Who wouldn’t know the Spaghetti Western The Good, the Bad and the Ugly? In today’s analysis, we have important pieces of economic data starring in the first two roles. Retail sales and industrial production rebounded in May, while the Empire State Index plummeted in June. How will these reports affect tomorrow’s FOMC decision and the gold market? The GoodFriday brought us some go...Read More

What stands out from the long-term chart is that Silver tends to be pretty much dead for most of the time, only really coming alive towards the later stages of precious metals bull market manias when everyone begins piling in just before the bubble pops! Which is a warning not to get carried away with fantasy targets for Silver but try and keep things real by focusing on what silver has done in th...Read More

The Amount of Dollars in ExistenceSilver is currently trading around $14.84 anounce. This is around 30% of its 1980 all-time high of $50. However, this is anincomplete representation of what silver is really trading at, relative to USdollars. When you look at the silver price, relative toUS currency (the amount of actual US dollars) in existence, then it is at itslowest value it has ever been (see...Read More

The export market for hot-rolled coil and cold-rolled coil from the Commonwealth of Independent States (CIS) has weakened during the week ending Tuesday June 18 amid slow market demand.Fastmarkets' weekly price assessment for HRC exported from the CIS was $470-485 per tonne fob Black Sea on June 18, moving down from $475-490 per tonne fob on June 10. "Demand is weaker than expected after [the Isla...Read More

The company's drug to reverse blood thinner was well-toleratedBiotechnology concern PhaseBio Pharmaceuticals Inc (NASDAQ:PHAS)unveiled impressive preliminary data from a mid-stage study of its PB2452 therapy, used to reverse the effects of antiplatelet agentsin patients over 50. The drug was found to be generally well-tolerated with only minor adverse events. As such, PHAS shares are trading up 10...Read More

Kroger will report earnings before the open on Thursday, June 20Grocery giant Kroger Co (NYSE:KR) is set for its first-quarter earnings report before the open on Thursday, June 20. We'll take a look at the stock's earnings history below, as well as how analysts and options traders have been lining up.At last check, Kroger stock was up 0.1% to trade at $24.39, shaking off a price-target cut to $24...Read More

ECB President Mario Draghi said the bank could cut rates again and President Trump isn't happyFutures on the Dow Jones Industrial Average (DJI) are trading above fair value, after stocks notched a slim victory to start the week. The focus remains on the latest central bank buzz, as the Federal Open Market Committee (FOMC) begins its two-day policy deciding meeting today. Meanwhile, European Centra...Read More

Here are five Fastmarkets MB stories you might have missed on Tuesday June 18 that are worth another look.Chilean state-owned copper producer Codelco is running its Chuquicamata division at half capacity, due to strike action by three unions at the site in northern Chile. GFG Alliance, the parent of Liberty Steel USA, is open to possible mergers, a top company executive told attendees during a key...Read More

The RSI for NUGT topped out north of 74 on an intraday basis last FridayThe Daily Gold Miners Index Bull 3X Shares (NYSEARCA:NUGT) is one of those leveraged exchange-traded funds (ETFs) that you've no doubt been warned about before. Although NUGT targets daily investment results equivalent to 300% the performance of the NYSE Arca Gold Miners Index (GDM), those leveraged returns tend to warp in une...Read More

Whata remarkable day Friday has been! Going into the U.S. session open, we haveseen gold challenging its early-June highs. The barrage of geopolitical newshas been deafening and gold had literally nowhere to go but up. But something“unexpected” yet totally predictable happened to those who have jumped on thegold bandwagon. Friday’s U.S. session has sent gold lower. On huge volume...Read More

A simple way to stop picking losers, and start cashing in like Wall Street's elite.Most traders would never believe that 9 out of 10 trades could be winners.But while it may sound impossible, thanks to a research breakthrough, it may not be as far-fetched as many think.JPMorgan's trading desk produced a 99.52% win rate from 2013 through 2017. That includes 2 straight years without a losing day....Read More

How you can transform lagging indicators into leading indicators.For hundreds of years, since the first stock exchange opened its doors, every trader has been looking for an edge... Some way to predict what will happen next... And hopefully collect a fat "paycheck" at the end of the road.From Bollinger bands to momentum oscillators, technical indicators have been at the forefront of this constant...Read More

- Dave Kranzler"Shanghai Gold will change the current gold market with its 'consumed in the East but priced in the West' arrangement. When China has the right to speak in the international gold market, the true price of gold will be revealed." - Xu Luode, Chairman, Shanghai Gold Exchange, 15 May 2014The price of gold has jumped 5.8% in a little over 3 weeks. This is a big move in a short peri...Read More

By Avi GilburtWhile some of you may be too young to know who Stan Laurel and Oliver Hardy are, they were a comedy team from the late 1920s until the 1940s. They appeared in 107 films, starring in 32 short silent films, 40 short sound films, and 23 full-length feature films. And, probably for many of you, they are unknown.But, one of the most popular lines from this comedy team was when Oliver Ha...Read More

By: Ira EpsteinGold consolidating gains?Read More

Click Chart to enlargeI am resuming bitcoin coverage and will treat it as nothing special, since that's the best way to be objective when reading its charts. The one shown provided two good opportunities to get long 'mechanically' at 7481, so we'll assume that its target at 10,026 will prove just as useful as a minimum upside objective. We'll talk about buying a pullback to the red line (p=833...Read More

There can be big one way moves in gold and silver anytime. Short term traders and investors are on the sidelines. Gold short sellers are waiting for an opportunity. It remains to be seen if they fail this week. Cautious optimism in gold for now. Physical buyers of gold will be on the sidelines. In the next three weeks, there are various risk. (a) 18th June and 19th June is the FOMC. (b) 28th Jun...Read More

Detour Gold (DRGDF) should produce outsized returns in a rising gold price environment.The company's high "gold beta" provides gold price leverage.At today's gold price and FX rates, Detour Gold is poised for 20%+ returns. Investment Thesis: A handful of GDX producers have returns that are exceptionally sensitive to the gold price. We prioritize one company, Detour Gold (OTCPK:DR...Read More

Base metals traded on the London Metal Exchange had all closed up by the afternoon kerb on June 18 after the potential US Federal Reserve interest rate cuts inspired a bullish sentiment. The optimism for the complex may be short lived however, because market consensus has already deemed this flurry of activity as a short-covering exercise before the US Fed and Federal Open Markets Committee (FOMC)...Read More

The dollar plays a direct role in the fate of gold.There is a steady inverse correlation between gold and the U.S. real interest rate.Let's look at gold, assuming that its price is a function in which the independent variables are the U.S. dollar index and the level of the U.S. real interest rate.A week ago, I published an article about gold, in which I pointed out that there are not enough driver...Read More