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PRICING NOTICE: Standardization of Fastmarkets' price names

June 22, 2019 / www.metalbulletin.com

Fastmarkets has standardized the names of our metals and minerals prices across our product suite for ease of use and greater transparency.The aim of this exercise is to make it as easy as possible for our licensed users to identify and use our pricing data. As of two weeks from the date of this notice, all Fastmarkets price names will follow this structure, where possible: commodity + product/gra...Read More

UK SCRAP: Light iron market drops in line with demand, exports

June 22, 2019 / www.metalbulletin.com

The light iron market has dropped ?5 ($6.35) per tonne in the UK over the past week, on slower domestic demand and a fall in European export prices, sources told Fastmarkets on Friday June 21.Fastmarkets' weekly price assessment for UK grade-5C ferrous scrap on an inter-merchant basis was ?80-100 ($102-127) per tonne on June 21, compared with ?85-105 per tonne previously. The move follows a ste...Read More

COT Gold, Silver and US Dollar Index Report - June 21, 2019

June 21, 2019 / news.goldseek.com

Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 274,63370,31056,655141,993365,848473,281492,813 Change from Prior Reporting Period 24,5194,434-3,1804,27426,10225,61327,356 Traders 20669685559290170 Small Speculators LongShortOpen Interest 52,35532,823525,636 3,3601,61728,973 non reportable positionsCha...Read More

Why are central banks buying gold and dumping dollars?

June 21, 2019 / news.goldseek.com

- Richard (Rick) MillsThe US Federal Reserve, the country's central bank, did what many expected on Wednesday, and held interest rates steady, while signaling that a rate cut is on its way. Despite pressure from President Trump to lower interest rates, the Federal Open Market Committee (FOMC) concluded after a two-day meeting that it will stay pat for now, meaning no change to the 2.25% to 2....Read More

Gold Bull Breaking Out!

June 21, 2019 / news.goldseek.com

Gold finally surged to new bull-market highs this week! Several years after its last bull high, gold punched through vexing resistance after the Fed continued capitulating on ever normalizing. This huge milestone changes everything for gold and its miners' stocks, unleashing new-high psychology fueling self-feeding buying. With speculators not yet all-in and investors wildly underdeploye...Read More

The Gold Bus has Left the Station

June 21, 2019 / news.goldseek.com

Summary: Gold closed at $1348 today according to Stockcharts but is now much higher at $1365 as I write this update. My two longer-term weekly charts on GLD show the potential for a massive upside breakout where price could really run hard & fast. My first chart is a 6 Year weekly showing a massive inverse Head & shoulders pattern that is ready to bust out to the upside of the inverse neckl...Read More

Precious Metals Update Video: Drone Thursday, Gold challenging resistance as it roars higher

June 21, 2019 / news.goldseek.com

By: Ira EpsteinDrone Thursday - 100% July Cut in Rates Priced in - Gold Market is responding to falling dollar, rates, FOMC, drones, safe haven buying roaring into the market.Gold roars higher:Read More

Potential Upside Targets for Gold Stocks

June 21, 2019 / news.goldseek.com

- Jordan Roy-Byrne CMT, MFTAGold has finally broken out to the upside.In Asia trading on Thursday, Gold exploded through the $1360 to $1370 resistance zone and was able to hold the gains throughout the day, closing above $1395/oz. As we pen this article, Gold has to chance to break $1400/oz by the weekend. The close of the month (and quarter) next week will provide an additional clue as to th...Read More

Gold's Big Leap Nears Key Resistance

June 21, 2019 / news.goldseek.com

Bullion's powerful rally this week has kicked this popular mining-stock vehicle into high gear. I haven't tracked it in quite a while but aim to do so now, provided it remains feisty and interesting. In that regard, GDX looks like it's about to ratchet up the interest-level, although not in a way we might have preferred. Notice that Thursday's energetic short-squeeze brought the ETF within inche...Read More

Asian Metals Market Update: June-21-2019

June 21, 2019 / news.goldseek.com

Apart from the technical, Iranian issue is also contributing to gold's rise. Momentum is bullish for gold and crude oil. Silver has a lot of potential to rise IF it tries to play catch up with gold. China is trying to mediate for a denuclearization of the Korean peninsula. Developments in Korea will not have any effect on gold or currency markets. One should look for signs of profit taking bef...Read More

WEEKLY SCRAP WRAP: Scrap prices fall on Turkish downtrend

June 22, 2019 / www.metalbulletin.com

Global ferrous scrap prices continued to trend downward over the week from June 17 to June 21, while falling Turkish import prices weighed on prices and buyer sentiment in other markets. Turkish import prices decline on oversupplyUS export prices continue downslideTaiwan, Vietnam prices fall but may rebound soonIndia prices dip on poor trading conditions Turkey Turkish mills booked three cargoes b...Read More

PRICING NOTICE: Standardization of Fastmarkets' price names

June 22, 2019 / www.metalbulletin.com

Fastmarkets has standardized the names of our metals and minerals prices across our product suite for ease of use and greater transparency.The aim of this exercise is to make it as easy as possible for our licensed users to identify and use our pricing data. As of two weeks from the date of this notice, all Fastmarkets price names will follow this structure, where possible: commodity + product/gra...Read More

Jim Willie discusses Trump, geopolitics, the economy and gold

June 21, 2019 / marketsanity.com

Jim Willie returns to SGT Report to discuss Trump, geopolitics, the economy and the four facts that show a gold standard - at at least three times the current gold price - is coming into view.Jim Willie is a statistical analyst in marketing research and retail forecasting. He holds a PhD in Statistics, and his career has stretched over 25 years. He aspires to thrive in the financial editor world,...Read More

Your Country is Being Harvested by the Banks | Rob Kirby

June 21, 2019 / marketsanity.com

Topics:- Gold & Silver had their best day in 7 years: will it last, or will they be collared again?- The reasons why Bitcoin is being allowed to run.- Geopolitical tensions and what you're not being told about Iran's startling history of the USD and culturaltakeover.- Facebook's attempt to take over banking as it did social media..- Globalist central banking's playbook for takeover and harvesting...Read More

Eric Sprott discusses the breakout in gold prices and how this will impact the mining shares over the months ahead

June 21, 2019 / marketsanity.com

Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric established Sprott Asset Management Inc. Over the years, Eric has personally been the recipient of numerous awards and honors, including one of Investor Dig...Read More

Schiff: July Rate Cut Probability = 100%

June 19, 2019 / marketsanity.com

Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More

CRITICAL! Refinery Explosion, Iran Air Strike Stopped. EXPECT ANOTHER FF. By Gregory Mannarino

June 21, 2019 / marketsanity.com

Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More

Marin Katusa: Gold Rockets Higher - Do You Own One of the Top 20 Gold Mines?

June 21, 2019 / marketsanity.com

Earlier this week, the European Central Bank Chief Mario Draghi - or as I like to call him "Super Mario" - outlined a possible fiscal stimulus plan in Europe. Gold rapidly moved higher off the news.Continue...Read More

Trudeau Declares Climate Emergency... Then Approves Major Oil Pipeline

June 19, 2019 / marketsanity.com

"This isn't an either/or proposition. It is in Canada's national interest to protect our environment and invest in tomorrow, while making sure people can feed their families today," Continue...Read More

Trump says he stopped Iran strike with just 10 minutes to spare because he was concerned about casualties

June 21, 2019 / marketsanity.com

"We were cocked & loaded to retaliate last night on 3 different sights when I asked, how many will die. 150 people, sir, was the answer from a General. 10 minutes before Continue...Read More

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