The S&P is signaling a higher startDow Jones Industrial Average (DJI) futures are trading below fair value this morning, as a negative earnings reaction for Caterpillar (CAT) offsets a post-earnings pop for Boeing (BA) stock. At last check, CAT shares were down 2.4% in electronic trading, despite a first-quarter adjusted earnings and revenue beat. BA stock is up 1.7%, as the 737 Max planemaker's i...Read More
Eight years ago this month, silver started its “next big move”. And that move continues today. It is awesome to behold. See the chart (ten-year history of silver prices) below… After an intraday peak price spike to $49.82, silver has tumbled head first down the mountain slope to its current level of just under fifteen dollars per ounce, at $14.98. That represents a cumul...Read More
Prior data on when the SPX tests its previous high Stocks have been on a tear since bottoming last Christmas Eve. The all-time high on the S&P 500 Index (SPX) now looms just overhead. A lot of market technicians see that as potential resistance. In other words, they believe there's an increased chance of a pullback or at the very least a pause in the rally. This week I'm looking at prior instances...Read More
Three stocks could help investors double their money in 2019.2019 could be a game-changer for investors... Especially those looking to potentially double their money.Those investors now have a simple blueprint to follow for success.Simply put, these three stocks could be the best way to make money in 2019 -- whether the markets are flying high, or sinking like a ship.This free Investor's Report re...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
The next financial bubble burst could be so massive, it even takes out gold. One economist is making a very bold prediction.This man says that the colossal financial bubble that exists in today's economy is stretching closer and closer to its breaking point.And when it does pop -- soon, very soon -- it's not only going to take out the entire stock market... it'll absolutely crush other assets too....Read More
Base metals prices on the London Metal Exchange consolidated at the close of trading on Wednesday April 24, largely unaffected by a year-to-date high in the US dollar index, while three-month tin futures continued to face downward pressure.The US dollar index, which is measured against a basket of six foreign currencies, traded at a high of 97.84 and reached its highest level since May 2017 during...Read More
Having artfully freaked out a whole bunch of investors by breaching nearby support and dropping quite sharply, so that they have panicked and scurried over to the wrong side of the boat again, the PM sector appears to be in the process of reversing to the upside now right where we would expect it to - at the lower boundary of its main upside channel, which we can see to advantage on the 1-year c...Read More
By: Stewart Thomson, Graceland Updates1. The weak physical demand season continues to cause gold to drift with a clear but modest downside bias. 2. Despite the swoon, most top bank analysts are extremely positive in their outlook for gold in the second half of the year. 3. Please click here now. Standard Chartered analyst Suki Cooper notes a high correlation between the Fed's a...Read More
The bull market has gone vertical, suggesting stocks are in a blowoff phase. Where will it end? We'll hazard a guess simply because it's irresistible fun, and because one of these days we're going to get it right. Let me therefore offer 2953.50 for the June contract, or 2974.25 if any higher. Both seem likely to show stopping power, even if equally compelling rally targets got bulldozed on...Read More
By: Ira EpsteinDaily gold market showing it falling apart...Read More
I believe that the fall in gold prices is good for gold jewelry demand in Asia. Prices are still very high in my view all over Asia. The more the correction in Asian gold prices, the more the demand in Asia. There will be a slight dip in gold demand around 6th May in Islamic nations as the fasting month of Ramadan begins. The factors driving down gold are the same (a) Positive view on global e...Read More
The price for rebar produced and delivered in Southern Europe was unchanged over the past week, amid low market activity during the Easter holidays, market participants told Fastmarkets on Wednesday April 24.Fastmarkets' weekly price assessment for domestic rebar in Southern Europe was ?,?500-510 ($562-573) per tonne delivered on Wednesday, unchanged from April 17."The market is stable at that pri...Read More
Here are five Fastmarkets MB stories you might have missed on Wednesday April 24 that are worth another look.OM Manganese will spend as much as Australian $7.3 million ($5.2 million) to establish a manganese ore joint venture in western Australia with copper-gold-manganese explorer Bryah Resources, Fastmarkets heard on Wednesday April 24.Carmaker BMW has locked in supply of cobalt metal...Read More
Max Keiser challenges anyone to dispute his claim that "Bitcoin is Peer to Peer Gold". I accept the challenge. Bitcoin is Fool's Gold Bitcoin has some rare and interesting properties. Like gold, Bitcoin is easily divisible. But what about scarcity? Proponents claim Bitcoin is scarce. Alleged proof of the claim is that only a certain number of them will be mined. The claim i...Read More
Published 23 Hours AgoUpdated6 Hours AgoReuters Neil Hall | Reuters Gold steadied on Wednesday, crawling up slightly from the lowest in nearly four months hit during the previous session, with bullion pressured by a robust dollar as U.S. stocks took a breather following a strong rally.Spot gold was up 0.2 percent at $1,274.24 per ounce, a day after hitting its lowest since Dec. 26 at $1,265.90.U....Read More
Texas lawmakers created a new storage option for miners when they signed off on building America's first state-backed gold depository in 2015.The Texas Bullion Depository, currently under construction and with the capacity to house physical gold valued in excess of $100 billion will be the most secure facility outside of Fort Knox, will have the full protection of the state of Texas, and is insure...Read More
Base metals prices on the London Metal Exchange consolidated at the close of trading on Wednesday April 24, largely unaffected by a year-to-date high in the US dollar index, while three-month tin futures continued to face downward pressure.The US dollar index, which is measured against a basket of six foreign currencies, traded at a high of 97.84 and reached its highest level since May 2017 during...Read More
In a somewhat surprising move, Sandstorm has announced a new gold stream/royalty acquisition.The company says it will invest a total of $42.5 million in Americas Silver Corporation for a stream/royalties, debt, and equity.Sandstorm is making a bet on this junior's exploration upside, but the deal carries some risk that shouldn't be ignored, as I explain below.Sandstorm Gold's Latest Deal w...Read More
Investing.com - Gold prices slipped on Wednesday in Asia, pressured by strong earning reports stateside and strong U.S. housing data released overnight.Gold futures for June delivery, traded on the Comex division of the New York Mercantile Exchange, were down 0.1%, at $1,271.75 per ounce by 1:40 AM ET (05:40 GMT).A wave of better-than-expected earnings results from U.S.-listed companies including...Read More