The gold miners' stocks are still marching, grinding higher on balance in a solid upleg. While interest in this sector has faded since late February, it is nicely set up for a strong rally. After consolidating high and establishing a sturdy base, the gold miners are likely to soon report greatly-improved first-quarter results. Couple that with gold itself powering higher, and the slumberin...Read More
I've been writing on deflation since the early-1990s, when I had the topic all to myself and was regarded as a voice on the lunatic fringe. Scary essays that I freelanced to Barron's, the San Francisco Examiner and a number of other publications turned out to have been premature, but I've never doubted that the endgame for a global economy glutted by debt would be a deflationary collapse. Skep...Read More
Dear Friend of GATA and Gold:In commentary posted this week at GoldSeek's companion site, SilverSeek, silver market analyst Ted Butler reports confirmation from former Commodity Futures Trading Commission member Bart Chilton that JPMorganChase assumed from the collapsing investment bank Bear Stearns a massive short position in silver and has been allowed to manipulate the silver market for years...Read More
By: Ira EpsteinGold market weekly chart at the 18-week moving average:Read More
Gold and silver will zoom only if there is any indication that the US-China trade deal is not on expected lines. A bad trade deal between USA-China can result in gold and silver restarting their bull run. Full details of the trade deal needs once known will set a new trend for gold and US dollar. Central banks continue to increase their gold reserves with passing of each day. Short term trad...Read More
Domestic prices of flat steel products in Brazil increased in April as producers have been pushing for a readjustment after prices of imported material soared in the first quarter of the year.Fastmarkets' monthly price assessment of Brazilian domestic hot-rolled coil was 2,560-2,610 Reais ($662-675) per tonne ex-works on Friday April 5, up from 2,425-2,470 Reais per tonne on March 1.The assessment...Read More
Waning trade-related fears have halted gold's forward progress for now.ETF inflows slip, further eroding the immediate-term gold outlook.Gold's longer-term recovery is still alive, though, and should continue.While gold's intermediate-term (3-9 month) recovery is still intact, its near-term trend is coming under serious pressure. As we'll discuss in today's report, the latest spike in the...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
The London Metal Exchange has received an application to list grade-I cobalt cut cathodes produced by Norilsk, it specified in a note to members on Friday April 5.The application marks the first time a new brand has been listed since the LME opted to suspend brand listing fees for new cobalt brands on March 26, 2019. Produced in the Murmansk region in Siberia, Norilsk produces cobalt cathodes...Read More
Sandstorm agreed to pay $25 million to Americas Silver, plus $10 million in convertible debt with an equity investment of ~$8 million.In exchange, the company will receive 32,022 ounces of gold over 5.5 years, a 4% stream and a 1.4-2.8% NSR royalty over the adjacent property.Sandstorm will recover its initial investment of $42.5 million in 5 to 6 years with gold prices of $1,200 to $1,300, plus ~9...Read More
Austenitic steel scrap prices in the UK and Europe increased in the week ended Friday April 5, with mills agreeing to increase what they will pay for the nickel component in the material, traders have told Fastmarkets.When mills purchase austenitic steel scrap, the nickel component of that scrap is priced as a percentage of the London Metal Exchange nickel price. While sources routinely decline to...Read More
Markets NFP Trade Talks Brexit Gold Mixed start ahead of jobs report It’s been a mixed start to trading on Friday, as we await the latest jobs report from the US. US futures are marginally higher but we have lost a little momentum. That may simply be because we’re awaiting the latest labour market data from the US, a report that is arguably the most closely followed each mo...Read More
GFI's FY 2018 operational performance suffered a setback during FY 2018.Despite the unimpressive performance, share prices were supported by a rally in gold prices.The gold price rally finally seems to have found some ground.GFI needs to witness the strong operational performance, particularly from the South Deep mine.Thesis Gold Fields Ltd. (GFI) is one of the largest gold miners in the world...Read More
President Jair Bolsonaro's election is bullish for companies like Petrobras.Continued debt reduction focus is bearing fruit.Future growth could propel the stock to new highs as Petrobras is rising from the deep.Petr??leo Brasileiro S.A. - Petrobras (PBR) has been a wreck over recent years as its debt has gotten out of control for one of the world's premier energy companies. Newly elected Presi...Read More
Source: Michael J. Ballanger for Streetwise Reports 04/03/2019Michael Ballanger discusses recent movements in the stock and precious metals markets.Many years ago, while attending university in Saint Louis, Missouri, I had just returned from a Florida Spring Break and had decided to have a few adult beverages with a couple of my hockey teammates to celebrate April Fools' Day, so off we went to...Read More
Mayday, mayday, we are sinking! The global economy is slowing down. How serious is the current slump? We invite you to read our today’s article about the true condition of the world’s economy and find out what are its likely implications for the precious metals market. Will Global Slowdown Support Gold, or Is It Just Temporary? Economists and market analysts often make volte-face. We r...Read More
Bitcoin Gold is the market leader today after the price broke above the 50 SMA 1-hour. BTG/USD hits a snag at $18.00 as the reaction to a double-top pattern starts. The crypto market is mainly in the green following the steady return of the bulls. Selected cryptocurrencies like Bitcoin Gold and Ripple are recording double-digit gains on Friday. Other cryptos in the top twenty are up 1.5% to 7% o...Read More
Kevin Song will join ThyssenKrupp on May 2 as its head of base metals trading on the company's new Asian desk, he told Fastmarkets MB.Song currently works at Awin Resource International, based in Singapore, which he joined in 2017 as a senior trader of zinc, lead and...Read More
The London Metal Exchange has received an application to list grade-I cobalt cut cathodes produced by Norilsk, it specified in a note to members on Friday April 5.The application marks the first time a new brand has been listed since the LME opted to suspend brand listing fees for new cobalt brands on March 26, 2019. Produced in the Murmansk region in Siberia, Norilsk produces cobalt cathodes...Read More
Copper's three-month price on the London Metal Exchange depreciated at the close of trading on Friday April 5, falling by just under 2% over the week and dipping below $6,400 per tonne during the afternoon session amid low volumes and a surging US dollar index. Similarly, Thursday's delivery of more than 30,000 tonnes into LME-listed warehouses across Europe and Asia helped boost copper's dwindlin...Read More