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
China's steel futures fell during morning trading on Wednesday February 13, while those of steelmaking raw materials moved sideways.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,731 yuan ($550.30) per tonne, down 18 yuan per tonneMay hot-rolled coil: 3,636 yuan per tonne, down 11 yuan per tonneDalian Commodity Exchange May iron ore: 623 yuan per ton...Read More
* FTSE 100, 250 up 0.8 pct * DS Smith rises after rival Smurfit Kappa's results * Rolls-Royce higher after rating upgrade * Whitbread up after increasing buyback plans (Adds quote, updates to closing prices)By Muvija MFeb 13 (Reuters) - Britain's FTSE 100 climbed to its highestin over four months on Wednesday as miners gained and upbeatearnings lifted packaging firms DS Smith and Smurfit Kappa,whi...Read More
ATVI and FCX were two of the best S&P stocks todayU.S. stocks rose again today, with the Dow posting another triple-digit victory. Mostly, the gains were fueled by the same tailwinds from Tuesday, namely the tentative budget dealto avoid a government shutdown, and potential flexibility for the March 1 trade deadline with China. Big days from Activision Blizzard (ATVI) and Freeport-McMoRan (FCX) gu...Read More
The brokerage firm expects a big announcement from the companyU.S. stocks are higher today on positive trade headlines. Among individual names on the move are farm equipment maker Deere & Company (NYSE:DE), connectivity equipment expert Aquantia Corp (NYSE:AQ), and energy infrastructure specialist Clearway Energy Inc (NYSE:CWEN). Here's a quick look at what's moving the shares of DE, AQ, and CWEN....Read More
Prices for domestic hollow steel sections in Europe were unchanged on Wednesday February 13, with the market seemingly paralyzed by uncertainty over EU import tariffs and quotas, sources told Fastmarkets.Fastmarkets' domestic price assessment for commodity-size, grade-S235 square hollow sections made in Northern Europe was unchanged week on week at ?,?630-640 ($712-723) per tonne delivered on Wedn...Read More
The Dow name enjoyed a 2.5% lift following its October earnings reportDow name The Coca-Cola Co (NYSE:KO) is scheduled to report fourth-quarter earnings ahead of the bell tomorrow, Feb. 14. Below, we will dive into how KO has been faring on the charts, and take a look at what the options market is pricing in for the shares' post-earnings move. Last seen trading up 0.1% at $49.69 -- and within str...Read More
Near-term put contracts are popular todayIt seems a Seeking Alpha article deeming El Pollo LoCo Holdings, Inc. (NASDAQ:LOCO) "uninvestible" is sinking the stock today. LOCO shares were last seen down 3.7% at $14.74, and put volume has exploded, with nearly 6,000 contracts crossing so far, compared to a daily average of just 162. Signs point to buy-to-open activity at the February 15 and March 13 p...Read More
Almost half of S&P 500 stocks are above their 200-day trendlinesAs we noted in this week's Monday Morning Outlook, nearly half ofS&P 500 Index (SPX) stocks are above their 200-day moving averages. While we haven't yet crossed the 50%-of-stocks threshold, we're definitely on the cusp. Below, we take a look at SPX performance when the majority of stocks trade above their 200-day trendlines after a l...Read More
By: Craig Hemke With our initial price goals for 2019 having been achieved, COMEX gold and silver are now in their first pullback phase of the year. How long will it last and what are the next upside price targets?If you've been following along every week, then you'll recall that we were quite adamant regarding a year-end 2018 and Q1 2019 price rally for both gold and silver. From the November...Read More
By: Ira EpsteinGold (and silver) continues to hold in key support zone of 18-Day Moving Average of Closes. China buying more gold again. Supportive of the gold market. Gold drifting sideways..Read More
By: Jordan Roy-Byrne CMT, MFTAGold stocks have to do more to confirm they are in a new bull market.Sure, they've surged above key moving average resistance and breadth has improved.However, the gold stocks have not yet broken the pattern of lower highs and breadth, while improved, is not at bull market levels yet. Let's review where things currently stand.In recent weeks GDX and GDXJ surged abov...Read More
By: Stewart Thomson, Graceland Updates: 1. Is the latest tiny price correction in gold already done? 2. Please click here now. Double-click to enlarge this daily gold chart. The uptrend looks majestic, and especially so in the face of the dollar's strength against the euro and the yen.3. Whether gold rallies from the current $1306 support zone or from $1280 is not imp...Read More
The Indoos stalled Monday almost precisely at the 25,440 midpoint Hidden Pivot shown. Buyers subsequently gave up almost no ground, setting up a likely move past the resistance on Wednesday. If it's decisively exceeded, that would all but clinch more upside to the 25,998 target. This was already no worse than an even-odds bet because the initial thrust, labeled A-B in the chart, exceeded two...Read More
In each of the last three years, gold has gotten off to a strong start only to fizzle as the year moved along. Will 2019 be the year gold finally breaks the pattern? A good many investors, fund managers and analysts think that 2019 might very well be the year when gold breaks the restraints and pushes to higher ground. One of those is Carter Worth of Cornerstone Macro in New York who C...Read More
Yesterday,the USD Index moved substantially lower while precious metals barely yawned.Why is gold not rallying? What does the gold-USD link tell us now, incombination with latest developments throughout the PMs sector? Let’s examinethese and many more clues together.Almostnothing happened yesterday in gold and silver, while miners moved a bit lower.The latter is a bearish indication, but not...Read More
The process to exclude steel and aluminium from the Section 232 import tariffs applied by the United States is having some interesting consequences.One of these is that, in the event of a national security issue -which Section 232 was designed to address - the US would theoretically rely on Japan for its imports of steel and Saudi Arabia for its imports of aluminium.That is because those countries...Read More
Gold breaks to the downside, hits 2-day lows The yellow metal reversed sharply, falling $10 from day’s highs. Price remains in short-term range, still above key MA but the bearish momentum is intensifying. Gold reached earlier today at $1,318/oz the highest level since February 4. When the US dollar started to rise across the board, XAU/USD pulled back to the $1,310 a...Read More
Vale has signed an agreement with the municipal government of Vit??ria, capital of Brazil's south-eastern state of Esp?-rito Santo, to resume operations of pellet plants and port logistics at Tubar??o, the miner said on Wednesday February 13.The municipality previously ordered the company to stop water treatment processes at the site on February 8, which prompted the halt of pellet plants 1 throug...Read More
This Valentine's Day might best be remembered for two things in particular. One, for the first time in 153 years, candy lovers won't be able to pick up a box of Sweethearts, those classic heart-shaped candies bearing sweet nothings like "BE MINE" and "CRAZY 4 U." And two, consumers are set to spend more than $20 billion on Valentine's gifts for the first time ever, thanks in part to a surge in...Read More
By: Craig Hemke With our initial price goals for 2019 having been achieved, COMEX gold and silver are now in their first pullback phase of the year. How long will it last and what are the next upside price targets?If you've been following along every week, then you'll recall that we were quite adamant regarding a year-end 2018 and Q1 2019 price rally for both gold and silver. From the November...Read More