Here are five Fastmarkets stories you might have missed on Friday October 2 that are worth another look.The UK will maintain a tariff rate quota on certain steel imports, similar to the one currently in place, once the country has finally left the European Union.Primary aluminium stocks at the...Read More

The ECB held its monetary policy stance steady. Meanwhile, the U.S. fiscal deficit reached its all-time high. What does it all mean for the gold prices?On Thursday, the members of the Governing Council of the ECB met together to undertake monetary policy decisions. They decided to leave the interest rates and the conditions of the quantitative easing unchanged. This lack of action was widely expec...Read More

RESEARCH HIGHLIGHTS:Gold Pennant/Flag formation is now complete and setting up new momentum base near $1,925.Our Adaptive Fibonacci Models suggest support will prompt new Gold rally to $2,250.The rally in Gold will continue to extend higher over the next 4+ weeks. The US Dollar may move lower and/or the US stock market may break recent support to prompt this new rally in Gold.   If...Read More

Someswear by price action, many others rely on indicators. There are actually manygold trading tips built around these techniques. Gold Miners Bullish PercentIndex, is one of the rare ones that don't issue signals all that often. And itshowed the highest possible overbought reading recently.Theexcessive bullishness was present at the 2016 top as well and it didn’t causethe situation to be an...Read More

Daily coronavirus casesmay be down in the United States, but that is no reason to be complacent,especially given that cold and flu season is only a few weeks away, says thenation’s top doctor. In a roundtablediscussion Thursday at Harvard Medical School, Dr. Anthony Fauci warned that“we need to hunker down and get through this fall and winter, because it’s notgoing to be eas...Read More

$2,000. Think about this number. Theoretically, it’s just a number, one of many. But… somehow we feel that jumping above this level was a big event in the gold market. After all, gold surpassed this psychologically important point for the first time in history, reaching record high, as the chart below shows. How did gold manage to achieve it? The obvious reason is the coronavirus cris...Read More

The big gold-ETF buyingthat catapulted gold higher into early August has gone missing in action.  That’s why gold stalled out since, driftingsideways flirting with a correction.  To continuepowering higher, gold needs these major stock-market-capital inflows via exchange-tradedfunds to resume.  The near-term fortunesfor the precious-metals complex are heavily dependent on how...Read More

Golds bullish trend has worked well in 2020, so what is next over the immediate 3 to 6 months? Will we continue to see a golden future.The US dollar had been strong into COVID 19, since then the FED has printing a lot of money, and they are also considering YCC (Yield Curve Control), last seen during WW2. [Note YCC lasted 9 years over WW2. WOW, that is a lot of money printing.]The FED is now forec...Read More

We have to keep our eyes on the biggereconomic cycle. It helps in maintaining a proper perspective, and putting moreemphasis on the bigger prize rather than the day to day movements.The historical relationship between silverand the stock market provides great insight as to where we are currently inthis cycle. Traditionally, the best part of silver rallies come after asignificant Dow peak.From prev...Read More

The U.S. stock market plunged last week. Will gold follow suit?Last week, the U.S. stock market has seen strong selling activity. The S&P 500 Index has declined about 7 percent from its peak, while the Nasdaq Composite Index plunged more than 10 percent (entering a correction territory), below 11,000, as the chart below shows. It was the tech sector’s worst drop since the end of March, i...Read More

Inmid-march, just as the coronavirus was gaining momentum, the price of goldbegan to rise.  After trading sidewaysfrom 2015 to 2019, gold rose from a low of $1,471 in mid-March to $2,069 onAugust 6th, a spectacular 40% rise in five months.Duringthat same period, silver rose from $11.94 to $29.14 on August 6th,an even more spectacular 114% increase. Threedays later, on August 9th, as gold and...Read More

Many people have heard the story of the Hunt Brothers, but what Really happened?Chris Duane with Chris Marcus on Arcadia EconomicsMany people have heard the story of the Hunt Brothers, but what Really happened?Chris Duane breaks it down for us.To find out what he said, click to watch the video now!Read More

Maurice Jackson of Proven and Probable talks with Andy Schectman of Miles Franklin Precious Metals Investments about macroeconomic policy and its effect on precious metals prices.Maurice Jackson: Joining us for a conversation is Andy Schectman, the president of Miles Franklin Precious Metals Investments. Let's begin today's discussion with gold, which has recently surpassed its all-time high since...Read More

Toined the macro, that is (in Moe’s Brooklyn accent). Step by step…A rising Gold/Silver ratio preceded the March disaster, made an ill-fated bounce pattern in May-June and then got hammered by the 24/7 liquidity spigots opened up by a desperate Federal Reserve and Trump admin. They are desperate because the inflation MUST take hold in order to keep the system from unwinding to its fun...Read More

Crude oil declined quite substantially this week, and it doesn’t look that the decline will be over just yet.After a given market clearly moves in a certain direction, corrective moves are bound to happen. After all, no market can move in a straight line up or down. But still, this assumption might be misleading in case of the current situation in black gold. Obviously, it is taking a breath...Read More

RESEARCH HIGHLIGHTS:Breakdown in Crude Oil sparks talk of sub $30 price targets.Initial support likely near $32 to $33.Predictive Modeling suggests deeper price lows may be reached before November 2020.Have you been paying attention to Crude Oil recently?  Prices have collapsed over -15% from the recent highs near $43.78. You may remember a research article I posted originally in July 2019 su...Read More

Since posting new record highs in early August, the gold market has consolidated above $1,900/oz support.A close below the $1,900 level would carry bearish implications for the near term.Alternatively, a move back above $2,000/oz would likely be followed through to the upside with a rally to fresh highs. Silver, in turn, could be expected to run to new multi-year highs above $30/oz. These breakout...Read More

As the tech-heavy stock market indexes sold off on Thursday, many investors were forced to re-think their positions. For the past few months, mega cap technology companies like Apple, Amazon, and Tesla have led the market higher. Yesterday they led the market lower.Now the question is: Where can investors look for leadership going forward? As would be expected during big down days for equities, g...Read More

The gold miners’ stocksare mired in correction mode, which isn’t surprising after their mightypost-stock-panic upleg.  Huge buying catapultingthem higher left this sector extremely overbought.  Corrections are normal and healthy after pricesget too stretched technically.  They eradicateupleg toppings’ excessive greed, rebalancing sentiment.  That paves the way...Read More

“Those who plan, invest and execute long-term win,’ says long-time market analyst R.E. McMaster in A Layman’s Guide to Golden Guidelines for Wise Money Management. “Win-win decisions, looking to the long term with short-term work and sacrifice, are historically the tickets to success in all areas of life – short-term sacrifice for long-term benefits, deferred gratific...Read More