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COT Gold, Silver and US Dollar Index Report - August 16, 2019

August 16, 2019 / news.goldseek.com

Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 346,22356,13347,458136,823460,550530,504564,141 Change from Prior Reporting Period -4,335-1,880-2,447-187-785-6,969-5,112 Traders 23262785758315175 Small Speculators LongShortOpen Interest 63,45829,821593,962 614-1,243-6,355 non reportable...Read More

Gold Update Video: Gold anticipating FOMC meeting rate cut

August 16, 2019 / news.goldseek.com

By: Gary SavageGold into a resistance zone. Last line of defense for a gold bullion bank trapped and squeezed in a short position? Gold anticipating another Fed rate cut?Gary SavageRead More

Citron Favorite Flashes Buy Signal

August 16, 2019 / www.schaeffersresearch.com

A short squeeze could also power the shares higherWhen we last checked in on InVitae Corp (NYSE:NVTA), the genetic testing concern was fresh off a lofty bull note from Citron Research. Since nabbing an earnings-induced record high of $28.75 on Aug. 7, the shares have pulled back sharply, down 6.3% month-to-date. However, this Citron favorite -- which has more than doubled in 2019 -- is now flashi...Read More

GoldSeek Radio Interviews Gerald Celente Ph.D., Gold to rest prior record highs

August 16, 2019 / news.goldseek.com

Recorded August 14th, 2019. * Mp3 format.HighlightsTrends Research Institute's Gerald Celente returns with more good news for PMs aficionados. The original trends researcher correctly called the market breakout on June 6th. His model suggests a retest of the previous all-time record high around $1,900 is likely. $2,000+ gold is possible due in part to the nascent Great Recession 2.0, circa 20...Read More

Precious Metals Update Video: Gold has been acting as a safe-haven

August 16, 2019 / news.goldseek.com

By: Ira EpsteinI've stopped believing Trump when he talks about China/trade. Mexico cut its interest rate. Europe nearing its bazooka round of cuts and more. Gold has been acting as a safe-haven. I think the interest rate scare is a big part of this move in gold..Read More

Asian Metals Market Update: August-14-2019

August 16, 2019 / news.goldseek.com

Trend for gold and silver is bullish. Better than expected US retail sale numbers did not result in correction. Some section of traders are expecting an interest rate cut next month. China will retaliate against US trade tariff. I am not writing big lines. Positive economic news has not resulted in correction in gold prices. Momentum is very bullish. Look for signs of small $15-$20 correction in...Read More

Dow Eyes Daily Win, But Weekly Loss

August 16, 2019 / www.schaeffersresearch.com

The Nasdaq is higher too, after NVDA's big earnings win The Dow Jones Industrial Average (DJI) is keeping the positive momentum going at midday, looking to end a wild trading week with a daily win. Anxiety is easing over bond yields, and traders are cheering President Donald Trump's comments that the U.S. and China are "having very productive talks" by phone ahead of an expected September meeting...Read More

Gold Mining Stocks Q2'19 Fundamentals / Commodities / Gold & Silver 2019

August 16, 2019 / www.marketoracle.co.uk

The major gold miners’stocks have soared in recent months, fueled by gold’s decisive breakout to newbull-market highs.  Nothing motivatestraders like performance, so interest in this long-neglected sector has exploded.  While gold stocks’ technicals and sentiment havegreatly strengthened, their just-reported Q2’19 results reveal whether theirunderlying fundamental...Read More

Analysts Adjust Nvidia Stock Price Targets After Earnings

August 16, 2019 / www.schaeffersresearch.com

NVDA is popping after an earnings beatShares of chipmaker Nvidia Corporation (NASDAQ:NVDA) are soaring this morning, in reaction to the company's impressive second-quarter earnings and revenue beat. Nvidia cited increased demand for high-end video game graphics chips as the main driver, sending NVDA stock up 6.7% to trade at $158.79.Analysts have been quick to respond, with Mizuho and J.P. Morgan...Read More

Calls Hot Ahead of Baidu Earnings

August 16, 2019 / www.schaeffersresearch.com

Baidu will report earnings after the close on MondayU.S.-listed Chinese stocks are higher across the board today, after China's state planner outlined plans to boost disposable income this year and next, in order to spur a stalling economy. At last check, China-based search engine Baidu Inc (NASDAQ:BIDU) was up 0.7% to $95.02, shaking off a price-target cut from J.P. Morgan Securities to $110 fro...Read More

Precious Metals Gone Wild! Reaching Initial Targets - Now What's Next? / Commodities / Gold & Silver 2019

