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China opens its borders to billions of dollars of gold imports

Reuters | April 16, 2021 | 9:14 am IntelligenceMarketsChinaGold Image from World Gold Council via Twitter. China has given domestic and international banks permission to import large amounts of gold into the country, five sources familiar with the matter said, potentially helping to support global gold prices after months of declines. China is the world’s biggest gold consumer, gobbling up hundreds of tonnes of the precious metal worth tens of billions of dollars each year, but its imports plunged as the coronavirus spread and local demand dried up. With China’s economy rebounding strongly since the second half of last year, demand for

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Iron ore price hits 10-year high on rising steel demand

MINING.COM Staff Writer | April 16, 2021 | 9:40 am IntelligenceMarketsNewsAustraliaChinaLatin AmericaIron Ore Steelmaking process. (Image by China Baowu Steel) Iron ore prices continued to climb on Friday despite concerns over environmental restrictions in China. Tangshan, China’s top steelmaking city, said last month it will punish firms that either have not taken the steps spelled out under its emergency anti-pollution plan or have illegally discharged pollutants, following weeks of heavy smog in northern China. According to Fastmarkets MB, Benchmark 62% Fe fines imported into Northern China (CFR Qingdao) were changing hands for $178.43 a tonne on Friday – the highest level since 2011. READ THE ENTIRE

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Goldman doubles down: Record-high copper price within a year

Frik Els | April 13, 2021 | 2:16 pm IntelligenceMarketsAfricaAsiaAustraliaCanadaChinaEuropeLatin AmericaUSACopper Altonorte copper smelter, Chile. Image from Glencore. Copper is trading more than $800 per tonne below the near-decade high hit in February, and some of the ardour of copper price bulls has cooled decidedly since then. Goldman Sachs metals strategist Nicholas Snowdon, speaking at the virtual World Copper Conference on Tuesday, is squarely in the bull camp, however. Snowdon doubled down on the investment bank’s view that the mining sector is at the start of a supercycle, citing three factors driving the boom in the broader commodity market: READ THE ENTIRE ARTICLE HERE

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Metals & Miners May Have Started A New Longer-Term Bullish Trend – PART II

This second part of our research article related to the new Bullish price phase in Precious Metals and Miners will continue to explore the potential range and targets for higher price trends. In the first part of this article, I discussed how precious metals have started moving higher in somewhat of a stealth mode – not really drawing a lot of attention from traders.  While other commodities and market sectors continue to rally, Gold and Silver have recently been setting up a new momentum base over the past few weeks.  If our research is correct, we may soon see a stronger

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Join Chris On Sprott Money News Weekly Wrap-Up

Gold began its new bull uptrend in 2019 and is currently experiencing its first major correction.   We are beginning to get really excited with gold POSSIBLY breaking out of a major bull flag pattern that it has been slowly consolidating in for the past 8 months. In this edition of The Weekly Wrap Up, you’ll hear: Which sector is a prime opportunity right now What are the upside targets in silver? Plus: The fresh bull market in platinum “Chris and his team are providing investors with a great road map for the direction of the markets, which is why I am

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Coinbase Goes Public, Opening the Crypto Floodgates

April 16, 2021 By Frank HolmesCEO and Chief Investment OfficerU.S. Global Investors Digital currencies stormed Wall Street in a big way this week. Crypto exchange Coinbase went public in a direct listing, opening the floodgates for a number of other crypto-related companies. This move brings us one step closer to mass acceptance of cryptocurrencies. Before now, investors seeking to participate had a few options other than to hold the underlying assets. READ THE ENTIRE ARTICLE HERE AT U.S. GLOBAL INVESTORS

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Are Metals & Miners Starting A New Longer-Term Bullish Trend?

