|Day Low/High||70.36 / 71.78|
|52 Wk Low/High||29.78 / 74.41|
BHP Billiton, for one, continues to benefit from easy central bank money.
And Carlsberg is feeling the effects, as beer volumes fell in some markets in the second quarter.
The miner hit rock bottom and can only go higher from here.
We are bullish on gold as long as central bankers are stuck in the low-rate/low-growth cycle.
U.S. stocks moved lower Tuesday, after the three major indices closed at record highs on Monday.
Investors await Home Depot's earnings and the July consumer price index on Tuesday.
Retail earnings and Federal Reserve speakers will be in focus for the week of August, 15.
As the dollar and stocks climb, there's a correction in selling for gold and other precious metals.
Struggles of Bank of Japan and Fed help keep metals complex surging.
News conference by ECB's Draghi doesn't inspire confidence for European investors.
Dry bulk shippers were left for dead, but underlying demand is still strong.
Among other metals, silver is treading water while zinc is a big mover.
Better snap up Alcoa now, before its splits, to take advantage of both its businesses.
Betting on long-term coal growth may not be best strategy.
A close above the April highs would show additional strength.
Especially if the yen weakness continues and Brexit support polls remain close.
I will start Takeaways the way I started it yesterday. Blah, blah, blah. Too many are certain in view. Indeed, if you listen to someone who talks with certainty and is authoritative in view, hide your children from them! The only certainty is the la...
Peter Boockvar writes about sentiment, housing, the price of paper and other items in today's missive (which includes a nice shout-out to me): "Investors Intelligence's latest sentiment survey shows that bulls fell one point to 39.2%, their lowest l...
There are causes for concern, but a selloff down to $1,250 should be a buying opportunity.
Some want gold on a selloff, others are concerned about excessive length.
Selloff into the $25-$20 area could evolve as part of a longer-term basing pattern.
U.S. stocks slumped on Wednesday, following disappointing private sector jobs data.
More trouble for the already beaten down mining stocks. BHP Billiton and Vale as they got hit with a $44 billion lawsuit on Tuesday.
Was it because of a certain Chinese sovereign wealth fund or a large hedge fund?
Basic materials look set for a pullback despite long-term bull trend.
Without the Iranians, any agreement on a production freeze is a farce.
Drop in oil inventories helps crude get further away from $35 barrier.
A trading range bounded by $20 and $30 would be the most likely course of events in the weeks ahead.