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Trade War Winner: Gold & The Miners

August 06, 2019 / news.goldseek.com

1. Is China a currency manipulator? For one possible answer to this question, please click here now. My view is almost identical to Kyle's; China's government is manipulating its currency... higher!2. Trump's tariff tax obsession may be somewhat comical, but it is creating substantial weakness in China's currency. That's because foreign and domestic investors are moving significa...Read More

Gold Surges To $1,475/oz and All Time Record Highs In Pounds, Yen, Canadian and Australian Dollars

August 06, 2019 / news.goldseek.com

GoldCoreGold prices have surged in dollars and all currencies due to the escalation in the trade wars and a return to currency wars between China and the U.S.Gold in USD - 10 Years - GoldCore.comGold surged as much as 2% in dollars yesterday and has consolidated on those gains today. It is gold's highest level in dollars in more than six years (see chart) and gold reached all time record highs (...Read More

Are You Still Trying To "Fade" The Bond Rally?

August 06, 2019 / news.goldseek.com

By Avi GilburtFor weeks, if not months, I have been reading one bearish bond article after another. In fact, many of these same writers have been arguing with me for months about the bond rally I expected back in November of 2018. One suggests that this rally is really a "fake," whereas another has been strongly suggesting that investors fade this rally, with many more supporting their opini...Read More

Golden Consequences

August 06, 2019 / news.goldseek.com

Richard (Rick) Mills The long-anticipated US Federal Reserve decision last Wednesday to notch interest rates downward was, like most of these over-hyped meetings, anti-climactic. Since the central bank in June hinted that a rate cut was in the offing, North American stock markets have trended up, but they took a hit on Wednesday following the Fed's decision to only lower rates by a quarter...Read More

Precious Metals Update Video: Gold market has become the safehaven, up nearly $200 since May's low

August 06, 2019 / news.goldseek.com

By: Ira EpsteinGold's daily chart, set a bear trap last week. 18 week MA is $1,437 level. Base formed around $1,450 area..Read More

Asian Metals Market Update: August-6-2019

August 06, 2019 / news.goldseek.com

After the release of US July nonfarm payrolls, I thought I will be an easy week to trade and invest. Continuous flow of news like branding China a currency manipulator will only increase volatility. There is now no reason for crude oil to rise. Chinese slowdown and India slowdown should result in demand led price fall. To me crude oil prices should fall fifteen percent at least in the short term...Read More

Automakers Flash Warning over Supplies of Critical Metals / Commodities / Metals & Mining

August 06, 2019 / www.marketoracle.co.uk

Whilemotorists continue to enjoy the benefits of a longstanding supply glut in crudeoil, car manufacturers are becoming increasingly worried about shortages. Notin liquid fuels, but in metals.Theautomotive industry requires certain strategic, rare, and precious metals.Without them, batteries for electric cars wouldn’t function and catalyticconverters for gasoline engines wouldn’t work....Read More

Morgan Stanley is Buying the Ford Stock Pullback

August 06, 2019 / www.schaeffersresearch.com

Ford shares are trying to end a five-day losing streakThe shares of Ford Motor Company (NYSE:F) are up 1.7% at $9.40, after Morgan Stanley raised its opinion to "overweight" from "equal weight" and lifted its price target to $12 from $10. The brokerage firm believes the automaker's restructuring efforts are paying off and its fears about a dividend cut have diminished. What's more, the analysts ad...Read More

EverQuote Stock Eyes Best Day Ever After Earnings Beat

August 06, 2019 / www.schaeffersresearch.com

The firm also lifted its revenue guidance Insurance concern EverQuote Inc (NASDAQ:EVER) is eyeing its best day on record, after announcing second-quarter earnings and revenue that exceeded analysts' estimates. The firm said its 35% growth in revenue was sparked by "broad-based momentum and the strength of our data-driven marketplace." EverQuote also lifted its third-quarter revenue guidance and fu...Read More

Analyst: Buy the Dip on This Luxury Retailer

August 06, 2019 / www.schaeffersresearch.com

Canada Goose stock fell to an annual low in early JuneThe shares of Canada Goose Holdings Inc (NYSE:GOOS) are up 2.9% to trade at $43.46 today, after D.A. Davidson called the retail stock's recent pullback a buying opportunity. The analyst pointed out that GOOS has "minimal exposure to U.S. tariffs on its sourcing from China," and that investors aren't "recognizing that the company is likely buyi...Read More

