Kickingthe can down the road is the new national pastime. Every time the government’sbills come due, officials at the Treasury Department find creative ways ofpaying them with money they don’t have.Onemeasure of just how overextended the United States has become financially isthe debt to GDP ratio. For most of the country’s history, excluding temporarywartime blips, net general g...Read More

Inflation accelerated again in September, and gold prices (finally!) reacted positively. Bad news: the rally was short-lived.Unfortunately, I was right. One month ago, when commenting on the CPI readings for August, I wrote that inflation “doesn’t have to go away anytime soon” and that the economic developments suggest that “inflation isn’t disappearing just yet.&rdqu...Read More

Base metals prices on the London Metal Exchange were mostly trading down at 9am on Tuesday November 16 - with the exception of nickel, which was up by over $70 per tonne.Strength in the United States dollar weakened base metals prices, with the US Dollar Index opening the day at $95.53, the highest opening figure since July 21, 2020. The rally has come off slightly since Monday's highs of $95.60.T...Read More

“Gold going nowhere” seems to be a reasonable description of recent price action in the metals markets.Below is a daily chart of GLD for the past year… The price variation from the mid-point (170) of the price range (160-180) is only about 5 1/2 percent – either up or down.For those expecting bigger things, this might trigger some impatience. It might also be disappointin...Read More

What’s the price level exit for theblack gold?The new front month contract (as weswitched now to Dec’21) for WTI Crude Oil futures closed the week at $82 perbarrel on Friday (Oct. 15th).Fundamentally, nothing seems to be able to stop, in the short term, the surge incrude oil prices which continued to rise on Friday amid concerns over supply,since the WTI hit a new high in almost seven...Read More

Seaborne iron ore prices moved up slightly but overall market sentiment remains weak, sources told Fastmarkets on Tuesday November 16.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $90.04 per tonne, up $0.99 per tonne62% Fe low-alumina fines, cfr Qingdao: $91.00 per tonne, up $0.74 per tonne58% Fe fines high-grade premium, cfr Qingdao: $63.07 per tonne, up $1.08 per tonne65% Fe Brazil-orig...Read More

Mining stocks were picked up byinvestors in the latest bullish wave. But these bad performers may be dumpedjust as quickly as they were bought.After the HUIIndex rallied back above the neckline of its bearish head &shoulders pattern, a new bull market for mining stocks has finally begun. Or has it? Well, after an identicaldevelopment occurred in 2000, the HUI Index soon invalidated the breakou...Read More

Spot prices for hot-rolled coil in China edged higher on Tuesday November 16, thanks to a short-lived rebound in futures prices.DomesticEastern China (Shanghai): 4,720-4,750 yuan ($740-745) per tonne, narrowing up by 20 yuan per tonneThe most-traded HRC contract the Shanghai Futures Exchange climbed to an intraday high of 4,527 yuan per tonne on Tuesday, before reversing to register the third day...Read More

Abig week for precious metals markets as inflation pressures push consumer prices to painful new heights.OnThursday, the U.S. Labor Department reported that inflation at the wholesalelevel is up 8.6% from a year ago. That’s the steepest annual advance since thedata started being reported.Ofcourse, Americans who have shopped at a grocery store recently or tried to rentor buy a car don’t...Read More

Copper makes the headlines, but GYX has been bullish all along; gold awaits its time as the message from metals land is bullish, risk ‘on’ and cyclicalWhile copper went through its correction we have been noting each week in NFTRH that the Industrial Metals index, GYX had never aborted its bullish stance. Trends remained up and the index price held the SMA 50’s intermediate trend...Read More

The battered goldstocks are bouncing hard, blasting higher over the past couple weeks!  That’s despite the Fed still looking to soonstart slowing the pace of its epic money printing.  Fed-tightening fears had weighted heavily onthe precious-metals realm since June. Gold stocks’ sharp rally confirms they have started mean reverting muchhigher after withering capitulation...Read More

Strong words, I know. Can I back them up? Well,what we see now – looking at various markets – does indeed look like the startof gold’s end– The Oracle in Matrix Revolutions, 2003The counter-trend rally has probably justended, and the final big downswing has probably just started. This “beginning”of the final downswing is, in my opinion, the beginning of the fina...Read More

As precious metals traders have waited out this extended sideways/downward price contraction in price over the past 14+ months, a very broad Pennant/Flag price formation is nearing an APEX level which suggests Gold may begin a new rally phase over the next 60+ days. Support near $1675 is a critical price level that has been tested three times over the past 8 months. The true APEX of the Pennant/Fl...Read More

An understanding of the relationship between between the gold price and inflation requires historical observation and factual understanding. Below are three specific statements that are rooted in historical fact…1)  GOLD IS REAL MONEYLots of things have been used as money during five thousand years of recorded history.  Only gold has stood the test of time. It has earned its...Read More

Falling oil demand and bearish USinventories are not of any good to WTI investors. However, a deeper slide mightbe a great place to enter the trade…FundamentalAnalysis The Organization of Petroleum ExportingCountries (OPEC) has downgraded its estimate of world oil demand for 2021. Thedemand has been lower than expected so far despite strong prospects for the endof the year.In fact, in its m...Read More

Transparency at centre of corporate climate policySPONSOREDpolyusPolarX finds extra copper potential in AlaskaSPONSOREDpolarxCorazon Mining: developing a large-scale nickel sulphide projectSPONSOREDcorazon miningAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsThe 2019 preliminary economic assessment (PEA) outlined an 8,000 tonnes per day operation, but following trade...Read More

The initial indicated and inferred resource comprises 15.2 million tonnes at 1.6 grams per tonne gold for 781,000 ounces of gold, using a 0.Read More

Transparency at centre of corporate climate policySPONSOREDpolyusPolarX finds extra copper potential in AlaskaSPONSOREDpolarxCorazon Mining: developing a large-scale nickel sulphide projectSPONSOREDcorazon miningAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsThe study confirmed the project was "economically compelling" even at a base case uranium price of US$35 per p...Read More

Look beyond market approach to project valuations: van ZylLeadershipTransparency at centre of corporate climate policySPONSOREDpolyusPolarX finds extra copper potential in AlaskaSPONSOREDpolarxCorazon Mining: developing a large-scale nickel sulphide projectSPONSOREDcorazon miningEvolution successfully raised A$22 million at 20c via an oversubscribed initial public offer, and the shares opened up a...Read More

Transparency at centre of corporate climate policySPONSOREDpolyusPolarX finds extra copper potential in AlaskaSPONSOREDpolarxCorazon Mining: developing a large-scale nickel sulphide projectSPONSOREDcorazon miningAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsPYX, already listed on Australia's NSX, began trading on the LSE on Monday.Read More