CLEAR PRICE CHANNEL MAY PROMPT BIG BREAKOUT OR BREAKDOWN MOVE IN OILIn this report, I discuss the recent price action in crude oil and how economic conditions and the pennant flag chart pattern is indicating a big price move is about to take place over the next few weeks.  While some of you may want a clear, bold prediction as to whether a breakout or breakdown may happen, as technical trader...Read More

The Gold price traded to a new all time high to well beyond the $2000 milestone after having held in a trading range at just below $1800 for most of the post corona crash bounce. June saw the gold price further lift it's trading range to $1840 before the fuse was lit and Gold preceded to bust through $1900, and soon above it's previous $1911 all time high, then $2000, finally coming within a whis...Read More

A breakout or breakdown is pending. The key to understanding the potential of this setup is to ask yourself if you believe an increased...by Chris Vermeulen of The Technical TradersHeading into what will likely become one of the biggest events in American political history on November 3, the US stock markets are holding up quite well on Monday, November 2. My team and I have published a number o...Read More

We couldn't even get $22.50 as the gran finale on silver's latest "correction"? Here's why silver looks ready to rally...There are a ton of things happening in the markets and in the economy.We have the Fed's 2-day FOMC with their "announcement" at 2:00 p.m. EST on Thursday, instead of the usual Wednesday, this week.Recall on Friday, I pointed out how disgusting the Fed and its apologists, armchai...Read More

The inflation remains low and below the Fed’s target. So, should gold bulls worry about it?The U.S. CPI inflation rate rose by 0.2 percent in September , following a 0.4 percent increase in August. It was the smallest jump since May. The move was driven by a 6.7- percent spike in the cost of used cars and trucks, and it’s the most significant upward change over half a century. The core...Read More

Peter Krauth explains why he believes investors should hold a position in silver.We're still in the early innings of a precious metals bull market.And if you're wondering whether you need to own some silver, my answer is categorically yes.It's only a matter of degree. With silver that's important because it acts like gold, but on steroids.Silver can languish for extended periods, even if gold move...Read More

With the presidential election less than a month away, sector expert Michael Ballanger offers a forecast for the gold and silver markets.With a mere twenty-six days to the election of the "leader of the free world," of the richest, most powerful country in human history, financial markets are noticeably apprehensive as to outcome and understandably concerned with the reaction of the two deeply div...Read More

Today’s beaten-down USdollar is a major short-term risk for gold. For decades this yellow metal has often inversely mirrored the fortunesof the world’s reserve currency.  Dollartrends are important trading cues for highly-leveraged gold-futuresspeculators, who wield outsized influence over gold prices.  So an overdue mean-reversion rebound rally eruptingin the US dollar...Read More

Biden widened his lead over Trump,while gold jumped above $1,900 again.According to the most recentReuters/Ipsos poll, Biden has increased his presidential race advantage. Now,as the chart below shows, he leads by 7 percent. I don’t trust in opinion polls. And whyis that you might wonder. It is because they measure the popular vote, whichdoesn’t exactly decide who wins the presidency....Read More

By Justin Spittler : My friend who’s a novice investor asked for advice recently. Hewas “bargain hunting” for cheap stocks, and trying to decide betweenbuying Kohl’s (KSS) or ExxonMobil (XOM).Icringed. “Listen,” I told him. “You’re thinking about this all wrong.”I getwhere my friend is coming from. From childhood we’re taug...Read More

They say that time travels are impossible. But we just went back to the 1960s! At least in the field of the monetary policy. And all because of a new Fed’s framework. So, please fasten your seat belts and come with me into the past and present of monetary policy – to determine the future of gold!At the end of August 2020, the Fed has modified its Statement on Longer-Run Goals and Monet...Read More

After nearly three weeks of sideways/downward price action in Gold and Silver, our researchers believe both metals have already set up another breakout/rally attempt after breaching downward resistance (shown as the downward sloping CYAN line). This could be another huge opportunity for precious metals traders as the next move higher should prompt a rally above recent highs. That means a target pr...Read More

The USD/ZAR chart has been a good predictorfor silver rallies. Similar to the US Dollarindex, but a bit more accurate or precise. Very important silverbottoms tend to coincide with tops of the USD/ZAR chart.Below, is a chart of silver as compared withthe USD/ZAR chart, to demonstrates this fact: The 2001 silver bottom(SB) occurred onemonth before the key 2001 USD/ZAR bottom. This was followed by a...Read More

For the last 2 days our internet has been down which really makes you appreciate this miracle invention. We’ve had intermittent problems through the years that no one has been able to figure out until today. The phone company finally came to the conclusion that there was a tiny defect in their phone line that would only show up from time to time which made the problem so hard to track down....Read More

The latest forecasts from Fastmarkets' team of analysts is ready to view.While a world leader in many areas, the United States is a relatively small player when it comes to stainless steel. It produces a small amount of material, both in absolute and relative terms (i.e. compared to the size of its population), while a large share of its industry is in the hands of bigger European companies. Never...Read More

Turkey produced 25.93 million tonnes of crude steel in January-September 2020, a 2.59% year-on-year increase from 25.28 million tonnes in the same period of 2019, the Turkish Steel Producers' Association (T???oeD) said on Monday November 2.This production figure placed Turkey as the seventh biggest steel producer in the world this year, exceeding Germany, which held the position in 2019.Turkey pro...Read More

The premium for direct-reduced (DR) iron ore pellet for the fourth quarter of 2020 was $24 per tonne, as was agreed in early September, with solid demand reported in the Middle East-North Africa (Mena) region.Fastmarkets' iron ore DR-grade pellet premium to 65% Fe fines index, Middle East reference, was $24 per tonne on Friday October 30, unchanged month on month.Fastmarkets' index for iron ore, 6...Read More

Zach Spencer has joined warehousing and logistics firm Pacorini Global Services (PGS) as business development manager, the company told Fastmarkets. Spencer was at Henry Bath & Son Ltd for over five years, most recently as commercial director in Baltimore, Maryland. He will report to Mario Casciano, chief executive officer of North America, and will be based in...Read More

The three-month lead price on the London Metal Exchange was the laggard during morning trading on Monday November 2, largely due to continued strength in the dollar index, while uncertainty over the result of the upcoming US presidential election caused metals prices to consolidate against moderate turnover.The LME lead price was recently trading at $1,789 per tonne, down by 1.2% from Friday's clo...Read More

RAPAPORT... Rio Tinto will dig the last diamonds up from the ground at its Argyle deposit in Australia on Tuesday, marking the end of an era in the industry. The company will continue to sift through ore at the adjacent processing plant until December, and will hold the final rough sale at the end of that month, a company spokesperson told Rapaport News Monday. Rio Tinto first began operation...Read More