Gold is dodging bullets, as it comesincreasingly under fire from rising U.S. interest rates and a USD that ispoised to surge.Catching unsuspecting traders in yetanother bulltrap , gold’s early-week strength quickly faded. And with investorsunwilling to vouch for the yellow metal for more than a few days, therush-to-exit mentality highlights a short-term vexation that’s unlikely tosubsi...Read More
Commodity prices have remained in a prolonged downward trend since the price peak in mid-2008. Driven lower by a firming U.S. dollar (DXY) beginning in 2008-2011 and continuing until the present, the S&P GSCI Commodity Index has declined by about 80 percent over the last 13 years.The recent rally in the S&P GSCI Commodity Index (GTX) in 2020 appears to be a reaction to the DXY price weakne...Read More
All futures prices on the London Metal Exchange showed decreases of more than 3% at the close of trading on Friday February 26, with a mix of consolidation and profit-taking on the base-metals complex just a few days after they all rallied to new year-to-date highs.Lead and zinc's three-month prices were down by 5% and 3.4% respectively at the 5pm close, to $2,052.50 per tonne and $2,792.50 per to...Read More
Seaborne premium hard coking coal prices in both the fob and cfr markets edged down on Friday February 26 with most market participants, especially trading houses, taking a wait-and-see attitude.Fastmarkets indicesPremium hard coking coal, fob DBCT: $125.73 per tonne, down $1.27 per tonnePremium hard coking coal, cfr Jingtang: $218.55 per tonne, down $0.49 per tonneHard coking coal, fob DBCT: $119...Read More
Theeffort to squeezesilver shorts may appear to have fizzled, but naked short sellersare as vulnerable as ever.Silverfutures prices are entering backwardation. That is a bad omen for anyonebetting on lower silver prices.Backwardationhappens very rarely, but this condition has been a reliable indicator thathigher prices are on the way each time it has occurred over the past decade.Inthe futures mar...Read More
2020 was a stellar year for the precious metals, indeed one for the books. As the pandemic hit the global economies early in the year and governments around the world began to shut everything down and the printing machines began to print ginormous amounts of money out of thin air to save their economies from total collapse, gold jumped 24%, while silver jumped nearly 50%, over double that of gold....Read More
London Metal Exchange metals prices were all lower on Friday February 26, following a spike in US 10-year Treasury bonds and a higher US Dollar Index.Tin and copper futures prices fell from their recent highs amid profit-taking, while nickel dropped below $19,000 per tonne.Yields on the 10-year US Treasury bonds jumped to 1.6% on Thursday before drifting down to 1.43% on Friday morning, but the ri...Read More
The availability of silver is not the cause of the issue. It's the availability of silver at current prices...Samuel Briggs via KinesisWhy can't SLV source enough silver?Andrew Maguire explains why SLV can't source enough silver bars to meet demand.How will Basel III affect the COMEX?: 02:23?EUR
Has silver bottomed?(by Half Dollar) Most people are wrong most of the time.When I say that, of course, I'm excluding the Sheeple, because they're oblivious, and I'm not counting the Brainwashed Masses either, because, well, they're brainwashed, so really, I'm being generous with my statement.If I also exclude the Walmart Zombies, who somehow have nary a brain cell yet a license to drive an 850 po...Read More
Soaking up physical...By Matt from Silver Fortune via Silver FortunePSLV is soaking up physical. Read More
The silver COMEX is in stress...by Harvey Organ of Harvey Organ BlogFEB 25//USA 10 YR RATE CLIMBS OVER 1.50% TO 1.53% TRIGGERING MASSIVE LOSSES ON STOCK EXCHANGES: DOW FALLS 561 PTS NASDAQ FALLS 485.51/ GOLD DOWN $20.65//SILVER DOWN 21 CENTS//FINAL TONNAGE OF GOLD STANDING; 113.1 TONNES//SILVER OZ STANDING 12.020 MILLION OZ// ANDREW MAGUIRE: A MUST LISTEN TO VIDEO//CORONAVIRUS UPDATES/VACCINE UPDA...Read More
We could experience a short squeeze in the coming months. If we see a good move higher, that would probably be an excellent...Chris Vermeulen on Palisades Gold RadioTom welcomes Chris, founder of Technical Traders, back to the show. Chris explains his sector trading strategy and their approach to determining which sector and stocks to invest in next.To subscribe to our newsletter and get notified...Read More
New increased silver demand did push the silver price up to around $30 and no doubt it is likely some new Reddit silver investors...by Larry White of the Gold & Silver Education CenterIn early February 2021, silver made a lot news headlines. The so called "Reddit Crowd" had managed to run up the price of GameStop stock in a coordinated effort to force a short squeeze. This prompted all kinds of me...Read More
"...a gain of 1,880 contracts as we wait, till their game of "low price and no product" reaches its peak."by J. Johnson via JS MinesetGreat and Wonderful Thursday Morning Folks, The February Deliveries are over, with a day's rest before the next, with Gold down $13.10 with the trade at $1,784.80, near the London low of $1,779.70 with the high at $1,805 so far today. Silver is trading i...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou and Sybil Pan...Read More
All futures prices on the London Metal Exchange showed decreases of more than 3% at the close of trading on Friday February 26, with a mix of consolidation and profit-taking on the base-metals complex just a few days after they all rallied to new year-to-date highs.Lead and zinc's three-month prices were down by 5% and 3.4% respectively at the 5pm close, to $2,052.50 per tonne and $2,792.50 per to...Read More
Aluminium stock volumes in Shanghai bonded warehouses more than doubled in February 2021 on increased import activity due to a favorable arbitrage between London and Shanghai.A marginal decline was recorded in Shanghai bonded copper stocks over the month to Friday February 26, while zinc and nickel inventories both stayed flat.Aluminium stocks surge on open arbitrageFastmarkets assessed Shanghai b...Read More
Brazilian miner Vale has cut the forecast for its own copper production in 2021 to 360,000-380,000 tonnes, from 390,000 tonnes previously, because of new safety measures that could reduce machinery usage in its units, the company said on Thursday February 25.Output at Salobo, in Brazil's northern state of Par??, was expected to be the most significantly affected by the changes, which were estimate...Read More
A summary of the financial results for Chilean state-owned copper producer Codelco in 2020, as stated in its annual earnings report released on Friday February 26.In brief Copper production increased during 2020, despite the negative effects of the Covid-19 pandemic, due to higher processing rates and copper grades in mined ore, the company said. In 2021, Codelco expects a copper production of 1.6...Read More
The spot market for copper concentrate was little changed in the week ended Friday February 26, despite a flurry of lower bids and offers.Fastmarkets' copper concentrates TC index, cif Asia Pacific, was $35.80 per tonne on Friday, the same as a week before and the lowest price on records that go back to 2013.Several market participants cited a...Read More