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
By Ira EpsteinGold continues to work higher.https://www.iraepstein.com/ Read More
HighlightsSeason 14 kicks off with part II of the discussion with Bob Hoye of Institutional Advisors, with stellar news for gold shares aficionado."PM's stocks will go to the equivalent of $10,000 gold," in the nascent bull market advance.The dialogue includes the "citizen uprising" occurring throughout Europe and North America. The host underscores the timeless wisdom of Mohandas Ghandi, who pr...Read More
By Frank Holmes CEO and CIO of U.S. Global Investorsclick to enlargeGlobal uncertainty made gold a holiday winner for investors seeking a relatively safe haven. U.S. stocks just logged their worst year since 2008 their worst December since 1931 as fears over global trade, ballooning debt, the end of accommodative central bank policy and a U.S. government shutdown unsettled investors. Against thi...Read More
What will happen next & what to do now Welcome to our new readers and a very Happy New Year to everyone!Now that it's 2019, we're going to start the new year here at Peak Prosperity by responding to the wishes of our premium subscribers and making our most recent premium report free to everyone.For those unfamiliar with our work, it's based on the idea that humanity is hurtling towards a disaste...Read More
By Ross NormanThere is probably no more irritating an adage than the old Wall Street one which says "no one rings a bell at the bottom or top of a market" ... but it does highlight the purpose or value of making a trading call - or if you prefer (as it is the season for it) ... in making a forecast.No one wants to be too early in calling a bottom in gold as your career would then be aligned with...Read More
By Craig HemkeAs 2018 drew to a close, the prices of Comex gold and silver began to move higher. This was just as expected and we wrote about these pending year-end rallies on several occasions. Before going further, perhaps you should take time to review these links: This from early November: https://www.sprottmoney.com/Blog/into-year-end-wit...This from mid-December: https://www.sprottmoney.co...Read More
The shares just pulled back to a trendline with bullish implicationsMicrosoft Corporation (NASDAQ:MSFT) was not exempt from the broad market sell-off last quarter, shedding 11.2%, its worst since March 2015. However, as the saying goes, "new year, new me," and that pullback could be a buying opportunity for the Dow name, if recent history is any indicator.Specifically, MSFT has retreated to its 3...Read More
By Ryan WildaySome time has passed since I wrote a more lengthy article, but not nearly as long a time as this grueling bear market in cryptos - now 12 months long, and counting. So, in this article I'd like to rewind the clock a bit. When we first saw our bull market top in cryptos, I did not fully expect a long bear market such as we've seen. While the March breakdown confirmed in my mind tha...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
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 S&P and Nasdaq are much lower at midday, tooThe Dow Jones Industrial Average (DJI) fell 169 points out of the gate, and the losses have only accumulated. At last check, the blue-chip index was down almost 500 points, sinking back below the 23,000 mark, with a negative reaction to Apple's (AAPL) weak revenue forecast sparking the risk-off backdrop. A weaker-than-expected Institute for Supply Ma...Read More
The brokerage tapped Kinder Morgan as its top pipeline pick, thoughGoldman Sachs chimed in on pipeline stocks today, pegging Kinder Morgan Inc (NYSE:KMI) as its top pick in the sector. However, the brokerage firm downgraded Buckeye Partners, L.P. (NYSE:BPL) and TransCanada Corporation (NYSE:TRP) to "sell" from "neutral," citing valuation concerns for both energy stocks.Buckeye Partners Stock at Ri...Read More
The iPhone retailer's stock is down after Apple lowered sales guidanceBest Buy Co Inc (NYSE:BBY) is just one of many companies caught in Apple's (AAPL) crosshairs this morning, after the tech giant lowered its quarterly revenue guidance on slipping iPhone sales in China. As a major retailer of Apple products, Best Buy shares are now down 4.4% at $51.26, and UBS just cut its price target on BBY to...Read More
Analysts at Canaccord Genuity still have a "buy" rating on FB stock, thoughBrokerage firm Canaccord Genuity this morning released a note discussing U.S. digital advertising, saying it has a positive view on the industry over the next four years. However, it wasn't all upbeat attention for the names mentioned in the note, including Facebook, Inc. (NASDAQ:FB), Twitter Inc (NYSE:TWTR), and Snap Inc (...Read More
AAPL is fresh off its worst quarter since 2008The shares of Apple Inc. (NASDAQ:AAPL) are down 9.3% to trade at $143.30 -- fresh off an 18-month low of $143.19 -- after the company cut its revenue forecast for the holiday quarter to $84 billion from a previous range of $89 billion to $93 billion last night -- below the consensus estimate of $88.05 billion. CEO Tim Cook citedtrade tensions between...Read More
Base metals prices on the London Metal Exchange were mixed at the close of trading on Thursday January 3, with copper futures sinking to their lowest level since June 2017, while tin's three-month price climbed to a four-month high. Topping complex volumes, with 23,800 lots changing hands, copper's three-month price closed below $5,800 per tonne for the first time since August 2018 and was th...Read More
AAPL shares are down 8% in pre-market tradingDow Jones Industrial Average (DJI) futures are trading below fair value, as Wall Street prepares for sharp losses from blue-chip tech giant Apple (AAPL). The company yesterday lowered its quarterly sales forecast due to weak iPhone demand in China -- adding to concerns about a slowdown in the global economy. As such, a handful of Apple suppliers are als...Read More
The Turkish scrap import market was silent on Thursday January 3, with the mills staying away from scrap purchases due to sluggish finished steel demand in Turkey. Most suppliers were still on leave due to the New Year holiday, sources said.The most recent cargo booked into the country took place last weekend from the Baltic Sea, at $283 per tonne cfr for HMS 1&2...Read More
Turkish domestic long steel markets have remained weak because of limited demand, especially in the construction sector, in addition to increased material imports from Iran, sources said on Thursday January 3.Fastmarkets' weekly price assessment for Turkey domestic rebar was TRY2,800-2,850 ($522-531) per tonne ex-works on January 3, narrowing from TRY2,750-2,900 per tonne last week.The local rebar...Read More