There is some serious manipulation in gold. Some bank or a cartel of banks have been selling gold futures on every rise from $1330 and also gold huge amounts around $1300. One of the possible reason is to protect options investment. May and November options expiry of every year attract huge investment every year. If this is the case, then gold prices should rise after ten days. Right now the m...Read More
VF Corp will report earnings on Wednesday, May 22, before the openSeveral retail names step into the earnings confessional next week, including VF Corp (NYSE:VFC), set to report on Wednesday, May 22, before the open. Ahead of the event, Goldman Sachs initiated coverage on the North Face parent with a "buy" rating and $97 price target, home to its Aug. 10 record high. The analyst in coverage sees...Read More
Retail is hot today, with UAA shares leading the SPX U.S. stocks have overcome early losses, with the Dow Jones Industrial Average (DJI) erasing a triple-digit decline thanks to another round of bullish economic data. Today it's consumer sentiment that's bringing buyers back to the table, with the University of Michigan index jumping to its highest point in 15 years in May. This update has helped...Read More
The major gold miners’stocks are drifting sideways with gold, their early-year momentum sapped by therecent stock-market euphoria. But theyare more important than ever for prudently diversifying portfolios, a raresector that surges when stock markets weaken. Their just-reported Q1’19 results reveal how gold miners are faring as asector, and their current fundamentals are way...Read More
The shares just flashed a bullish signal on the charts, tooThe shares of Foot Locker, Inc. (NYSE:FL) are up 1.6% at $56.36 this morning, after analysts at B. Riley FBR upgraded the retail stock to "buy" from "neutral." The brokerage firm also hiked its price target on FL to $73 from $62, and said the stock's recent pullback creates an attractive entry point for bulls. Further, the analysts waxed o...Read More
Learn how to protect savings and maximize returns by investing in precious metals.Gold Trust would like to announce the newest edition of its guide to precious metals, perfect for anyone hoping to safeguard their investments and retirement!And today, they are giving away a free copy of their Investor's Guide to Precious Metals 2019!Their goal is to help regular investors learn the "pro" secrets...Read More
Most analysts have remained bullish on TTWO and EAThe shares of video game stocks Take-Two Interactive Software, Inc. (NASDAQ:TTWO) and Electronic Arts Inc. (NASDAQ:EA) have been unspectacular in recent months. However, both received upbeat analyst attention this morning, which we'll dig into below. TTWO's analyst note is less ambitious than the one on EA, with BMO upping its price target to $95 f...Read More
On Monday, the price of gold has briefly jumped above $1,300. For the next two days, the yellow metal has been holding near that important psychological level, although it failed to rally subsequently. Let’s take a look at the trigger(s) of the upward move. The reaction of the gold market over the following days is pretty telling...China Strikes BackIt has been a hot week! Indeed, just look...Read More
China headwinds are likely capping NVDA gains thoughThe shares of Nvidia Corporation (NASDAQ:NVDA) have had an eventful morning. The chipmaker last night reported first-quarter adjusted earnings of 88 cents per share, beating out the forecasted mean of 81 cents per share. Revenue and second-quarter sales guidance also topped estimates, thanks to higher demand for gaming chips. In fact, CEO Jensen...Read More
The import prices of flat steel in South America have largely fallen over the past week, reflecting the recent drop in Chinese prices and the higher market share taken by some exporters from the Commonwealth of Independent States (CIS) region.Fastmarkets assessed the hot-rolled coil (HRC) import price in the region at $535-550 cfr on May 17, down from $540-560 per tonne a week earlier.Russian and...Read More
The swing back into contango in the nearby aluminium forward curve on the London Metal Exchange moving triggered the cancelation of more than 90,000 tonnes of aluminium in LME-bonded warehouses this week.Almost 45,000 tonnes of material were freshly canceled on Friday May 17, predominantly out of registered warehouses in Johor and Singapore. More than 30,000 tonnes were canceled across the same lo...Read More
The company also issued lackluster guidanceChina-based search engine Baidu Inc (NASDAQ:BIDU) stock is plummeting in early trading, after the company announced itsfirst quarterly loss since at least 2005, and issued lackluster sales guidance ahead of a "more challenging market environment." As such, BIDU stock is 14.1% lower at $132.10, in response, trading at new three-year lows. BIDU has now los...Read More
Although most of the precious metals sector has trended lower in recent months, Gold has held up well. It and the other, weaker components of precious metals got a boost on Monday when China retaliated with tariffs of its own. There has been little follow through since. This begs the question, will a trade war lead to a new bull market in precious metals? The short answer is yes if it leads to a d...Read More
The pound dropped as British politicians failed to make progress on Brexit talks Dow Jones Industrial Average (DJI) futures are struggling this morning,more than 200 points below fair value as trade tensions with China flare up once more. According to state-run news agency Xinhua, Chinese Commerce Ministry spokesmanGao Feng accused the U.S. of "bullying behavior," and expressed reluctance to resum...Read More
The domestic price for secondary steel billet in India has gone down by at least 200 rupees ($3) per tonne in the past week, in line with falling prices for finished long steel products such as rebar.The Indian domestic secondary billet price was assessed by Fastmarkets on Friday May 17 at 31,000-31,200 rupees ($441-444) per tonne ex-mill, down from last week's assessment at 31,200-31,400 rupees p...Read More
On Monday, May 13, McEwen Mining reported that a fatal accident involving a contractor's employee occurred at the Gold Bar Mine in Nevada. The Company initiated an investigation into the accident, working with the contractor and the local authorities to determine the cause. The accident involved a haul truck that overturned while operating at the site, and the individual who was fatally injured...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 226,361101,82578,759159,444296,627464,564477,211 Change from Prior Reporting Period 40,560-8,5655,69917,36658,19063,62555,324 Traders 18565775157267175 Small Speculators LongShortOpen Interest 53,43140,784517,995 4,33112,63267,956 non reportable positions...Read More
The major gold miners' stocks are drifting sideways with gold, their early-year momentum sapped by the recent stock-market euphoria. But they are more important than ever for prudently diversifying portfolios, a rare sector that surges when stock markets weaken. Their just-reported Q1'19 results reveal how gold miners are faring as a sector, and their current fundamentals are way better th...Read More
By: Richard (Rick) Mills, Ahead of the herd "It's the tail that wags the dog" is defined by Urban Dictionary as a way of persuading a large group of people. The phrase is usually employed in a situation wherein a cause that expects to elicit a certain effect, is in fact reversed. The 1997 film 'Wag the Dog' is about a powerful political strategist who tries to get a fictional president on boar...Read More
By: Jordan Roy-ByrneAlthough most of the precious metals sector has trended lower in recent months, Gold has held up well. It and the other, weaker components of precious metals got a boost on Monday when China retaliated with tariffs of its own. There has been little follow through since.This begs the question, will a trade war lead to a new bull market in precious metals?The short answer is y...Read More