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
Is it time to prepare for the next financial crisis?Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is going on?Former hedge fund manager, Dr. Steve Sjuggerud, one of the most widely-followed financial analys...Read More
The similarities are eerie, and Republicans could be facing a crisis.He's a successful businessman who never held public office before winning the Presidency...He's coming into power after an electoral college landslide...And he did it by beating an out-of-touch New Yorker opponent.Once in office, he launches a vast trade war, promising to stand up for America's heartland, with 890 increased tarif...Read More
CloseGain/LossGold $1294.60+$11.60Silver$15.73+$0.22XAU72.17+1.73%HUI163.37+1.65%GDM597.67+1.98%JSE Gold1445.45+47.57USD96.25-0.54Euro113.99+0.55Yen93.40+1.71Oil$47.09+$0.5510-Year2.560%-0.095T-Bond148.4375+1.6875Dow22686.22-2.83%Nasdaq6463.50-3.04%S&P2447.89-2.48% The Metals: Gold gained $9.30 to $1292.30 in Asia before it dropped back to $1284.80 just after 8:15AM EST,...Read More
- Gold acts as hedge in 2018 - up 2.7% and 3.8% in euros and pounds (see tables & charts)- Stocks fall sharply - S&P500, FTSE & Euro Stoxx 5o fall 6.25%, 12.5% & 15% respectively- Worst year for most international equity indices since 2008- Sharp falls in economically sensitive commodities: oil (WTI), gasoline and lumber down 24.2%, 27% & 23.8% respectively- Volatility surges as seen in VIX ris...Read More
Traders and investors are focused on a global slowdown. Economic data releases worldwide need to beat street expectation to change the negative sentiment. US December private ADP numbers need to beat street expectation for the US dollar to rise and gold and silver to correct. However political uncertainty in the UK and Eurozone will prevent a major collapse in gold and silver. I will prefer to u...Read More
Japanese steel plate supply is expected to remain tight in 2019 on firm demand from downstream segments, especially the key shipbuilding industry, a source at a leading Japan-based steel mill told Fastmarkets MB."Both domestic and global demand for steel plate is healthy, and we expect that there will continue to be limited supply for both local and export customers," the source said.Plate export...Read More
Precious metals markets enter 2019 withan opportunity to shine. Several major bullish drivers are lining up to startthe New Year – including technical, fundamental, monetary, and politicaldrivers. Before delving into each of them, let’sconsider where we’ve been over the past 12 months.To be frank, 2018 wasn’t a particularlybright year for gold and silver prices. Gold will f...Read More
AAPL shares fell roughly 10% todayApple (AAPL) last night slashed its quarterly sales outlook, citing weak iPhone demand in China. The surprise announcement -- and AAPL's steepest one-day slide in nearly six years -- had a ripple effect on Wall Street, and fueled fears of a global economic slowdown; lackluster factory data out of the U.S. only exacerbated those concerns. Against this backdrop, the...Read More
Several Fed members will speakThe Fed's December meeting minutes will be released next Wednesday, with Wall Streetlooking for clues to the pace of future rate hikes. In addition, several Fed members will be speaking throughout the week, and traders will digest the latest inflation and international trade data. Earnings will begin to pick up, with Delta Air Lines (DAL) and weed names Constellation...Read More
Demand for flat steel in Turkey is expected to remain slow throughout January, and prices are not expected to increase because global flat steel prices are falling, market participants told Fastmarkets on Thursday January 3.Local producers have filled their order books until late February, they added.The price falls in December resulted in part from weak demand in the local market as well as the h...Read More
BTAI is one of the best stocks on Nasdaq todayStocks are heading toward sharp losses today, as Apple's (AAPL) weak forecast puts a damper on the new year. Airliner Delta Air Lines, Inc. (NYSE:DAL) and auto stock General Motors Company (NYSE:GM) are lower, while drugmaker BioXcel Therapeutics Inc (NASDAQ:BTAI) is soaring. Below, we'll take a look at the news moving the shares of DAL, GM, and B...Read More
Mizuho slashed its SQ price target earlierThe shares of Square Inc (NYSE:SQ) are down 8% at $52.59, after Mizuho cut its price target on the stock to $75 from $95. But while the brokerage firm tapped blue-chip Visa (V) as its "top pick" among U.S. payment processors, it said Square was still attractive and the company's expansion into new markets will help drive revenue growth.This downside just e...Read More
The shares are trading at new lows after the iPhone maker slashed guidanceApple's (AAPL) cut revenue guidance is being felt across several sectors, weighing on iPhone retailers like Best Buy (BBY) and a slew of chipmakers. Among them, STMicroelectronics NV (NYSE:STM) stock is trading at new lows, and options traders are swarming the Swiss semiconductor maker today.At last check, STM shares were do...Read More
Turkey's flat steel export volumes rose by 139.17% year on year in November, according to the latest data from the Turkish Statistical Institute (TUIK).The reason for the increase in export volumes was strong overseas demand, especially in Europe, as well as weak domestic demand in Turkey, market participants told Fastmarkets.Additionally, export prices for Turkish flat steel products were highly...Read More
PTLA stock rallied more than 14% on Monday on a regulatory winThe shares of Portola Pharmaceuticals Inc (NASDAQ:PTLA) surged more than 14% on Monday, after the Food and Drug Administration (FDA) approved commercial production for the clinical stage biotech's manufacturing process for Anexxa, a universal bleeding reversal drug. It could be time to take profits on PTLA stock, though, considering it...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
Options traders also appear bullish on the stockThe sell-off in Apple (AAPL) stock is the talk of Wall Street today, and the pain is especially real for a number of the tech giant's suppliers. But while many investors are distancing themselves from this part of the market, we noticed one Apple partner that multiple analysts have already come to support of: optical networking specialist Lumentum Ho...Read More
Etsy just ran into a historically bullish trendline The shares of Etsy Inc (NASDAQ:ETSY) notched a record high of $58.30 in early December, and while the broader stock market languished, ETSY shares finished 2018 with a gain of nearly 133%. Since that high, though, the e-commerce concern has pulled back to a key trendline -- a signal that, if history is any indicator, could mean another big rally...Read More
CloseGain/LossGold $1294.60+$11.60Silver$15.73+$0.22XAU72.17+1.73%HUI163.37+1.65%GDM597.67+1.98%JSE Gold1445.45+47.57USD96.25-0.54Euro113.99+0.55Yen93.40+1.71Oil$47.09+$0.5510-Year2.560%-0.095T-Bond148.4375+1.6875Dow22686.22-2.83%Nasdaq6463.50-3.04%S&P2447.89-2.48% The Metals: Gold gained $9.30 to $1292.30 in Asia before it dropped back to $1284.80 just after 8:15AM EST,...Read More
The pig iron export market in the Commonwealth of Independent States (CIS) remained silent this week because of the new year holiday period, while buyers' mood remained bearish because of the weak scrap and final products markets.Fastmarkets' CIS export price assessment for high-manganese pig iron was $340-345 per tonne fob Black Sea on Thursday January 3, narrowing downward from $340-350 per tonn...Read More