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

TECHNICAL SCOOPCharts and commentary by David ChapmanPhone: 416-523-5454 Email: david@davidchapman.comTwitter: @Davcha12June 18, 2018"The acquisition of Canada this year, as far as the neighborhood of Quebec, will be a mere matter of marching; & will give us experience for the attack of Halifax the next, & the final expulsion of England from the American continent."- Thomas Jeffe...Read More

By Frank HolmesStrengths? The best performing metal this week was silver, down just 1.37 percent. Gold traders and analysts were bullish on the yellow metal due to speculation that the now confirmed interest rate hike by the Federal Reserve could ease the dollar's rally, according to Bloomberg. It is of interest to note that over the last three weeks gold stocks, as measured by...Read More

By Gary TanashianFollowing is the opening segment of this week's edition of Notes From the Rabbit Hole, NFTRH 504. For months now we have been tracking a divergence in the key cyclical Semiconductor Equipment segment (I am short AMAT & LRCX) to the broader Semi sector (ref. the most recent article from May 18th here) and this week we put more context to the divergence.A Bull in a China ShopIn li...Read More

By Ricky WenThe second week of June was fairly uneventful as the market did its typical stallfest/shakefest fluctuations against a major level of 2800 from the March high region. Essentially, the market reached a high of 2794.25 intraday on Monday (Jun 11) on the Emini S&P 500 (ES) and then it couldn't sustain the pressure by the end of the day with the 2786 print.This paved the way for our Mo...Read More

Cranbrook, British Columbia - Eagle Plains Resources Ltd. ("EPL":TSX-V, or "Eagle Plains") as project operator, has notified Roughrider Exploration Ltd. ("REL": TSX-V, or "Roughrider") that crews have been mobilized to carry out two separate exploration programs on the Brownell Lake (VMS-polymetallic) and Olson (gold) exploration properties located approximately 120km east of La Ronge, Saskatche...Read More

By Hubert Moolman The pressure on the current monetary establishment has been building steadily. Just because gold and silver has not made a major move up, does not mean that the terminal illness of the international monetary system has now gone away. On the contrary, its imminent demise is now more certain, given the various financial confirmations over the last couple of years (see my other w...Read More

Oil prices are up over the past year, which is bad if you're, say, a developing country that imports a lot of the stuff. But the US dollar (aka the petrodollar) is also up, which compounds the problem because oil is priced in dollars. So Brazil, for instance, finds itself buying an appreciating necessity that's priced in an appreciating:Steep Oil and Strong Dollar Make Toxic Brew for Global Econ...Read More

By Keith WeinerWe have been writing about capital destruction. This week let's look at an event which is currently making news. Social Security will begin tapping into its trust fund this year. This happens, as the Social Security Board of Trustees states antiseptically, "four years earlier than projected in last year's report." In other words, the economy is growing by every conventional measur...Read More

By PlungerI hadn't planned on submitting anything this weekend, however in light of Friday's action I felt it may be useful. After Friday's smashing in the commodities and precious metals market many investors are now rattled and may have bailed from the sector already. It is not my purpose to recommend holding or selling, however I would like to lay out for you what is going on beneath th...Read More

The Texas Bullion Depository officially opened for business this week. The creation of the facility represents a power-shift away from the federal government, and sets the foundation to undermine the Federal Reserve's monopoly on money.In June 2015, Gov. Greg Abbot signed legislation creating the state gold bullion and precious metal depository. The facility will not only provide a secure p...Read More

Gold and silver prices jumped to new highs versus the US dollar on Thursday (breaching the $1300 and $17 per-ounce marks respectively), despite the fact that the Federal Reserve hiked interest rates and also stated that there could be further hikes in the coming days.The very next day, however, gold and silver prices fell to $1,289 and $16.95, after the U.S. government stated that it will start im...Read More

Peter KrauthGold prices took a hit at the end of last week. But now isn't the time to worry. It's entirely normal in the wake of a rate hike, and we know higher rates are a long-term catalyst for the price of gold. Plus, rising economic uncertainty will send traders flooding into gold…Things played out in the gold and dollar markets pretty much as expected last week when the U.S. Federal Res...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

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

Trading activity in the seaborne coking coal market was muted on Monday June 18, with the top spot buyer China on holiday. On Monday, the Queensland Resources Council (QRC) said the industry was urging the state's rail freight operator Aurizon to, "return to normal maintenance practices and as a monopoly infrastructure provider, make its case to the regulatory and the industry [body]." Earlie...Read More

Keith Weiner provides a "forensic look at the intra-day action on Friday", and this is what he found...by Keith Weiner of Monetary MetalsWe have been writing about capital destruction. This week let's look at an event which is currently making news. Social Security will begin tapping into its trust fund this year. This happens, as the Social Security Board of Trustees states antiseptically, "four...Read More

"I am hereby directing the Department of Defense and Pentagon to immediately begin...Space Force as the Sixth Branch of the Armed Forces."Half Dollar's Note: If we are indeed going to have a Space Force, the United States is going to be buying on heck of an amount of physical silver. Here's just one example of how silver is popular in the Aero-space industry thanks to its ability to reduce the e...Read More

Trading activity in the seaborne coking coal market was muted on Monday June 18, with the top spot buyer China on holiday. On Monday, the Queensland Resources Council (QRC) said the industry was urging the state's rail freight operator Aurizon to, "return to normal maintenance practices and as a monopoly infrastructure provider, make its case to the regulatory and the industry [body]." Earlie...Read More

Base metals on the London Metal Exchange were mostly higher during morning trading on Monday June 18, despite pressure from another surge in the US dollar index. Lead's three-month price has kept firm above $2,400 per tonne, trading 1% higher since Friday's close,. The curtailment of treatment charges (TCs) in China - at records lows of $15-25 per tonne - as well as ongoing supply disruptions...Read More