Aluminium and nickel prices ended higher on the London Metal Exchange on Wednesday November 7 but a 10-year low in zinc inventories fail to boost the metal's price. The three-month aluminium price reached an intraday high of $1,993.50 per tonne and remains the top performer. More than 11,900 lots changed hands by the close, more than copper's 11,700 lots.The three-month nickel reached an intraday...Read More

Today’s upside price move in gold, already up over $18 (+1.5%), sets up a real potential for a move to near $1300 before the end of November.  We have been advising our followers that a strong potential for an upside move in the precious metals markets was likely and that a potential move to above $1300 was in the works prior to the end of 2018. Global economic concerns and the fact tha...Read More

 CloseGain/LossGold $1226.30-$0.10Silver$14.56+$0.04XAU65.59-1.09%HUI145.87-1.33%GDM538.78-0.48%JSE Gold1113.84-23.48USD96.12-0.16Euro114.42+0.26Yen88.27+0.04Oil$61.67-$0.5410-Year3.222%+0.003T-Bond137.25-0.1875Dow26180.30+2.13%Nasdaq7570.75+2.64%S&P2813.89+2.12%  The Metals: Gold gained $9.50 to $1235.90 in London, but it then dropped back to as low as $1225.40 in New York...Read More

2018-11-07 07:50 ET - News ReleaseMr. Jared Lazerson reportsMGX MINERALS ANNOUNCES MANUFACTURING OF THIRD RAPID LITHIUM EXTRACTION OIL & GAS WASTEWATER TREATMENT SYSTEMMGX Minerals Inc. and its engineering subsidiary PurLucid Treatment Solutions Inc. have provided an update on manufacturing of the third petrolithium and advanced waste water treatment system. Manufacturing of nano-filtration membra...Read More

The current silver bottoming process isvery similar to that of 2001 to 2003. It took a while for silver to establish abase which set up the bull rally in the following years to 2011.The current bottoming has been longer, butit fits the profile of the early 2000 bottom in many respects. Below, is achart which show the similarity: I have marked the two patterns (1 to 5) toshow how they are similar....Read More

2018-11-07 08:01 ET - News ReleaseMr. Edgar Montero reportsCHEMESIS INTERNATIONAL INC. & RAPID DOSE THERAPEUTICS SIGN AGREEMENT TO BRING QUICKSTRIP ORAL THIN STRIPS TO PUERTO RICOChemesis International Inc. and Rapid Dose Therapeutics Inc. (RDT), a Canadian biotechnology company, which provides disruptive proprietary drug delivery technologies designed to improve patient outcomes, have signed an a...Read More

Key data from the Wednesday November 7 pricing session in Europe. Key drivers Recent downward trend in ferro-titanium has finally dragged down scrap prices. The trend started on September 12, when the market was assessed at $5.80-6.05 per kg.There is readily available alloy supply against moderate spot demand, with some buyers booking alloy through year-end. Some traders want rid of stocks to boo...Read More

This a technical look at the prospects for the Palladium price. This analysis was first made available to Patrons who support my work. So to get immediate First Access to ALL of my analysis and trend forecasts then do consider becoming a Patron by supporting my work for just $3 per month. https://www.patreon.com/Nadeem_Walayat. Technical AnalysisPalladium is clearly in a very strong bull market th...Read More

Latin American steel association Alacero has appointed M??ximo Vedoya as its new president on Wednesday November 7.Vedoya, who is the chief executive officer of Latin American steel group Ternium, will lead the association...Read More

Risk appetite is starting to confuse itself as broader markets struggle to pick a direction on US election results. Heaving US Treasuries and a Greenback in flux is seeing Gold struggle to maintain a firm hold in either direction. Gold has taken some wild swings in early Wednesday's trading session, alternating between spikes to 1,232.00 and drops into 1,223.00 as broader market sentiment wh...Read More

Gold still has support from equity market and political uncertainty.Rising interest rates are keeping a lid on gold prices, however.Latest show of immediate-term weakness in dollar index is constructive.The return of a "risk-on" stance among equity investors and rising Treasury yields continue to weigh against gold in the immediate term. As we'll discuss in today's report, however, not all the new...Read More

Trump is going to influence the US monetary policy or even to destroy the Fed’s independence. This is what many analysts say after the recent President’s comments. But are they right? We invite you to read our careful examination of Trump’s remarks about the Fed’s policy and find out what does it imply for the independence of the US central bank and the gold market. Trump...Read More

On Thursday, Mr. Draghi held a press conference. But the real thunderbolt hit on Monday, when Ms. Merkel announced that she would step down this year as a leader of her conservative party. Will that lighting make gold shine?Draghi Says That We Shouldn’t WorryLet’s start with the latest ECB’s monetary policy statement and the following Draghi’s press conference. In short, th...Read More

The latest news and price moves to start the Asian day on Thursday November 8.Aluminium prices ended higher on the London Metal Exchange on Wednesday November 7 but a 10-year low in zinc inventories failed to boost the metal's price. Read more in our live futures report.Here are how prices looked at the close of trading.The latest round of sanctions imposed by the United States on November 5...Read More

Last month in this space, I penned an essay titled "Are Silver and Gold 'at the Flood'"?. A few weeks later, two other essays on another widely-read site discussed this topic from the same perspective and sourcing – a case of "great minds thinking along similar lines"?Please take time to read or review that Money Metals Exchange Post of August 28.I made the case of a misalignment in the prec...Read More

As we have noted over the many years of the gold sector’s bear market, the gold miners will not rally for real until the real sector and macro fundamentals come into place. Those fundamentals do not include commonly promoted inflation, China/India “love” trades, a US dollar collapse or especially, war, pestilence or any other human misery than economic. The more astute gold bugs...Read More

The latest metal markets news and price moves to start the North American day on Wednesday November 7.Base metals on the London Metal Exchange pushed higher during morning trading, supported by a strong bounce in global equity markets, while the US dollar index lost ground after gains by the Democrats in the US midterm...Read More

Gold falls early in 2018.History tells us to be careful.Gold is waiting for silver to validate its strength.The rate hike is baked inside this gold bar.Levels to watch and a pair of products for short-term trading.The dollar index rose to a new high for 2018 on the final day of October when the December futures contract hit a peak at 96.980. The last time that the dollar traded at a higher level w...Read More

Gold and its miners’stocks have proven rare bastions of strength during recent weeks’ marketcarnage.  They are powering considerablyhigher while nearly everything else burns. The markets’ major sentiment shift is accelerating a young gold upleg,which ought to grow much larger as speculators and investors continue returning.  Their collective gold positioning remain...Read More

Good morning from Fastmarkets MB's offices in Asia as we bring you the latest news and pricing stories on Wednesday November 7.Base metals prices on the Shanghai Futures Exchange were down across the board during Asian trading hours, as skepticism once again washed over previous positive sentiment brought by Chinese President Xi Jinping's promise to open the country's economy to the world.Che...Read More