Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More

The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More

When the mid-cap index takes on 2,000, stocks tend to sell off hardStarting in early July, the S&P 500 Index (SPX) spent several long months churning sideways beneath a pair of round-number "pressure points" that proved extremely challenging to move past. The first of these was the "mega round" 3,000 millennium level, and the second was the 20% year-to-date return level at 3,008. Both of these wer...Read More

The metals market is an extremely emotional one. The highs and lows you see with metals traders are evident at each of the extremes. I think we are now approaching another extreme.Several months ago, back in early June, I notified those willing to listen that gold was preparing to “take off like a rocket-ship.” To my members of ElliottWaveTrader.net, I outlined my expectations for a st...Read More

Gold and silver stocks have held up decently during the correction in precious metals, which is now in its 3rd month. However, as we mentioned last week, the bugaboo has been the relatively high net speculative position in Gold, which has not changed much despite recent weakness in the sector. Technically Gold cracked last week and the downside momentum coupled with the relatively high net spec po...Read More

Global central banks have been pumping the liquidity spigots 24/7 and the US Fed is starting to go that way as well. This during a time of supposed economic splendor and fruitfulness (it is these contradictions that are the windows into a ginned up, leveraged economy dependent on monetary policy) while the S&P 500 breaks through the bull turnstile to blue sky. A real economy and real stock mar...Read More

…the financial systemexperienced some serious liquidity shortages in August 2007, and the Fedinjected funds to help keep financial markets operating effectively so thatthey would continue to support ongoing economic activityFederalReserve Bank of San Francisco, August 2007In August 2007, a credit crunchswept global markets forcing central banks to provide billions in emergencyliquidity to e...Read More

By: Avi GilburtThe metals market is an extremely emotional one. The highs and lows you see with metals traders are evident at each of the extremes. I think we are now approaching another extreme.Several months ago, back in early June, I notified those willing to listen that gold was preparing to "take off like a rocket-ship." To my members of ElliottWaveTrader.net, I outlined my expectations fo...Read More

Clint Siegner, Money MetalsThe recent price smash in precious metals is frustrating for goldbugs. It is even more infuriating for those who look at the fundamental reasons to own gold and silver and see prices falling anyway.That's why it's worth explaining once again the real purpose of the futures markets, where prices are set. Some recent revelations about Bitcoin futures will help.The CME la...Read More

By: Ira EpsteinFed's Powell speaking this week. Still a washout in gold, huge outflows from the market. Gold 3-days under Bollinger lower band..Read More

Cobalt hydroxide buyers' preference for spot and short-term procurement will persist, adding spot liquidity to the cobalt raw materials market next year, Fastmarkets understands. Chinese cobalt consumers demonstrated continued appetite to commit to long-term contracts during Antaike's annual International Nickel & Cobalt Conference in Yichang on November 5-6, which is an event where suppliers and...Read More

A summary of base metals premiums from across the globe for the week to Tuesday November 12.Please click...Read More

The three-month nickel price on the London Metal Exchange improved at the close of trading on Tuesday November 12, climbing by around 0.5% on high turnover, while the rest of the base metals complex struggled to close in positive territory.Nickel futures settled at $15,660 per tonne at the 5pm close on Tuesday, improving from an intraday low of $15,385 per tonne. Turnover was high, with just under...Read More

Seaborne iron ore prices rose above $80 per tonne cfr on Tuesday November 12 amid advances in the derivatives markets following news on production restrictions in China and Vale's lower sales target.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $81.48 per tonne, up $2.50 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $81.51 per tonne, up $2.50 per tonne.62% Fe low-alumina fines, cfr Q...Read More

Big downward corrections over the past few days in gold and silver have driven prices down to just above key support.We view both of these declines as opportunities to establish or add to long positions in anticipation of a volatile election year in 2020.With the world's central banks nearly out of ammunition, expect the next crisis to be far worse.Originally published on Nov. 8, 2019 Big down...Read More

Gold demand grew modestly to 1,107.9t in Q3 thanks to the largest ETF inflows since Q1 2016.Although central bank buying remained healthy, it was significantly lower than the record levels of Q3 2018.Technology demand for gold fell 4% as economic challenges remained, but the nascent 5G infrastructure helped to slow the decline in the important electronics sector.Surge in ETF inflows supports Q3 go...Read More

"Now look at the role of the Fibonacci fans coming from 2011's top. Here too, the movement has been more than perfect!" by Cyrille Jubert of CyrilleJubert.comOn this weekly silver chart dated 8/11/2019, first have a look at the Fibonacci's fans (in red), which fall from the 2011 peak.I erased those that have already been played, because my software crashes, when there is too much of them in lo...Read More

CIS billet producers managed to secure several deals at higher prices in North Africa in the past few days, but most buyers have remained in wait-and-see mode since the start of November.Ukraine's Metinvest returned to the market in November and sold a 25,000-tonne billet cargo with increased manganese content to a buyer in Libya in the past few days at around $405-407 per tonne cfr, sources told...Read More

Sharp falls in manganese ore prices in recent weeks have prompted widespread requests from buyers to renegotiate prices for deals already agreed, sources told Fastmarkets.Manganese ore prices have fallen as much as 22% in three weeks due to oversupply and high stocks, which have prompted aggressive bids from buyers.Fastmarkets' manganese ore index 37% Mn, cif Tianjin, dropped 10 cents to $3.25 per...Read More

Lifelong commodities trader Scott Evans has joined forces with a technology guru and a physical logistics specialist to co-found Cmdty, with the aim of creating a digital marketplace for physical commodities.Cmdty, which has already raised $10 million in its series A financing, plans to launch its pilot program in the first half of 2020. The goal is to use technology to streamline the physical com...Read More

The three-month nickel price on the London Metal Exchange continued to fall during morning trading on Tuesday November 12, with dip-buying yet to emerge against broadly high turnover across the complex. Nickel's outright price was recently at $15,410 per tonne, losing around 1% of Monday's closing price of $15,565 per tonne. Volumes traded in nickel were high over the morning, with some 4,300 lots...Read More

While investors and traders are still waiting for direction on China-United States trade talks, markets are reviewing their individual situations and adjusting accordingly.The two big movers have been the precious metals and nickel, both correcting lower as profit-taking and, or short-selling, set in, while the rest of the markets seem to be consolidating.With US President Donald Trump addressing...Read More