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

Turkish domestic and export prices for steel billet have gone down amid soft demand over the past week, while import billet prices mostly remained stable, sources said on Thursday October 3.Fastmarkets' weekly price assessment for steel billet, domestic, exw Turkey, was $360-375 per tonne on Thursday, down from the $380-390 per tonne of last week.Interest in the material was limited because of the...Read More

Prices for steel billet and rebar in Egypt fell in the week to Thursday October 3, on still-limited domestic demand, sources told Fastmarkets.However, Egyptian steel production is expected to increase because of reduced production costs in the country. "Egyptian prime minister Mostafa Madbouly approved the recommendations of a consultancy committee to reduce natural gas prices to some industries -...Read More

The drill results are relayed and interpreted in a Haywood report. In a Sept. 27 research note, Haywood analyst Geordie Mark reported that Luminex Resources Corp. (LR:TSX.V; LUMIF:OTCMKTS) continues to show continuity of high-grade epithermal gold mineralization at its Condor gold-copper project in Ecuador.Mark reviewed results from the latest two holes, CC19-07 and CC19-08, drilled in the Camp z...Read More

The increase in global freight rates caused by tighter emissions control regulations is putting pressure on steel product exporters already facing reduced demand and falling raw materials and steel prices, Fastmarkets has learned. From January 1, 2020, new International Maritime Organization (IMO) regulations come into force to help reduce air pollution from ships globally. Kno...Read More

Fastmarkets looks at the key takeaways from the annual Fastmarkets North American Ferro-alloys conference in Chicago on September 25-27. Slowing economic, steel production growth will weigh on ferro-alloys prices Ferro-alloys prices will continue to fall going into 2020 because of slowing economic growth and falling steel production, Fastmarkets analyst Amy Bennett told delegates in Chicago last w...Read More

The focus turned to more potential rate cuts after a weak ISM services index readingU.S. stocks notched modest gains today after suffering heavy losses through the first two sessions of the week. The Dow finished 122 points higher, as rising expectations for another Fed rate cut helped to boost investor sentiment following this morning's decline in the ISM services index. Meanwhile, the S&P 500 al...Read More

Investors will receive the September PPI and CPI readingsThere a few notable events on the upcoming slate for economic data, including Tuesday's producer price index (PPI) update and the release of the Fed meeting minutes from September. But the main focus will likely be the trade talks between the U.S. and China. The two countries are finally scheduled to meet in Washington, D.C., on Thursday, li...Read More

The social media name unveiled a new camera-first messaging app for Instagram usersFacebook, Inc. (NASDAQ:FB) stock is up 2.7% at $179.23, on news the social media giant is launching a camera-first messaging app for Instagram users called "Threads," that's reportedly similar to Snap's (SNAP) Snapchat. The upside move has FB bouncing from its 200-day moving average -- and options traders betting on...Read More

The banking sector is in focus today with rate-hike expectations rising Bank stocks are in focus today, after the latest round of dismal economic data underscores the chances of another Fed rate cut at this month's meeting. This puts SPDR S&P Bank ETF (KBE) in the spotlight, with the regional bank exchange-traded fund (ETF) at last check seen down 0.4% at $41.45. In response to its recent strug...Read More

SunTrust Robinson expects major growth in cloud software spending It's been a wild day of trading on the U.S. stock market, with the major benchmarks last seen in the green. One sector in particular making a notable move today is cybersecurity, after SunTrust Robinson projected cloud software spending will accelerate at a faster-than-expected clip through 2025, and issued bull notes on several ind...Read More

AMTD stock is down 29% already in OctoberIt's been a bruising week for TD Ameritrade Holding Corp. (NASDAQ:AMTD) stock after Charles Schwab (SCHW) said it is eliminating U.S. stock, exchange-traded funds (ETF), and options commissions. That sent the shares tumbling nearly 26% on Tuesday, while AMTD fell another 3.3% on Wednesday, after the broker said it would drop online trading commissions to ze...Read More

Before making an investment decision, every investor should understand true inflation. But what is true inflation? Currently, inflation is measured using a floating basket of goods in the Consumer Price Index (CPI), which continues to understate true inflation.Two useful tools fordetermining true inflation figures are John Williams’s Shadow Statistics andthe Chapwood Index.  John Willia...Read More

Microsoft had its hardware event on WednesdayMicrosoft Corporation (NASDAQ:MSFT) fell sharply yesterday during the company's annual hardware event, at which it unveiled a number of new products, including a foldable smartphone. But the Dow component is trading up 0.8% at $135.75 today, bouncing from the 120-day moving average. This obscure trendline has actually proven to be an important level for...Read More

An excessive amount of optimism was priced into Archer Daniels Midland stockSubscribers to Schaeffer's Weekly Options Countdown just scored an easy profit on the Archer Daniels Midland Co (NYSE:ADM) weekly 10/4 42-strike put. Below, we'll explain why we expected a big downside move for ADM shares, and how the winning trade unfolded.At the time of our initial recommendation this past Sunday, Sept....Read More

By: Gary SavageLots of erratic whipsawing of traders..http://blog.smartmoneytrackerpremium.comRead More

By: Avi GilburtOriginally published on Sat Sep 28 for our ElliottWaveTrader members: With the various charts we track unable to complete 5 waves up off the low struck two weeks, it would seem that we can count all of those charts as having just completed a corrective rally top, with more pullback likely to be seen. In fact, this is primarily why I have been stressing that I was treating the l...Read More

By: Ira EpsteinGold back to the 18-day moving average, the line in the sand..Read More

Sellers turned gutless Wednesday night after swinging a wrecking ball for most of the day. Shortly before midnight, index futures were trading moderately higher. Usually, prices move at night only when impelled by news that makes buying or selling over short stretches nearly riskless. It wasn't news that sent the Dow Industrials plummeting nearly a thousand points over the last two days, howev...Read More

RBC said the sector could be attractive to traders looking to play defenseDespite the ugly start to October for most stocks, one sector has stood out recently: real estate investment trusts (REITs). In fact, analysts at RBC recently outlined several reasons to like the sector, and named Annaly Capital Management (NYSE:NLY) as its top pick. Meanwhile, fellow REIT American Tower Corp (NYSE:AMT) stoc...Read More

The S&P and Nasdaq have turned higherIt's been a roller-coaster session on Wall Street, with the Dow Jones Industrial Average (DJI) treading water at midday. The blue-chip index was down over 300 points at its session lows, after the Institute for Supply Management (ISM) non-manufacturing index came in at a lower-than-expected 52.6 for September -- its lowest reading since August 2016. But the D...Read More