Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort193,65278,52252,942171,361308,050417,955439,514Change from Prior Reporting Period 3,975-20,198-2,664-31,740-10,626-30,429-33,488Traders18874734757268176 Small Speculators LongShortOpen Interest 51,42729,868469,382 -3,131-72-33,560 non reportable positionsChange from the previous...Read More
The UK light iron scrap market was stable over the past week, for the eighth week in a row, as market expectation of a downturn in prices failed to materialise ahead of monthly delivery settlements to consumers in June, industry sources told Metal Bulletin on Friday June 1. Market sentiment has also been cautious after the United States imposed tariffs of 25% on imports of steel from the European...Read More
Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been a banker, a stock broker and studied world currencies since 1987. She believes strongly that we need to be as independent as possible and at the same time, we need to com...Read More
By: Peter Schiff, President and CEO Euro Pacific CapitalThis week, market watchers around the world are justifiably fixated with the high-stakes, high-drama political developments unfolding in Italy. While a political crisis in the world's 9th largest economy (International Monetary Fund figures, 4/17/18) would normally not be enough to cause an international meltdown, given how thin the global...Read More
Comex copper prices edged higher on Friday June 1, though the slight uptick is unimpressive compared with the gains seen in other base metals this week. Copper for July settlement on the Comex division of the New York Mercantile Exchange ticked up 0.8%, or 2.5 cents per lb, to $3.09 per lb. "LME copper has underperformed its complex notably this week. While copper is little changed since Monday, t...Read More
Matthew Gili, CEO of Western Copper, speaks to Maurice Jackson of Proven and Probable about the company's plans to go into production.Maurice Jackson: Today we will highlight the next mid-tier production company. I'm speaking of Nevada Copper Corp. (NCU:TSX; NEVDF:OTC.MKTS), North America's next copper producer. Joining us for a conversation is Matthew Gili, the president and CEO of Nevada Copper....Read More
Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, rigid ideology or conventional wisdom,...Read More
By: Avi GilburtThe great majority of market participants believe that "the fate of markets is inextricably intertwined with the ebb and flow of geopolitics." So, if I share with you "secret" news that will hit the wires next week, you should be able to make a killing with such information. Right? While I strongly disagree with this proposition, at least based upon my in-depth study of decades of...Read More
Japan's manufacturing purchasing managers' index (PMI) for May surprised to the upside at 52.8, having been expected to remain at April's level of 52.5, while China's Caixin PMI came in at 51.1, which was unchanged from April's reading. Taking into account yesterday's better-than-expected reading on China's official PMI, economic data may be picking up again, which could bode well for the metals....Read More
By: Peter DegraafCharts courtesy Stockcharts.comFeatured is the weekly gold chart. The green arrows point to 'upside reversals', developing after price dropped below the 50WMA. The blue arrows point to a positive follow-through, following an upside reversal. A similar situation back in December enabled gold to rise for 5 out of 6 weeks! The current rise has the potential to jump above th...Read More
TOPICS IN THIS INTERVIEW:02:50 Economic breaking points and Gold's pricing11:30 Bullion banks suppression agenda16:15 Where are the opportunities in Gold and Silver?20:00 Bitcoin and Gold backed cryptocurrencies25:30 A fair valuation of Gold and Silver29:30 Where to find out more informationAndrew Maguire is an Independent London Metals Trader and Analyst, internationally renowned for his unique a...Read More
By: Ira EpsteinIra Epstein reviews the days trading in the metal markets. For more information and access to Ira's free offers for commodity traders, visit https://www.iraepstein.com. Link to Our Website: https://www.iraepstein.com Read More
We know this… we really know it. This is awkward. Gold is a metal. This is why it used to be money for thousands of years: it was rare, tangible and its supply couldn’t be increased at will. An ideal store of value. So why are we saying that gold is not commodity?We mean here not the physical attributes of gold, but the approach to valuing it. You can model it either as a currency, or...Read More
The news BGC Contracting will cut jobs in its home-town of Perth, Western Australia, in the wake of the early closure of its Koolyanobbing mining contract in the state has been overshadowed by the decision by construction tycoon Len Buckeridge's heirs to sell the A$2.5 billion BGC business empire he founded more than 50 years ago.Karma BarndonThe Koolyanobbing iron ore mine in Western Australia01...Read More
Bob Thompson of Raymond James in Vancouver sits in for Eric this week as the pair discuss Friday's US jobs report, the upcoming FOMC meeting and the impact on gold, silver and the mining shares.Read More
An overview of the battery raw materials markets and their price moves from the past week. Read More
Dear Friend of GATA and Gold:At the opening of GATA's Gold Rush 21 conference in Dawson City, Yukon Territory, back in August 2005, our friend, South Africa's "Mister Gold," the late Peter George, was already tired of the brazenness of gold price suppression."In the last 10 years," George said, "the central banks have effectively shown that when there is a real crisis, gold actually goes down --...Read More
Precious metals expert Michael Ballanger dissects his volatility trades.One week ago today, I made the following commentary:"Finally, I am officially revisiting the "volatility trade" (VIX: CBOE Volatililty Index) but unlike February where I used the UVXY (ProShares Trust Ultra VIX Short) as my proxy for the increase in volatility, I am using the TVIX (VelocityShares Daily 2X VIX ST ETN) because i...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort193,65278,52252,942171,361308,050417,955439,514Change from Prior Reporting Period 3,975-20,198-2,664-31,740-10,626-30,429-33,488Traders18874734757268176 Small Speculators LongShortOpen Interest 51,42729,868469,382 -3,131-72-33,560 non reportable positionsChange from the previous...Read More
VANCOUVER, BRITISH COLUMBIA / May 31, 2018 / MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / OTCQB: MGXMF / FSE: 1MG) and engineering partner PurLucid Treatment Solutions Inc. ("PurLucid") are pleased to report that, prior to deployment, demonstration of the NFLi-5 commercial-scale rapid lithium extraction system, capable of processing 750 barrels per day (120 cubic meters), is scheduled...Read More