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 spot rebar prices and its futures contract fell further on Thursday September 19 after a draft specifying looser steelmaking curbs for the remainder of the year was circulated via social media, though there is still no official word on such restrictions.Domestic Eastern China (Shanghai): 3,670-3,700 yuan ($517-521) per tonne, down 30 yuan per tonneNorthern China (Beijing): 3,580-3,620 yuan...Read More

Ramp-ups in Chinese nickel pig iron (NPI) production will not inhibit the use of traditional ferro-nickel in European stainless steel production, multinational miner Anglo American's head of business intelligence told Fastmarkets at the International Stainless and Special Steel Summit in Seville, Spain, on Tuesday September 17.Chinese production of NPI was up by 50.9% year on year in July 2019 to...Read More

Next week will feature the final second-quarter GDP and fresh housing market dataThe Fed meeting may have come and gone, but the final stretch of September still offers plenty of data for Wall Street to digest. The last full week of the month featuresthe latest second-quarter gross domestic product (GDP) reading, along with more housing market data, and closely watched consumer spending stats. On...Read More

The S&P 500 held on for a third straight win, thoughThe Dow finished lower today, erasing gains in late-afternoon trading as Wall Street monitored ongoing U.S.-China trade talks. The blue-chip index traded up over 125 points at session high thanks to upbeat economic data and a big day for Microsoft (MSFT), but swung lower after a tweet from the editor of China's Global Times said Beijing was "not...Read More

PRVB stock is eyeing its lowest close in months, while IGC stock is set for a big win Stocks are pacing for a mixed finish this afternoon, with the Dow erasing early gains driven by Microsoft (MSFT) and upbeat economic data. Three other stocks on the move today are healthcare names Provention Bio Inc (NASDAQ:PRVB) and India Globalization Capital, Inc. (NYSEAMERICAN:IGC), as well as marijuana issu...Read More

SKWS stock is eyeing its longest daily losing streak in a yearIt's been a rough stretch for Skyworks Solutions Inc (NASDAQ:SWKS) stock. The shares are down 0.6% today to trade at $79.77, headed toward their sixth straight daily loss -- their longest losing streak since last September. Today's drop comes even after Cascend Securities boosted its SWKS price target to $95 from $90, pointing to 5G inf...Read More

The gold fund hit a three-year peak in early SeptemberGold prices have been surging since June amid increasing U.S.-China trade tensions and signs of a slowing global economy. This positive price action has been seen in the VanEck Vectors Gold Miners ETF (GDX), which tapped a three-year high at $30.96 on Sept. 4. The exchange-traded fund (ETF) has since eased back from this peak, and one options t...Read More

History may not repeat itself to the letter but it certainly rhymes. That’s what the Fed watchers would say now. The Fed cut the interest rates for the second time this year and the price of gold declined again. What is going on? Fed Trims Interest Rates by 25 Basis PointsYesterday, the FOMC published the monetary policy statement from its latest meeting that took place on September 17-18th....Read More

There's also big downgrade potential weighing on CLREnergy stocks have been in focus lately amid the rampant volatility in oil prices. This has translated into outsized gains for Continental Resources, Inc. (NYSE:CLR), up 17% in September. However, this surge has a downside; it takes the oil & gas name right up to a trendline with historically bearish implications. More specifically, CLR has run...Read More

The Fed's so-far $128 billion intervention in the repo market slipped off the Wall Street Journal's front page by evening, hardly a concern. Don't be surprised if, years from now, the squeeze on short-term borrowers that caused this flurry of excitement is cited as an early warning sign of the banking system's coming collapse. On Tuesday, there simply weren't enough dollars around to keep short...Read More

This is part 2/2 of my Silver Price 2019 trend forecast update - Part1 - Silver Price Tragets for 2019 - Forecast UpdateSo the Silver big question for 2019 is will the price be capped at resistance at $21 or like the Gold price breakout of its 5 year trading range to target the next resistance area of $25. This analysis was first been made available to Patrons who support my work. Silver Investin...Read More

By: Gary SavageGold $1,450 / $1,480 as potential downside targets. Gold is just going to take some time to undergo intermediate correction..Read More

CyberArk Software stock just pulled back to it 52-week moving average Cybersecurity name CyberArk Software Ltd (NASDAQ:CYBR) is eyeing its fifth consecutive win today, set for its biggest weekly gain since the stock hit a record high of $148.74 back in late July. While the equity has cooled since then, a sharp bounce off the $97 region, as well as a historically bullish trendline, suggests CYBR co...Read More

Microsoft is higher after the tech giant unveiled a new share repurchase programThe Dow Jones Industrial Average (DJI) is higher at midday, with Microsoft (MSFT) stock the best of the blue chips amid buyback buzz. Stocks are also reacting to upbeat economic data -- namely, an unexpected rise in existing home sales in August, and a slimmer-than-forecast decline in the Philadelphia Fed's manufacturi...Read More

Two massive blocks of puts traded in the EWH December options series early todayOptions are active early today on the iShares MSCI Hong Kong ETF (NYSEARCA:EWH), with roughly 52,000 puts changing hands in the first hour of the session -- representing 16 times the expected intraday volume, according to Trade-Alert. A closer look at the most active EWH option strikes today reveals that most of the pu...Read More

TGT options traders have been loading up on putsThe shares of Target Corporation (NYSE:TGT) are up 0.4% to trade at $107.37 today, after the retailer announced a new $5 billion share buyback plan, which will be completed in its 2020 fiscal year. Target also unveiled a quarterly dividend payment of 66 cents per share.Target stock remains within striking distance of its Sept. 6 record high of $110....Read More

The firm widened its third-quarter loss forecast to 35 cents per shareThe shares of United States Steel Corporation (NYSE:X) gapped lower at the open today, and are now trading down 13.9% at $10.72, after the company late Wednesday updated its third-quarter forecast to a loss of 35 cents per share -- arriving well below the consensus estimate for a loss of 7 cents. The firm cited falling steel pri...Read More

The Dow stock appears headed for its longest winning streak since early AugustMicrosoft Corporation (NASDAQ:MSFT) stock has made a definitive move higher this morning -- up 1.4% at $140.50 -- on news the tech giant's board of directors approved an 11% quarterly dividend hike and a new stock buyback program of up to $40 billion in share repurchases. MSFT also said its annual investor day will fall...Read More

Yet another analyst migrated to the bullish camp for cloud stock TWLOCloud communications specialist Twilio Inc (NYSE:TWLO) is in the bullish spotlight today, after Morgan Stanley upgraded the stock to "overweight" from "equal weight." The brokerage firm also raised its price target on TWLO to $135 from $130, implying expected upside of about 20% to Wednesday's close at $112.55.On the charts, TWLO...Read More

Deputy negotiators from both countries will meet todayIt's poised to be a lower start on Wall Street today, with futures on theDow Jones Industrial Average (DJI) trading just below fair value. This comes after a divided Fed sent markets to a mixed finish on Wednesday, while today, traders are eyeing a round of U.S.-China trade talks, with deputy negotiators from both countries meeting face-to-face...Read More