Daily Archives: February 8, 2019

8Feb

TODAY’S COMEX GOLD SIGNAL AND DAILY TECHNICAL REPORT

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

INTERNATIONAL COMEX NEWS

  • The delayed U.S.-China summit and weaker forecasts for Europe are playing into a slowing global growth narrative that could brighten gold bugs’ hopes. Gold traded steady to higher on Thursday after NBC reported that a meeting between President Donald Trump and his Chinese counterpart Xi Jinping was “highly unlikely” before the March 1 deadline set by the U.S. for reaching a trade deal.
  • Russia’s apparent disinclination to come further into OPEC’s game and delays in the U.S.-China summit are frustrating oil bulls hopes of seeing U.S. crude above $55 per barrel. Crude prices tumbled more than 3% early in the day after Russian Energy Minister Alexander Novak poured cold water over Saudi Arabia’s hopes, as reported by the Wall Street Journal, to lure Moscow and the group of 10 non-OPEC oil producers it leads into a formal pact with the Organization of the Petroleum Exporting Countries to better manage oil prices.
  • Oil markets were cautious early on Friday, held back by concerns over a global economic slowdown but supported by supply cuts led by producer club OPEC and U.S. sanctions against Venezuela. U.S. West Texas Intermediate (WTI) crude futures were at $52.61 per barrel at 0046 GMT, down 3 cents from their last settlement. WTI dropped by around 2.5 percent the previous session.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • The Federal Reserve is likely to miss its 2 percent inflation target for an eighth straight year in 2019, a further sign the U.S. central bank’s recent round of rate increases should end, James Bullard, president of the St. Louis Federal Reserve Bank, said on Thursday. Bullard said the pricing of inflation-protected securities showed that investors late last year began lowering their expectations about inflation, and now see the Fed missing its 2 percent target not just this year but for years to come.
  • Japan’s household spending rose slightly in December from a year earlier to mark the first increase in four months, government data showed on Friday, suggesting a pick up in consumption may moderate pressure from slowing global demand. The data offers some relief to Bank of Japan policymakers worried that heightening overseas economic uncertainties may discourage firms from raising wages and hurt consumption.
  • The U.S. Senate Banking Committee on Thursday said Federal Reserve Chairman Jerome Powell will testify on the state of the economy on Tuesday, Feb. 26, presenting the semiannual monetary policy report to Congress.

COMEX GOLD SIGNAL

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8Feb

Singapore Stock Watch: Singapore shares open low on Friday Morning, STI down 0.51% to 3,184.22

Singapore Stock Watch:SINGAPORE stocks opened lower on the last exchanging day of the Chinese New Year week, with the Straits Times Index withdrawing 16.42 focuses, or 0.51 percent to 3,184.22 as at 9.05am.

Failures dwarfed gainers 80 to 45, after about 69.1 million offers worth S$125.9 million changed hands.

The most effectively exchanged counter was beverage and sustenance maker Thai Beverage, which exchanged down 0.5 Singapore penny, or 0.68 percent, at S$0.73, with about 6.6 million offers exchanged.

Other dynamic counters included Keppel Reit, which rose 0.84 percent, or one Singapore penny to S$1.20, and Ezion Holdings which declined 2.13 percent, or 0.1 Singapore penny to S$0.046

Stocks to watch: TSH Corp, SingPost, Best World, Global Palm Resources

TSH Corporation: TSH Corporation on Friday said it has finished the securing of Sloshed! Pte Ltd, an organization in the matter of working bars and bars and import, fare and appropriation of spirits, wines and mixers, for about S$18.8 million of every a turn around takeover (RTO) bargain. The previous purchaser gadgets and country security gadgets firm had turned into a money organization in August 2016 under Catalist rules. On Friday, it likewise declared the arrangement of Chua Khoon Hui as the CEO and official executive of the organization with impact from Feb 7, 2019. Mr Chua is one of the three merchants in the deal. He established Sloshed! also, its auxiliaries in November 2005 when he began The Whisky Store. Independently, the gathering likewise selected Ng Kim Chew as the gathering CFO with impact from Feb 7, 2019. The counter shut level at S$0.38 on Thursday, in the wake of altering for the offer combination.

Singapore Post (SingPost): The Infocomm Media Development Authority has fined SingPost S$100,000 for not meeting nature of administration (QoS) principles on conveyance of nearby essential letters and enlisted mail in 2017. Under the Postal QoS structure, SingPost is required to convey 99 percent of neighborhood fundamental letters to a location inside the Central Business District (CBD), and 98 percent of nearby essential letters to goals outside the CBD regions by the following working day. SingPost shares shut at S$0.955 each on Thursday, up 0.5 percent, or 0.5 Singapore penny.

Best World International: Best World offers picked up 6 percent inside the primary hour of Thursday’s exchanging session, inciting the Singapore Exchange (SGX) to issue an inquiry refering to the unordinary value development. Be that as it may, shares in the skincare producer and merchant kept on making gains, in the end quitting for the day Singapore pennies or 8.6 percent to hit a 52-week high of S$3.04. In its reaction to the SGX after the market shut, Best World said that it didn’t know about any data not recently declared that may clarify the abnormal value development. In any case, it included that it recently saw an upward value development in the association’s offers following the declaration of the normal date of arrival of its money related outcomes for the nine months finished Sept 30, 2018. The organization said on Jan 31 that it hopes to report its income for monetary 2018 after the market closes on Feb 26.

Worldwide Palm Resources Holdings: The gathering on Thursday hailed that it is relied upon to report a total deficit for FY2018, following a starter audit of its unaudited fiscal summaries for the money related year finished Dec 31, 2018. This is fundamentally because of a diminishing in deals volume and the normal moving costs of unrefined palm oil and palm piece, the organization said. The gathering is still during the time spent finishing its unaudited monetary outcomes for FY2018, and further subtleties is relied upon to be discharged at the very latest March 1. The counter keep going exchanged at S$0.19 on Jan 25.

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