Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort169,141150,115103,258173,897212,033446,296465,406Change from Prior Reporting Period 387-5,44511,7988,04014,97120,22521,324Traders16593905852269194 Small Speculators (C) GoldSeek.com LongShortOpen Interest 48,61529,505494,911 -255-1,35419,970 non reportable positionsChange fr...Read More
By Gary TanashianCrude Oil and Industrial Metals continue downward. This is significant per this NFTRH monthly chart showing these items and the broad CRB itself having hit trend lines from the 2008 highs. These pullbacks from long-term trend lines are notable and qualify cyclical commodities as risk indicators for the cyclical macro.Here is oil's weekly view. Key support was lost last week as n...Read More
By Jordan Roy-Byrne CMT, MFTA The recent weakness in Gold and gold mining stocks is not over. In fact, we are worried about another leg down getting underway. If that comes to pass, we are positioned to profit from it. But I digress. Long-term oriented investors and speculators should be aware of the near term trends but they should also be aware of the conditions that will lead to a shift f...Read More
By David Brady, CFAIt is difficult to provide an update on something that hasn't moved in months. Other than a spike higher on October 11, Gold has basically done nothing in the past three months. The current range remains 1214-1251. Many investors in the precious metals space have become extremely bullish recently, given the rally from 1167. But there is little reason for it, in my opinion. Not...Read More
First developing countries blew up. Then real estate topped and started to roll over. Now oil has entered what CNBC just called its "longest losing streak in three decades." The oil rout just became a bear market for U.S. crudeIn a volatile turnabout, the U.S. crude benchmark fell into a bear market Thursday just five weeks after hitting a nearly four-year high.West Texas Intermediate crude for...Read More
After falling in August and September, intervention in the gold market by the Bank for International Settlements via gold swaps increased substantially in October, according to the bank's monthly statement of account, published this week: https://www.bis.org/banking/balsheet/statofacc181031.pdf The bank's August and September statements are here: https://www.bis.org/banking/balsheet/statofacc180...Read More
TSX Venture Exchange (TSX-V): GRGFrankfurt Stock Exchange (FSE): G6A OTCQB Venture Market (OTCQB): GARWFVANCOUVER, Nov. 9, 2018 /PRNewswire/ - Golden Arrow Resources Corporation (TSX-V: GRG, FSE: G6A, OTCQB: GARWF), "Golden Arrow" or the "Company" is pleased to announce that the Company's joint venture partner in Puna Operations Inc., ("Puna") has reported...Read More
By Daniel R. Amerman, CFAHousing prices and the associated REIT returns have worked very differently in the United States since the recession of 2001. The increasing financialization of the real estate markets by Wall Street, and the aggressive and unconventional interventions by the Federal Reserve over that time, have combined in multiplicative fashion to produce new and volatile sources of ho...Read More
"We are in a bond market bubble that's beginning to unwind." This is the statement of Alan Greenspan. Is he right? We invite you to read our today's article about the US bond market and find out whether it is in bubble or not - and what does it all mean for the precious metals market. Bond yields are in an upward trend since 2016/2017. And they hit the accelerator again last month. The 10-ye...Read More
The flow of institutional money into stocks is under such expert control these days that we shouldn't doubt DaBoyz' ability to manipulate the broad averages to new record highs regardless of economic headwinds. On days when the FAANGs are soft, which was the case on Thursday, the Dow is firm. Conversely, when the FAANGs are raging, the Indoos are often subdued. This suggests that even though the...Read More
Key Gold and Precious Metals News, Commentary and Charts This WeekWith Brexit around the corner and stock markets plunging in October - is now the time to invest in gold is asked by This Is Money this week. They kindly mention GoldCore as a leading "online bullion dealer" of physical gold (bars and coins) and informed their readers how "buyers can ask to have it stored, for a charge, or delive...Read More
A December interest rate hike is more or less a done deal. Chances of an interest rate hike in March next year will be high. All in all this is US dollar positive news. Gold and silver new investors will be waiting for more correction. Indian gold demand will be dependent on price trend. Right now the trend for gold price in India is down. The trend of the Indian rupee against the US dollar effe...Read More
BERLIN (Reuters) - The two frontrunners to succeed Chancellor Angela Merkel as Christian Democrat (CDU) leader pitched for the support of women in the party on Friday after polling showed that views of Germany’s first female chancellor differed markedly by gender.Whoever wins the contest to succeed her at next month’s party congress will be in pole position to become chancellor of Euro...Read More
SOMME VALLEY, France (Reuters) - French President Emmanuel Macron and British Prime Minister Theresa May laid a wreath at a memorial in the Somme valley on Friday, honoring fallen World War One soldiers on the eve of the centenary of the war’s end.The Somme Offensive, waged in 1916, was intended to hasten a victory for the allies against the German empire, but after four months of trench war...Read More
WASHINGTON (Reuters) - President Donald Trump on Friday said he did not discuss the U.S. special counsel’s ongoing Russia investigation with Matt Whitaker before appointing him as acting attorney general this week.Speaking to reporters at the White House, Trump also said he had not ruled out sitting down for an interview with Special Counsel Robert Mueller, who is probing alleged Russian int...Read More
Prices for light iron scrap in the United Kingdom were steady this week, consolidating a rise of ?5 ($7) per tonne over the week before, sources told Fastmarkets on Friday November 9.This increase reflected the fundamental pattern of domestic business conditions and a similar pattern in key export destinations, they added.Fastmarkets' weekly price assessment for UK grade-5C ferrous scrap on an in...Read More
Watch as Brent Johnson, CEO of Santiago Capital, discusses the complex relationship between the US Dollar and gold prices and what it means for investors.Read More
PARIS (Reuters) - Several French IT companies have been searched on suspicion of anti-competitive practices, the country’s competition watchdog said on Friday.The regulator did not name any of the companies that were targeted but said they were active in the fields of IT services, consulting, engineering and software.“At this point, these searches obviously do not prejudge the guilt of...Read More
(Reuters) - U.S. President Donald Trump on Friday blasted a federal judge’s decision to halt construction of the Keystone XL pipeline that would carry heavy crude oil from Canada to the United States, a project that has been in development for a decade.The ruling out of U.S. Court in Montana on Thursday dealt a major setback to TransCanada Corp (TRP.TO) and could possibly delay the construct...Read More
Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More