By David Brady, CFA Gold has finally caught a bid this week and is up to its highest level since July 31. The fact that the U.S. and China appear to have agreed on a meeting between Trump and Xi on trade issues at the next G20, coupled with the U.S. treasury's decision not to label China a currency manipulator, was likely the biggest factor in Gold's rise yesterday. It may be seeing some safe ha...Read More
The lofty stock markets suffered a sharp selloff this week that may prove a major inflection point. There was one lone sector that bucked the heavy selling to surge in the carnage, the gold miners' stocks. They are the last cheap sector in these bubble-valued stock markets, long overlooked and neglected. Wildly undervalued today, the gold stocks have great potential to soar dramatically ev...Read More
The Dow is set for a massive comebackDow Jones Industrial Average (DJIA) futures are signaling a huge comeback for U.S. stocks. The S&P 500 Index (SPX) and Nasdaq-100 (NDX) are both set for substantial jumps at the open, too, taking their cue from a broader recovery in global stock markets. Traders are digesting earnings releases from a number of big banks, including Dow component JPMorgan Chase (...Read More
VANCOUVER, British Columbia, Oct. 12, 2018 (GLOBE NEWSWIRE) -- Golden Arrow Resources Corporation (TSX-V: GRG, FSE: G6A, OTCQB: GARWF), ("Golden Arrow" or the "Company"), is pleased to announce that the Company's joint venture partner in Puna Operations Inc., ("Puna"), has reported the third quarter 2018 production results for Puna's Chinchillas silver-zinc-lead deposit in Argentina.In their ne...Read More
By Steve St. AngeloTo the surprise of many investors, the precious metals have rallied while the broader markets continue to sell-off. Currently, both gold and silver are solidly in the green while the major indexes were all the red following a huge sell-off yesterday. The Dow Jones Index has lost nearly 1,000 points in the past two days while the gold price is up nearly $25.However, even th...Read More
By Avi GilburtIt seems the pundits have lost their way. The reasons for the market moves have now confounded most market participants and pundits to such an extent, and they are stretching so far to provide a reason for a market move, that we have moved from the ridiculous to the sublime.In the last several years I have outlined how the market has completely ignored the dozens of negative geopol...Read More
We know, it's just a symbol. But it's a powerful symbol of the most severe recession since the Great Depression. Yup, it's another article about the Lehman Brothers' collapse. But we really invite you to read it, as we thoroughly analyze the impact on that bankruptcy on the price of the yellow metal. You will also find out what can we learn from the 2008 banking crisis for the gold market. Ten...Read More
News, Commentary, Charts and Videos You May Have MissedHere is our Friday digest of the important news, commentary, charts and videos we were informed by this week.Market jitters and volatility have returned this week and the sell-off in US government bonds led to sharp falls on Wall Street centered on the very overvalued tech sector and the NASDAQ.(Bloomberg)Gold is 1.3% higher for the week as...Read More
Domestic steel prices in China are expected to experience downward pressure over the next few months due to less stringent limits being implemented by the authorities in the country's northern region where the bulk of the country's steelmaking capacity is located.Steelmakers in Hebei province's Tangshan city, China's steelmaking hub, will be allowed to maintain their production rates if they meet...Read More
Full Article: Gold: Ready, Set, Go! Were You Really Ready?By: Przemyslaw RadomskiThe previous week is over and even though we haven't seen any significant volatility in its final part, it doesn't mean that we haven't seen any meaningful signals. We did and one of them has important implications for the short-term and a few others have much more important implications of the medium-term nature....Read More
CloseGain/LossOn WeekGold $1218.00-$4.70+1.24%Silver$14.61+$0.06-0.14%XAU69.28-0.99%+5.79%HUI153.30-0.59%+6.88%GDM550.27+0.04%+6.05%JSE Gold1154.31-1.65+10.59%USD95.28+0.26-0.36%Euro115.59-0.39+0.30%Yen89.18-0.03+1.43%Oil$71.34+$0.37-4.04%10-Year3.153%+0.009-2.66%Bond138.46875-0.375+0.93%Dow25339.99+1.15%-4.19%Nasdaq7496.89+2.29%-3.74%S&P2767.13+1.42%-4.10% The Metals: Go...Read More
Ferrous scrap prices moved in different directions in the various global markets during the working week from Monday October 8 to Friday October 12, Fastmarkets has learnt.Import prices in Turkey and India inched upward week-on-week, while Taiwanese import prices slipped on poor demand. Offers from the United States to Turkey remained firm, but some US exporters lowered their buying prices in prep...Read More
Indian local secondary billet prices fell in the second week of October by about 100 rupees per tonne while demand for semi-finished steel products remained weak and the number of buyer inquiries dwindled further, Fastmarkets has heard.The price for Indian domestic billet, which is mainly produced through the induction furnace method, was assessed by Fastmarkets on Friday October 12 at 33,200-33,4...Read More
The brutal selloff that engulfed global stocks this week took a pause on Friday as risk sentiment slightly improved across financial markets. Most Asian shares recovered during early trade despite Wall Street suffering heavy losses overnight. In Europe, stocks continue to march higher on positive global cues which could support Wall Street later in the afternoon. Although positive trade data from...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
It’s safe to say it’s been a volatile week for markets and a bad one for stocks. But, with the rout showing early signs of abating, we’d like to finish the week focussing on a market which went up this week. At the beginning of the month we highlighted Gold’s potential to break higher. Noting the general lack of mean reversion throughout 2018’s decline, signs of beari...Read More
European stainless steel base prices were assessed as being stable this week, although bearish sentiment still pervaded the market because of excess supply, Fastmarkets heard on Friday October 12.The situation was largely unchanged from what was seen in the previous two weeks. A sharp drop in the alloy surcharges for October resulted in substantially lower transaction prices for material produced...Read More
While gold and the related exchange traded funds are struggling this year, some investors remain fond of the yellow metal and some ETF issuers are rewarding that faith with lower expenses. Upstart ETF issuer GraniteShares announced a new, reduced annual expense ratio for the GraniteShares Gold Trust BAR, -0.38% BAR debuted in August with an annual fee of 0.20 percent, or $20 on a $10,000 investmen...Read More
The latest metal markets news and price moves to start the North American day on Friday October 12. The prices of base metals on the London Metal Exchange were for the most part higher during morning trading, with prices stabilizing after a mid-week sell-off resulted in Asian equity markets falling to a 19-month low, prompting risk-averse investors to curb buying. While price action across th...Read More
Gold has been quite a show overnight, rallying from the pivot on broad dollar weakness and in a sigh of relief from market participants on the back of the US PI data coming in below market expectations. Gold is currently resting up at $1,224.37 highs having travelled throughout the week so far from the depths of this weeks business down at $1,182. Headline CPI rose only slightly by 0.1% (0...Read More