The platinum group elements (PGEs) consist of six metallic elements found in the Periodic Table: iridium (Ir), osmium (Os), palladium (Pd), platinum (Pt), rhodium (Rh) and ruthenium (Ru). Platinum and palladium are the most well-known of the PGEs due to their industrial applications in diesel and gasoline engines. The market for palladium has become especially interesting of late, with the price o...Read More
Warehouse operator Access World has significantly increased its London Metal Exchange warehouse presence in Port Klang, Malaysia, by listing 25 new LME-registered warehouses there over the past two weeks.Nineteen Access World-owned warehouses in Port Klang were listed on Monday April 29, according to an LME notice. Six had previously been listed on April 17 in Port Klang. Before the mass listing o...Read More
Economists are good for one thing, and that is creating theories. The trouble is, those theories are often wrong. This is why economics is often called “the dismal science”. Such is the case with the latest economic soup-de-jour, Modern Monetary Theory, or MMT for short. In this article we take a deep dive into MMT: What is it? Who’s behind it or against it, whether it...Read More
Gold prices are going down again. On Monday April 29th, the troy ounce of this precious metal costs 1283.30 USD. It might well be that the instrument may plunge even more unless some significant news appear on the market. The driver that may support Gold is investors’ possible risk aversion. There may be several reasons for that, starting from the US Federal Reserve’s decision to keep...Read More
Aluminium's three-month price on the London Metal Exchange fell by more than 1% at the close of trading on Monday April 29, reaching its lowest level since January amid fresh inflows of more than 50,000 tonnes. The light metal closed at $1,828 per tonne this afternoon, with volumes traded leading the complex, with more than 12,400 lots changing hands by the close, while open interest has climbed b...Read More
Treatment charges (TCs) paid for zinc concentrates on the spot market declined in April, with Chinese smelters and traders actively acquiring tonnages at lower levels than before.Fastmarkets monthly assessment for zinc concentrate spot TCs, cif Asia Pacific, was at $260-290 per tonne on April 26, down from $270-305 per tonne on March 29.The drop marks a break in the uptrend for sharply rising zinc...Read More
How to turn a simple chart into a near-term road map On February 20, Variety Magazine's "Film News Roundup" announced a new thriller coming to theaters near you: "The Silver Bear."Funny enough, that same day, another kind of thriller was playing out in the theater of finance; its name, the Silver Bull!The chart below captures the action: Since the start of 2019, silver prices had been on a tear, s...Read More
Gold has faded from interestin the past couple months, overshadowed by the monster stock-market rally. But gold has been consolidating high, quietlybasing before its next challenge to major $1350 bull-market resistance. A decisive breakout above will really catchinvestors’ attention, greatly improving sentiment and driving major capital inflows. With gold-futures speculator...Read More
Historically, April has been a pretty consistent upside opportunity in Natural Gas for over 20 years. Over the past 24+ years, the upside opportunity in Natural Gas has been accurate over 68% of the time with the average upside potential ranging from $0.60 to $0.85. With Natural Gas sitting down near recent lows and seeing as though we are still fairly early in the month of April, our...Read More
Stocks slightly extended their short-term uptrend on Friday, as investors reacted to the quarterly corporate earnings, better-than-expected economic data releases. The S&P 500 got very close to the September 21st record high again. Will it reach the new all-time high today?The U.S. stock market indexes gained 0.3-0.5% on Friday, slightly extending the uptrend, as investors' sentiment remained...Read More
From a post on gold and silver on Tuesday…Very simply, if it’s an H&S it’s a minor one with a target to the SMA 200 or short-term lateral support. Gold has curled back up to test the underside of its SMA 50. A takeout of 1310 and then the March high could put yeller back in business. Otherwise, don’t personalize it. A test of the SMA 200 would be normal.The H&S was...Read More
Super Wednesday is behind us! The masters of monetary policy have revealed their cards. The Fed released the fresh minutes, the ECB held its monetary policy meeting, while the Brexit was postponed again. How will all these play out in the gold market?Minutes Show Patience among the FOMC MembersThe minutes from the pivotal FOMC meeting show that the Fed saw the first-quarter economic slowdown as tr...Read More
Bix says the timing of the sudden death of Bart Chilton is just too suspicious. Here's why...by Bix Weir of Road to RootaI am stunned and very, very saddened by the sudden death of CFTC Commissioner and Silver manipulation whistle-blower Bart Chilton. The timing is just too suspicious...Read More
Gold is often criticized by Wall Street as being kind of a useless investment.Institutional investors tend to prefer investments that are thought to contain the potential for growth, growth = sprouts. An investment has to produce a growing revenue stream - if it doesn’t grow it doesn’t compound. Gold is rejected as an investment because it doesn’t produce sprouts, meani...Read More
There are more than a handful of things I can cite as leading indicators for the Gold price.Ratios such as Gold against the stock market and Gold against foreign currencies are generally good leading indicators. The gold stocks and Silver can function as leading indicators at times. Yhe yield curve and bonds can also be leading indicators. But there is one thing I’ve never mentioned, nor wri...Read More
Oil prices jumped to five-month highs this week, pushed higher by a bullish cocktail of supply outages, geopolitical unrest and a sputtering shale sector.The most recent factor is the sudden eruption of the long simmering feud in Libya between rival factions. The attack on Tripoli by the Libyan National Army (LNA), a militia led by Khalifa Haftar, led to a spike in oil prices on Monday as the mark...Read More
Investing.com - Gold prices slipped on Monday in Asia as markets await the outcome of the next FOMC meeting.Gold futures for June delivery, traded on the Comex division of the New York Mercantile Exchange, were down 0.1% at $1,287.05 per ounce by 1:16 AM ET (05:16 GMT).The Fed will conclude its two-day meeting on Wednesday amid expectations that interest rates will remain on hold. The meeting is c...Read More
James Hyerczyk20 hours ago (Apr 29, 2019 4:37 AM GMT)Gold futures rebounded from early session weakness to post a potentially bullish closing price reversal bottom last week. Despite the strong U.S. Dollar, which hit a 2-year high last week, gold prices rallied because of a drop in U.S. Treasury yields. They were part of global weakness in the government debt markets that started after the release...Read More
One of the reasons given for allocating aportion of one’s investment assets to the precious metals sector such asphysical gold is that gold can be considered as an insurance policy against thedevaluation of paper money. On my office wall I have framed various bank notesfrom an 'inflationary' period of time which include the following:2,000,000 marks, Germany 1923100,000,000 Pengos, Hungry 19...Read More
During the course of the past few weeks, we have heard much about the inverted yield curve in three-month and ten-year Treasuries as a harbinger of recessions. Missed in the press reports is the fact that it has also been a harbinger of higher gold prices. In the chart above, please note the upward surges in the price of gold in the five-year periods following the two most recent yield inversions...Read More