The US$ index is breaking higher. Its trading at 96.41 as we pen this. A daily close above 96.61 marks a new 52-week high and puts the dollar in position to eventually retest its bull market high at 104. If this strength continues then the relief rally in precious metals could be over. So why is that a bullish catalyst for Gold?First, we know that a real bull market is not going to begin until the...Read More
The U.S. economy grew at a faster-than-expected pace in the third quarter as consumer spending surged while inflation was relatively timid, according to recent data Continue...Read More
CloseGain/LossOn WeekGold $1234.00+$3.70+0.62%Silver$14.70+$0.08+0.48%XAU65.17+0.68%-7.02%HUI144.65+0.86%-7.03%GDM530.73+0.31%-5.03%JSE Gold1213.58+13.07+1.56%USD96.35-0.28+0.66%Euro114.20+0.45-0.78%Yen89.42+0.40+0.34%Oil$67.59+$0.26-4.82%10-Year3.079%-0.045-3.66%Bond139.375+0.65625+1.11%Dow24688.31-1.19%-2.97%Nasdaq7167.21-2.07%-3.78%S&P2658.69-1.73%-3.94% The Metals: Go...Read More
CloseGain/LossOn WeekGold $1234.00+$3.70+0.62%Silver$14.70+$0.08+0.48%XAU65.17+0.68%-7.02%HUI144.65+0.86%-7.03%GDM530.73+0.31%-5.03%JSE Gold1213.58+13.07+1.56%USD96.35-0.28+0.66%Euro114.20+0.45-0.78%Yen89.42+0.40+0.34%Oil$67.59+$0.26-4.82%10-Year3.079%-0.045-3.66%Bond139.375+0.65625+1.11%Dow24688.31-1.19%-2.97%Nasdaq7167.21-2.07%-3.78%S&P2658.69-1.73%-3.94% The Metals: Go...Read More
By Ira EpsteinGold continues to shine due to stinking stock market.https://www.iraepstein.com/ Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort192,578163,19073,950163,414209,934429,942447,074Change from Prior Reporting Period 3,378-8,3432,672-2,72911,7953,3216,124Traders19187935454288197 Small Speculators (C) GoldSeek.com LongShortOpen Interest 47,89030,758477,832 93-2,7103,414 non reportable positionsChange from the...Read More
Gold and its miners' stocks have proven rare bastions of strength during recent weeks' market carnage. They are powering considerably higher while nearly everything else burns. The markets' major sentiment shift is accelerating a young gold upleg, which ought to grow much larger as speculators and investors continue returning. Their collective gold positioning remains very low, making for...Read More
By Darryl Robert Schoon In January 2009, when bitcoin was released, its value was "basically nothing" ~wikipedia. Eight years later in January 2017, bitcoin was at $986 and in December reached $19,783, an astounding one-year rise of 1,900 %, outperforming the 1,500 % historic increase in the Dow from 1982 - 2000. In 2018, bitcoin lost 66 % of its value. Bitcoin's spectacular rise and fall w...Read More
By Avi GilburtThey say that when the former bears turn bullish, that is often the sign of a top.Source: Caters/Legion MediaFor the last three years and during the 64% rally in the S&P 500 from 1800 to 2940, many analysts were quite bearish, expecting the market to top out each and every week. They continued to point towards the "risks" in the market, all the while helping develop that wall of wo...Read More
Wait, what?! Isn't the inverse head-and-shoulders a bullish pattern that was supposed to take gold miners much higher? Indeed, it is. But it didn't take gold miners much higher and all that the completion of the above-mentioned pattern generated was a corrective upswing that didn't even take gold stocks back above their December 2016 lows. And we warned that this is the likely outcome as the mor...Read More
Dear Friend of GATA and Gold:Silver market analyst Ted Butler today marvels at the frantic movement of huge amounts of silver among the vaults of the New York Commodity Exchange, and wonders why it is happening and why it gets no notice from other market analysts.Butler speculates that the cause is physical demand by JPMorganChase, which seems to have become the master of the silver and gold mar...Read More
Easy come, easy go. AMZN stunned traders with a 135-point gain Thursday from the bombed-out depths of Wednesday's selloff. Then, after the close, the stock reversed steeply, shedding 180 points and sucking tens of billions of dollars from stock markets in the U.S. and around the world in mere minutes. A disappointing forecast for the holiday season triggered the avalanche, which has abated somew...Read More
Golden Nuggets: Key Gold and Precious Metals News, Commentary and Charts This WeekHere is our Friday digest of the important news, commentary, charts and videos we were informed of this week.The old Wall Street adage is that they "never ring a bell at the top" but there was a real sense this week that we may have seen a turning point. U.S. stocks including both the NASDAQ and the S&P 500 have s...Read More
Full Article: Has China Finally Lifted its Thumb off of Gold?By: Thomas LuongoThere's a lot of talk about the Yuan price of gold falling out of a price suppression channel. Both Zerohedge and Nomura have weighed in on this.The Yuan price of gold surged overnight to above CNY 8500 per ounce which is a major breakdown. But it's also indicative of something that has long been suspected during...Read More
The global selloff has erased $5 trillion from stock and bond markets in October alone! October is a historically bad month for stocks. Many of the most dramatic crashes have begun during this month. The global market crash of 2018 seems to be in line with this trend and the crash is indeed global.This same trend has occurred prior to other major historical market crashes, whereby other countries...Read More
Amerigo MVC plant ramp-up on courseSPONSOREDamerigo resourcesBHP acquired a 6% stake in SolGold last month for US$59.2 million and increased it last week to 11.2% for a further $59.2 million.Newcrest is the company's largest shareholder with...Read More
Amerigo MVC plant ramp-up on courseSPONSOREDamerigo resourcesGlencore produced 1.1 million tonnes of copper during the period, up 12% year-on-year, and 28,500t of cobalt, a 44% increase.Katanga contributed 102,600t of copper and 6,500t of cobalt....Read More
Three-month base metals prices on the London Metal Exchange were down across the board by an average of 0.7% during morning trading on Friday October 26. Concerns about the broader markets and continuing uncertainty over trade and sanctions have capped the upside for those metals trying to move higher, while it has pushed the weaker metals prices lower. Nickel leads on the downside with...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 24 points in pre-opening trade. Index futures were recovered following release of the first estimate of third quarter real GDP. Consensus is growth at a 3.3% rate versus growth at a 4.2% rate in the second quarter. Actual was 3.5%.Amazon plunged $147.17 to $1635.00 after reporting lower than consensus third quarter re...Read More
Andrew Zatlin at Moneyball Economics says two of the three engines of global economic growth are stalling with China, in particular, showing signs of panic borrowing.China FalteringWhile China has been the greatest contributor to global economic growth in recent decades, Zatlin says it is essentially a house of cards built on a massive amount of debt."China's rising debt levels across all areas of...Read More