Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
The company cited strong sales of Amazon devicesThe shares of Amazon.com, Inc. (NASDAQ:AMZN) are up 2.8% to trade at $1,382.31, after the tech giant announced record breaking sales for the holiday season -- citing strong demand for Amazon devices. Today's pop puts the FAANG stock on track to snap its four-day losing streak, and potentially log its second win in nine sessions. More broadly, Amaz...Read More
How tax-related short covering can lead to gains in the first week of a new calendar yearShrewd investors can delay paying taxes on profits by a year if they wait until January to sell off their winners. Short sellers who have made money, likewise,can wait until the New Year before covering their shorts. If this phenomenon is prominent enough, then we should be able to identify some potential shor...Read More
The shares are higher today, though, on a $185 million Israeli grantThe shares of Intel Corporation (NASDAQ:INTC) are up 0.2% today to trade at $43.68, after the company inked a $185 million grant with the Israeli government. This comes as part of Intel's larger $5 billion expansion plans in Israel, where the chipmaker is one of the leading exporters and employers. It's been a roughly stretch f...Read More
Oil prices are higher this morning, tooStock futures are trading above fair value this morning, pointing to a recovery from a historically brutal Christmas Eve trading session that pushed the Dow Jones Industrial Average (DJI) to a 15-month low, and the S&P 500 Index (SPX) to the cusp of bear-market territory. Amid what's expected to be another low-volume session, oil prices will be in focus, with...Read More
Turkey produced 3.10 million tonnes of crude steel in November 2018, a 2.1% decrease compared with November 2017, according to the Turkish Steel Producers Association (T???oeD).In January-November 2018, crude steel production in the country was 34,429,000 tonnes, a 0.51% year-on-year rise compared with 34,256,000 tonnes produced in January-November 2017, T???oeD said last week.The country produced...Read More
Brazil's apparent steel consumption increased by 6.90% year on year in November, to 1.70 million tonnes, mostly due to an improved performance in the flat steel sector, according to the national steel association A??o Brasil.Apparent consumption of flat steel products grew by 11.70% in the same comparison, to 1.10 million tonnes, while long steel use declined by 0.80% year-on-year, to 606,000 tonn...Read More
CloseGain/LossGold $1266.20-$2.80Silver$15.03+$0.26XAU69.98-0.81%HUI159.81-1.23%GDM580.69-0.94%JSE Gold1359.59+42.78USD97.04+0.55Euro113.52-0.69Yen89.97-0.71Oil$46.22+$4.6910-Year2.770%+0.036T-Bond144.53125-0.90625Dow22878.45+4.98%Nasdaq6554.36+5.84%S&P2467.70+4.96% The Metals: Gold gained $10 to a new 6-month high at $1279.00 by late morning in New York before it sold of...Read More
COLORADO SPRINGS, CO, Dec. 26, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Gold Resource Corporation (NYSE American: GORO) (the "Company") declares its monthly instituted dividend of 1/6 of a cent per common share for December 2018 payable on January 23, 2019 to shareholders of record as of January 11, 2019. Gold Resource Corporation is a gold and silver producer, developer and explorer with...Read More
By David HaggithUntil you got to this tax and spending deal a year ago, it was one of the most hated bull markets. The markets steadily climbed one wall of worry after another, and the problem was that the economic data did not confirm it.BloombergThat's right. The market was not rising for the past ten years due to a healthy underlying economy. On the contrary, the market was rising due to the...Read More
Dear Friend of GATA and Gold:Thanks to GATA's old friend, gold market analyst John Brimelow, publisher of Brimelow's Gold Jottings letter, for calling attention to Dennis Gartman's comments about GATA in today's edition of The Gartman Letter:"The major news over the weekend is from GATA, a group that in the past has found fault with The Gartman Letter on an all-too-regular basis over the years f...Read More
Miles Franklin sponsored this article by Gary Christenson.The economic world is always changing, but the 2018-2019 period will mark an important transition. Consider credit market debt, interest rates, stock indices, individual stocks, and several ratios.TOTAL CREDIT MARKET DEBT per the St. Louis Fed.That measure of U.S. debt increased exponentially from 1951 to 2007 at a rate of 8.8% per year....Read More
Listen to the Podcast Audio: Click HereMike Gleason: It is my privilege now to welcome in Frank Holmes, CEO and Chief Investment Officer at US Global Investors. Mr. Holmes has received various honors over the years, including being named America's best fund manager by the Mining Journal. He's also the co-author of the book The Goldwatcher: Demystifying Gold Investing and is a regular guest on CN...Read More
By Steve St. AngeloThe much awaited and hoped for Santa Claus Rally turned into a complete rout today as the broader markets continued to sell-off to new lows this month. The Dow Jones plunged a stunning 653 points today, the worst in the in the 122-year-old history of the index. Furthermore, the Dow is on track for its biggest December loss since the Great Depression.The Dow Jones was trad...Read More
California Governor Jerry Brown inherited a $27 billion deficit from Arnold Schwarzenegger eight years ago. This month he's leaving his successor a $13.8 billion surplus and a $14.5 billion rainy day fund balance. Pretty good right? Approximately 48 other governors would kill for those numbers. Unfortunately it's all a mirage. California, as home to Silicon Valley and Hollywood, lives and dies w...Read More
Graceland Updates By Stewart Thomson 1. Weary investors who endured the September and October stock market "crash season" felt they should be richly rewarded for their incredible patience... with a wondrous Santa Claus rally. 2. Please click here now. The traditional Santa Claus rally has morphed into a hideous Santa Claws mauling of millions of US stock market price chasers.3....Read More
It's hard to imagine AAPL not bouncing from the 145.66 target shown. (It was proffered here earlier as a minimum downside objective.) Monday's plunge came within 45 cents of this Hidden Pivot support during the holiday-shortened session close enough for us to infer that a bottom of at least short-term importance is in. If so, expect the stock to lead the broad averages higher when trading resu...Read More
Fastmarkets MB hosted the 22nd Middle East Iron & Steel conference in Dubai last week. Here are five things we learned...1 High-grade iron ore derivative will be an important tool for Middle East DRI industry A world-first 65% iron ore derivative launched by the Singapore Exchange in early December was hailed as an important hedging tool for the Middle East direct-reduced ironmaking (DRI) industry...Read More
CloseGain/LossGold $1266.20-$2.80Silver$15.03+$0.26XAU69.98-0.81%HUI159.81-1.23%GDM580.69-0.94%JSE Gold1359.59+42.78USD97.04+0.55Euro113.52-0.69Yen89.97-0.71Oil$46.22+$4.6910-Year2.770%+0.036T-Bond144.53125-0.90625Dow22878.45+4.98%Nasdaq6554.36+5.84%S&P2467.70+4.96% The Metals: Gold gained $10 to a new 6-month high at $1279.00 by late morning in New York before it sold of...Read More
Chinese battery materials producer GEM has signed a memorandum with South Korea's Ecopro to supply the latter with 170,000 tonnes of nickel-rich nickel-cobalt-aluminium (NCA) precursor materials in the next five years, according to an announcement on Sunday December 23. Nickel-cobalt-manganese and NCA are the primary materials used to produce lithium-ion batteries for electric vehicles (EVs).Ecopr...Read More
China's leading stainless steel mills - Tsingshan Group, Taiyuan Iron & Steel (Tisco) and Baosteel - have lowered their January tender prices for high-carbon ferro-chrome, pressured by declining stainless steel prices and relatively high steel stocks at plants. Early on Monday December 24, Tisco announced that its January tender price for high-carbon ferro-chrome was 6,650 yuan ($963) per tonne, a...Read More