"A severe depression like that of 1920-21 is outside the range of probability." The Harvard Economic Society, Nov. 16, 1929 "In an economy that is overleveraged to historic proportions, economic stimuli will not do the trick." Kenneth Eade, American attorney, environmental and political activist, author political and legal thrillers, from Terror on Wall Street, a Financial Metafiction Novel; b....Read More

- Jordan Roy-Byrne CMT, MFTALast week we wrote that near-term risk in precious metals (Gold and GDX especially) was rising and a correction could begin soon. As Gold nearly reached major resistance at $1550/oz, the miners already began to correct. That negative divergence is an ominous signal for the sector in the short term.However, the good news is, at least at present, Gold remains very st...Read More

Avi GilburtSo, as the bulls pat themselves on the back for holding all the way down last year for a 20% draw down so that they can "enjoy" the rally we got in 2019, I hope they don't hurt their arms and shoulders from all their back-patting. But, they may be in for a dose of realism when they realize that the market has now been completely flat for the last twelve months.Allow me to show you a...Read More

By: Ira EpsteinGold monthly showing the breakout higher, weekly upside bias with 18 week MA nearing $1,400 with momentum up..Read More

Are rates on the Ten-Year Note finally bottoming? Quite possibly, according to technical indicators that we monitor closely. T-Notes touched a low last week of 1.47% after plummeting almost relentlessly from 3.49% last November. GDP was running at around 3% back then, and almost no one other than a few hardcore deflationists, your editor among them, saw rates on the Ten-Year falling below 2%....Read More

The talk of financial markets is about negative mortgage rates and its impact on global growth. Let's be straight, mortgage rates are linked to bond yields. Investors have the habit of factoring excess be it growth or recession. Assets prices these days are all about AI (artificial intelligence) powered momentum. Most of us make heavy losses when the investment we made starts reversing. Winners...Read More

"Don't Look Back. Something Might Be Gaining on You."MMT or the Magic Money TreeA Fundamental Change in the US/China RelationshipBone-Penetrating ExhaustionMontana and Back to Puerto RicoI am back from my 14th annual Maine fishing camp and the mood was decidedly different this year. The private event at Leen's Lodge is generally called Camp Kotok in honor of David Kotok of Cumberland Advisors w...Read More

White Gold Corporation is a newer name in the junior space, and holds the largest property portfolio in the White Gold District of the Yukon, with nearly 1.1 million acres.The company has a strong share structure with a good chunk of float held by Kinross Gold and Agnico Eagle.While the drill bit has had a reasonable amount of success at the company's projects, the technical picture leaves a l...Read More

Nickel's three-month price on the London Metal Exchange was lower at the close of trading on Monday August 19, dipping below the $16,000-per-tonne support level amid a broadly low turnover across the complex, while a steady uptick in lead lead gains over the afternoon. Closing at $15,920 per tonne, nickel's futures price failed to close above its nearby support level after breaching the mark last...Read More

The seaborne coking coal market had a muted start to the week on Monday August 19 amid this month's steady price decline.A cargo of premium low-vol hard coking coal was heard to have been traded at around $162 per tonne cfr China. But not enough details of the trade could be confirmed at the time of writing.Prices for premium hard coking coal on a cfr China basis are down by about 7% from...Read More

China's hot-rolled coil prices gained some more strength on Monday August 19 on news of a revamp in interest rates as well as tighter steelmaking restrictions in the country's northern region.DomesticEastern China (Shanghai): 3,730-3,740 yuan ($530-531) per tonne, up 10 yuan per tonneNorthern China (Tangshan): 3,730 yuan per tonne, up 10 yuan per tonnePrices in Shanghai rose as high as 3,740 yuan...Read More

David says this is especially bullish for silver. Here's why...by David Morgan of The Morgan ReportDavid Morgan's Take On The Markets | https://www.themorganreport.com/joinWatch this video on David Morgan's Take On The Markets, then please share with your friends and family on social media and use the caption David Morgan's Take On The MarketsMarket Analysis/Investing/Trading Methods At TheMorgan...Read More

Imperial Metals has completed the sale of a 70% stake in its wholly-owned Red Chris copper and gold mine in British Columbia, Canada to Newcrest Mining, creating a joint venture with Newcrest as the operator.The deal, initially announced in March, aims to use Melbourne, Australia-based Newcrest's block-caving expertise to mine the deep resource beneath the current open pits and exploit high grades...Read More

Europe's high carbon ferro-chrome market dropped by over 4% to its lowest level in more than ten years amid weak demand, while the UG2 chrome ore index fell on aggressive bidding. European alloy price at lowest since May 2009  Chrome ore prices weaken in China  Domestic and imported alloy prices hold in China  Alloy prices hold in East Asia  US price holds amid inactivity The E...Read More

Here are five Fastmarkets MB stories you might have missed on Monday August 19 that are worth another look.Xinjiang Xinfa Aluminium, a subsidiary of Xinfa Group, was heard to have closed 500,000 tonnes of aluminium production operational lines at its plant in Xinjiang province, China due to an incident at its electrical transformer on August 18, sources told Fastmarkets on August 19.Ferr...Read More

Xinjiang Xinfa Aluminium, a subsidiary of Xinfa Group, was heard to have closed 500,000 tonnes of aluminium production operational lines at its plant in Xinjiang province, China due to an incident at its electrical transformer on August 18, sources told Fastmarkets on Monday August 19.The total closure period is said to last at least three months while other sources have heard that the production...Read More

The three-month tin price on the London Metal Exchange was down by just under 2% during morning trading on Monday August 19, retesting its 2016 low amid a continued downtrend, while the largest delivery in LME nickel since May 2018 helped cool the metal's elevated price. Tin futures fell to an intra-morning low of $16,255 per tonne, with just 198 lots of metal exchanged as of 9:43am London time.&n...Read More

A wave of risk-on is flowing through broader markets this morning, Monday August 19, on expectations that central banks will provide stimulus going forward to cushion moves toward recession.The problem is that while this may provide some relief to markets, it is only being done because the global economy is slowing and that is bad for commodity demand.Asian equites are in positive territory, led b...Read More

Base metals prices on the Shanghai Futures Exchange were mostly down during morning trading on Monday August 19 while markets reacted to comments from US President Donald Trump over the weekend that the United States is "doing very well with China and talking" but suggested he was not ready to sign a deal.Aluminium was the lone metal in positive territory with a gain of 0.5%, while the rest were d...Read More

Brazilian apparent steel consumption fell in July on an annual basis, while weak economic performance pushed down domestic sales and imports alike, national steel association A??o Brasil said on Monday August 19.Consumption totaled 1.76 million tonnes in July, 7.1% lower than 1.89 million tonnes a year before, A??o Brasil data showed.Flat-rolled steel consumption was 1.03 million tonnes, down by 8...Read More