The GDX and HUI Index are enjoying ablissful moment. With HUI behaving civilly, will the GDX cling to theunrealistic and try to leap to cloud “ten”?With the GDX ETF punching a hole throughits glass ceiling, the seniorminers are now witnessing an environment that’s beyond their wildestdreams: sunshine, clear skies and a utopia that’s eluded them since thebeginning of the New...Read More

Before going into detail regarding my latest research and cycle phases, I want you to think of these cycle phases as Advancing and Declining cycle trends.  They act as a “build-up of trend”, then an “unwinding of trend”.  In each instance, trends can be either Bullish, Bearish, or Neutral in nature.  My research team and I believe a new Bullish Cycle Phase ha...Read More

The USD Index let out a roar heardacross all markets. The king of the financial jungle arrived, along with thegreenback’s largest single-day gain.Just as the African landscape sometimesneeds to show the strongest of its inhabitants, so does the less remote butequally ferocious financial environment. This time, the USDX seems to have wonthe fight – its fangs and claws turned out to be t...Read More

Wayne Wang will join ThyssenKrupp in early June as senior base metal trader, with a focus on physical aluminium, he told Fastmarkets.He will join ThyssenKrupp's Asian desk in Singapore, which is currently led by Kevin Song.Read More

As President Joe Biden pushed massive new spendinginitiatives in his address before Congress, investors shrugged off risinginflation risk. They pushed the S&P 500 up to a new record close onThursday.Gold,meanwhile, continues to be capped under the $1,800 level – at least for thetime being.  Silver shows a slight weeklygain and trades a little over $26 per ounce. As trading closes ou...Read More

Gold started its decline withoutanyone’s assistance. And when the USDX takes off, that downhill tumble can onlyincrease.The USDX declines and the precious metalssit by idly, twiddling their thumbs. If they had the strength that’s beingtalked about, they should be soaring by now, or getting ready to. So, what’stheir problem?In the previous days, I discussed thesignals coming from...Read More

The Fed left its monetary policy unchanged. However, the lack of any action amid economic recovery is dovish – good news for gold.On Wednesday (Apr. 28), the FOMC has published its newest statement on monetary policy . The statement wasn’t significantly altered. The main change is that the Fed has noticed the progress on vaccinations and strong policy support, and that, in consequence,...Read More

Althoughwe tend to focus more on the fundamentals here at Money Metals, thetechnical indicators can offer important insights. Such as right now.Manytraders, investors, andmomentum players will closely examine the market trend to determine if and whento enter or exit the market.Amarket with a strong technical foundation can launch to dizzying heights, whilea market displaying weak technicals will h...Read More

The near-term outlook for ferro-silicon looks set to climb higher to a near record-high since Fastmarkets started assessing the price more than 24 years ago due to firm fundamentals, industry sources said.The European spot delivered price is gripped between tight supply and strong demand from steelmakers, while market focus is on expectations of renewed demand from consumers in early June for thei...Read More

If you're still waiting to buy physical silver to start a stash, you're now playing financial Russian Roulette... with fourrounds in the cylinder.The chat rooms talk about buying silver andgold when they decline in price. "If silver goesdown to 22, I'm all in!" "When these 'excessive' premiums drop a fewdollars, I'm backing up the truck."1) Emotion and Sentiment Believe it or n...Read More

Peter Krauth of Silver Stock Investor discusses silver's rise and what may lie ahead.Spot silver is trading around $26 per ounce…but you can't buy any at that price.Instead, you'll have to pay almost 50% more.That's right. If you want silver right now, you'll need to pay at least $35 per ounce.If you prefer government mint coins, and you're willing to wait a month to get them, you'll have t...Read More

Indicators are pointing to gold andmining ETFs running out of breath. They don’t seem to have what it takes to themove to the finish line.Despite gold, silver and mining stocks’recent corrective upswings, the precious metals are running out of steam. Afterbursting off of the lows – while failing to recognize that it’s a marathon andnot a sprint – the precious metals&r...Read More

GOOD NEWS… The rebound in gold prices from their recent low has awakened new fervor among those looking for the elusive moonshot. The ‘obvious’ signs of much higher inflation have emboldened those who are inclined to predict ever higher gold prices.Contrastingly, the chart of GLD prices pictured below doesn’t look all that great… At this point, a further one-...Read More

Base metals prices were down by an average 3.2% on the London Metal Exchange at the close on Wednesday May 19, with fears of inflation continuing to creep into markets given new warnings from China and ahead of the release of the minutes from the Federal Open Markets Committee's latest meeting. Zinc's three-month price dropped by 3.9% to $2,939 per tonne at Wednesday's close, erasing the gains it...Read More

Iron ore prices fell sharply on Wednesday May 19, with low liquidity and sintering restrictions in Tangshan driving the downturn, sources told Fastmarkets.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $216.16 per tonne, down $8.28 per tonne62% Fe low-alumina fines, cfr Qingdao: $218.79 per tonne, down $8.98 per tonne58% Fe fines high-grade premium, ...Read More

Base metals prices on the London Metal Exchange dipped slightly across the board during morning trading on Wednesday May 19, following a week of volatility and a growing sense of unease. "Although the first trading week of May looked super bullish, I am not in the camp that base metals can hold on to the gains made. Instead, I envisage the monthly close to turn negative," Fastmarkets analyst Andy...Read More

China's approach to addressing aluminium overcapacity is a "night and day" change from five years' ago, according to the chief executive officer of Alcoa Corporation, Roy Harvey. Harvey said that China had previously operated on a model of building a coal-fired power plant with a smelter connected and essentially repeating the process continually, increasing aluminium production and creating overs...Read More

Domestic prices for European heavy steel plate increased further in the week to Wednesday May 19, supported by good demand, sources told Fastmarkets.In addition, market sources said that lead times from domestic suppliers have been getting longer. German mills have already started trading October-December rolling plate, while Italian re-rollers have been offering July production."Demand is very go...Read More

RAPAPORT... The Responsible Jewellery Council (RJC) has joined a United Nations forum that aims to accelerate the implementation of the 17 sustainable development goals (SDGs).As a member of the United Nations Global Compact (UNGC) SDG Ambition Platform, the RJC will help its 1,400 member companies step up their sustainability efforts and set targets to meet specific benchmarks, it said last week....Read More

RAPAPORT... The Plumb Club has signed up Evolution Diamond and Cynergy Trading Corp. as its newest members, the industry organization said this week.Evolution is a lab-grown diamond manufacturer specializing in bridal, fashion and men's jewelry, The Plumb Club said Monday. Cynergy is the North American arm of India-based diamond-jewelry manufacturer Creations Jewellery."Both companies will be grea...Read More