Just for fun because I am a chart guy who all too often bores you (and me) to death with ratio and indicator charts and all too seldom makes charts just for the fun of it anymore…So this long-term silver chart is just for the fun of it. What do we have here? A very long-term Cup & Handle; and boy what a handle. It killed the true believers years ago. I like that the 2011 (bubble) right...Read More
Hot Wednesday is behind us. We had both the Powell’stestimony to the Congress and the released minutes from the latest FOMCmeeting. The biggest yesterday’s winner is clearly gold. If you would like toknow why – and what situation the yellow metal is in currently – we invite youto read our today’s article! Powell Failsto Push Back Against Market Expectations of Rate Cu...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 306,10561,34262,529163,955442,371532,589566,242 Change from Prior Reporting Period -6,5977,586-9,1043,673-4,733-12,028-6,251 Traders 21375775964308187 Small Speculators LongShortOpen Interest 66,38832,735598,977 5,056-721-6,972 non reportable positionsCha...Read More
- Mike GleasonChairman Powell's testimony this week was closely scrutinized not just for its economic implications but also for its political overtones. Powell cited "trade tensions" as cause for concern about the strength of the global economy. He clearly seemed to be blaming President Trump's tariffs.But if the tariffs are what ultimately move the Fed to cut rates, Trump will have finally go...Read More
Dear Friend of GATA and Gold:Silver market rigging critic Ted Butler's new commentary details the capture of the commodity markets by derivatives employed by a small number of financial houses, thereby destroying market pricing. His commentary is headlined "Deliberately Looking Away," referring to the failure of the U.S. Commodity Futures Trading Commission and Justice Department to do anything...Read More
Gold surged dramatically in recent weeks, powering higher to a decisive bull-market breakout. Gold's first major secular highs in years have really improved sentiment, with bullishness mounting. But gold-futures buying fuel is largely exhausted, after the colossal amount expended to catapult gold back over $1400. That leaves this metal at high risk of suffering a major selloff, a healthy c...Read More
Dr. Marc Faber & Chris Waltzek Ph.D. - July 9th, 2019.*Thanks for supporting the show!Mp3 format. SummaryFrom his Thailand office, Dr. Marc Faber, a globally renowned economist and editor of the GloomBoomDoom report, returns with his outlook. According to Dr. Faber, the global economy is on the cusp of a recession. Investors are advised to batten down the hatches. A global / domestic economic...Read More
By: Peter Schiff, Chief Global Strategist of Euro Pacific CapitalWhile the willingness to abandon long held beliefs for political gain has always been a common trait among public figures, the spectacle has recently taken on shocking levels of casual audacity. The contempt for even minimal levels of intellectual consistency has allowed Kamala Harris to condemn Joe Biden for his past opposition t...Read More
It's time to turn around and see the darkness that the Fed sees looming over you. Earnings season is already extending signs of recession with the first corporate reports coming in far darker than expectations that were already twilight dim in FactSet's estimations, which pegged earnings as likely to show a 2% contraction.Even the Fed sees problems ahead. Jerome Powell's speech to congress has...Read More
By: Ira EpsteinFed would rate keep the economy alive, Powell doesn't want to have a situation with low-inflation. Fed likely to cut rates in July. In the gold market, a pattern, where it is going nowhere:Read More
Gold has been strong since last September. If this is the second leg of the bull market begun in 2016, it could hold enormous opportunity for traders. Here's how to play it with call options.Video update:Read More
David HaggithThe bears that are gathering will soon enough be picking flesh off the sun-bleached bones of this market. Even the Fed Chair, who usually does all he can to avoid dismal pictures and to sound optimistic, is finally talking downcast about the US economy.Powell helps Trump Trade WarHe didn't do much, but Powell genuflected in Trump's direction, giving him a nudge where he needed it in...Read More
The gold-to-silver ratio might move above & beyond 100 before silver makes any significant progress. Here's why...by TraderStef via CrushTheStreet (connect with TraderStef via Twitter or at TraderStef's website)In 1939, the "The Wizard of Oz" depicted Dorothy being swept away from her family farm in Kansas to the magical Land of Oz by a tornado. During her journey, she makes a few new friends to h...Read More
PERTH (miningweekly.com) – Diversified miner Rio Tinto has unveiled its latest tender from the Argyle diamond mine, in the Kimberley region of Western Australia, as the operation nears the end of its life cycle.The 64-diamond collection includes three Fancy Red diamonds and weighs a combined 56.28 ct.Advertisement“I am delighted to be at the Argyle mine for this exclusive world preview...Read More
The local mining industry declined by 10.8% in the first quarter of this year and the industry is on a huge cost-saving run, says bearings and power transmission products distributor Bearings International (BI) mining business development leader Shaun Combrinck.He tells Mining Weekly that BI is focusing on the products and services it has to offer the mining industry, as equipment being used at mi...Read More
China's trade surplus with the United States in the first half of 2019 has increased as imports from the US have fallen by 25.7%, stoking fears thatPresident Trump will harden his position in trade talks with China. In his speech to Senate Banking Committee, US Federal Reserve Chairman Jerome Powell maintain a dovish stance and stated that the US economy is in a very good place but faced...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 7 points in pre-opening trade.Index futures were virtually unchanged after the June Producer Price Index was released at 8:30 AM EDT. Consensus was an increase of 0.1% versus a gain of 0.1% in May. Actual was an increase of 0.1%. Excluding food and energy, consensus for the June Producer Price Index was an increase of...Read More
Are you planning a wedding for this year? Congratulations!Whether it's going to be one with hundreds of guests in a grand setting or something much more intimate... like a ceremony on the beach with a few close family members and friends... you have a lot going on now.What to wear, whom to invite, what to serve, where to go on a honeymoon are surely on your checklist.Furthest from your mind is wha...Read More
The Northern Miner presents the top-10, Canadian-headquartered royalty and streaming companies by market capitalization, as of early July 2018.1. FRANCO NEVADA$20.5B market capFranco-Nevada (TSX: FNV; NYSE: FNV) stands head and shoulders above the rest of the royalty and streaming pack, with a $20.5-billion market cap - or $3.5 billion higher than last year, and $6.5 billion more than its closest...Read More
If all goes according to plan in northern Chile, Teck Resources (TSX: TECK.B; NYSE: TECK) and its partners Sumitomo Metal Mining and Sumitomo will start commissioning and ramping up their Quebrada Blanca Phase 2 (QB2) copper project in the fourth quarter of 2021, with full production to follow in the second half of 2022.The QB2 project, one of the world's largest undeveloped copper resources, will...Read More