Amidst all the political brouhaha regarding foreign aid, it is important that we keep in mind the nature and purposes of this particular federal program, as well as its related program, sanctions.Continue...Read More
A shift of sentiment last week to a more risk-on appetite by investors led to some selling of save haven vehicles, including $600 million of GLD, the world's largest gold-backed ETF, but in the larger picture, holdings of gold ETFs have still increased, said George Milling-Stanley, Chief Gold Strategist of State Street Global Advisors."Let's put all of this into context, including that $600 millio...Read More
Gold futures tumbled to a three-month low as contracts equal to over 3 million ounces changed hands in half an hour, fueling the sell-off. According to CME data as of end of market close November 11th, gold futures open interest is now up to 704,741 contracts!Gold Trade Equal to 3 Million Ounces Sends Futures Tumbling https://www.bloomberg.com/amp/news/ar...Monitor Gold Futures Contracts Open Inte...Read More
Export billet prices from Iran have surged in the week to Wednesday November 13 with mills starting sales of their January-rolling material, Fastmarkets has learnt.Last week, several cargoes of January-rolling billet were reported sold to traders within the range of $360-365 per tonne fob for further sale to Asian markets."There is very little tonnage left now from the January allocation,"...Read More
The company is starting off with a resource of close to a million ounces of gold before drilling. Gatling Exploration Inc.'s (GTR:TSX.V; GATGF:OTCQX) Larder gold project is located in Ontario on the Cadillac Larder fault in the Abitibi Greenstone Belt, 35 km east of Kirkland Lake, and is composed of three separate deposits, Bear, Cheminis and Fernland. All three have seen exploration historicall...Read More
The details of this transition project in Nevada are discussed in a CIBC report. In an Oct. 28 research note, CIBC analyst Bryce Adams reported that Premier Gold Mines Ltd.'s (PG:TSX) "first project at South Arturo, El Ni?o underground, has achieved commercial production ahead of schedule and on budget." South Arturo is a joint venture project between Premier that owns 40% and Nevada Gold Mines,...Read More
Mickey Fulp, the Mercenary Geologist, sits down with Maurice Jackson of Proven and Probable to discuss silver and its position among the metals, as well as some of his favorite copper, gold and uranium companies. Maurice Jackson: Joining us for a conversation is the Mercenary Geologist, Mickey Fulp. Thank you for joining us. Two years ago, Mickey, we discussed the value propositions in tax-loss...Read More
Prices for hollow steel sections in Northern and Southern Europe were unchanged this week although some mills were offering higher prices on possible rises in feedstock costs, market sources told Fastmarkets on Wednesday November 13.Fastmarkets' weekly price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?560-580 ($617-639) per tonne on Wednesday, unchanged week...Read More
Turkish steel pipe export prices have advanced in the past month due to increasing raw material costs and stronger demand in the domestic market, sources said on Wednesday November 13.Fastmarkets' monthly price assessment for steel structural pipe export S235JR grade EN10219 2mm wall thickness, fob main port Turkey, was $515-530 per tonne on November 13, widening up from $515-520 per tonne on Octo...Read More
The S&P eked out a slim gainThe Dow managed a strong win and another record high in a busy session on Wall Street. The blue-chip index was spurred by Walt Disney (DIS), which saw its shares rally after announcing strong numbers for its Disney+ streaming service. The S&P 500 and Nasdaq lagged behind, however, as traders considered congressional testimony from Fed Chair Jerome Powell -- who suggeste...Read More
- Craig Hemke, TF MetalsWith the expected price pullback underway, what can we expect for the remainder of the month and into year-end? Will the price action continue to resemble 2010, or will it play out more like 2016 instead?As we've discussed each of the past two weeks, the current selloff/pullback in COMEX gold and silver is as unsurprising as it was unavoidable. The COMEX market-making Ban...Read More
Forecasts, Commentary & Analysis on the Economy and Precious MetalsCelebrating our 46th year in the gold businessNovember 2019"I'm no insect. Gold is a great way to make a lot of money." - Thomas Kaplan, Electrum GroupMichael J. Kosares, USA Gold2020 visionFive charts to contemplate as we prepare for the new year1. Gold's annual returns 2000 to presentIn the February edition of this newsletter,...Read More
- Gary TanashianGlobal central banks have been pumping the liquidity spigots 24/7 and the US Fed is starting to go that way as well. This during a time of supposed economic splendor and fruitfulness (it is these contradictions that are the windows into a ginned up, leveraged economy dependent on monetary policy) while the S&P 500 breaks through the bull turnstile to blue sky.A real economy and...Read More
- Stewart Thomson, Graceland Updates 1. It doesn't take much downside price action to make gold investors nervous, or much upside price action to make greed appear.2. It's probably true that no fever is like gold fever!3. To reduce these swings in emotion, my suggestion is for investors to do most of their buying and selling at major support and resistance zones....Read More
- Gary Christenson, The Deviant InvestorPresident Roosevelt made owning gold for American citizens, with minor exceptions, illegal in 1933. See Executive Order # 6102. Begin the DOW to gold ratio analysis in 1933.Many people have discussed the Dow to gold ratio. It fell from over 40 in the year 2000 when the DOW (11,750) was expensive, and gold sold for less than $300. In those days paper asse...Read More
SDC and GOOS options volume has ramped up todayStocks are flat today, as Wall Street unpacks a congressional testimony from Fed Chair Jerome Powell, as well as public impeachment hearings against President Donald Trump. Among three stocks making notable moves today are teledentistry name SmileDirectClub Inc (NASDAQ:SDC), clothing concern Canada Goose Inc (NYSE:GOOS), and semiconductor stock Nortec...Read More
Subscribers who used Hidden Pivot targets from Rick's Picks to trade against gold's steep fall have done well bottom-fishing this week. Here's how they did it -- and judge for yourself whether you could have done these trades yourself. www.RickAckerman.comRead More
By: Ira EpsteinGold should test the 18- week moving average.. but from what level? Lower highs with lower lows, gold's 18-day moving average converging with 100-DMA around $1484/89Read More
Options are exchanging hands well above the average intraday pace Cloud concern Datadog Inc (NASDAQ:DDOG) is trading at all-time highs following its first ever turn in the earnings confessional since going public in late September. The firm posted a third-quarter loss of 4 cents per share, which was smaller than analysts' expectations, and revenue that also beat expectations. The software company...Read More
Auto stocks have outperformed but put open interest is high on the groupEvery week, Schaeffer's Senior Quantitative Analyst Rocky White sends out a table that breaks down a number of data points for every sector we cover, looking for places where sentiment doesn't line up with how names in the space have been performing -- in other words, another way contrarian traders can find potential opportuni...Read More