Gold and silver have just have formed a short term bottom after comments from the Federal Reserve chairman that interest rates are "just below" neutral range. This implies that the pace of interest rate hikes (after December) will be slower next year. This is just the catalyst needed for gold and silver bulls. The US dollar index should form a long term top over the next two weeks. Physical dema...Read More
The opportunity cost of holding gold is short-term real interest rates.If real rates continue to rise, gold will continue to struggle.Inflation expectations have been falling faster than nominal rates, keeping real rates high.When real rates move lower, gold will breakout to the upside.Why You Should Wait To Buy Gold: The Opportunity Cost Of Holding The Metal Is Still Rising (For Now) Roughly seve...Read More
A simple way to stop picking losers, and start cashing in like Wall Street's elite.Most traders would never believe that 9 out of 10 trades could be winners.But while it may sound impossible, thanks to a research breakthrough, it may not be as far-fetched as many think.JPMorgan's trading desk produced a 99.52% win rate from 2013 through 2017. That includes 2 straight years without a losing day....Read More
Full Article: Gold Remains One Of Top Investments For 2019 - Legg MasonBy: Neils Christensen(Kitco News) - For the second year in a row, investors remain optimistic that gold will shine in 2019 as they search for stability in an environment of growing uncertainty and volatility, according to a survey conducted by international investment firm Legg Mason.According to the firm's Global Investment...Read More
Rumors have become stronger recently that discounts are being offered on flat steel prices in Brazil, Fastmarkets heard on Thursday November 29. Imported material has lost value and this has caused competition to intensify in the country, sources reported.Companhia Sider??rgica Nacional (CSN) is the main steelmaker granting price discounts to distributors at an average of 5-6% for all flat product...Read More
Powell spoke yesterday. The gold market considered his remarks as dovish. And the market is always right, isn’t it? Just Below Neutral On Wednesday, Powell delivered a speech “The Federal Reserve’s Framework for Monitoring Financial Stability” at The Economic Club of New York. The majority of analysts judged the speech asdovish. Why? The key reason was Powell’s view t...Read More
The market for pig iron exports from the Commonwealth of Independent States was stable despite worries about shipments from Ukraine being interrupted because of the country's current restrictions under martial law, sources told Fastmarkets on Thursday November 29.Fastmarkets' CIS export price assessment for high-manganese pig iron was unchanged at $355-365 per tonne fob Black Sea on November 29.Uk...Read More
Trump may be facing an uphill battle he can't win in 2020.The much-anticipated "Blue Wave" washed over America on November 6. But it didn't hit all states equally.Some states, like California and New Jersey, were electoral graveyards for Republicans. In a few states, Republicans actually picked up a seat or two.But overall, Democrats saw their biggest gains in Congress since Watergate. They picked...Read More
It has been a wild ride for cannabis stocks in 2018. The largest cannabis producer, Canopy Growth Corp (CGC), had their share price rocket from $24 to $57 in the two months leading up to full legalization in Canada. This represents a gain of 137% in under two months. The share price has since corrected to around $33 and looks to be offering an attractive entry point once again.Shares of Tilray (TL...Read More
European alloy surcharges for stainless steel products for December have decreased for the fifth consecutive month, pulled down by lower nickel prices in addition to weak market conditions amid competition with Asian imports.The December alloy surcharge for 2mm grade-304 cold-rolled (CR) stainless steel sheets - based on data published by producers Outokumpu, Aperam and Acerinox - is ?,?1,321-1,36...Read More
Gold & Silver Spot Gold first support at 1222/21 in the sideways trend is now holding again but below here targets 1216/15 & 1211/10. Look for a buying opportunity at 1208/06, with stops below 1203.Holding first support at 1220/22 targets 1228/29. Above 1230 look for 1232/33 & strong resistance at 1236/38. Shorts need stops above 1243. Silver again meets strong resistance at 1448/50 &a...Read More
DB has shed roughly half its value in 2018The shares of Deutsche Bank AG (NYSE:DB) are down 3.3% to trade at $9.56 this morning after it was reported German authorities raided the company's offices early this morning, in connection to a money laundering investigation. Two staff members were allegedlysetting up offshore firms as part of what's been dubbed the "Panama Papers." On the charts, Deuts...Read More
Gold rallied as the dollar and yields both sold off yesterday on the back of the surprisingly less hawkish comments from the Federal Reserve Chairman. The metal has started today’s session slowly, as there hasn’t yet been a significant follow-through in the dollar’s selling. Clearly some speculators are holding fire until the G20 summit is out of the way. However, we think that t...Read More
Base metal prices on the London Metal Exchange made gains on Thursday November 29, following a rise in crude oil futures, but market sentiment remained uncertain with commodities facing macro-economic headwinds.Brent crude oil prices were firmer in afternoon trading, up by $1.80 to $60.16 per barrel. The recent low was $58.38 per bbl.For base metals, nickel was the highlight, with the three-month...Read More
The latest news and price moves to start the Asian day on Friday November 30.Base metal prices on the London Metal Exchange registered some gains on Thursday November 29 following a rise in crude oil futures but market sentiment remained uncertain, with commodities facing macroeconomic headwinds. Read more in our live futures report.Here are how prices looked at the close of trading:Nors...Read More
The latest metal markets news and price moves to start the North American day on Thursday November 29.Base metal prices on the London Metal Exchange were higher during morning trading, with market confidence boosted by US Federal Reserve chairman Jerome Powell saying that the central bank may soon be in a position to pause the interest rate hikes. Rising 2.27%, LME three-month tin traded the most...Read More
The shares are running into familiar resistance, thoughThe shares of Tonix Pharmaceuticals (NASDAQ:TNXP) have shot up 76.57% to trade at $6.71, on news the Food and Drug Administration (FDA) approved the drugmaker's late-stage study for its post traumatic stress disorder (PTSD) treatment. The trial will launch in the first-quarter of next year, with preliminary data expected in the first half of 2...Read More
Good morning from Fastmarkets MB's offices in Asia as we bring you the latest news and pricing stories on Thursday November 29.Base metals prices on the Shanghai Futures Exchange staged a broad-based recovery during Asian morning trading on Thursday, recovering from the previous day's weakness on a softer dollar.Tin was the sole exception to the firmer tone seen across the rest of the SHFE base me...Read More
• Powell’s overnight dovish comments helped stage a goodish recovery. • Declining US bond yields offset positive equities/a modest USD bounce. • The FOMC Nov. meeting minutes to provide a fresh directional impetus. Gold edged higher for the second consecutive session on Thursday and is currently placed at the top end of it...Read More
Published 19 Hours AgoUpdated3 Hours AgoReuters Chris Ratcliffe | Bloomberg | Getty ImagesCanadian maple leafs sit on the faces of one ounce gold coins in this arranged photograph at Gold Investments Ltd. bullion dealers in London, U.K., on Tuesday, July 15, 2014. Gold held steady but pared some gains made early on Thursday as the dollar recovered and minutes from the U.S. Federal Res...Read More