China's car production and sales extended their year-on-year growth in May but were both down on the month, the China Association of Automobile Manufacturers (CAAM) said today. The country produced 2.34 million vehicles last month, up 12.8% from 2.09 million units in May 2017, the association said on Monday June 11. Vehicle sales reached 2.29 million units...Read More

 CloseGain/LossGold $1300.40+$1.90Silver$16.93+$0.17XAU83.63+0.84%HUI180.17+0.75%GDM627.22+0.60%JSE Gold1059.78-0.35USD93.58+0.01Euro117.85+0.15Yen90.92-0.48Oil$66.10+$0.3610-Year2.953%+0.010T-Bond143.65625-0.375Dow25322.31+0.02%Nasdaq7659.93+0.19%S&P2782.00+0.11%  The Metals: Gold gained $2.60 to $1301.10 in Asia before it fell back to $1294.20 in London, but it then climb...Read More

High Odds that Low of Year ConfirmedBy Ricky Wen The first week of June was fairly easy to navigate and trade as the bullish pattern took a couple extra weeks of high level consolidation to finally complete its course. It really started with the breakout on Monday June 4 above the key 2742 level to confirm that the bull train is ready for the immediate breakout to accelerate above the prior two...Read More

By Ira EpsteinGold lifts but silver is shining.https://www.iraepstein.com/ Read More

 CloseGain/LossGold $1300.40+$1.90Silver$16.93+$0.17XAU83.63+0.84%HUI180.17+0.75%GDM627.22+0.60%JSE Gold1059.78-0.35USD93.58+0.01Euro117.85+0.15Yen90.92-0.48Oil$66.10+$0.3610-Year2.953%+0.010T-Bond143.65625-0.375Dow25322.31+0.02%Nasdaq7659.93+0.19%S&P2782.00+0.11%  The Metals: Gold gained $2.60 to $1301.10 in Asia before it fell back to $1294.20 in London, but it then climb...Read More

By Dave KranzlerThe market sentiment toward the precious metals is quite negative. Additionally, gold and silver are fighting both the ongoing official price-management, which seems to have intensified over the last 12 months, and the rising dollar. The rise in the dollar is technical in nature - certainly it's not based on U.S. systemic fundamentals. The current financial and economic environ...Read More

By Craig HemkeJust as gravity propels the lava from Kilauea inexorably toward the sea, a mountain of public and private debt looms over today's markets. Earlier this week, the Boards of Trustees for both U.S. Social Security and Medicare released their latest updates on the "solvency" of the programs. The advisories can be read here: https://www.ssa.gov/oact/TRSUM/index.html Though it's common k...Read More

Listen to the Podcast Audio: Click HereMike Gleason: It is my privilege now to welcome back Michael Pento, president and founder of Pento Portfolio Strategies and author of the book, The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market. Michael is a well-known money manager and a fantastic market commentator, and over the past few years, has been a wonderful guest a...Read More

By Keith WeinerSupport you're driving a car, and you turn the steering wheel left. You will feel the door and pillar of the car push your left shoulder (in a left-drive car). This is an observed fact.Common Sense PhysicsOne idea let's call it common sense physics is that a force is pushing you outward into the door. If you picture the center of the circle that the car is making in its turn, ther...Read More

By Avi Gilburt Bears seem to be roaming wherever you look, whether it be in the US equity market, the gold market, and especially in the emerging markets as of recently. Whether I read articles, or the comments to those articles, it seems there is a common expectation that "emerging market dominoes are falling" and it will "cause deleveraging and contagion" across portfolios worldwide.It certain...Read More

Dear Friend of GATA and Gold:GATA has appealed to the U.S. comptroller of the currency, who has regulatory authority over banks, to review financial risks certain banks may have incurred through derivatives in the monetary metals markets, particularly through the recent heavy use of the "exchange for physicals" mechanism of settling gold and silver futures contracts on the New York Commodities E...Read More

'Is all gold equal?' is the topic of episode 4 of the Goldnomics podcast.The tangible quality of gold bullion is one of the key factors which contributes to gold's ability to act as a form of financial insurance for investments, savings and wealth throughout history and again in recent months and years.You can also click here to listen on SoundCloud , Blubrry & iTunesWe believe investors an...Read More

Geopolitics The US dollar should weaken after Trump's G7 U turn. China-Russia are showing higher trade cooperation and cohesiveness to check the growing influence of the USA in the South China Sea. The meeting of the Shanghai Cooperation Council (SCO) will antagonize the USA even more as even a slight hint of unity in India-Russia-China-Pakistan could reduce American influence to zero in the I...Read More

Seaborne coking coal prices rose to their highest in over two months last week - on Monday June 11, Metal Bulletin's fob Australia Premium Hard Coking Coal Index was 35% higher than where it was a year earlier - with supply concerns emerging as a key factor affecting the outlook for the market.Changes made by Queensland's rail freight operator Aurizon to its operational and maintenance practices h...Read More

Brazilian slab export prices remained unchanged last week, as buyers were hesitant about placing bids after recent developments related to Donald Trump's Section 232 investigation in the United States.Metal Bulletin's weekly price assessment for slab exports from Brazil was $580-590 per tonne fob on Friday June 8, stable from the previous week.The market was momentarily halted...Read More

Long steel demand in European Union markets is likely to remain relatively weak through June amid relatively high stock levels at distributors and uncertainty around Europe's import safeguard investigation, market sources told Metal Bulletin.The European Commission (EC) is expected to impose preliminary safeguard measures on steel imports in early July and, following World Trade Organization rules...Read More

In Part I of this series, I discussed three investment sectors that I think investors should avoid in the near term. I laid out my case for minimizing exposure to asset classes that appear to be in bubble territory, including stocks, bonds and real estate. The FED has pumped up these assets with artificially-low interest rates, money printing, debt monetization and other stimulus tools. This type...Read More

Prices in the CIS export billet market have become firmer, with customers finally accepting higher prices, Metal Bulletin heard on Monday June 11.Mills continued to increase their offer prices, citing positive developments in the scrap market in Turkey, and the imminent end of the Islamic holy month of Ramadan, which will see a restoration of normal levels of business activity.There is reduced com...Read More

Turkish steel producers were silent in the deep-sea scrap markets at the beginning of this week after booking almost 250,000 tonnes of material last week, sources said on Monday June 11.The mills in the country had been in the market for July deliveries and booked seven deep-sea cargoes in the week ended June 8.But the prices have now started to pick up again because of the stronger Turkish demand...Read More

Base metals on the London Metal Exchange closed mostly lower at the end of trading on Monday June 11, with copper, nickel and tin prices recording losses while lead and aluminium made marginal gains. Falling 0.7% over the afternoon, copper's three-month price has dipped from the five-year highs that pushed its price up to $7,300 per tonne last week. Uncertainty over labor negotiations at BHP...Read More