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

XRAY sports bargain-bin options at the moment, tooHealthcare stock Dentsply Sirona Inc. (NASDAQ:XRAY) has spent the past two months trading in a tight range between the $50 and $54 levels. Smack in the middle of this recent consolidation is a trendline that could have bearish implications in the coming weeks, if past is precedent. More specifically, XRAY is staring right up at resistance at its...Read More

Options are already popular on both stocksUber Technologies Inc (NYSE:UBER) and LYFT Inc (NASDAQ:LYFT) are both trading higher today following bullish analyst attention. HSBC released a note upgrading each stock to "buy," saying sentiment has turned bearish on UBER and LYFT shares, especially due to last quarter's poorly received numbers. The brokerage firm also said it was possible for the compa...Read More

What if it’s not a new bull market for gold? What if gold prices are going lower – not higher?Think it can’t happen? Think again.In December 1987, gold prices stood at just over $500.00 per ounce. They had been on a tear for the previous three years after hitting a post-peak low of just under $300.00 per ounce in February 1985.The increase in gold’s price of $200.00 per oun...Read More

DKS stock is coming off a four-week winning streakWells Fargo downgraded Dick's Sporting Goods, Inc. (NYSE:DKS) to "market perform" from "outperform," saying it's "moving to the sidelines," with the retail stock up 25% year-to-date through Friday's close at $39 -- in line with the brokerage firm's DKS price target. Wells Fargo also expressed concern over the sporting goods retailer's "ability to s...Read More

An estimated 48,000 workers head to the picket lines this morningGeneral Motors Company (NYSE:GM) is in focus this morning, after labor union United Auto Works (UAW) went on strike overnight, since contract talks over the weekend stalled. There's an estimated 48,000 hourly workers reportedly headed for the picket lines this morning, the first nationwide strike at GM in 12 years.The UAW is calling...Read More

Rising oil prices could lead to higher costs for Delta Air Lines This weekend's drone strike at oil facilities in Saudi Arabia has done a number on the travel sector this morning, with investors afraid that a spike in oil prices will lead to higher costs for airlines. The shares of Delta Air Lines, Inc. (NYSE:DAL), in particular, are looking to snap their five-day win streak -- their longest sin...Read More

The three-month copper price on the London Metal Exchange was lower at the close of trading on Monday September 16, below nearby support levels, while a continued sell-off in nickel futures saw that commodity's outright price fall by 2.6%.Volumes traded in copper over the afternoon were moderate, with some 17,000 lots exchanged by the close, while the red metal's closing price of $5,870 per tonne...Read More

Crude production facilities in Saudi Arabia were attacked over the weekend Dow Jones Industrial Average (DJI) futures are below fair value this morning-- putting the blue-chip index's lengthy winning streak at risk -- with Wall Street spooked by a weekend drone attack on Saudi Arabian crude production facilities. This has oil prices eyeing their biggest one-day gain since February 2016, though, wi...Read More

The Turkish steel producers went quiet in the deep-sea scrap markets at the beginning of the current week, digesting the latest cargo transacted from the United States, sources said on Monday September 16.A steel mill in the Izmir region booked a US cargo at the end of last week, comprising 15,000 tonnes of HMS 1&2 (80:20) at $240 per tonne, 15,000 tonnes of shredded at $245 per tonne and 2,000 to...Read More

Short-term risks have risen, from a chart perspective"In 2014, the SPX was rejected at 2,000, and a near-7% correction ensued over the next month. Ultimately, the historically significant, but unpopular, 320-day moving average marked an important bottom. And if the mid-August 2019 closing low at 2,840 marks a low, the pullback from closing high to closing low would be about 6%, with the bottom occ...Read More

Nickel mining operations across four unspecified sites in the Philippines' Tawi-Tawi region will be halted indefinitely to facilitate the implementation of the country's Bangsamoro Responsible Mining law, Environment, Natural Resources and Energy Minister Abdulraof Abdul Macacua said on Monday September 16. The suspension will further reduce the country's declining nickel output, which fell by 16....Read More

Here are five Fastmarkets MB stories you might have missed on Monday September 16 that are worth another look.Brazilian multi-metal and mining company Vale has announced plans to build a further two nickel smelters in Indonesia in joint ventures with China and Japan, the deputy chief executive officer of Vale Indonesia said in a Saturday September 14 news interview.Newmont Goldcorp has suspen...Read More

Michael Nowak, the global head of trading for both base and precious metals at JPMorgan Chase, allegedly oversaw an illegal market manipulation operation.He was placed on leave in late August and is a target in a widening DOJ criminal probe.Reuters reports that Nowak and Gregg Smith, whose title is unknown at this time, are the third and fourth people now implicated in a criminal price rigging...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

David HaggithOne argument for last week's extraordinary plunge in bond prices, which I explored as something that might happen this time of year in one of my earlier Premium Posts, was that bond prices could get crushed by the supersized US treasury auctions planned for September and October as the government makes up for its inability to issue new debt during the debt-ceiling standoff.While poi...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

Realistic ForecastsProfound Technological ChangeIncome ChallengesCrazy NumbersNew York and HoustonScientists say the rules change in a cosmic "black hole" at what astrophysicists call the event horizon. How do they know that? Not by observation, since what happens in there is, by definition, un-seeable. They infer it from the surroundings, which say that the mathematics of the universe as we und...Read More

Following a flip in global steel and ferrous trade flow trends last year caused by economic jitters in Turkey, trade defenses by the United States and production cuts in China, this year it is steel prices that are turning upside down. Hot-rolled coil (HRC) prices are now below rebar prices in a phenomenon rarely seen outside of the Chinese domestic markets. HRC import prices in Vietnam have...Read More