A lawyer for Julian Assange has said the Pentagon - not the White House or any other government agency whose secrets he leaked - was behind the Continue...Read More
Gold prices continued to rise Friday, surpassing the key $1,400 level Continue...Read More
At the beginning of last week, I was challenged with a wager on the gold price. The individual, who called me a "gold Continue...Read More
Indian local secondary billet prices in the current week have fallen sharply by at least 1,600 rupees ($23) per tonne on weak demand while finished product makers such as rebar mills curtailed purchasing semi-finished products.Fastmarkets' assessment of the price for Indian domestic secondary billet stood at 28,100-28,300 rupees per tonne ex-works on Friday June 21, down by 1,600 rupees per tonne....Read More
The CIS export billet price neared $410 per tonne by the end of the week, as market participants had expected. They cited the drop in import scrap prices in Turkey as well as lack of demand in the major sales markets as reasons for the weakening of the price.Fastmarkets' daily CIS export billet index was $411 per tonne fob Black Sea on Friday June 21, down by $7 from Thursday.A 50,000-tonne cargo...Read More
The rationale for investing in this Canadian firm is presented in a ROTH Capital Partners report. In a June 19 research note, analyst Joe Reagor reported that ROTH Capital Partners initiated coverage on Integra Resources Corp. (ITR:TSX.V; IRRZF:OTCQB) with a Buy rating and a CA$1.40 per share price target. The company's stock is currently trading at around CA$0.88 per share. The updated resource...Read More
Fastmarkets has standardized the names of our metals and minerals prices across our product suite for ease of use and greater transparency.The aim of this exercise is to make it as easy as possible for our licensed users to identify and use our pricing data. As of two weeks from the date of this notice, all Fastmarkets price names will follow this structure, where possible: commodity + product/gra...Read More
Fastmarkets has standardized the names of our metals and minerals prices across our product suite for ease of use and greater transparency.The aim of this exercise is to make it as easy as possible for our licensed users to identify and use our pricing data. As of two weeks from the date of this notice, all Fastmarkets price names will follow this structure, where possible: commodity + product/gra...Read More
Fastmarkets has standardized the names of our metals and minerals prices across our product suite for ease of use and greater transparency.The aim of this exercise is to make it as easy as possible for our licensed users to identify and use our pricing data. As of two weeks from the date of this notice, all Fastmarkets price names will follow this structure, where possible: commodity + product/gra...Read More
The Dow spent most of the session higher before staging a retreatIt was a relatively quiet end to a busy week on Wall Street. The Dow spent most of the session in the black, with help from outperforming energy stocks, and even came within a chip-shot of record highs. However, an eleventh-hour sell-off prevented the blue-chip index from a fifth straight win, and sent the S&P 500 pulling back from...Read More
Fed Chair Jerome Powell hinted at lowered interest rates in the near future It was a triumphant week for stocks, with the Dow within striking distance of new highs, and the S&P 500 hitting a record intraday high. This week's optimism was due, in large part, to dovish comments from Fed Chair Jerome Powell, sending expectations for a July rate cut skyrocketing. The Fed chatter also translated into a...Read More
Overstock.com is going to focus only on blockchain The Dow is flirting with a new all-time high today as energy stock Chevron (CVX) surges alongside oil prices. Two stocks also in the spotlight today are e-tailer Overstock.com Inc (NASDAQ:OSTK) and private prison name CoreCivic Inc (NYSE:CXW). Here's a look at what's moving the shares of OSTK and CXW.OSTK Stock Bounces Back on Blockchain BuzzOST...Read More
Gold finally surged tonew bull-market highs this week! Severalyears after its last bull high, gold punched through vexing resistance afterthe Fed continued capitulating on ever normalizing. This huge milestone changes everything forgold and its miners’ stocks, unleashing new-high psychology fuelingself-feeding buying. With speculators notyet all-in and investors wildly unde...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 274,63370,31056,655141,993365,848473,281492,813 Change from Prior Reporting Period 24,5194,434-3,1804,27426,10225,61327,356 Traders 20669685559290170 Small Speculators LongShortOpen Interest 52,35532,823525,636 3,3601,61728,973 non reportable positionsCha...Read More
- Richard (Rick) MillsThe US Federal Reserve, the country's central bank, did what many expected on Wednesday, and held interest rates steady, while signaling that a rate cut is on its way. Despite pressure from President Trump to lower interest rates, the Federal Open Market Committee (FOMC) concluded after a two-day meeting that it will stay pat for now, meaning no change to the 2.25% to 2....Read More
Gold finally surged to new bull-market highs this week! Several years after its last bull high, gold punched through vexing resistance after the Fed continued capitulating on ever normalizing. This huge milestone changes everything for gold and its miners' stocks, unleashing new-high psychology fueling self-feeding buying. With speculators not yet all-in and investors wildly underdeploye...Read More
Summary: Gold closed at $1348 today according to Stockcharts but is now much higher at $1365 as I write this update. My two longer-term weekly charts on GLD show the potential for a massive upside breakout where price could really run hard & fast. My first chart is a 6 Year weekly showing a massive inverse Head & shoulders pattern that is ready to bust out to the upside of the inverse neckl...Read More
By: Ira EpsteinDrone Thursday - 100% July Cut in Rates Priced in - Gold Market is responding to falling dollar, rates, FOMC, drones, safe haven buying roaring into the market.Gold roars higher:Read More
- Jordan Roy-Byrne CMT, MFTAGold has finally broken out to the upside.In Asia trading on Thursday, Gold exploded through the $1360 to $1370 resistance zone and was able to hold the gains throughout the day, closing above $1395/oz. As we pen this article, Gold has to chance to break $1400/oz by the weekend. The close of the month (and quarter) next week will provide an additional clue as to th...Read More
Bullion's powerful rally this week has kicked this popular mining-stock vehicle into high gear. I haven't tracked it in quite a while but aim to do so now, provided it remains feisty and interesting. In that regard, GDX looks like it's about to ratchet up the interest-level, although not in a way we might have preferred. Notice that Thursday's energetic short-squeeze brought the ETF within inche...Read More