August 16, 2019 / www.marketoracle.co.uk

We have heard from so many of our followersand members regarding our precious metals calls and research articles.  Additionally, many of our members andfollowers have recently asked us about our August 19 breakdown prediction forthe US/Global markets.  In this researchpost, we’ll highlight some of our expectations for the precious metals and howthat relates to the potential August...Read More

CEO Warning Dampens AMAT's Earnings Beat

August 16, 2019 / www.schaeffersresearch.com

Applied Materials' CEO said the memory chip market is unlikely to recover in 2019Chip concern Applied Materials, Inc. (NASDAQ:AMAT) is sinking this morning, after CEO Gary Dickerson said a recovery in the memory chip market is unlikely before 2020. Dickerson also said that he expects2019 revenue to come in about one-third lower than the previous year. This is overshadowing the chipmaker's fiscal...Read More

Turkey's OYAK reaches provisional agreement to buy British Steel

August 17, 2019 / www.metalbulletin.com

Turkey's military pension fund, OYAK, has reached a provisional agreement to buy steelmaker British Steel, OYAK said on Friday August 16. OYAK is the biggest shareholder of Turkey's largest steel producer, Erdemir Group, and this agreement is a step toward in its goal to become a regional leader in steel sector, OYAK said. British Steel entered into compulsory liquidation in May 2019 and rece...Read More

Quota to be imposed on HR flat steel imports to Eurasian Economic Union countries from December

August 17, 2019 / www.metalbulletin.com

The Eurasian Economic Commission (EEC) will impose a quota for hot-rolled flat steel imports to members of the Eurasian Economic Union (EEU) for one year starting from December 1, 2019.The EEU countries are Russia, Belarus, Armenia, Kazakhstan and Kyrgyzstan. The total quota for the EEU bloc will be 1.33 million tonnes, the EEC announced last week.Volumes exceeding the quota will be a subject to a...Read More

Goldman: Sell This Industrial Stock

August 16, 2019 / www.schaeffersresearch.com

The bear note has the shares testing a key trendline todayGoldman Sachs downgraded Hexcel Corporation (NYSE:HXL) to "sell" from "neutral," and cut its price target by $2 to $73 -- a discount to last night's close at $80.49. The analyst in coverage called HXL's valuation "stretched," and warned of a potential deceleration in growth.Goldman's bear note marks the first "sell" rating for the industria...Read More

Stock Futures Surge as Bond Yields Recover

August 16, 2019 / www.schaeffersresearch.com

Housing starts fell for the third straight month in July Dow Jones Industrial Average (DJI) futures are trading well above fair value, as the blue-chip index looks to end a volatile week on a bright note and build on yesterday's positive momentum. Bouncing Treasury yields are easing concerns about a global recession for now, with the 10-year Treasury yield last seen at 1.56%. On the trade front, P...Read More

Retail Stocks DDS, TJX Make Pre-Market Moves

August 16, 2019 / www.schaeffersresearch.com

DDS shares have been getting crushedLooking at this morning's stock market news, two names making notable moves are retailers Dillard's, Inc. (NYSE:DDS) and TJX Companies Inc (NYSE:TJX). Here are the numbers to know for the shares of DDS and TJX today.DDS stock is generating headlines because of the company's earnings release, which is set to spark a massive sell-off. The security is trading down...Read More

LIVE FUTURES REPORT 16/08: LME nickel price holds gains; tin dips below $17,000 per tonne

August 17, 2019 / www.metalbulletin.com

The three-month price of nickel on the London Metal Exchange remained elevated at the close of trading on Friday August 16, retaining gains made at Thursday's close above the $16,000 per tonne support level, while a weak LME tin price could see the two prices converge.Nickel's three-month price closed trading at $16,200 per tonne, holding at a five-year high achieved on Thursday, while tin futures...Read More

COT Gold, Silver and US Dollar Index Report - August 16, 2019

August 16, 2019 / news.goldseek.com

Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 346,22356,13347,458136,823460,550530,504564,141 Change from Prior Reporting Period -4,335-1,880-2,447-187-785-6,969-5,112 Traders 23262785758315175 Small Speculators LongShortOpen Interest 63,45829,821593,962 614-1,243-6,355 non reportable...Read More

Gold Miners' Q2'19 Fundamentals

August 16, 2019 / news.goldseek.com

The major gold miners' stocks have soared in recent months, fueled by gold's decisive breakout to new bull-market highs. Nothing motivates traders like performance, so interest in this long-neglected sector has exploded. While gold stocks' technicals and sentiment have greatly strengthened, their just-reported Q2'19 results reveal whether their underlying fundamentals support their powerfu...Read More

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