Simply put, the road to reaching net zero begins and ends with copper. All infrastructure built to support renewable energy uses large amounts of copper, as the metal is a highly efficient conductor of electricity and heat.To keep the energy transition going, millions of feet of copper wiring will be required for strengthening the world’s power grids, and hundreds of thousands of tonnes more...Read More

The white metal is priced for aneconomic outcome that’s unlikely to materialize. AI OptimismWith liquidity-fueled assetsoutperforming in 2023, they’ve decided that QT and higher interest rates arenot going to spoil their party. Moreover, with silver and goldalso liquidity beneficiaries, they have adopted similar attitudes.However, while the gambit can persist in the short ter...Read More

Gold-stock technicalsare dramatically improving, turning increasingly bullish.  After slumping to major support zones in thesummer doldrums, the gold miners’ stocks have surged sharply in the past coupleweeks.  That strong advance has achieveda decisive breakout above the main gold-stock benchmark’s key 50-day movingaverage.  Similar breakouts in recent yearshave heralde...Read More

The World SilverSurvey is an annual report published by The Silver Institute since 1990. Itprovides market participants with supply and demand statistics for criticalsectors of the silver market, along with price and trade data.The 2022 World SilverSurvey reported a global silver deficit of 154 million ounces, the mostsignificant since 2015. The 2023 World Silver Survey reported a global silverdef...Read More

The markets just assumed a dovish U-turnin interest rates, thinking that the inflation problem is handled. The below chart features the inflation that’s expected inone year. Yes, you see it correctly.The market expects the inflation to moveto about 1.31% in one year.A bit over 1% in one year… Really?!Here’s the recent CPI (YoY) reading: Long RoadAhead for Inflation Reductio...Read More

As anxiety grips the white metal, is aretest of the 2023 lows or highs more likely? With the Fed’s hawkish crusade helping tosuppress gold, silver, and mining stocks, the permabulls have gonefrom loud to quiet. Moreover, with resilient demand supporting inflation andkeeping the pressure on the Fed, we warned on Mar. 31, 2022, that consumerspending would cause problems for the centr...Read More

Yesterday’s FOMC and the following press conference were groundbreaking. Rates stayed, but Fedsaid about raising them twice this year = no U-turn!This is a game-changer because so manyinvestors were still believing in a quick, dovish U-turn. And those dreams werejust dispelled. The fact that rates were not hiked yesterday doesn’t matter asmuch as the fact that their expected future pat...Read More

Approximately 12 years ago, I wrote my first public market prognostication and it was focused on gold.At the time, gold was enjoying a parabolic rally, and the discussion amongst the general public was how far past the $2,000 mark gold was going to strike during that rally. So, on Aug. 11, 2011, I concluded my first gold articleas follows:"Again, since we are most probably in the final stages...Read More

What if bitcoin just topped? What doesit change for the price of gold going forward, if anything?Many years ago, people wanted to buy goldbut didn’t really want to store it in their homes, pay for safekeeping andinsurance during transport, and so on. The demand gap was filled by all sortsof e-gold, e-bullion, and overall pooled accounts. This idea might seem odd tothose, who are new to the p...Read More

While callingthe top is a process that plays out over time, silver’smomentum has fizzled, and the next major move should be to the downside. Toexplain, we wrote on Apr. 21: Theblue line above shows how silver often peaks in mid-to-late April, withsubstantial weakness following until the end of June. In a nutshell: May and June are when the white metal hassuffered its worst his...Read More

While the 2011 analog paints anoptimistic portrait for gold, silver and mining stocks, a re-enactment of thelast debacle is unlikely to unfold this time around. Back then, gold soaredamid the debtceiling chaos, while the USD Index was a major casualty. And whileit’s possible lawmakers could ignite a similar event, most learn from theirpast mistakes.For example, while bloated stockvaluat...Read More

April had started with gold at $1,990,then gold moved as high as $2,063.40, and yesterday, it closed at $1,999. Atthe moment of writing these words, gold futures (because that’s what you see onthe above chart) are trading at $1,993. Monthly Reversal CandlestickThis means that gold formed a hugemonthly reversal candlestick. Since the opening and closing (assuming that thecurrent price will be...Read More

As the gold market marches toward new records, it is proving the naysayers wrong and vindicating longtime bulls. Gold posted a record high close on a quarterly basis at the end of March. Now the monetary metal has its sights set on setting a new all-time high here in the coming days.That’ll have to wait until next week though as global markets are closed here on this Good Friday. Gold will f...Read More

If the decades old bubble in paper assets is ending, that's why gold!Various promotions along the way of the Continuum have distilled the case for gold down to handy buzz phrases like “got Gold?” as if it were a carton of milk. Other promotions have presented gold as the go-to asset through all types of macro phases, from “fiat is gonna blow up any day now” to “inflat...Read More

SVB failed in March. Oil was destined to fall as early as February - here's why; The failures of Silicon Valley Bank, Silvergate Bank and Signature Bank have prompted a lot of discussion about the potential of a domino effect. People are wondering "what's next?"The financial press is linking just about every downward price move in just about every financial market to the woes in the banking secto...Read More

By Jon Forrest Little, Unless you live under a rock (and some days I wish I did), all eyes are on which bank will fail next.We knew this was coming. Decades of Zero Interest Rate Policy, QE, and risky fractional reserve practices have consequences.Superpowers like Russia and China are eyeing America’s financial vulnerabilities while the Fed, Congress, Treasury, and Wall Street play musical c...Read More

(IDEX Online) - Petra Diamonds may have found a buyer for the loss-making Koffiefontein mine, in South Africa, that has been on care and maintenance since November 2022.The UK-based miner says it has has entered into a non-binding term sheet on an exclusive basis with an unnamed interested party.The mine was expected to reach the end of its life in 2025, before operations were halted. A 2021 asses...Read More

Metals Market Service - CopperThis session will provide you with an understanding of the key deliverables of Wood Mackenzie's Metals Market Service - Copper, how to access and use them to get information and analysis of global copper market, looking at the supply, demand and price.Register nowPlease click on the relevant link below to register for the session of your interest.Monday, 4 December 20...Read More

(IDEX Online) - India's Prime Minister Narendra Modi today (17 December) officially opened the new Surat Diamond Bourse, with a promise that it would create 150,000 new jobs.  The $355m bourse has been recognized by Guinness World Records as the biggest office building in existence (7.1 million sq. ft of floor space), eclipsing The Pentagon, HQ of the US Defense Department."One more...Read More

(IDEX Online) - Breitling has bought Universal Geneve, the lesser known but highly-prized luxury Swiss watch brand, with a promise to revive the company from "hibernation" to its former glory.It acquired the company from Stelux Holdings, the Hong Kong holding company that bought the brand in 1989. Breitling reportedly paid $70m, in a move that surprised industry experts.Universal Geneve was founde...Read More