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
A few years ago, Standard Chartered made a decision to integrate itself more fully into the supply chains of its clients. The goal: use technology to connect into its clients' ecosystems, upending the traditional model of banking services."There was a realization a few years ago that businesses are evolving and they're evolving quite rapidly - we've seen that in a number of industries and there's...Read More
John Thornton is a Goldman Sachs alumnus educated at Yale, Harvard and Oxford. Mark Bristow is a South African geologist and big-game hunter.Together, this corporate odd couple has a plan to turn around the lagging fortunes of the world's largest gold-mining company, whose shares are down 67 percent from their high in 2010. Thornton, executive chairman of Barrick Gold Corp., set the partnership in...Read More
The Comex copper price tumbled to a multi-week low in morning trading on Tuesday December 18, with reduced liquidity, trade war fears and questions about US monetary policy pressuring the price lower.The copper price for March settlement on the Comex division of the New York Mercantile Exchange tumbled 5.35 cents to $2.7010 per lb. The contract hit a low of $2.6930 per lb, its weakest since Novemb...Read More
On April 17, 1793, three French soldiers broke into the tomb of Michel de Nostredame, a man we know as Nostradamus.Legend has it that one man, a Corporal Adelaide, picked up the skull in an attempt to gain the power of the long-dead seer.His fellow soldiers bore witness that his eyes opened wide as he gained full knowledge, then was immediately struck down and killed by an errant bullet, fired fro...Read More
The three-month base metals prices on the London Metal Exchange were for the most part little changed this morning, Tuesday December 18. The exceptions were copper and tin that were both down by 0.4%, with copper at $6,104.50 per tonne.The rest were either unchanged or up between 0.1% and 0.2%. Considering the weakness in US equity markets on Monday, it is surprising that the metals have not been...Read More
Aqua Metals is nearing completion of the first phase of its two-stage capital improvement program, as well as implementing its plan to begin processing a portion of hard metallic lead into lead ingots. The California, United States-based company, whose AquaRefining technology is designed to recycle lead in a room-temperature, water-based process that emits significantly less pollution, expects to...Read More
Insider buying is starting to jump on the back of the recent sell-off. In fact, there are so many stocks making our INK Edge screens, we will not have the time to cover them all in the morning report by year's end. So, make sure to keep an eye on our INK Edge feature updated on the website early every morning. One stock where insiders are buying big is American Hotel Income Properties REIT LP (Mo...Read More
Flat steel sales from Brazilian distributors increased by 3% year on year in November, amid a slow recovery in the steel market.Sales from distributors amounted to 262,100 tonnes last month, compared with 254,400 tonnes in November 2017, the Brazilian flat steel distributors association (Inda) said on Tuesday December 18.Flat steel consumption in Brazil is mostly being spurred by a positive perfor...Read More
China's hot-rolled coil exporters raised their offers on Tuesday December 18 despite a weakening domestic market amid robust demand in South America, sources told Fastmarkets MB.DomesticEastern China (Shanghai): 3,800-3,810 yuan ($551-552) per tonne, narrowing downward by 10 yuan per tonneNorthern China (Tianjin): 3,630-3,640 yuan per tonne, down 20 yuan per tonneDomestic prices retreated slightly...Read More
China's iron ore futures bucked the downtrend seen across the rest of the ferrous futures market during morning trading on Tuesday December 18 amid relative stability in the physical prices for the steelmaking raw material in recent days.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,399 yuan ($493) per tonne, down 24 yuan per tonne May hot-rolled coil: 3,416 yuan...Read More
CloseGain/LossGold $1249.30+$3.00Silver$14.64-$0.03XAU70.61+2.05%HUI160.34+2.31%GDM583.74+2.24%JSE Gold1328.43+26.18USD97.06-0.08Euro113.64+0.17Yen89.18+0.64Oil$46.24-$3.6410-Year2.823%-0.035T-Bond144.4375+0.65625Dow23675.64+0.35%Nasdaq6783.91+0.45%S&P2546.16+0.01% The Metals: Gold erased early Asian gains and dipped to $1245.10 at about 2AM EST before it rallied up to $1...Read More
By Dave KranzlerA friend asked me today what I thought Powell should do. I said, "the system is screwed. It ultimately doesn't matter what anyone does. The money printing, credit creation and artificially low interest rates over the last 10 years has fueled the most egregious misallocation of capital in history of the universe.Eventually the Fed/Central Banks will print trillions more - 10x mo...Read More
Dear Friend of GATA and Gold:Thanks to C.C., our new friend in Shanghai, China, for alerting us to Chinese-language commentary published in August in the Hong Kong Economic Journal that cited GATA extensively, even taking for illustration the GATA painting by Alain Despert: https://www1.hkej.com/dailynews/investment/article/1914231/ Your secretary/treasurer today has had some fun attempting a tr...Read More
The last few years of the Everything Bubble were driven by the ultimate dumb money: corporations borrowing to buy back their stock at record high prices. A whole generation of CEOs and CFOs were able to pad both their reputations and their year-end bonuses this way while, it seemed, blatantly screwing over their employees and other stakeholders. Like most other kinds of criminal negligence, this...Read More
Graceland Updates By Stewart Thomson 1. The US stock market continues to implode. At the same time, precious metals, bitcoin, and the Indian stock market are acting as superb safe havens.2. Please click here now. Double-click to enlarge this great short term gold chart.3. Note the positive bounce from buy-side support at $1237, and the inverse H&S bottom pattern. A fresh r...Read More
By David Haggith It's downright wintry on Wall Street right now. Firmly establishing the worst start of a December for the US stock market in 38 years, all three major stock indices plumbed the greatest depths they have hit all year ... and it's been a bad year! The S&P 500 and the Nasdaq closed at 2,546 and 6,754 respectively. The Dow closed down 504 points to rest at 23,593. If it closes the...Read More
Dear Friend of GATA and Gold:Are gold and silver mining companies joining the class-action lawsuits being filed against investment bank JPMorganChase because of the confession by a former futures trader for the bank who has pleaded guilty to manipulating the monetary metals markets?:https://www.cnbc.com/2018/12/13/jp-morgan-faces-lawsuits-after-guilty-pl...While gold and silver mining investors...Read More
By Steve St. AngeloInvestors will be surprised to know the main factor that drives the gold price. And no, it isn't the oil price or market. While the oil price has been a good indicator for the gold price over the past 50+ years, it hasn't done much over the shorter term. However, there is a gold market demand factor that seems to move the gold price more than any other indicator.In my ne...Read More
By Keith WeinerFor the first time since we began publishing this Report, it is a day late. We apologize. Keith has just returned Saturday from two months on the road.Unlike the rest of the world, we define inflation as monetary counterfeiting. We do not put the emphasis on quantity (and the dollar is not money, it's a currency). We focus on the quality. An awful lot of our monetary counterfeitin...Read More
Although I've projected a further 3.3% drop in the E-Mini S&Ps over the near-term, we should remain open to the possibility of a stock-market reversal on Tuesday that would kick off the increasingly prayed-for Santa rally/dead-cat bounce. The chart shows what would need to happen to trip the bullish signal. Specifically, the March contract would need to push above the small peak at 2616.75 tha...Read More