In May, the WGC published a new edition of its quarterly report on gold demand. It features interesting data about the changes in gold demand and supply. What does the Gold Demand Trends Q1 2019 say about the gold market in the first quarter of the year? How will its conclusions be reflected going forward in the gold price?WGC Publishes Report on Gold in Q1 2019According to the newest WGC data, th...Read More
LONDON, 3 May 2019 - Leading India finance channel CNBC-TV18 today interviewed BullionVault head of research Adrian Ash about the latest action in gold.With gold trading across Asia at strong premiums to London prices, Adrian says he's expects world prices to strengthen on the back of lower inflation readings, because they'll signal lower interest rates from central banks.You can watch the 4-minut...Read More
LONDON 16 April 2019 - Comment from BullionVault features today in the latest gold-price report from leading US finance site MarketWatch."Gold doesn't always fall when the stock market rises or bond yields go up, but both together make a big hurdle for bullion," the report quotes Adrian Ash, director of research at BullionVault in London.Still, "private investors are busy buying this drop," Market...Read More
And options are attractively priced at the momentMost tech stocks have struggled in May, but NCR Corporation (NYSE:NCR) is a little more than two weeks removed from an annual high of $33. While the shares are down 1.5% to trade at $31.26 today, a rebound could be imminent if this bullish signal is any indicator. Specifically, the stock's Schaeffer's Volatility Index (SVI) of 32% ranks in the 15t...Read More
U.S. manufacturing PMI data for May was the worst since 2009The Dow Jones Industrial Average (DJI) is lower again as the trade picture seemingly gets murkier by the day. With concerns swirling about U.S.-China trade talks, or lack thereof, the tech sector is getting hammered, while the energy space is also struggling during a sell-off in oil prices. July-dated crude was last seen down 5.2% at $58....Read More
The investment firm labeled VRNT stock a "strong sell"Verint Systems Inc. (NASDAQ:VRNT) stock is spiraling today -- down 8% at $56.25, pacing toward its worst day since Dec. 8, 2016, when it shed 10%. This follows a scathing report from Spruce Point Capital, which labeled the analytics stock with a "strong sell" opinion and said it sees 60%-70% downside for the shares.In its report, the investment...Read More
China Communications Construction Co (CCCC) plans to build a steel rolling mill by 2023 in Marab??, a city in the Brazilian northern state of Par??, through its local subsidiary Concremat, the company said on Thursday May 23.Iron ore producer Vale will be involved as well, ensuring collateral for the project funding, the miner stated. The unit will need around 1.5 billion Reais ($371 million) in c...Read More
The Victoria's Secret parent reported strong earningsShares of Victoria's Secret parent L Brands Inc (NYSE:LB) have gapped 14% higher to trade at $24.50, after the retailer reported a first-quarter earnings beat, driven by Bath & Body Works sales. The company also hiked the lower end of its full-year guidance. LB is on pace for its best day since October 2008.Today's impressive gains come as a r...Read More
The battered chip sector tends to do well after Memorial DaySince 2010, the U.S. stock market has tended to struggle during the shortened Memorial Day week. However, if recent history is any indicator, several stocks could buck the trend next week, including battered Apple supplier Broadcom Inc (NASDAQ:AVGO). Below, we take a look at the 25 best stocks to own the week of Memorial Day.Looking at S&...Read More
A growing U.S.-China trade spat is overshadowing WB's profit beatWeibo Corp (NASDAQ:WB) shares are trading down 11.8% at $45.12, fresh off a two-year low of $44.50. Media reports suggesting the U.S.-Sino trade dispute will turn into a "tech cold war" are weighing on Chinese stocks, and overshadowing WB's stronger-than-expected adjusted first-quarter profit. The Beijing-based social media site said...Read More
The brokerage firm believes a steel surplus will hurt pricesThe shares of AK Steel Holding Corporation (NYSE:AKS) are down 7.7% to trade at $2.05 this morning, and earlier touched a three-year low of $2.04. The new bottom comes after Credit Suisse downgraded the steel stock to "underperform" from "neutral," while trimming its price target to $1 from $3.50. The analyst in coverage believes a surpl...Read More
Both stocks have been big winners alreadySoftware stocks Atlassian Corporation PLC (NASDAQ:TEAM) and VMware, Inc. (NYSE:VMW) have outperformed on the charts over the past year, and analysts are expecting more upside. Below is a look at this morning's Wall Street coverage on the shares of TEAM and VMW. Atlassian was upgraded to "equal-weight" from "underweight" at Morgan Stanley, which moved its...Read More
CIS billet producers further increased their export offers on Thursday May 23, still buoyed by last week's halving of import taxes on Turkish steel by US president Donald Trump.The US import tax on Turkish steel products is now in line with products from most other countries at 25%, and the US move improved market sentiment generally and resulted in higher scrap prices.CIS...Read More
The Dow is set to open with a triple-digit lossU.S.-China trade tensions are back in the headlines this morning, withDow Jones Industrial Average (DJI) futures pointed toward yet another open in the red. Specifically, China's Ministry of Commerce spokesperson Gao Feng said the U.S. should "adjust its wrong actions" if it would like to continue trade negotiations, as the "crackdown on Chinese compa...Read More
The United States' reduction of tariffs on Turkish steel imports to 25% from 50% last week will only partially reopen the US market to Turkish mills, who should avoid raising prices if they are to successfully regain a share in that market, several sources told Fastmarkets this week. The US has lowered its tariffs on steel imports from Turkey to 25% effective Friday May 17. Duties had been at...Read More
China Communications Construction Co (CCCC) plans to build a steel rolling mill by 2023 in Marab??, a city in the Brazilian northern state of Par??, through its local subsidiary Concremat, the company said on Thursday May 23.Iron ore producer Vale will be involved as well, ensuring collateral for the project funding, the miner stated. The unit will need around 1.5 billion Reais ($371 million) in c...Read More
In an earlier post, I gave you a sneak preview of my interview with Chris Powell, secretary/treasurer at Gold Anti-Trust Action Committee (GATA). For 20 years now, Chris and others at GATA have made it their mission to expose collusion by international financial institutions to control the price and supply of gold.Below are highlights from my interview with Chris. I have to say that during much...Read More
By: Ira EpsteinLatest on gold, silver and more..Read More
By Avi GilburtPease note: This article was originally posted on FATRADER.com on Thursday May 22 before the breakout in bonds.I have written many times about how the Fed follows the market and does not lead it. And, we are about to see yet another example of history's lessons.For those that followed our work over the years, you would know that we called for a top to the bond market on June...Read More
CIS billet producers further increased their export offers on Thursday May 23, still buoyed by last week's halving of import taxes on Turkish steel by US president Donald Trump.The US import tax on Turkish steel products is now in line with products from most other countries at 25%, and the US move improved market sentiment generally and resulted in higher scrap prices.CIS...Read More