Comex copper prices slipped in morning trading on Tuesday July 10, with the threat of further tit-for-tat tariffs between the United States and China exacerbating concerns about demand for metals.Copper for September settlement on the Comex division of the New York Mercantile Exchange fell 1.3 cents or 0.5% to trade recently at $2.8370 per lb. Continued uncertainty surrounding trade relations...Read More

Solaredge Technologies stock could find added support around the $50 level Alternative energy name Solaredge Technologies Inc (NASDAQ:SEDG) has vaulted up the charts lately, adding 43% in 2018 and more than doubling in the past 12 months. The shares set a record high of $70.73 on May 14, but have since worked off their overbought status. With the stock's pullback successfully contained by its 160-...Read More

 CloseGain/LossGold $1255.50-$2.70Silver$16.06-$0.05XAU83.54+0.31%HUI179.70+0.49%GDM629.57-0.03%JSE Gold1077.79+1.72USD94.14+0.04Euro117.47UNCHYen89.92-0.34Oil$74.11+$0.2610-Year2.863%+0.002T-Bond145.0625-0.0625Dow24919.66+0.58%Nasdaq7759.20+0.04%S&P2793.84+0.35%  The Metals: Gold fell $10.80 to $1247.40 in London before it bounced back higher in New York, but it still ende...Read More

Turkish steel producers have resumed their deep-sea purchases of scrap for delivery in August following a downturn in prices, sources said on Tuesday July 10.Four deep-sea cargoes were heard traded on Tuesday, three of which were sold out of the United States, Metal Bulletin was told.A steel mill in the Izmir region booked a US cargo, comprising 32,000 tonnes of HMS 1&2 (80:20) at $348 per tonne,...Read More

WBA was downgraded to 'in line' at Evercore ISIShares of drug store chain Walgreens Boots Alliance Inc (NASDSAQ:WBA) are lower in early trading, after Evercore ISI downgraded the stock to "in line" from "outperform." The brokerage firm said that while it doesn't think Amazon.com (AMZN) "will emerge as a massive threat to the pharmacy overnight or even over the medium to long term" following the...Read More

 CloseGain/LossGold $1255.50-$2.70Silver$16.06-$0.05XAU83.54+0.31%HUI179.70+0.49%GDM629.57-0.03%JSE Gold1077.79+1.72USD94.14+0.04Euro117.47UNCHYen89.92-0.34Oil$74.11+$0.2610-Year2.863%+0.002T-Bond145.0625-0.0625Dow24919.66+0.58%Nasdaq7759.20+0.04%S&P2793.84+0.35%  The Metals: Gold fell $10.80 to $1247.40 in London before it bounced back higher in New York, but it still ende...Read More

By Ira EpsteinGold continue to drift lower with no story to prop it up.https://www.iraepstein.com/ Read More

CMG stock has added almost 60% in 2018Chipotle Mexican Grill, Inc. (NYSE:CMG) stock is 1.9% lower to trade at $455.10 this morning, after Mizuho downgraded the restaurant name to "underperform" from "neutral," while boosting its price target to $330 from $300. The analyst in coverage believes the company's aggressive recovery is already priced in, but also gave a stamp of approval for new CEO Bri...Read More

By Ed Steer10 July 2018 -- TuesdayYESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUMThe gold price began to head quietly but unevenly higher as soon as trading began at 6:00 p.m. EDT in New York on Sunday evening. That rally lasted until shortly after 12:30 p.m. BST in London on their Monday afternoon -- and as soon as COMEX trading began, a dollar index 'rally' commenced almost at the same mom...Read More

Evercore ISI also said the company shouldn't be affected by political risksAdding its name to the long list of firms that have upgraded Quest Diagnostics Inc (NYSE:DGX) this year, Evercore ISI this morning raised its rating on the healthcare stock to "overweight" from "in line," and set a $121 price target, which represents all-time-high territory. Not only does the analyst in coverage view DGX as...Read More

By Craig HemkeThe evidence is mounting, and we invite you to consider the implications. First, a few items of background information. Perhaps these are unrelated, perhaps they are not. In 2013, a major Chinese conglomerate called Fosun International purchased One Chase Manhattan Plaza from JP Morgan: https://money.cnn.com/2013/10/18/news/china-jpmorg... Why would this be significant? Because it'...Read More

By Dave KranzlerThe economy is melting down - the only support for the Propaganda Narrative of a "booming economy" is a rising stock market. Without a doubt Trump has ordered the Working Group on Financial Markets - AKA "the Plunge Protection Team" - to push stocks higher for now so insiders can unload.The huge jump in credit card debt reported yesterday by the Fed was received as "good news"...Read More

PepsiCo got the ball rolling for second-quarter earnings Coming off the blue-chip index's best day in a month, Dow Jones Industrial Average (DJI) futures are pointing to a fourth straight session of gains. While the stock market calendar remains somewhat light, traders at least have a major earnings release to consider in the form of PepsiCo's (PEP) second-quarter results. The Labor Department's J...Read More

Miles Franklin sponsored this article.Sometimes details obscure the bigger picture. The following graphs do not show most of the details and "noise." These log-scale graphs show one bar every four years (plus April 2018) based on official debt on July 1st, or the average of monthly closes every fourth year for M3, stock indices, houses and commodities.#1: The official national debt of the United...Read More

Graceland Updates By Stewart Thomson 1. For thousands of years, alchemists have dreamed of creating gold out of thin air. Arguably, today's alchemists are gold analysts obsessed with calling "market tops and bottoms". 2. The relentless search for this holy market grail doesn't build retained gold market wealth. That's because gold is simply an asset that is either on sale or n...Read More

By Clint SiegnerLots of bullion investors wonder if the metal they hold might one day be needed for barter and trade. They bought gold and silver, at least in part, as a form of insurance. It just might come in handy in an extreme circumstance such as a currency crisis of the sort Venezuelans are grappling with right now.However, a hyper-inflationary collapse in the dollar isn't the only dire sc...Read More

As I've noted in the past, the Commitments of Traders (COT) information is nothing other than a sentiment indicator. Moreover, for some markets, including gold, silver, copper, the major currencies and Treasury bonds, the COT reports are by far the best indicators of sentiment. This is because they reflect how the broad category known as speculators is betting. Sentiment surveys, on the other ha...Read More

Tightening is coming, brace yourself! And we mean 'tightening', not just the removal of monetary accommodation. Why we think so? Let's read our article about the recent FOMC minutes and find out! Poor Gold, Economic Outlook Is Positive Last week, the U.S. central bank published minutes from the recent FOMC meeting. How do the FOMC members view the economic outlook? On the one hand, they notic...Read More

- "Chaotic" Brexit more likely after Davis, Johnson resignations from UK government- London's rivals are slowly carving chunks out of its financial services business- UK's Brexit options are increasingly unappealing which may pressure the pound- Already Frankfurt, Paris, Luxembourg and Dublin seeing more foreign direct investment and financial services jobs- Risk of "death by a thousand cuts"...Read More

Political developments in the UK and the NATO summit will affect currencies as well as metals and energies. If gold and silver fall today, then physical buyers will be absent as they will be waiting for more correction. Today and tomorrow are crucial days for gold, silver and copper. They need to float over current prices to rise further. Sharp short-term corrections (if any) in gold and silver...Read More