The reasons to be optimistic about this company are covered in a BMO Capital Markets report. In a Sept. 11 research note, analyst Andrew Kaip reported that his firm BMO Capital Markets upgraded its rating to Outperform and raised its target price to $50 per share from $40 on Newmont Goldcorp Corp. (NEM:NYSE). Driving those positive changes are BMO's improved outlook for the mining company and the...Read More
Gold has been on a tear lately. This has lead to many of you asking me why the precious metal is breaking out and if this is the start of the next bull market.Gold is rallying primarily due to central bank issuing forward guidance. What I mean by this is that globally central banks have made it clear that they are going to be cutting rates and launching new QE programs going forward.This is result...Read More
On the weekend, there was a drone attack against theworld’s largest oil processing facility and a major oilfield in Saudi Arabia.Oil prices have predictably spiked, but how will this geopolitical shock affectthe gold market in the days ahead? WhatHappened?On Saturday, the drone bombings struck the Abqaiqoil-processing plant and the Khurais oil field in Saudi Arabia. Both areimportant facilit...Read More
MichaelNowak, the global head of trading for both base and precious metals at JP Morgan Chase, has been charged by the US Justice department for his role inan illegal market manipulation operation. Executive Directors Gregg Smithand Christopher Jordan were also indicted.The three are the latest targets in a widening DOJ criminal probe.Nowakand Smith and Jordan are the third, fo...Read More
After the news of the drone attack on the Saudi Arabia oil refinery, traders knew this week would be full of bigger price moves, reversals and some real opportunity for profits. We were also well aware of the risks of engaging in these market moves prior to fully understanding the dynamics of this event. We heard from many of our friends in the industry about open positions that were n...Read More
Way back in January, I showed you that the price of gold had beaten the S&P 500 Index over a number of different time periods, including the month, quarter, year... and even the century (so far!).Last week it was brought to my attention recently in a tweet by Charlie Bilello, director of research at Pension Partners that the yellow metal has also outperformed arguably the greatest living investo...Read More
By: Avi GilburtSeveral weeks ago, the market was in a precarious posture, and had an opportunity to drop down to my next lower targets between 2600-2700SPX. But, it invalidated the set up to point us down there for now, and began pointing back up towards resistance.As I said in my last article on the SPX several weeks ago:Over the last week, we were giving the S&P 500 an opportunity to prove tha...Read More
By: Ira EpsteinGold should have risen $30-40 off the Saudi attack news. Daily gold chart is not looking so bullish..Read More
Inability of gold and silver to rise yesterday, in my view was just profit taking and nothing else. Most of the traders were long or are long before the FOMC tomorrow. So basically zero effect on intraday price move. However gold and silver have risen in all currencies except the US dollar. Gold prices rose in Indian rupees and other Asian currencies. Another reason to short the US dollar Index...Read More
We are finally in the throes of angst that accompany all bull markets in their early stages...by Michael Ballanger via Streetwise ReportsWhy don't we start things off a tad differently this evening? Let me relate to you all a parable from the Book of Quantitative Easing where all is good and noble in the world of government oversight, the most widely used oxymoron in the history of mankind.Grann...Read More
Are people also selling their silver right now because the price has risen, and they want to minimize their dollar losses?by Keith Weiner of Monetary MetalsThis week, the prices of the metals fell further, with gold -$18 and silver -$0.73.On May 28, the price of silver hit its nadir, of $14.30. From the last three days of May through Sep 4, the price rose to $19.65. This was a gain of $5.35, or +3...Read More
(IDEX Online News) - Jewelers of America (JA) and Jewelers Board of Trade are gathering data for the Retail Jewelers Benchmarking Study. The study will give a comprehensive overview of the jewelry market place. The organizations say the study is designed to bring retail jewelers the information they need to make informed decisions about their businesses that can improve profitability.The study, wh...Read More
(IDEX Online) - August U.S. retail sales grew 4.6 percent year-over-year. According to the National Retail Federation (NRF), sales also increased 0.4 percent over July. The numbers exclude automobile dealers, gasoline stations and restaurants.NRF's numbers are based on data from the U.S. Census Bureau, which reported that overall August sales - including auto dealers, gas stations and restaur...Read More
(IDEX Online) - Industry charity Jewelers for Children (JFC) has unveiled its 2019 Hope for the Holidays program. The program includes holiday greeting cards made from designs created by children representing St. Jude Children's Research Hospital. For the third year, Hallmark has donated all the printing for the cards.The three designs were created by children who were either patients at...Read More
The...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.Subscr...Read More
White Gold turns heads as exploration steps up a gearSPONSOREDwhite gold corpSilver Mines times Bowdens to perfectionSPONSOREDsilver mines limitedPoster South Africa mine regeneration on trackSPONSOREDorion mineralsLean mining and the fourth industrial revolutionSPONSOREDdassault systemesThe AIM-listed copper and base metals producer is active in Kazakhstan and North Macedonia.Read More
Positive trading environmental for aluminium and...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the lates...Read More
Aluminium LME aluminium price action has been kept...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download th...Read More
Short-covering under way Copper has rebounded...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest i...Read More
Prices push through $2,100 per...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as...Read More