Retail stocks will be in focus as Black Friday data rolls inStock futures are signaling a positive open today, as U.S. markets try to bounce back from last week's heavy selling. The Dow Jones Industrial Average (DJIA) is set to open up more than 200 points, and the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are eyeing strong starts, too, thanks to pre-market gains from tech stocks.The retail a...Read More
What to make of a critical S&P trendline break"I like to keep unpopular but significant moving averages on my radar... One moving average that I have used is the 80-week moving average... It is off the radar of many, if not most, market participants. However, it has had an uncanny knack for signaling poor future price action on breakdowns, while also marking support during various market drawdowns...Read More
Brazilian steelmakers are concerned that the domestic industry will struggle if President-elect Jair Bolsonaro reduces or does away with import tariffs when he takes office in January 2019, sources told Fastmarkets MB last week.Other market participants, however, do not believe any changes will be done abruptly or without corporate tax reforms. The new federal administration's future minister of e...Read More
How you can transform lagging indicators into leading indicators.For hundreds of years, since the first stock exchange opened its doors, every trader has been looking for an edge... Some way to predict what will happen next... And hopefully collect a fat "paycheck" at the end of the road.From Bollinger bands to momentum oscillators, technical indicators have been at the forefront of this constant...Read More
Global crude steel production volumes continued to rise year on year in October 2018, according to statistics published by the World Steel Association (Worldsteel) on Friday November 23.World crude steel output totaled 156.6 million tonnes in October this year, compared with 148 million tonnes in the corresponding month of 2017. Asia continued to be the single largest steel-producing region, with...Read More
CloseGain/LossGold $1222.50-$0.30Silver$14.25+$0.01XAU64.73-0.83%HUI146.62-0.81%GDM536.53-0.64%JSE Gold1127.24-13.59USD97.05+0.14Euro113.34+0.05Yen88.76UNCHOil$51.63+$1.2110-Year3.067%+0.028T-Bond139.8125-0.1875Dow24640.24+1.46%Nasdaq7081.85+2.06%S&P2673.45+1.55% The Metals: Gold gained $5.20 to $1228.00 in Asia before it chopped back lower in London and New York, but it...Read More
By Ira EpsteinGold stalls out...again.https://www.iraepstein.com/ Read More
COLORADO SPRINGS, Colo., Nov. 26, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Gold Resource Corporation (NYSE American: GORO) (the "Company") declares its monthly instituted dividend of 1/6 of a cent per common share for November 2018 payable on December 24, 2018 to shareholders of record as of December 11, 2018. Gold Resource Corporation is a gold and silver producer, developer and explorer...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort165,506156,610115,384201,259224,399482,149496,393Change from Prior Reporting Period -2,910-21,053-7,434-9521,222-10,439-7,265Traders17494946056280207 Small Speculators (C) GoldSeek.com LongShortOpen Interest 43,79129,547525,940 -3,141-6,315-13,580 non reportable positionsChang...Read More
Featured GuestsAlasdair MacLeod & Arch CrawfordShow HighlightsHappy Thanksgiving Holiday!Head of Research at GoldMoney, Alasdair MacLeod makes his show debut on Thanksgiving Day, 2018. Listeners are encouraged to bookmark his weekly commentary at Goldmoney Insights. The Bank of England (BoE) refused to honor its custodial arrangement and return 14 tonnes of gold held on behalf of Venezuela (MacL...Read More
By Clint SiegnerIt is hard to cheer for the Department of Justice these days, but federal prosecutions have begun to offer hope for precious metals investors hurt by rigged markets and crooked traders.The DOJ looks poised to do what regulators at the CFTC have not. They will use evidence of blatant cheating and fraud to hold a few bankers accountable.Last week, DOJ officials asked the judge in a...Read More
CloseGain/LossGold $1222.50-$0.30Silver$14.25+$0.01XAU64.73-0.83%HUI146.62-0.81%GDM536.53-0.64%JSE Gold1127.24-13.59USD97.05+0.14Euro113.34+0.05Yen88.76UNCHOil$51.63+$1.2110-Year3.067%+0.028T-Bond139.8125-0.1875Dow24640.24+1.46%Nasdaq7081.85+2.06%S&P2673.45+1.55% The Metals: Gold gained $5.20 to $1228.00 in Asia before it chopped back lower in London and New York, but it...Read More
Base metals prices on the London Metal Exchange were mostly lower at the close of trading on Monday November 26, with downside pressure emerging amid broad strength in the US dollar index and continued global trade tensions.The three-month zinc price fell by 1.2% over the day to show the biggest losses over the afternoon, while volumes traded on the exchange were high at 12,375 lots by the close o...Read More
Full Article: To Succeed In The Markets You Must Become A 'Second Level ThinkerBy: Jesse Felder"To achieve superior investment results, you have to hold non-consensus views regarding value, and they have to be right. That's not easy... The good news is that the prevalence of first level thinkers increases the returns available to second level thinkers. To consistently achieve superior investment...Read More
Prices for ferro-vanadium and vanadium pentoxide from China slipped in the week ended Friday November 23 after sellers cut their export offers amid a lull in consumer buying and hesitance to purchasing at high levels. European prices held at all-time highs, despite talk of cheaper numbers, with sellers so far under no pressure to cut their offers. Chinese vanadium prices tick down on bearish...Read More
Ferro-manganese and silico-manganese prices into Europe made strong gains in the week ended Friday November 23 in response to concerns of a potential shortage should demand see a renewal. Ore prices in China and fob range-bound Alloys in China tick down Ferro-manganese and silico-manganese prices in Europe rise Silico-manganese in India gains prior to tenders Manganese ore prices i...Read More
The Chinese ferro-silicon market rebounded in the week ended Friday November 23 when low stock levels at smelters met with renewed demand from consumers, while the European market is in a holding pattern while waiting to settle longer-term delivery settlements with steel mills. China sees renewed consumer demand amid reported lower ferro-silicon stock levels Europe eyes first-quarter settlem...Read More
The latest news and price moves to start the Asian day on Tuesday November 27.Base metals prices on the London Metal Exchange were mostly lower at the close of trading on Monday November 26, with downside pressure emerging amid broad strength in the United States dollar index and continued global trade tensions. Read more in our live futures report.Here are how prices looked at the close...Read More
The latest metal markets news and price moves to start the North American day on Monday November 26. Base metals prices on the London Metal Exchange were mostly lower during morning trading on Monday November 26, consolidating against broad strength in the US dollar while low stocks and supply disruptions...Read More
Good morning from Fastmarkets MB's offices in Asia as we bring you the latest news and pricing stories on Monday November 26.Base metals prices on the Shanghai Futures Exchange were broadly down during Asian morning trading on Monday amid the prevailing risk-off sentiment due to simmering United States-China trade tensions and a slight uptick in the dollar index.Check Fastmarket MB's live futures...Read More