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
Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, rigid ideology or conventional wisdom,...Read More
Fastmarkets proposes changing the publication times of its weekly global pig iron and hot-briquetted iron price assessments from 3pm to 4pm London time.The CIS export, fob main port Black Sea and fob main port Baltic Sea, price assessments, along with the pig iron import, cfr Italy, and HBI, cfr Italian ports assessments will be published at 4pm Lo...Read More
Q3/19 production totals from the company's various assets are discussed in a CIBC report. In an Oct. 10 research note, analyst Cosmos Chiu reported that CIBC raised its price target on Kirkland Lake Gold Inc. (KL:TSX; KL:NYSE) to CA$67 per share from CA$64 to reflect the company's "outlook for near-term cash flow generation." In comparison, the gold explorer's stock is currently trading at around...Read More
The company will use these new data in designing the mine and optimizing the prefeasibility study. Gold Standard Ventures Railroad-PinionGold Standard Ventures Corp. (GSV:TSX.V; GSV:NYSE) announced in a news release additional oxide gold results from 15 reverse circulation and core holes at the Dark Star deposit on its Railroad-Pinion project in Nevada. The results "will allow us to redesign the...Read More
Maurice Jackson of Proven and Probable discusses the latest developments in the Goodpaster District with this company's chief executive and senior geologist. Maurice Jackson: Joining us for a conversation are Gregory Beischer, the president, director and CEO, along with special guest, senior project geologist, Chris van Treek, of Millrock Resources Inc. (MRO:TSX.V; MLRKF:OTCQB), a premier project...Read More
Technical analyst Clive Maund's charts explain why he sees this stock as a buy. Tanzanian Gold Corp. (TRX:NYSE; TNX:TSX) looks like it is at an optimum buy spot right now, for reasons that are set out on its latest 6-month chart below.Because the nearby strong support is sharply defined, there is the option to set a close stop just beneath it, which risks being shaken out, of course.Tanzanian Gol...Read More
Import prices for steel slab in Southeast Asia and East Asia fell during the past week, with market participants remaining bearish due to the ongoing plunge in downstream hot-rolled coil prices, sources told Fastmarkets."Margins for steel mills in Southeast Asia have been squeezed because of the decline in HRC prices, which has led to demands for lower slab prices," a source in Southeast Asia said...Read More
China's domestic rebar prices remained flat on Monday October 14 despite China and the United States making some progress in trade talks late last week. Domestic Eastern China (Shanghai): 3,700-3,730 yuan ($522-526) per tonne, unchanged Northern China (Beijing): 3,570-3,600 yuan per tonne, unchangedThe US will be delaying the imposition of additional tariffs on Chinese goods worth o...Read More
As the United States' Section 232 tariffs on steel imports enter the second half of their second year, ferrous markets across the globe are still reeling from their effects.The tariffs - imposed after a year-long Section 232 investigation into whether imports of steel, as well as aluminium, posed a national security risk to the US - were vaunted as policies to safeguard the country's domestic indu...Read More
Stocks finished in the red amid skepticism about a "phase one deal" Stocks finished a relatively quiet session lower today, after trading on both sides of breakeven amid waning optimism over Friday's partial trade deal between Beijing and Washington. Reports emerged that China wishes to continue trade talks before finalizing the "phase one" deal, which would require China to purchase up to $50 bil...Read More
PBI, meanwhile, has swung higher this afternoonThe stock market is trading modestly lower this afternoon, as traders digest the latest U.S.-China trade news. Among individual names making notable moves are data analytics specialist Datadog Inc (NASDAQ:DDOG), e-commerce concern Pitney Bowes Inc. (NYSE:PBI), and teledentistry firm SmileDirectClub Inc (NASDAQ:SDC). Here's a quick roundup of what's mo...Read More
TUR is already pacing for its worst month in more than a yearTheiShares MSCI Turkey ETF (TUR) is in the red today, after President Donald Trump tweeted, "Big sanctions on Turkey coming!" The threat comes after a Turkish invasion of northern Syria, and following the president's orders to withdraw U.S. troops from the area. Against this backdrop, the exchange-traded fund (ETF) is already set for its...Read More
Needham expressed concern over competitive pricing and a drop in Chinese customers Laser manufacturers nLight Inc (NASDAQ:LASR) and IPG Photonics Corporation (NASDAQ:IPGP) are feeling the heat today after Needham expressed concerns about both companies. Below, we'll look at these bear note, and how they're affecting the two semiconductor names. Starting with LASR, the analyst slashed its price tar...Read More
VNET calls were popular coming into todayOne stock making a notable spike today is Chinese data services provider 21Vianet Group Inc (NASDAQ:VNET). The company inked an agreement with Alibaba (BABA) to deploy data center services, and the shares of VNET were last seen up 15% at $8.30. In response, there's unusual options trading on 21Vianet, and calls in particular are popular. Roughly 850 calls h...Read More
Perspective is everything when it comes to the markets. It is always most important to look at the long term charts first and then work your way back to the shorter timeframes. Long term charts also show where major support and resistance resides that can have a calming affect on ones emotions when the inevitable corrections take place.Its been several months or so since we last looked at this 30...Read More
StrengthsThe best performing metal this week was palladium, up 1.98 percent. Even after a weekly loss, gold traders and analysts stayed bullish on their outlook for prices in the weekly Bloomberg survey. Stocks continue to swing and currencies fluctuate ahead of continued U.S.-China trade talks. Just like last week, palladium hit a fresh all-time high this week of $1,707.51 an ounce, according...Read More
Let’s take a look at some indicators that can come together to let us know when the next inflationary bout is in the offing.The spread between 10yr and 2yr yields (the most commonly watched yield spread/curve) is still steepening on the short-term. Live chart available here. What’s more, it is doing this against a short-term bounce in yields (my TBT positions appreciate that) and that...Read More
Skepticism on the positive impact of US-China partial trade deal has resulted and silver trading firm. In my view, there will be more trade deal with other nations should Trump's political problems worsen. Further trade deal between USA and rest of the world will be dependent on internal politics of USA. Trend of gold and silver till Wednesday needs to be closely watched. Trend (whether bullish...Read More
Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason.Coming up MoneyMetals.com columnist and Senior Analyst at The Morgan Report David Smith joins me for another wonderful conversation on why he thinks the recent correction in metals is creating what may be the last great buying opportunity in the sector, and also why he believes those who do buy should be thinking insurance fi...Read More
The 40-day moving average has acted as a short-term speed bump in the pastBlue chip UnitedHealth Group Inc (NYSE:UNH) is 0.4% higher on the charts this afternoon, with traders cautiously optimistic ahead of earnings. The healthcare name is slated to report third-quarter earnings before the open tomorrow, Oct. 15. Let's take a closer look at what the options market may be expecting for the equity'...Read More