Westarted yesterday’s analysis with the investigation of the Euro Index and goldprice in this European currency. Today, we’ll take a moment to analyze the goldmarket from the Indian point of view. Gold has a special place in the Indianhistory and culture, India is the second biggest “consumer” of gold (rightafter China). USA’sgold consumption is third biggest in the w...Read More

Malaysia will impose anti-dumping tariffs of up to 26.39% on cold-rolled coil imported from China, Japan, South Korea and Vietnam. The import taxes will be in effect for five years from December 25, 2019, to December 24, 2024, Malaysia's Ministry of Trade and Industry (MITI) said earlier this week.The products subject to the duties are cold-rolled coils of iron or non-alloy steel, of...Read More

A week ago, Lagarde chaired the monetary policy meeting of the Governing Council of the ECB for the first time. An insightful press conference followed in the footsteps. What will her presidency imply for the ECB’s policy and the gold market precisely? Key Takeaways From First Lagarde Monetary Policy Meeting as ECB PresidentLast Thursday, the ECB held its December monetary policy meeting. Th...Read More

With many stocks moving higher in breakout fashion already, silver and GLD have been lagging.But, that may come to an end shortly.You see, silver seems to be setting up in a micro i-ii structure off the recent lows, whereas GLD is still below its last week high.However, even though GLD is below its last week high, the action we have seen lately has been quite corrective.So, this makes me lean towa...Read More

The US stock markets soared in 2019, blasting to dozens of new all-time-record highs. Euphoric traders attributed these massive gains to strong corporate fundamentals and US-China trade-war progress. But the real driver of stocks' astounding ascent was the Federal Reserve's epic extreme easing. A panicking Fed pulled out all the stops to goose and levitate stocks, leaving fake artificial...Read More

Daniel R. Amerman, CFA On August 27th, 2019, in an editorial published in Bloomberg, William Dudley, the former president of the Federal Reserve Bank Of New York, did what had previously been considered unthinkable. The foundation premise of the Federal Reserve is that it is supposed to be completely nonpartisan, insulated from all political considerations. However, Dudley wrote that Donald Tru...Read More

By: Avi Gilburt Originally published on Sat Dec 21 for members of ElliottWaveTrader.net: When the metals are in a bear market, metals enthusiasts are frustrated. And, even when the metals are in a bull market, metals enthusiast become frustrated. This is what I have been seeing of late, as the metals are consolidating for their next bullish run.But, if you trade metals, you know that t...Read More

Gary TanashianThey say that Festivus is the "anti-Christmas", but in this case we are going to call it the anti-Christmas Eve as the markets close out 2018's Christmas Eve massacre."Many Christmases ago I went to buy a doll for my son. I reached for the last one they had, but so did another man. As I rained blows upon him I realized there had to be another way!"This year markets are going anot...Read More

- Bob MoriartyMy Best Year-End Tax-Loss Harvesting AdviceWith only a few trading days remaining in 2019, a clear winner has emerged in the contest of gold mining ETFs. The U.S. Global GO GOLD and Precious Metal Miners ETF (GOAU) was up 39.5 percent year-to-date as of November 30, beating five of its peers, including those that focus on explorers and junior miners, or that are backed by physi...Read More

Traders will start taking positions for January. January will be the real test for gold and silver bulls. Signing of trade deal, Brexit, various US jobs numbers and Chinese demand and Chinese economic growth around the Chinese New Year. Bonds can also be a surprise winner if gold and silver sell off in January. I am bullish on global stock markets if the trade deal is signed in January. Trade de...Read More

The uptrend in the Commonwealth of Independent States' export pig iron market continued during the last full week of 2019 on sales to key outlets at higher prices and expectations for further growth in early 2020, sources told Fastmarkets.Fastmarkets' weekly price assessment for high-manganese pig iron export, fob main port Black Sea, CIS was $315-322 per tonne on Friday December 27, up...Read More

Brexit has become very likely due to result of the UK vote. But so what (gold- and currency-wise)? The uncertainty dropped significantly, and markets were able to sign a breath of relief (bearish for gold), but on the other hand Brexit itself increases the geopolitical turmoil (bullish for gold). Gold didn’t react decisively in the short run overall, but the European currencies: the euro, an...Read More

In recent weeks we’ve noted the positive developments in the gold stocks despite the sector being in a period of correction.  Last week we shared the idea that the next impulsive move in gold stocks might begin when the correction in the metals ends.  In this article, I’m going to share the one chart which I think will help us time that next move higher.  In recent years...Read More

Domestic steel billet prices in India increased by 1,600 rupees ($23) per tonne in the week ended Friday December 27 due to a sharp rise in finished steel product prices and increased buying of semi-finished goods by rolling mills.Fastmarkets assessed the price of steel billet domestic, exw India at 29,000-29,200 rupees per tonne on December 27 compared with 27,400-27,600 rupees per tonne a week e...Read More

Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday December 27.China Seaborne prices of both grades of manganese ore in China continued higher after deals for February delivery of material were concluded at higher levels.Chinese domestic portside manganese ore prices of both grades rose further due to...Read More

China and the U.S. have reached a preliminaryagreement, which softens their trade war, while the landslide victory ofConservative Party in the UK parliamentary elections clears the path to Brexit.Given that downside risks for the global economy are now significantly lower,how much do investors still need gold? UKParliamentary Elections and GoldOn Thursday, the British people voted in another snapp...Read More

Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday December 27. ChinaSpot Chinese ferro-chrome prices fell in an oversupplied market, with falling January tender prices from major Chinese stainless steel mills weighing further on the spot market.Taiyuan Iron & Steel (Tisco) slashed its...Read More

Federal Reserve ChairmanJerome Powell’s comments on inflation last Wednesday added fuel to the contra-dollartrade.During a press conferencefollowing the Fed’s decision to leave interest rates unchanged, Powell said,“In order to move rates up, I would want to see inflation that's persistent andthat's significant. A significant move up in inflation that's alsopersistent..."To...Read More

Tonight I would like to update some commodities charts we haven’t looked at in a while. There have been some subtle changes taking place that need to be addressed. Just like the PM complex that topped out in 2011 many commodities also topped out that same year and have been correcting ever since. With the US dollar at an important inflection point it may be time for commodities in general to...Read More

Earlier this year,  various gold stock indices (XAU, HUI, GDX) gained more than fifty percent in just three months. Most of the negativity associated with the sector was brushed aside and replaced by positive expectations for the future.Of course, the 90-day rush to this year’s highs did not occur in a vacuum. The price of gold rose by twenty percent over the same three-month period. Th...Read More