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 theme park's top executive stepped down after just seven months Stocks are trading mixed today, but little changed overall, as investors continue to eye volatile crude oil prices and a looming Fed policy decision. Three stocks in particular making moves, though, are drugmaker Evoke Pharma Inc (NASDAQ:EVOK), restaurant name Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL), and aquarium conc...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

Stocks are searching for direction as the Fed meeting beginsThe Dow Jones Industrial Average (DJI) is lower again today, setting up the potential for a second straight loss for the 30-stock index. Oil's reversal after Monday's gains is weighing on the market, as October crude futures slide 5.2% to $59.61 per barrel. The energy sector is underperforming as a result, though the S&P 500 Index (SPX) a...Read More

MichaelNowak, the global head of trading for both base and precious metals at JP Morgan Chase, has been charged by the US Justice department for his role inan illegal market manipulation operation. Executive Directors Gregg Smithand Christopher Jordan were also indicted.The three are the latest targets in a widening DOJ criminal probe.Nowakand Smith and Jordan are the third, fo...Read More

MTCH shares are bouncing from their 80-day moving averageMatch Group Inc (NASDAQ:MTCH) is trading up 1.1% at $77.47, after Citigroup gave the stock a "buy" rating, citing the company's opportunity in international markets -- though the brokerage firm also deemed the equity "high risk." MTCH shares have pulled back some since their record high of $95.32 from Aug. 7, but in recent days they've been...Read More

J.P. Morgan Securities lifted its rating on SPLK stock to "overweight"J.P. Morgan Securities upgraded Splunk Inc (NASDAQ:SPLK) to "overweight" from "neutral," saying the data analytics software company's $2 billion second-half bookings target may be a positive catalyst. The brokerage firm also said it expects "a long runway of growth given the company's evolving use cases and expanding platform."I...Read More

After the news of the drone attack on the Saudi Arabia oil refinery, traders knew this week would be full of bigger price moves, reversals and some real opportunity for profits.  We were also well aware of the risks of engaging in these market moves prior to fully understanding the dynamics of this event.  We heard from many of our friends in the industry about open positions that were n...Read More

HD is testing its 20-day moving average this morningThe shares of Home Depot Inc (NYSE:HD) are down 1.2% to trade at $228.31 today, after Guggenheim cut its rating on the home improvement retailer to "neutral" and removed its $230 price target. The analyst in coverage is bearish on HD's relative valuation, and does not see a path to margin expansion in 2020 amid increased capital spending and exp...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

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

A summary of base metals premiums from across the globe for the week to Tuesday September 17.Read More

Ferrous scrap prices in Mexico were stable in Monterrey but started falling in Baj?-o where downward momentum in the United States scrap market has begun to have an impact.In Mexico's central Baj?-o region, Fastmarkets' weekly assessment of steel scrap No1 busheling, consumer buying price, delivered mill Baj?-o, fell to $4,750 pesos per tonne on Tuesday September 17, from 4,900 pesos per tonn...Read More

Way back in January, I showed you that the price of gold had beaten the S&P 500 Index over a number of different time periods, including the month, quarter, year... and even the century (so far!).Last week it was brought to my attention recently in a tweet by Charlie Bilello, director of research at Pension Partners that the yellow metal has also outperformed arguably the greatest living investo...Read More

By: Avi GilburtSeveral weeks ago, the market was in a precarious posture, and had an opportunity to drop down to my next lower targets between 2600-2700SPX. But, it invalidated the set up to point us down there for now, and began pointing back up towards resistance.As I said in my last article on the SPX several weeks ago:Over the last week, we were giving the S&P 500 an opportunity to prove tha...Read More

By: Ira EpsteinGold should have risen $30-40 off the Saudi attack news. Daily gold chart is not looking so bullish..Read More

Inability of gold and silver to rise yesterday, in my view was just profit taking and nothing else. Most of the traders were long or are long before the FOMC tomorrow. So basically zero effect on intraday price move. However gold and silver have risen in all currencies except the US dollar. Gold prices rose in Indian rupees and other Asian currencies. Another reason to short the US dollar Index...Read More

Fastmarkets incorrectly published weekly assessments for its Southeast Asian zinc premium over the past two months when the price should have been published every two weeks.Following a market consultation, Fastmarkets reduced the frequency of publication of a number of base metals price assessments in July in response to low transaction liquidity and a lack of price volatility.As a resul...Read More

The three-month copper price on the London Metal Exchange fell by 0.5% at the close of trading on Tuesday September 17 but held above nearby support levels, while aluminium futures were the only positive mover in a predominantly weaker base metals complex. Copper traded volumes were relatively low over the day at 14,000 lots by the close. Although the red metal's closing price was lower than Monda...Read More

The analyst thinks ZNGA is in a strong position ahead of an anticipated sector consolidationThe shares of online gaming issue Zynga Inc (NASDAQ:ZNGA) are up 2.2% in pre-market trading, after Stephens dubbed the name its "Best Idea" in video games, replacing sector rival Electronic Arts (EA). The analyst said ZNGA is "well positioned" ahead of an anticipated consolidation in the video game space ov...Read More

Here are five Fastmarkets MB stories you might have missed on Tuesday September 17 that are worth another look.Fastmarkets looks at the key takeaways from the seventh Fastmarkets Asian Nickel conference in Jakarta, Indonesia, on September 11-12, from who will fill the Asian supply gap from 2020 to emerging demand for nickel from the electric vehicle battery sector.Import prices for steel slab in S...Read More