Let’s take an in-day snapshot of gold vs. several key competitors (for your investment dollars/euros/yen, etc.) and check the progress in turning the macro from risk ‘on’ to risk ‘off’, cyclical to counter-cyclical.Gold/Commodities motors along above the SMA 200. The move has been hysterical, and thus looks impulsive. That could mean something as we look back in hinds...Read More
Base metals prices on the London Metal Exchange were mixed at the close of trading on Thursday November 22, with quiet trading continuing to keep prices broadly stable. Nickel's three-month price continued its downtrend, closing below $11,000 per tonne for the first time since December 2017; upward price action continues to be limited by slow Chinese stainless steel production. Additionally, the I...Read More
The major gold miners’stocks remain mired in universal bearishness, largely left for dead. They are just wrapping up their third-quarterearnings season, which proved challenging. Lower gold prices cut deeply into cash flows and profits, andproduction-growth struggles persisted. But these elite companies did hold the line on costs, portending soaringearnings as gold recovers.&...Read More
South Africa's Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) has halted all its gold mining operations in the country after violence broke out overnight during a strike by workers demanding higher wages.Operations at the Driefontein, Kloof and Beatrix mines, major sources of revenue for the precious metals miner, were suspended late on Wednesday due to increasing levels of brutality and intimidation,...Read More
The latest metal markets news and price moves to start the North American day on Thursday November 22. The majority of base metals prices on the London Metal Exchange were rangebound during morning trading while overall volumes remain light.Holding gains made at Wednesday's close, the three-month lead price remained above $2,000 per tonne amid continued outflows in LME stock - which remain at nine...Read More
Have you heard about the Everything Bubble? Some analysts believe that after the dot-com bubble of the 1990s and the housing bubble of the 2000s, we are in the middle of a price bubble in virtually all asset classes simultaneously caused by the Fed’s unusually easy monetary policy with ultra low interest rates. Although we agree that the US central bank maintained federal funds rate too low...Read More
The pound plunged against the euro, the dollar, gold and all leading currencies today as Theresa May’s UK government appeared vulnerable to collapsing and political turmoil risked creating a hard Brexit. Gold in GBP (24 Hours)The pound has fallen 2.6% against gold in less than twenty four hours seeing gold rise from £923 to £947 per ounce in sterling terms.The pound slumped the m...Read More
Vancouver- based Walker River Resources (TSXV: WRR) has announced that it has just started a drilling program at its Lapon Canyon gold project in Nevada.Located 60 kilometres southeast of Yerington in the Wassuk Range, the project consists of 96 claims that occupy 1,940 acres.In a media statement, Walker River said that this winter drilling campaign will focus on infill and expansion of the Lapon...Read More
China has developed tremendously in recent years. But what’s next? Is the country entering the growth recession? And how it will affect the world and the gold market?A New Chapter in ChinaWe have not analyzed the publications of the World Gold Council for a while. Let’s make it up, starting with the newest edition of Gold Investor. The report is about China and its remarkable transform...Read More
Good morning from Fastmarkets MB's offices in Asia as we bring you the latest news and pricing stories on Thursday November 22.Base metals prices on the Shanghai Futures Exchange were broadly down during Asian morning trading on Thursday despite the recent softness in the dollar; copper and aluminium were little changed with a slight upward bias, while the rest were lower across the board. Check F...Read More
Before we look at tonights charts I would like to take a minute to discuss trading the three X leveraged etf’s. Leveraged etf’s aren’t for everyone as they can be very volatile. These instruments are for those that can take a bigger risk and still come out OK when they go against you. For the average investor a 1 X leveraged etf is all they can handle and that should be fine. Whe...Read More
There were several developments in the gold market last week. First, we heard of another trader who has pleaded guilty to “manipulating” the metals market. And, everyone is up in arms again about how gold was manipulated to drop from $1,921 to $1,040 during 2011-2015.And, yes, they are all again saying “ah ha – you see, we were right.”But, as I have said so many times...Read More
The recent upswing in NG prices has been an incredible trade for many, yet we believe a top is now forming in Natural Gas that could catch many traders by surprise. The recent upside gap in price and upward price volatility would normally not concern long traders. They would likely view this as a tremendous success for their long NG positions, yet we believe this move is about to come...Read More
People say that speech is silver, silence is golden. Well, not always. The recent FOMC monetary policystatement is the best example. Lets’ read out today’s article and find out why.Nothing Changes in NovemberOn Thursday, the FOMC published the monetary policy statement from its latest meeting that took place onNovember 7-8. In linewith the expectations, the US central bank kept the fed...Read More
• The precious metal built on the recent recovery from one-month lows and continued gaining positive traction for the seventh session in the previous eight. • The commodity now seems to have cleared a resistance marked by short-term descending trend-line, extending from highs touched in Oct. and early Nov. • Technical indicato...Read More
– Investors in Ireland, the UK and internationally can for the first-time own gold in a secure and liquid way in accredited, professionally managed, fully insured, institutional grade vaults – Secure gold investment in Ireland for first time as global risks intensify and Dublin will compete with London as a favoured gold storage location– Brexit will lik...Read More
Can gold continue to rally? Risk Warning for Financial Promotions Hantec Markets' various market reports and commentary are issued by Hantec Markets Limited, who is authorised and regulated by the Financial Conduct Authority (FCA) in the UK, No. 502635. The reports are prepared and distributed for information purposes only. Trading in Foreign Exchange (FX), Bullion and Contrac...Read More
Gold has been in focus of many traders as a classical defensive asset. Previously, US stock indexes and Gold have been showing a negative correlation, but not this time. From my perspective, Gold is setting up for a limited upside breakout or a more massive downside breakout. We haven’t seen any meaningful demand for Gold from current price levels. If you take a look at COT-reports, you woul...Read More
Happy Thanksgiving, and guess what? With what our friends over at SD Bullion just told us, here's something totally awesome to get excited about...Happy Thanksgiving from the entire Silver Doctors team.This is the time of year when we reflect and consider life's blessings and the important things we are grateful for.Family, friends, health, and wealth are just a few of the things we are thankful...Read More
Matt is looking at three catalysts that are likely to send silver higher. One of the catalysts, Matt says, is closer and closer to reality. Here are the details...by Matt from Silver Fortune via Silver FortuneIn this video, we discuss the 3 major catalysts that are likely to send silver higher, and why one is getting closer and closer to becoming a reality. Read More