ACN is seeing support at the rising 40-day trendlineConsulting name Accenture Plc (NYSE:ACN) has been climbing the charts long term, and following its recent pullback, is nearing the historically bullish 40-day trendline. The stock has bounced from its 40-day moving average several times over the course of its 37% year-to-date gain. With ACN having worked off its late-July overbought condition and...Read More

The weakening of the yuan to a decade-low against the US dollar is causing a lot of disruption to steel trading markets in Asia, sources told Fastmarkets this week."The situation is very chaotic now, and bids and offers are all over the place," a trader in East Asia said on Monday August 5.China's decision to let its currency weaken to such lows - which has led to accusations against Beijing that...Read More

Craig HemkeSince late May, the price of COMEX Digital Gold has been on a tear with a rally of over $200. Will this surge continue? Perhaps more importantly, can this surge continue?First of all, and so that we're on the same page, none of this should come as a surprise to regular readers. Since last November, we've been stating that 2019 would show the best gains for the precious metals since 20...Read More

COLORADO SPRINGS, Aug. 06, 2019 -- Gold Resource Corporation (NYSE American: GORO) (the "Company" or "GRC") reported production results for the second quarter ended June 30, 2019 of 9,559 ounces of gold and 467,484 ounces of silver, which along with base metal revenue generated $29.4 million in net revenue and $1.8 million, or $0.03 per share, in net income for the quarter. The Company maintai...Read More

Dave KranzlerA Global Race To Zero In Fiat Currencies......ushers in the restoration of price discovery in the precious metals market. The price of gold is at or near an all-time in most currencies except the dollar. This summer, however, it would appear that the dollar-based valuation of gold is starting to break the "shackles" of official intervention and is beginning reflect the underlying fu...Read More

1. Is China a currency manipulator? For one possible answer to this question, please click here now. My view is almost identical to Kyle's; China's government is manipulating its currency... higher!2. Trump's tariff tax obsession may be somewhat comical, but it is creating substantial weakness in China's currency. That's because foreign and domestic investors are moving significa...Read More

GoldCoreGold prices have surged in dollars and all currencies due to the escalation in the trade wars and a return to currency wars between China and the U.S.Gold in USD - 10 Years - GoldCore.comGold surged as much as 2% in dollars yesterday and has consolidated on those gains today. It is gold's highest level in dollars in more than six years (see chart) and gold reached all time record highs (...Read More

By Avi GilburtFor weeks, if not months, I have been reading one bearish bond article after another. In fact, many of these same writers have been arguing with me for months about the bond rally I expected back in November of 2018. One suggests that this rally is really a "fake," whereas another has been strongly suggesting that investors fade this rally, with many more supporting their opini...Read More

Richard (Rick) Mills The long-anticipated US Federal Reserve decision last Wednesday to notch interest rates downward was, like most of these over-hyped meetings, anti-climactic. Since the central bank in June hinted that a rate cut was in the offing, North American stock markets have trended up, but they took a hit on Wednesday following the Fed's decision to only lower rates by a quarter...Read More

By: Ira EpsteinGold's daily chart, set a bear trap last week. 18 week MA is $1,437 level. Base formed around $1,450 area..Read More

After the release of US July nonfarm payrolls, I thought I will be an easy week to trade and invest. Continuous flow of news like branding China a currency manipulator will only increase volatility. There is now no reason for crude oil to rise. Chinese slowdown and India slowdown should result in demand led price fall. To me crude oil prices should fall fifteen percent at least in the short term...Read More

Aluminium premiums were largely stable in the global markets in the week ended Tuesday August 6, except in the US Midwest, where a lack of demand pushed the premium downward. US Midwest premium falls to lowest since March MJP premium stable but some lower deals heard due to financial year-end stock clearing European market flat with activity expected to resume later this month.US Midwest premium s...Read More

A summary of base metals premiums from across the globe for the week to Tuesday August 6. Please click...Read More

Prices of ferrous scrap in the Mexican steelmaking hubs of Monterrey and Baj?-o remained stable during the week ended Friday August 2, despite talks of price increases in these regions.In Monterrey, key ferrous scrap prices were stable week-on-week, several sources told Fastmarkets.Fastmarkets' assessment for steel scrap No1 busheling, consumer buying price, delivered mill Monterrey, was stable at...Read More

The export markets for CIS-origin hot-rolled coil and cold-rolled coil (HRC, CRC) have weakened on soft customers' markets and price competition with other exporters, sources told Fastmarkets on Monday August 5.Fastmarkets' price assessment for steel HRC, export, fob Black Sea, CIS, was $470-485 per tonne on Monday, down from $485-500 per tonne week on week."The local market is weakening here [in...Read More

Here are five Fastmarkets MB stories you might have missed on Tuesday August 6 that are worth another look.Lithium producer Orocobre and joint-venture partner Toyota Tsusho Corp have started construction on what will be the first lithium hydroxide plant in Japan. UC Rusal has suspended operations at Russia's biggest alumina plant in Achinsk due to a series of blasts at a Russian military base...Read More

Central banks continue to accumulate gold, Fed cuts rates, and U.S./China trade war intensifies.Yamana updates the market on its massive Agua Rica project.Barrick Gold and Kirkland Lake shine with strong Q2 earnings.Here's a look at the top news in the gold/silver mining sector and more for July 2019.Gold Mining Bull: Top News for July 2019 Gold prices (GLD) remain near six-year highs, providi...Read More

For the last decade, the monetary "experts" assured us that QE and ultra-low interest rates were a temporary crisis measure that could be reversed.2018 revealed the truth - that the Fed cannot normalize monetary policy without crushing financial markets.2019 has shown that policymakers have no political will for tighter monetary policy. Radical easing measures is the new normal.Global central bank...Read More

Switzerland-based commodities trader Werco Trade has hired metal concentrates trader Theresa Nepote as part of a push to expand the company's commercial capabilities, it said on Tuesday August 6.Nepote will join Werco as a senior trader, enabling the company to diversify into additional markets, the company said. She most recently traded zinc, lead and copper concentrates at Bluequest Resources an...Read More

A close in gold below $1476 will activate a short trigger on a monthly signal, automatically activating the targets below.The next targets below are $1465 to $1471.A close below $1450 will activate the yearly, monthly and daily short signals, activating short trigger points with targets below the mean at the $1400 to $1363 levels.Based on the forecast we published on September 28, 2018 for the fol...Read More