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Gold Seeker Closing Report: Gold and Silver Continue Lower

November 06, 2018 / news.goldseek.com

 CloseGain/LossGold $1226.40-$4.10Silver$14.52-$0.12XAU66.31-1.24%HUI147.83-1.33%GDM541.35-0.52%JSE Gold1137.32-24.70USD96.28-0.06Euro114.16+0.05Yen88.23-0.18Oil$62.21-$0.8910-Year3.219%+0.018T-Bond137.28125-0.28125Dow25635.01+0.68%Nasdaq7375.96+0.64%S&P2755.45+0.63%  The Metals: Gold gained $5.40 to $1235.90 in London before it fell to as low as $1223.60 in early afternoon...Read More

Ex-Morgan trader pleads guilty to rigging monetary metals, implicates supervisors at bank

November 06, 2018 / news.goldseek.com

How did that "exhaustive" investigation of the silver market by the U.S. Commodities Futures Trading Commission miss this? How will the World Gold Council and most monetary metals mining companies continue to miss it? How many more anti-trust lawsuits will this prompt? Anybody seen Blythe Masters lately?* * *Former JP Morgan Trader Pleads Guilty to Manipulating U.S. Metals Markets for Years By H...Read More

Into Year End with Gold and Silver

November 06, 2018 / news.goldseek.com

By Craig HemkeIt has been an odd and frustrating year for COMEX Digital Gold and Silver. However, conditions exist that could drive prices back to unchanged or even slightly positive by year end. Let's begin by noting why and how this year got sideways on us. We were on the record stating that COMEX gold would break out of its 5-year "bowl" pattern by late 2018. Why did we think this? See the ch...Read More

Ira Epstein's Metals Video 11 6 2018

November 06, 2018 / news.goldseek.com

By Ira EpsteinAfter the election results we get the FOMC and then opportunity?https://www.iraepstein.com/ Read More

Gold Stocks Meet The Beach Boys

November 06, 2018 / news.goldseek.com

Graceland Updates By Stewart Thomson 1. US elections are here! 2. Please click here now. Double-click to enlarge this big picture chart for gold. 3. From both a technical and fundamental perspective, gold looks solid. 4. This chart suggests that whatever happens in the US election, it's going to be positive for gold.5. One of my biggest predictions for the...Read More

A Tale of Two Metals: One WAY More Valuable Than Gold, The Other Historically Undervalued

November 06, 2018 / news.goldseek.com

By Stefan GleasonGold is the metal of kings, the ultimate money, an eternal store of value, an untarnishable embodiment of beauty. Gold is all those things. But it is not the most valuable metal you can own on a cost-per-ounce basis.Often, platinum commands a higher price than gold. Lately, platinum has traded at an abnormally large discount to the yellow metal.Metals investors who want to hold...Read More

Blue or Red Wave? Or Maybe a Gold One?

November 06, 2018 / news.goldseek.com

Today, Americans are choosing new members of Congress. Will there be a blue wave? Or maybe red? Some people say that hot economy will help Republicans - is that true? Let's read out today's article about the latest US nonfarm payrolls and find out how could they affect the mid-term elections and the gold market. Hourly Earnings Jump Above 3 Percent U.S. nonfarm payrolls accelerated in Octob...Read More

Venezuela Seeks To Repatriate $550 Million Of Gold From London

November 06, 2018 / news.goldseek.com

CARACAS (Reuters) - Venezuela is seeking to repatriate about $550 million in gold bars from the Bank of England because of fears it could be caught up in international sanctions on the country, two sources with direct knowledge of the effort told Reuters.Source: ZeroHedgeVenezuela's hard currency holdings have dwindled as existing U.S. financial sanctions have effectively blocked President Nicol...Read More

Asian Metals Market Update: Nov 6 2018

November 06, 2018 / news.goldseek.com

COMEX FUTURES REPORT - Happy Kali PujaGold and silver should break free from the recent consolidation phase and form a new range. Copper and crude oil will be very volatile. I prefer to stay away from intraday trades in crude oil. No one knows what will be the effect on crude prices due to Iran sanctions. Risk traders should invest in crude oil for the year end with a stop loss below $58.30. T...Read More

Gold Seeker Closing Report: Gold and Silver Continue Lower

November 06, 2018 / news.goldseek.com

 CloseGain/LossGold $1226.40-$4.10Silver$14.52-$0.12XAU66.31-1.24%HUI147.83-1.33%GDM541.35-0.52%JSE Gold1137.32-24.70USD96.28-0.06Euro114.16+0.05Yen88.23-0.18Oil$62.21-$0.8910-Year3.219%+0.018T-Bond137.28125-0.28125Dow25635.01+0.68%Nasdaq7375.96+0.64%S&P2755.45+0.63%  The Metals: Gold gained $5.40 to $1235.90 in London before it fell to as low as $1223.60 in early afternoon...Read More

