By Avi Gilburt I am going to do a larger degree overview of the DXY, since I have not done one in while, and I have been getting a number of questions about it of late. So, if you are following along, please take a look at the attached monthly chart, as I go through the progression of where I think we are in the larger degree time frames.Back in 2011, we correctly saw the impending multi-year...Read More

By JP Koninghttps://www.bullionstar.com/In 2014, Singapore stopped printing the mammoth S$10,000 banknote, one of the world's largest value banknotes, citing "risks associated with large value cash transactions." Although it is no longer being printed, the S$10,000, which is worth around US$7,400, remains in circulation and continues to be accepted as legitimate legal tender. But once deposited...Read More

By Dave KranzlerSifting through Twitter, I came across a curious assertion posited as a reply to a post on "unemployment" on Steph Pomboy's twitter feed (@spomboy). The tweeter asked, "have you noticed that gold is being dumped?" But was gold "dumped?" Perhaps the tweeter should have qualified the question with the adjective, "paper," in front of the word "gold."I replied rhetorically with...Read More

The widely-anticipated third-quarter European ferro-chrome benchmark price reduction is likely to be smaller than early estimates, market sources say, amid rising spot prices in China and Europe. The ferro-chrome benchmark is negotiated quarterly by a leading South African ferro-chrome producer and a major stainless steel mill. The second-quarter price settled at $1.42 per lb and the third-quarter...Read More

We receive so many questions from you daily. I answer them all as quickly as possible. John and I covered a number of questions about gold, silver, metals etf's and economic stats. There's no limit to the sensory overload that we all face daily. We try to cull out the most important questions and answer them on air. So don't hesitate to keep on sending them. They all get our personal attention. J...Read More

Erik Townsend and Patrick Ceresna welcome Jeffrey Sherman to MacroVoices. Erik and Jeffrey discuss the big picture outlook on the economy, bonds and interest rates. They ask if there is a recession coming in the U.S. and how much upside on the U.S. Dollar? They further debate how will the economy deal with higher rates and inflation, the outlook on gold and commodities.Read More

When I was in Congress and had to regularly fly between DC and Texas, I was routinely subjected to invasive "pat-downs" (physical assaults) by the Transportation Security Administration (TSA). One time, exasperated with the constant insults to my privacy and dignity, I asked a TSA agent if he was proud to assault innocent Americans for a living.I thought of this incident after learning that the TS...Read More

Mario Draghi said the euro-area economy is strong enough to overcome increased risk, and therefore this justifies the European Central Bank's decision to end bondContinue...Read More

Europe is frequently held up as an example of how the rest of the world should behave on a variety of issues. But this comparison misses at least Continue...Read More

President Trump directs Pentagon, Defense Department to 'immediately begin the process' of establishing 'space force' as sixth military branchContinue...Read More

Nickel prices on the London Metal Exchange had fallen by 1.4% by the close of trading on Monday June 18, pressured by a strong dollar index and low trading volumes across the complex. Closing below $15,000 per tonne for the first time since May 29, nickel's three-month price has edged away from its steady approach towards $16,000 per tonne last week. Pressured by a surging dollar index, which reac...Read More

 CloseGain/LossGold $1278.40-$2.10Silver$16.44-$0.15XAU82.38-0.24%HUI177.84-0.02%GDM620.62+0.02%JSE Gold1064.91+16.27USD94.79+0.02Euro116.21+0.12Yen90.57+0.14Oil$65.85+$0.7910-Year2.920%-0.005T-Bond144.5625+0.0625Dow24987.47-0.41%Nasdaq7747.03+0.01%S&P2773.75-0.21%  The Metals: Gold waffled between $1282.40 and $1277.10 and ended with a loss of 0.16%. Silver chopped between...Read More

LatestPrice – $2552Pattern – we have a pattern of lower lows and lower highs onthis chart signifying a downtrend. Given that price has risen sharply this yearso the question becomes is this the start of a new bull trend? No, not in myopinion. WeeklyChartBollingerBands – price came down to the lower band where support came in and price hasbounced back up to near the middle band. W...Read More

G?(C)camines is to invite all of its joint venture partners to discuss the terms and conditions of their mining contracts with it in an effort to restructure them, the chairman of the Congolese state-run company said. According to Albert Yuma, the goal of the various discussions will be to ensure reasonable levels of capitalization and more shared decision-making mechanisms. "Otherwise, we will no...Read More

Comex copper prices on Monday June 18 are on a three-day downturn to a two-week low amid escalating trade conflicts between the United States and China. Copper for July settlement on the Comex division of the New York Mercantile Exchange fell 3.65 cents or 1.2% to $3.1080 per lb. Earlier, the contract traded at $3.1065, the lowest since June 4. A rekindling of trade disputes between the US and Chi...Read More

LatestPrice – $159.90. Previousanalysis updated – price has traded exactly as outlined, rallying beforefinding resistance and I now believe the next leg up has commenced. DailyChartPattern – an uptrend is clearly in play with price breakingthe previous swing high before correcting. Price appears to have just put inanother low with the next keg up now underway.Fibonacci– the...Read More

Spot copper concentrate treatment and refining charges (TC/RCs) jumped up sharply in the first half of June after smelters overcame resistance from traders and miners to sell at higher levels. Metal Bulletin's copper concentrates TC/RC index shot up by $3.40 per tonne / 0.34 cents per lb on Friday June 15 to its highest level since January, when the index normalization method was adjusted to...Read More

The latest metals news and price moves to start the North American day on Monday June 18.Base metals on the London Metal Exchange were mostly higher during morning trading on Monday June 18 despite pressure from another surge in the dollar index.Here's how...Read More

Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Monday June 18. Three-month base metals prices on the London Metal Exchange were broadly down during Asian morning trading on Monday, with a stronger dollar weighing on the complex. The dollar index rose considerably last Friday, surpassing its previous 2018 high with a jump to 95.14 - its hig...Read More

 CloseGain/LossGold $1278.40-$2.10Silver$16.44-$0.15XAU82.38-0.24%HUI177.84-0.02%GDM620.62+0.02%JSE Gold1064.91+16.27USD94.79+0.02Euro116.21+0.12Yen90.57+0.14Oil$65.85+$0.7910-Year2.920%-0.005T-Bond144.5625+0.0625Dow24987.47-0.41%Nasdaq7747.03+0.01%S&P2773.75-0.21%  The Metals: Gold waffled between $1282.40 and $1277.10 and ended with a loss of 0.16%. Silver chopped between...Read More