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

London Metal Exchange base metals prices mostly softened on the morning of Wednesday November 17 apart from those for aluminium and nickel, with the US Dollar Index rising to new heights. The US Dollar Index rose to 96.27 during early trading, its highest since July 2020. The three-month copper price was at $9,493.50 per tonne at 9am on Wednesday, down by 0.7% from its closing price of $9,561 per...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

With American silver investment demand continuing to be very strong this year, the U.S. is importing even more silver. The U.S. market is now acquiring metal from... by Steve St Angelo of SRSrocco ReportWith American silver investment demand continuing to be very strong this year, the U.S. is importing even more silver. The U.S. market is now acquiring metal from Turkey, Russia, Uzbekistan, a...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

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

Precious metals expert Michael Ballanger decries last week's manipulations in the silver market. Anyone schooled in the Canadian educational system in the 1960s is by default familiar with William Shakespeare’s famous play Hamlet about a Danish prince that seeks revenge upon his uncle who was believed to have murdered his father to seize the Danish throne. As students forced to utilize a lea...Read More

With inflation more than two timeslower in Europe than in the US, the divergence between the economic zonesdeepens day by day. How might it impact gold?QEInfinity While I’ve warned on several occasionsthat the Fed and the ECB are worlds apart, thelatter now wants to provide more QE once it concludes QE. To explain, withthe ECB’s PEPP program set to expire at the end of March 2022, the...Read More

Armoredvehicle-enabled soldiers and the designers who build them understand that amain battle tank must balance three critical elements in order to"complete the mission."Thishas been true conceptually since the time of David and Goliath, the ThreeHundred Spartans at Thermopylae, with Alexander the Greats' elite SilverShields, and tank battles in four Israeli wars.As ananalogy for those w...Read More

Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipTransparency at centre of corporate climate policySPONSOREDpolyusPolarX finds extra copper potential in AlaskaSPONSOREDpolarxThe Perth-based company said it now had an exploration target in excess of 3.5Moz.Sarama had updated the project's Tankoro resource in September 2020 to...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 minerals"Our drilling has now confirmed that the Rangefront D-4 discovery is not an isolated occurrence and is part of...Read More

Wang said the company planned to increase throughout to 4,000 tonnes per day from the current 3,000-3,300tpd and add a flotation circuit in order to increase the suite of metals produced. The upgrade will see the mine produce 240,000 ounces a year of gold, 600 tonnes per year of copper and 5,000tpy of zinc.Zijin completed the acquisition of Canadian junior Continental Gold in March 2020 for C$1.4...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 miningSpot gold rose to US$1,867 an ounce while silver was up slightly and back above $25/oz.Cash copper lost 1.6% on the Lond...Read More