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 UAW rejected GM's latest offer General Motors Company (NYSE:GM) stock is lower, after Sunday's negotiations between the automaker and the United Auto Workers (UAW) union took a "turn for the worse," according to Terry Dittes, who is the UAW vice president of the GM division. Specifically, the UAW rejected GM's offer of a new four-year labor contract, which Dittes said "did nothing to advance a...Read More
By Andy Hecht : Starting and June and through the beginning of September, gold and silver prices were back in bullish mode. Gold rose to its highest price since 2013 and silver to its peak since 2016. The nearby gold futures contract traded up to a high at just under $1560 per ounce. Silver peaked at just under $19.54. Markets rarely move in a straight line, and corrections can be healthy for bull...Read More
StrengthsThe best performing metal this week was gold, up 0.51 percent. Gold traders and investors are positive on future gold prices in this weeks' Bloomberg survey. For the first time in a month the gold bulls outnumbered the combined bearish and neutral responses. ETFs added 39,919 troy ounces of gold to their holdings on Thursday, marking the 14th straight day of inflows, according to Bloomb...Read More
https://edsteergoldsilver.com/YESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUM(05 October 2019 -- Saturday) The gold price crawled quietly higher until around noon China Standard Time on their Friday -- and then didn't do much of anything until the jobs report hit the street at 8:30 a.m. in New York. It was sold down about ten bucks or so over the next thirty minutes -- and back below $1,500...Read More
Avi Gilburt, Elliott Wave TraderAs the media highlights the potential impeachment process in the coming weeks, many are so concerned that this will be the "cause" of the market drop we are expecting. Yet, history suggests otherwise.The narrative will certainly play out as follows: The market likes certainty and stability within our government. (Please ignore that this was the same reason many cl...Read More
The Dow Industrials ended the week with an 800-point Whoopee Cushion bounce that recouped two-thirds of a 1300-point loss suffered days earlier. The swoon, exhilarating as it may have seemed to traders, will do little to brighten an economic picture that has gone from boom to gloom since mid-summer. One might think that the dark cloud of recession over China and Europe would have caused investor...Read More
By: Ira EpsteinGold's short-term trend is lower, finding support at the 18-week moving average..Read More
Range bound trade in gold and silver should be broken this week and a new range should be formed. There will be good demand in gold as long as it trades over $1480. There will be good demand in silver as long as it trades over $1680. Copper, zinc and nickel are poised for a ten percent one way move. Industrial metal price moves will be dependent on perception of recession among traders. Chinese...Read More
U.S.-China trade officials will meet in Washington, D.C., later this weekThe Dow Jones Industrial Average (DJI) is trading just below breakeven at midday, but has pared sharper losses from the morning. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) have climbedinto the black, though, after earlier being down on reports of China's reluctance to hammer out a trade dealin Washington, D.C., la...Read More
After a September earnings disappointment, Adobe stock just met up with a key supportive trendlineShares of technology powerhouse Adobe Inc (NASDAQ:ADBE) are just about flat in today's session, trading fractionally higher at $277.21. The stock is down about 10.9% from its July 26 closing high of $311.27, with the pullback exacerbated by a negative earnings reaction in mid-September. However, ADBE...Read More
The markets for ferro-chrome with both high carbon and low carbon (0.10% C) content ticked upward in the week ended Friday October 4, with support from low supply volumes coming into the spot market. High- and low-carbon alloy prices rise in Europe Imported alloy price in China increases Domestic alloy price rolled over in China US alloy market stable.Prices for high and low carbon (0.10% C) ferro...Read More
Both NVDA and AAPL could be sensitive to the U.S.-China trade talks this weekThe shares of Nvidia Corporation (NASDAQ:NVDA) are trading up 2.5% this morning at $186.61 after RBC's price-target hike to $217 from $190, which was based off the firm's bullish view of NVDA's gaming and data center businesses. The chip stock has now jumped more than 18% in the past three months and is pacing for its hig...Read More
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 opinio...Read More
J.P. Morgan Securities and Cowen both like 10X Genomics Wall Street newbie 10X Genomics Inc (NASDAQ:TXG) is in focus after not one, but two analysts initiated coverage on the biotech this morning. Specifically, Cowen started following TXG with a "buy" rating, and a $55 price target, while J.P. Morgan Securities began coverage with an "overweight" rating, also giving the equity a $55 price target....Read More
UBER has recently seen resistance from its 30-dayRide-hailing service Uber Technologies Inc (NYSE:UBER) is up 1.5% this morning at $30.11,after receiving an upgrade to "buy" from "neutral" at Citigroup. The brokerage firm waxed optimistic on third-quarter results and growth for the second half of 2019, despite legal troubles the company has endured.Though it's still early, today's gains puts Uber...Read More
GE said it would freeze pensions of around 20,000 employeesGeneral Electric Company (NYSE:GE) stock is down 0.4% at $8.54, after the industrial conglomerate said it would freeze pension plans for around 20,000 salaried U.S. employees. The move comes as part of the company's broader plan to lower its pension deficit by up to $8 billion.It's been a rough stretch for GE since a late-September rejecti...Read More
The three-month aluminium price on the London Metal Exchange was higher at the close of trading on Monday October 7, topping a broadly lackluster base metals complex amid low turnover, while zinc's benchmark cash/three-month spread narrowed over the afternoon.Aluminium futures closed at $1,746 per tonne in the afternoon, climbing from an intraday low of $1,714 per tonne, while some 10,100 lots wer...Read More
Asa technical trader, one has to really learn to appreciate when a trade“reloads” for another move higher. Much like the Gold base/bottom inApril 2019 below $1300 that we called back in October 2018. When a trendconfirms and we can see the potential for upside profits, but price performs a“deep pullback” withing that initial trend setup – it is almost like...Read More
The CIS export billet market became firmer early in the week following a stabilization of prices in the scrap market as well as fresh billet bookings agreed at higher prices, Fastmarkets heard on Monday October 7.Fastmarkets' daily steel billet index, export, fob Black Sea, CIS, was $352 per tonne on October 7, up by $1 per tonne from Friday.A 50,000-tonnes cargo of Ukraine-origin billet was repor...Read More
Mike Gleason: It is my privilege now to welcomeback Craig Hemke of the TF Metals Report. Craig is a well-knownname in the metals industry and runs one of the most highly respected websitesin our space and provides some of the very best analysis on banking schemes,the flaws of Keynesian economics, and evidence of manipulation in the gold and silver marketsthat you will find anywhere. Crai...Read More