Stock Futures Signal Comeback After China Stabilizes Currency

August 06, 2019 / www.schaeffersresearch.com

The PBoC set the yuan's reference point higher than expected today, cooling tensions Dow Jones Industrial Average (DJI) futures are signaling a positive session today, after yesterday's dramatic trade-induced sell-off produced the worst trading day of 2019. Futures are more than 100 points above fair value this morning, after the White House declared China a currency manipulator -- and in respon...Read More

TQQQ vs. TVIX: How Traders Are Playing Triple-Leveraged Funds

August 06, 2019 / www.schaeffersresearch.com

A fund flow comparison on this wildly disparate pair of triple-leveraged ETFs is eye-openingIn case you neglected to tune into the second half of last week's trading, suffice it to say that investors were extremely skittish in the wake of Fed Chair Jerome Powell's post-interest rate cut remarks. After the top central banker described the much-anticipated easing move as a "midcycle adjustment," tho...Read More

Brazilian iron ore exports down 5% in July

August 07, 2019 / www.metalbulletin.com

Brazilian iron ore exports fell by 4.7% on the year in July, with Vale's successful resumption of some of its suspended operations slowing the rate of decrease in comparison with those a few months earlier, data released last week by Brazil's ministry of economy showed.The country exported 34.27 million tonnes of the steelmaking raw material last month, compared with 35.96 million tonnes a year ea...Read More

Why We're Buying Calls On Accenture Stock

August 06, 2019 / www.schaeffersresearch.com

ACN is seeing support at the rising 40-day trendlineConsulting name Accenture Plc (NYSE:ACN) has been climbing the charts long term, and following its recent pullback, is nearing the historically bullish 40-day trendline. The stock has bounced from its 40-day moving average several times over the course of its 37% year-to-date gain. With ACN having worked off its late-July overbought condition and...Read More

Weakened yuan stirs chaos in Asia's ferrous markets

August 07, 2019 / www.metalbulletin.com

The weakening of the yuan to a decade-low against the US dollar is causing a lot of disruption to steel trading markets in Asia, sources told Fastmarkets this week."The situation is very chaotic now, and bids and offers are all over the place," a trader in East Asia said on Monday August 5.China's decision to let its currency weaken to such lows - which has led to accusations against Beijing that...Read More

Gold's Next Target

August 06, 2019 / news.goldseek.com

Craig HemkeSince late May, the price of COMEX Digital Gold has been on a tear with a rally of over $200. Will this surge continue? Perhaps more importantly, can this surge continue?First of all, and so that we're on the same page, none of this should come as a surprise to regular readers. Since last November, we've been stating that 2019 would show the best gains for the precious metals since 20...Read More

Gold Resource Corporation Reports Second Quarter Net Income of $1.8 Million, or $0.03 Per Share, and Positioned to Increase 2019 Production Outlook

August 06, 2019 / news.goldseek.com

COLORADO SPRINGS, Aug. 06, 2019 -- Gold Resource Corporation (NYSE American: GORO) (the "Company" or "GRC") reported production results for the second quarter ended June 30, 2019 of 9,559 ounces of gold and 467,484 ounces of silver, which along with base metal revenue generated $29.4 million in net revenue and $1.8 million, or $0.03 per share, in net income for the quarter. The Company maintai...Read More

A Global Race To Zero In Fiat Currencies...

August 06, 2019 / news.goldseek.com

Dave KranzlerA Global Race To Zero In Fiat Currencies......ushers in the restoration of price discovery in the precious metals market. The price of gold is at or near an all-time in most currencies except the dollar. This summer, however, it would appear that the dollar-based valuation of gold is starting to break the "shackles" of official intervention and is beginning reflect the underlying fu...Read More

Trade War Winner: Gold & The Miners

August 06, 2019 / news.goldseek.com

1. Is China a currency manipulator? For one possible answer to this question, please click here now. My view is almost identical to Kyle's; China's government is manipulating its currency... higher!2. Trump's tariff tax obsession may be somewhat comical, but it is creating substantial weakness in China's currency. That's because foreign and domestic investors are moving significa...Read More

Gold Surges To $1,475/oz and All Time Record Highs In Pounds, Yen, Canadian and Australian Dollars

August 06, 2019 / news.goldseek.com

GoldCoreGold prices have surged in dollars and all currencies due to the escalation in the trade wars and a return to currency wars between China and the U.S.Gold in USD - 10 Years - GoldCore.comGold surged as much as 2% in dollars yesterday and has consolidated on those gains today. It is gold's highest level in dollars in more than six years (see chart) and gold reached all time record highs (...Read More

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