The next move for gold prices may not please the bulls, who are likely betting for the return of stock market volatility boosting sentiment around the yellow metal. "In the last four gold selloffs, greater than average volume occurred across the entire futures chain while front month gold prices held support -- this suggests new longs and accumulation in the lower $1300's," says Bank of America...Read More
U.S. markets are staging a long-awaited rebound this week, bouncing higher for a third straight session Wednesday after a particularly nasty short Thanksgiving trading week. That might pull investors' attention back away from conventionally defensive assets like gold. But that's a big mistake. After a prolonged stretch of underperformance, gold is finally staging a major turnaround here. Simply...Read More
Even though interest in precious metals has fallen over the past few years, investment demand is still the largest growth sector in the silver market. Yes, it may be hard to believe, but physical silver investment has grown the most since the 2008 financial crisis compared to the other sectors. And while industrial users consume the highest amount of silver in the overall market annual...Read More
(Bloomberg) -- High prices for lithium and cobalt will hinder sales growth in battery-powered vehicles the next few years, according to HSBC Holdings Plc (LON:HSBA).Global market share by 2025 for fully electric vehicles will be lower than previously projected -- 9.4 percent, compared with an earlier estimate of 10.5 percent, HSBC analysts Alexandre Falcao and Augusto Ensiki said in a report....Read More
(Adds closing prices)By Josephine Mason and Julien PonthusLONDON, Dec 3 (Reuters) - Mining and energy stocks led a rally in British equity markets on Monday after Washington and Beijing agreed a ceasefire in their trade conflict, which has upended financial markets, and oil prices surged ahead of an OPEC meeting.Starting the final month of the year on a positive note, the blue-chip index ended the...Read More
Investing.com - Gold prices rose to more-than-a-month high on Monday as a drop in the dollar lent support to the precious metal following news that the U.S. and China agreed to put any new tariffs on hold for 90 days.At 11:04 AM ET (16:04 GMT), gold futures for February delivery on the Comex division of the New York Mercantile Exchange gained $12.60, or 1.03%, to $1,238.60 a troy ounce, after touc...Read More
(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 2.1 pct, FTSE 250 up 1.3 percent* Xi, Trump agree truce on sidelines of G20 summit* RPC falls after ending takeover talks with Bain Capital* Convenience store McColl's sinks after profit alertLONDON, Dec 3 (Reuters) - Mining and energy stocks led a rally in British equity markets on Monday after Washington and Beiji...Read More
Markets are playing it cool Wednesday morning, holding positive territory ahead of the Fed's 2:00 p.m. rate hike decision. Broadly, investors expect the Fed to hike rates by 25 basis points - markets are pricing in about a 67% probability of a hike as of Wednesday morning - but hope that a revised dot plot could hint at Jay Powell and company hitting the brakes on additional hikes for 2019. The...Read More
Technical observations of RossClark@shaw.caBob HoyeInstitutional AdvisorsPosted Sep 18, 2018(Click on image to enlarge)###Bob HoyeInstitutional Advisorsemail: bobhoye@institutionaladvisors.comwebsite: www.institutionaladvisors.com321goldLtdRead More
* FTSE 100 up 1.7 pct* Sterling sinks further after May lays down gauntlet to EU* Banks and miners drive gains* Just Eat tumbles on report Uber in talks to buy Deliveroo (Updates prices, adds details, quotes)By Helen ReidLONDON, Sept 21 (Reuters) - A slide in sterling after a speech by Prime Minister Theresa May helped boost Britain's exporter-heavy FTSE 100 to a 2 1/2 week high, cementing a thr...Read More
Erik Townsend and Patrick Ceresna welcome Keith Dicker back to MacroVoices. Erik and Keith discuss the government bond bubble, artificially suppressed interest rates and rethinking bonds for portfolio allocations. They discuss what impact that a bond market route could have on equities and if the bond bear market has started. They conclude with their outlook on equities and gold.Read More
(Repeats with no changes. The opinions expressed here are those of the author, a columnist for Reuters)* Global Copper Stocks: https://tmsnrt.rs/2OwwYKI* Stocks by Exchange: https://tmsnrt.rs/2OsdVRnBy Andy HomeLONDON, Oct 16 (Reuters) - The copper market is currently experiencing a squeeze on physical metal.This is unexpected.The London Metal Exchange (LME) price CMCU3 is treading water just abov...Read More
(Repeats with no changes. The opinions expressed here are those of the author, a columnist for Reuters)* Global Copper Stocks: https://tmsnrt.rs/2OwwYKI* Stocks by Exchange: https://tmsnrt.rs/2OsdVRnBy Andy HomeLONDON, Oct 16 (Reuters) - The copper market is currently experiencing a squeeze on physical metal.This is unexpected.The London Metal Exchange (LME) price CMCU3 is treading water just abov...Read More
Silver continues to be a singularly neglected and unloved investment, and has been for years now, but as we will proceed to see, this is not a situation that is likely to continue for much longer. On its 10-year chart we can see that silver has basically been moving sideways marking out a low base pattern since late 2014 - late 2015, following a severe bearmarket from its 2011 highs. For a while...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:stewart@gutrader.comNovember 6, 2018 1.US elections are here!2. Please click here now.Double-click to enlarge this big picture chart for gold. 3.From both a technical and fundamental perspective, gold looks solid. 4.This chart suggests that whatever happens in the US election, it's going to be positive for g...Read More
As investment flows and increased risk appetite driven by U.S. quantitative easing and the emergence of ETFs have pushed copper prices higher than the fundamentals suggest in the near term, RBC Capital Markets is warning that a correction is possible in the near term. However, copper remains the firm’s preferred base metal and it raised its price forecasts to reflect an improving supply-dema...Read More
With all the noise and uncertainty floating around these days in the global economy, it’s no surprise everyone is looking for a unique way to profit from gold, the generally acknowledged safe haven in times of strife.John Redstone, analyst with Desjardins Securities, has come up with a list of six base metals companies that are also well-leveraged for a rising gold price. Interestingly enoug...Read More
Analysts and strategists at UBS share their views on commoditiesQ: What is your take on recent developments in base metals?A: We were concerned over the base metals in early April, because of the potential for a global synchronised slowdown over the summer and into Q4, and because of the potential for risk capital to exit positions. We now believe that the slowdown is priced in, and we anticipate...Read More
* Asian shares near 9-month low, Nikkei down 0.5 pct* Falls in U.S. tech shares heighten worries* Yuan steady for now after PBOC's movesBy Hideyuki SanoTOKYO, July 4 (Reuters) - Asian stocks were on shaky ground on Wednesday while the Chinese yuan stood near 11-month lows as the spectre of a Sino-U.S. trade war haunted investors ahead of an end-of-week deadline for U.S. tariffs on billions of doll...Read More
With the first half of 2018 now behind us, it’s an opportune time to look at whats been happening in the Chinese Gold Market. As a reminder, China is the largest gold producer in the world, the largest gold importer in the world, and China’s Shanghai Gold Exchange is the largest physical gold exchange in the world.For various reasons such as cross-border trade rules, VAT rules and de...Read More