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: Dave KranzlerThe retail sales report for December - delayed because of the Government shut-down - was released this morning. It showed the largest monthly drop since September 2009. Online sales plunged 3.9%, the steepest drop since November 2008. Not surprisingly, sporting goods/hobby/musical instruments/books plunged 4.9%. This is evidence that the average household has been forced to cut...Read More
Since the invention of banking, the global financial system has become increasingly centralized. In the modern system, central banks now control everything from interest rates to the issuance of currency, while government regulators, corporations, and intergovernmental organizations wield unparalleled influence at the top of this crucial food chain. There is no doubt that this centralization...Read More
By: Richard (Rick) Mills, Ahead of the herd What were you doing on August 1, 2018? Likely it was just like any other day, with your thoughts on work, your spouse, your kids, money, what to make for dinner, etc. What you should have been thinking about though, was the Earth. August 1 was Earth Overshoot Day. What does that mean? Well, Earth Overshoot Day is the day of the year when humanity h...Read More
Stocks had trouble staying aloft Tuesday after rocketing higher a day earlier. Although the Dow finished with a 117-point gain, it was up by more than 200 in the early going and probably would have finished in the red if sellers had been less timid. There were other signs of heavy distribution. For one, AAPL's sly handlers opened the stock on the high of the day, trapping bulls before pulling th...Read More
Question: Plunger you keep insisting that we are in a bear market. Really? The averages have done nothing but go straight up since December 24th. At this rate we will be at new highs within a month. I thought prices go down in a bear market! That's not happening.Answer: The most reliable method of forecasting the eventual outcome of the market over the past 118 years has been Dow's Theo...Read More
Domestic prices for hot-dipped galvanized (HDG) coil in Europe have been largely stable over the past week, but were expected to increase with support from the definitive measures applied after a regional safeguard investigation, sources told Fastmarkets on Thursday February 14.The European Commission (EC) has imposed definitive safeguard measures on a list of imported steel products, in the form...Read More
Base metals prices on the London Metal Exchange were mostly lower at the close of trading on Thursday February 14, with a collective trend of dwindling LME stocks failing to prompt upward price action while volumes traded remain moderate. Nickel's three-month price was the biggest downward move over the afternoon, with its price action down 1.6% amid continued negative risk-appetite, while dollar...Read More
Here are five Fastmarkets MB stories you might have missed on Thursday February 14 that are worth another look.The Singapore Exchange said its new high-grade iron ore futures, which are settled against the Fastmarkets MB 65% Fe Iron Ore Index, have seen over 3 million tonnes worth of transactions since its December 3 launch involving 30 market participants. There are indications that China mi...Read More
Will fiscals stimulus run out by 2020?What is the biggest threat within the US?What does it all mean for the gold market?114 months. So long is the current US economic expansion. It officially started in June 2009, and if the country avoids recession until July 2019, the uptrend in the business cycle will exceed 120 months, becoming the longest expansion since at least 1857, when the NBER began re...Read More
Here are five Fastmarkets MB stories you might have missed on Wednesday February 13 that are worth another look.The London Metal Exchange has extended the consultation period regarding its proposals on pre-trade transparency to March 1, it said in a note to members on Wednesday February 13.The process to exclude steel and aluminium from the Section 232 import tariffs applied by the United Sta...Read More
Three manias in a generation (2000, 2008, 2019) all end badly.Current price earnings ratio (30.02) is higher than 1929.Gold priced in yen near all-time high.Follow David McAlvany and get email alertsRead More
Elliott wave view in Gold suggests that rally from August 16, 2018 low ($1160.37) is unfolding as an Elliott Wave Impulse structure. Rally to $1326.53 ended wave (3). Wave (4) pullback is in progress as a double three Elliott Wave structure. Down from $1326.53, wave W ended at $1302.4 and wave X ended at $1318.17. Internal of wave W takes the form of a zigzag Elliott Wave structure. Wave...Read More
Legendary gold mine investor and founder of Franco-Nevada Corp., Pierre Lassonde, appears on the radio program this week.He discusses the current state of the gold mining industry and whether or not he thinks now is a good time to increase gold share holdings.Michael Oliver shares his analytical view of the gold markets.Legendary gold mine investor Pierre Lassonde appears for the first time on the...Read More
Detailed data for Chinese trade is still not available, but there are indications that the East Asian country may have become the biggest importer of pig iron in Asia last year, according to Fastmarkets' research team.We pointed out in June last year that the Chinese import pig iron market might revive to fill the widening gap between iron and steel production in China, alongside ferrous scrap.Hon...Read More
Base metals prices on the London Metal Exchange were mostly lower at the close of trading on Thursday February 14, with a collective trend of dwindling LME stocks failing to prompt upward price action while volumes traded remain moderate. Nickel's three-month price was the biggest downward move over the afternoon, with its price action down 1.6% amid continued negative risk-appetite, while dollar...Read More
The US copper price failed to rebound on Thursday morning in the United States, while market participants hold back from being too optimistic about recent developments in US and Chinese trade talks.The copper price for March settlement on the Comex division of the New York Mercantile Exchange dipped 0.65 cents to $2.7665 per lb.Positive sentiment surrounding US-China trade is also beginning to man...Read More
Seaborne iron ore prices nudged up on Thursday February 14 with traders heard taking cargoes, although buying from Chinese mills remained limited.MB 62% Fe Iron Ore Index: $88.32 per tonne cfr Qingdao, up $1.10 per tonne. MB 62% Fe Pilbara Blend Fines Index: $87.71 per tonne cfr Qingdao, down $0.35 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $89.61 per tonne cfr Qingdao, down $0.03 per tonne....Read More
Ted says you're much better off owning silver now, because once the price is set free, what's been done to silver will be obvious to the entire world...by Chris Powell of the Gold Anti-Trust Action Committee (GATA)Ted Butler is confident that Justice Dept. will stop JPM's silver riggingDear Friend of GATA and Gold:Silver market analyst Ted Butler, interviewed by Jim Cook of Investment Rarities in...Read More
Yamana Gold's (AUY) stock rebounded 4.65% in after-hours trading on Thursday after the miner announced Q4 and FY 2018 results. During regular trading hours, Yamana closed down 1.1% in line with the weaker overall market.Yamana's gold equivalent ounce production for the fourth quarter was 310,369, including 270,193 ounces of gold and 3.26 million ounces of silver. Total Yamana gold production...Read More
Casa Minerals (TSXV: CASA) has optioned its Keaper polymetallic project 15 km northeast of Terrace, B.C., less than 5 km from the company's flagship Pitman polymetallic project, to a private company that has the right to earn a 60% interest in the property over four years.In order to earn its interest, the optionee must spend $4 million on exploration, pay Casa $550,000 and issue Casa 2.5 million...Read More