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
"The interior will be slightly better than was originally promised...From the beginning, this has been the goal."Continue...Read More
So the dreams of 3%-plus economic growth in 2018 were fulfilled, after tax cuts and ballooning federal deficit spending, which acted as a huge stimulus: In the fourth Continue...Read More
The gold, worth about $2.13 billion, was stolen by ISIS as its reign of terror spread across Continue...Read More
The strength of the recent gold rally has taken Nick by surprise. He was expecting the move, but not now. It's now time for a minor pullback and then the rally will continue. The dollar is just getting started again. Expect higher highs. The stock market is headed for rough times. Nick doesn't see any new highs for a while and is expecting the markets to head south again, once the current rally co...Read More
SAO PAULO - An underground blast in a gold mine in the Brazilian state of Bahia on Friday killed two workers, Canadian company Leagold Mining Corp said.Leagold investor relations vice-president Meghan Brown said few further details were available, and that the company had started an investigation.Local media in Brazil said three other workers were injured, but not seriously and had been release...Read More
Barrick Gold Corp. has no intention of increasing its hostile offer for Newmont Mining Corp., according to a person familiar with the matter who asked not to be identified because the talks are private.On Monday, Barrick proposed to buy Newmont in an all-share $17.8 billion hostile deal that valued the rival miner's stock at 8% below the prior closing price. Newmont responded that its board would...Read More
MUMBAI/BENGALURU - Gold demand in India improved this week due to a fall in local prices, while some investors in other major Asian centres sold the metal back to make use of relatively higher prices while delaying purchases on expectations of a further correction."Jewellers are buying in a phased manner as prices have corrected. They are expecting an improvement in retail demand in coming weeks,"...Read More
By various gauges ofvalue, the gold and gold mining sector is the most undervalued of all theinvestment sectors; that should change shortly. if we judge by the lack ofresearch coverage of gold companies we might conclude that there is littleinterest, but don't be fooled. Our analysis suggests that we are seeing one of the best opportunities ever...Read More
The Critical Investor profiles a hybrid prospect generator with projects throughout the Americas. Haldane Project1. IntroductionAlianza Minerals Ltd. (ANZ:TSX.V) is the second hybrid prospect generator I am discussing in a short period of time, after closely related Avrupa Minerals (AVU.V). Both companies are guided by Pacific Opportunity Capital, a Vancouver financial consulting and merchant ban...Read More
In contrast to the clear skies outside, a cloud hung over discussions among Indian scrap traders attending the opening session of the annual conference of the Material Recycling Association of India (MRAI) earlier this month in Kochi, southern India.Secretary-general Amar Singh praised the superior air quality in the host city, compared with the metropolises of New Delhi and Mumbai. But delegates...Read More
The Mexican government has decided to renew a 15% safeguarding duty on imports of steel from countries with which it does not have free trade agreements.The safeguard is expected to be signed this week, and it will be valid for another six months, according to the country's economy secretariat.It will apply also on imports of products...Read More
Major Vietnamese integrated steel producer Formosa Ha Tinh Steel has increased its new hot-rolled coil offers by $40 per tonne for April-delivery and shipment cargoes due to the recent increases in raw materials costs.The producer's SAE1006 HRC is now on offer at $535 per tonne on a cif basis, up $40 per tonne from $495 per tonne cif for iMarch-shipment materials. And its SS400 and pipemaking...Read More
The S&P topped the key 2,800 levelStocks kicked off March on a high note, as traders cheered positive U.S.-China trade headlines. However, a round of dreary economic data, including weak readings on consumer sentiment and U.S. manufacturing -- the latter of which showed factory activity slowed to a level not seen since November 2016 -- kept a lid on gains, as the Dow, S&P 500, and Nasdaq all close...Read More
However, a rare VIX alarm just signaled a potential volatility spikeThe Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) are attempting to salvage weekly gains, after finishing February comfortably higher. In addition, the Nasdaq Composite (IXIC) is pacing for a whopping 10th straight weekly win, after a week chock-full of headlines from both Wall Street and Washington, D.C. Specificall...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 254,086108,43953,521146,161312,638453,768474,598 Change from Prior Reporting Period 39,916-857133-13,51526,85126,53426,127 Traders 21872684755291173 Small Speculators LongShortOpen Interest 50,87130,041504,639 2,0222,42928,556 non reportable positionsChan...Read More
By: IRA EPSTEINBig volatility can create no volatility for a while, everyone worn out. Gold in a correction phase, nothing bearish looking on the weekly chart.Read More
GATA's Sheer Ignorance About GoldAs I have said before, my job on FATrader.com is to further intellectual honesty about financial markets but cutting through much of the dross being presented by most analysts and media outlets.So, as I am known to do, I will peruse the various posting through the interest for something interesting and then write about it.And, while I cannot say what GATA writes is...Read More
Wall Street is also digesting a key inflation updateDow Jones Industrial Average (DJI) futures are signaling a strong start to March, last seen more than 170 points above fair value on fresh U.S.-China trade optimism. A Bloomberg report indicated officials from the two countries are preparing a trade agreement for President Donald Trump and Chinese President Xi Jinping to potentially sign by mid-...Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday March 1. China The domestic ferro-chrome spot price rose to 6,850-7,100 yuan per tonne from 6,750-6,950 yuan per tonne a week before after domestic suppliers lifted their prices following Tsingshan's announcement that it had raised its tender price by 100 yuan per tonne on February 25. The news broa...Read More
Wall Street is selling Tesla's newsThe Dow is enjoying solid gainstoday, while the Nasdaq eyes yet another weekly win. But it's not all sunshine and rainbows, as grocery stock Kroger Co (NYSE:KR), biotech ImmunoGen, Inc. (NASDAQ:IMGN), and electric car concern Tesla Inc (NASDAQ:TSLA) are all sharply lower. Here's a quick look at what's got the shares of KR, IMGN, and TSLA struggling today.Options...Read More