By: Gary SavageGold into a resistance zone. Last line of defense for a gold bullion bank trapped and squeezed in a short position? Gold anticipating another Fed rate cut?Gary SavageRead More

Recorded August 14th, 2019. * Mp3 format.HighlightsTrends Research Institute's Gerald Celente returns with more good news for PMs aficionados. The original trends researcher correctly called the market breakout on June 6th. His model suggests a retest of the previous all-time record high around $1,900 is likely. $2,000+ gold is possible due in part to the nascent Great Recession 2.0, circa 20...Read More

Gary TanashianAmazing isn't it? It was only back in H2 2018 when everybody but you (because you are as smart as I think you are or because you read NFTRH or nftrh.com) and me was unbelievably bearish about the TREASURY BOND BEAR MARKET!!!Today... not so much. The herd is absolutely pile driving bonds right now.I know this all too well because while my SHY (cash equiv.) position is doing we...Read More

By: Ira EpsteinI've stopped believing Trump when he talks about China/trade. Mexico cut its interest rate. Europe nearing its bazooka round of cuts and more. Gold has been acting as a safe-haven. I think the interest rate scare is a big part of this move in gold..Read More

Trend for gold and silver is bullish. Better than expected US retail sale numbers did not result in correction. Some section of traders are expecting an interest rate cut next month. China will retaliate against US trade tariff. I am not writing big lines. Positive economic news has not resulted in correction in gold prices. Momentum is very bullish. Look for signs of small $15-$20 correction in...Read More

Domestic prices for secondary steel billet in India spiked up by at least 1,600 rupees per tonne mid-week to 27,200-27,400 rupees ($380-383) per tonne ex-works, on increased numbers of inquiries, but ended on Friday August 16 with only a marginal week-on-week increase of 100 rupees per tonne as inquiry levels dwindled.The price of steel billet, domestic, ex-works India,was assessed by Fastmarkets...Read More

Ferrous scrap prices were down or unchanged in all of the major markets during the working week ending Friday August 16, following limited trading and poor demand after a pause in market activity for a religious holiday.The Eid al-Adha holiday subdued trading in Turkey and other Middle Eastern countries as well as the markets where they trade. Trading activity remained slow for the remainder of th...Read More

An overview of the battery raw materials markets and their latest price moves.Read More

Gold has made an incredible move in recent weeks, but it wasn't an easy journey getting to this point for traders and investors.GLD is a good example of how to understand and trade a consolidation market.There is no shortage of fundamental data supporting the gold market.Gold is due for a pause, but higher prices are the likely path in the long term.While many traders seek instant gratificatio...Read More

Gold mining stocks are subject to weakening internal momentum.A stronger U.S. dollar is also putting pressure on the mining stocks.Intermediate outlook for gold and gold stocks is still bullish, though.Although the price of gold has stubbornly pushed higher in the face of a strong dollar, gold mining stocks are finally showing signs of weakness after a huge summer rally. Profit taking was clearly...Read More

Market participants in Asia expect PT Indonesia Tsingshan Stainless Steel to be the most significantly affected should the European Union decide to impose anti-dumping duties on imports of stainless hot-rolled coil and sheet from the region.The EU earlier this week initiated an anti-dumping investigation into imports of such products from China, Indonesia and Taiwan.The EU probe could further limi...Read More

An oversupply that has been branded the leading cause of the persistent price weakness seen in China's vanadium market during the first half of 2019 will likely continue to act as a headwind for the rest of the year, market sources told Fastmarkets.Vanadium prices in China were on a general downward trajectory in the first six months of 2019, partly due to higher-than-expected supply and weaker-th...Read More

The three-month price of nickel on the London Metal Exchange remained elevated at the close of trading on Friday August 16, retaining gains made at Thursday's close above the $16,000 per tonne support level, while a weak LME tin price could see the two prices converge.Nickel's three-month price closed trading at $16,200 per tonne, holding at a five-year high achieved on Thursday, while tin futures...Read More

Progress at Mauritius-based Alphamin Resources' Bisie tin mine in the Democratic Republic of Congo has led the company to alter its leadership structure, with the project now a step closer to full production after the conclusion of its commissioning phase.Alphamin's chief executive officer, Boris Kamstra, stepped down after four years in the role earlier this week, making way for the appointment o...Read More

There are so many bulls in the metals complex that it is getting quite crowded.Oftentimes, when a market becomes to bullish, we see a pullback to reset sentiment.There is a set up I am tracking, which may suggest another extension can be seen before the metals pull back.I am seriously amazed at how bullish the metals market has become. Everyone and their grandmother are now calling for a rally bac...Read More

China's domestic rebar prices were flat on Friday August 16, though trading activity increased slightly. Domestic Eastern China (Shanghai): 3,670-3,700 yuan ($521-525) per tonne, unchangedNorthern China (Beijing): 3,610-3,630 yuan per tonne, unchangedRebar futures picked up earlier in the day, which stimulated buying interest in the spot market. The benchmark rebar contract on the Shanghai Futures...Read More

Key data from the pricing sessions in China, Asia, Europe and the United States for the week ending Friday August 16. Europe  The high carbon ferro-chrome price dropped by 4.4% in the past week due to lower offer prices with one deal reported being done at $0.71 per lb for 350 tonnes.  European industry sources generally put prices in the upper 0.70 cents per lb range, although there wer...Read More

Compagnie de Tifnout Tiranimine (CTT) cut cobalt production at its operations in Morocco at the beginning of the August and will continue to operate at a lower rate in September as a result of low cobalt prices. Production will be reduced by 40-50% in August and September. In addition, there will be a full 10-day closure for maintenance in September, Fastmarkets understands. Production was initial...Read More

Progress at Mauritius-based Alphamin Resources' Bisie tin mine in the Democratic Republic of Congo has led the company to alter its leadership structure, with the project now a step closer to full production after the conclusion of its commissioning phase.Alphamin's chief executive officer, Boris Kamstra, stepped down after four years in the role earlier this week, making way for the appointment o...Read More

Primary aluminium stocks at the three main Japanese ports (MJP) of Osaka, Nagoya and Yokohama rose by 2.9% month on month in July, according to data released by major Japanese trading house Marubeni Corp on Friday August 16. Total aluminium stocks at the three ports totaled 308,800 tonnes at the end of July compared with 300,000 tonnes at the end of June. It is the second consecutive monthly incre...Read More