Dear Friend of GATA and Gold:Silver market rigging critic Ted Butler's new commentary details the capture of the commodity markets by derivatives employed by a small number of financial houses, thereby destroying market pricing. His commentary is headlined "Deliberately Looking Away," referring to the failure of the U.S. Commodity Futures Trading Commission and Justice Department to do anything...Read More
Gold surged dramatically in recent weeks, powering higher to a decisive bull-market breakout. Gold's first major secular highs in years have really improved sentiment, with bullishness mounting. But gold-futures buying fuel is largely exhausted, after the colossal amount expended to catapult gold back over $1400. That leaves this metal at high risk of suffering a major selloff, a healthy c...Read More
Dr. Marc Faber & Chris Waltzek Ph.D. - July 9th, 2019.*Thanks for supporting the show!Mp3 format. SummaryFrom his Thailand office, Dr. Marc Faber, a globally renowned economist and editor of the GloomBoomDoom report, returns with his outlook. According to Dr. Faber, the global economy is on the cusp of a recession. Investors are advised to batten down the hatches. A global / domestic economic...Read More
It's time to turn around and see the darkness that the Fed sees looming over you. Earnings season is already extending signs of recession with the first corporate reports coming in far darker than expectations that were already twilight dim in FactSet's estimations, which pegged earnings as likely to show a 2% contraction.Even the Fed sees problems ahead. Jerome Powell's speech to congress has...Read More
By: Ira EpsteinFed would rate keep the economy alive, Powell doesn't want to have a situation with low-inflation. Fed likely to cut rates in July. In the gold market, a pattern, where it is going nowhere:Read More
Gold has been strong since last September. If this is the second leg of the bull market begun in 2016, it could hold enormous opportunity for traders. Here's how to play it with call options.Video update:Read More
David HaggithThe bears that are gathering will soon enough be picking flesh off the sun-bleached bones of this market. Even the Fed Chair, who usually does all he can to avoid dismal pictures and to sound optimistic, is finally talking downcast about the US economy.Powell helps Trump Trade WarHe didn't do much, but Powell genuflected in Trump's direction, giving him a nudge where he needed it in...Read More
The three-month price of nickel on the London Metal Exchange continued to rise on Friday July 12, being up by 2.6% day-on-day at the close of trading to $13,470 per tonne.Nickel has outperformed the other base metals to finish the week up by 7.9% to its highest recorded level since August 2018. It continues to return toward the year-to-date peak of $13,765 per tonne it set on March 6.Market partic...Read More
Eastern China's hot-rolled coil prices continued to soften on Friday July 12, with traders continuing to make concessions to boost trading activity, though producers raised their offers.DomesticEastern China (Shanghai): 3,850-3,860 yuan ($560-562) per tonne, down 10-20 yuan per tonneNorthern China (Tianjin): 3,830-3,840 yuan per tonne, unchangedTransaction prices in Shanghai fell further during th...Read More
Interest for seaborne premium low-vol coking coal is picking up in China following recent price drops for such cargoes.A shipment of top-tier product scheduled for loading in August was traded at $191.50 per tonne cfr China, sources told Fastmarkets on Friday July 12.Prices for premium low-vol materials on a cfr China basis have fallen by around $6-7 per tonne since the beginning of this month. A...Read More
The three-month price of nickel on the London Metal Exchange continued to rise on Friday July 12, being up by 2.6% day-on-day at the close of trading to $13,470 per tonne.Nickel has outperformed the other base metals to finish the week up by 7.9% to its highest recorded level since August 2018. It continues to return toward the year-to-date peak of $13,765 per tonne it set on March 6.Market partic...Read More
Import pig iron prices in the United States picked up in the week ended Friday July 12 on reduced availability from the Commonwealth of Independent States, sources have told Fastmarkets.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US, was $360 per tonne on Friday, up from $350-355 per tonne a week before."There is deferred demand for pig iron in the US, while we [supplie...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
TradeCloud will launch a public round of their Switzerland-based Security Token Offering, the company said on Thursday July 11. Security Token Offerings are a fundraising channel through blockchain transactions but backed by real assets. In the case of the TradeCloud Tokens, they have utility and security features. The digital metals trading platform has set the new offering to run for three month...Read More
The three-month prices of base metals traded on the London Metal Exchange universally rose during the morning session on Friday July 12, buoyed by a slew of positive economic data released from China. China's trade balance, which tracks the monetary differential between a country's net imports and exports over a period of time, increased a significant 23% year on year to 345 billion yuan ($19.65 b...Read More
China's trade surplus with the United States in the first half of 2019 has increased as imports from the US have fallen by 25.7%, stoking fears thatPresident Trump will harden his position in trade talks with China. In his speech to Senate Banking Committee, US Federal Reserve Chairman Jerome Powell maintain a dovish stance and stated that the US economy is in a very good place but faced exte...Read More
Nickelinventories on the Shanghai Futures Exchange increased by 26% week on week as of Friday July 12 amid weak domestic demand and ample supply.Deliverable nickel stocks at SHFE-approved warehouses rose by 5,308 tonnes to 25,819 tonnes in the week to July 12. The largest inflow of nickel this week was registered at Zhongchu Dachang in Shanghai, with 4,264 tonnes of the metal entering its warehous...Read More
Base metals prices were mixed in the Chinese morning trading session on Friday July 12, with copper, zinc and tin all higher amid US dollar weakness and overall optimism followingUS Federal Reserve Chair Powell's dovish testimony, while aluminium and nickel both moved lower.The dollar index dipped by 0.02 to 97.03 as at 9.05am Shanghai time. "During Wednesday's testimony Fed Chair Powell...Read More
Steel sheet products prices showed little change in the United States during the week ended July 12, with market participants waiting for clearer cues after a second round of a $40-per-short-ton ($2-per-hundredweight) increases by domestic mills.Fastmarkets' weekly assessment for steel cold-rolled coil, fob mill US, was at $35 per cwt ($700 per ton) on July 11, unchanged from one we...Read More
Turkish prices for hot-dipped galvanized coil (HDG) increased over the week ended Friday July 12, with demand reported to be moderate in the local and export markets.Some bookings were heard during the week because buyers wanted to avoid paying more, with producers planning to raise their prices later in July.Coated coil producers intended to increase their prices because of price rises for Turkey...Read More