How you can transform lagging indicators into leading indicators.Many traders are tired of repeating the same mistakes over and over again, but are unsure how to break the cycle of bad decisions that lead to mediocre, or even poor results.And even the supposed "market gurus" or "experts" don't have the answer... or if they do, it's "all flash and no substance."But there is a REAL solution.While ot...Read More
Guggenheim has been busy boosting price targets this morningGuggenheim chimed in on several FAANG stocks this morning, lifting its price targets for Nasdaq heavyweights Alphabet Inc (NASDAQ:GOOGL), Facebook, Inc. (NASDAQ:FB), and Netflix, Inc. (NASDAQ:NFLX). Here's a closer look at those bull notes, and how the shares of GOOGL, FB, and NFLX are reacting.Guggenheim Targets Major Upside for Alphabet...Read More
Analysts see fresh highs ahead for ETSY and TWTR sharesThe rise in the share price for Etsy Inc (NASDAQ:ETSY) has been met with a number of bullish analyst notes over the past year, and this morning the stock attracted a new "buy" rating from Canaccord Genuity. The brokerage firm also set an $85 price target for ETSY, writing that there's a large under-penetrated market the company can take advant...Read More
POTUS is slated to meet with Chinese Vice Premier Liu He laterStock futures are choppy this morning, as traders eye U.S.-China trade negotiations. Ahead of today's meeting with Chinese Vice Premier Liu He, U.S. President Donald Trump tweeted negotiations with Beijing are "moving along nicely." However, a Wall Street Journal report hinted at several remaining hurdles, including Washington's request...Read More
The pattern suggests the USD will rise into this summer.The pattern in gold and the miners sector suggests lower movement into this summer.We have solid price targets and a number of key clues to suggest when and how we will go long the precious metals mining sector.Analysis and investors alike have grown frustrated by the sectors continued false breakouts. Hold on, it's about to happen again....Read More
The US dollar traded weaker on the day on Wednesday. The ADP payrolls report was disappointing, with the private sector showing a potential slowdown in the labor market. The ISM's non-manufacturing PMI was also lower, rising to 56.1 and missing estimates of 58.1. The March data was weaker compared to February's headline print of 59.7. Euro Rebounds as Retail Sales Rise The common cu...Read More
Cobalt market participants have been keeping an eye out for potential non-industrial buying, such as stockpiling from China's State Reserve Bureau (SRB), since global metal prices slid to two-year lows at the beginning of this year.A spotlight has been cast on the Chinese bureau ever since it carried out extensive research into major Chinese producers' products and output in the first quarter of t...Read More
The official end of the winter heating season in China - the world's largest iron ore consumer - a few days ago has coincided with a pick-up in market interest in the price spreads between different grades of the steelmaking raw material.On Monday April 1, a total of 350 lots of the Singapore Exchange's (SGX) 65% Fe iron ore cfr China futures contract were cleared and traded. The following day, 2,...Read More
Australia's largest gold producer, Newcrest Mining (ASX: NCM), has committed to sole fund all of the 2019 exploration programs with junior Encounter Resources (ASX: ENR), covering the highly sought after gold regions of Tanami and West Arunta in Western Australia.Newcrest, which has five joint ventures (JVs) with Encounter in the area, covering a total of 5,900 km2, will have the right to increase...Read More
In March, the World Gold Council released the newest edition of its Investment Update. What can we learn from the publication? Let’s examine the most recent history of Fed tightening and loosening with respect to its effect on gold prices. Is Fed’s Dovish Turn Positive for Gold? The WGC has recently published the new Investment Update about the effects of monetary policy on gold. The m...Read More
Stocks slightly extended their short-term uptrend on Wednesday, as investors' sentiment remained bullish following the recent rally. The S&P 500 index was the highest since the early October yesterday, but it closed just 0.2% higher. So will the uptrend continue?The U.S. stock market indexes gained 0.2-0.6% on Wednesday, slightly extending their short-term uptrend once again, as investors' sen...Read More
Base metals prices on the London Metal Exchange were lower across the board at the close of trading on Thursday April 4, with an uptick in the dollar index capping upward moves while a marginal uptick in LME stocks this morning also provided a headwind to price action. The dollar index reached a high of 97.34 over the day's trading, spurring unfavorable conditions for commodity investment. The ind...Read More
Physical iron ore prices were range-bound on Thursday April 4 after spikes earlier in the week, with China entering a long weekend from Friday to Sunday for the Tomb Sweeping Festival.MB 62% Fe Iron Ore Index: $92.90 per tonne cfr Qingdao, down by $0.18 per tonne.MB 62% Fe Pilbara Blend Fines Index: $92.02 per tonne cfr Qingdao, down by $0.18 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $95.53...Read More
Gold is positioned to becomea likely prime destination for safety inthe second quarter of 2019 amid deteriorating global macroeconomic conditions and rising geopolitical risks. The yellow metal swerved back and forth in Q1, gaining roughly 0.86% due to conflicting fundamental themes. But with the narrative around slowing global growth dampening appetite for risk and the Federal Reserve solidifying...Read More
Seaborne coking coal prices were steady on Thursday April 4 ahead of a holiday in China.On the Global Coal trading platform, a May-laycan cargo of premium hard coking coal in the premium segment was offered at $205 per tonne fob Australia during the day, while bids were made at $195 per tonne fob. A day earlier, a similar cargo was traded at $198 per tonne fob Australia. Elsewhere, a...Read More
Gold futures finished Friday trade slightly lower as financial markets awaited an update on reported progress in trade negotiations between the U.S. and China and as an upbeat reading on jobless benefits claims fueled expectations for a recovery in monthly hiring in a report due Friday morning. Gold for June delivery GCM9, +0.10% on Comex fell $1, or about 0.1%, to $1,294.30 an ounce, but had tou...Read More
Published 23 Hours AgoUpdated7 Hours AgoReuters Getty ImagesGold eased on Thursday, touching a near ten-week low earlier in the session and pressured by a firm dollar on the back of gold-positive U.S. jobs data, while investors awaited clarity on the U.S.-China trade talks.Spot gold was down 0.2 percent at $1,287.56 an ounce, having earlier touched its lowest since Jan. 25 at $1,280.59. U.S. gold...Read More
Investing.com - Gold prices edged up on Thursday in Asia as a weaker-than-expected U.S. payroll data outweighed optimism surrounding U.S.-China trade.Gold Futures traded on the Comex division of the New York Mercantile Exchange edged up 0.1% to $1,297.05 an ounce by 12:35 AM ET (04:35 GMT).Data on Wednesday showed private payrolls in the U.S. increased by just 129,000 in March, well below the expe...Read More
Base metals prices on the London Metal Exchange were lower across the board at the close of trading on Thursday April 4, with an uptick in the dollar index capping upward moves while a marginal uptick in LME stocks this morning also provided a headwind to price action. The dollar index reached a high of 97.34 over the day's trading, spurring unfavorable conditions for commodity investment. The ind...Read More
Not-so-good news about higher costs and capex estimates in an updated prefeasibility study this week for Alacer Gold Corp.'s (TSX: ASR; ASX: AQG) Gediktepe project in Turkey were partly offset by good news of a 117% jump in the project's indicated resource.Gediktepe's Ardich deposit is about six km northeast of Alacer's 80%-owned ????pler open-pit mine and is the company's highest priority develop...Read More