percent from the 2017 fiscal year, according to Bloomberg. This is the first time the company has exceeded 400,000 ounces in a year. Mining in higher grade zones of the South West Brank resulted in an average grade of 13.2 gr...Read More

Zinc prices on the London Metal Exchange rallied over 3% at the close of trading on Wednesday July 18, buoyed by weaker than expected US housing statistics amid broad consolidation across most of the other base metals. ...Read More

UK long steel producer British Steel has announced plans to upgrade its wire rod line at Scunthorpe in England in 2019, to produce material in a wider range of sizes (up to 28mm) and to tighter tolerances, with better surface quality and micro-structural properties....Read More

About 112 tonnes of cobalt in drums have been stolen from the Vollers warehouse in Kesterenstraat 21, Rotterdam. The theft, from a secure area of the warehouse, is believed to have taken place between Thursday July 5 and Monday July 9, according to a notice from the Minor Metals Trade Association sent to its members earlier on Wednesday July 18."Additional monitoring and security have been impleme...Read More

Fed testimony before Congress catalyzes gold's latest sell-off.Dollar strength simply too much for gold to contend with.Silver is currently offering no help as gold trend remains bearish.While gold's trend has remained down throughout the last few weeks, there was at least a faint glimmer of hope that the bulls might succeed to force a short-covering rally. But after several desperate days of...Read More

Domestic prices for mesh-quality wire rod produced and delivered in Northern Europe narrowed upwards on Wednesday July 18, amid supply concerns ahead of the implementation of the preliminary safeguarding measures in Europe, sources said....Read More

The latest news and price moves to start the Asian day on Thursday July 19.Zinc prices on the London Metal Exchange rallied at the close of trading on Wednesday July 18, buoyed by weaker than expected housing statistics in the United States amid broad consolidation across most of the other base metals. Read more in our live futures report.Here are how prices looked at the close of t...Read More

A South Korean salvage team has discovered the wreck of a Russian warship that's still carrying 200 tonnes of gold bullion and coins worth 150 trillion won ($130 billion),It is thought that the battle ship, called Dmitrii Donskoi, sank during the Russo-Japanese War in 1905, going down with 5,500 boxes of gold bars and coins to prevent the Japanese from seizing it.Historical accounts reveal it woul...Read More