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
Who would have thought that JPMorgan's precious metals trading desk is the functional equivalent of the mafia, and Continue...Read More
Bill Powers of the Mining Stock Education podcast discusses the news flow from this junior explorer. At the 2019 Beaver Creek Precious Metals Summit last week in Beaver Creek, Colorado, I had the opportunity to meet one-on-one with numerous junior mining management teams. Due to a rising gold price environment, the expectation and general mood among the management teams was much more positive tha...Read More
The Fed meeting will kick off tomorrow, tooThe Dow kicked off the week with a triple-digit loss, snapping what was an eight-day winning streak. The big surge in oil prices was the talk of the town, as the Saudi Arabia attacks -- which create a massive disruption to crude oil production -- had energy stocks soaring, but sparked uncertainty over the impact to the global economy. The S&P 500 and N...Read More
J.P. Morgan Securities slashed its December 2020 price target on FDX to $168The shares of FedEx Corporation (NYSE:FDX) are lower today, after J.P. Morgan Securities cut its December 2020 price target by $4 to $168. This comes just one day before the shipping giant's fiscal first-quarter earnings report, slated for release after the close tomorrow, Sept. 17, and has the stock down 0.5% to trade at...Read More
The pellet segment of the seaborne iron ore market is starting to show signs of moving from annual contracts to shorter-term ones.The recent drop in iron ore prices amid improvements in Brazilian and Australian supply and a weak global steel market have led to buyers renegotiating the premium they had agreed with Brazil's Vale under annual contracts for pellet shipments to be made in the last thre...Read More
HEAR is set to extend its daily win streak to threeThe shares of Turtle Beach Corp (NASDAQ:HEAR) are trading up 8% at $10.64, pacing for a third straight win. Options traders are reacting to this sharp move higher, with nearly 2,500 contracts traded so far -- four times what's typically seen at this point. The bulk of the action has occurred on the call side, with speculators potentially positioni...Read More
RIG's aggressive move higher is catching bearish traders off guardTransocean LTD (NYSE:RIG) stock is ripping higher, as oil prices spike in reaction to weekend drone attacks on Saudi Arabian crude production facilities. RIG shares are up 13.4% to trade at $6.50, gapping above their 100-day moving average -- currently perched at $6.00 -- for the first time since late April. This aggressive move hig...Read More
TOL stock is headed toward its fifth straight winToll Brothers Inc (NYSE:TOL) stock is showing strength amid a down day for the broader equities market -- up 1.8% at $39.44, set to extend its winning streak to five. Today's pop has caught the eye of options traders, with single-session call volume already at a new 52-week peak.By the numbers, roughly 17,350 calls are on the tape at last check, alm...Read More
Andy Hecht: Natural gas can be one of the most volatile commodities that trade on the futures market. Since 1990, the price has traded from lows at $1.02 to a high at $15.65 per MMBtu. Over the past three decades, the fundamentals for the natural gas market gave changed dramatically. Discoveries of massive natural gas reserves in the Marcellus and Utica share regions of the US and technological ad...Read More
StrengthsThe best performing metal this week was palladium, up 4.41 percent. Central banks continue to stock up on gold - led by Russia, the world's top buyer for seven consecutive years. Russia's central bank quadrupled its gold holdings in the last decade and has diversified away from U.S. assets. According to Bloomberg, the value of the nation's gold surged 42 percent in the past year to $1...Read More
For a rare change, global markets seem genuinely concerned about the news. A drone attack by Iran over the weekend knocked out more than half of Saudi Arabia's refining capacity, amounting to roughly five percent of global supply. Fox and other news outlets underplayed the story initially, putting it beneath the latest sex charges against Kavanaugh. But the Saudi story shot up to the top of the...Read More
Please Listen HereInterview Recap.ONEGOLD Inc. holds physical gold and silver metals at the Royal Canadian Mint through our friends at APMEX and Sprott Inc. The first online marketplace to offer secure and convenient buying, selling and redemption of digital PMs. ONEGOLD uses VaultChain, a secure, immutable blockchain ledger from Tradewind Markets, the leading innovator in digital precious m...Read More
By: Ira EpsteinBonds also a crowded trade. Gold weekly chart has not taken out any important lows..Read More
Cruise ship Carnival is also in the crosshairs as oil prices surge Stocks are lower today, and the Dow is on pace to snap its eight-day win streak as drone strikes in Saudi Arabia have oil prices skyrocketing, sparking even more geopolitical anxieties. Three stocks in particular moving on the news are cruise concern Carnival Corp (NYSE:CCL), as well as oil majors (and Dow stocks) Exxon Mobil Corp...Read More
The proposal by Hong Kong Exchanges & Clearing Ltd (HKEX) to buy the London Stock Exchange Group (LSEG) has raised a number of questions among metals market participants, most of whom are skeptical that the deal will go through during a time of political upheaval.HKEX's ?29.6-billion ($36.5-billion) proposal to acquire the LSEG was announced on Wednesday September 11, and comes seven years a...Read More
One weekago Cameco announced it will maintain low output levels until uranium pricesrecover. The Canadian uranium miner also said it might cut production further, having already closed four mines in Canada and laid off2,000 of its workers in the uranium mining hub of Saskatchewan. Cameco share price Newslike this has stalked the uranium market for years, and while 2018 was a greatyear for the...Read More
Sector expert Michael Ballanger uses storytelling and personal experience to unpack the myths and machinations behind the precious metals and financial markets. "Destroyers seize gold and leave to its owners a counterfeit pile of paper." —Ayn RandWhy don't we start things off a tad differently this evening? Let me relate to you all a parable from the Book of Quantitative Easing where all is...Read More
Oil prices keep grinding higher after this weekend's events in Saudi ArabiaThe Dow Jones Industrial Average (DJI) is lower today, as investors try to gauge the impact of a sharp spike in oil prices on stocks. October crude futures were last seen adding to their recent strength, up 11.6% at $61.20 per barrel in response to the Saudi Arabia attacks. So while energy stocks are making huge moves highe...Read More
Eastern China's Shagang has raised the list prices for its rebar and wire rod booked in mid-September.The mill is selling its HRB400 16-25mm rebar at 3,820 yuan ($537) per tonne over the September 11-20 period, up 100 yuan per tonne from its...Read More
Key data from the pricing sessions in New York, London and Shanghai in the week ending Friday September 13.United StatesKey drivers Spot silicon fell below $1 per lb on the low end for the first time in three years in the United States, on excess supply and the undercutting of domestic material by overseas suppliers.Consumers are themselves said...Read More