Deutsche Bank initiated with a "buy" ratingComputer maker Dell Technologies Inc (NYSE:DELL) is climbing the chartsthis morning, last seen up 4.3% at $55.72, after Deutsche Bank initiated coverage with a "buy" rating and $62 price target on the stock. The brokerage firm said it believes DELL could stave off industry headwinds, and might benefit from refinancing opportunities in the event of lower...Read More
Stronger dollar is creating a renewed short-term headwind for gold.Falling short interest and overcrowding also increase gold's risks.Gold mining stocks, however, will continue outperforming bullion.Gold's progress since last month's bottom has been nothing less than astounding. The rally over the last three weeks has allowed the metal to claim the distinction of being one of the top percentag...Read More
CCL is pacing for its worst day since 2012One of the worst stocks on the New York Stock Exchange today is Carnival Corp (NYSE:CCL), down 12.6% to trade at $46.21 this morning. The company's adjusted second-quarter earnings and revenue came in above analyst expectations, but the cruise line cut its 2019 profit forecast, citing the U.S. government policy change toward travel to Cuba. This is pacing...Read More
The 10Y US Treasury yield is now down 11bps from the FOMC Statement, plunging back below 2.00% for the first time since November 2016, as Gold has spiked up to almost $1400...its highest since Sept 2013.Read full newsRead More
Alibaba just announced that its "6.18 Mid-Year Shopping Festival" broke records across China The shares of Alibaba Group Holding Ltd (NYSE:BABA) are popping this morning, after the Chinese e-commerce giant announced that its "6.18 Mid-Year Shopping Festival" broke sales records across China. The event, which took place over 18 days and featured over 200,000 brands, helpedmany of the participating...Read More
The Dow is set for a huge open as investors cheer a dovish FedU.S. stock futures are pointing to a higher open, with the Dow Jones Industrial Average (DJI) set for a more than 250-point jump out of the gate. The bullish backdrop comes after the Fed's dovish update yesterday, putting a potential interest-rate cut on the table for 2019. Meanwhile, weekly jobless claims were lower than expected this...Read More
ECB's Mario Draghi may have unintentionally reignited smoldering currency wars with his Sintra, Portugal, comments.President Donald Trump was immediate in his reaction and conclusion that this was a currency shot across the US economic bow.Gold Technicals are currently strong, and a catalyst like competitive devaluation could awake gold from its long dormant hibernation.ECB's Mario Draghi may...Read More
Uncertainty about US trade policy has truncated the rally in stocks.Gold remains supported by central bank buying and fears of a US dollar collapse.Gold miners look best placed to reap the benefits regardless of direction.A collapse in the US dollar is needed for gold to rally substantially.In Q4 2018, as stocks declined, gold rallied 8.1% and gold mining stocks 13.7%. It was a prescient reminder...Read More
"We are excited to see @PhoenixGlobalM take to the stage next week at #MJselectPhoenix Global has a 23 square kilometre brownfields exploration property in Idaho, USA. The old Empire Mine and 3 other past producing mines are within the property https://t.co/qhqmCphM6E #MJS"Read full newsRead More
* Copper touches highest since May 21 * GRAPHIC-2019 asset returns: (Updates with closing prices)By Eric OnstadLONDON, June 20 (Reuters) - Nickel and other base metalsmarched higher on Thursday after the U.S. central bank signalledrate cuts and investors hoped that the economy of top metalsconsumer China would recover.Both nickel and copper touched the highest levels in morethan three weeks, partl...Read More
"Spearmint Resources (@Spearmint_Res)(#CSE: $SPMT | #OTCQB: $SPMTF) Exploring the Bountiful #Mining Assets of the #GoldenTriangle [https://t.co/BNVT5yo7MZ]#investing #stocks #stockmarket #trading #investors #capitalmarkets #news #business #mining #exploration #gold #copper #news"Read full newsRead More
As we head into the seasonally weak summer months, it is best to look for, initiate, or accumulate positions with sound fundamentals, trading with valuation disconnects due to exogenous factors, notes David Morgan, editor of The Morgan Report, www.TheMorganReport.com. Further, the adage "Sell in May and come back after Labor Day" may apply. This is the most common occurrence in the summer months;...Read More
Reuters - Barrick Gold Corp the world's No. 2 gold miner, believes its proposed offer to take full control of its African unit is "more than fair" and will engage with Acacia Mining Plc's board and minority shareholders to win them over, Chief Executive Mark Bristow told Reuters on Tuesday. Acacia agreed on Tuesday to extend to July 9 the deadline for Toronto-based Barrick to make a firm offer to...Read More
According to Ross Norman, CEO, Sharps Pixley, www.sharpspixley.com, a London-based bullion broker, gold could be in the very early stages of a bull run. "We are seeing distinct similarities with the very early bull run in the late 1990s, just before we saw that inflection moment. There was massive despondency in the physical market for gold, increasing M&A amongst the miners and a market tra...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday June 19.Please click...Read More
The United States Secretary of Commerce has joined the growing chorus of voices questioning the current method of setting the US Midwest aluminium premium. Wilbur Ross said the US Midwest aluminium premium is at inflated levels that do not justify the cost of transportation and logistical handling costs that it was originally designed to reflect. His view is being echoed by a number of...Read More
Chinese nickel premiums jumped to record highs, creating expectations that global premiums will follow them higher while metal is drawn to China from Europe. Arbitrage opportunities push up both Chinese nickel premiums European premiums hold up despite some supply being diverted to Asia US premiums steady but briquette business seen as weak Chinese premiums at highest everIn China, the in-warehous...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average ended up for the third straight day Wednesday after the Federal Reserve said it would hold interest rates steady. Adobe (ADBE - Get Report) climbed after the San Jose, Calif.-based software company beat Wall Street's second-quarter earnings estimates. Adobe is Real Money's Stock of the Day. U.S. Ste...Read More
An overview of the noble alloys markets and the reasons for any price moves. Read More
An increase in Northern European buyers' spot market activity improved zinc premiums in Europe this week, while the closed import arbitrage window is weighing on zinc premiums in China and the United States' lead and zinc spot markets were quiet. Northern European zinc consumers acquired units from the spot market this week, leading premiums to rebound from record low levels. A major Indian lead...Read More