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 Canadian company will look to its new board head for strategic leadership. TerraX Minerals Inc. (TXR:TSX.V) announced in a news release it entered an agreement to acquire the private exploration and development firm Gold Matter Corp. for 5 million shares. The acquisition will result in former Gold Matter shareholders holding about 4% of the issued and outstanding common shares of TerraX. Gold...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
A well-received jobs report for September capped a week filled with disappointing economic dataU.S. stocks ended the week on a high note, with the Dow tacking on over 370 points after a well-received U.S. jobs report for September. The economy added a softer-than-forecast 136,000 jobs during the month, while the unemployment rate fell to a 50-year low of 3.5%. The lukewarm data effectively served...Read More
The September jobs report is propping up Wall StreetThe Dow Jones Industrial Average (DJI) is enjoying outsized gains today, up triple digits after a mixed September jobs report. The report, which showed the unemployment rate falling to a 50-year low, still leaves the door open for the Fed to cut interest rates later this month, as nonfarm payrolls rose by fewer than expected. In addition, Apple...Read More
HP will cut up to 16% of its global workforceHP Inc (NYSE:HPQ) stock is spiraling -- down 10% at $16.56, fresh off a two-year low of $16.46 -- after the tech giant said it will cut about 7,000-9,000 jobs, or up to 16% of its workforce, as part of a broader restructuring effort, which will result in a one-time charge of $1 billion. However, the company also expects these actions to result in saving...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 322,80053,80758,499163,050466,738544,349579,044 Change from Prior Reporting Period -47,593-4,142-2,990-535-41,992-51,118-49,124 Traders 20571845552288183 Small Speculators LongShortOpen Interest 60,53625,841604,885 -2,941-4,935-54,059 non...Read More
- DeepcasterAn essential first step in Profiting and Protecting is obtaining Accurate information about the Economy, Markets, Interventions, Macro forecasts and indeed News in general.We summarize here, but encourage investors and traders to further study the followingGold & Silver Interventionals All citizens should be or become aware of what educated Investors and Traders have long known: th...Read More
Some AVYA options traders may just scored major profitsTwo of the biggest stock moves today are coming from RingCentral Inc (NYSE:RNG) and Avaya Holdings Corp (NYSE:AVYA). The companies last evening announced an exclusive partnership, sending the shares of each soaring, and options activity has picked up in a major way, as well. Let's jump into what's happening around RNG and AVYA shares.RNG was l...Read More
Richard (Rick) Mills, Ahead of the herd This year at AOTH we have tackled a number of reasons for gold and silver's rise, aiming to explain "in layman's terms" what is behind the seemingly relentless move upward - despite the trend-busting reality of a high US dollar. We'll get to that further down this article, but for now, we are summarizing all that we know about why now might be, in our o...Read More
By: Ira EpsteinGold only $19 away from the highest close, impressive. But the daily chart is not so impressive short-term. Gold will see resistance around $1,537 and support around $1,480 (dec contract).Read More
Taiwan will defer the imposition of anti-dumping and countervailing duties on five Chinese steel and stainless steel products, the island's customs administration said last week. The decision to delay the tariffs was made after considering the recommendation of Taiwan's International Trade Commission (ITC), the impact on Taiwan's economic interests and the global economic situation, Taiwan's Custo...Read More
There are times when our research teaminterprets our advanced predictive modeling systems so well that we call a movein the markets 3 to 10+ months in advance of the move actually happening. It has happened for our team of research sooften lately that we are somewhat used to the accolades we receive from ourfollowers and members. Our October 2018Gold price predictions are still playing...Read More
The research firm called SDC a "cash incinerating 'unicorn'"The U.S. stock market is soaring after this morning's jobs report, though all three benchmarks are headed toward a weekly loss. Two individual stocks making notable moves in today's trading are electric car concern Nio Inc (NYSE:NIO) and teledentistry name SmileDirectClub Inc (NASDAQ:SDC). Here's a quick look at what's moving the shares o...Read More
AMTD and SCHW made headlines on plans to eliminate commissionsThis was quite the week on Wall Street, with stocks finishing September strong on Monday, thanks to encouraging buzz on U.S-China trade relations. The Nasdaq Composite (IXIC), Dow Jones Industrial Average (DJI), and S&P 500 Index (SPX) all posted a monthly gain for September, while the latter two took a third straight quarterly win. How...Read More
The pizza chain will report earnings next weekDomino's Pizza, Inc. (NYSE:DPZ) will report earnings on Tuesday, Oct. 8. Ahead of the report, analysts at Wedbush initiated coverage with an "outperform" rating, citing overly negative sentiment toward the pizza chain. The brokerage firm also waxed optimistic on Domino's ability to withstand third-party delivery challenges, and established a price targ...Read More
American manufacturersare scoring ever deeper recessionaryreadings. We haven’t seen this bad an ISM Manufacturing reading in quitea while. Can it take the broader economy with it? And what about gold – whenexactly will it get its shine? ISMManufacturing Index Drops To Disturbingly Low LevelThe September ISM Manufacturing Index registered 47.8percent, a decrease of 1.3 percentage points...Read More
Keefe Bruyette downgraded the equity to an "underperform" rating, and slashed its target price target to $19.50U.K.-based investment management name Janus Henderson Group PLC (NYSE:JHG) is eyeing its fourth consecutive loss today, following a downgrade to "underperform" from "market perform" at Keefe Bruyette. The analyst also slashed its price target to $19.50 from $21, foreseeing "challenged" or...Read More
The chip stock tends to outperform in the fourth quarterTexas Instruments Incorporated (NASDAQ:TXN) stock has been racing up the charts since taking a sharp bounce off its 200-day moving average in late May, with the shares hitting a record high of $131.80 on Oct. 1. The equity has pulled back slightly from this milestone, but history suggests new highs could be on the horizon.Specifically, the ch...Read More
Precious metals markets enter the often favorable fourth quartertrading season with the potential to reinvigorate their major uptrends. Despite posting impressive gains in the third quarter, gold and(especially) silver finished it on a downbeat note.On Monday, sellers smashed silver spot prices down3.6% to test the $17.00/oz. level.The disappointing finish to the month and the quarter do...Read More
COST has still added 40% in 2019Costco Wholesale Corporation (NASDAQ:COST) is seeing a sluggish start to today's trading, last seen down 1% at $286.15, after the company reported quarterly revenue and comparable-store sales that missed analyst estimates. While Costco said its fiscal fourth-quarter sales miss was due to increased competition, it still managed to beat per-share earnings expectations...Read More