A summary of base metals premiums from across the globe for the week to Tuesday November 17. Please click...Read More

Peter Krauth looks into what Pfizer and BioNTech's COVID-19 vaccine efficacy announcement could mean for gold and silver. Believe it or not, the big deal for precious metals this week was not the U.S. election.It was news that Pfizer and BioNTech's COVID-19 vaccine was over 90% effective in preventing the virus, and would likely be among the first to receive FDA authorization.Monday was massively...Read More

We last wrote to you roughly ten days ago.We concluded, “It appears GDX and GDXJ will test their September lows at $37 and $52 reasonably soon. Should GDX & GDXJ break those lows to the downside, then we should get ready to buy.”GDX and GDXJ did break their September lows but only for a day. They closed below those levels on October 29 and then gapped down the next day. But as...Read More

Aluminium's three-month price on the London Metal Exchange was among the best performers at the end of trading on Tuesday November 17, with prices stabilizing after a bullish trading session on Monday. The three-month price for the light metal rose by 1.36% from Monday's closing price, to reach $1,977.50 per tonne on Tuesday. A price above $1,970 per tonne for aluminium has not been...Read More

Below is a chart (source) showing a 10-year history of silver prices. The prices are adjusted for inflation… As you can see, the price of silver today is well below its peak price in 2011. At $24 per ounce, silver is down fifty-six percent since August 2011. When the silver price collapsed almost forty percent in just a few weeks earlier this year, its price briefly broke below $12 per ounc...Read More

Here are five Fastmarkets stories you might have missed on Tuesday November 17 that are worth another look.Flat steel import prices in the United Arab Emirates (UAE) have increased over the past week because of a shortage of hot-rolled coil and globally strong demand, sources said on November 17.Alvance, the...Read More

Brace yourselves, winter is coming!This is what Ned Stark in the Game of Thrones told his people to prepare themfor the leaner times he saw coming. While one of the biggest threats in GOTwere the White Walkers, in our reality, the pandemic is again the greatest danger. As the chart below shows, the second wave of the coronavirus infections is no longer a mere possibility – it’s happeni...Read More

The currency markets have just announcedwhat is coming for silver. This was explained in my previousarticle.The USD/ZAR ratio has now broken down. Thissets silver up to finish the year with a very strong rally: Although silver has been strong since thepeak of the USD/ZAR ratio in April, this breakdown means that we are likely tosee an acceleration in price increases.This breakdown also means that...Read More

The elections are behind us. However,the official results are still not definite. What does it mean for gold prices?Ladies and Gentlemen, the new Presidentof the United States is… still unknown! The election results are not available,as some states are still counting the votes. The race is very balanced, withfew states remaining too close to call. At the moment of writing this report,Joe Bi...Read More

Now is not the time for Freeport-McMoRan to be thinking about mergers and acquisitions, the mining company's chief executive officer says.According to Richard Adkerson, the company - which is just over half-way through a mega-project to transform its giant Grasberg copper-gold mine in Indonesia from an open-pit to an underground operation - is on the verge of creating huge shareholder value."I jus...Read More

In Monday’sanalysis , I wrote that the market situation is likely to becomemore specific right before, during, and perhaps shortly after the U.S. presidentialelections . And by “specific”, I mean that the markets could beginmoving against their previous trends.Well, that’s precisely what we’vewitnessed so far. The overnight volatility is significant as the markets try...Read More

Plans for a London Metal Exchange spot trading platform have sparked intense debate within the aluminium industry. But opponents and supporters don't necessarily fall into the camps that one might expect. For starters, a decision by the LME not to change its futures contract, establish a new green aluminium contract or set thresholds to define what constitutes low-carbon metal is proving key in st...Read More

Sometimes it is better to let a situation speak for itself. Alcoa, Rio Tinto Aluminium, Novelis, Constellium, Arconic, Kaiser Aluminum, Tri-Arrows Aluminum, American Metal Chemical Corp, Hydro Extrusion North America, JW Aluminum, Real Alloy, Reynolds Consumer Products, Scepter, Silberline Manufacturing Co, Smelter Service Corp and Wagstaff. The US Aluminum Association, which represents more than...Read More

Peter Krauth explains why he believes gold will be the biggest winner in the election.There's no shortage of prognostications or conjecture about the U.S. election.Of course, everyone has an opinion.Some like red, some like blue, some like neither.Last week's volatility in stocks, bonds, currencies and commodities is a clear signal that markets are uneasy. They hate uncertainty.If the election's o...Read More

Crude oil started this week with abearish price gap and a breakdown below the September and October lows. This isan extremely valuable indication. The black gold seems to have finally decidedwhat the next big move is going to be, and by breaking lower, it effectively“agreed” with our expectations. On its own, the breakdown is verybearish. However, what preceded is equally important, as...Read More

The mostpessimistic forecasts of copper demand, and pricing, during the worst pandemicin 102 years, have failed to materialize. From afour-year low in March, when the coronavirus slammed into Europe and NorthAmerica, the red metal used widely in construction, communications,transportation and energy transmission, has mounted a serious comeback. As ofthis writing spot copper is trading at $3.08 per...Read More

Election Day has finally arrived. Whowill win, and why gold will remain the biggest winner of them all?So, today is the day! It's Election Day.For quite some time, national pollsindicate that Biden has a significant advantage . He is also pollingscarcely close ahead of Donald Trump in key battleground states, but, in somestates, the lead has recently narrowed. So, in many places, the race is still...Read More

Heading 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 of articles recently suggesting we believe wild price swings and increased volatility is to be expected before and after the US elections.  We have even suggested a couple o...Read More

Independent financial analyst Matt Badiali explains why he expects natural gas to rebound and discusses six potential investments.The oil price gets all the press. The price of a barrel collapsed during the Covid-19 lock down. Companies went bankrupt in droves. Now, the industry turned to mergers to survive.Investors fled. The sentiment turned awful. No one cares about oil anymore. The future is e...Read More

Apparently investors don’t tire of hearing the same old thing; and their advisors willingly provide the same questionable advice: “The best way to play this new bull market in gold is to buy gold stocks” or something to that effect. Are gold stocks a better choice than golditself? Let’s find out…Four years ago, in 2016, I wrote the following:“This year’s...Read More