Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 362,60965,77154,297148,866482,672565,772602,740 Change from Prior Reporting Period 10,31513,4709,04715,45813,01434,82035,531 Traders 23459765659316170 Small Speculators LongShortOpen Interest 70,41133,443636,183 6,5565,84541,376 non report...Read More
An intriguing paradox is evident, whereby the USDollar continues to rise despite the global economic recession. In fact, it can be argued that the USDollar is rising in the past several months, because of the global recession. On a worldwide basis, the economy is struggling badly, especially in the West. Worse still, without a doubt, the rising USDollar is destroying the individual economies of...Read More
Avi GilburtPersonally, I love trading metals and have been doing so for quite some time. In fact, the best trade of my entire career was in silver many years ago. But, the one thing that we commonly see in the complex is that when the market strikes a top, it most often spikes into and then strongly reverses at that top as a culmination signal. Thus far, I have not seen that in the metals....Read More
By: Ira EpsteinLabor day weekend.. lighter volume expected. The gold market shows its 18-week moving average nearing $1,400. The Daily chart shows resistance around $1,560 on DEC-gold price. Support on 18-day moving average, $1,522+Read More
Ferrous scrap prices around the world fell over the week ended Friday August 30 on thin buying interest from end-users, which expected more price falls so were not eager to purchase materials. Ample supply damps prices More falls in export prices expected Prices plunge on thin buying interest Limited transactions on weak downstream demand.TurkeyImport prices in Turkey fell sharply week on week, wi...Read More
Key data from the pricing sessions in China, Asia, Europe and the United States for the week ending Friday August 30.Europe The high-carbon ferro-chrome market ticked down in response to business being reported at the lower end of the range and below.Some producers were aggressive in their offer prices to generate liquidity.At the same time, some producers have raised their offer prices in an effo...Read More
James Hyerczyk13 hours ago (Aug 30, 2019 11:56 AM GMT)Gold is inching lower on Friday on below average volume ahead of the long U.S. holiday weekend. The market is also trading inside yesterday’s range which suggests investor indecision and impending volatility. The market is in a position to close lower for the week after touching a multi-year high on Monday. The price action suggests the...Read More
Domestic rebar prices in Poland remained unchanged this week with market activity just beginning to recover after the seasonal summer slowdown, sources told Fastmarkets on Friday August 30.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, exw Poland, remained at 2,150-2,200 zloty ($542-555) per tonne on August 30.The assessment reflected the...Read More
Gold and Bitcoin are becoming correlated for the first time in historyStocks in the US are beyond overvaluedThe Fed may ease monetary policy furtherThe US Dollar is losing reserve currency statusGold continues hitting record highs against major fiat currenciesSafe-haven assets are seeing massive capital inflows. This has been forecasted for a long time by many people, including GSB and its readers...Read More
The three-month nickel price on the London Metal Exchange continued to surge at the close of trading on Friday August 30, closing at its highest level since September 2014, while a 3.6% uptick in tin futures did little to close a widening gap between the two metals.Nickel's rally began just before midday after the price breached the key $16,690 per tonne resistance level, opening a surge of fresh...Read More
The three-month nickel price on the London Metal Exchange soared over 8% this afternoon after Indonesia announced it would expedite a ban on nickel ore exports, previously scheduled to take effect in 2022.Nickel's outright price on the LME rocketed to an intraday high of $17,900 per tonne at midday this afternoon, its highest level since September 2014, while the spike occurred with under 5,000 lo...Read More
Prices for seaborne premium hard coking coal moved up on Friday August 30, recovering most of the losses suffered earlier this week and underlining a gap between low-vol and mid-vol cargoes in the segment.Fastmarkets indicesPremium hard coking coal, fob DBCT: $154.01 per tonne, up $5.01 per tonnePremium hard coking coal, cfr Jingtang: $167.54 per tonne, unchanged Hard coking coal, fob DBCT: $134.0...Read More
SD Friday Wrap: The cartel is going berserk as silver breaks-out to multi-year highs...What an amazing week for silver!Everybody has an explanation about what's been going on, but I do think the answer is really simple in that the cartel is no longer able to contain the natural, fundamental factors that are taking over the market.In other words, the cartel is barely able to contain silver right n...Read More
Let's not forget that it's the East that is the biggest source of silver and gold investment demand...by Matt From Silver Fortune via Silver FortuneLet's not forget that it's the East that is the biggest source of silver and gold investment demand.Read More
"...little more than fear propaganda which is woefully short on facts and long on fairytale-based analysis..."by Dave Kranzler of Investment Research DynamicsThe CPM Group and its proprietor, Jeffrey Christian, has operated as one of the "analytic" fronts for the western Central Banks' paper derivative gold and silver manipulation scheme for many years. Someone sent me the CPM Group's latest com...Read More
The three-month nickel price on the London Metal Exchange continued to surge at the close of trading on Friday August 30, closing at its highest level since September 2014, while a 3.6% uptick in tin futures did little to close a widening gap between the two metals.Nickel's rally began just before midday after the price breached the key $16,690 per tonne resistance level, opening a surge of fresh...Read More
An overview of the noble alloys markets and their latest price moves.Read More
An overview of the battery raw materials markets and their latest price moves.Read More
The three-month nickel price on the London Metal Exchange soared over 8% this afternoon after Indonesia announced it would expedite a ban on nickel ore exports, previously scheduled to take effect in 2022.Nickel's outright price on the LME rocketed to an intraday high of $17,900 per tonne at midday this afternoon, its highest level since September 2014, while the spike occurred with under 5,000 lo...Read More
An aluminium producer has offered fourth-quarter 2019 supply of aluminium to main Japanese ports (MJP) at a premium of $110 per tonne, according to market sources. The number is 1.9% higher than the cif MJP premium for the third quarter of $108 per tonne. "We are quite surprised that the offer is above $105 per tonne because demand in Japan is not good and there is a lot of inventories a...Read More