In yesterday’sfree analysis, we explained why a short-term corrective upswing inthe S&P 500 was likely just around the corner. In today’s article, we’lldiscuss how it’s likely to impact our silverprice forecast. We’ll also make comment on the current opportunityin silver compared to the opportunity in the mining stocks. Let’s start with a few questions that...Read More

Mike Gleason: It is my privilege now to welcomeback our good friend David Morgan of The Morgan Report. David, it'salways great to have you on and appreciate the time as always. How are you sir? David Morgan: Well, Mike, I am doing wellpersonally and the markets aren't, but I'm hanging in there and thanks forhaving me on the show.Mike Gleason: Yeah, definitely overdue, and great...Read More

Liberty Steel Group will halt operations at its Dudelange-Liege steelmaking sites tomorrow, sources told Fastmarkets on Friday, March 20.Liberty Steel Group will halt operations at its Dudelange-Liege steelmaking sites tomorrow, the company told Fastmarkets on Friday, March 20.A spokesman confirmed that all three Liberty Liege-Dudelange production sites - at Fl?(C)mal...Read More

On Sunday, the Federal Reserve cut interest rates andrestarted quantitative easing to stimulate economy hit by the pandemic ofCOVID-19. That’s already its second move prior to this Wednesday’s FOMC. Whatdoes it imply for gold? It’s Serious, Really.Winter is not coming. Winter ishere already. The situation does not look too good. Although the epidemic seemson the way out in China...Read More

The China Iron & Steel Association (Cisa) has said that iron ore indices should be based on "real market transactions rather than being influenced by futures and swaps curves."In an interview with Xinhua News Agency last weekend, Cisa vice-chairman and director Luo Tiejun warned that market participants should be cautious about speculative risks, because some iron ore indices were "devia...Read More

Below is a monthly chart of HUI telling some stories of the past.The 2003 to 2008 bull rally ended with Huey’s “crown of thorns” as I used to call it back then. An H&S that formed at the end of a great inflationary phase in the markets.The great crash of 2008 (Armageddon ’08) was completely deserved because as I’ve belabored for so many years now, you don’t...Read More

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Vale's iron ore distribution and blending center at the Teluk Rubiah Maritime Terminal (TRMT) in Malaysia will continue working after all, Vale said on Friday March 20, having earlier warned that operations might be suspended at the end of the month.On Wednesday March 18, the miner had said that operations at the terminal could be suspended until March 31 due to the impact of local gover...Read More

Ron Struthers of Struthers' Resource Stock Report discusses the current market meltdown and the longer-term outlook for the markets and gold.Although I know of some great companies and stocks out there, it is best just to wait. Markets are going a lot lower and investors in the main indexes and techs won't have a recovery in their portfolios for many, many years. Gold is being sold down too at tim...Read More

Here are five Fastmarkets stories you might have missed on Friday March 20 that are worth another look.Slab export prices from Brazilian producers dropped sharply in the week ended March 20, with customers avoiding purchases amid uncertainty about the spread of the 2019-nCoV coronavirus pandemic.The London Metal Exchange will temporarily close its open outcry trading floor and go to electroni...Read More

When it comes to our Adaptive Dynamic Learning (ADL) predictive modeling system, we get asked questions from our friends and followers about how it could predict a virus event or how it could predict a price event so far out into the future.  The truth of the matter is the ADL predictive modeling system doesn’t predict unknown virus, banking or other types of events.  What it does...Read More

Here are five Fastmarkets stories you might have missed on Friday March 20 that are worth another look.Slab export prices from Brazilian producers dropped sharply in the week ended March 20, with customers avoiding purchases amid uncertainty about the spread of the 2019-nCoV coronavirus pandemic.The London Metal Exchange will temporarily close its open outcry trading floor and go to electroni...Read More

While countries start to lock down their borders to prevent the spread of the novel coronavirus (2019-nCoV), mining companies are beginning to halt production, delay projects and withdraw staff. It is a natural response to a very unexpected situation that would only worsen if left unchecked. For the mining sector, it means a raft of production from projects and operations around the world is being...Read More

If global financial markets had been operating under a pervading sense of uncertainty due to the impact of the novel coronavirus (2019-nCoV), they now appear to be veering on panic.Oil prices have suffered their biggest one-day collapse since the 1991 Gulf War following Saudi Arabia's declaration of a price war on Russia through a shock move to hike oil production. S&P Dow Jones Indices was forced...Read More

This is the final part of my Gold price analysis that concludes in a detailed trend forecast for 2020 that was first made available to Patrons who support my work. Gold Price Trend Forecast 2020 Gold Price Trend Forecasts 2019 ReviewSEASONAL ANALYSISQE4EVERUS DOLLARLONG-TERM TREND ANALYSIS Gold / SIlver RatioTrend Analysis ELLIOT WAVESGold Price Trend Forecast 2020 Conclusion  Formu...Read More

The novel coronavirus (2019-nCoV) is set to accelerate what the trade wars started: the diversification of global supply chains. Both events have demonstrated just how interconnected the global economy is and have provided a wake-up call to businesses worldwide that it might be time to reduce their reliance on China as the workshop of the world. Of course, that's easier said than done. China is th...Read More

To underscore the volatility of this past week, consider the price action in Silver.  Silver, days ago, had a chance to make its highest monthly close since October 2016. That is well over three years ago. Silver closed the week and the month at its lowest levels in six months. One week, precious metals (specifically gold stocks) are on the cusp of a historic breakout, and the next, they are...Read More

Last week’s market activity was another reminder that not allprecious metals investments are created equal.Investors worried about a virus outbreak and watching the bloodbath on Wall Street rushed to buy coins, rounds,and bars.As one of the largest and most respected U.S. dealers, MoneyMetals saw the biggest surge of buying activity in years. Clients bought thephysical metal a...Read More

While viruses are counted among the simplest forms of life, they have quite a bearing on its advanced forms. And the coronavirus epidemic is, unfortunately, alive and well. What are the implications for the gold market?Coronavirus Infects EuropeThe coronavirus epidemic is, unfortunately, making its presence well known. Actually, it spreads quickly around the globe. The worldwide number of confirme...Read More

Gold / SIlver RatioGold price of $1560 divided of by the silver price of $18.07 results in a ratio of 86.3! The historic norm is for around 50. No I am not saying that Silver should trade to a ratio of 50 to Gold anytime soon. I will cover the prospects for the Silver price in a separate analysis.So either Silver is CHEAP or Gold is EXPENSIVE, probably a mixture of both, which implies to expect Go...Read More