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Futures exchange operator renews discounts for secret trading by governments and central banks

March 08, 2019 / news.goldseek.com

Dear Friend of GATA and Gold:Market manipulation by governments and central banks is right out in the open again, hiding in plain sight in the confidence that mainstream financial news organizations, financial letter writers, and gurus who purport to bring "technical analysis" to bear on markets will avert their gaze.For as GATA's friend Jim Anderson of SD Bullion Inc. in Michigan pointed out th...Read More

Gold M&A

March 08, 2019 / news.goldseek.com

By: Richard Mills, Ahead of the herd On Monday Newmont Mining rejected a $17.8 billion hostile takeover by Canada's Barrick Gold. Speculation has been running wild over whether the two major gold miners would combine to make a $42-billion gold goliath three times the market cap of the nearest competitor, Australia's Newcrest Mining. We now know that deal is kaput. Newmont's board of directors...Read More

Precious Metals Update Video: Gold close to support?

March 08, 2019 / news.goldseek.com

By: IRA EPSTEINEU cuts back its growth forecasts. ECB update. Gold under a down thrust from a strong US Dollar. Inflation around the world not an issue right now. Gold on pause of this bear leg... Gold close to support?Read More

Northern Vertex Records Largest Gold Shipment to Date

March 08, 2019 / news.goldseek.com

March 8, 2019, Vancouver, B.C. - Northern Vertex Mining Corp. (TSX.V: NEE) (OTC Nasdaq Intl.: NHVCF) (the "Company" or "Northern Vertex") is pleased to announce a record shipment of an estimated 1,004 ounces of gold was sent from the Moss Mine, located in Northwest Arizona, to a third party refiner. These ounces were produced over a nine day period during late February, which represents a sign...Read More

Practical Prepping for Financial SHTF Scenarios

March 08, 2019 / news.goldseek.com

By: Stefan Gleason, Money MetalsPreppers - the sort of people who build bunkers, stockpile supplies, and bear arms - aim to survive "SHTF" scenarios.When war breaks out, when the power grid goes down, when the banks fail, when the U.S. dollar collapses, when social unrest spreads, when the stuff hits the fan... will you be prepared?Risks are rising.The Bulletin of the Atomic Scientists maintains...Read More

Trump's Trade War Tweets, Buybacks And A Short-Squeeze

March 08, 2019 / news.goldseek.com

By: Dave KranzlerSomeone last week suggested that Trump sees the stock market as the barometer measuring the success of his Presidency. I think his behavior, tweets, press comments, etc with respect to the stock market validates that assertion.The Dow trended lower all week last after Monday's close. Whenever the stock market faded from an early run-up or began a rapid sell-off, a Trump tweet o...Read More

The return to a gold exchange standard

March 08, 2019 / juniorgoldreport.com

Full Article: The return to a gold exchange standardBy: Alasdair MacleodThis article makes the obvious point that a return to a gold standard is the only way nations can contain the interest cost of servicing debt, given the alternative is inflationist policies that can only lead to far higher interest rates and currency destruction. The topic is timely, given the self-harm of American economic a...Read More

Gold: Keep Holding Long Deltas

March 08, 2019 / seekingalpha.com

Gold looks to be in the middle of its intermediate decline.We could bottom, though, earlier than many expect.The rally in the dollar is already losing momentum, which should be bullish for gold.We wrote about gold recently and stated that we believed the yellow metal had started its intermediate decline. We also have stated though that we believe it is very important for traders to keep some type...Read More

Strong Historical Probability of NG Long Trades Setting Up

March 08, 2019 / www.marketslant.com

Would you believe that March and April, historically, shows a 2 to 1 statistical probability of NG moving higher. Each of these months shows, historically, that NG has a strong potential for at least a $1.00 upside price move in both March and April. Only 1/3 of the historically testing time (23 years) did the price of NG actually decrease.How do we know this? We've built proprietary price m...Read More

Draghi Won’t Send a Rate Hike Gift to the Gold Bulls

March 08, 2019 / www.fxstreet.com

The ECB eased its monetary stance. It launched another round of cheap loans to banks and promised to keep interest rates unchanged this year. It means that Draghi will not hike during his presidency. What does it all mean for the gold market? ECB Unveils New Monetary Stimulus in Response to Slowdown The ECB left its interest rates unchanged. But it pushed out the timing of its first post-crisis ra...Read More

