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
Analysts are already bullish on the nameOppenheimer initiated coverage on Aptose Biosciences Inc (NASDAQ:APTO) with an "outperform" rating and a $6 price target -- a nearly 200% premium to last night's close -- sending the stock up 3.5% to trade at $2.09. The brokerage firm waxed optimistic on the company's cancer drug, CG-806, and its potential for commercial growth as a treatment for both acute...Read More
Global ferrous scrap prices recovered earlier losses and moved upward during the week ended Friday January 25, with a number of deals being done at higher prices, Fastmarkets heard throughout the week.Prices into Turkey moved up after new deep-sea cargo bookings, which also helped to push up export scrap prices from the United States. Good demand increased scrap prices in Asia, while India made ga...Read More
Several analysts tweaked their price targets after earningsDespite its fiscal second-quarter earnings and revenue miss, the shares of Western Digital Corp (NASDAQ:WDC) are up 10% at $44.18, on a positive forecast from the company. Specifically, the data storage concernforesees improved revenue in the second half of the year, as it beginsto cut costs. WDC bottomed out at a six-year low of $33.83...Read More
Alloy surcharges to be applied to stainless steel products in Europe for February have decreased for the seventh consecutive month, Fastmarkets heard on Friday January 25.The decreases, which in the case of the grade-304 cold-rolled (CR) sheet surcharges were ?,?46-59 ($52-67) per tonne, were not expected to be reflected in transaction prices for the material, which were believed to have bottomed...Read More
The brokerage firm thinks advertising and AWS drove strong revenue growth for AMZNCowen chimed in on Amazon.com, Inc. (NASDAQ:AMZN) ahead of the e-tailer's quarterly earnings report, due after the market closes next Thursday, Jan. 31. The analyst believes Amazon's fourth-quarter earnings will arrive at the top end of previous estimates, driven by strong revenue growth in its advertising business,...Read More
CGC shares are eyeing their highest close in monthsCanopy Growth Corp (NYSE:CGC) is trading up 6.1% this morning at $46.92, after Piper Jaffray again weighed in bullishly on the weed stock. The brokerage firm -- which earlier this month made public its positive view on the cannabis space -- boosted its price target on CGC shares to $60 from $40. In the note, analysts called out the company's appro...Read More
SBUX could test its early November record highs todayThe shares of Starbucks Corporation (NASDAQ:SBUX) are up 4.5% in electronic trading, after the coffee giant's blowout earnings report. Starbucks reported fiscal first-quarter adjusted earnings of 75 cents per share on $6.6 billion in revenue, both soundly exceeding analysts' expectations. Same-store sales also rose 4% year-over-year, more than...Read More
UK alloy steel scrap prices were stable this week, with firmer nickel and molybdic oxide prices being offset by stronger sterling versus the euro.With the majority of UK scrap being shipped to the European continent, any increase in the value of sterling must be balanced by lower prices in order to keep cargoes competitive.Therefore, UK scrap prices were largely stable this week. The price of 18/8...Read More
There's a ton for traders to consider this morning on Wall StreetDow Jones Industrial Average (DJI) futures are trading above fair value this morning, as stocks try to end the busy four-day trading week on a positive note. Either way, it's setting up to be another action-packed day on Wall Street, with traders digesting renewed negotiations around the government shutdown, a leading Wall Street Jou...Read More
GoldSeek Radio's Chris Waltzek talks to Bill Murphy of the Gold Anti-Trust Action Committee and La Metropole Cafe. (http://www.gata.org/ http://www.lemetropolecafe.com/)Please Note that the video is not included in this version, but will be in the future.Read More
The gold miners' stocks have slumped in January, tilting sentiment back to bearish. This sector's strong December upward momentum was checked by gold's own upleg stalling out. Gold investment demand growth slowed on the blistering stock-market rally. But uplegs always flow and ebb, and this young gold-stock upleg merely paused. The gold miners' gains will likely resume soon, rekindling b...Read More
By: Ira EpsteinStrong US Dollar has taken gold and silver out of their respective uptrends:Read More
By: Richard (Rick) Mills As a general rule, the most successful man in life is the man who has the best informationOn Wednesday morning, a rocket blasted off from Blue Origin's West Texas facility in West Texas, carrying eight NASA experiments into space with it. Climbing past an altitude of 350,000 feet (over 100 kilometers), the New Shepard rocket launched its capsule, from which the com...Read More
If you have strong feelings about how the week is going to end on Wall Street, then perhaps you don't understand the situation. Although there was no bullish buying to speak of in the last five days, neither, evidently, was there any enthusiasm for dumping shares. The result was that the broad averages wedged a few inches higher, setting up a potential breakout that could see the Dow gain as muc...Read More
Full Article: Peering Over the AbyssBy: Gary ChristensonFrom Bill Holter "Crash Alert.""For the last 6 months we have responded 'it is happening right before your very eyes!'""The coming crash is a mathematical certainty and one that historians will ask in the future, 'what were they thinking.' While CNBC parades clown after clown to tell you this is a buying opportunity, I would simply advise...Read More
Mike Gleason: It is my privilege now to welcome in Greg Weldon, CEO and president of Weldon Financial. Greg has over three decades of market research and trading experience, specializing in the metals and commodity markets, and his close connection with the metals led him to author a book back in 2006, titled Gold Trading Boot Camp, where he accurately predicted the implosion of the...Read More
Consumption of ferrous scrap in the United Kingdom will continue to increase over the coming years amid an expansion in the UK operations of international metals group Liberty House, Fastmarkets MB's research team believes. UK scrap demand in 2018 is on course to rise for the first time in four years after Liberty restarted a second electric arc furnace (EAF) at its site in Rotherham, northern Eng...Read More
There are a number of factors supporting gold prices at the moment, most notably a big drop for the US dollar. The US dollar has weakened sharply ahead of next week’s FOMC meeting amid growing expectations that the Fed will re-iterate the need to pause its hiking cycle. We have been growing negative towards the buck for a while now and this dollar sell-off does not surprise us at all. The se...Read More
Blu Putnam, CME Group Chief Economist discusses four dynamics that may impact the precious metal. Learn more: https://www.cmegroup.com/education/economic-research-reports.htmlFollow us: Twitter: https://twitter.com/CMEActiveTraderFacebook: http://www.facebook.com/CMEGroup CME Group is the world's leading and most diverse derivatives marketplace, offering the widest range of global benchmark produ...Read More
Christophe Olivier, the head of copper concentrates trading at commodities firm MRI Trading, has left the organization after 11 years, sources close to the company told Fastmarkets on Friday January 25.Olivier, who had been with the firm since 2007, resigned earlier this week to pursue other opportunities, one source said.MRI declined to comment at the time of publication.It is unclear whether the...Read More