By Carlo Martuscelli Glencore PLC (GLEN.LN) said Thursday that production was lower for most commodities in 2017, reflecting the impact of disposals, maintenance work and weather. The natural-resource company said copper production for the year ended Dec. 31 fell 8% to 1.3 million metric tons. The decrease was attributable to constraints on production due to smelter maintenance, end-of-life produc...Read More
"If the CFTC was intending that this week's announcements showed that it was truly cracking down on bad actors in silver and gold, then it failed..."by Ted Butler via Silver SeekThe big news this week was the filing of charges and settlements for price manipulation and "spoofing" brought by the CFTC, in conjunction with the DOJ and FBI, against three banks and a half dozen individual traders; most...Read More
Online shopping may not be the typical domain of the elderly, but when it comes to buying groceries with a smartphone, Xiang Jiang, 70, considers herself rather savvy.Born a year before the Communist Party took control of China in 1949, Xiang has never had a bank account but she now has a wallet app that allows her to pay for items using her smartphone.Xiang is part of an older generation in China...Read More
Online shopping may not be the typical domain of the elderly, but when it comes to buying groceries with a smartphone, Xiang Jiang, 70, considers herself rather savvy.Born a year before the Communist Party took control of China in 1949, Xiang has never had a bank account but she now has a wallet app that allows her to pay for items using her smartphone.Xiang is part of an older generation in China...Read More
--Rio Tinto Group has denied accusations made by the Centre for Research on Multinational Corporations, known as SOMO, that it avoided about $700 million in taxes related to its Oyu Tolgoi copper mine in Mongolia, Bloomberg reports. Full story: https://bloom.bg/2BFgOTW Write to Barcelona editors at [email protected] Read More
Bill Holter says that the rotation is on. Even the big money buyers are buying silver because of the leverage it offers to gold. Here's more...Bill Holter interviewed by Greg Hunter of USA WatchdogFinancial writer Bill Holter says, "This country has lost the rule of law. It's clear, looking at the DOJ and looking at the FBI, and what will come out on that, the rule of law needs to be restored. The...Read More
The 6-pack below updates chart patterns from the Gold and Steel sector that we share often on this blog. It is shared weekly with our Metals and Premium Members.The 6-pack below looks at Gold, Gold Miners (GDX & GDXJ), GDXJ/GDX ratio, Gold/US$ ratio and Steel ETF (SLX).CLICK ON CHART TO ENLARGEOver the past year, Gold, GDX & GDXJ have created a series of lower highs. "Lower highs" are being tested...Read More
Peter KrauthEditor's Note: 10 Reasons Why Gold Could Hit $3,000 in 2018The price of silver today (Tuesday, Jan. 30) is up 0.76% to $17.40 in morning trading. And I see plenty of bullish momentum ahead for silver prices in 2018.After exploding higher last week, the price of silver returned to mild consolidation mode on a mild dollar bounceback.The recent pullback has been "mild" because the U.S. D...Read More
Clive says that once the rally begins, silver "will encounter a zone of quite strong resistance in the $26-$28 zone..." Here's more...by Clive Maund via Streetwise ReportsSince gold and silver are "joined at the hip," much of what is written about gold and the dollar in the parallel Gold Market update applies equally to silver, so here we will look mainly at the points that need to be made separ...Read More
John Rubino tells Silver Doctors "It would be easy to picture silver going up by huge jumps - $10 in a day - for five or six straight days..." John Rubino of Dollar Collapse interviewed by Silver DoctorsAfter hitting the key resistance level of $1360, gold became overbought, and corrected back down, Rubino says.A currency reset is the only way out of our financial problems, Rubino says. The funda...Read More
Will we be spared from a Tuesday paper dump? Let's not count on it. Here's why...We've got last trading day for gold & silver on the COMEX.We've got a falling dollar overnight that will need to be ramped:We've got CoT Reporting today to provide the snapshot of where traders hold their positions.We've got constant slams on Tuesday all month:We can see that gold has performed better than silver duri...Read More
BUENOS AIRES, Argentina, Jan. 29, 2018 (GLOBE NEWSWIRE) -- AbraPlata Resource Corp. (ABRA.V) (ABBRF) (1AH.F) ("AbraPlata" or the "Company") is pleased to provide an update on its Diablillos property in Salta Province, Argentina. Having recently completed a non-brokered private placement of $2 million (see the Company`s news release dated January 12, 2018), AbraPlata is in the process of finalizi...Read More
The physical silver supply may soon come under pressure as productivity falls and costs of production rise in the worlds largest silver mines. Here's more...by Steve St. Angelo of SRSrocco ReportWORLD'S LARGEST SILVER MINES: Suffer Falling Ore Grades & Rising CostsThe world's two largest silver mines have seen their productivity decline substantially due to falling ore grades and rising costs. G...Read More
Harvey says the capitulation is happening both on the COMEX and in London.by Harvey Organ of Harvey Organ BlogJAN 26/GOLD DOWN $11.00 TO $1352.00 AFTER REBOUNDING FROM $1348//SILVER ALSO REBOUNDS NICELY FROM $17.30 TO CLOSE AT $1742/GOLD EFP'S FOR TODAY: 8445 CONTRACTS/EFP'S ISSUANCE FOR SILVER: 2748 CONTRACTS/THE DOLLAR CONTINUES IT DOWNWARD TRAJECTORY FINISHING JUST ABOVE 89.00/THE 10 YR USA BON...Read More
Dr Jim Willie makes his full list of 2018 forecasts public, many of which have implications well beyond 2018. Here's the details...by Jim Willie of Golden JackassThe following Jackass forecasts listed within the article for this new year are fully consistent with the Hat Trick Letter analysis over the last few years. All are on the verge of occurrence. If even one quarter of these calls comes i...Read More
The past 11 and 7-years respectively have not been kind to the Euro and Gold, as each has created a series of lower highs and lower lows for years.The dual chart below looks at the Euro and Gold and the long-term bear market each has been in-CLICK ON CHART TO ENLARGEThe Euro has experienced a historically strong rally over the past 56-weeks, as it is up 18%. Seldom has the Euro rallied this much i...Read More
By Amrith Ramkumar Mining giant Freeport-McMoRan Inc. said negotiations with the Indonesian government over control of the giant Grasberg copper and gold mine are progressing, but the parties have pushed their target date for a deal to midyear. Freeport said in August that it would give up its majority stake in one of the world's largest copper mines, dropping to 49% from roughly 90%, as Indones...Read More
The Democratic Republic of Congo's new proposed mining code could hurt businesses, says SP Angel analyst John Meyer, but not too badly. The code proposes royalties of 3.5% on base metals and of 5% on strategic metals such as cobalt that will affect Glencore and Randgold but aren't disastrous given the high grades mined in the DRC. "Cost, aggravation [corruption] and security issues relating to wor...Read More
After falling 30% through the end of 2016, silver is posed for a significant breakthrough in 2018.So significant, in fact, that we think the price of silver could skyrocket more than 1,300% from current prices…We've already seen the silver price rally start. In the last five weeks, the price of silver has risen nearly 9%, indicating the metal could be on the verge of a breakout.Money Morning...Read More
From 2011 to late 2015, the Thomson Reuters Equal Weighted Commodity Index lost nearly half its value as the Gold, Grains, and Energy industries worked their way through bear markets.Since bottoming in late 2015, commodity prices have made a comeback of sorts, chopping their way higher. Couple this with a U.S. Dollar that is in the throws of a deep correction, and there's reason to be bullish....Read More