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
FITB will report earnings bright and early Tuesday morningFifth Third Bancorp (NASDAQ:FITB) will report fourth-quarter earnings ahead of the stock market open next Tuesday, Jan. 22. FITB stock has a history of positive earnings reactions -- closing higher the next day in six of the past eight quarters, with an average gain of 1.8% -- but warning signs are flashing ahead of the Cincinnati-based ban...Read More
ArcelorMittal Brasil is currently designing a long-term strategic plan until 2030 with a possibility that it would include an expansion to its flat-rolling capacity in Tubar??o, local chief executive officer Benjamin Baptista said on Friday January 18.The company owns roughly 13.5 square kilometers of land in Tubar??o, the name of the unit located in Serra, a city in the southeast Brazilian state...Read More
Gold is currently trading at $1,282 – down 0.36 percent on the week – its first weekly loss since the second week of December. Notably, the yellow metal has breached the 10-day-long narrowing price range with the drop to ten-day lows. A prolonged period of consolidation is usually followed by a big move in the direction of the breakout. So, the yellow metal could drop sharply next week...Read More
Shares of IPG and EEX are in the red after bear notesCombing through this morning's analyst updates across Wall Street, we came across bearish notes on advertising firm Interpublic Group of Companies Inc (NYSE:IPG) and trade show specialist Emerald Expositions Events Inc (NYSE:EEX). Below, we'll take a closer look at the shares of IPG and EEX. IPG stock was cut to "sector perform" from "outperform...Read More
The company expects fourth-quarter profit to be lower than the third quarterThe shares of Tesla Inc (NASDAQ:TSLA) are down 7.5% at $321.27 in early market trading, after the company announced that it would be cutting the number of full-time employees by 7% in order to reduce costs. The auto concern also said it expects fourth-quarter profit to come in lower than the previous quarter. This is the s...Read More
Rio Tinto expects to ship 338-350 million tonnes of iron ore this year, up from 338.2 million tonnes in 2018, despite disruption to its Robe Valley lump and fines shipments from Cape Lambert in Western Australia earlier this month. A screening facility at the miner's Cape Lambert A port facility, which ships its lower-grade iron ore products, was affected by a fire last week.For the four...Read More
• The risk-on mood continues to dent the commodity’s perceived safe-haven status. • Steady USD fails to lend any support; dovish Fed expectations to limit downside. Gold prices slipped for the second consecutive session, albeit remained well within a broader trading range held over the past one week or so. A report that the US is considering eas...Read More
CloseGain/LossOn WeekGold $1280.70-$11.10-0.59%Silver$15.33-$0.20-1.73%XAU68.38-1.66%-4.64%HUI150.77-1.96%-5.41%GDM571.03-1.19%-3.24%JSE Gold1330.83-22.76-3.81%USD96.37+0.32+0.73%Euro113.66-0.25-0.90%Yen91.24-0.53-1.04%Oil$53.80+$1.73+4.28%10-Year2.787%+0.041+3.15%Bond144.46875-0.5625-0.88%Dow24706.35+1.38%+2.96%Nasdaq7157.23+1.03%+2.66%S&P2670.71+1.32%+2.87% The Metals: ...Read More
Most analysts are already bullish on CVX stockUBS upgraded Chevron Corporation (NYSE:CVX) to "buy" from "neutral," saying recent weakness in oil prices has created an attractive opportunity for the energy name. The brokerage firm said the company's model is created to withstand such volatility, and can maintain its organic capex and dividend even on oil's move below the $50 per barrel mark. Most a...Read More
China's ferrous futures experienced a slight uptick on Thursday January 17 across the board, with steel contracts maintaining their strength from a day earlier.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,557 yuan ($526) per tonne, up 5 yuan per tonneMay hot rolled coil: 3,464 yuan per tonne, up 16 yuan per tonne Dalian Commodity Exchange May iron ore: 513 yuan p...Read More
CloseGain/LossOn WeekGold $1280.70-$11.10-0.59%Silver$15.33-$0.20-1.73%XAU68.38-1.66%-4.64%HUI150.77-1.96%-5.41%GDM571.03-1.19%-3.24%JSE Gold1330.83-22.76-3.81%USD96.37+0.32+0.73%Euro113.66-0.25-0.90%Yen91.24-0.53-1.04%Oil$53.80+$1.73+4.28%10-Year2.787%+0.041+3.15%Bond144.46875-0.5625-0.88%Dow24706.35+1.38%+2.96%Nasdaq7157.23+1.03%+2.66%S&P2670.71+1.32%+2.87% The Metals: ...Read More
So this is how Gold is playing out....We made the base....back towards the end of last year....we have rallied..just to under the 1300 mark.. now what we are seeing is a continuation pennant...As the prior trend is bullish....we would expect Gold to break out to the topside....The technicals are ripe for this...the sideways movement we have seen in making this pennant has eased the overbought scen...Read More
By Ira EpsteinSurprise news on China-US Trade Deal progress sinks metals with exception of copper on Friday.https://www.iraepstein.com/ Read More
By David Brady, CFALittle new has occurred in Gold since my last article. The price remains stuck in a narrowing range from 1288-1295. On the one hand, it is close to breaking the channel it has been in since November to the downside. This would obviously be bearish, especially if support at the prior low of 1278 is taken out. Momentum indicators such as the RSI and both MACDs have already turne...Read More
Gold investment demand reversed sharply higher in recent months, fueling a strong gold rally. The big stock-market selloff rekindled interest in prudently diversifying stock-heavy portfolios with counter-moving gold. These mounting investment-capital inflows into gold are likely to persist and intensify. Both weaker stock markets and higher gold prices will continue to drive more investmen...Read More
HighlightsMichael Pento, President and Founder of Pento Portfolio Strategies LLC returns to Goldseek.com Radio with a cutting-edge dialogue on Bitcoin.Fiat money is quickly becoming a true "barbarous relic" thanks to the unsound policies of global central bankers. The host outlines a bullet list of the remarkable qualities of cryptocurrencies "future-money" and the duo engage in a thought provok...Read More
By Gary TanashianLeaving aside our usual inclusion of macro fundamentals and market ratios, today let's take a simple technical look at the S&P 500 and gold.As the US stock market was becoming deeply oversold (and over-hated, sentiment-wise) in December we planned for a holiday seasonal bounce, which finally arrived with the immediate reversal after the Christmas Eve massacre when the machines (...Read More
Since December gold (light blue line) has outperformed the average stock (dark blue) by a nice margin. So why does this feel like such a let-down? Because the stars were aligned for a much bigger move. The structure of the late 2018 futures market had speculators historically short - which normally portends a big price increase. January is also the seasonally best time for gold and silver, since...Read More
By Steve St. AngeloThe U.S. Federal debt bomb continues to increase, even with the government shut down. In just one day, the U.S. public debt increased $50 billion on Jan 15th. While the total outstanding Federal debt has now reached nearly $22 trillion, it doesn't include all U.S. government debt.That's correct... there's a lot more debt than Americans realize sitting on the balance sheet...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