Port Hedland iron ore shipments shrink in October, prices rise

November 07, 2018 / www.metalbulletin.com

Iron ore exports from Western Australia's Port Hedland fell year on year and month on month in October, leading to tighter supplies of Australian material in the seaborne market and pushing prices above $75 per tonne cfr China.The port shipped 40.18 million tonnes of the steelmaking raw material last month, down by 2% from October 2017, according to data released by the Pilbara Ports Authority on...Read More

CHEMESIS INTERNATIONAL INC. SIGNS BINDING AGREEMENT

November 06, 2018 / juniorgoldreport.com

Chemesis International Inc. (CSI:CSE)(CADMF:NASDAQ), has made a bold and strategic move by acquiring 100% of La Finca Interacviva-Arachna Med.La Finca has access to over 1000 acres of outdoor cultivation land and is aggressively exploring opportunities to expand. Currently, La Finca has relationships with over 2,000 farming families across Colombia through various co-ops that comprise its land pac...Read More

GLOBAL VANADIUM WRAP: European market continues upswing, Chinese exports stall

November 07, 2018 / www.metalbulletin.com

Chinese export prices for ferro-vanadium and vanadium pentoxide have held steady over the past week due to lackluster activity, with domestic prices remaining more favorable, while the European markets continued to gain strength on increased activity, closing the gap to the Chinese market. Chinese export prices stall amid favorable domestic market EU FeV prices up slightly on increased consumer ac...Read More

WEEKLY BASE METAL PREMIUMS REPORT: 06/11

November 07, 2018 / www.metalbulletin.com

A summary of base metals premiums from across the globe for the week to Tuesday November 6.Please click...Read More

LIVE FUTURES REPORT 06/11: LME prices fall on US election uncertainty

November 07, 2018 / www.metalbulletin.com

Base metals futures prices on the London Metal Exchange fell sightly on Tuesday November 6 while uncertainty continued about the outcome of the mid-term elections in the United States and that country's trade relations with China.On Tuesday, three-month nickel was the only price to trade in positive territory, at $11,775 per tonne, up by $25 per tonne from Monday's closing price of $11,750 per ton...Read More

A Tale of Two Metals: One WAY More Valuable Than Gold, The Other Historically Undervalued

November 06, 2018 / www.fxstreet.com

Gold is the metal of kings, the ultimate money, an eternal store of value, an untarnishable embodiment of beauty. Gold is all those things. But it is not the most valuable metal you can own on a cost-per-ounce basis. Often, platinum commands a higher price than gold. Lately, platinum has traded at an abnormally large discount to the yellow metal. Metals investors who want to hold the most concentr...Read More

RUSSIA FLAT STEEL: Prices decline as demand falls back

November 07, 2018 / www.metalbulletin.com

Prices for hot-rolled (HR) and cold-rolled (CR) steel sheet in Russia's Central Federal District around Moscow have decreased over the past week, reflecting a slowdown in demand, sources told Fastmarkets.Fastmarkets' weekly price assessment for Russia-origin 4mm HR sheet was 40,000-40,500 roubles ($604-612) per tonne cpt Moscow on Tuesday November 6, including 18% VAT. This was down from 41,000-41...Read More

Gold Weekly: Set To Become In Vogue

November 06, 2018 / seekingalpha.com

Gold enjoyed a 2% rally last month amid a pretty volatile October.Speculators hold a very small net long position in Comex gold, CFTC data shows. ETF investors boosted their gold holdings, albeit at a moderate pace, according to FastMarkets.Although October lived up to its reputation for risk assets, investors did not rush into gold.Given the Fed's determination to tighten its policy, investors ar...Read More

ASIAN MORNING BRIEF 07/11: Base metals lose more ground on LME; Brazil's CSN negotiates slab supply before stoppage; Katanga suspends cobalt exports from DRC

November 07, 2018 / www.metalbulletin.com

The latest news and price moves to start the Asian day on Wednesday November 7.Base metals futures prices on the London Metal Exchange fell again on Tuesday November 6 while uncertainty continued about the outcome of the midterm elections in the United States and that country's trade relations with China. Read more in our live futures report.Here are how prices looked at the close of trading:Brazi...Read More

NORTH AMERICAN MORNING BRIEF 06/11: North American ali industry calls for quota-free tariff exemptions; bismuth output to drop; Tangshan to cut 18.59 mln t of capacity

November 07, 2018 / www.metalbulletin.com

The latest metal markets news and price moves to start the North American day on Tuesday November 6.London Metal Exchange base metal prices were little changed in morning trading on Tuesday November 6, with the market pausing for direction after taking heavy losses on Monday.Three-month copper price is down $13 against yesterday's 5pm closing price at $6,118 per tonne, while aluminium futures are...Read More

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