Almost in stealth mode, precious metals have begun to bottom and start a new upside price trend while the US stock market focused on the FOMC meeting a few weeks back and current economic data.  Gold, Silver, and many of the Miner ETFs recently started a moderately strong push higher – almost completely behind the scenes of the hype in the markets regarding IPOs and Bitcoin’s new recent highs. All the Gold traders know that when Gold starts a new leg higher, it could mean inflation fears are being amplified in the global markets and/or fear is starting to creep

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The Warrant Report For The Week Ended April 9, 2021

I am seeing and feeling that we are ready for another wave up in the PM sector and am optimistic. As well, it seems that we are in a much more positive tone in the SPACs and the warrants thereon. I had two of my personal positions announce definitive agreements this week with nice profits on both. This week we added a new feature for our subscribers a – Warrant Redemption CalendarVirtually all of the SPACs after they have completed a merger will redeem the stock warrants. There are many rules as to ‘when’ they can redeem the stock warrants

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Biden’s EV plan would create bull conditions for energy metals — report

MINING.com Editor | April 9, 2021 | 12:42 pm Battery MetalsIntelligenceChinaEuropeUSACobaltCopperLithium GM EV Ultium Platform. Image from General Motors. Joe Biden’s proposed $2 trillion infrastructure bill would help create bull conditions in commodity markets, particularly in steel and cobalt, lithium, and copper — materials of the energy transition, according to Fastmarkets. READ THE ENTIRE ARTICLE HERE ON MINING.COM

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Another Gold-Stock Upleg

This article by Adam Hamilton was posted on 321Gold.com. We are happy to bring it to the attention of our followers. “The gold miners’ stocks suffered a rocky start to 2021, rolling over into an extended correction after a young upleg prematurely failed. The resulting deeper lows left sentiment overwhelmingly bearish, with this contrarian sector deeply out of favor. But over the last five weeks or so, gold stocks have powered higher again in another young upleg. This one has a far-stronger foundation given the underlying gold setup.” READ THE ENTIRE ARTICLE ON 321 GOLD HERE

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Sprott Money Precious Metals Projections

We are back with the third installment of Sprott Money’s Precious Metals Projections.  Each month Craig Hemke and I take you through the key charts in what is going on not only with precious metals but other key indexes and indicators so we can determine what the general trend may be. This last quarter has been very challenging for precious metals investors with gold and silver still in a consolidation pattern since August which seems like it will never end.  This consolidation seems to correlate with the 18%-20% correction and sell-off in bonds.  While this may seem “scary” to some

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Archegos & Credit Suisse – Tip Of The Iceberg

April 8, 2021 By Egon von Greyerz Bill Hwang, the founder of the hedge fund Archegos that just lost $30 billion, probably didn’t realise when he named his company that it was predestined for big things. Archegos is a Greek word which means leader or one who leads so that others may follow. ARCHEGOS THE FIRST OF MANY TO COME This, until a few days ago, unknown hedge fund is a trailblazer for what will happen to the $1.5+ quadrillion derivatives market. I have warned about the derivatives bubble for years. Archegos has just lit the fuse and soon this whole

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The SPY Is Nearing Resistance @ $410… Read On To Find Out What Is Next

My shorter-term analysis for the markets continues to stay Bullish and suggests the US reflation trade, the strengthening of the US and the global economy, and recovery from the COVID-19 restrictions will likely prompt a moderately strong upside price trend leading into at least mid Q2:2021.  The recent strength of the US Dollar is helping to push capital into the US markets as foreign investors attempt to shift capital away from Emerging Market and currency weakness and the Treasury Yield rallies seem to have indicated a moderate warning related to global central banks attempting to front-run inflation concerns. “Chris and

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The Current Cannabis Sector Rally Is Pointing To Another Breakout

My research team and I continue to believe the Cannabis/Alternative sector is poised for a big trend in 2021 and 2022.  Over the past few years, this sector has continued to trend lower after the hype of 2016~2018 – back when everyone was getting into the Cannabis industry as multiple US states authorized recreational and medical use.  After the 2018 peak, followed by the early 2019 moderate price recovery, this entire industry sector fell out of favor with investors for almost 2 full years. “Chris and his team are providing investors with a great road map for the direction of

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