Mike Henry has been named chief executive officer and executive director of BHP, effective from January 1, 2020.Henry will succeed Andrew Mackenzie, who retires as CEO on December 31, the Australian miner said early on Thursday November 14.Henry has served as...Read More

- Craig Hemke, TF MetalsWith the expected price pullback underway, what can we expect for the remainder of the month and into year-end? Will the price action continue to resemble 2010, or will it play out more like 2016 instead?As we've discussed each of the past two weeks, the current selloff/pullback in COMEX gold and silver is as unsurprising as it was unavoidable. The COMEX market-making Ban...Read More

Forecasts, Commentary & Analysis on the Economy and Precious MetalsCelebrating our 46th year in the gold businessNovember 2019"I'm no insect. Gold is a great way to make a lot of money." - Thomas Kaplan, Electrum GroupMichael J. Kosares, USA Gold2020 visionFive charts to contemplate as we prepare for the new year1. Gold's annual returns 2000 to presentIn the February edition of this newsletter,...Read More

- Gary TanashianGlobal central banks have been pumping the liquidity spigots 24/7 and the US Fed is starting to go that way as well. This during a time of supposed economic splendor and fruitfulness (it is these contradictions that are the windows into a ginned up, leveraged economy dependent on monetary policy) while the S&P 500 breaks through the bull turnstile to blue sky.A real economy and...Read More

Dear Friend of GATA and Gold:A U.S. representative who, without much result, has been pressing the Treasury Department, Federal Reserve, and Commodity Futures Trading Commission (CFTC) with questions about the gold and silver markets has asked Attorney General William P. Barr to try to get answers from the commission.In a letter dated November 1 and made public today, the U.S. representative, Al...Read More

- Stewart Thomson, Graceland Updates 1. It doesn't take much downside price action to make gold investors nervous, or much upside price action to make greed appear.2. It's probably true that no fever is like gold fever!3. To reduce these swings in emotion, my suggestion is for investors to do most of their buying and selling at major support and resistance zones....Read More

- Gary Christenson, The Deviant InvestorPresident Roosevelt made owning gold for American citizens, with minor exceptions, illegal in 1933. See Executive Order # 6102. Begin the DOW to gold ratio analysis in 1933.Many people have discussed the Dow to gold ratio. It fell from over 40 in the year 2000 when the DOW (11,750) was expensive, and gold sold for less than $300. In those days paper asse...Read More

Subscribers who used Hidden Pivot targets from Rick's Picks to trade against gold's steep fall have done well bottom-fishing this week. Here's how they did it -- and judge for yourself whether you could have done these trades yourself. www.RickAckerman.comRead More

By: Ira EpsteinGold should test the 18- week moving average.. but from what level? Lower highs with lower lows, gold's 18-day moving average converging with 100-DMA around $1484/89Read More

The price of steel wire rod in Europe has remained stable this week despite recent substantial increases in the price of ferrous scrap, Fastmarkets heard on Wednesday November 13.Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe, was ?,?430-450 ($474-496) per tonne on November 13, unchanged week-on-week.The corresponding price assessment on...Read More

Christopher Lewis8 hours ago (Nov 13, 2019 4:57 PM GMT)Gold markets have rallied a bit during the trading session on Wednesday, as we had broken above the top of the hammer from the previous session. At this point, the market is very likely to continue to look at the $1450 level as crucial as it was the top of the previous ascending triangle. That being said, we have congressional testimony by Jer...Read More

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday November 13.Please click...Read More

Prices for hollow steel sections in Northern and Southern Europe were unchanged this week although some mills were offering higher prices on possible rises in feedstock costs, market sources told Fastmarkets on Wednesday November 13.Fastmarkets' weekly price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?560-580 ($617-639) per tonne on Wednesday, unchanged week...Read More

Here are five Fastmarkets MB stories you might have missed on Wednesday November 13 that are worth another look.The London Metal Exchange is seeking to launch a new cash-settled main Japanese ports (MJP) aluminium premium contract settled against a Fastmarkets price, the exchange said on November 13.Low demand for long steel products such as rebar was at the root of the problems facing the steel i...Read More

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday November 13.Please click...Read More

The three-month zinc price on the London Metal Exchange continued its sell-off at the close of trading on Wednesday November 13, recording moderate turnover, while tin's outright price teased a break below nearby support.Zinc futures on the LME closed at $2,422 per tonne on Wednesday, the lowest closing price for the metal since October 16. Turnover was broadly average at just over 7,400 lots exch...Read More

The London Metal Exchange is seeking to launch a new cash-settled main Japanese ports (MJP) aluminium premium contract settled against a Fastmarkets price, the exchange said on Wednesday November 13.The contract, which will be settled against the monthly average of Fastmarkets MB's aluminium P1020A spot cif MJP price, is likely to be launched in the second half of 2020, subject to regulatory appro...Read More

Fastmarkets has amended the publication times of its weekly global pig iron and hot-briquetted iron (HBI) price assessments from 3pm to 4pm London time.Following a consultation period, Fastmarkets has made the change to capture of a larger number of transactions during the week thereby helping to increase the liquidity for each of the assessments.From Thursday, November 14, and week...Read More

Steel H-beam prices in Europe remained unchanged in the week to Wednesday, November 13, but sources told Fastmarkets that mills are starting to increase their offer prices to reflect recent rises in feedstock costs.Fastmarkets' weekly price assessment for steel beams, domestic, delivered Northern Europe, was ?,?530-560 ($584-617) per tonne on November 13, unchanged week on week.International scrap...Read More

Here are five Fastmarkets MB stories you might have missed on Wednesday November 13 that are worth another look.The London Metal Exchange is seeking to launch a new cash-settled main Japanese ports (MJP) aluminium premium contract settled against a Fastmarkets price, the exchange said on November 13.Low demand for long steel products such as rebar was at the root of the problems facing the steel i...Read More