* H&M among top gainers on STOXX after profits beatforecasts * Retail outperforms all European sectors at quarter's end * UK PM May's Brexit deal defeated for the third time(Updates to close)March 29 (Reuters) - European shares rose on Friday butsettled slightly below session highs after lawmakers rejected UKPrime Minister Theresa May's deal to exit the European Union forthe third time, increa...Read More
Trade optimism helped the Dow to a triple-digit gainU.S. stocks spent the session higher, after Treasury Secretary Steven Mnuchin said the latest trade talks with China were "constructive." A Chinese delegation will travel to Washington, D.C., next week for another round of negotiations. The optimism pushed trade-sensitive stocks like Caterpillar (CAT) and Boeing (BA) higher, and helped the Dow to...Read More
LONDON, 29 March 2019 - Comment from BullionVault features today in a story from global news and data provider Bloomberg on Russia's ongoing central-bank gold buying.Moscow has "quadrupled" its national gold reserves over the last 10 years, says Bloomberg, with 2018 marking a new peak."[But] if it wasn't for Russia's central bank, last year would have been the worst year for gold buying [demand wo...Read More
LONDON, 29 March 2019 - Data from BullionVault today leads an article about UK gold demand ahead of Brexit from Quick, the news-and-data agency from Japan's Nikkei group of financial news companies.With the UK's exit from the European Union delayed beyond the previous deadline of today, the trend for gold investing among British citizens "is stagnant" the news report says.That contrasts on Bullion...Read More
A joint venture with Sony sends one stock to its best day everThe Dow is up triple digits this afternoon on U.S.-China trade talk optimism. Among the stocks making big moves higher today are construction name Eagle Materials Inc (NYSE:EXP), entertainment stock Chicken Soup For The Soul Entertainment Inc (NASDAQ:CSSE), and energy concern NextDecade Corp (NASDAQ:NEXT). Below, we'll take a closer loo...Read More
May's Brexit deal was struck down for a third timeU.S. stocks arehigher in afternoon trading, with the Dow Jones Industrial Average (DJI) boasting a 129-point lead, andthe Nasdaq Composite (IXIC) and S&P 500 Index (SPX) also in the black. Optimism over U.S.-China trade talks is lifting stocks, following U.S. Treasury Secretary Steven Mnuchin's tweet, with trade-sensitive Caterpillar (CAT) and B...Read More
By: IRA EPSTEINGold in a down thrust, but not bearish. Gold remains above the 100-DMA, resistance at $1307.60 level. Momentum is down, bias down but not trend down:Read More
Trend for gold and silver is down at the moment. Demand in Asia will be the key. Look for short covering in gold and silver as the quarter comes to a close. Crude oil is fundamentally bearish. I expect lower demand in Asia in the upcoming quarter. Copper will volatile. 5 reasons why did gold and silver fell this week?1. US dollar gains as it acted as safe haven in currency markets.2....Read More
Clive Maund sees some rough waters with gold and discusses how to play it. I have not been happy about the pattern that has been forming in gold since it plunged rather rudely and sharply around the end of February. The concern that was engendered by that plunge and the accompanying momentum breakdown, that we can see on gold's latest 8-month chart below, were allayed by its managing to stabilize...Read More
The stock is pacing for its fourth straight winYesterday's earnings beat from Tommy Hilfiger parent PVH (PVH) created a halo lift for sector peer Hanesbrands Inc. (NYSE:HBI), which has extended this positive price action in today's trading -- up 1.2% at $17.93 -- pacing for its fourth day in the black. The stock is up 43.2% year-to-date, and back atop its 200-day moving average after a brief dip b...Read More
The Dow, S&P, and Nasdaq are up double-digit percentage points in the first quarterStocks bounced back big in the first quarter, with the Dow, S&P 500, and Nasdaq all pacing for double-digit percentage gains in the first three months of 2019, following their worst quarterly performances in years at the end of last year. While the price action has been more mixed in March -- with tech shares turnin...Read More
Import prices for steel billet in Southeast Asia held steady on Friday March 29 amid limited trading, although prices on a week-on-week basis inched down due to deteriorating demand in the region.Fastmarkets' daily import price assessment for billet in Southeast Asia was $480-490 per tonne cfr Manila on Friday, unchanged from the previous day but down by $5 per tonne from a week earlier.Deals invo...Read More
Most other analysts are bullish on the young stocksTwo stocks that may hold an appeal with the younger generation were met with downbeat attention from the analyst community today. Specifically, music streaming giant Spotify Technology SA (NYSE:SPOT) and high end cooler maker Yeti Holdings Inc (NYSE:YETI) are struggling on the charts today following bearish brokerage notes. For SPOT, the shares ar...Read More
Analyst sentiment was negative coming into todayWeb application developer F5 Networks, Inc. (NASDAQ:FFIV) is up 2.3% to trade at $157.18, just after landing an upgrade to "neutral" from "underweight" and a price-target hike to $163 from $157 at Piper Jaffray. The firm said its bull note comes despite continued concerns about the company's "longer-term dynamics," but noted the current valuation is...Read More
The major silver minershave rallied higher on balance in recent months, enjoying a young upleg. That’s a welcome change after they suffered amiserable 2018. Times are tough for silverminers, since silver’s prices have languished near extreme lows relative togold. That has forced many traditionalsilver miners to increasingly diversify into gold. The major silver...Read More
Do you want to protect your capital against recession? Great, just like us and millions of other people. The key questions is, thus, how to predict that the danger is coming. We invite you to read our today’s article and find out what are key recession indicators – and their relationship with the price of gold. Do you want to protect your capital against recession? Great, just like us...Read More
Our research team, at Technical Traders Ltd., has been all over the precious metals markets for the past 16+ months. We’ve been so deep into research and study with regards to price action and technical/fundamental data, that we’ve been able to call market moves many months in advance.Recently, over the past few months, we’ve been warning that an April 21~24 date is likely...Read More
Vale expects the various production restrictions that emerged in the last couple of months to affect its iron ore pellet output by 11 million tonnes per year, its chief financial officer Luciano Siani says.The Brazilian miner - the world's largest iron ore producer - has halted the pelletizing units at its F??brica and Vargem Grande iron ore facilities in the country's southeastern Minas Gerais st...Read More
Okay, now I am getting geeked out. One of the most fun and rare times in what I do is when something big happens that I feel in my gut means something, but about which I am not able to come forth with a ready explanation of the meaning (without sounding like a know-it-all blowhard). It’s time to put the thinking cap on and to reference my wealth of experience (that’s another way of say...Read More