If you hear one peep out of the gold community about a precious metals “take down”, “attack” or any other such aggressive or war-like language you will then be hearing some old fashioned and promotional gold bug orthodoxy. Fortunately, a casual look around the Bug-o-Sphere does not yield too many obvious conspiracy theorists or importantly, cheerleaders.Indeed, it seems tha...Read More

The Supreme Administrative Court of Egypt has again postponed its decision on the possible re-imposition of safeguard duties on billet and rebar imports and will not discuss the matter until October 5, Fastmarkets understands.The move prolongs the uncertainty in the market, which has led to a significant reduction in buying activity, sources told Fastmarkets on Tuesday September 10....Read More

A laundry list of round numbers is now in play for Hong Kong's benchmark equity indexThere was a major mid-week relief rally for Hong Kong-listed stocks, after Chief Executive Carrie Lam on Wednesday said the government would formally withdraw a controversial extradition bill that had triggered months of disruptive protests in the region. The benchmark Hang Seng Index (HSI) rallied 3.9% on the ses...Read More

Major Chinese steel mills' daily crude steel output rates were largely unchanged in mid-August, but their finished steel inventories increased.Member mills of the China Iron & Steel Association (Cisa) produced crude steel at an average rate of 2.0542 million tonnes per day in the second 10 days of August, up 0.3% from 2.0481 million tpd in the first 10 days...Read More

At the end of July, the Fed trimmed the federal funds rate. However, the dovish U-turn within the FOMC amid solid US economy remains a mystery. We invite you to read our today’s article about the Fed’s cut puzzle and its find out what does it mean for the gold market. At the end of July, the Fed trimmed the federal funds rate. However, the dovish U-turn within the FOMC – just hal...Read More

The gold miners’ stockshave grown very overbought after soaring dramatically higher in recent months.  Blasting really far really fast has left thissector really stretched technically and sentimentally.  Excessive gains and greed always soon lead tomajor corrective selloffs, which are necessary to restore balance.  All bull markets, even the most powerful,flow and ebb.  B...Read More

A summary of base metals premiums from across the globe for the week to Tuesday September 10.Please click...Read More

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason.Later in today’s program we’ll hear a fascinating interview with Greg Weldon of Weldon Financial. Greg breaks down the recent move in silver, a move off of a breakout point he called spot on on this program a few weeks ago, and also gives us his thoughts on the pullback we saw on Thursday.Greg also tells us at wha...Read More

Michael Kosares, USA Gold Bank of England governor Mark Carney, in something of a shocker, told the recent Jackson Hole central bankers' conference that the world's reliance on the US dollar 'won't hold' and needs to be replaced by a new international monetary and financial system based on many more global currencies," according to a Financial Times report. The greatest impact of Carney's bombs...Read More

By Avi GilburtI think this market has been providing many investors with whipsaw and head aches, which has also caused much head scratching. (And, yes, that little itch may be telling you something.)Back in November of 2018, no one even considered the possibility of a bond rally because the Fed was raising rates. And, recently, no one even considered the possibility of any type of top in bon...Read More

By: Ira EpsteinGold at lower Bollinger band support, gold at an important number, to me..Read More

Jordan Roy-Byrne CMT, MFTAIt has taken a few weeks to play out but our warning of a correction in precious metals (first on August 18) is coming to pass. Last week Gold, Silver and GDX all formed big bearish reversals at multi-year resistance levels. Yes, these resistance levels (Gold $1550, Silver $18.50, GDX 31) date back to 2013.Bonds and precious metals have benefitted from the shift in Fed...Read More

Dear Friend of GATA and Gold:U.S. Rep. Alex X. Mooney, R-West Virginia, is continuing his efforts to get answers from the U.S. Treasury Department, Federal Reserve, and Commodity Futures Trading Commission about surreptitious interventions by the U.S. government in the financial and commodity markets and particularly the gold and silver markets.Mooney's efforts began with letters sent to the Fed...Read More

By: Ira EpsteinRead More

IInterest rates on the Ten-Year Note still have a long way to fall if they are going to achieve the 0.73% target shown in the chart (see inset). Although it is mildly bullish that they have bounced from well above the 1.30% Hidden Pivot target given here earlier, the rally would have to hit 2.18% to turn the weekly chart bullish. For now, though, we'll need to respect the uptrend because i...Read More

The current fall in gold and silver is just a correction and not a short term bearish trend. Please remember that there is a difference between correction and a bearish trend. Bearish trend will be there only if gold trades below $1487 after the FOMC on 19th September. Sharp correction till the FOMC should be used to invest or go long in futures with higher trailing stop loss. Please do not trad...Read More

Recent news suggests that oil producers are attempting to increase production levels after failing to attempt to push prices higher by cutting production levels.  Globally, oil producers want to see oil prices rise above $65 ppb in an effort to support profit and production cost expectations.  The real issue for the nation/states that rely on oil production/sales is that the global econo...Read More

The three-month aluminium and copper prices on the London Metals Exchange defied a stronger dollar index to trade significant volumes by the end of the day's trading on Tuesday September 10. "Flow [of trading] this past week has been systematic short-covering and trading volumes are coming back under pressure suggesting prices will struggle to move aggressively," Marex Spectron said in a morning n...Read More

Technical analyst Clive Maund presents his dystopian view of the future. The distinguishing feature of fiat money systems is that they are licentious—they are created by corrupt politicians so that they can act without restraint by, for example, promising the citizens the earth in order to improve their chances of being re-elected. The population can pick up the tab later in the form of deva...Read More

We are coming into the traditional seasonfor intense silver rallies. With silver recently making a really importantbreakout, things are setting up for a memorable period in the silver markets.Furthermore, the decision to buy silver forthe long-term is basically a no-brainer given that the Gold/Silver ratio isstill around 80. Below, is a long-term Gold/Silver ratio chart as well as aSilver chart (f...Read More