CloseGain/LossGold $1291.00+$0.60Silver$16.44+$0.07XAU81.84-0.12%HUI177.47-0.17%GDM620.47-0.22%JSE Gold1013.99-2.72USD93.48+0.08Euro117.96-0.08Yen90.44-0.39Oil$71.49UNCH10-Year3.110%+0.013T-Bond140.375-0.5625Dow24713.98-0.22%Nasdaq7382.47-0.21%S&P2720.13-0.09% The Metals: Gold saw slight gains in Asia before it dropped back to $1285.40 in London and then rebounded in New...Read More
Geopolitics has taken over the oil market, driving oil prices up to three-year highs. The inventory surplus has vanished, and more outages could push oil prices up even higher. Yet, there are some signs that demand is starting to take a hit as oil closes in on $80 per barrel.In the IEA’s May Oil Market Report, the agency said that OPEC might be needed to step in and fill the supply gap if a...Read More
The sharp rally in cobalt prices over the past two years has accelerated the adoption of cobalt scrap in the production of cobalt metal and salts, including cobalt sulfate, Chinese market participants told Metal Bulletin. The boom in cobalt scrap demand has come at a time when cobalt prices have almost doubled in a year due to a bullish outlook on electric vehicles (EVs) consumption. Cobalt is one...Read More
By Axel Merk And Nick ReeceIn recent months, pundits have cautioned about a flattening yield curve, suggesting it may signal the end of the economic expansion, the end of the bull market, possibly even the end of the world as we know it. There's plenty to worry about in the markets, but in the spirit that knowledge is the enemy of ignorance, let's clear up some myths.First, what is yield curve s...Read More
Vince Sorace, the president and CEO of Kutcho Copper Corp., tells Resource Stock Digest about the company's plan of attack for the 2018 field program, which he believes will generate substantial news flow over the coming months. Gerardo Del Real: This is Gerardo Del Real with Resource Stock Digest. Joining me is president and CEO of Kutcho Copper Corp. (KC:TSX.V), Mr. Vince Sorace.You know it's...Read More
On May 1st, we knew that theprecious metals sector was starting a 2-week rally based on cyclical turningpoints, apex-based reversals, and True Seasonality for May. The rally isover, the profits cashed in… And growing once again thanks to the new shortposition. What’s in store for the rest of the month and the next few ones?Something epic. Let’sstart todays’ analysis with t...Read More
The new energy vehicle (NEV) story is not a "red herring" and nickel physical market participants need to lock in prices now , according to Robert Hawkes, executive director, Goldman Sachs International. "If you are having to build a budget for [NEV] going forward, you can't rely on nickel prices [and where they might be] in five years' time, you need to lock in prices now," Hawkes...Read More
CloseGain/LossGold $1291.00+$0.60Silver$16.44+$0.07XAU81.84-0.12%HUI177.47-0.17%GDM620.47-0.22%JSE Gold1013.99-2.72USD93.48+0.08Euro117.96-0.08Yen90.44-0.39Oil$71.49UNCH10-Year3.110%+0.013T-Bond140.375-0.5625Dow24713.98-0.22%Nasdaq7382.47-0.21%S&P2720.13-0.09% The Metals: Gold saw slight gains in Asia before it dropped back to $1285.40 in London and then rebounded in New...Read More
Canada-based zinc mining company expands drilling program at U.S. site. Pasinex Resources Ltd. (PSE:CNX) has announced that it has signed a drilling contract with Idea Drilling LLC of Minnesota. The contract is for drilling at least four holes of up to 3,000 feet of oriented diamond core at the Gunman high-grade zinc project in Nevada. It is expected that this drilling work will begin at the end...Read More
CloseGain/LossGold $1291.00+$0.60Silver$16.44+$0.07XAU81.84-0.12%HUI177.47-0.17%GDM620.47-0.22%JSE Gold1013.99-2.72USD93.48+0.08Euro117.96-0.08Yen90.44-0.39Oil$71.49UNCH10-Year3.110%+0.013T-Bond140.375-0.5625Dow24713.98-0.22%Nasdaq7382.47-0.21%S&P2720.13-0.09% The Metals: Gold saw slight gains in Asia before it dropped back to $1285.40 in London and then rebounded in New...Read More
Full Article: The Holy Grail of InvestingBy: Bob MoriartyA major low in the price of precious metals this way cometh.I remember clearly the first time someone informed me that all markets were manipulated. It was just after my mom told me that the sun rises in the east. When I realized everything was manipulated; there are no free markets, I was so mad I kicked the slats out of my cradle.Full A...Read More
This blog post is a guest post on BullionStar's Blog by the renowned blogger JP Koning who will be writing about monetary economics, central banking and gold. BullionStar does not endorse or oppose the opinions presented but encourage a healthy debate. The poster child of a cashless society is Sweden. There are all sorts of anecdotes about beggars accepting cards, churches passing around mo...Read More
By Daniel R. Amerman, CFACould a committee of unelected officials increase your household's share of the national debt by $60,000 in a single meeting? In normal times - they could not. However, these are not normal times, and any appearance of normality is deceptive. The committee in question is the Federal Open Market Committee (FOMC). They met in March of 2018, and as expected, they raised the...Read More
By Rory HallMany of you may remember the great debate between then Congressman, Dr. Ron Paul and then Federal Reserve Chairman, Ben Bernanke, when Dr. Paul ask Mr. Bernanke if gold was money. The look on Bernanke's face is absolutely priceless.If we go all the way back to 1966 we would find Alan Greenspan's report Gold and Economic Freedom where Greenspan explained, in plain English, how what ai...Read More
By Dave KranzlerThe dollar is said to be "soaring," though I take issue with that characterization for now (see the chart below); 10-yr Treasury yields are also rising, though the yield on the 10-yr is only up about 67 basis points if you measure from January 1, 2017. What's really going on?Ten years of money printing by the Federal Reserve has removed true price discovery from the markets....Read More
China's ferrous futures trended downward during morning trading on Thursday May 17 before minimizing their losses toward the end of the session, with the benchmark hot-rolled coil contract performing the best by closing higher than its opening price.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,680 yuan ($577) per tonne, down 4 yuan per tonne October hot-rolle...Read More
By Frank HolmesFor more than a week now, West Texas Intermediate (WTI) crude oil has been trading north of $70 per barrel, a level we haven't seen since November 2014. Gas prices are likewise trending up, as I'm sure you've noticed. According to the American Automobile Association (AAA), the average cost for a gallon of regular gas was $2.88 on May 15, up nearly 25 percent from a year ago.This w...Read More
SHANGHAI, May 17 (SMM) – China will withdraw tax exemptions on purchases of 319 models of new-energy vehicles (NEVs), the Ministry of Industry and Information Technology (MIIT) said on Thursday May 17.The NEVs will be removed from the list of NEVs that are exempted from purchase tax, as no output or imports of those vehicles were seen as of the end of April 2018 from when...Read More
The first four months of 2018 were positive for the gold market. The price of the yellow metal has gained about 2 percent in that period. As one can see in the chart below, the rally started in mid-December. Chart 1: The price of gold in U.S. dollars in 2018 (London P.M. Fix). Gold bottomed at $1,240.9 on December 12, just as the FOMC meeting occurred, when the U.S. central bankers hiked the f...Read More