DIN Newsletter for September 30, 2016

Stock Of The Day: Buy or Sell? Franklin Resource (BEN) is a Sell Chart for BEN Risk levels may be somewhat higher than normal and additional caution is warranted. CHARTS OF THE DAY RE/MAX HOLDINGS INC [RMAX] Chart for RMAX RMAX share price is $43.41, which is 2% above its 21-day moving average of $42.42. […]

Copper up on China data, gold gains on Deutsche concerns

Copper futures pushed modestly higher on Friday amid data indicating that China’s manufacturing sector has steadied in recent months. Copper for December delivery on the Comex division of the New York Mercantile Exchange was last up 0.7 cents at $2.197 per ounce. Trade has ranged from $2.1805 to $2.20. “Copper’s correction appears to have run […]

Commodities Week in a Minute: Off to play some golf, Gold, dogs in face masks plus ACA, GEM, HGM, LOM & POLY – Proactive Investors UK

Commodities Diamonds and precious stones More tid-bits this week, than anything significant… cue mass closure of email! If you are still here, then some caution towards the US election is being used as an excuse for lower retail demand from the US at this time, certainly this has been a theme at this week’s DB […]

PRECIOUS-Gold gains as stocks slide on Deutsche Bank worries – Reuters Africa

* Spot gold set for 1 pct gain in September * Hedge funds reinforce worries about Deutsche Bank * Analysts watching U.S. Treasury bond yields * Coming up: U.S. Core PCE price index at 1230 GMT (Recasts, adds comment, adds London dateline) By Swetha Gopinath Sept 30 (Reuters) – Gold rose on Friday as concerns […]

PRECIOUS-Gold gains as stocks slide on Deutsche Bank worries – Reuters

* Hedge funds reinforce worries about Deutsche Bank * Analysts watching U.S. Treasury bond yields * U.S. consumer spending unexpectedly falls in August (Adds U.S. personal income data; updates prices) By Swetha Gopinath Sept 30 Gold rose on Friday as concerns about Deutsche Bank triggered a sharp sell-off in equities that undermined risk appetite, and […]

Metals struggle to hold gains in risk-off mood, lead bucks trend

Base metals other than lead were sideways to lower Friday’s LME premarket, reflecting increased risk aversion among investors in thin trading conditions. Today’s activity could get choppy – as well as the end of the month and third quarter, it precedes a week-long national holiday in China. “Trading is likely to quieten down although thinner […]

Gold prices little changed, seen higher By Investing.com – Investing.com

Gold prices hold steady, but European bank sector concerns support Investing.com – Gold prices were little changed on Friday, as mixed U.S. data released on Friday weighed on the dollar and as sustained concerns over the European banking sector pushed traders to turn to safer assets. On the Comex division of the New York Mercantile […]

South Africa's mining industry in the wake of subdued commodity … – Indiainfoline

2016 marked another challenging year for SA’s mining industry in the wake of subdued commodity prices, an increase in short-term volatility, increased pressure on operating models and regulatory uncertainty. These are some of the highlights from PwC’s (www.PwC.com) eighth edition of SA Mine, a series of publications that highlights trends in the South African mining industry, released […]

Metals consolidate recent gains ahead of a day of data

China’s Caixin Manufacturing PMI – Actual 50.1, Expected 50.1, Previous 50.0 Metals were diverse yesterday with nickel prices slipping 2.7 percent to $10,410, while lead continued its rally with a three percent rise to $2,065, zinc was up 0.9 percent, aluminium was up 0.5 percent, with tin 0.4 percent higher and copper was off 0.1 […]

Gold Prices May Rise on Deutche Bank Woes, Blurring US PCE Impact – DailyFX

Talking Points: Crude oil prices hit 1-month high but fail to secure clear breakout Gold prices rise from weekly low as funds abandon Deutsche Bank Impact of US PCE data may dissipate amid banking sector jitters Crude oil continued to push higher after Russia signaled it is willing to cooperate with OPEC on managing global […]