LONDON, 7 January 2020 - Comment from BullionVault today leads a report on the New Year surge in gold prices from UK personal finance magazine MoneyWise."Like bullion prices," the article quotes Adrian Ash, director of research at BullionVault, "underlying demand for gold had already turned higher in 2019, most especially among investors in the Eurozone."Read Adrian's full comment in the Moneywise...Read More
APH put options have been popularElectronics stock Amphenol Corporation (NYSE:APH) is trading down 0.7% at $105.88, following the company's fourth-quarter earnings release. While the fiber optics maker reported a top- and bottom-line beat, a more cautious outlook is weighing on the shares. There's even been bullish analyst attention, with Evercore ISI raising its price target to $120 from $108, an...Read More
LONDON, 5 January 2020 - BullionVault's latest customer survey this morning leads a double-page spread about gold's 2020 outlook published in today's Mail on Sunday, the UK's best-selling 'mid-market' weekend newspaper."Confidence [for gold] to deliver strong price gains this year remains sky high," writes the Mail on Sunday's personal finance editor Jeff Prestridge, reporting that nearly 80% of r...Read More
VFC put options have been popularA big earnings loser this morning is VF Corp (NYSE:VFC). While the retailer reported adjusted fiscal third-quarter profit of $1.23 per share that topped estimates, revenue of $3.38 billion came in below the expected $3.43 billion. Plus, the apparel maker slashed its full-year revenue and profit forecasts amid weak demand for its Timberland brand.In response, VF Co...Read More
The broadcasting firm posted fourth-quarter earnings and revenue that exceeded analysts' estimates The shares of Comcast Corporation (NASDAQ:CMCSA) are down 1.8% in electronic trading, set to open at $46.62, after the firm's early morning turn in the earnings confessional. The stock was surging earlier, however, signaling speculation on Wall Street is mixed. The broadcasting giant posted impressiv...Read More
The precious metals sector remains in a correction, and as long as the 200-day moving averages hold, a bullish consolidation that began last September.Sure, Gold made a new high and is still holding around the previous high, but the rest of the sector has not confirmed that strength. When Gold is outperforming Silver and the gold stocks, it is not a bullish signal for the short-term.With that in m...Read More
Silver is still in consolidation mode sinceearly September, but could be close to a resolution.Below, is chart of silver: On the chart there appears to have formedsome fractals. The current one has also broken out at the blue line in middleto late December of 2019, and is currently retracing.It would be ideal for it to find support atthe 50-day MA or higher. Any lower and the pattern might be inva...Read More
Jordan Roy-Byrne CMT, MFTA The precious metals sector remains in a correction, and as long as the 200-day moving averages hold, a bullish consolidation that began last September.Sure, Gold made a new high and is still holding around the previous high, but the rest of the sector has not confirmed that strength. When Gold is outperforming Silver and the gold stocks, it is not a bullish signal for...Read More
- RambusIn part 2 of this Important Inflection Point For the PM Complex, we'll look at some US dollar charts along with a few important currencies of the world. I don't have to tell you that the US dollar can play a very important role in how the PM complex and commodities in general may perform. Even though it's never a perfect correlation important turning points can appear very close to the...Read More
By: Ira EpsteinGold is in a sideways market since missile day. Holding its 18-dma:Read More
Safe haven demand (due to Chinese corona virus) is supporting gold. I expect a rise in Chinese gold demand during the Chinese New year, if the virus is not contained in the next two weeks. Chinese economy will see a short term hit. More and more Chinese will buy gold out of fear. It is the fear of the unknown that will drive more and more people to gold.Chinese authorities are acting quickly. It...Read More
Ford stock has struggled to remain higher in 2020Ford Motor Company (NYSE:F) stock is eyeing a lower open, after the car manufacturer late Wednesday night announced it will see a $2.2 billion pre-tax loss in the fourth quarter due to an increase in contributions to employee pension plans. In terms of earnings, Ford is scheduled to report earnings early next month, on Tuesday, Feb. 4.On the charts,...Read More
It's another big day for earnings on Wall StreetU.S. stock futures are trading below fair value this morning with earnings in focus once again. Dow Jones Industrial Average (DJI) components Procter & Gamble (PG) and Travelers (TRV) are both moving lower in electronic trading following the companies' earnings releases, while other high-profile names like Comcast (CMCSA) and Southwest Airlines (LUV)...Read More
Jordan Roy-Byrne CMT, MFTA The precious metals sector remains in a correction, and as long as the 200-day moving averages hold, a bullish consolidation that began last September.Sure, Gold made a new high and is still holding around the previous high, but the rest of the sector has not confirmed that strength. When Gold is outperforming Silver and the gold stocks, it is not a bullish signal for...Read More
- RambusIn part 2 of this Important Inflection Point For the PM Complex, we'll look at some US dollar charts along with a few important currencies of the world. I don't have to tell you that the US dollar can play a very important role in how the PM complex and commodities in general may perform. Even though it's never a perfect correlation important turning points can appear very close to the...Read More
- Gary Christenson, Deviant InvestorIn the red corner, unpayable debt threatens to crush the US economy, stock and bond markets, and main street Americans.In the green corner, the levitating power of the Fed might save the economy, stock and bond markets, and Wall Street Banks.Red or green? Who wins?Breaking news: Apple stock closed over $315. The S&P 500 Index closed over 3,300 in January....Read More
By: Ira EpsteinGold is in a sideways market since missile day. Holding its 18-dma:Read More
Safe haven demand (due to Chinese corona virus) is supporting gold. I expect a rise in Chinese gold demand during the Chinese New year, if the virus is not contained in the next two weeks. Chinese economy will see a short term hit. More and more Chinese will buy gold out of fear. It is the fear of the unknown that will drive more and more people to gold.Chinese authorities are acting quickly. It...Read More
Seaborne iron ore prices dropped significantly on Thursday January 23 in the lull ahead of the week-long Chinese New Year holiday, amid rising concerns over the potential impact of the coronavirus outbreak in Wuhan.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $93.44 per tonne, down $3.24 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $92.48 per tonne, down $3.24 per tonne.6...Read More
Hebei Iron and Steel Group (HBIS), also known as Hesteel Group, has secured a yuan-denominated contract to buy iron ore from Vale, China's second-biggest steelmaker said this week.The contract was signed on Monday January 20 according to an announcement on the HBIS website on Thursday, and is worth around 200 million yuan ($29 million).The...Read More