The fact that the market closed at $1513, below the weekly trend momentum of $1517, means that we are coming into the week bearish.This has activated the extreme below the mean level target of $1501.Since the market closed above the average price of $1501, it activates the targets above the mean of $1538 to $1562.If gold closes below the mean of $1501, it will activate a bearish trend momentum and...Read More
The junior mining sector provides a massive reward-to-risk proposition, if investors are able to separate the wheat from the chaff.RNC Minerals and McEwen Mining are what I'd consider the chaff of the sector, with high-cost production and significant laggards to their peer group.This article sheds more light on why the two companies are best to avoid.The junior mining sector provides tons of o...Read More
Here is what's new today on INK Ultra Money.1. There is always a bigger fish: a repo primer and overview of the premium Jeff Snider interview - Real Vision (free content)A quick take on repos madness and on Jeff Snider's premium interview, "The Monetary System is Broken" which is listed below. Looking at the recently roiling repo market, AK asks what it means for the economy at large. Snider: Th...Read More
"$GLNG - Golar LNG: Read The Annual Report Before Investing. Read more and get updates on any stock! https://t.co/qqtHgF2WA6 #investing #finance #markets"Read full newsRead More
Here are five Fastmarkets MB stories you might have missed on Friday October 4 that are worth another look.Flat steel import prices were caught once again in the continuous global downtrend during the past week, as market participants await for Chinese offers to resume after the Golden Week and material from other origins was sold at lower levels.It has been a hectic couple of years for LME c...Read More
Here are five Fastmarkets MB stories you might have missed on Friday October 4 that are worth another look.Flat steel import prices were caught once again in the continuous global downtrend during the past week, as market participants await for Chinese offers to resume after the Golden Week and material from other origins was sold at lower levels.It has been a hectic couple of years for LME c...Read More
Billet price declines have slowed while several new deals were heard in global markets, but sources wondered where the Chinese market would move following the National Day holiday, celebrated October 1-7, Fastmarkets was told in the week ended Friday October 4. Southeast Asia China's markets were closed for the week-long National Day holiday and will resume trading on Tuesday October 8. An increas...Read More
Billet price declines have slowed while several new deals were heard in global markets, but sources wondered where the Chinese market would move following the National Day holiday, celebrated October 1-7, Fastmarkets was told in the week ended Friday October 4. Southeast Asia China's markets were closed for the week-long National Day holiday and will resume trading on Tuesday October 8. An increas...Read More
Here are five Fastmarkets MB stories you might have missed on Friday October 4 that are worth another look.Flat steel import prices were caught once again in the continuous global downtrend during the past week, as market participants await for Chinese offers to resume after the Golden Week and material from other origins was sold at lower levels.It has been a hectic couple of years for LME c...Read More
Here are five Fastmarkets MB stories you might have missed on Friday October 4 that are worth another look.Flat steel import prices were caught once again in the continuous global downtrend during the past week, as market participants await for Chinese offers to resume after the Golden Week and material from other origins was sold at lower levels.It has been a hectic couple of years for LME c...Read More
Give Online @ https://kevinzadai.com/give/ORText To Give!1.Text to: 985-633-17722. Message Any Dollar Amount3. Click "SEND"Note: Follow the prompts to register. (First Time Only)The next time to give, simply text your donation to 985-633-1772. That's It!Links to Purchase my Books!https://kevinzadai.com/store/Read More
One of India's top three coal mines, Dipka normally produces 35 million tonnes of coal annually. However, a dramatic flood in which the nearby Lilagar River changed course led to large areas of the mine being submerged, with heavy machinery damaged.The mine's production is now less than half its normal level, and much of it remains underwater, according to operator Coal India. Local media reported...Read More
On Friday the Trump administration formally announced it will permit the leasing of over 700,000 acres of federal land in central California for new oil and gas development, ending a five-year prohibition on fracking in the state.The Bureau of Land Management has not leased any federal land for oil and gas exploration in California since 2013. That was when a federal judge ruled the agency violate...Read More
"It came with a speed and ferocity that left men dazed. The bottom, simply fell out of the market... The streets were crammed with a mixed crowd agonized little speculators, sold-out traders... inquisitive individuals and tourists seeking ... a closer view of the national catastrophe...Where was it going to end?" account of stock market crash in the New York Times, October 1929 "In this age...Read More
Dave KranzlerOn October 4th, as I expected would happen, the Fed announced that it was extending its overnight and term repo operations out to November 26th (the November 12th two-week term repo matures on the 26th).The Fed added 7 more 2-week "term repos, " plus a 6-day "term repo," with the next three operations upped to $45 billion. It extended the overnight repos until at least November...Read More
StrengthsThe best performing metal this week was gold, up 0.51 percent. Gold traders and investors are positive on future gold prices in this weeks' Bloomberg survey. For the first time in a month the gold bulls outnumbered the combined bearish and neutral responses. ETFs added 39,919 troy ounces of gold to their holdings on Thursday, marking the 14th straight day of inflows, according to Bloomb...Read More
COLORADO SPRINGS, CO, Oct. 07, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE - Gold Resource Corporation (NYSE American: GORO) (the "Company") today announced its Isabella Pearl gold mine, located in Mineral County, Nevada, has reached commercial production levels. This commercial production announcement is based on mining rates, ore placement on the heap leach pad, mining and process costs, p...Read More
By: Andy HechtStarting and June and through the beginning of September, gold and silver prices were back in bullish mode. Gold rose to its highest price since 2013 and silver to its peak since 2016. The nearby gold futures contract traded up to a high at just under $1560 per ounce. Silver peaked at just under $19.54. Markets rarely move in a straight line, and corrections can be healthy for bul...Read More
Avi Gilburt, Elliott Wave TraderAs the media highlights the potential impeachment process in the coming weeks, many are so concerned that this will be the "cause" of the market drop we are expecting. Yet, history suggests otherwise.The narrative will certainly play out as follows: The market likes certainty and stability within our government. (Please ignore that this was the same reason many cl...Read More
Dear Friend of GATA and Gold:Our friend C.W. wrote this week:"After reading recent commentaries noting that the U.S. Justice Department and Commodity Futures Trading Commission are overlooking the long-term suppression of the gold price while indicting individual traders for spoofing the gold and silver futures markets, I wondered why the authors did not acknowledge a simple likely explanation."...Read More