By Steve St. AngeloAs investors continue to believe the stock market correction is over, the next big stop for the Dow Jones Index is 19,000. When the Dow falls below 19,000, all doubt will be removed as the best investment strategy would be to sell the rallies, rather than buy the dip. However, most investors buy at the top and sell at the bottom. So, it looks like investor carnage will c...Read More

FB put volume hit a record high on TuesdayThe Facebook Inc (NASDAQ:FB) saga continues this morning, as an investor lawsuit and privacy petition surfaced amid the fury of the Cambridge Analytica fallout. FB stock is already pacing for its worst week since March 2014, gapping lower again yesterday on fears of a Federal Trade Communications (FTC) investigation and probes in the U.K. Facebook stock is...Read More

NEW YORK (Reuters) - The effects of the expected Federal Reserve interest rate hike on Wednesday will extend beyond corporate America to household budgets.Most people will see at least a minor impact on their credit card statements in the next few billing cycles, while those with adjustable-rate mortgages, home equity lines of credit, auto loans and other loans with variable rates of interest will...Read More

Are you feeling lucky? We all should. Whether you're short or long gold (or you're waiting on the sidelines), the additional day of signals is truly a blessing. That is if you know what to look at. The previous days and weeks provided us with multiple signs and yesterday's price action served as the - likely final - sign before the big price move. Were you listening? Let's start today's analysi...Read More

Iron ore prices moved slightly above $67 per tonne cfr China on Wednesday March 21, tracking increases in the paper markets.Metal Bulletin's 62% Fe Iron Ore IndexToday: $67.25 per tonne cfr Qingdao Daily change: up by $0.31 per tonne Month-to-date average: $72.33 per tonne Metal Bulletin's 58% Fe Premium Index Today: $55.56 per tonne cfr Qingdao Daily change: up by...Read More

Morgan Stanley sees BLUE shares rallying back to $209bluebird bio Inc (NASDAQ:BLUE) has been a major outperformer over the past year, but the stock has struggled since its March 13 record high of $236.17. In fact, BLUE shares have suffered six straight losses, including a 6.9% pullback last Friday. While this represents the equity's longest losing streak in at least a year, Morgan Stanley is keepi...Read More

Key Metric LIBOR OIS Signals Major Credit Concerns - Widening of the spread between LIBOR OIS (overnight index swap) rate raises concerns- Spread jumped to 9 year widest spread, rising to 54.6bps, most since May 2009.- Libor recently moved to over 2% for first time since 2008- Wider spread usually associated with heightened credit concernsEditor: Mark O'ByrneMajor credit concerns are back as one...Read More

WASHINGTON (Reuters) - U.S. home sales surged in February, boosted by hefty gains in the South and West regions, but a chronic shortage of houses on the market remains an obstacle heading into the spring selling season.The National Association of Realtors said on Wednesday that existing home sales jumped 3.0 percent to a seasonally adjusted annual rate of 5.54 million units last month. That ended...Read More

Seaborne iron ore concentrate market softened last week, albeit at a slow rate of decline than prices for fines.The weekly Metal Bulletin 66% Fe Iron Ore Concentrate Index was $94.64 per tonne cfr China last Friday March 16, down $2.93 per tonne - or 3% - compared with a week earlier. The daily Metal Bulletin 65% Fe Iron Ore Index averaged $87.12 per tonne cfr China last week, down $3.70 per tonne...Read More

Traders will tune in to Powell's afternoon press conference for more clues on the bank's monetary outlookU.S. stocks are signaling a negative open ahead of today's Fed decision, with futures on the Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq-100 (NDX) last seen trading slightly below fair value. Wall Street is fully expecting a rate hike this afternoon, and traders will kee...Read More

For now at least, Barrick Gold Corp. seems to have escaped a tax crackdown in Zambia that has embroiled fellow Canadian miner First Quantum Minerals Ltd.That should be welcome news for a company whose news flow has been punctuated with controversy from Tanzania to Argentina and Chile.On Tuesday, First Quantum revealed that the Zambian tax agency reassessed its equipment imports over six years, dem...Read More

Take a look at the best and worst performing stocks during Easter week from the past 10 yearsNext week is a four-day trading week, as markets are closed for Good Friday. In general, the week before Easter has been kind to investors. The S&P 500 Index (SPX) averages a higher return -- with a higher percent positive -- in the week before Easter, in comparison to other weeks. The two tables below sho...Read More

China's domestic rebar prices were unchanged on Wednesday March 21 despite a further weakening of the futures and billet markets, with sellers of the long steel product refusing to lower their offers further amid losses.Domestic Eastern China (Shanghai): 3,670-3,730 yuan ($580-590) per tonne, unchanged Northern China (Beijing): 3,850-3,880 yuan per tonne, unchanged Stockists refused to lower their...Read More

A mixture of cyanide and copper, when irradiated with UV light, could have produced simple sugars that formed the building blocks of life on early Earth. This is according to Harvard graduate student Zoe Todd and Dimitar Sasselov, the Phillips Professor of Astronomy and director of the Harvard Origins of Life Initiative.In a paper published this week in the journal Chemical Communications, the res...Read More

Caledonia Mining Corp. Plc. (NYSE American, AIM: CMCL; TSX: CAL), whose primary asset is 49%ownership in the Blanket Mine in Zimbabwe, reports an increased profit in 2017on record gold output. For the fourth quarter, output rose to 16,425 ouncesfrom 13,591 in the same period of 2016. Steve Curtis, chief executive officer,says that “production for the year was a new record, [with] the 56,133...Read More

* Dollar weakens broadly after Fed forecast 2 more hikes in 2018* Fed upbeat on economy; notch up 2019, 2020 forecast* Oil at 6-week high on U.S. inventory, Iran nuke deal worriesBy Hideyuki SanoTOKYO, March 22 (Reuters) - The U.S. dollar was on the defensive on Thursday after posting its largest loss in two months when the Federal Reserve turned out to be less hawkish than anticipated.Worries abo...Read More

The company has started a 30,000-tonne bulk sampling programme that will run until the end of the year.Read More

Chile's new government is looking for candidates to lead state-owned Codelco, the world's largest copper producer.While Nelson Pizarro could well stay on as chief executive officer even after Chilean President Sebastian Pinera's administration appoints a new chairman in May, the government is putting together a shortlist of candidates, Mining Minister Baldo Prokurica said in an interview Tuesday."...Read More

* MSCI all-country index weaker before 1800 GMT Fed announcement* Fed likely to raise rates; markets see four more hikes in 2018* Tech sector woes weigh on sentiment on Facebook troubles* Trade war fears escalate after WSJ China report (Updates prices)By Sujata RaoLONDON, March 21 (Reuters) - World shares fell on Wednesday and the dollar eased off three-week highs as markets awaited a likely incre...Read More

Shares in Canada's First Quantum Minerals (TSX:FM) rebounded slightly on Wednesday, dodging what was about to become their worst two-day drop in almost two years after its chief executive said he was ready to dispute a $7.9 billion bill for alleged unpaid import duties in Zambia.Talking to investors and media during a call conference, Philip Pascall said his company refuted the charge and would wo...Read More