Quitea few journalists wrote about gold’s breakout in the previous days even thoughgold made an attempt to break above the key resistance – the mid-2013 high –only today (and it failed). At the same time, when the gold to silver ratio wasbreaking out in a clear way, many journalists ignored that and emphasized theimportance of the resistance at hand. Either way, the focus was not...Read More

Activist shareholders John Paulson and John Hathaway will demand performance or a sale of the company.Stock price has gone nowhere the past 5 years under previous management.New CEO experienced in driving down production costs.Stock price has surged 59% from $7.82 on Dec. 19 announcement of new board members to $12.44 (today).Detour Gold (OTCPK:DRGDF) stock price has gone nowhere fast under the pr...Read More

Open interest in Gold futures on the COMEX bottomed at 430k contracts on April 30.From a technical perspective, Gold is clearly extremely overbought according to several indicators and across multiple time frames.Silver is likely to fall too, but I expect it to outperform Gold both on the upside and the downside given its superior technicals, sentiment, and positioning data.By David Brady, CFA Ope...Read More

Treatment charges (TCs) on copper concentrates are marginally lower this week because of further aggressive bids from traders on third-quarter tonnages despite fresh spot supply from the Cobre Panama greenfield project.Fastmarkets' Asia-Pacific TC/RC index dropped to $52.4 per tonne/5.24 cents per lb on Friday June 28, its lowest since the index was launched in June 2013. It was $53.5 per tonne/5....Read More

A major breakdown is in progress for the USDollar index. It has broken its intermediate uptrend which began in April 2018. Eighteen months of official rate hikes and tremendous hidden activity with derivative bond purchases, which obscure the absent USTreasury Bond buyers, have finally weighed on the King Dollar. The USEconomy suffers from 20 key breakdown signals, about which the lapdog press r...Read More

Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 298,10861,55459,841160,228420,378518,177541,773 Change from Prior Reporting Period 23,475-8,7563,18618,23554,53044,89648,960 Traders 20775745660287189 Small Speculators LongShortOpen Interest 59,42835,832577,605 7,0733,00951,969 non reportable positionsCh...Read More

The gold miners' stocks just blasted higher to a major decisive breakout this week! Driven by gold's own huge bull-market breakout, the gold stocks surged well above vexing years-old upper resistance. The resulting new multi-year highs are a game changer, starting to shift long-apathetic sector sentiment back towards bullish. This will increasingly attract back traders, with their buying u...Read More

- Gary Tanashian, NFTRHYou may know me as the......guy.The guy using the planets of an imaginary gold sector Macrocosm with proper fundamentals that are decidedly not imaginary but rather, are necessary to call a real bull phase or even bull market. By managing a strict set of macro and sector fundamental inputs (to the sound of crickets and little else in the sector) NFTRH and its subscribe...Read More

By Avi GilburtThis article was first published on Sat Jun 22 for members of ElliottWaveTrader.net: With the break out we experienced this past week in GDX and GLD, it has certainly placed a bullish spin on the complex. And, while it was a very difficult 3-year wait, which has likely chased out many an investor due to frustration, the market looks like it will reward those with patience.Yet...Read More

By: Ira EpsteinGold technical update -- preparing for the G20, China and more:Read More

- David Haggith President Trump stated on Wednesday that a war with Iran will be fast and easy. Let's hope that means faster and easier than the trade war with China has turned out to be, now a year long and getting worse.We're in a very strong position if something should happen. I'm not talking boots on the ground. I'm just saying if something would happen, it wouldn't last very long.Reute...Read More

Key data from the pricing sessions in Asia, Europe and the United States for the week ended Friday June 28.China China's domestic ferro-chrome spot price weakened again after some suppliers cut offer prices further to attract buyers. Chinese stainless steel mills remained wary of restocking citing ample stocks at plants.The imported charge chrome ferro-chrome index was stable in a week of low acti...Read More

In the precious metals arena these days, gold and the related exchange traded funds are getting plenty of attention and rightfully so. Though it was flat Thursday, the iShares Gold Trust IAU, +0.15% is up 10% this month and is one of several gold ETFs that has recently been flirting with or hitting 52-week highs. The $13.23 billion IAU is one of the largest gold ETFs in the world and holds over 9....Read More

European stainless steel prices were unchanged this week but decreases are expected because of lower monthly alloy surcharges for July, sources told Fastmarkets on Friday.European mills have announced alloy surcharges for July at lower levels compared to June because of decreased Nickel costs. Fastmarkets' alloy surcharge for July deliveries of grade-304 cold-rolled stainless sheet is set to fall...Read More

Last week, gold spiked above $1,400/oz - a move driven by a change in the U.S. Federal Reserve's (Fed's) outlook that increases the chances for a series of rate cuts to stimulate both the economy and inflation.The U.S. stock market's blind faith in the Fed's policies is pushing the market back to its highs.The range-bound gold market of the past six years has brought a lack of inte...Read More

Global ferrous scrap prices ended the downtrend during the working week from Monday June 24 to Friday June 28, with Turkish mills returning to the market for August shipment deep-sea cargoes, bringing a positive sentiment to the market. Turkish import prices increase sharply on resumed buyingUS export markets remain weak with sales from West CoastCheaper Japanese scrap to limit US imports into Asi...Read More

Just because the price of gold goes higher, doesn't mean gold is ready for liftoff.U.S. Mint sales are still lagging. Gold dealer sales are still lagging.Faith in the Fed, Trump, Stocks, et al not helping gold.Silver needs to lead if we are ready for liftoff. It's not. Why?National Debt and Budget Deficits are irrelevant to gold. What's the Fed doing?I have been following gold for a lo...Read More

Despite the pullback, the gold rally isn't over just yet, and one expert is forecasting that prices will rise to around $1,480 an ounce in the next two months. "This move is just getting underway, and we're going to make another leg up to about $1,480 in the next two months," Bill Baruch, president of Blue Line Futures said on Thursday. The trader said that the combination of deteriorating global...Read More

The Fed lights the fuse.Gold breaks out to the upside on the long-term chart.Gold is rallying in all currencies.UGLD magnifies the price action in gold.I find that for me, being a history buff makes it almost impossible not to be a believer in the metal that has been a fixture and sign of value and wealth since ancient times. I am a gold bug and have been since I first started in the commodities b...Read More

Gold blasts off to the upside.Silver rallies, but lags.The ratio is almost at the all-time high.Volatility remains low in the silver market.USLV could go parabolic.Gold made a move; now, it should be silver's turn. The silver market can be an enigma wrapped in a riddle. While many market participants are suspicious of the price action in the silver market, I always assume that the current market p...Read More