By: Avi GilburtWhile reading of the title of this article may cause you to make certain assumptions about what you are about to read, I can assure you that this is not a politically motivated article. In fact, politics has absolutely nothing to do with the analysis and conclusions presented herein.I want to start with the assumption that we have spoken about so often, and that it is social moo...Read More

…the financial systemexperienced some serious liquidity shortages in August 2007, and the Fedinjected funds to help keep financial markets operating effectively so thatthey would continue to support ongoing economic activityFederalReserve Bank of San Francisco, August 2007In August 2007, a credit crunchswept global markets forcing central banks to provide billions in emergencyliquidity to e...Read More

Prices in the CIS export slab market picked up in the week to Monday November 11, supported by increased demand in Turkey and China as well as a stronger finished flat steel sector both domestically and in some of customers' markets.Fastmarkets' weekly price assessment for steel slab, export, fob Black Sea, CIS, was $340-360 per tonne on November 11, up by $5-15 per tonne.Early last week, several...Read More

BIDU has had a tough year on the chartsMere days off its recent post-earnings pop, Chinese tech name Baidu Inc (NASDAQ:BIDU) has received yet another bull note, this time out of Oppenheimer. The analyst upgraded the stock to "outperform" from "perform," with a price target of $145. Regardless, BIDU is down 1.5% this morning at $122.74, as the broader equities market sells off on U.S.-China trade...Read More

The analyst downgraded the stock to "equal-weight" but upped its price target A bear note from Morgan Stanley has sent the shares of Qualcomm, Inc. (NASDAQ:QCOM) down 3% to trade at $91.15 this morning. Specifically, the analyst dropped its rating to "equal-weight" from "overweight," but raised its price target to by $1 to $90. The brokerage firm said that while a deal between the U.S. and China -...Read More

Australia’s Mineral Resources (ASX:MIN) said last week it is pausing operations at its Wodgina lithium project, a joint venture with US-based Albemarle, due to “challenging lithium market conditions.” “Given the current challenging market conditions for lithium, the MARBL Lithium Joint Venture believes there is more value to be delivered in the long term by placin...Read More

The downtrend in the market for hot-rolled and cold-rolled steel sheet in Russia's Central Federal District around Moscow has continued, under pressure from low end-user demand, sources told Fastmarkets on Monday November 11.Fastmarkets' weekly price assessment for steel hot-rolled sheet, domestic, cpt Moscow, Russia, was 39,500-41,000 roubles ($619-642) per tonne on November 11, including 20% VAT...Read More

However, the VIX's 20-day call/put ratio suggests any potential slide in stocks could be limited"Nervous investors have socked $3.4 trillion away in cash. But stocks are rising and their nerves are calming, leading bulls to view the huge cash pile as a sign that markets have room to go higher.Assets in money-market funds have grown by $1 trillion over the past three years to their highest level in...Read More

Continued uncertainty over the lingering Beijing-Washington trade standoff are pressuring stocks this morningStock futures are set to retreat from last week's record wins, as growing concerns over U.S.-China trade plague Wall Street. This souring sentiment comes afterPresident Donald Trump on Friday tempered expectations for a mutual tariff rollback. An upsurge of violence in Hong Kong protests ov...Read More

Make no mistake: Oil and gas companies may be doing some serious cost-cutting and slimming-and-trimming to stay competitive after the shale boom binge, but when it comes to employment, it’s still one of the best industries to hit up for a job.Jobs are booming, just as much as U.S. oil and gas production is.US oil production has increased from 11.7 million bpd at the start of 2019 to 12.6 mil...Read More

The three-month nickel price on the London Metal Exchange continued to fall over the course of Monday November 11 to end the day's trading down by just under 4% against high turnover, while the rest of the complex similarly closed lower. The nickel futures price closed at $15,565 per tonne on Monday afternoon, its lowest 5pm closing price since August 7. Turnover in nickel was high over the day wi...Read More

David Becker5 hours ago (Nov 11, 2019 8:10 PM GMT)Gold prices edged lower on Monday, and showed little energy to bounce following a sharp drop on Friday. US yields also remain elevated following a surge on Friday and the dollar consolidated its recent gains. The strong showing in US yields put downward pressure on the greenback, and weaker than expected data in the UK did little to help ease deman...Read More

A line chart can give you a different perspective vs a bar chart which is why I like to use them both to help uncover a potential pattern. Line charts can often times give you a quicker heads when a stock is breaking out.Below is a weekly line chart for GLD which shows you why I’m so concerned about the PM complex right now. As you can see this weekly line chart shows a triple top with the b...Read More

Something has changed in the gold industry. During high gold-price periods the trend was to produce as much as possible - in many cases, irrespective of higher extraction costs per ounce. In a way you can’t blame them for making hay while the sun shone. The gold price rose for 12 consecutive years, hitting an all-time high of $1,907 an ounce in that heady summer of 2011. Why wouldn’t i...Read More

Here are five Fastmarkets MB stories you might have missed on Monday November 11 that are worth another look.Chinese steelmaker Hebei Jingye Group has agreed to acquire British Steel, including its Scunthorpe steelworks and other assets, the UK government's Official Receiver and the company's administrator, EY, said on November 11.Chilean copper production grew by 1.2% year on year in September, a...Read More

Gold has been the most popular form of investment and one of themost reliable assets recognized for its multiple use and rare value. Followingthe recent introduction of other investment substitutes, a number of people aremade to believe that gold is less superior than the others. This article willhighlight five reasons why gold has not lost its value, but still thrives as aninvestible A perfect A...Read More

By: Avi GilburtWhile reading of the title of this article may cause you to make certain assumptions about what you are about to read, I can assure you that this is not a politically motivated article. In fact, politics has absolutely nothing to do with the analysis and conclusions presented herein.I want to start with the assumption that we have spoken about so often, and that it is social moo...Read More

Mike Gleason: It is my privilege now to welcome in David Jensenof Jensen Strategic and a highly studied mining analyst and precious metalsexpert with close to two decades of experience in the mining industry. And it'sgreat to have him back on with us.David, thanks so much for thetime again today, and it's nice to talk to you again. Welcome.David Jensen: Thank you, Mike. It's good to be back with y...Read More

Oftentimes, you need to have patience when it comes to the metals.You see, while they move very quickly when they do move, the rest of the time they simply consolidate until they are ready for their next big move.We have been waiting to see if the market is going to provide us that deeper pullback we wanted to see, and today seems to have triggered that potential.But, not all charts are showing th...Read More

Let'stake a closer look at the chart below (chart courtesy of www.stooq.com ) and assess the likelycrude oil price path ahead. Wewrote these words yesterday, and they ring true also today:(…)The short-term situation hasn’t changed much. Crude oil futures keep tradinginside the blue consolidation and around the red support/resistance line andthe 50% Fibonacci retracement.They’re...Read More