I used to identify "corona" with my favorite beer. But now "corona is a dreaded word globally due to virus. Nations and central banks are intervening, talking and doing all sorts of things to alleviate concerns of the negative impact on economy. Financial markets are now manipulated in every nation. Trend from Monday (10th February) will be the key to gold and silver price. Key US economic data...Read More
Clorox posted fiscal second-quarter profits and revenue that exceeded analysts' estimates The shares of Clorox Co (NYSE:CLX) are pushing higher this morning, up 5.4% to trade at $164.36, after announcing fiscal second-quarter profits of $1.46 per share and $1.45 billion in sales, beating analysts' estimates. In addition to this, the Burt's Bees parent lifted its full-year profit forecast, citing s...Read More
The following is a TA post. It tries not to focus on fundamentals or the negative potential sentiment setup that could develop when Coronavirus relief finally spreads across the land. It’s the short and long-term TA of it, as it stands now.I found this comment response to the Goldseek version of my article on the long-term gold Commitments of Traders situation to be amusing and also on point...Read More
Needham hiked its price target on Luckin to $40 from $27China-based coffee giant Luckin Coffee Inc (NASDAQ:LK) is recuperating some of its coronavirus-induced losses this morning, after Needham lifted its price target to $40 from $27 -- a 27% premium to last night's close. The analyst said that the Starbucks (SBUX) competitor's growing tea unit looks promising, valuing the business at $10 per shar...Read More
Participants in the Mexican ferrous scrap market have started to see the first price cuts due to uncertainty in global scrap prices, which led some steelmakers to reverse their earlier increases in bid prices.Some steelmakers have lowered their offers for ferrous scrap due to the global downturn, putting Mexican prices, which were previously believed to be at a peak, under pressure.The downtrend w...Read More
Alphabet is dragging on a disappointing reportU.S. markets are eyeing another open in the black, the Dow Jones Industrial Average (DJI) upwards of 300 points in electronic trading, while the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are on track toward notable opens of their own. The tech and travel sectors looks to be a main driver this morning, with Apple (AAPL) and Carnival (CCL) set...Read More
A summary of base metals premiums from across the globe for the week to Tuesday February 4.Click on...Read More
London Metal Exhchange three-month base metals prices absorbed any residual optimism from the People's Bank of China's 1.2 trillion yuan ($174 billion) boost to liquidity to close the day little-changed on Tuesday February 4. "Much of the dip-buying interest seen in the early Asian trading session on Tuesday February 4 appears to be a false dawn," Fastmarkets analyst Andy Farida said. "The LM...Read More
Here are five Fastmarkets MB stories you might have missed on Tuesday February 4 that are worth another look.As international exchanges continue to encourage trade in their ferrous contracts, Fastmarkets asks market experts for their views on progress in steel price risk management over the past year and the outlook for 2020.Port of Shanghai, the world's biggest port by container throughput, and o...Read More
Stewart Thomson 1. Are gold miners poised to begin a long period of outperformance against gold?2. I've argued that most gold stocks peaked against gold bullion in 2006. GDX $31 and GDXJ $46 are my "launchpad" numbers for a major new bull run, a run that could last for decades.3. Please click here now. Schroders fund manager James Luke believes the miners peaked in 2005.4...Read More
By: Gary Savage Gold stocks update, are we near our lows?Read More
Dear Friend of GATA and Gold:Another story was published today about the fabled gold supposedly looted by Japanese forces throughout Asia during World War II and hidden in the Philippines at the direction of Japanese Gen. Tomoyuki Yamashita as Japan began to be beaten by the United States and its allies.The story, written by Tom Metcalfe for LiveScience.com --https://www.livescience.com/treasure...Read More
By: Ira EpsteinEnergy prices have taken a beating, other markets too. Gold breaking $1,567.90 would break the trend and stall the market..Read More
I used to identify "corona" with my favorite beer. But now "corona is a dreaded word globally due to virus. Nations and central banks are intervening, talking and doing all sorts of things to alleviate concerns of the negative impact on economy. Financial markets are now manipulated in every nation. Trend from Monday (10th February) will be the key to gold and silver price. Key US economic data...Read More
Frederic Sese has joined Kamoto Copper Company (KCC) as its commercial director. Sese was previously in the raw materials and buying team at ArcelorMittal, and later Aperam. He also...Read More
Aluminium market participants remain wary of reduced consumption, logistical backlog and bearish macroeconomics as a result of the coronavirus outbreak from Wuhan city in Hubei province, China.The outbreak has pressured futures prices on exchange for primary aluminium and have stoked growing bearish sentiment in the secondary aluminium and scrap market. The effect of the coronavirus on global alum...Read More
London Metal Exhchange three-month base metals prices absorbed any residual optimism from the People's Bank of China's 1.2 trillion yuan ($174 billion) boost to liquidity to close the day little-changed on Tuesday February 4. "Much of the dip-buying interest seen in the early Asian trading session on Tuesday February 4 appears to be a false dawn," Fastmarkets analyst Andy Farida said. "The LM...Read More
As international exchanges continue to encourage trade in their ferrous contracts, Fastmarkets asks market experts for their views on progress in steel price risk management over the past year and the outlook for 2020.Speaking with Fastmarkets a year ago, Phillip Price, steel derivatives expert, and since then founder of Pool, said that he had seen a sea change in the steel sector's attitude towar...Read More
Seaborne coking coal prices were down on Tuesday February 4, with spot trading activity resuming after over a week. Fastmarkets indices Premium hard coking coal, fob DBCT: $147.89 per tonne, down $2.90 per tonne Premium hard coking coal, cfr Jingtang: $160.13 per tonne, down $2.60 per tonne Hard coking coal, fob DBCT: $127.01 per tonne, unchanged Hard coking coal, cfr Jingtang: $140.82 p...Read More
Are the concentrated short sellers about to be subject to a major squeeze?Ted Butler interviewed by Dunagun Kaiser on Reluctant Preppers?EUR