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
Mike "Mish" Shedlock is a registered investment advisor and representative for Sitka Pacific Capital Management. His articles about the the economy and investing online can be found at Mish Talk. Read More
"I have never ever said this, but truth is, they got caught spying. They were spying." Continue...Read More
Attorneys John Bolton, President Trump's former National Security Adviser, are in discussions with House committees about the possibility of giving a deposition in their Continue...Read More
Mark Mobius is an emerging markets fund manager and founder of Mobius Capital Partners.Continue...Read More
"The Stella represents an attempt to integrate the world's money as one." Continue...Read More
Some weak economic data has convinced some investors that the Fed will continue to cut rates.Continue...Read More
Turkish prices for hot-dipped galvanized coil (HDG) fell in the week ended Friday October 25, with demand remaining weak, sources have told Fastmarkets.Some buyers believed that prices may increase, while others said that local demand was not strong enough to support price increases.The expectation for a price increase was driven by the recent price rises for raw materials.Fastmarkets' daily index...Read More
China's domestic hot-rolled coil prices remained largely stable on Friday October 25 on steady demand, though market participants have a bearish outlook for the longer term.DomesticEastern China (Shanghai): 3,500-3,520 yuan ($495-498) per tonne, unchangedNorthern China (Tangshan): 3,500 yuan per tonne, narrowing upward by 10 yuan per tonneTrading activity remained moderate in Shanghai, while that...Read More
Indian domestic secondary billet prices in the current week fell following a drop in demand and in prices of finished long products, particularly rebar.The price of steel billet domestic, ex-works India assessed by Fastmarkets' on October 25 was down by 600 rupees ($6) per tonne to 26,000-26,200 rupees per tonne compared with last week's assessment at 26,600-26,800 rupees per tonne. "The...Read More
(Repeats to add links to FACTBOXES, no other changes) * Flagship forum to showcase Saudi future away from oil * Diversification slow to take off as investors remain wary * More participants expected than last year's event * Aramco IPO still biggest attractionBy Davide Barbuscia, Saeed Azhar and Stephen KalinDUBAI, Oct 25 (Reuters) - Wall Street's heavy hitters areback in Saudi Arabia but the terms...Read More
Domestic rebar prices in Poland have decreased over the past week, but the price trend is expected to change on the recovery of the international scrap market, sources told Fastmarkets on Friday October 25.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, exw Poland, was 1,930-1,960 zloty ($502-510) per tonne on October 25, down from 1,960-2,000 zloty per tonne ex-w...Read More
China's domestic rebar prices were largely flat on Friday October 25, while billet and futures both moved up.Eastern China (Shanghai): 3,580-3,610 yuan ($507-511) per tonne, unchangedNorthern China (Beijing): 3,550-3,600 yuan per tonne, widened upward by 10 yuan per tonneRebar futures rose after a data release on Thursday showed a sharp drop in inventories, sources said. Prices in the spot market...Read More
Intel's earnings beat brushed a disappointing report from Amazon (AMZN) under the rug The Dow reversed yesterday's dip by finishing over 150 points higher, thanks to positive news from both the corporate earnings and U.S.-China trade fronts. Today's earnings docket included a bang-up report from chipmaker Intel (INTC), which climbed over 7% on an earnings and revenue beat. That overshadowed a big...Read More
Intel was among the many blue chips that reported this weekStocks saw a positive start to the week, amid encouraging news on the U.S.-China trade front. Specifically, Chinese Vice Premier Liu He said both sides were making "substantial progress." The major stock market indexes spent the rest of the week reacting to an onslaught of earnings reports, with McDonald's (MCD) and Travelers (TRV) among...Read More
Since 2016, the US Monetary Base hasdeclined by about 23.68%. This is the deepest and longest decline since theFederal Reserve was formed. This should not be ignored.The last time there was a decline close tothis magnitude,there was a sharp deflationary recession. That was the one thatoccurred from 1920 to 1921.Below, is a long-term chart of the Monetarybase that goes back to 1918: During the 1920...Read More
The broader equities market is in rally mode, thoughIt's poised to be a record-setting session on Wall Street, with the upside fueled by a big earnings win for Intel (INTC). Not all stocks are higher, though, with utility name PG&E Corporation (NYSE:PCG) and alternative energy issue First Solar, Inc. (NASDAQ:FSLR) selling off this afternoon. Here's a quick look at what's pressuring the shares of P...Read More
Ferrous scrap prices on the global markets continued to move up during the working week ended Friday October 25, with a positive Turkish market adding to the stronger sentiment. Turkish import prices continue to move up on fresh booking US export prices up again on new Turkey cargoes Taiwan import prices increase on continued tight supply Vietnam import prices higher following global trend Indian...Read More
Schaeffer's Todd Salamone talks with SmallCapPower at MoneyShow TorontoSchaeffer's Senior V.P. of Research Todd Salamone recently caught up with SmallCapPower at The MoneyShow Toronto to discuss options trading. Todd goes into detail about one mistake options traders will want to be sure to avoid: putting too much money into a single trade. There are a few reasons why committing too much capital c...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 322,91763,78567,189171,329466,686561,435597,660 Change from Prior Reporting Period 3,547-2,5589,9353,62910,71117,11118,088 Traders 19681815552278189 Small Speculators LongShortOpen Interest 64,09327,868625,528 1,0305318,141 non reportable...Read More
Gold has stalled out, drifting sideways to lower for nearly a couple months now. Traders are becoming more frustrated its preceding powerful rally has failed to resume. That is inexorably eroding this past summer's bullish psychology. Corrective phases to rebalance sentiment are normal and healthy after strong uplegs. Gold had grown too overbought, exhausting traders' near-term buying...Read More