Gold breaches $1,300 mark as weak US jobs data dents dollar

March 08, 2019 / www.cnbc.com

Published 23 Hours AgoUpdated6 Hours AgoReuters Getty ImagesGold rose a percent to a one-week high on Friday, briefly breaching the pivotal $1,300 ceiling, as weak U.S. payroll data dented the dollar and risk sentiment, while also exacerbating a gloomy global economic picture.U.S. job growth almost stalled in February with the economy creating only 20,000 jobs amid a contraction in payrolls in co...Read More

LIVE FUTURES REPORT 08/03: LME base metals fall on poor US job stats, China data; Ni loses momentum

March 09, 2019 / www.metalbulletin.com

Base metals prices on the London Metal Exchange were collectively lower at the close of trading on Friday March 8, with most metals ending the week down despite strong fundamentals across the complex and continued market optimism over US-China trade resolution. Losing momentum over the afternoon, the three-month nickel price fell to just over $13,000 per tonne amid continued selling pressure. ...Read More

Gold clings to recovery gains above $1290

March 08, 2019 / www.fxstreet.com

European stocks post heavy losses on Friday. US Dollar Index retreats from multi-month highs. Coming up: February NFP report from the U.S. Following yesterday's drop to a 6-week low of $1280 on Thursday, the XAU/USD pair rebounded decisively on Friday and erased the majority of this week's losses. As of writing, the pair was trading at $1293, adding $7.5, or 0.6%, on a daily basis. The E...Read More

Gold steadily climbs to multi-day tops, beyond $1290 level

March 08, 2019 / www.fxstreet.com

   •  A fresh wave of risk-aversion trade underpins the commodity’s safe-haven demand.   •  A modest USD pull-back provides an additional boost and remained supportive.   •  Investors’ focus remains glued to today’s key release of the US monthly jobs report. Gold gained some positive traction on the last trading day of t...Read More

ECTP exits LME Malaysian warehouse operations in continued physical consolidation

March 09, 2019 / www.metalbulletin.com

Engelhart Commodities Trading Partners (ECTP), formerly known as BTG Pactual Commodities, has exited London Metal Exchange warehouse operations in Malaysia, according to an LME notice published on Friday March 8. The London-based commodity trader has been reducing its physical base metals trading operations since November 2018, liquidating aluminium stocks and cutting down its team of physical tra...Read More

Gold Technical Analysis: Corrective bounce likely

March 08, 2019 / www.fxstreet.com

Gold could see a corrective bounce above $1,290, as the 4-hour chart is showing signs of bearish exhaustion.  4-hour chart Multiple long-tailed candles near $1,280 support indicate seller exhaustion. That coupled with a bullish divergence (higher lows on the RSI) indicate scope for a corrective move higher to descending 10-day MA, currently located at $1,300. The probability of a corrective...Read More

SHFE STOCKS REPORT 08/03: Base metals stocks broadly lower; bar copper, zinc

March 09, 2019 / www.metalbulletin.com

Base metal stocks at Shanghai Futures Exchange-approved warehouses were mostly down week on week on Friday March 8, with lead leading the descent in percentage terms, while copper stocks registered a 4% gain. Deliverable lead stocks at SHFE-approved warehouses have fallen by 928 tonnes or 3.2% since March 1 to 28,427 tonnes as of March 8. Over the week to Friday, warehouse company Guochutianwei in...Read More

Tanzania threatens Acacia with closing North Mara over water pollution

March 08, 2019 / www.mining.com

Tanzania has given Barrick Gold-subsidiary Acacia Mining (LON:ACA) until March 30 to stop waste water pollution at its North Mara mine or face a shutdown, but the country's No.1 gold producer said Friday a brief spill affecting the operation has already been halted.The miner says the spill happened because sections of a pipeline used to carry water to a tailings storage facility were either vanda...Read More

ALUMINIUM FOUNDRY WRAP: 'Poisonous' market pushes premiums down in Europe, US

March 09, 2019 / www.metalbulletin.com

Aluminium foundry premiums in Europe and the United States remain under pressure this month due to continuing weak demand in the automotive industry. Foundry premiums in Germany fell 5% month on month and are down more than 16% from the start of 2019. In Germany, the premium for silicon 7 aluminium wheel alloys over London Metal Exchange cash prices delivered to the Ruhr region with 30-day payment...Read More

Crystal Lake hits mineralization at Newmont Lake in BC

March 08, 2019 / www.mining.com

Crystal Lake Mining's (TSXV: CLM; US-OTC: SIOCF) maiden drill program has uncovered a new copper discovery consisting of more than 20 mineralized zones at its 430 sq. km Newmont Lake project northwest of Eskay Creek in B.C.'s Golden Triangle.Last fall the company drilled 550 metres across four reverse circulation holes at the project's Burgundy Ridge target, hitting copper, gold and silver mineral...Read More

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