"The data points to tightening physical supply. Silver prices are going higher because the market is getting Continue...Read More

The deep-sea scrap import market in Turkey was quiet and prices stable on Monday May 18, with the country's major cities under lockdown due to the Covid-19 pandemic until Tuesday night, May 19, sources said.Overall demand for deep-sea scrap is slow because of both the pandemic and the Islamic holy month of Ramadan, when steel trade traditionally slows in Muslim countries. "Turkish steel mills are...Read More

Prices in the export markets for CIS steel slab moved in differing directions in the week to Monday May 18, with a widening gap between workable prices in the traditional outlets such as Italy and Turkey and those possible in China, which has become an active slab importer recently.Fastmarkets' weekly price assessment for steel slab, export, fob Black Sea, CIS, was $330-350 per tonne on May 18, wi...Read More

In this conversation, Bob Moriarty of 321gold and Maurice Jackson of Proven and Probable discuss the coronavirus, the stock market, what lies ahead for gold and silver, and junior mining companies with potential. Maurice Jackson: Joining us for a conversation is Bob Moriarty, the world-renowned, bestselling author and founder of the websites 321gold and 321energy.com. Bob Moriarty: Hi, Maurice. It...Read More

Money manager Adrian Day looks at three large gold royalty companies that have reported Q1 earnings. Franco-Nevada Corp. (FNV:TSX; FNV:NYSE, US$143.88) reported first-quarter earnings slightly better than expected, with Gold Equivalent Ounces (GEOs) up over 10% compared with a year ago. It has withdrawn its full year guidance due to the covid-related shutdown of some of its mines; about 30% of it...Read More

Bob Moriarty of 321gold discusses why he believes the spin-off company will be bought out. Gold and silver have had a good run lately but the DSI (Daily Sentiment Index) is suggesting a pause may be in the works. Gold hit a reading of 91 on Friday May 15th while silver showed 88. While I am convinced the actions of the Fed in unleashing a flood of dollars will result in hyperinflation in the metal...Read More

Sector expert Michael Ballanger anticipates the come-from-behind winning run of silver.In the late 1930s, a young stallion was born in Lexington, Ky., at the legendary Calumet Farm, that went on to win seventeen major races from 1940-1942, including the Triple Crown (Kentucky Derby, Preakness and Belmont Stakes) in 1941. Named after his brood-mare mother, Dustwhirl, this record-breaking stallion w...Read More

China's steel rebar prices increased in both the domestic and export markets on Monday May 18 due to rising production costs, Fastmarkets was told.Domestic Eastern China (Shanghai): 3,530-3,560 yuan ($496-500) per tonne, up by 70 yuan per tonneRaw materials' prices moved up in the past two weeks, pushing up rebar mills' production costs and supporting rebar prices in the spot market, sources said....Read More

Import prices for steel slab in Southeast Asia and East Asia surged over the past week on strong demand from Chinese importers, sources told Fastmarkets. Producers were mainly focused on selling their export allocations to Chinese import traders, who were willing to buy in larger quantities and at higher prices than other Asian customers, market participants said.Fastmarkets' price assessment for...Read More

The Indian silico-manganese export price range fell 6% last week after export sales have been declining since the start of May when suppliers pushed prices higher, in line with stronger manganese ore prices and after manganese alloys production was slashed in India, Fastmarkets heard. In Europe, high-carbon ferro-manganese and silico-manganese market prices also eased amid quiet spot activity and...Read More

Ferro-silicon prices fell by almost 9% in Europe over the past week, with suppliers cutting their offer prices and doing deals well below the previous market range, sources said.Steelmakers were already rolling over quarterly settlements into the third quarter from the current quarter, suggesting quieter demand and further downward pressure on spot prices in the coming months, trade sources said.F...Read More

The Dow and the S&P both enjoyed their biggest one-day jumps since April 6Stocks hurtled higher today, thanks to a combination of this morning's positive early stage test results for Moderna's (MRNA) potential COVID-19 vaccination, coupled with Fed Chair Jerome Powell's apparent willingness to further help the U.S. economy. The Dow notched a roughly 911 point win, surgingat the close for its best...Read More

Square stock is trading lower middayThe 20 stocks listed in the table below have attracted the highest weekly options volume during the past 10 trading days, with data courtesy of Schaeffer's Senior Quantitative Analyst Rocky White. Stocks highlighted in yellow are new to the list. Standing out this week is mobile payment platform, Square Inc (NYSE:SQ). Below, we'll take a closer look at the opti...Read More

Call options are incredibly popular todayThe shares of Walt Disney Co (NYSE:DIS) are up 6.3% to trade at $116.15 today, after the company announced a small part of its U.S. theme park landscape will reopen on Wednesday with sanitary policies and social distancing rules in place. Disney Springs, a shopping and entertainment complex that is part of the Walt Disney World theme park, will open a sma...Read More

Urban Outfitters is set to post earnings after the close tomorrowToday's broad-market burst hasn't been lost on clothing retailer Urban Outfitters, Inc. (NASDAQ:URBN). The stock broke north of its 60-day moving average today for the first time since February, and is now up 11.7% to trade at $18.59 in a solid attempt to break free of the sideways trading many in the retail sector have been sufferin...Read More

The Dow is up around 860 points middayThe Dow Jones Industrial Average (DJI) is soaring in afternoon trading, coaxed upwards by Moderna's (MRNA) positive COVID-19 vaccine trial data. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also in the black, as investors happily digest comments by Federal Reserve Chairman Jerome Powell on "60 Minutes." Plans to ease lockdowns further within the U....Read More

The news is giving the broader market a massive boost, tooThe shares of Moderna Inc (NASDAQ:MRNA) are trading at new record highs, up 28.2% at $85.52, after its COVID-19 vaccine, mRNA-1273, produced antibodies in all 45 participants during its early-stage human trial. The news has injected Wall Street with an extreme amount of optimism, as the company looks to move on to late-stage trials. Moder...Read More

Most of the analyst community is bullish on the movie theater stockThe shares of Cinemark Holdings, Inc (NYSE:CNK) are up 5.2% at $12.65 at last check, shaking off a downgrade from B. Riley to "neutral" from "buy," with an added price-target cut to $13 from $16. The analyst in coverage is skeptical about a rebound for the second half of 2020, and is also concerned by CNK's exposure to Brazil, wher...Read More

Telsey Advisory Group lifted its rating on Best Buy to "outperform" from "market perform" Tech retailer Best Buy Co Inc (NYSE:BBY) is up 7.8% to trade at $84.63 this morning, after Telsey Advisory Group lifted its rating on the security to "outperform" from "market perform." The analyst said the big box name will come out on top after the coronavirus pandemic, citing strong cash flow generation an...Read More

Moderna's COVID-19 vaccine reported positive phase one trialsDow Jones Industrial Average (DJI) futures are up over 650 points at last check, surging after news that Moderna Inc (MRNA) reported positive phase one trial results for its potential COVID-19 vaccine. Futures on the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also set to open confidently above fair value, after Federal Res...Read More