Chinese ferrous futures remained subdued during morning trading on Thursday May 10, ending the session little changed from their opening prices after the physical steel and iron ore markets weakened a day earlier.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,587 yuan ($564) per tonne, unchanged October hot-rolled coil: 3,682 yuan per tonne, down 5 yuan per ton...Read More
The biggest debates I have are with gold bugs. They believe endless money printing will inevitably lead to hyperinflation and that will push the gold price over $5,000 an ounce while sinking the dollar to near zero.Continue...Read More
SHANGHAI, May 11 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar fell overnight after the April consumer-price inflation data came in weaker than expected. The US dollar index closed at 92.71, down 0.42%.Base metals saw mixed trading. LME copper gained 1.5% as inventories declined. LME lead nudged up while tin lost 1.6% and...Read More
Another strong earnings report is also boosting SolarEdge stockMost new homes in California will now be required to have solar panels, and Wednesday's decision is continuing to provide a boost to a number of solar energy stocks today. For example, the Guggenheim Solar ETF (TAN) is trading up 4.3% at $26.08, on pace for its highest close since mid-January. As for specific stocks to watch, SolarEdge...Read More
Source: Chris Vermeulen for Streetwise Reports 05/09/2018 Chris Vermeulen of Technical Traders discusses what he believes is ahead for U.S. stocks. -->Since before the start of 2018, we have been relying on our advanced predictive modeling systems, technical analysis and our understanding of the capital markets to help our members take advantage of the incredible price swings in 2018.These...Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
For most Americans the geopolitical/financial crises of the 1970s happened so long ago that they're about as relevant as the Revolutionary War or the Reformation.Continue...Read More
SHANGHAI, May 10 (SMM) – Sales of new-energy passenger vehicles in China came in at 73,145 units in April, up 150% year on year and up 31.3% month on month, according to data from China Passenger Car Association (CPCA) released on Wednesday May 9.The jump in April suggested a continuous growing demand, Cui Dongshu, secretary general at CPCA, was quoted as saying in local media reports.The A0...Read More
Is gold headed below $1000? I doubt it. Like every other bullion investor who has tired of watching gold's price meander sideways for nearly six years, I've grown increasingly disappointed and frustrated. But also concerned, as many apparently are, that one last, hellish plunge may be necessary to shake out the weak hands. However, looking at the long-term chart, I'm persuaded that bulls still...Read More
Macy's, Nordstrom, and J C Penney will also reportA handful of Fed speeches highlight the week ahead, with Cleveland Fed President Loretta Mester and St. Louis Fed President James Bullard both slated to speak twice. Retailers will be in the spotlight, with data on monthly retail sales expected, and Walmart (WMT) among several retailers reporting earnings. In addition, fellow blue chips Home Depot...Read More
(Kitco News) - Gold and silver pricesare moderately higher in early U.S. trading Thursday. The metalsare seeing support from a bit of safe-haven demand, a slightly lower U.S.dollar index, a tame U.S. inflation report, and some short covering in thefutures markets. June Comex gold futures were last up $8.30 an ounce at $1,321.20.July Comex silver was last up $0.196 at $16.73 an ounce. TheU.S. econo...Read More
Allianz Chief Economic Advisor Mohamed El-Erian on Federal Reserve policy, North Korea, President Trump's policies and the outlook for oil prices and stocks.Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of the world's largest bond funds in the wor...Read More
Let's hope history doesn't repeat, because we all know what happened to silver in 2011, the day after the big announcement. Here's the details...Please hear me out before saying, "Ole Half Dollar's fallen off his rocker again".This thought keeps creeping up in the back of my mind, so it's probably good to just speak my mind.And get it off my chest.On Monday, May 2nd, 2011 (Pakistani time), which w...Read More
Import rod markets have been quiet in the United States, with traders still hesitant to close on cargoes due to ongoing uncertainty around Section 232 exemptions. American Metal Market kept its assessment of import rod prices steady, at $600-635 per ton ($661-700 per tonne), flat from two weeks ago. The price has been unchanged since February 28, when traders grew concerned about future cargoes be...Read More
The retail ETF is currently in its worst two-month stretch of the yearWall Street is about to get hit with an onslaught of retail earnings in the next few weeks, drawing options traders to the SPDR S&P Retail ETF (XRT). Given the retail sector's recent struggles, most of the activity on the exchange-traded fund (ETF) appears to be of the bearish variety. Today, for instance, though volume is still...Read More
May 10, 2018, Vancouver, B.C. - Northern Vertex Mining Corp. (TSX.V:NEE) (OTC Nasdaq Intl.:NHVCF) (the "Company" or "Northern Vertex") is pleased to announce the appointment of William (Bill) Martinich to the position of General Manager at the Company's 100% owned Moss Gold Mine, located near the city of Bullhead, NW Arizona, USA. Mr. Martinich is a dedicated mining professional with over 20 y...Read More
LONDON (Reuters) - Bank of England Governor Mark Carney said on Thursday that interest rates are likely to rise “over the course of the next year”, speaking shortly after the central bank kept borrowing costs on hold in May.“It’s likely over the course of the next year rates will go up... that’s the most likely thing to happen,” Mr Carney said in an interview wi...Read More
In 45 years, the world has gone from energy shortage and fears of "Peak Oil" to an energy glut where it seems the world is drowning in oil and floating on a cloud of natural gas at the same time.Continue...Read More
by Claudia Carpenter, BloombergIran's gold demand will probably be "strong" for the next few months and then gradually decline as U.S. sanctions start to take effect, according to the researcher who covers the country for Metals Focus Ltd.After a previous set of sanctions was imposed on Iran in 2012, it took two years for the country's gold demand to start falling, according to data from the Wor...Read More
The market's 'fear gauge' is headed for a sixth consecutive lossU.S. stocks are trading higher at midday, with investors digesting this morning's weaker-than-anticipated inflation data, which is easing concerns about the pace of Fed rate hikes. The Dow Jones Industrial Average (DJI) is up triple digits, pacing for a sixth straight win, which would mark its longest winning streak since February....Read More