By David SmithThere is a tide in the affairs of men...Thus begins one of the most famous quotes ever uttered, taken from Shakespeare's play, Julius Caesar. Brutus, talking to Cassius, says, "There is a tide in the affairs of men. Which taken at the flood, leads on to fortune..."A flood tide takes place at the very crest in the water's height. Once the "tide turns," there is no stopping its ebb u...Read More
By Peter DegraafThe Ducks are Lining Up!This chart is courtesy Real Investment Advice.com and borrowed from a recent article: 'Wicksell's Elegant Model'. The brown areas in the chart highlight the periods when 'real rates' were and are negative. Gold tends to perform best during those periods.Featured is the weekly gold chart courtesy Stockcharts.com. The pattern indicates the likeliho...Read More
Cranbrook, B.C., August 30th, 2018: Taiga Gold Corp (CSE:TGC) ("Taiga") has mobilized crews to commence fieldwork on its' 100%-owned SAM project located 15km east of Flin Flon, Manitoba, and 10km northwest of the past producing Flexar and Birch Lake mines. The 988 ha property is located within the Amisk Group volcanic belt, and is considered to have significant potential to host both Volcanogeni...Read More
- "This is a financial war ... Russia is dumping Treasuries to get out from under dollar hegemony" - Rickards on CNN Money- Russia ramping up gold buying and has "tripled gold reserves in 10 years," from 600 to almost 2,000 tonnes- "Russia is pushing back" against U.S. sanctions using cyber financial warfare and acquiring gold bullion as a hedge- "The dollar is in long-term decline" and it...Read More
All over the internet I have been reading that a higher trajectory of US interest rates will drag down gold. I believe that the long term gold price is more about the global political situation and not pure economics. The US induced trade war and its domestic protectionism will ensure that gold/crypto currencies backed by gold, replaces the US dollar as the medium of exchange between central ban...Read More
The export market for pig iron from the Commonwealth of Independent States was quiet on Thursday August 30 because of expectations of possible scrap price reductions in September in the key outlets of the United States and Italy....Read More
CloseGain/LossGold $1200.20-$6.10Silver$14.56-$0.20XAU66.40-1.77%HUI143.65-1.81%GDM520.80-1.50%JSE Gold971.70-6.42USD94.65+0.08Euro116.75-0.34Yen90.18+0.55Oil$70.25+$0.7410-Year2.865%-0.014T-Bond144.96875+0.375Dow25986.92-0.53%Nasdaq8088.36-0.26%S&P2901.13-0.44% The Metals: Gold fell $5.80 to $1200.50 in Asia before it bounced back to $1206.70 in London and then plunged d...Read More
The prices of base metals on the London Metal Exchange had mostly fallen by the close of trading on Thursday August 30, hampered by continued uncertainty about the trade relations of the United States, while a resurgence of volatility across emerging markets' currencies weakened investment....Read More
Turkish steel producers returned to the deep-sea scrap markets for two new deals on Thursday August 30, at prices up by around 3%, despite it being a national holiday in the country....Read More
Domestic prices for hot-rolled coil (HRC) in the EU were expected to move upward despite competitive import offers from Turkey, sources told Metal Bulletin on Thursday August 30....Read More
It's no secret that the world reserve currency, the US dollar (USD), is on borrowed time.With each passing day, nations that have grown tired of the American government's behavior, sanctions, tariffs, etc. continue to make moves away from the US dollar.The BRICS nations, in particular (Brazil, Russia, India, China, and South Africa), have taken steps toward creating a new financial system independ...Read More
The latest news and price moves to start the North American day on Thursday August 30....Read More
Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Thursday August 30.Base metals prices on the Shanghai Futures Exchange were broadly up during Asian morning trading on Thursday, with only copper and nickel bucking the trend.Copper prices underperformed on the SHFE during the early session on Thursday, with the metal's most-traded copper cont...Read More
Specialty alloys producer Afarak does not plan to make a direct replacement of its head of marketing, Michael Lillja, after he leaves the company. ...Read More
Matthew Campbell is to join Triland Metals Ltd as co-head of London Metal Exchange sales, marking the third member of the former Scotiabank team to be hired by the company in recent weeks. ...Read More
Has the short covering begun? Harvey organ seems to think there must be both baker and spec short covering going on. Here's why...by Harvey Organ of Harvey Organ BlogAUGUST 29/GOLD HOLDS AND IS DOWN ONLY $2.90 TO $1205.90 BUT UP 6.00 DOLLARS FROM LAST NIGHT'S ACCESS MARKET/SILVER IS DOWN 10 CENTS TO $14.74/CRACKS ARE STARTING TO APPEAR INSIDE THE IRANIAN GOVERNMENT AS KEY OFFICIALS WERE SACKED/BOT...Read More
The prices of base metals on the London Metal Exchange had mostly fallen by the close of trading on Thursday August 30, hampered by continued uncertainty about the trade relations of the United States, while a resurgence of volatility across emerging markets' currencies weakened investment....Read More
Trading activity in the seaborne iron ore market was limited on Thursday August 30 with buyers and sellers refusing to compromise amid price drops in China's steel markets....Read More
The seaborne coking coal spot market was largely unchanged on Thursday August 30 amid a gradual convergence of offers and bids....Read More
Specialty alloys producer Afarak does not plan to make a direct replacement of its head of marketing, Michael Lillja, after he leaves the company. ...Read More