* Indian discounts narrow to lowest in two months* Feb, 10-13 India International Jewellery Show eyed* Japanese dealers offering discounts for second week* Global spot gold prices on track for weekly declineDemand for physical gold in India rose this week as jewellers stocked up for a major exhibition, allowing dealers to cut discounts to the lowest in two months, while the Lunar New Year holiday...Read More
(Changes slug, raises number of those evacuated, adds detailsabout evacuation near ArcelorMittal dam)By Marta Nogueira and Pedro FonsecaBELO HORIZONTE/RIO DE JANEIRO, Feb 8 (Reuters) - Some 700people were evacuated early on Friday from Brazilian towns neartwo separate tailings dams operated by Vale SA andArcelorMittal on mounting fears of a recurrence of lastmonth's deadly dam burst nearby.The col...Read More
European stainless steel producers expect the definitive EU safeguarding measures to reduce the volume of imports arriving in the EU, while distributors were less convinced that these measures will be any more effective than the provisional ones that preceded them.The definitive measures, which came into effect on February 2, 2019 and will run until June 30, 2021, differ from the provisional measu...Read More
The totals are materially higher than the original, 2008 calculations. Goldplay Exploration Ltd. (GPLY:TSX.V; GLYZF:OTCQB) announced in a news release that an independent NI 43-101 mineral resource estimate has been completed for its San Marcial project in Mexico and reflects a "substantial increase" over the previous, 2008 estimate by Silvermex. "The mineral resource provides a strong foundatio...Read More
Participants in the European hollow sections market are in favor of the European Union's new safeguarding measures but hope for additional support against cheap imports in the form of anti-dumping measures, they told Fastmarkets MB. The European Commission (EC) has set definitive safeguard measures on 26 imported steel products in the form of tariff rates and a range of quotas that are partly...Read More
A volatility crush has made short-term K options attractively priced Kellogg Company (NYSE:K) has had a rough week. The cereal maker gapped 5.6% lower yesterday following the company's fourth-quarter earnings loss that was attributed to higher Brexit costs -- though Kellogg beat estimates on an adjusted basis. Then, four brokerages issued bear notes this morning, including Credit Suisse, which c...Read More
It was a volatile week for stocks, amid renewed fears about U.S.-China tradeThe Dow spent the entire session in the red, finishing the volatile week with another risk-off showing. Trade tensions were again the main focus, following reports that the U.S and China are still far apart from making a deal. In addition, President Donald Trump said he doesn't plan to meet with Chinese President Xi Jinpin...Read More
Hilton stock is flashing a bearish technical signal ahead of next week's earningsThe shares of Hilton Hotels Corporation (NYSE:HLT) have recently attempted a rally off their late-December drop -- up nearly 13% since hitting a two-month intraday low of $65.63 on Dec. 24. As the hotel concern prepares to release its upcoming earnings report, which could determine the stock's next move, the equity ju...Read More
By: Nicholas LePan, Senior Mining Reporter at GoldSeekIt was back in September 2018 when America's newest gold and silver producer, Northern Vertex (TSX-V: NEE) (US: NHVCF) announced commercial production, at its 100-per-cent owned Moss Mine located in Northwestern Arizona, just a couple of miles off the old route 66. (The road to the Moss Mine, circa 2018) However, as any mine developer...Read More
The oldcontinent is dying. The euro is on the brink of collapse. This is what you canoften hear in the press. But is that really the case? We invite you to read ourtoday’s article about the development of the Eurozone in the last twenty yearsand find out what are the real prospect of the euro – and what does it implyfor the gold market. In December, wecelebrated 40 years of market refo...Read More
COT SPECIAL PUBLICATION SCHEDULE Reminder -- Due to the U.S. Government Shutdown (February 1 Announcement) The last COT report was published on December 21, 2018. Reports going forward from that date will be published in chronological order beginning with the report previously scheduled for release on Friday, December 28, 2018 (based on data from Monday, December 24, 2018). The CFTC publ...Read More
Gold stocks' young upleg is gathering steam, marching steadily to higher lows and higher highs. These bullish technicals are gradually improving sentiment, fueling mounting interest in this contrarian sector. That's helping the gold stocks regain lost ground relative to gold, the driver of their profits. Fundamentals are growing more favorable as gold itself powers higher. All this porte...Read More
By Avi Gilburt, ElliottWaveTrader.net Consider the extremes we experienced in August and September of 2011. Gold had days where it would rally $50 in a single day during its final parabolic move. Moreover, everyone you spoke with would express their certainty that gold would soon eclipse the $2,000 mark, on its way to much higher levels.Yet, I remained steadfast in my analysis which suggeste...Read More
Flat steel import prices remained stable during the past week in South America as market participants were waiting to see if price increases from China and the Commonwealth of Independent States (CIS) region would truly materialize.Fastmarkets assessed South American hot-rolled coil import prices at $525-540 per tonne cfr on Friday February 8, the same as a week before. Cold-rolled coil prices rem...Read More
Like many of you, I've been eagerly awaiting the day when this powerful bear rally drops dead. Instead, AAPL has rallied with a vengeance, drawing a thousand doomed stocks into its vortex. Yes, the rally is a hoax. And yes, the Masters of the Universe have used it to distribute as much stock as possible into the hands of rubes, pensioners and widows.Under the circumstances, I've been a reluctant...Read More
By: Ira EpsteinGold hold up well against key support of 18-Day Moving Average of Closes:Read More
The mining stock is also poised for its best week since JulyThe Dow is headed for its first weekly loss of 2019 on concerns over U.S.-China trade negotiations. Among individual names making notable moves are FAANG stock Amazon.com, Inc. (NASDAQ:AMZN), mining firm Cleveland-Cliffs Inc (NYSE:CLF), and SurveyMonkey founder SVMK Inc (NASDAQ:SVMK). Here's a quick look at what's moving the shares of AMZ...Read More
EA options volume is extremely high todayThe shares of Electronic Arts Inc. (NASDAQ:EA) are having a huge session thanks to positive buzz surrounding the company's new battle royale game "Apex Legends," which it says already has 10 million players. EA shares were last seen up 13.6% at $95.51, breaking through a tough ceiling from recent weeks near the $93 level and more than making up for their ea...Read More
This article was originally published on Sun Feb 3 for members of ElliottWaveTrader:Extremes are the hallmark of the metals market. And those that handle the extremes best are usually the ones who do best in the metals market.Consider the extremes we experienced in August and September of 2011.Gold had days where it would rally $50 in a single day during its final parabolic move.Moreover, everyone...Read More
Looking ahead, traders will keep an eye on D.C. ahead of the shutdown deadlineThe first full week of February started on a high note, though volume was initially light as traders recovered from the most boring Super Bowl ever (don't @ us, Pats fans). However, after two straight triple-digit gains, the Dow Jones Industrial Average (DJI) spent the latter half of the week in the red, amid renewed con...Read More