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
There's a few "sneaky" tricks Wall Street doesn't want made public.While pretending to be pillars of investing intelligence and integrity...The richest, most influential billionaires on Wall Street are secretly manipulating the market - and they don't care who gets hurt in the process.It's nothing personal...They have multi-million dollar bonuses to collect and high-rise condos to buy their mistre...Read More
CloseGain/LossGold $1283.00+$0.80Silver$15.51+$0.04XAU70.94+0.40%HUI160.71+0.08%GDM586.15-0.39%JSE Gold1397.58+21.83USD96.79+0.65Euro113.44-1.15Yen91.69+0.46Oil$46.54+$1.1310-Year2.655%-0.028T-Bond146.96875+0.96875Dow23346.24+0.08%Nasdaq6665.94+0.46%S&P2510.03+0.13% The Metals: Gold gained $6.50 to $1288.70 in late Asian trade before it dropped back under unchanged at $12...Read More
CloseGain/LossGold $1283.00+$0.80Silver$15.51+$0.04XAU70.94+0.40%HUI160.71+0.08%GDM586.15-0.39%JSE Gold1397.58+21.83USD96.79+0.65Euro113.44-1.15Yen91.69+0.46Oil$46.54+$1.1310-Year2.655%-0.028T-Bond146.96875+0.96875Dow23346.24+0.08%Nasdaq6665.94+0.46%S&P2510.03+0.13% The Metals: Gold gained $6.50 to $1288.70 in late Asian trade before it dropped back under unchanged at $12...Read More
Dec.18 -- Billionaire investor Stanley Druckenmiller discusses the outlook for the U.S. economy, his investment strategy for stocks and bonds, President Donald Trump's attempts to sway Federal Reserve policy and the prospects for a solution to the U.S.-China trade dispute. He talks with Bloomberg's Erik Schatzker.Read More
By Stefan GleasonPrecious metals markets enter 2019 with an opportunity to shine. Several major bullish drivers are lining up to start the New Year - including technical, fundamental, monetary, and political drivers.Before delving into each of them, let's consider where we've been over the past 12 months.To be frank, 2018 wasn't a particularly bright year for gold and silver prices. Gold will fi...Read More
Much about 2019 is uncertain. But a few things are pretty much guaranteed, including the following:Government debt will rise at an accelerating rateLike a life-long dieter who finally gives up and decides to eat himself to death, the US is now committed to trillion-dollar deficits for as far as the eye can see. And that's - get this - assuming no recession in the coming decade. During the next d...Read More
The Section 232 tariffs implemented in the United States in 2018 led to a sharp increase in domestic steel prices, driving the hot-rolled coil index to a nearly 10-year peak in July. But how did the tariffs impact the rest of the global supply chain? Fastmarkets' regional experts gave us answers.ChinaChina has exported less hot-rolled coil since the Section 232 tariffs took effect, but soft domest...Read More
The stock market "secret" no one is talking about.The world's richest investors have been using this simple "trick" to build massive fortunes for decades.They've done everything in their power to hide the truth from individual investors. In the process they've created a totally uneven playing field... where most of the players don't even know the rules of the game.This lack of fairness is one of...Read More
Early investors stand to reap the rewards as a new technology looks to change everything.One research firm - which recommended Google and Amazon before they became household names - has built a worldwide reputation of identifying profitable tech trends well before Wall Street and the talking heads on T.V.And just recently, they've uncovered a technology that's already being labeled "humanity's las...Read More
Refining charges (RCs) for blister copper have decreased for 2019 contracts on a cif China basis because of growing concerns about supplies.The majority of contractual RCs were settled within the range of $155-175 per tonne for next year, Fastmarkets has assessed. That compared with $165-180 per tonne for 2018 contracts.In December, contractual talks between Jiangxi Copper and Chambishi, which pro...Read More
Before I address my so-called predictions for what I believe is in store in 2019 for the economy and stock markets, let's take a quick review of what transpired in 2018.GDP was up along with the economy. But was it really? With infused cash and borrowing, the economy continued its torrid pace. Borrowing from the Fed will most likely have to continue for the economy to continue roaring forwards int...Read More
Base metals prices on the London Metal Exchange were mostly lower at the close of trading on Wednesday January 2, under pressure from upward momentum in the United States dollar index although a marginal downturn in US equity markets hindered buying sentiment.In afternoon trading, the three-month price of lead fell by more than 3% to reach an intraday low of $1,942 per tonne. It had spent most of...Read More
Prices for mesh-quality wire rod were unchanged across Europe on Wednesday January 2, with market activity subdued by the year-end and the possible expiration of the European Commission's import quota scheme. Fastmarkets' weekly domestic price assessments for mesh-quality wire rod in both Southern Europe and Northern Europe stayed at ?,?540-560 ($619-642) per tonne delivered on Wednesday.The...Read More
It's been nine months since the United States announced Section 232 tariffs, and over six months since a 10% tax was applied to imports of aluminium from Canada, Mexico and the European Union. There's been a huge debate over how successful the tariffs - imposed on the grounds of national security and also applied at a 25% rate to steel - have been. Much depends on who you talk to, and what their s...Read More
Years ago, the idea that machines would replace humans on the trading floor seemed far-fetched and the suggestion that algorithms might replace humans entirely ridiculous.But both have happened in some shape or form, making the advent of blockchain - now being vaunted as the next game-changer in technology - a lot more realistic than naysayers might initially think.Dozens of trials and projec...Read More
Since its merger with Xstrata, Glencore - previously a trading and marketing firm - has become a mining firm whose earnings before interest, taxes, depreciation and amortization is dominated by earnings from its industrial activities. The recent appointment of Peter Freyberg as head of the company's industrial mining assets, a newly created position with oversight and responsibility for all Glenco...Read More
Chris says to watch silver because this latest break-out is very important. Is $60 - $65 silver possible in the near future? Here's Chris to explain...by Chris Vermeulen of The Technical TradersWatch Silver, folks. This quiet shiny metal is starting a move that could be very foretelling of global market concerns and risks. Early on December 26, 2018, Silver broke through recent resistance, to the...Read More
Base metals prices on the London Metal Exchange were mostly lower at the close of trading on Wednesday January 2, under pressure from upward momentum in the United States dollar index although a marginal downturn in US equity markets hindered buying sentiment.In afternoon trading, the three-month price of lead fell by more than 3% to reach an intraday low of $1,942 per tonne. It had spent most of...Read More
Comex copper futures softened in the first trading day of the new year in the United States amid disappointing Chinese manufacturing results and persistent weakness in US stocks.The copper price for March settlement on the Comex division of the New York Mercantile Exchange declined 2.90 cents to $2.6020 per lb.Weaker than expected manufacturing data from China prompted the Asian markets to open tr...Read More
Erus Metals USA LLC has withdrawn from London Metal Exchange warehouse services, the exchange said on Tuesday January 1.Erus Metals USA is a subsidiary of Erus Metals Limited, the USA branch only had one warehouse left, in Panama City, Florida, which will now be delisted from the LME. According to exchange data in November, it held no LME stock.In...Read More