Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
Recent market and economic developments are positive for Gold and precious metals but conditions are not bullish yet.Continue...Read More
Brazil's President-elect and former army captain, Jair Bolsonaro, has named a Navy admiral as his Mining and Energy Minister. This appointment marks the eighth member of the armed forces to Bolsonaro's government and the 20th Minister appointed so far.Bento Costa Lima Leite de Albuquerque Junior (60), the current head of Brazilian Navy's nuclear and technology development program, was born in...Read More
Recent market and economic developments are positive for Gold and precious metals but conditions are not bullish yet.Bullish conditions and bullish fundamentals would be highlighted by a shift in Fed policy. They aren't shifting yet. They are slowing, which precedes a shift.From a market standpoint, we need to see strength in Gold in real terms (against stocks and foreign currencies) and a steepen...Read More
Precious metals expert Michael Ballanger profiles a company that recently merged with Buena Vista Gold and explains why he believes the company's large land holdings in Nevada have the potential to become a world-class asset. The state of Nevada has always been a source of fascination for me ever since 1982 when I was in the early stages of my career as a stockbroker. I was chatting with our mini...Read More
Aurania Resources' (TSXV: ARU) exploration team announced the discovery of silver-lead-zinc mineralization in grab samples that run as high as 325 g/t silver, 48% zinc, and 39% lead in its Lost Cities - Cutucu project in Ecuador.In a media statement, the Toronto-based miner said that the discovery was made between the new Tiria epithermal gold-silver target and the Jempe copper porphyry zone.Accor...Read More
Domestic prices for stainless steel in Europe have remained under pressure from competitive trading, both with imports from Asia and between domestic suppliers, sources told Fastmarkets on Friday November 30.Transaction prices for grade-304 cold-rolled (CR) stainless sheets were assessed at ?,?2,100-2,150 ($2,389-2,446) per tonne delivered on November 30, down by ?,?50 per tonne from ?,?2,150-2,20...Read More
Key data for the pricing session for the week ended Friday November 30. China The domestic ferro-chrome spot price stabilized on thin trading activity and sellers' unwillingness to cut their price further because current levels have been close to their production costs.The imported charge chrome market was lackluster this week while the market digested the consequences of a...Read More
A Chinese official waxed optimistic on trade talksThe Dow spent most of the session fairly close to breakeven, but ultimately rallied nearly 200 points after a Chinese official said the U.S. and China are finding common ground before the much-anticipated dinner between the countries' leaders at the G-20 meeting this Saturday. As such, the Dow logged its best week since November 2016. The S&P and N...Read More
The shares have surged 264% over the last 12 monthsThe U.S. stock market is trading modestly lower as the G-20 summit gets underway. There's some volatile price action among individual stocks, including media name World Wrestling Entertainment, Inc. (NYSE:WWE), immune disorder specialist Fate Therapeutics Inc (NASDAQ:FATE), and golf retailer Callaway Golf Co (NYSE:ELY). Here's a quick look at what...Read More
Weeklies allow investors to fine-tune their trading time frameThere are many benefits to buying options, namely limited losses and theoretically unlimited gains. But for investors looking to "customize" their trade to capitalize on -- or hedge against -- near-term moves, many turn to weekly options. Below, we discuss the benefits of trading these short-term option contracts.The most popular stocks...Read More
One ETF has ended the month higher nine of the past 10 yearsDecember has historically been a bullish month for Wall Street. In fact, we recently outlined the best stocks to own in December, as well as the stocks to avoid, if past is prologue. But what about specific sectors? Historical data indicates that one exchange-traded fund (ETF) in particular tends to shine in the final month of the year: t...Read More
The S&P and Nasdaq are eyeing their best week since FebruaryAfter a dismal Thanksgiving week, stocks bounced back with a vengeance, thanks to some dovish Fed chatter and cautious optimism ahead of the critical meeting between U.S. President Donald Trump and China President Xi Jinping at the G-20 summit this weekend. The Dow Jones Industrial Average (DJI) is pacing for its best week since November...Read More
Recent market and economic developments are positive for Gold and precious metals but conditions are not bullish yet.Bullish conditions and bullish fundamentals would be highlighted by a shift in Fed policy. They aren’t shifting yet. They are slowing, which precedes a shift. From a market standpoint, we need to see strength in Gold in real terms (against stocks and foreign currencies)...Read More
CloseGain/LossOn WeekGold $1221.70-$2.20-0.09%Silver$14.17-$0.13-0.49%XAU64.46-0.52%-1.24%HUI145.04-0.93%-1.88%GDM531.74-0.56%-1.54%JSE Gold1098.81-25.26-3.68%USD97.19+0.41+0.29%Euro113.20-0.69-0.08%Yen88.21-0.09-0.62%Oil$50.93-$0.52+1.01%10-Year3.002%-0.027-1.22%Bond140.71875+0.59375+0.49%Dow25538.46+0.79%+5.16%Nasdaq7330.54+0.79%+5.64%S&P2760.16+0.82%+4.85% The Metals: ...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort156,779154,90865,544172,358188,458394,681408,910Change from Prior Reporting Period -8,727-1,702-49,840-28,901-35,941-87,468-87,483Traders139101865152239199 Small Speculators (C) GoldSeek.com LongShortOpen Interest 48,12033,891442,801 4,3294,344-83,139 non reportable positionsC...Read More
The two world leaders will meet in Argentina this weekend to discuss tradeThe stock market is quiet ahead of this weekend's highly anticipatedmeeting between U.S. President Donald Trump and China's President Xi Jinping at the G-20 summit. The two leaders are expected to discuss tariffs, and the talks come on the heels of a freshly inked trade agreement between the U.S., Mexico, and Canada. At last...Read More
Editors note: I am not sure what to make of being called "Ireland's Mr Gold" but I suppose you could be called worse. For me, my fellow founder Stephen and our excellent team, it has never been about gold itself, but rather it has been about the benefit that gold provides to our clients, their families, their companies and the wider society.This benefit is not just in terms of hedging, financial...Read More
A Black Swan is whensomething dramatic happens that most people did not expect, like when houseprices went down, not up...remember that?Last week on Bloomberg News,Javier Blas wrote of a new “Shale Boom” that could...create “OPEC’sWorst Nightmare”. https://www.bloomberg.com/news/articles/2018-11-21/opec-s-worst-nightmare-the-permian-is-about-to-pump-a-lot-moreThat sen...Read More
The bearish analyst attention is nothing new for CREE stockThe shares of Cree, Inc. (NASDAQ:CREE) are down 4.2% to trade at $43.97 this morning, after J.P. Morgan Securities downgraded the LED specialist to "underweight" from "neutral." The analyst in coverage cited trade tensions with China as a possible disruption to the company's supply chain and sales prospects, and said the shares look over...Read More
Bloomberg said the Fed is accelerating its probe into GS' role in the 1MDB scandalThe shares of Goldman Sachs Group Inc (NYSE:GS) are trading down 2.6% at $189.60, after BofA-Merrill Lynch downgraded the blue-chip bank stock to "neutral" from "buy," and cut its price target to $225 from $280. The brokerage firm cited lingering "uncertainty" surrounding the financial firm's role in the 1MDB scandal...Read More