How you can transform lagging indicators into leading indicators.Many traders are tired of repeating the same mistakes over and over again, but are unsure how to break the cycle of bad decisions that lead to mediocre, or even poor results.And even the supposed "market gurus" or "experts" don't have the answer... or if they do, it's "all flash and no substance."But there is a REAL solution.While ot...Read More
ToledoTrade is offering Schaeffer's VIPs a special introductory offer. The following is a paid advertisement. ToledoTrade may compensate Schaeffer's for referring prospects over to ToledoTrade.Starting today, a special offer with the recently launched online brokerage service, ToledoTrade, is giving Schaeffer's VIPs a special offer, including trades from $1 until 2020... or even at cost!1Why...Read More
Oil prices are on track for their longest weekly win streak in yearsDow Jones Industrial Average (DJI) futures are trading more than 200 points above fair value, as Wall Street reacts to blowout bank earnings. The S&P 500 Index (SPX) is also signaling a strong start, as shares of JPMorgan Chase (JPM) and Wells Fargo (WFC) rise after the financial firms reported first-quarter profit beats. Walt Dis...Read More
Fastmarkets published its India domestic, export and import prices later than scheduled on Friday April 12, because of a technical issue.The following prices were published in Fastmarkets' price book later than scheduled.India domestic cold-rolled coil, rupees per tonne, ex-worksIndia domestic direct-reduced iron, rupees per tonne, exwIndia domestic heavy plate, rupees per tonne, exwIndia domestic...Read More
Billet producers in the Commonwealth of Independent States (CIS) have started to seek sales opportunities in Asia, considering the weak sentiment in their traditional markets in the Middle East-North Africa (Mena) region.A large cargo of Ukraine-origin billet was sold to South Asia at $440-445 per tonne fob Black Sea, Fastmarkets has learnt, which would be equivalent to $470-475 per tonne cfr.And...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: Stefan GleasonAs gold and silver markets continue in choppy trading this spring, bulls are hoping a dovish Fed will sink the dollar and lift the metals.Now that the Federal Reserve is on "pause" - presumably for the rest of 2019 - perhaps investors can stop obsessing over interest rate decisions by central planners. Perhaps markets can finally trade based on actual market signals and underly...Read More
Few people know the risks in today's economy and marketplace as much as David Rosenberg, chief economist and strategist at Canadian wealth management firm Gluskin Sheff & Associates. For years he's educated investors with his popular "Breakfast with Dave" newsletter, which you can subscribe to here. He's also a regular contributor to the Globe and Mail and the Financial Post.Considered by many t...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
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
By: Anne WilliamsonBeing a legend and living one are two very different things. Julian Assange, who is surely fated to become one of the legendary figures of our times no matter what his actual fate proves to be, is at the same time living The Legend of the Suram Fortress. The tale is a simple one that over the centuries nearly every Caucasian country has claimed as its own, but which origi...Read More
Dear Friends of the Ron Paul Institute: You are no doubt hearing quite a bit today about the arrest and likely extradition of Wikileaks publisher Julian Assange, who was literally sold out for the proverbial 30 pieces of silver (or in this case it was a $4.2 billion IMF loan to Ecuador approved just last month)! Vice President Mike Pence was in Ecuador last June to push a quid pro quo with...Read More
By: SRSrocco The Middle East is heading for a crisis in its oil industry. Unfortunately, the market doesn't realize there is any danger on the horizon because it mainly focuses on how much oil the Middle East is producing rather than its exports. You see, it doesn't really matter how much oil a country produces but rather the amount of its net oil exports. A perfect example of this is Mexi...Read More
James Hyerczyk14 hours ago (Apr 12, 2019 10:36 AM GMT)Gold futures are trading slightly higher on Friday shortly before the regular session opening. The market is also trading inside Friday’s range after failing to follow-through to the downside following yesterday’s steep drop. The price action suggests that Thursday’s sell-off may have been an over-reaction to yesterday ...Read More
Published 22 Hours AgoUpdated7 Hours AgoReuters Simon Dawson | Bloomberg | Getty ImagesGold will continue to shine amid a weak dollar, says author and gold pro Jim Rickards.Gold steadied on Friday en route to its first weekly gain in three weeks as the dollar weakened although the metal's advances were capped by stronger equities.Spot gold rose 0.2 percent to $1,294.36 per ounce as of 10:20 a.m...Read More
The gold came under pressure yesterday on increasing trust in the global economic performance following the drop of US initial jobless claims of the week ending Apr. 5 to 196k which is the lowest level of this indicator since 1969. The figure underscored the labor market health which is still unfazed of the worries about the global economic slowdown, the Trade War and also the tightening actions t...Read More
Investing.com - Gold prices recovered slightly on Friday in Asia, but still traded below the key $1,300 level and are now near its lowest level of the month.Gold futures traded on the Comex division of the New York Mercantile Exchange were up 0.2% at $1,295.75 per ounce by 12:45 AM ET (04:45 GMT).Strong U.S. labor and inflation data released overnight were cited as headwinds for the safe-haven gol...Read More
Chinese trading house ASK Resources has moved into the European market, hiring Guillaume Taib to open an office in Geneva, Switzerland.ASK had a turnover of $900 million in 2018, trading mainly in copper but also in zinc, aluminium and nickel,...Read More