By: Ira EpsteinGold is rocking and rolling back and forth without a trend:Read More
Most analysts remain skeptical of outperforming WHR stockJ.P. Morgan Securities upgraded Whirlpool Corporation (NYSE:WHR) to "overweight" from "neutral," citing stabilizing domestic shipments through the end of this year. The brokerage firm also said it sees WHR's "valuation as inexpensive," and set a 2020 price target of $172 -- $17 above its 2019 target price of $155. In reaction, the stock is u...Read More
BMO upgraded Boston Beer to "outperform"Adult beverage concern Boston Beer Company Inc (NYSE:SAM) could be looking at a second day in the black, following a bull note from BMO. Specifically, the analyst upgraded the security to "outperform" from "market perform," and lifted its price target to $410 from $350 -- a 17.5% premium to last night's close. BMO said SAM's 2020 earnings per share could su...Read More
LONDON, 10 September 2019 - An interview with BullionVault research director Adrian Ash features today on Reuters Insider, the online video channel from the Reuters news and data agency.Speaking to spread-betting broker IG Index's Jeremy Naylor, Adrian gives his view of what's driving gold, its fresh all-time records for UK investors, and the outlook for silver.Watch their full 8-minute discussio...Read More
Target stock is named a "top pick" by Cowen and CompanyRetail powerhouse Target Corporation (NYSE:TGT) is at it again, this morning up 0.6% to trade at $107.47, after Cowen and Company named TGT a "top pick" and hiked its price target to $130 from $120. The firm said while the stock's strong chart performance helps, the main driver making them "incrementally more upbeat" is the company's recent s...Read More
China will reportedly increase its U.S. soybean purchases next monthFutures on the Dow Jones Industrial Average (DJI) are above fair value this morning, as the blue-chip index looks to build on Wednesday's big swing higher. Today's attention will remain focused on U.S.-China trade, after a Bloomberg News report suggested China may boost the amount of U.S. soybeans it buys in October. Wall Street w...Read More
The three-month copper price on the London Metal Exchange had declined by the close of trading on Thursday September 26, below the $5,800-per-tonne resistance level while turnover was thin against an ascending US dollar index. Copper's outright price on the LME closed at $5,722 per tonne - its lowest level since September 3 - while volumes traded were light with just over 11,100 lots exchange...Read More
- Dave Kranzler"Central Banks are panicking...the whole system is on the verge of disappearing into a black hole." - Egon Von Greyerz on USAWatchdog.comOn Wednesday, after Wednesday's overnight Repo operation had $92 billion in demand for the $75 billion operations, announced that it was increasing overnight Repos to $100 billion and doubling the two-week term Repo operations to $60 billion....Read More
SRSrocco The U.S. Treasury printed another $243 billion worth of paper money in 2018, with the majority being issued as $100 Federal Reserve Notes. What's interesting is that the Reserve Banks estimated the number of notes they were going to remove from circulation and destroy accounted for 75% of the U.S. Treasury 2018 print order. However, according to the FederalReserve.gov website, the c...Read More
David HaggithAs noted in my last article, "Fed Loses Control of its Benchmark Interest," bank liquidity strains are written all over this month's troubles. Some may find that hard to believe because there is so much hot air (fiat money) still floating the system from a historical standpoint. There is a sound fundamental reason, however, that a lot is not enough. The diminished money supply is...Read More
By: Ira EpsteinGold is rocking and rolling back and forth without a trend:Read More
Traded volumes and open interest have remained high for the CME's aluminium premiums futures contracts even after spot market volatility eased this year, Sean Kessler, manager of metals products at the Chicago Mercantile Exchange said on Wednesday September 25. Speaking at Fastmarkets' International Aluminium conference in Athens, Greece, Kessler said sustained high volumes during current quieter...Read More
Domestic price sentiment in Europe for hot-dipped galvanized coil (HDG) has fallen over the past week due to slow market activity, sources told Fastmarkets on Thursday September 26.Fastmarkets' weekly price assessment for steel HDG, domestic, exw Northern Europe, was ?,?520-550 ($571-604) per tonne ex-works on September 25, down from ?,?550-570 per tonne ex-works. The assessment reflected deals an...Read More
Fastmarkets published its coking coal indices three hours later than scheduled on Thursday September 26 due to technical problems.The following indices were published in Fastmarkets' price book later than scheduled:Premium Hard Coking Coal, cfr Jingtang, $/tonne Hard Coking Coal, cfr Jingtang, $/tonne Premium Hard Coking Coal, fob DBCT, $/tonne Hard Coking Coal, fob DBCT, $/tonne&nb...Read More
Here are five Fastmarkets MB stories you might have missed on Thursday September 26 that are worth another look.Traded volumes and open interest have remained high for the CME's aluminium premiums futures contracts even after spot market volatility eased this year, Sean Kessler, manager of metals products at the Chicago Mercantile Exchange said on Wednesday September 25.China's domestic stainless...Read More
The bullish fundamentals continue to mount... What are some clues the next rally is about to begin?Well, the mainstream is having a hard time avoiding gold & silver.Gold is, after all, up over 17%, year-to-date, and silver is up nearly 16% year-to-date.Enter Bloomberg, the go-to financial news source for the mainstream.I'm actually impressed to see the MSM interviewing Keith Neumeyer.Why?Well, th...Read More
The three-month copper price on the London Metal Exchange had declined by the close of trading on Thursday September 26, below the $5,800-per-tonne resistance level while turnover was thin against an ascending US dollar index. Copper's outright price on the LME closed at $5,722 per tonne - its lowest level since September 3 - while volumes traded were light with just over 11,100 lots exchange...Read More
Silver's next major resistance is at...by Captain Ewave of CaptainEwaveCaptain EwaveGold: Possible Upside Wave ExtensionEmail: [email protected] Website: www.captainewave.com GOLD: Short Term UpdateWe are now working on the assumption that all of wave *iii* is complete at the 1565.00 high, and that over the last week or so we have been falling in wave *iv*.Our current low within wave *iv* is 1...Read More
Traded volumes and open interest have remained high for the CME's aluminium premiums futures contracts even after spot market volatility eased this year, Sean Kessler, manager of metals products at the Chicago Mercantile Exchange said on Wednesday September 25. Speaking at Fastmarkets' International Aluminium conference in Athens, Greece, Kessler said sustained high volumes during current quieter...Read More
If the U.S. government decides it needs large amounts of silver, where will they look?by Matt from Silver Fortune via Silver FortuneIf the U.S. government decides it needs large amounts of silver, where will they look? Read More