Salesof the Silver American Eagles are off to stronger start this year, and the U.S.Mint has once again been caught flat-footed. Dealers received the followingstatement from the Mint last Thursday:This is to inform youthat we have temporarily sold out of our inventories of 2019-dated AmericanEagle Silver Bullion Coins. In addition, all remaining 2018-dated inventorieshave been sold too.The West Po...Read More
Wet weather may have negatively impacted Home Depot's resultsEtsy Inc (NASDQ:ETSY) stock is trading up 14.3% this morning at $67.07, already hitting a record high of $68.91, after the e-commerce company's quarterly earnings report yesterday evening. Not only did earnings and revenue come in above analysts's expectations, but the company's 2019 outlook was also strong. As such, at least four broker...Read More
In contrast to the clear skies outside, a cloud hung over discussions among Indian scrap traders attending the opening session of the annual conference of the Material Recycling Association of India (MRAI) earlier this month in Kochi, southern India.Secretary-general Amar Singh praised the superior air quality in the host city, compared with the metropolises of New Delhi and Mumbai. But delegates...Read More
ZYNE has already added 70% so far this yearThe shares of Zynerba Pharmaceuticals Inc (NASDAQ:ZYNE) are soaring in electronic trading trading, last seen up 15.3%. Boosting the stock is news the drug name received a U.S. patent for its cannabidiol (CBD) treatment for Fragile X syndrome. With today's expected surge, the stock is set to break back above the 120-day trendline -- a mark that has acted...Read More
The Mexican government has decided to renew a 15% safeguarding duty on imports of steel from countries with which it does not have free trade agreements.The safeguard is expected to be signed this week, and it will be valid for another six months, according to the country's economy secretariat.It will apply also on imports of products...Read More
The trendline emerged as support late last weekCaterpillar Inc. (NYSE:CAT) stock is down 3.6% in electronic trading, after UBS double downgraded the blue chip to "sell" from "buy, and slashed its price target to $125 from $154 -- an 11.6% discount to last night's close at $141.41. The brokerage firm said slowing global construction sales will likely pressure CAT's revenue and margins, and spark an...Read More
SPOT has gained 44.5% since its Christmas Eve bottomThe shares of Spotify Technology SA (NYSE:SPOT) are down 2% in electronic trading, after a Wall Street Journal (subscription required) report indicated lawmakers in Washington D.C. were toying with the idea of overhauling music licensing rules. On the charts, Spotify stock has had a rip-roaring start to 2019, adding 31.5% year-to-date, now near...Read More
Home Depot and Caterpillar stocks are slipping in pre-market tradingDow Jones Industrial Average (DJI) futures are lower today, dragged down by Caterpillar (CAT) and Home Depot (HD) stocks. Specifically, CAT received a downgrade to "sell" from UBS, and HD reported fourth-quarter earnings that fell short of expectations. In addition, Wall Street is weighing the S&P Corelogic Case-Shiller home price...Read More
The gulf between bulls and bears widened in the latest Investors Intelligence surveyOne of the essential broad-based sentiment indicators we track is the weekly Investors Intelligence (II) poll, which measures the mood among financial advisors in much the same manner that the American Association of Individual Investors (AAII) survey takes the temperature among retail-level market participants. In...Read More
By: Stefan GleasonMore than a decade after the 2008 financial crisis, U.S. monetary policy continues to operate in crisis management mode.Despite a long, drawn out rate-hiking campaign - now paused - the Federal Reserve has yet to bring its benchmark interest rate up to normal levels historically.It has yet to unwind the vast majority of the nearly $4 trillion in emergency asset purchases added...Read More
Global aluminium premiums were little changed this week, with good support from steady market conditions, but premiums in South Korea moved higher due to low levels of inventory. European traders happy to hold metalSouth Korean premiums move up on tight inventoryImport uptrend and domestic discounts in BrazilUS premiums steady. Contango still supporting European premiumsLondon Metal Exchange price...Read More
1. The biggest driver of major markets right now is the possibility of a US-China trade deal.2. On that note, please click here now. The US government's wild launch of tariff taxes caused global markets to swoon in the first half of 2018. Gold and the Chinese stock market were hurt more than a lot of other markets.3. Gold has done well with QE, QT, falling rates, and rising...Read More
By: Dave KranzlerI don't know if it was the intent of the Fed, but Jerome Powell has managed to trigger a rush into stocks more frenzied than the one that engulfed the last days of the dot.com/techbubble. The vertical ascent since Christmas in the Dow/SPX is unprecedented on a percentage basis over an 8-week period of time. All sense of logic, sound analysis and fear of risk has disappeared. I d...Read More
Dear Friend of GATA and Gold:Financial letter writer Mark Hulbert never offers a good word about gold, which is fine, but then never offers a relevant one either. This practice has turned him into a mere propagandist.In his essay today at MarketWatch, headlined "Why Gold Won't Save Your Portfolio from Inflation's Bite" --https://www.marketwatch.com/story/why-gold-wont-save-your-portfolio-from......Read More
In my last article, "The Bears Have it Right: Economy went Polar Opposite of Bullish Predictions," I laid out my first prediction for 2019 a recession by summer. I don't want the following revelations and facts that I have since come across to get lost in comments I recently posted to that article, so I'm bringing them all together here.How bad was 2018?The Wall Street Journal just said it wa...Read More
Gold Resource Corporation (NYSE American: GORO) (the "Company") updated its annual reserve estimates as of December 31, 2018, increasing its proven and probable reserve tonnes at both its Oaxaca Mining Unit and Nevada Mining Unit by a combined total of 18% gold ounces and 14% silver ounces. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oa...Read More
By: IRA EPSTEINGold Price action consolidating in narrowing ranges. 18 day average is key (~1322.70$)Read More
The recent plunge in Heinz-Kraft shares reminds us that even Warren Buffett can make a mistake. A couple of years ago, it might have seemed as though the Sage's portfolio was impervious to downturns, given its heavy focus on the basics: food chain, railroads and insurance companies. As it happens, his bet on such time-tested brands as Oscar Mayer, Jell-o, Kraft Singles, Kool Whip and Cheez-Whiz...Read More
The correction in industrial metals was a case of "buy the rumour and sell the fact". The rumour was a trade deal between USA-China. Now that the trade deal is more or less a done deal, there was profit booking. There can be more corrections in industrial metals and thereafter a period of consolidation. The next big move will be next week around the release of various US jobs numbers. Once detai...Read More
A summary of base metals premiums from across the globe for the week to Tuesday February 26.Please click...Read More