The LME three-month copper price was the standout performer at the close of trading on Wednesday June 10,achieving its highest closing price since January 23, while tin futures similarly recorded a six-month high. Copper's outright price on the London Metal Exchange closed at $5,907 per tonne on Wednesday afternoon, climbing from an intraday low of $5,776.50 per tonne, while turnover topped the ba...Read More

The China virus, the economic lockdowns, and themulti-trillion-dollar rescue efforts of central bankers have dominated marketsover the past three months.However, as lockdowns gradually lift and the 2020 election drawsnearer, investors will begin to focus more on political developments.The once-strong economy that President Donald Trump had hopedwould propel him to re-election has collapsed. The Pr...Read More

When the economic crisis hits, the first instinct is to analyze the previous catastrophes to learn what to expect from and how to handle the current calamity. So, not surprisingly, many analysts have already pointed to the 2008 global financial crisis (GFC) as the most relevant example. However, is really the current coronavirus recession similar to the Great Recession? Let’s compare these t...Read More

Seaborne premium hard coking coal prices edged down on Wednesday June 10 with transactions sealed at lower levels. Fastmarkets indicesPremium hard coking coal, fob DBCT: $106.96 per tonne, down $0.36 per tonne Premium hard coking coal, cfr Jingtang: $115.02 per tonne, down $1.31 per tonneHard coking coal, fob DBCT: $88.24 per tonne, up $0.99 per tonneHard coking coal, cfr Jingtang: $98.51 per tonn...Read More

The waiting time for aluminium at Istim's warehouse in Port Klang in Malaysia rose to 42 days at the end of May, according to the latest London Metal Exchange queue report, up from 26 days at the end of April. But a fresh queue has built up in Johor in Malaysia too, the new data shows. As of the end of May, there was a 22-day queue at Istim warehouses in Johor for copper, lead, zinc and...Read More

Though gasoline demand remains historically weak, commuters are beginning to head back to their offices, opting for the isolation of their personal vehicles and abandoning public transit, reports McAlinden Research.Saudi Arabia enhanced their commitment to OPEC+ supply cuts as the Kingdom said they'd shut production of additional 1 million barrels of crude oil per day next month. Most of the OPEC+...Read More

The silvermarket is on the move. In fact, it’s finally moving out ahead of otherprecious metals and showing some real leadership. After the panic selling of March briefly brought spot silverbelow $12/oz, prices have since surged by 50%. That’s an impressive move totake place within the span of just two months.The question for investors now is whether the recent rally insilver is fleeti...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.Aluminium: Short-term upside targets achievedLME aluminium's price recovery to $1,600 per tonne has been driven by macro forces acting on all metals, and amplified for aluminium by technical factors after prices became so oversold at the double-bottom lows in April and May. With a 4-million-tonne supply surplus this year, al...Read More

Before we look at tonights charts I would like to go over some challenges that we’ll face as the current impulse move in the PM complex continues to move higher. It’s not everyday that you will find yourself getting in close to the bottom of a multi month rally. One of the biggest problems I’ve witnessed over the years, especially with PM stock investors, is they grow complacent...Read More

This week, Powell gave a long television interview and a testimony to the Senate. What groundbreaking did he say, and what do his remarks imply for the gold market?Powell Gives Interview and TestifiesPowell dominated media news this week. On Sunday, the Fed Chair gave an interview to CBS news magazine “60 Minutes,” while on Tuesday, he testified before Congress. What did he say? In an...Read More

The move of a lifetime isjust beginning!The senior mining companieshave led this rally for the past year. In the metals sector you get leadershiprotation from bullion, silver, senior miners, and junior miners. Silver and thejunior miners have yet to break out of their 2016 highs, but it's coming. Webelieve the junior miners will be next and break through the elusive $52 level. Once this price is b...Read More

To be bullish or not to be – thatis the question. Or it might have been the question, if someonenamed Shakespeare wrote a piece titled Investhamlet.The choice whether to be bullish or bearish orneutral on a given asset should be made each day, each time based on theinformation that is currently available. Let’s check the new signs that we sawyesterday. First of all, we just saw a beari...Read More

This week has been a wild and emotional one and it’s just started! With Monday’s big pop in the stock indexes, the big rally was based on vaccine news and bullish comments from the fed, convincing most traders and investors to be overly bullish this week.My volume flow indicator showed a reading of 10 all day yesterday, which means ten shares were being bought on the NYSE at the ask, t...Read More

In my previousarticle, I’ve written about how important US dollar movements arefor future Silver prices. The chances of a significant Silver rally during US dollarstrength is very low; and it is very high during US dollar decline.The structure of the Silver bull marketsince 2001 has a lot in common with that of the 70s bull market. However, oneof the important differences pertains to US doll...Read More

Interest in silver has to do with its price, which is seen as a leveraged play on the gold market. Silver has lagged gold for a couple of years, making it...Johann Wiebe interviewed on Palisade RadioJohann discusses the impact of the pandemic on global supply changes and the demand for gold and silver. Sentiment for precious metals have improved and he believes it's prudent to hold some in your po...Read More

Nervous investors have been pouring into the goldand silver markets over the past two months. Money Metals Exchange is proud to have helped almost 20,000 newcustomers with a precious metals purchase in recent weeks, many of whom cameover from other dealers struggling with inventory shortages and ridiculousdelivery delays.A new wave of investors is getting the message; the FederalReserve will never...Read More

The era of high-grade silver mines may be coming to an end. Investors have no idea what a deal they are getting in acquiring silver for such a great deal... by Steve St Angelo of SRSrocco ReportThe era of high-grade silver mines may be coming to an end. Remarkably, the top primary silver miners' average yield fell to the lowest ever in 2019. Which begs the question, will high-grade silver min...Read More

Whenever one hears the words precious metals, goldand silver spring to mind. But this world is much richer, and preciousmetals don’t end with the yellow or white metal. The less well knowncousins, platinum and palladium, can and do send valuable signals too. Beforewe examine silver, let’s take a look at something interesting in palladium. The interesting detail is palladium’s wea...Read More

Just like the precious metals market, black gold ended the previous week with a sizable upswing. The rally continued in the early Monday trading, as crude oil moved decisively above its previous April highs. The breakout above the April highs is a sign of strength, but it’s not been confirmed so far. Crude oil did close the previous week above the highest daily close of April, but it was jus...Read More

So here we are, with the sector leading the recovery out of the March crash during still-deflationary times. Inflation? It is not yet anywhere to be found, and that probably has a lot of inflation-centric would-be gold boosters on the sidelines. Someday, when these ladies are in full cheer with inflation signals rising, it will be time for caution.Meanwhile, for years we have stuck to the real fun...Read More