Messages

226

US Stocks / Re: American Airlines cancels all 737 Max flights through August 19

« on: December 15, 2019, 11:44:23 AM »

Parker also said canceling the flights now will help the airline plan for its busiest travel season of the year.

227

Metals / Gold gains as lack of details on trade deal lifts demand

« on: December 15, 2019, 10:28:57 AM »

Gold prices rose on Friday as investors remained cautious about the developments in the United States and China trade negotiations, while political uncertainties in the world’s biggest economy further boosted the metal’s safe-haven appeal.

Spot gold was up 0.5% at $1,477.09 per ounce and with gains of more than 1.2% so far this week, the yellow metal is on track for its best week in nearly three-months. U.S. gold futures settled up 0.6% at $1,481.20.

China will likely hit $50 billion in purchases of U.S. agricultural products, U.S. President Donald Trump said on after earlier announcing that he would roll back scheduled tariffs on Chinese imports as Washington and Beijing finalized an initial trade deal.

“Although there seems to be some progress, the lack of details is causing a lot of concern that we’re not as far along in the trade deal as people would like and as a result we are getting a flight to safety,” said Jeffrey Sica, founder of Circle Squared Alternative Investments.

Stocks swung between gains and losses, as investors were confused about signs of progress despite positive comments from both sides.

“The fact that gold is trading near $1,475 shows that there is still good interest in gold market... Although we have seen some risk appetite emerging on the back of phase one trade deal, other uncertainties continue to linger around U.S. political outlook,” Standard Chartered Bank analyst Suki Cooper said.

A Democratic-controlled U.S. House of Representatives committee approved charges of abuse of power and obstruction against Republican President Donald Trump on Friday, making it almost certain he will become the third American president in history to be impeached.

The dollar fell against a basket of currencies helping dollar-denominated gold edge higher.

Elsewhere, palladium fell 0.8% to $1,923.14 an ounce, having notched up an all-time high of $1,979.95.

“The auto sector is gradually gaining steam and with palladium being used as an autocatalyst in cars, demand is going up, while the supply still remains a constraint,” said Quantitative Commodity Research analyst Peter Fertig.

Plagued by a supply deficit, the metal has gained about 2.5% so far this week, predominantly supported by mine closures across major producer South Africa.

Platinum fell 1.9% to $925.71 per ounce, but was up about 3.5% for the week. Silver inched down 0.2% at $16.90 but was set to record its best weekly gain since the end of October.

https://www.cnbc.com/2019/12/12/gold-markets-federal-reserve-in-focus.html

228

Metals / Re: Gold sees worst month since 2016; markets seek clarity on trade talks

« on: November 30, 2019, 10:34:35 AM »

China warned on Thursday it would take “firm counter measures” in response to U.S. legislation backing anti-government protesters in Hong Kong.

229

Oil and gas / Re: Oil drops 4%, cutting gains for the month

« on: November 30, 2019, 10:33:29 AM »

Traders chalked the decline up to the resignation announcement of Iraq’s prime minister after weeks of deadly protests, as well as investors jockeying for position before the OPEC+ meeting next week.

230

Metals / Gold sees worst month since 2016; markets seek clarity on trade talks

« on: November 30, 2019, 10:30:55 AM »

Gold prices moved sideways on Friday, with markets awaiting further developments on how U.S.-China trade talks would proceed after Beijing said it would take retaliatory measures against Washington for passing a law in support of Hong Kong protesters.

The metal was on track for its biggest monthly decline since November 2016.

Spot gold inched 0.1% higher to $1,460.08 an ounce. It has shed around 3.5% this month alone. U.S. gold futures were 0.4% higher at $1,459.40 per ounce.

China warned on Thursday it would take “firm counter measures” in response to U.S. legislation backing anti-government protesters in Hong Kong.

″(The signing of the bill) takes another step back at the possibility of a trade agreement with China, which really upset them quite a bit. That is why we saw equities come off and gold futures push up,” said Phillip Streible, senior commodities strategist at RJO Futures.

