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 128-week moving average marked a bottom for AAPL in August 2015It was just under a month ago in this space that we discussed the significance for Apple Inc. (NASDAQ:AAPL) of its 64-week moving average, which had emerged as a new -- and immediately formidable -- layer of resistance during the course of the stock's fourth-quarter sprint from trillion-dollar market cap into bear-market territory....Read More
A simple way to stop picking losers, and start cashing in like Wall Street's elite.Most traders would never believe that 9 out of 10 trades could be winners.But while it may sound impossible, thanks to a research breakthrough, it may not be as far-fetched as many think.JPMorgan's trading desk produced a 99.52% win rate from 2013 through 2017. That includes 2 straight years without a losing day....Read More
A summary of base metals premiums from across the globe for the week to Tuesday January 8.Please click...Read More
Getting "funded" means traders can take risks without putting their own money on the line.It is possible to build a large portfolio and never lose money from a trade ever again.Need proof?Here's how it works... Every day, "regular" traders turn into professional part-time "funded traders" using a unique trading program.All it takes is undergoing training, and learning the materials.Then someone li...Read More
By: Clint SiegnerThe Bureau of Labor Statistics delivered a blowout jobs report on Friday. Headline chasing algorithms and investors responded by snapping up stocks. They also sold some gold and silver futures, driving prices lower on the day.To Wall Street cheerleaders, it looked like the stock market correction might be over and precious metals would be headed out of fashion, once again.It loo...Read More
King Dollar was on top in 2018, one of the few major assets to close the year in the black on steady interest rate hikes and robust economic growth in the U.S. But greenback strength is a double-edged sword, as you know. Although good for U.S. consumers, it can hamper exporters, commodities, oil, gold and more.So will rates continue to rise in 2019? If so, the dollar will follow suit, putting ad...Read More
By: Mickey Fulp Price ratios determine relative value of the precious metals and are useful tools for deciding which metal to buy at any given time. In previous musings, I documented the history of gold and silver prices and ratios from the United States' abandonment of the gold standard to present, then followed with similar treatments for platinum-gold and platinum-palladium (Mercenary Musin...Read More
By: Stewart Thomson 1. It's time for the queen of assets to rest and consolidate. Nothing goes up in a straight line, and that's certainly true for gold!2. Please click here now. Double-click to enlarge this daily gold chart.3. A pullback to about $1250 would be a healthy 50% retracement of the $100 rally from $1200 to $1300.4. Gold begins 2019 with some very positive...Read More
Focus will be on US-China trade talks and its result. Central banks are buying gold as per releases by the world gold council. Retail investors are waiting for more correction. Right now there is NO "herd mentality" to buy or invest in gold and silver. Herd is there when prices shoot up in the short term with no signs of correction. In the next seven days (till 16th January 2019), spot gold need...Read More
How you can transform lagging indicators into leading indicators.With the market action of the last few weeks, some traders may feel like they're working blind -- after all, who knows what the Dow will do next? With bulls and bears butting heads in their predictions, many investors are looking for a way to try and predict what's to come, to avoid losing any of their capital to sudden corrections a...Read More
European vanadium prices began to bounce back in the week ended Friday January 4 amid renewed supply tightness and increased buying interest, while Chinese export prices stalled on a lack of trading activity. Chinese export prices stall on thin tradingEU FeV market rebounds on renewed buying interestEU V2O5 prices edge upward on FeV strengthUS FeV prices continue downward correction, lag behind gl...Read More
European long steel buyers were quiet throughout December on uncertainties arising from the United States' various trade wars, but a European Commission quota proposal in January has offered some hope of more certainty to sellers. The EC proposal for new import quotas for steel products in Europe has finally offered some clarity on what form those quotas will take in 2019, but the US governme...Read More
Base metals prices on the London Metal Exchange were mixed at the close of trading on Tuesday January 8, with prices generally pushing higher amid positive risk sentiment against US-China trade talks, stronger global equity markets and a softer US dollar index. Climbing furthest over the afternoon, the three-month tin price climbed to its highest level since July 31, closing just short of $20,000...Read More
Here are five Fastmarkets MB stories you might have missed on Tuesday January 8 that are worth another look.The penetration of nickel-cobalt-manganese type-811 batteries into the Chinese electric vehicle industry will be quite limited in 2019, market participants have told Fastmarkets. A new duty on imported copper raw materials in Zambia has already led to consequences, with produc...Read More
Gold shines in this friendly macro environment.While ETF investment demand for gold was stable in 2018, speculative demand dropped sharply.Monetary demand for gold should rise strongly in Q1 2019 due to gold's insurance qualities.Trading momentum is positive for gold, signaling a continuation of the rally in near term.Consider GLDM to play the appreciation in gold prices. Expect, Maryna Suprun (Sa...Read More
Base metals prices on the London Metal Exchange were mixed at the close of trading on Tuesday January 8, with prices generally pushing higher amid positive risk sentiment against US-China trade talks, stronger global equity markets and a softer US dollar index. Climbing furthest over the afternoon, the three-month tin price climbed to its highest level since July 31, closing just short of $20,000...Read More
Every year, I list my top 10 gold stock picks for the upcoming year for marketplace subscribers.I think these picks will outperform peers, and I use the VanEck gold miners index as a benchmark index.Here's how I make my selections and a few picks for readers. GDX data by YCharts It's time again for my annual list of the top gold stocks for the upcoming year. If you are unfamiliar with these ar...Read More
Comex copper prices sustained a modest recovery Tuesday morning in the United States, with the market awaiting further clarity on the current trade unrest.The copper price for March settlement on the Comex division of the New York Mercantile Exchange inched up 0.60 cents to $2.6430 per lb.While market optimism around US-China trade talks has resulted in a fairly upbeat performance in US...Read More
Peter KrauthThe price of silver has been steady over the past week and is still up tremendously since late December. In fact, silver prices are still up more than 9% from their December low.At this point, a small pause in silver's rise would not surprise me. The metal typically takes a little time to digest its massive gains.In the past two weeks alone, silver is up an astounding 6.3%, while gold...Read More
Base metals prices on the London Metal Exchange were mixed during morning trading on Tuesday January 8, with prices remaining stable and market sentiment broadly positive amid US-China trade talks and a continued softening in the US dollar index. Continuing their uptrend, both copper and nickel futures consolidated higher over the morning, with the former making a continued approach towards $6,000...Read More