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
Precious metals expert Michael Ballanger discusses the turnaround in the markets at the end of the year and its effect on precious metals. "ZeroHedge" from Wikipedia: In September 2009, news reports identified Daniel Ivandjiiski, a Bulgarian-born,[d] U.S.-educated,[e] former hedge-fund trader, who was barred from the securities industry in September 2008 for earning USD 780 from an insider trade...Read More
* Cenbank keeps rates at 24 pct despite easing inflation * Investors widely expected back to hold * Some see rate cut coming in March (Adds analyst quotes, details and background)By Daren Butler and David DolanISTANBUL, Jan 16 (Reuters) - Turkey's central bank left itsbenchmark interest rate unchanged on Wednesday as expected,allaying investor fears that it could loosen policy afterinflation fell...Read More
Definitive measures in the safeguard case into imported steel in the EU "do not take into account the needs of downstream users of steel, such as the automotive sector," the European Automobile Manufacturers' Assn (ACEA) said on Wednesday January 16.The EU member states voted on Wednesday to support the proposal for definitive measures in the region's safeguard investigation into imported steel.Th...Read More
The EU member states have voted on Wednesday January 16 to support the proposal of definitive measures in the region's safeguard case into imported steel, according to the European Commission (EC).The EC will now finalise the procedure, so that the definitive measures can come into force at the start of February 2019. The measures will remain in place until July 2021.The EC notified the World Trad...Read More
Goldman Sachs was the best Dow stock todayThe Dow spent the entire session trading in positive territory, thanks to a strong earnings reaction for Goldman Sachs (GS). The broader S&P 500 Index also gained ground amid a broader rally in bank stocks, while the Nasdaq climbed on Apple (AAPL) tailwinds, as buzz swirled around a potential Apple Watch Medicare program. But as the major U.S. benchmarks s...Read More
From 2019, Chinese central government regulators will begin a new round of environmental protection inspections in the country's metals and mining industry, which will take about four years to complete.The affected regions include all 31 provinces - including districts and cities - in China that were included in an earlier round of environmental inspections that took place over the past three year...Read More
The retailer said full-year profit will likely arrive at the low end of its expected rangeThe shares of Nordstrom, Inc. (NYSE:JWN) are trading down 4.9% at $44.97 -- fresh off a 14-month low of $43.04 -- after the department store said its full-year adjusted profit will likely arrive at the lower end of its projected $3.55-$3.65 per share range, following a tame 0.3% rise in same-store sales durin...Read More
Jefferies reiterated its belief in PETQ stock after the presentationPetIQ Inc (NASDAQ:PETQ) is enjoying a two-day rally thanks to the company's presentation at the ICR conference. The shares closed at $24.69 on Monday, and were last seen trading at $28.60 after trading as high as $31.55 earlier today. Despite paring most of its gains today, the equity isholding above its 200-day moving average and...Read More
The price for rebar produced and delivered in Northern Europe stayed flat on Wednesday January 9, although the European Commission's recent proposal for 2019 steel import tariffs has removed some of the uncertainty in the market. Fastmarkets MB's weekly price assessment for domestic rebar in Northern Europe remained at $540-560 ($618-641) per tonne delivered on Wednesday, with no new deals reporte...Read More
TBLT is the best stock on the Nasdaq today, tripling on a partnershipStocks are confidently in the black today, thanks to an encouraging start to earnings season. While video game maker Electronic Arts Inc. (NASDAQ:EA) is down, airliner United Continental Holdings Inc (NYSE:UAL) and home improvement name ToughBuilt Industries Inc (NASDAQ:TBLT) are pushing higher. Below, we'll take a look at what...Read More
– Gold supported near $1,300/oz ahead of important British Brexit no-confidence vote– Gold is consolidating in range between $1,280 and $1,300/oz (over £1,000/oz and €1,100/oz) – A break of resistance at $1,300 will likely see gold rise rapidly in all currencies– Physical demand for gold coins and bars has picked up in the UK and Ireland, aided by Brexi...Read More
Breaking down a massive spread on APA options todayThe shares of Apache Corporation (NYSE:APA) are lower this afternoon, after Barclays initiated coverage on the energy stock with an "underweight" rating and a $29 price target -- a discount to APA stock's current price. Nevertheless, it appears one options speculator placed a big, bullish bet on Apache shares today.At last check, the equity was do...Read More
CloseGain/LossGold $1293.30+$4.10Silver$15.59+$0.02XAU69.54+0.24%HUI153.70+0.41%GDM576.19-0.14JSE Gold1320.65-24.40USD96.07+0.14Euro113.96-0.16Yen91.94-0.42Oil$52.31+$0.2010-Year2.721%+0.003T-Bond145.46875+0.125Dow24207.16+0.59%Nasdaq7034.69+0.15%S&P2616.10+0.22% The Metals: Gold edged up to $1292.70 in Asia before it pared back to $1288.00 in London, but it then climbed...Read More
Gold Holds Steady Over ?1,000 - Increased Likelihood Of A Disorderly Brexit- Gold supported near $1,300/oz ahead of important British Brexit no-confidence vote- Gold is consolidating in range between $1,280 and $1,300/oz (over ?1,000/oz and EUR1,100/oz) - A break of resistance at $1,300 will likely see gold rise rapidly in all currencies- Physical demand for gold coins and bars has picked up i...Read More
Asian steel markets are in for another tumultuous year judging by the rate at which new developments are expected to spring up in 2019.China remains the center of interest, and rightly so, because its economic and governmental policies have cascading effects on the international steel market.While its progressive economic policies have served it well in sustaining its domestic steel sector in the...Read More
Does either of the above preclude the other? In other words, if we expect gold to reach $7000.00 per ounce, and we are correct, does that mean that we can’t reasonably expect gold to go as low as $700.00 per ounce? Conversely, if we are predicting or expecting gold to decline from its current level and even breach $1000.00 per ounce on the downside, can $7000.00 per ounce, or anything...Read More
Use gold to protect any IRA, 401(k), or retirement account from a looming financial crisis.Every American needs to learn how to protect and secure their retirement against the worst stock market crash in history, and this IRA/401KInvestment Guide 2019 is one way the average American can help protect their investments in the event of a crisis.Jim Rickards is the nation's most vocal and intelligen...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
Ina scene awfully familiar to those who follow the rare earths market, China isonce again threatening to hatchet production of the valuable minerals used inhigh-tech, renewable energy and military applications. Lastweek it was reported that the Chinese government published new guidelines designed to eliminate illegal mining and encourage more high-end processing. Those sterilewords are code for &l...Read More
Goldman Sachs earnings are in focus todayFinancial earnings season is in full swing, with traders today cheering quarterly results from big-cap bank Goldman Sachs (GS). With earnings from Morgan Stanley (NYSE:MS) and American Express Company (NYSE:AXP) due out tomorrow, Jan. 17, options traders have been blasting the Financial Select Sector SPDR Fund (XLF). XLF Eyes Longest Win Streak Since 2014To...Read More