Investors have hopped on to the possibility that a “phase-one” trade deal between the world’s two largest economies could be signed soon, spurring world stocks to hit record levels and dampening demand for safe haven assets such as bullion.

Gold, generally considered a hedge during times of financial or political uncertainty, fetches little interest and costs money to store and insure. However, gold prices were still on track for their best year since 2010, having gained 13.5% so far in 2019.

Uncertainties surrounding the long-drawn trade war and recessionary fears have provided support.

“Gold has managed to hold above $1,450 since there is some bargain hunting. This is a good entry level for the ones who missed out previously,” said UBS commodity analyst Giovanni Staunovo.

Investors are closely watching U.S. data for signs on the health of the world’s largest economy, which could influence the U.S. Federal Reserve in its decision on further monetary easing.

Reduced expectations of further interest rate cuts by the Fed has weighed on spot gold prices, RJO Futures’ Streible added. “We could go down to $1,425 by the end of the year.”

https://www.cnbc.com/2019/11/29/gold-markets-us-china-trade-deal-in-focus.html

231

Oil and gas / Oil drops 4%, cutting gains for the month

« on: November 30, 2019, 10:27:21 AM »

Oil prices dropped on Friday, cutting into a winning month for crude.

West Texas Intermediate futures fell more than 4% to settle at $55.17, posting a 4.1% loss for the week and snapping a 3-week winning streak. Trading volume was lighter than usual Friday, and crude did still manage to finish the month with a 2.3% gain. European Brent futures fell $1.44 to settle at $62.43. For the month prices were up 6%, making it the best month since April.

Traders chalked the decline up to the resignation announcement of Iraq’s prime minister after weeks of deadly protests, as well as investors jockeying for position before the OPEC+ meeting next week.

Following weeks of unrest in Iraq, Prime Minister Adel Abdul-Mahdi announced plans to resign Friday. Some traders believe an end to the country’s ongoing protests will lead to an end of threats to oil disruption, which is bearish for prices.

But RBC’s Helima Croft said tensions in the country may not be over so soon.

“I think oil drops because market participants believe that the protests are over but I am [not] so sure that this will assuage the demonstrators who have called for a complete overhaul of the entire political system and the patronage machine,” she said.

“Also is Iran going to be so happy to lose its key foothold in the country? I think the battle for the future of Iraq could be heating up,” she added.

OPEC is also in focus as the organization and its allies get ready to meet next week in Vienna. They were previously expected to announce an extension of the current output cut of 1.2 million barrels per day. This comes as output in the United States production continues to hover around record high levels.

But Again Capital’s John Kilduff said that hopes of a bullish outcome from the meeting are fading. NationShares president and chief investment officer Scott Nations echoed this, saying that the meeting has been thrown into turmoil following comments from Russian Energy Minister Alexander Novak.

“Russia’s energy minister signaled that Russia is likely to request a change to the current agreement among OPEC+ to curb output in an effort to boost crude oil prices. Expectations were for the production cuts to extend until Autumn of 2020 after an expected extension in March or April of next year and it now seems very likely they will end in March. This throws next week’s OPEC+ meeting into turmoil,” he said to CNBC.

Saudi Arabia is another key player to watch, Tudor, Pickering, Holt & Co. managing director Michael Bradley said. He noted that the meeting might now be “more controversial than expected” since the country is sending signals that it’s “no longer kosher” for countries to exceed their production quotas. Next week’s meeting is the first for Prince Abdulaziz bin Salman who became the country’s oil minister in September, so Bradley said that he’s also likely trying to throw his weight around prior to the meeting.

That said, he noted that volatility typically takes place ahead of OPEC meetings, and that the price action will likely continue right up to the final day of meetings.

https://www.cnbc.com/2019/11/29/oil-markets-opec-meeting-in-focus.html

232

Advertise here for FREE! / Re: Why pay more for Web Hosting...

