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

The Gold Miner correction was well earned, but it was not a bubbleEven today there is some pablum out there talking about how if inflation is good for gold it is especially good for gold miners. I will simply repeat once again that if gold usually does not benefit fundamentally by cyclical inflation (i.e. inflation promoted for and currently working toward economic goals) the gold miners never do,...Read More

The US dollar is the world’s reserve currency. That isn’t likely to change anytime soon.All currencies are substitutes for real money, i.e. gold.  And because all governments inflate and destroy their own currencies, any potential alternatives to the US dollar are as bad or worse.That doesn’t stop the dollar bashing, of course. In a general long-term sense, the condemnation...Read More

The federal government isspending and redistributing newly created cash so rapidly, it’s becomingdifficult to keep track of which trillions are going where.This week, President JoeBiden will pitch a $3 trillion “green” infrastructure package. That’s on top ofthe $1.9 trillion economic “relief” bill he recently signed into law.Next month, Biden isexpected to roll...Read More

Positions in the USDX are shiftingfrom shorts to longs, so gold investors should look closely. Why? Because it’san inverse relationship.We’ve discussed the negative correlationbetween the dollar and the precious metals many times before, but it can neverbe discussed enough, particularly as the situation develops and the outlook forthe USD Index becomes more positive.Once the USD Index...Read More

Precious Metals have continued to slide sideways as the US stock markets have rallied into the FOMC meeting last week.  Not by coincidence, metals have continued to base/bottom near recent lows as concerns about the global debt/credit markets, central banks, and precious metal supplies continue to linger.  The US Fed indicated it will do whatever is necessary to support the recovering ec...Read More

Another day, another reversal – and a positive one forstocks. Universal sectoral weakness gave way to a unison rebound amidconstructive outside markets. After weeks of on and off fits over rising Treasuryyields, S&P 500 ran into headwinds on their retreat, and recaptured itsluster yesterday as long-dated Treasuries (TLT ETF) rolled over to thedownside. I guess nothing boosts confidence a...Read More

Many analysts expect silver to outperform gold this year. It’s possible, but investors shouldn’t count on improving economic conditions and industrial demand.Silver has recently become a hot investment theme. For months, if not years, some analysts claimed that silver is undervalued relative to gold. Then, at the beginning of 2021, Reddit revolutionaries tried to trigger a short squeez...Read More

While everyone was paying attention to the FOMC, Gold & Silver, and the Treasury Yields, it appears the recent commodity rally trend took a big hit on Thursday, March 18, 2021.  Our guess is that the FOMC statement did nothing to support the continued commodity price rally as the US Fed continued with near-zero interest rates and economic support through 2023.  The rally in commoditi...Read More

Peter Krauth, editor of Gold Resource Investor, looks at the Fed's actions and what they augur for gold. This week Fed Reserve Chair Jerome Powell spoke at the "Innovation Summit" hosted by the Bank for International Settlements.During his talk, he dissed Bitcoin and cryptocurrencies saying they were "…highly volatile and therefore not really useful stores of value, and they're not backed b...Read More

Both Powell and Yellen testified before Congress. They sounded upbeat on the U.S. economy, but gold’s reaction was weak.What a combo! Both Fed Chair Jerome Powell and the U.S. Treasury Secretary Janet Yellen testified before Congress this week. They spoke about the economic response to the economic crisis caused by the Covid-19 pandemic and the Great Lockdown .In his prepared remarks , Powel...Read More

 The mining ETFs (the GDX and GDXJ) have hitresistance and look tired. After their corrective rally, a slide lookspromising.  The miners are done correcting and if theywere at a water amusement park, would they head for the lazy river? How aboutthe wave pool? Nah… they’d be headed straight for the slides.  If you’ve been waiting for a high-qualitysign that the nex...Read More

The globalist push for central bank digital currency is ramping up.On Monday, Federal Reserve Chairman Jerome Powell spoke at a virtual "Innovation Summit" hosted by the Bank for International Settlements, the central bank for central banks around the world.Powell aimed his remarks specifically at digital currencies. And he made it clear that Bitcoin and other privately circulating crypt...Read More

India is stepping back from importing ferrous scrap and aiming to become a more self-sufficient steelmaker. But what issues led to this change of tactics and how will it affect global scrap trade flows? Fastmarkets investigates. The global scrap market is currently under pressure from a variety of challenging conditions, from a Covid-19-related shortage of shipping containers, to port delays and r...Read More

Base metals prices on the London Metal Exchange edged lower during morning trading on Friday April 9 in low-volume trading conditions. The three-month copper price dropped back below $9,000 per tonne this morning, down by $60.50 per tonne to $8,947.50 per tonne.The red metal hit a two-week high of $9,104 on Monday but there have been steady deliveries of copper into LME warehouses over the past fe...Read More

Base metal stocks in Shanghai Futures Exchange-registered warehouses continued to diverge in the week to Friday April 9, with lead inventories rising the most with a 14% increase, while the rest were little changed, according to the exchange's latest stocks report.Lead stocks totaled 52,752 tonnes on Friday, an increase of 6,491 tonnes from 46,261 tonnes a week earlier.Zhejiang Tianchuan warehouse...Read More

Export prices for Brazil-origin slab have increased amid high offers to the United States, where demand for the semi-finished steel is strong and flat steel prices are near record highs.Fastmarkets' weekly price assessment for steel slab, export, fob main port Brazil was $850-870 per tonne on Friday April 9, up by 8.18% from $780-810 per tonne the previous week. Early in the week, compan...Read More

Major global steel scrap markets have started to level off in recent days following sharp increases in the preceding few weeks.High supply hits Turkish import market again US export prices rise in sales to Turkey Vietnamese import prices keep rising despite calmer steel markets Chinese buyers re-enter market for bulk cargoes at higher prices Taiwan import prices stabilize following recent rises In...Read More

Aluminium primary foundry alloy (PFA) premiums in Europe surpassed their all-time highs on Friday April 9, while the US premium soared to its highest level in nearly 21 months.EuropePremiums for aluminium primary foundry alloy hit their highest levels since Fastmarkets started tracking the market in 2015, bolstered by rising P1020 premiums and logistical complications that have forced growing numb...Read More

Base metal futures prices roundly dropped day on day on Friday trading in London but ended largely higher than the week while markets continue to digest mixed news out of China and the United States.At $2,264 per tonne, the three-month aluminium price was down by 0.94% against Thursday's 5pm close but was up 1% against Tuesday's market open of $2,240 per tonne.The three-month copper price closed a...Read More

KAZ Minerals will be taken private after acquirer Nova Resources received enough shareholder votes to accept its $5.6 billion offer for the company.As of 1pm on April 9, Nova Resources - a vehicle backed by KAZ Minerals chief executive officer Oleg Novachuk and Kazakhstan's richest man, Vladimir Kim -owned or had had offer acceptances for shares representing 89.17% of the company at 850 pence ($11...Read More