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$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
"#CrystalLakeMining has been extremely busy mountain #drilling at #BurgundyRidge, daily sampling, and intensive lab work for final data collection! #NoRockLeftUnturned$CLM #SmallCaps #MineralExploration #Geology #MomentumStocks #GoldMining #GoldenTriangle #AME #Gold #Copper"Read full newsRead More
The Turkish steel producers resumed their deep-sea scrap purchases after the post-Ramadan holiday break with prices going up, while demand in Asia was also firm during the working week ended Friday May 29.Turkish steel mills booked six deep-sea cargoes at higher pricesUS exporters are working to fill sales from both West and East CoastsImport scrap prices in Vietnam rise, outlook unclearTight supp...Read More
Theworld’s largest gold exchange traded fund (ETF) seems to be having a lotof trouble when it comes toaccounting.TheSPDR Gold Trust (GLD) recently appointed its 6th chief financial officer since2014. And the problem of finding and keeping executives who are willing tocertify the Fund’s accounting does not appear to be the only reason for concernat GLD.Thetiming of the most re...Read More
Peak open interest on LULU is in the weekly 12/6 seriesLululemon Athletica Inc. (NASDAQ:LULU) has had a great 2019, soaring 85.5% and hitting an all-time high of $229.65 last week before closing yesterday at $225.53. More bullish analyst attention is coming through on the outperforming retailer, and this matches the sentiment seen in the options pits, where traders have seemingly been betting on m...Read More
The zinc price set a new year-to-date high in the morning of Tuesday May 18 on the London Metal Exchange, with worries about the recent political developments in Peru creeping into investor sentiment, while a dollar at its weakest since the end of February pushed most metals prices up too. Zinc's three-month price reached $3,108.50 per tonne on Tuesday during early trading, the most since June 15,...Read More
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"Paul & Lawrence from Auramex (TSXv : AUX) present the Georgie River Prospect in the original 1800s gold-rush district of the Golden Triangle in BC, Canada.#Auramex $AUX #SmallCaps #MineralExploration #MomentumStocks #Silver #GoldenTriangle #Goldhttps://t.co/PjQd933Q0X"Read full newsRead More
The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key North American steel forecast highlights:?EUR? US sheet prices hit record highs again in May, with upward momentum persisting into June. Actual US hot-rolled coil prices averaged $1,553 per ton in May, largely in line with our forecast of $1,540 per ton. Prices remain supported by strong underlying sup...Read More
(IDEX Online) - Two cases of attempted frauds involving synthetic moissanite are highlighted in the GIA's latest quarterly journal Gems & Gemology.In one case a 7.42-ct rough stone, presented to its New York lab, had been carved into an octahedron, with stepped edges and coarse textures deliberately chosen to imitate the appearance of a natural diamond.In the other, what appeared to be a...Read More
The 2019-nCoV pandemic is definitely a black swan event, one which nobody saw coming. Global business sentiment has taken a massive hit, with major industries grinding to a halt on travel bans, quarantine orders and border controls. Major airlines such as Singapore Airlines and Qatar Airways have grounded their fleets, stock markets have collapsed with exchanges closing and tourism is taking a pun...Read More
China's rebar prices declined significantly in both the domestic and export markets on Friday November 23 amid plunging futures.Domestic Eastern China (Shanghai): 3,920-3,950 yuan ($565-570) per tonne, down 70 yuan per tonneNorthern China (Beijing): 3,780-3,800 yuan per tonne, down 40-50 yuan per tonneThe sharp drop in the paper market during the day intensified the bearish sentiment in the spot m...Read More
Note: A.M. image courtesy of website.HighlightsHead of Research at GoldMoney, Alastair MacLeod makes his show debut on Thanksgiving Day, 2018. Listeners are encouraged to bookmark his weekly commentary at Goldmoney Insights. The Bank of England (BoE) refused to honor its custodial arrangement and return 14 tonnes of gold held on behalf of Venezuela (MacLeod, 2018). Standard anti-money launde...Read More
HighlightsArch Crawford, head of Crawford Perspectives for 41 consecutive years rejoins the show.Our guest advises investors to hold a core position in gold, which could develop a base near current levels.A close above $1,370 would indicate a sign of pent-up bullish demand. Arch Crawford has closed all long positions in US equities and is holding short-term index puts, in case the current...Read More
By David Brady, CFALast week, I provided the fundamental background for why I believe the risk of lower lows in Gold remains, based primarily on USD/CNY breaking the critical 7 threshold. I also provided the rationale for the enormous rally to follow, driven by a reversal in policy by the Fed following a stock market crash and the subsequent ultimate peak in the dollar, including USD/CNY. This w...Read More
By Daniel R. Amerman, CFAThe Organization For Economic Cooperation and Development (OECD) is urging the nations of the world to be prepared for and have a coordinated plan to simultaneously engage in major "fiscal stimulus" in the event of a downturn in the global economy."Fiscal stimulus" is how economists refer to a government substantially increasing spending, while holding taxes constant or...Read More
By Gary TanashianAll through the bear market hopeful rationalizations were served up for a bullish case on the gold miners. All through the bear market we warned people not to eat that rotten turkey!China demand, the China and India "love trade", cyclical inflation driving up the prices of commodities and resources and the classic... economic growth in the US will create cost-push inflation thro...Read More
By Steve St. AngeloGlobal debt increased at the fastest rate at the beginning of 2018. In just one quarter, total global debt jumped by more than $8 trillion. That is quite surprising as total world debt rose by $22 trillion for the full year in 2017. Thus, the increase in global debt last year averaged $5.5 trillion each quarter.However, global debt according to the Institute of Internati...Read More
This reform will make US financial system more vulnerable, just adding fuel to the fire of easy money. This is what some people worry about. Are they right? We invite you to read our today's article about the rollback of Dodd-Frank Act and its potential implications for the price of gold. In May, President Trump signed the rewrite of the 2010 Dodd-Frank law passed earlier by Congress with rare...Read More