« on: November 16, 2019, 04:53:35 PM »

Why pay more for Web Hosting

233

Share your views, submit an article to BuyActive.com
/ Re: TOP TEN PICKS

« on: November 16, 2019, 08:12:12 AM »

http://www.buyactive.com//toptenpicks.php

234

Announcements, Site News / Re: Please post in the correct subject category

« on: November 16, 2019, 08:10:38 AM »

PLEASE POST YOUR TOPIC ONLY IN THE CORRECT SUBJECT CATEGORY

235

Forex Trading / Re: The world is about to enter a negative interest rate environment

« on: November 09, 2019, 11:08:10 AM »

The global economic growth gradually slows down

236

European stocks / Re: EU approves new trade talks with US

« on: November 09, 2019, 11:06:15 AM »

In any event, TTIP was abandoned.

237

US Stocks / Re: Trump’s tariffs on $112 billion of Chinese imports hit at midnight

« on: November 08, 2019, 04:22:55 PM »

The president said the two sides had trade talks on Thursday “at a different level,” but no details were released from the White House on the discussion. The two countries are also set to meet face to face in early September in Washington.

238

Canadian Stocks / Re: Judge rules SNC-Lavalin headed to trial on charges of fraud, corruption

« on: November 08, 2019, 04:21:40 PM »

https://ca.finance.yahoo.com/news/newsalert-judge-rules-snc-lavalin-143246935.html

239

Metals / Gold edges down as investors await clarity on Brexit

« on: October 24, 2019, 08:05:05 AM »

Gold inched down on Thursday as investors awaited clarity on Brexit after the European Union delayed a decision on granting Britain an extension, while a weaker dollar provided a floor under prices.

Spot gold fell 0.2% to $1,488.58 per ounce as of 0725 GMT. U.S. gold futures lost 0.3% at $1,491.30 per ounce.

With EU members delaying their decision on whether to give Britain a three-month Brexit extension, Prime Minister Boris Johnson said if the deadline was deferred until the end of January he would call an election by Christmas.

“Even if Brexit goes through, there are enough geopolitical uncertainties to keep gold supported for the next two to three years,” said Hareesh V, head of commodity research at Geojit Financial Services.

“The dollar (index) has corrected from the 99.5 level to 97.2 on a continuous basis for the last two weeks. That is providing some support to prices,” he said.

The dollar index, which measures the greenback against a basket of other currencies, was down 0.1% at 97.396, on track for its second straight session of losses.

Markets have been volatile for months due to geopolitical uncertainties such as the U.S.-China trade war, Brexit, Hong Kong protests and tensions in the Middle East.

Non-yielding bullion is often seen as a safer investment during political and financial turmoil.

OANDA analyst Jeffrey Halley pointed to a lot of stale long positions and said a breakdown through $1,460.00 was likely to prompt more long-term holders to unwind positions to lock in profit.

Market participants await European and U.S. manufacturing data due on Thursday to gauge the health of the global economy, and a European Central Bank meeting, with no policy change expected at President Mario Draghi’s last at the helm.

Investors also await the U.S. Federal Reserve’s meeting on Oct. 29 and 30, at which it is expected to cut its benchmark interest rate.

Asian shares pulled ahead as corporate earnings and a ceasefire in northern Syria helped lift sentiment, though the U.S.-China trade spat and Brexit prevented a decisive shift towards riskier assets.

SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, said its holdings fell 0.13% to 918.48 tonnes on Wednesday from 919.66 tonnes on Tuesday.

Silver fell 0.4% to $17.49 per ounce. Platinum was up 0.6% at $920.74 per ounce after scaling a more than three-week high, while palladium rose 0.6% to $1,752.53 per ounce.

https://www.cnbc.com/2019/10/23/gold-markets-brexit-trade-war-in-focus.html

240

Announcements, Site News / Re: Please post in the correct subject category

« on: September 29, 2019, 05:56:07 PM »

PLEASE POST YOUR TOPIC ONLY IN THE CORRECT SUBJECT CATEGORY  OR YOUR ACCOUNT WILL BE SUSPENDED.