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
Adjustments to EU safeguard measures will "stabilize trade flows by containing import concentrations from certain exporting countries," the European steel association Eurofer said on Tuesday October 1.Although the changes will result in improvements, "the result is still not sufficient for a large part of the sector, especially given that it is facing depressed domestic steel demand," Eurofer said...Read More
Nomura Instinet started with a $70 price target and "buy" ratingThe shares of Etsy Inc (NASDAQ:ETSY) are slightly higher this morning, after Nomura Instinet initiated coverage with a "buy" rating, and a $70 price target -- right back underneath the equity's late-March record highs. The analyst said the e-tailer's new free shipping program could help boost its e-commerce market share and margins. T...Read More
Long-term put traders have targeted WLL stockWhiting Petroleum Corp (NYSE:WLL) has been obliterated on the charts in the past year, suffering a steady downtrend, and more recently falling from $18 to yesterday's close of $7.31 in under two months. The energy concern is under pressure again today, down another 2.5% at $7.10, after Credit Suisse downgraded WLL to "underperform" from "neutral," and l...Read More
William Blair initiated coverage on FIVE stock with an "outperform" ratingWilliam Blair initiated coverage on Five Below Inc (NASDAQ:FIVE) with an "outperform" rating, saying the company creates a "unique" experience for young shoppers, and cited an "attractive" financial backdrop and "solid" cash flow. Additionally, the analyst in coverage forecast high-teen to low 20% annual revenue growth for t...Read More
Ferrous scrap prices continued on a downtrend in the week ended Friday October 4 on pervasive weak sentiment throughout key markets. The global demand for downstream finished steel remained poor, and steel mills continued to buy scrap cargoes at lower prices. Turkey prices drop toward end of week US sellers offload two cargoes to Turkey Asian buyers get cargoes via bargain-hunting India import pri...Read More
AAPL has reclaimed its year-over-year breakeven level today as a resultWhen we checked in with Apple Inc. (NASDAQ:AAPL) on Monday, J.P. Morgan Securities was bullish on the company's iPhone 11 volume forecasts. Those predictions have now rang true, after Nikkei reported that Apple had asked suppliers to boost production up to eight million units. The news has Apple stock up 2%, to trade at $225.30...Read More
The unemployment rate moved lower again U.S. stock futures are pointing to a positive start to the trading day following the release of the September jobs report. Nonfarm payrolls for the month rose by 136,000 -- 9,000 fewer than expected, though the unemployment rate fell to 3.5%, the lowest in almost 50 years. This caps off a week of mostly disappointing economic data that has reignited calls fo...Read More
The three-month price of lead on the London Metal Exchange was the standout performer at the close of trading on Friday October 4, settling at its highest level in 13 months despite low turnover, while nickel continued to trend higher over the afternoon.Lead futures closed at $2,160 per tonne on Friday, gaining by 1.6% over the afternoon while some 3,200 lots were exchanged by the close, lower tha...Read More
Looking to establish a position in Newcrest at under $20 if there is an opportunity.Newcrest has a strong balance sheet and stable financial and operating performance which makes it ideal for portfolio diversification and exposure to gold.Trading at a 13% premium to peers in terms of EV/EBITDA multiple, so I am suggesting to wait for a dip in price before accumulating.This article is a continuatio...Read More
The price of stainless steel sheet in Europe was unchanged this week because low demand had prevented mills from implementing higher monthly alloy surcharges for October, sources told Fastmarkets on Friday October 4.Although not all major mills have yet announced their October surcharges, others have done so, with increases of ?,?150-170 ($164-186) per tonne from September levels, with respect to...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
The gold miners' stocks are correcting. They've been sliding and drifting lower on balance since their powerful recent upleg peaked a month ago. Corrections are normal and healthy in ongoing bull markets, rebalancing sentiment to pave the way for the next upleg. They also offer the best buy-low opportunities seen inside secular uptrends. Deploying capital in gold stocks after corrections...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
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
The CIS export billet market started to show signs of a rebound by the end of the first week of this month, with producers unwilling to cut prices any further because they were on the verge of making losses, Fastmarkets heard on Friday October 4.Some mills have already announced that they plan to stop, or to continue to idle, some of their capacities because of the market conditions.In particular,...Read More
Following a flip in global steel and ferrous trade flow trends last year caused by economic jitters in Turkey, trade defenses by the United States and production cuts in China, this year it is steel prices that are turning upside down. Hot-rolled coil (HRC) prices are now below rebar prices in a phenomenon rarely seen outside of the Chinese domestic markets. HRC import prices in Vietnam have...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
The recent correction in the sector has halted CDE's advance. Nothing has changed that would alter my opinion of the company. In fact, the fundamentals have improved even more since August.In September, CDE agreed to exchange $20 million of its Senior notes for its common stock, and it also made an "at the market" offering of $75.0 million.These two stock offerings have resulted in a $93.9 mi...Read More