By: Dave KranzlerI sourced the chart below from a blog called The Macro Tourist. I added the title and the two yellow trend lines. The chart shows the daily price of gold since the inception of the bull market in 2000-2001. Last Friday (March 8th) gold popped $12 +/- (depending on the time from which you measure). I mentioned to some colleagues that "gold may be starting something special."The...Read More

By: Avi GilburtMany investors maintain beliefs about the stock market which often have them looking the wrong way at the market turns. In fact, I can no longer count how many comments I see about how the Fed is what directs our stock market action, and it just makes me scratch my head.The main argument by Fed watchers is that the Fed's easy money drives the stock market. Yet, the Fed's balance s...Read More

The broad averages have rallied from their Christmas lows almost as steeply as they got there in the fourth quarter. The first 2,000 points of the Dow's trampoline bounce took just seven trading days. At the time, we wrote that the trend would continue until even hardcore skeptics were convinced that new all-time highs were likely. That is what bear rallies are supposed to do. Well, another 1100...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

Mar. 15th, 2019(S14-E687)Featured GuestsCEO Ken Lewis &Bob HoyePlease Listen HereLIMITED OFFER - FREE $5 IN ONEGOLD DIGITAL BLOCKCHAIN EXCLUSIVELY TO GOLDSEEK.COM PATRONS!(Remember to say Goldseek Radio sent you!).ONEGOLD Inc. holds physical gold and silver metals at the Royal Canadian Mint through our friends at APMEX and Sprott.CEO of APMEX and founder of ONEGOLD Inc., Kenneth Lewis ret...Read More

A preliminary decision from a court in Brazil's Itabira city, in the country's southeastern Minas Gerais state, has ordered Vale to suspend activities at two of its tailings dams, following a request from the Minas Gerais state prosecutors' office, MPMG.Vale immediately complied with the decision, which affects the dams of Minervino and Cord??o Nova Vista, part of the Cau?? mine, the company said...Read More

The expectation for higher tender prices for chrome ore in April supported the prices for ore in China and for alloy in Japan and South Korea, Fastmarkets heard on Monday March 18. UG2 and Turkish lumpy ore prices rise Domestic alloy price climbs in China Alloy prices in Europe, Japan, South Korea increase Imported alloy prices stable in US, China.Prices for chrome ore imported into China and in C...Read More

The market for flat steel exports from the Commonwealth of Independent States (CIS) remained relatively unchanged at the start of this week amid low availability, sources told Fastmarkets on Monday March 18.Fastmarkets' weekly price assessment for CIS-origin exports of hot-rolled coil (HRC) was $510-520 per tonne fob Black Sea on March 14, narrowing from $500-525 per tonne fob Black Sea a week bef...Read More

Here are five Fastmarkets MB stories you might have missed on Monday March 18 that are worth another look.Bulk alloy suppliers are reporting increased prompt demand from British consumers amid concerns about potential supply disruptions when the United Kingdom leaves the European Union. A preliminary decision from a court in Brazil's Itabira city, in the country's southeastern Minas Gerais st...Read More

Gold has turned south from the descending resistance at 1306 and priced through the 1300 level to a low of 1298.34 so far, looking for a break below with sights set on 1280.  Price action likely limited until the Fed this week, but plenty of risk events on the cards to move markets.  Gold prices have been recovering from the 1280 lows but has so far been unable convince o the upside wi...Read More

The major gold miners are still struggling fundamentally. Their production shrinkage is accelerating, pushing costs proportionally higher. That led to weaker sales and operating cash flows in Q4.And, accounting profits cratered into a dark abyss on enormous and suspicious impairment charges by big gold miners involved in mega-mergers. These poor results are retarding GDX's upside potential.But sma...Read More

When the London Metal Exchange amended its policies related to its physical delivery network a few years ago, it overlooked one key thing. The issue centers on LME's linked load-in/load-out (LILO) rule, which operates by linking the amount of metal a warehouse loads in to the amount it is obligated to load out for warehouses that have queues of over 50 days.The rule changes were part of package of...Read More

After gold's plunge on Thursday, it made a comeback attempt on Friday. But that erased only half of Thursday's vigorous decline. The situation in silver and gold miners doesn't provide much ground for optimism either. The silent scream we wrote about in the Wednesday's Alert for our subscribers brought serious repercussions. Both immediately and step-by-step as in a trainwreck in s...Read More

Hilde Merete Aasheim has been appointed new president and chief executive officer of aluminium producer Norsk Hydro, effective May 8.She will succeed Svein Richard Brandtz??g, who steps down after 10 years as CEO.Brandtz??g, who became CEO of Hydro in March 2009, has been working in Hydro for 33 years and will remain with the company...Read More

Stocks extended their short-term uptrend on Friday, as investors' sentiment remained bullish following the recent advances. The S&P 500 index was the highest since the early October. But will the rally continue despite some short-term technical overbought conditions?The U.S. stock market indexes gained 0.5-0.8% on Friday, as investors' sentiment remained bullish following the recent rally. The...Read More

Revenue garnered from the United States' Section 232 tariffs - in place for almost a year - stood at $4.3 billion for steel and $1.4 billion for aluminium as of Thursday February 21, 2019, according to data from US Customs and Border Protection.While the blanket 25% steel tariffs imposed by US President Donald Trump's administration has helped US steel mills to reap record profits, restart id...Read More

The gold shares ETF is trading between my semiannual value level at $120.36 and the Feb. 20 high at $127.21.The commodities ETF is poised to pop if it holds its 200-week SMA at $15.78 upside to its 200-day SMA at $16.48.The long dollar ETF is trading between my annual pivot at $25.47 and my semiannual risky level at $26.39.Here are the daily charts for the gold, commodities and the dollar ETFs. Th...Read More

Published 23 Hours AgoUpdated10 Hours AgoReuters Leonhard Foeger | ReutersGold prices rose on Friday, recovering from the previous session's sharp fall, as the dollar dipped and mounting concerns about a slowdown in global economic growth boosted demand for the safe-haven bullion.Spot gold had gained by 0.33 percent to $1,305.11 per ounce, after shedding about 1 percent the day before. U.S. gold...Read More

In less than two weeks, the Zambian government is set to introduce a new series of tax measures: rocketing tax rates have prompted some copper producers to shut down their operations, while others have cut production and costs to keep their businesses running in the world's sixth largest copper producing country. A tax regime comprising a new sales tax and an increase in mineral royalty tax (...Read More

GOLD threatening further upside pressure nearer term as it closed higher the past week. The pair looks to move higher towards the 1,310.00 resistance zone in the new week. Further out, resistance resides at the 1,320.00 level where a break will aim at the 1,330.00 level. A turn above there will expose the 1,340.00 level. Further out, resistance stands at the 1,350.00 level. Its daily RSI is pointi...Read More