Say what you will about last week, it certainly wasn't dull. The Federal Reserve, seemingly capitulating to President Donald Trump and Wall Street, became just the latest central bank to cut interest rates. Meanwhile, the president escalated the trade war even further, announcing that additional tariffs would be imposed on goods coming into the U.S. from China after another round of trade talks...Read More

David HaggithOn June 12, I wrote,The market is moving into waiting mode as the Fed's next FOMC meeting where they have the opportunity to live up to the rate-cutting hopes they've raised come next week. As it does, it is forming that topping pattern that keeps repeating at this level."Frothy Bubbles Make Me Whine" Now you can easily see in the chart below that certainly fits what happened with...Read More

Click to enlarge chartA Pittance for GeniusThe late John Scarne, one of the world great experts on gambling, once wrote a treatise explaining why you can't win at three-card monte. That's the game where a grifter lays three playing cards on a makeshift table, instructing you to follow the queen. He turns them face-down, flipping the queen over now and then to make it easier for you to keep tra...Read More

By: Ira EpsteinGold's 18-DMA now above $1,440+ Read More

Colorado Springs, CO, Aug. 05, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Gold Resource Corporation (NYSE American: GORO) (the "Company") today announced the timing of its second quarter earnings conference call scheduled for Wednesday, August 7, 2019. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA. The Co...Read More

Domestic prices for hollow steel sections in both Northern and Southern Europe were flat this week with market activity paused for the summer, sources told Fastmarkets on Wednesday August 7.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?615-630 ($689-706) per tonne on Wednesday, flat week on week.Market participants reported very low levels o...Read More

Here are five Fastmarkets MB stories you might have missed on Wednesday August 7 that are worth another look.Rising trade tensions between Japan and South Korea threaten to disrupt the lithium-cobalt battery market in East Asia in a rapidly developing sideshow to the United States-China face-off.Glencore's decision to shut its Mutanda copper-cobalt mine and reduce the production guidance for...Read More

When the markets are nervous, investors tend to turn to gold, which is considered one of the safest assets.Gold prices have risen strongly as investors look for safer assets amid concerns about inflation in the U.S.At present, the strength of shale supply and concerns about demand are weighing more heavily on the market than concerns about geopolitics.By Owain Johnson At a Glance The world's mos...Read More

Two former employees of Gerald Group have filed a lawsuit in the United States alleging wrongdoing and misconduct by the commodity trading company's senior management - accusations that Gerald denies.Guoliang Zhao and Fabio Calia allege in the lawsuit that a share-dilution scheme was created that allowed senior management to misappropriate almost $300 million in shareholder value from Metals Tradi...Read More

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday August 7.Please click...Read More

Too many believe in the fallacy that the dollar dictates the movement of gold.Too many believe in the fallacy that gold moves opposite to the equity market.We have a set up to move to our next target of the 144 region in GLD next.In 3rd grade, my teacher had a sign up at the front of the class which read: PUT BRAIN IN GEAR BEFORE ENGAGING MOUTH This made an impression upon me as a 3rd grader. Yet,...Read More

Nickel's three-month price on the London Metal Exchange rallied by around 3% after the close of trading on Wednesday August 7, reaching a year-to-date high of $15,500 per tonne in what market participants labelled a broadly technical move.The metal's three-month price settled at $14,810 per tonne by the 5pm close on Wednesday, but was subject to a sudden bout of fresh buying at 5:30pm London time,...Read More

Seaborne iron ore prices continued to fall on Wednesday August 7 amid very limited buying interest among steel mills.Fastmarkets' index for iron ore 62% Fe fines, cfr Qingdao: $93.31 per tonne, down $4.24 per tonne.Fastmarkets' index for iron ore 62% Fe Pilbara Blend Fines, cfr Qingdao: $91.81 per tonne, down $4.24 per tonne.Fastmarkets' index for iron ore 62% Fe low alumina fines, cfr Qingdao: $9...Read More

SD Midweek Update: Shifting its focus to silver, the cartel is making its last stand in The Battle For Seventeen...Editor's Note: In addition to all of the fast-paced news to discuss in today's live-stream at 12:00 p.m. EST, please know that I have lived in El Paso, Texas for many years, I was a soldier in the US Army stationed at Fort Bliss, and I have been to that Walmart and Cielo Vista Mall fo...Read More

There is plenty of controversy about what drives the gold price - global tensions, portfolio diversification, production costs, demand from China or central banks, etc. - all these factors matter.It was not until the Fed let it be known that it was going to halt its relentless step-wise rate-rise program back in late 2018 that gold moved from $1,200 to $1,300.Global tensions still matter for gold,...Read More

An overview of the minor metals markets and the reasons for any price moves.Read More

Two former employees of Gerald Group have filed a lawsuit in the United States alleging wrongdoing and misconduct by the commodity trading company's senior management - accusations that Gerald denies.Guoliang Zhao and Fabio Calia allege in the lawsuit that a share-dilution scheme was created that allowed senior management to misappropriate almost $300 million in shareholder value from Metals Tradi...Read More

Here are five Fastmarkets MB stories you might have missed on Wednesday August 7 that are worth another look.Rising trade tensions between Japan and South Korea threaten to disrupt the lithium-cobalt battery market in East Asia in a rapidly developing sideshow to the United States-China face-off.Glencore's decision to shut its Mutanda copper-cobalt mine and reduce the production guidance for...Read More

Australian Mines has signed a seven-year offtake agreement giving South Korean energy and petrochemicals company SK Innovation 100% offtake rights to its battery-grade materials production, the company said on Tuesday August 6. Under the terms of the agreement, SK will have 100% rights to downstream nickel and cobalt sulphate output from Australian Mines' Queensland-based Sconi nickel-cobalt-scand...Read More

The weaker aluminium premium in the US Midwest reduced the arbitrage opportunities between Southeast Asian warehouses over July, Fastmarkets learned.The aluminium premium in the United States continued to dip into August as well, hitting its lowest since last March.Fastmarkets' assessment of the monthly average midpoint for the aluminium P1020A premium, ddp Midwest US was at $401.02 per tonne...Read More