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

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

Yesterday, the Nobel prizes in economics were awarded. Unfortunately, gold has been omitted and got nothing. How unfair! But looking at the Dutch central bank press release, gold would have much higher chances if they were the ones granting the prizes and not the Swedish central bank!2019 Nobel in Economics and GoldYesterday was a big day! At least for all those boring economists and similar bean-...Read More

Abbott Laboratories just announced a $3 billion buyback plan The shares of healthcare stock Abbott Laboratories (NYSE:ABT) are up 2.6% at $81.87 just ahead of tomorrow's third-quarter earnings -- due out before the open tomorrow, Oct. 16 -- after the board announced a share buyback plan of up to $3 billion. The company also announced a partnership with Tandem Diabetes Care (TNDM), which has the la...Read More

OLLI stock is trading higher todayOllie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) is up 3% today at $60.42, after RBC upgraded the stock to "outperform" from "sector perform" and lifted its price target to $67 from $65. Most analysts are already bullish, with eight of 12 in coverage handing out "strong buy" recommendations. Options traders have also been bullish, based on the 10-day call/put vol...Read More

The VIX is heading toward its fifth straight lossThe Dow Jones Industrial Average (DJI) is up over 260 points at midday -- and was up more than 330 points at its session highs -- as investors take a break from U.S.-China trade headlines and cheer a promisingstart to third-quarter earnings season. JPMorgan Chase (JPM), Johnson & Johnson (JNJ), and UnitedHealth (UNH) are propping up the blue-chip...Read More

Stewart Thomson 1. For silver, all roads probably lead to the $22-$25 area. For gold, all roads likely lead to $1600-$1800. There could be significant bumps in these roads, probably involving time more than price.2. Please click here now. Double-click to enlarge this silver chart.3. Silver looks stronger than gold, but gold is also looking very solid, from b...Read More

By: Ira EpsteinGold swing lines: lower highs and lower lows. Bollinger support $1478, near swingline..Read More

Preciousmetals moved strongly on Friday, and did so on significant volume. Thereversals we have seen on Thursday got resolved with a heavy thud. Let’s diveinto the many charts and perspectives and explore how well they support theupcoming move across the sector. Let’sstart this week with a bigger update on multiple gold charts. There are so manyreasons due to which gold is likely to de...Read More

KEYS is in a strong position on the chartsKeysight Technologies Inc (NYSE:KEYS) shares look to be in a strong position on the charts. The stock recently bounced right near the $92 level, a price point that served as constant resistance for much of 2019. With this technical hurdle behind it, the stock could be on the verge of adding to its almost 54% year-to-date lead.One reason to believe more ups...Read More

The firm's omaveloxolone drug met the main goal of a mid-stage studyThe shares of Reata Pharmaceuticals Inc (NASDAQ:RETA) have skyrocketed 46.7% to trade at $147.57, and earlier touched a record high of $149.80, thanks to strong data on the company's degenerative neuromuscular disorder treatment. RETA stock is pacing for a fourth straight gain andits biggest one-day surge since July 2018, and seve...Read More

NVDA is on track for its fifth straight winThe shares of Nvidia Corporation (NASDAQ:NVDA) are up 2.4% to trade at $190.96 this morning, after BofA-Merrill Lynch hiked its price target to $250 from $225, territory not traded at in roughly a year. The new target is the highest on Wall Street, and the analyst in coverage expressed "increased confidence" in the chipmaker's growth profile. More speci...Read More

Tom Bird, the head of Bureau of International Recycling (BIR), will leave his position as the chief operating officer of Chiho Environmental Group in November, Fastmarkets learned on Sunday October 13.Chiho Environmental is China's largest scrap metal recycling company. It runs 700 yards globally with extensive operations in the recycling of ferrous...Read More

At present, there could be a number of positive developments for precious metals.Last Friday, the US Dollar cracked lower and could be at risk of lower levels into year end.Days earlier the Federal Reserve announced new “QE-like” measures just as they told us it was not really QE. In addition, the market is showing a nearly 68% chance of a rate cut later this month.  Isn&rsqu...Read More

US President Donald Trump said on Monday October 14 that he will impose a 50% tariff on imports of steel from Turkey in response to that country's military actions in northeastern Syria.However, market participants believe such a move will have a minor impact on the Turkish steel sector, because Turkey's steel exports to the United States are already limited because of weak demand.BilletA trader f...Read More

JPMorgan's earnings were particularly strongDow Jones Industrial Average (DJI) futures are trading above fair value this morning, pointing to a strong start to earnings season. It's been a good morning for blue chips on that front, with Johnson & Johnson (JNJ), JPMorgan Chase (JPM), and UnitedHealth (UNH) all set to rise after their quarterly reports. While trade buzz is still lingering in the bac...Read More

The percentage of Nasdaq stocks above their 200-day is approaching its June lowsWhile technical warning signs for the stock market have taken something of a backseat to the daily parade of geopolitical headlines, concerns about market breadth have been bubbling under the surface for some time now. The percentage of S&P 500 Index (SPX) stocks trading above their 50-day moving averages has rebounded...Read More

Export prices for hot-rolled coil and cold-rolled coil from the Commonwealth of Independent States fell again despite expectations that prices had bottomed, sources told Fastmarkets on Tuesday October 15.Fastmarkets' price assessment for steel HRC export, fob Black Sea, CIS was $380-395 per tonne on October 15, down from $400-410 per tonne a week earlier."Scrap prices stopped falling and buye...Read More

A summary of base metals premiums from across the globe for the week to Tuesday October 15.Please click...Read More

Nickel rallied on the London Metal Exchange on Tuesday, with the market seeing the continued decline in exchange stocks as price-supportive, although it failed to close above resistance at $17,000.The three-month nickel price rose 2.6% to close at $16,995 per tonne on Tuesday October 15 from the previous day's closing price of $16,550 per tonne. Still, it t closed below the psychologically signifi...Read More

"Travel," Mahatma Gandhi once said, "is the language of peace."If that's the case and I happen to believe that it is then I'm extremely bullish about the future, especially with respect to U.S.-China relations. The trade war's days may be numbered as both sides of the skirmish reached a partial agreement last Friday, laying the groundwork for Presidents Donald Trump and Xi Jinping to sign a tr...Read More