LONDON, 4 April 2019 - Private-investor sentiment towards gold last month hit its highest since September says leading monthly UK personal finance magazine Money Observer today, citing BullionVault's Gold Investor Index.The index, "which measures sentiment based on trading among [BullionVault's] 75,000 international and UK users, last month rose by 2.3 points to 54.5, its highest level in six mont...Read More
The S&P saw its eight-day winning streak snapped earlier this weekThis week had a little bit of everything on Wall Street. The S&P 500nabbed its longest wining streak in 18 months, but then saw that streak snapped amid renewed tariff tensions with the European Union (EU). A dovish Fed gave stocks a mid-week boost, while investors digested the first round of big bank earnings. Elsewhere, oil prices...Read More
LONDON, 2 April 2019 - BullionVault is named today as the sensible way to invest in gold by Metro, the UK's highest-circulation daily newspaper.Distributed free across major commuter routes nationwide, the Metro is read by some 1.4 million people each day, beating top tabloids The Sun and the Daily Mail."Disillusioned by Brexit, Laura and Simon Delew decided to invest in something that had nothing...Read More
Goldman has tacked on 24% this yearFirst-quarter earnings season kicked off on a high note today, thanks to strong results from financial JPMorgan Chase (JPM). Fellow blue-chip bank name Goldman Sachs Group Inc (NYSE:GS) is scheduled to report earnings this Monday, April 15, and will unveil its results before the opening bell. Looking at the charts, GS has added 24% year-to-date, one of the best...Read More
Historically, April has been a pretty consistent upside opportunity in Natural Gas for over 20 years. Over the past 24+ years, the upside opportunity in Natural Gas has been accurate over 68% of the time with the average upside potential ranging from $0.60 to $0.85. With Natural Gas sitting down near recent lows and seeing as though we are still fairly early in the month of April, our...Read More
A safeguarding investigation into imports of semi-finished iron products, non-alloy steel and steel rebar by Egypt's Ministry of Trade & Industry could lead to a fall in billet, rebar and scrap prices.Initiated on Tuesday April 2, the investigation is of particular concern to CIS producers as they are they main suppliers of billet Egyptian re-rollers, sources told Fastmark...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 199,50794,14361,105132,478265,287393,090420,535 Change from Prior Reporting Period 5,723-5,0854,279-7,0367,5432,9666,737 Traders 19361815454277168 Small Speculators LongShortOpen Interest 54,44927,004447,539 4,4036327,369 non reportable positionsChange fr...Read More
Gold has faded from interest in the past couple months, overshadowed by the monster stock-market rally. But gold has been consolidating high, quietly basing before its next challenge to major $1350 bull-market resistance. A decisive breakout above will really catch investors' attention, greatly improving sentiment and driving major capital inflows. With gold-futures speculators not very lo...Read More
By: Dave KranzlerGold and silver are historically undervalued relative to the stock and bond markets. The junior mining stocks overall are at their most undervalued relative to the price of gold since 2001. Gold's relative performance during the quarter, when the stock market had its best quarterly performance in many decades, is evidence of the underlying strength building in the precious metal...Read More
By: Ira EpsteinGold back into a down thrust. Higher high and lower low. Gold - there is no real story here right now. Read More
How to profit from a big move in either directionWith earnings season right around the corner, options players might want to look into employing a long straddle strategy. A long straddle is typically used ahead of expected volatility (such as before earnings or a product launch), when the trader expects a big move but isn't sure of the direction. It can also be used in anticipation of a breakout p...Read More
Gold got whacked Thursday as it so often does i.e., at the apex of a rally that may have encouraged a bullish thought or two in the minds of some investors. Alas, the worst selloff we've seen in well, it's actually been only two weeks socked the June contract with an $18 loss. In the accompanying chart, some might discern a head-and-shoulders kinda thing going on in the ups and downs of 20...Read More
Most of Wall Street is bearish on RDFNOnline real estate specialist Redfin Corp (NASDAQ:RDFN) this morning received an "outperform" designation from Wedbush, which also set a $30 price target on the stock, saying in the note that the company's relationship with technology will help it grow its market share. This vote of confidence in RDFN is noteworthy given the broader sentiment picture across Wa...Read More
However, Chevron's M&A plans are keeping DJI gains in checkThe Dow Jones Industrial Average (DJI) is soaring at midday, thanks to an earnings beat from JPMorgan Chase (JPM) and Walt Disney's (DIS) new streaming service. However, oil giant Chevron (CVX) is keeping the Dow's gains in check, after the company inked a deal to buy Anadarko Petroleum (APC). While the Dow is still pacing for a weekly l...Read More
COLL is no stranger to bull notesShares of Collegium Pharmaceutical Inc (NASDAQ:COLL) are making positive moves this morning, just after landing a "buy" rating and $29 price target out of Janney Montgomery. This type of bull note is not unusual for the stock, however, as all eight covering firms held "buy" or "strong buy" ratings coming into today. Plus, COLL's average 12-month price target corre...Read More
Analysts are growing bullish on Murphy OilEnergy names Chevron Corporation (NYSE:CVX) and Murphy Oil Corporation (NYSE:MUR) are reacting to headlines today in opposite ways. First up, Chevron inked a deal to buy Anadarko Petroleum (APC) for $33 billion that values APC at $65 per share. MUR stock, meanwhile, is higher on upbeat analyst attention.The Anadarko deal gives Chevron greater access to t...Read More
The Dow stock hit a record high out of the gateIt's a busy morning on Wall Street, and while most eyes are on a batch of blowout bank earnings, Walt Disney Co (NYSE:DIS) is making plenty of waves, too. The entertainment giant unveiled details for its highly anticipated Disney+ streaming service, which will be available in the U.S. beginning Tuesday, Nov. 12, for $6.99 per month, below rival Netfli...Read More
Aluminium foundry premiums in Western Europe and the United States continued to slide on Friday April 12 following sustained concerns about the automotive industry. The premium for silicon 7 aluminium wheel alloys over London Metal Exchange cash prices delivered to the Ruhr region with 30-day payment terms was assessed Friday at $340-360 per tonne. The premium is down more than 17.6% year on year....Read More
Aluminium billet premiums worldwide were mostly static on Friday April 12, although the premium in Brazil bucked the trend in moving to its highest level since June 15 of last year. ?EUR? Spanish premium drops below $400 per tonne ?EUR? Brazilian market pushes higher on more offers?EUR? US spot market remains quiet?EUR? Asia quiet ahead of holidaysEurope mostly quiet; Spain continues to fallThe pr...Read More
The FAANG stock is down as Disney aggressively pushes its new streaming platform Streaming giant Netflix, Inc. (NASDAQ:NFLX) is getting ready to face some major competition. Entertainment heavyweight Walt Disney (DIS) will enter the on-demand video arena with its new Disney+ service in mid-November. Disney said its family-friendly streaming service will be priced below Netflix's current rates, and...Read More