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
Tata Steel Europe has restarted its blast furnace (BF) No 5 at the Port Talbot mill in the UK following the facility's upgrade that began in September last year, the company said on January 29.BF No 5 is one of two operational blast furnaces at the 3 million tonnes-per-year capacity Port Talbot site."The life extension project of BF No 5 cost tens of millions of pounds and is a critical part of Ta...Read More
The company reported disappointing fourth-quarter earnings and revenue The shares of Harley-Davidson Inc (NYSE:HOG) are spiraling this morning, down 7.5% at $33.84, after the motorcycle concern reported fourth-quarter earnings and revenue below analysts' expectations. The company said tariff costs surged in the quarter, and predicted an eight-year low in 2019 motorcycle shipments. Today, the secur...Read More
The struggling airliner is ripe for downgradesDelta Air Lines, Inc. (NYSE:DAL) has sat out the post-Christmas broad-market rally, with its 20-day moving average serving as a stiff ceiling in recent weeks. Plus, the shares recently formed a bearish flag pattern, suggesting more downside could be in store. There have been two downgrades to DAL already in January, but there's still ample room for mor...Read More
VYGR fell to a record low of $7.76 last ThursdayThe shares of Voyager Therapeutics Inc (NASDAQ:VYGR) are up 44% to trade at $11.58 this morning, after the gene therapy specialist inked a development deal with Neurocrine Biosciences (NBIX). The deal will focus on Parkinson's disease and Friedreich's ataxia treatments, and Voyager could get up to $1.7 billion in potential milestone payments on top...Read More
By: David SmithTwo years ago at a conference during which I both presented and attended, a Keynote speaker, "Rich Dad" Robert Kiyosaki, introduced me to a different way of looking at things. He posed the question, "How many sides does a coin have?"The correct answer is "three." The front (obverse), back (reverse) and... the edge!When you think about it, this makes sense. From this angle - uncomm...Read More
Graceland UpdatesBy: Stewart Thomson 1. The magnificent gold price rally has paused in the $1300 area for the past few weeks. Monday was COMEX option expiry day. 2. With that now out of the way, gold is already staging more upside action!3. Please click here now. Double-click to enlarge this daily gold chart. A bullish upside channel breakout is in play and the consolidat...Read More
COLORADO SPRINGS, CO, Jan. 28, 2019 -- Gold Resource Corporation (NYSE American: GORO) (the "Company") declares its monthly instituted dividend of 1/6 of a cent per common share for January 2019 payable on February 25, 2019 to shareholders of record as of February 11, 2019. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nev...Read More
A summary of base metals premiums from across the globe for the week to Tuesday January 29. Please click on the thumbnail...Read More
By George Smith"... if the journalistic credos of speaking truth to power, comforting the afflicted, and afflicting the comfortable have a godhead, that would have to be Paine, whose writing was so provocative and so uncompromising that he faced the gibbet and the blade everywhere he published in England, and in France, and in the United Colonies." Craig NelsonThomas Pain (later changed to Pa...Read More
Venezuela is nearing to be another Iran or Libya as it is trying to switch away from US dollar to other currencies on its crude oil and other natural resources. There will be a regime change in Venezuela soon. Russia and China will not be able to stop a regime change in Venezuela. UK has declined to give Venezuela its gold. The message is clear, US and UK will not give gold to nations have given...Read More
Apple is set to report earnings after the closeDow Jones Industrial Average (DJI) futures are trading modestly above fair value this morning, with Wall Street's focus staying on earnings and global relations. For earnings, Dow components 3M (MMM), Pfizer (PFE), and Verizon (VZ) all reported this morning, and Apple (AAPL) is set to reveal its quarterly report after the close. On the international f...Read More
The Dow-tracking ETF is "relatively overbought," based on recent RSI trendsThe rapid-fire rebound in stocks from the worst of their late-December lows slowed a bit last week, just as the small-cap Russell 2000 Index (RUT) closed in on a double-digit percentage return for 2019. But the Dow Jones Industrial Average (DJI) outperformed its equity benchmark peers for the period, ending Friday up 0.1% f...Read More
Early investors stand to reap the rewards as a new technology looks to change everything.One research firm - which recommended Google and Amazon before they became household names - has built a worldwide reputation of identifying profitable tech trends well before Wall Street and the talking heads on T.V.And just recently, they've uncovered a technology that's already being labeled "humanity's las...Read More
Nickel's three-month price on the London Metal Exchange soared more than 2% at the close of trading on Tuesday January 29, with the metal's futures price now trading firmly above $12,000 per tonne against a backdrop of dwindling LME stocks.LME nickel's price action has followed an uptrend over January, and is trading over 13% higher after hitting its lowest level since December 2017 at $10,500 per...Read More
Fastmarkets looks at key factors that are likely to influence minor metals prices in 2019. China's slowdown dampens sentiment For minor metals production, China leads the way globally, contributing an estimated minimum of 70% of world output of indium, bismuth, gallium and germanium. Last week, the world's biggest producer and consumer of minor metals said its economic growth dropped to its slowes...Read More
Hot-rolled (HR) and cold-rolled (CR) steel sheet prices in Russia's Central Federal District around Moscow may increase on talk of reduced availability, sources told Fastmarkets on Monday January 28. "Mills say they can [only offer stockists] tonnages already held in stock [by traders], citing that March-rolled flats was sold out and unavailable for the free market," one large stockist told F...Read More
Here are five Fastmarkets MB stories you might have missed on Tuesday January 29 that are worth another look.Ferro-tungsten prices will continue to trade in wider ranges this year amid a bearish outlook, market participants told Fastmarkets.Brazilian federal police have arrested five people related to inspections of the tailings dam that failed last week at Vale's C??rrego do Feij??o iro...Read More
Jeff Kilburg and Scott Bauer discuss if the precious metal can attract some follow-through buying. Learn more: https://activetrader.cmegroup.com/ Follow us: Twitter: https://twitter.com/CMEActiveTrader Facebook: http://www.facebook.com/CMEGroup CME Group is the world's leading and most diverse derivatives marketplace, offering the widest range of global benchmark products across all major asset...Read More
Gold no longer fears competition from higher interest rates.Central banks are putting rate hikes on hold, which benefits gold.Gold's all-important currency component is still beneficial for the bulls.As Wall Street anxiously awaits the Federal Reserve's interest rate policy decision on Wednesday, the gold market remains unconcerned. Instead, it's confirming that the intermediate-term outlook f...Read More
The metals have been in a consolidation for over two years.I think there is still more frustration ahead for the metals longs.I am looking to begin another pullback shortly, which will be a major buying opportunity.There has been no trade more frustrating than the metals complex for the last several years. In fact, I cannot remember the last time I had to wait so long for a pullback to complete. S...Read More