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
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
The markets are up and down like a bride's nightgown, as my dad used to say, bitcoin is in the toilet, and tech stocks, once as steady as the banks, are as unreliable as an old Apple computer. If you’re reluctant to dip your toe back into the stock market, you’re not alone. ‘The Hunt for Red October’ was a great movie but nobody thought ‘Red October’ would actua...Read More
The gap between offers and bids in the export market for steel billet in the Commonwealth of Independent States (CIS) started to widen this week, with mills gradually trying to increase offers on reduced material availability.New offers were heard within the range of $405-415 per tonne fob Black Sea, depending on the mill and shipment time.Mills offering material for late-February and March shipme...Read More
NFLX will report earnings after tomorrow's closeEarnings season is about to hit high gear, and first up among the FAANG names is Netflix, Inc. (NASDAQ:NFLX), scheduled to report its fourth-quarter earnings after the close this Thursday, Jan. 17. While NFLX is known for making massive moves after its quarterly reports, the options market is expecting an even bigger-than-usual post-earnings swing i...Read More
Goldman Sachs lead the Dow with a nearly 7% gainThe Dow Jones Industrial Average (DJI) is still riding high on bank earnings -- up over 140 points at midday. Goldman Sachs (GS), in particular, is leading the blue chips with a nearly 7% gain. Apple (AAPL) stock is also higher, amid reports the company is in talks with several private Medicare plans to distribute Apple Watches to seniors. Traders a...Read More
Pinduoduo has had a drama-filled history on Wall StreetPinduoduo Inc (NASDAQ:PDD) has had a tumultuous time in the public markets. The shares began trading publicly in the U.S. back in July, and since then the company has been subjected to accusations of selling counterfeit products and increased attention from short sellers. However, PDD stock is higher today following upbeat analyst attention.Sp...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
GS is the only Wall Street bank, so far, to report increased trading revenue The shares of Goldman Sachs Group Inc (NYSE:GS) are up 4.9% at $188.72 in early market trading, after the company announced a fourth-quarter earnings beat. In fact, the company reported an increase in trading revenue last quarter -- the only Wall Street bank, so far, to do so. Now, GS stock is pacing for its fourth straig...Read More
The stock recently climbed above two key technical levelsBarclays initiated coverage on Parsley Energy Inc (NYSE:PE) with an "overweight" rating and $38 price target -- a 103% premium to last night's close at $18.70. The brokerage firm said the Texas-based oil and natural gas firm's "steady activity program" will create a constant cash flow.In reaction to the bull note, PE stock is up 1.2% to trad...Read More
SNAP had added almost 19% in 2019 prior to todayThe shares of Snap Inc (NYSE:SNAP) are headed for trouble today, down 11.6% to trade at $5.78, after the company's Chief Financial Officer (CFO) Tim Stone resigned, the second CFO exit in 12 months. An analyst at Summit Insights Group trimmed its price target to $5, while RBC downgraded the stock to "sector perform" from "outperform." This is overs...Read More
Goldman Sachs' impressive earnings release is resulting in a risk-on approach this morningDow Jones Industrial Average (DJI) futures are trading above fair value this morning, as traders digest another round of big bank earnings. Blue chip Goldman Sachs (GS) is leading the way with a huge earnings beat, sending the stock higher before the open. On top of a busy day of quarterly earnings, there's a...Read More
Prices for hollow steel sections in Europe moved down on Wednesday January 16, to the surprise of some market participants.Fastmarkets' domestic price assessment for commodity-size, grade-S235 square hollow sections made in Northern Europe narrowed downward by ?,?5 per tonne to ?,?635-645 ($726-738) delivered on January 16, from ?,?635-650 per tonne delivered on January 9.This was the first time t...Read More
It's common knowledge that the third year of a presidential cycle has been bullishThe third year of a presidential cycle is well-known to be bullish for stocks. I'm not sure it's wise to expect anything typical from this administration, but below I'll be looking at the historical numbers. There are a few theories as to why the third year would be so good for stocks. Maybe investor confidence grows...Read More
The floodgates are about to open, and early investors stand to reap some major rewards.Everyone knows: It's the casino that NEVER LOSES.And for years, the gaming industry has been stuck in a legal limbo, with black market bookies and smoky underground clubs soaking up billions in potential profits.But the floodgates are about to open to the general public.A key law outlawing online gambling across...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
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
-New, cutting-edge technologies often come at a high cost, but not this time. OneGold is extending an unprecedented offer of gold and silver at spot price for three months to help new buyers enjoy the financial benefits of owning precious metals.[OKLAHOMA CITY], [January 7th, 2019] - -New, cutting-edge technologies often come at a high cost, but not this time. OneGold is extending an unprece...Read More
By Ira EpsteinGold continue to move a bit higher, in a tight, consolidation range type trade.https://www.iraepstein.com/ Read More
By Richard (Rick) MillsAs a general rule, the most successful man in life is the man who has the best informationMore gold mines will be going on the block thanks to a blockbuster gold mining company tie-up announced Monday. And major gold companies will also be looking to acquire large, preferably high-grade deposits, due to the ever-present problem of depleting mine reserves, as extraction cos...Read More
By Frank HolmesConsolidation season has finally arrived in the goldfields, just as many experts and analysts have been predicting for some time now. With exploration budgets having been slashed since their 2012 peak, and because there are today fewer and fewer ounces of gold available to be mined, one way forward for producers of all sizes will be to ramp up mergers and acquisitions (M&A) activi...Read More