Raymond James downgraded to "underperform" from "market perform"Extra Space Storage Inc (NYSE:EXR) is down 0.6% to trade at $96.89 this morning, following a downgrade from Raymond James. Their analyst in coverage, Jonathan Hughes, cited that the "risk/reward skews negatively," and moved EXR to "underperform" from "market perform."Since a three-year low of $72.70 on March 23, Extra Space Storage st...Read More

LONDON, 9 March 2020 - Data and comment from BullionVault feature in today's live finance and business updates online from The Guardian, the UK's only left-leaning 'quality' newspaper.With gold in US Dollar terms hitting new 7-year highs this morning, "Over the last 7 days, trading volumes on BullionVault have jumped 102% from the previous 52-week average," says the paper, "with more than ?38.2m...Read More

DKS has seen an increase in put open interest over the past yearAfter it previously announcing that due to the impact of COVID-19 it was temporarily reducing the salaries of its executives, senior leadership and other teammates, Dick's Sporting Goods (NYSE:DKS) this morning said it will furlough a significant number of the workforce beginning April 12. The company, however, will continue to provi...Read More

The electric automaker is furloughing all non-essential workers and implementing salary cuts Tesla Inc (NASDAQ:TSLA) is up 1.9% $555.75 this morning after announcing its imminent plans in response to the coronavirus via email to U.S. employees. TSLA said it would furlough all non-essential workers for the time being and cut pay for salaried employees until the end of the second quarter The firm pl...Read More

LONDON, 6 March 2020 - First-time gold investors are being targeted by scammers, but there are simple signs to beware says BullionVault, quoted alongside other experts today by leading US finance news-site CNBC."The price of gold spiked again this week but scammers are also capitalizing on the surge," warns CNBC.One scam, says BullionVault's Adrian Ash, is over-charging unwitting investors for "ra...Read More

Tesla is furloughing all non-essential workers and cutting employee salariesAfter yesterday's roller-coaster session, Dow Jones Industrial Average (DJI) futures are signaling triple-digit gains this morning. There continues to be a slew of mixed messages as to whether the coronavirus pandemic is slowing; Johns Hopkins University reported a drop in daily case increases since Friday, but yesterday...Read More

By: Ira EpsteinGold daily chart shows maybe needs more work in the $1,600's. As it builds into an uptrend. The bollinger bands are widening up on the daily..Read More

Our researchers have been following Natural Gas for many months and believe the current price level, near $1.65, is acting as a continued historical support level (a floor in price).  Our researchers also used one of our data mining tools to attempt to identify if any opportunity exists in NG over the next 30 to 60+ days for skilled traders.  The purpose of this data mining tool is to ex...Read More

Currency is being created 'on scale never seen before in the history of mankind'Mark O'Byrne, research director at GoldCore.com told IG TV that markets are likely in a long-term bull market for gold and silver and a bear market for equities as the pandemic weighs on the global economy and creates a recession or an economic depression.Gold has made significant gains this year, with investors floc...Read More

A breakdown of the historical comparisons between Relative Strength Indicator (RSI) levels and the S&P 500 Index (SPX)The Relative Strength Indicator (RSI) is a popular technical analysis tool. It's an oscillator that ranges from zero to 100, in which many people focus on the 30 and 70 levels. Those levels are often used to define a market that is oversold or overbought, respectively. I'm looking...Read More

Prices for hollow steel sections in Europe widened this week with trading activity remaining slow ahead of the long Easter weekend break, sources told Fastmarkets on Wednesday April 8.Fastmarkets' weekly price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?590-610 ($641-663) per tonne on Wednesday, widening downward by ?,?5 per tonne from ?,?595-610 per tonne o...Read More

London Bullion Market Association (LBMA) officials have loudlyproclaimed there are plenty of gold bars in LBMA and COMEX vaults tomeet surging demand from buyers. Unfortunately for them, confidence is particularly fragile thesedays and cracks are starting to appear. Which is why anxious officials there issued not one, but twomemos last week in an attempt to reassure traders.It&rsquo...Read More

Turkish pipe export prices have gone down over the past month amid falling raw materials prices and the limiting effects on demand of the Covid-19 pandemic, sources said on Wednesday April 8.Fastmarkets' monthly price assessment for steel structural pipe, export, S235JR grade, EN10219, 2mm wall thickness, fob main port Turkey, was $490-500 per tonne on Wednesday, down from $530-540 per tonne on Ma...Read More

The yellow metal and its fiat nemesis. Gold and thedollar certainly move not in a random relation to each other. The strength anddirection of one taking the cue from the other changes over time, but what doesit tell us about the present moment?The key point with regard to the US currency is that it appears to have alreadyended its pullback and is now ready to soar well above its previous 2020 high...Read More

Turkey produced 5.865 million tonnes of crude steel in January-February 2020, up by 12.7% from 5.203 million tonnes produced in the corresponding period the year before, according to the Turkish Steel Producers Association (T???oeD). The rise in output was largely attributed to the significant decrease in production in Turkey in the second half of 2018 and all of 2019. The decline in Turkey's crud...Read More

David HaggithMonday was nothing but a dead-bull bounce on top of a dead-cat bounce, which means there is plenty of punishment to come. Pure testosterone drove the market's rise fed by nothing but the weak premise that New York's drop in the coronavirus death rate for a single night meant the worst is behind us. To prove how meaningless that was New York posted its highest daily increase in death...Read More

Craig Hemke, TF MetalsApril 7, 2020Just like two weeks ago, premiums are expanding again between the spot price for gold and the front month futures price. It was generally accepted two weeks ago that this was a signal of physical tightness that was soon to be resolved, because the gold was simply "in the wrong place". By this logic, it must still be.Let's start with the basics so that we're all...Read More

By Richard (Rick) MillsThe debt-to-GDP ratio is an important metric economists use for comparing a country's total debt to its gross domestic product (GDP). The percentage arrived at by dividing the country's total GDP by its total debt indicates the country's ability to pay back its loans. The higher the percentage, the higher the risk of a country being unable to pay the interest on its debt,...Read More

By: Ira EpsteinGold daily chart shows maybe needs more work in the $1,600's. As it builds into an uptrend. The bollinger bands are widening up on the daily..Read More

Currency is being created 'on scale never seen before in the history of mankind'Mark O'Byrne, research director at GoldCore.com told IG TV that markets are likely in a long-term bull market for gold and silver and a bear market for equities as the pandemic weighs on the global economy and creates a recession or an economic depression.Gold has made significant gains this year, with investors floc...Read More