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

MNST is heading for its lowest close since AprilThe shares of Monster Beverage Corp (NASDAQ:MNST) are lower this morning, after Guggenheim cut its rating to "neutral" from "buy." The analyst in coverage also slashed their price target to $60 from $74, and noted that they see Coca-Cola's (KO) foray into the energy drink business as a big headwind. At last check, Monster Beverage stock was down 2....Read More

Dow futures are sharply below fair valueDow Jones Industrial Average (DJI) futures are trading below fair value this morning, pointing to a more than 100-point drop for the index, as U.S. stocks look to extend their weak start to the fourth quarter. The Dow and S&P 500 Index (SPX) experienced sharp losses on Tuesday due to bleak manufacturing data, and economic data is in focus again today, with t...Read More

Stocks tend to underperform after the gap between bulls and bears gets this wideIt was just about seven months ago -- and roughly 6% ago, in terms of S&P 500 Index (SPX) returns -- that we last discussed the significance of the so-called "bulls minus bears" measure in the weekly Investors Intelligence (II) sentiment survey. This metric, as literally as the name suggests, tells us how wide the gulf...Read More

The price of steel rebar in the Southern European domestic market was stable this week but further decreases were likely because of continuing losses in the ferrous scrap market, sources told Fastmarkets on Wednesday October 2.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Southern Europe, was ?,?455-465 ($496-507) per tonne on Wednesday, unchanged week...Read More

Traders should target underperforming stocks with a high number of "buy" ratingsThis week I'm going to do a basic sector analysis using our contrarian philosophy. For those unfamiliar with our contrarian approach, we look for stocks which have performed well but are despised by investors. The pessimism is an indicator of sideline money. As a stock outperforms, it starts to become clear for the bea...Read More

David BeckerOct 01, 2019 7:11 PM GMTGold Price, Commodities InvestmentGold prices whipsawed, initially moving lower but rebounding sharply during the North American trading session following a weaker than expected ISM manufacturing report. The unexpected reading put downward pressure on US interest rates, which in turn weighed on the US dollar. This paved the way for higher gold prices. The dollar...Read More

The price of steel rebar in the Northern European domestic market has moved down this week becai=used of the continuing losses in the ferrous scrap market, sources told Fastmarkets on Wednesday October 2.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Northern Europe, was ?,?460-475 ($502-518) per tonne on Wednesday, down by ?,?10-15 per tonne from the w...Read More

David H. Smith The people who are prepared are going to reap rewards such as they have never dreamed. We're going to have the biggest transfer of wealth in history - from the fools - to those who are prepared. - Bob MoriartyThe run up of the last few months to $1,565 gold and $19 silver has stalled out into a relatively high-level correction, giving back less than might be expected after such a...Read More

Donald Trump has become only the fourth president in U.S. history to be the subject of a House impeachment inquiry. The details are still unfolding, and it's an extremely divisive topic. If history is any guide, it's highly unlikely that Trump will be convicted of any impeachment charges, especially with Republicans in control of the Senate. The only two presidents who have ever faced such charg...Read More

A judge in the United Kingdom has ruled that broker Marex Spectron must pay up to $32 million in losses to French bank Natixis stemming from a case of forged warehouse receipts more than two years ago.The court found both Marex Spectron and Glencore-owned Access World negligent.Natixis sued Marex Spectron and Access World in 2017 over fraudulent receipts. Marex rejected the lawsuit, and a trial wa...Read More

Craig HemkeYou didn't actually think that a couple of indictments were going to change things, did you? By now you must understand that The Banks will continue to manage and rig prices until the time comes that it is no longer profitable for them to do so.In case you need a summary of recent events, please take time to review these three links:o https://www.cnbc.com/2019/08/20/another-ex-jp-mor...Read More

- Dave Kranzler"[Whatever] the repo failure involved, it is likely to prove a watershed moment, causing US bankers to more widely consider their exposure to counterparty risk and risky loans, particularly leveraged loans and their collateralised form in CLOs. a new banking crisis is not only in the making, for which the repo problem serves as an early warning, but it could escalate quite rapid...Read More

Jordan Roy-Byrne CMT, MFTASeveral weeks ago both Gold and gold stocks hit major resistance after strong but extended moves. A correction or pause was to be expected. Clearly, we can now say, the sector is in correction mode.Corrections tend to have three legs: a simple down up down or A-B-C pattern. The gold stocks (and Gold) appear to be on the C leg of that A-B-C pattern.Below we plot the dail...Read More

Stewart Thomson 1. China's "Golden Week" holiday is underway and gold markets there are closed for the week.2. The demand vacuum created by this holiday often contributes to a gold price swoon, and that's happening now.3. Please click here now. Double-click to enlarge this GDX swing trade chart.4. My www.guswinger.com subscribers are enjoying the price swoon because...Read More

By: Ira EpsteinGold remains over the 18-week moving average. Market holds an upside bias long-term. Daily chart shows head-shoulder TA formation..Read More

Demand for flat steel products in Turkey was weak in September 2019 because of global price falls, market participants have told Fastmarkets.And local producers have now filled their order books until late November, they said on Wednesday October 2.Turkish steel prices increased on May 17 after the import duty into the United States, which had been applied at a rate of 50% in September 2018, was c...Read More

Here are five Fastmarkets MB stories you might have missed on Wednesday October 2 that are worth another look.Estimated arbitrage opportunities between Southeast Asian warehouses and the US Midwest were little changed in September, on a steady US aluminium market.The US copper cathode premium fell to its lowest level since July 2018 due to weakened demand and United States-China trade war concerns...Read More

In 2019, no one should need any convincing that advisors and investors love cheap exchange traded funds. Usually, it's a case of "the cheaper, the better." For the uninitiated, the latest example of cheap works is the SPDR Gold MiniShares Trust GLDM, +1.22%. GLDM, came to market in June as a cost-effective alternative to the SPDR Gold Shares GLD, +1.17%, recently topped $1 billion in assets under...Read More

The whole battery supply chain will benefit from lithium benchmark pricing, Fastmarkets head of battery raw materials research William Adams says as he explores what is driving auto manufacturers to support this pricing mechanism. The auto industry is going through a period of unprecedented change due to companies introducing electric vehicles (EV) into their portfolios alongside internal combusti...Read More

The dream of building a new world-class copper-gold mine in Pakistan in an area bordering Afghanistan and Iran has been dashed, for now at least. The saga of Tethyan Copper Co's (TCC) efforts to develop the Reko Diq mine found resolution last week with an International Centre for Settlement of Investment Disputes (ICSID) ruling in favor of TCC following a dispute that has rumbled on for years.TCC,...Read More