Several articles by others recently have pointed out the apparent inconsistency of the US dollar’s action relative to the price of gold. For example, over the past year the US dollar Index has continued to strengthen, while gold has also risen in price.That would seem to indicate that the US dollar’s value is not a primary factor in determining the price of gold. As we have said, thoug...Read More

The PC giant cited profitable contracts for its China-based server unitDell Technologies Inc (NYSE:DELL) stock is soaring today, after the PC maker reported adjusted second-quarter earnings of $2.15 per share on $23.45 billion in revenue -- more than analysts were expecting. The company cited increased desktop demand, as well as "higher-margin dollars" brought in by profitable contracts for its se...Read More

The makeup retailer posted second-quarter earnings and revenue that missed analysts' estimates Makeup retailer Ulta Beauty Inc (NASDAQ:ULTA) has taken a nosedive today, after the firm reported second-quarter earnings and revenue below analysts' estimates. The firm also slashed it full-year same-store sales and profit forecast, citing ebbing demand for the cosmetics market. ULTA stock, at last chec...Read More

There's a great deal of pessimism priced into CPBA big earnings winner this morning is Campbell Soup Company (NYSE:CPB), with the packaged food titan reporting adjusted fiscal fourth-quarter earnings and revenue that topped estimates. Net sales rose by 2%, as well, while gross margin increased to 34% from 31.4%. The company cited cost-cutting, and a better focus on its mainstream businesses as re...Read More

July's consumer spending reading topped estimates Dow Jones Industrial Average (DJI) futures are signaling another solid triple-digit jaunt higher, thanks to the latest buzz on the U.S.-China trade spat. Although new tariffs on $300 billion in Chinese goods are still set to go into effect this Sunday, Sept. 1, the two sides were reportedly maintaining "effective communication," according to China'...Read More

Christopher LewisAug 29, 2019 4:06 PM GMTGold markets went back and forth during the trading session on Thursday, as we continue to hover around the $1550 level. This is the top of the $50 consolidation box that we have been in for some time. We are reaching towards the top of the shooting star from the Monday session, but I think at this point short-term pullbacks will offer plenty of buying oppo...Read More

Investing.com - Gold prices were little changed on Friday,after a modest boost from U.S. inflation data failed to revive a rally driven by last week's escalations of the U.S.-China trade war. Gold futures for December delivery on the Comex division of the New York Mercantile Exchange, rose $1.15, or 0.1%, to $1,538.05 a troy ounce by 9:15 AM ET (13:15 GMT).The precious metal pulled away from t...Read More

European aluminium billet premiums on Friday August 30 traded at their lowest since late 2016 and early 2017, pressured by a sustained oversupply in the region. Oversupply, aggressive offers sink premiums in Europe. Brazilian billet premium falls on weak demand.US, Asian billet premiums steady. European premiums hit by sustained oversupplyEuropean billet premiums hit their lowest since 2016 follo...Read More

Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 362,60965,77154,297148,866482,672565,772602,740 Change from Prior Reporting Period 10,31513,4709,04715,45813,01434,82035,531 Traders 23459765659316170 Small Speculators LongShortOpen Interest 70,41133,443636,183 6,5565,84541,376 non report...Read More

An intriguing paradox is evident, whereby the USDollar continues to rise despite the global economic recession. In fact, it can be argued that the USDollar is rising in the past several months, because of the global recession. On a worldwide basis, the economy is struggling badly, especially in the West. Worse still, without a doubt, the rising USDollar is destroying the individual economies of...Read More

Avi GilburtPersonally, I love trading metals and have been doing so for quite some time. In fact, the best trade of my entire career was in silver many years ago. But, the one thing that we commonly see in the complex is that when the market strikes a top, it most often spikes into and then strongly reverses at that top as a culmination signal. Thus far, I have not seen that in the metals....Read More

By: Ira EpsteinLabor day weekend.. lighter volume expected. The gold market shows its 18-week moving average nearing $1,400. The Daily chart shows resistance around $1,560 on DEC-gold price. Support on 18-day moving average, $1,522+Read More

Ferrous scrap prices around the world fell over the week ended Friday August 30 on thin buying interest from end-users, which expected more price falls so were not eager to purchase materials. Ample supply damps prices More falls in export prices expected Prices plunge on thin buying interest Limited transactions on weak downstream demand.TurkeyImport prices in Turkey fell sharply week on week, wi...Read More

Key data from the pricing sessions in China, Asia, Europe and the United States for the week ending Friday August 30.Europe The high-carbon ferro-chrome market ticked down in response to business being reported at the lower end of the range and below.Some producers were aggressive in their offer prices to generate liquidity.At the same time, some producers have raised their offer prices in an effo...Read More

James Hyerczyk13 hours ago (Aug 30, 2019 11:56 AM GMT)Gold is inching lower on Friday on below average volume ahead of the long U.S. holiday weekend. The market is also trading inside yesterday’s range which suggests investor indecision and impending volatility. The market is in a position to close lower for the week after touching a multi-year high on Monday. The price action suggests the...Read More

Domestic rebar prices in Poland remained unchanged this week with market activity just beginning to recover after the seasonal summer slowdown, sources told Fastmarkets on Friday August 30.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, exw Poland, remained at 2,150-2,200 zloty ($542-555) per tonne on August 30.The assessment reflected the...Read More

Gold and Bitcoin are becoming correlated for the first time in historyStocks in the US are beyond overvaluedThe Fed may ease monetary policy furtherThe US Dollar is losing reserve currency statusGold continues hitting record highs against major fiat currenciesSafe-haven assets are seeing massive capital inflows. This has been forecasted for a long time by many people, including GSB and its readers...Read More

The three-month nickel price on the London Metal Exchange continued to surge at the close of trading on Friday August 30, closing at its highest level since September 2014, while a 3.6% uptick in tin futures did little to close a widening gap between the two metals.Nickel's rally began just before midday after the price breached the key $16,690 per tonne resistance level, opening a surge of fresh...Read More

The three-month nickel price on the London Metal Exchange soared over 8% this afternoon after Indonesia announced it would expedite a ban on nickel ore exports, previously scheduled to take effect in 2022.Nickel's outright price on the LME rocketed to an intraday high of $17,900 per tonne at midday this afternoon, its highest level since September 2014, while the spike occurred with under 5,000 lo...Read More

Prices for seaborne premium hard coking coal moved up on Friday August 30, recovering most of the losses suffered earlier this week and underlining a gap between low-vol and mid-vol cargoes in the segment.Fastmarkets indicesPremium hard coking coal, fob DBCT: $154.01 per tonne, up $5.01 per tonnePremium hard coking coal, cfr Jingtang: $167.54 per tonne, unchanged Hard coking coal, fob DBCT: $134.0...Read More