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
You know the old saying...Money talks, bullshit walks.And nowhere is this more evident than in the legal cannabis space.Earlier this week, New York Senator Chuck Schumer rolled out the red carpet for a Canadian-based cannabis company that could soon end up investing up to $150 million in the Empire State's legal hemp market.That company is Canopy Growth Corporation (NYSE: CGC)(TSX: WEED), and if t...Read More
Aeris Resources Limited (ASX: AIS) is currently Australia's fifth largest, independent copper producer by volume produced. Its flagship asset, the Tritton Copper Operations in New South Wales, has delivered record production in recent years and is targeting production of 24,500 tonnes of copper in FY2019. The Tritton Copper Operations include multiple mines and a 1.8 million tonne per annum proces...Read More
In his latest Discovery Watch episode, John Kaiser of Kaiser Research Online has mixed feelings about giant gold mergers such as the Newmont (NEM*US) - Goldcorp (G) deal announced this week. In the short-term, he sees these mega companies being less likely to help out junior explorers. However, this is not all bad. Mr. Kaiser believes standalone well-financed juniors focused on discoveries can th...Read More
Domestic prices for hot-dipped galvanized (HDG) coil in Europe have been stable over the past week because market activity has not recovered fully after the new year holidays in the EU, sources told Fastmarkets on Thursday January 17.The prices for HDG, however, might move up due to the effects from the imposition of definitive measures in the safeguard case on steel product imports by the Europea...Read More
Domestic prices for cold-rolled coil (CRC) in Southern Europe have moved downward over the past week due to the slowness of the market, sources told Fastmarkets on Thursday January 17.The outlook remained negative because demand was likely to remain low and there will be reduced support because of the upcoming definitive measures in the European Commission's (EC) safeguard case against steel produ...Read More
Domestic prices for hot-rolled coil (HRC) in the EU were expected to move down slightly while trading activity remained slow, sources told Fastmarkets on Thursday January 17.In addition, the definitive decision in the safeguard investigation by the European Commission (EC) is expected to have little effec on the HRC market, according to market sources. So EU mills are unlikely to achieve any price...Read More
European steel association Eurofer is concerned that the definitive measures in the European Commission's safeguard case against steel product imports will not be enough to protect the region's markets from material redirected from the United States."While we welcome this endorsement, we are nevertheless worried that the form of the final measures may undermine their intended safeguarding function...Read More
Domestic rebar and wire rod prices in Turkey have continued to weaken in line with the poor demand over the past seven days, sources told Fastmarkets on Thursday January 17.Fastmarkets' weekly price assessment for domestic rebar in Turkey was TRY2,800-2,830 ($519-525) per tonne ex-works on Thursday, down from last week's TRY2,880-2,930 per tonne, including 18% VAT.The local rebar price in...Read More
CloseGain/LossGold $1291.80-$1.50Silver$15.53-$0.06XAU69.53-0.01%HUI153.79+0.06%GDM578.47+0.31%JSE Gold1353.59+32.94USD96.05-0.02Euro113.91-0.05Yen91.77-0.17Oil$52.07-$0.2410-Year2.746%+0.025T-Bond145.1875-0.28125Dow24370.10+0.67%Nasdaq7084.46+0.71%S&P2635.96+0.76% The Metals: Gold chopped between $1291.40 and $1295.00 in Asia before it dipped to $1288.90 by midmorning in...Read More
By Ira EpsteinGold looks poised to breakout to the upside. Silver fell to key support today.https://www.iraepstein.com/ Read More
By Stefan GleasonNever in our lifetimes has American politics been so marked by division and dysfunction.The longest partial government shutdown in history occurred after the Democrat-controlled Congress wouldn't compromise with President Trump on a border wall. The impasse is but one symptom of a deeper malady - one that threatens to wreak wider social and financial instability in the years ahe...Read More
The Turkish long steel export markets remained weak in the middle of the month under pressure from rising scrap costs, while demand in the export and domestic markets was sluggish, sources said on Thursday January 17.Fastmarkets' weekly price assessment for rebar exports out of Turkey was $435-440 per tonne fob on an actual weight basis on Thursday, narrowing downward from last week's...Read More
By Dave KranzlerThe post-Christmas stock rally extended through Wednesday as the small-cap and tech stocks led the way, with the Russell 2000 up 14.3% and the Nasdaq up 12.5%. The SPX and Dow are up 10.4% and 10.1% respectively. During the stretch between December 26th and January 17th, the Russell 2000 index experienced only two down days.Make no mistake, this is primarily a vicious short-cover...Read More
Cheyenne, Wyoming (January 17, 2019) - A group of Wyoming legislators have introduced three bills this week to de-risk the state's financial holdings with modest allocations to physical gold and silver in the state's pension fund, reserve fund, and mineral trust fund.Introduced by Representative Roy Edwards (R-Gillette) and co-sponsored by 15 others, the Wyoming Sound Money Trust Act (HB 174) em...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
By David Haggith In a surprisingly candid admission, two former Federal Reserve chairs have stated that the Federal Reserve alone is responsible for creating all recessions in the United States.First, former Fed Chair Ben Bernanke said thatExpansions don't die of old age. They get murdered.MarketWatchTo clarify this statement, former Chair Janet Yellen placed the murder weapon in the Fed's hands...Read More
71 days. That's all that separates us from the Brexit deadline. And the UK has still no clear path forward exiting the EU. Does gold have one? Today's analysis features possible scenarios for the UK and for gold along with their likelihood. In the current political situation, it's a must-read. Parliament Rejects May's Brexit Deal On Tuesday, the UK Parliament voted on Theresa May's Brexit de...Read More
Although Rick's Picks was itching to short into strength as Wednesday began, we stepped aside when buyers came on stronger than expected. Their bravado didn't last long, however, and by day's end bulls looked spent. Even so, the intraday highs easily exceeded some short-term rally targets (see chart inset), implying that a moderate pullback from these levels should be regarded as a buying opport...Read More
For first time in over 16 years, palladium futures settle at a premium to gold futuresGold futures on Wednesday resumed their climb toward the psychologically important price of $1,300 an ounce, settling at their highest in nearly two weeks on the back of political turmoil in the U.K. and U.S.Caution among traders had deepened "ahead of a no-confidence vote on British Prime Minister Theresa May'...Read More
COMEX FUTURES REPORTThe Brexit vote is over. Theresa May survives. Her next moves will be closely watched. Political uncertainty will result in gold trading with a firm bias. Traders will now start taking positions for Tuesday as Monday is a holiday in the USA. The US dollar is firm due to its safe haven status over the Pound and Euro. Focus will now be on economic data releases and its impact...Read More