Chris says we must learn to play the price moves to our advantage. Here's how Chris is doing just that...by Chris Vermeulen of The Technical TradersOur recent silver analysis could not have been more accurate. Please take a minute to read it before you continue reading the rest of this post if you have not already done so. The Silver price breakout, to near $17.20, last week was incredible....Read More
(Kitco News) - TheEuropean Central Bank’s Governing Council Thursday left interest ratesunchanged.Therates on the main refinancing operations and the interest rates on the marginallending facility and the deposit facility will remain at 0.00%, 0.25% and minus0.40%, respectively.“TheGoverning Council expects the key ECB interest rates to remain at their presentlevels for an extended per...Read More
Why the stage looks set for GE to barrel through overhead resistanceNotorious Dow underdog General Electric (NYSE:GE) shocked Wall Street with a profit beat last Friday, alongside a 2018 forecast that assuaged some of the worst-case concerns harbored by investors and analysts alike. Friday's big bull gap included, GE closed last week up 7.8%, while the broader Dow Jones Industrial Average (DJI) wa...Read More
- Investors should not be put off by higher interest rates, World Gold Council research finds they do not always have a negative impact on gold- Only short-term movements in gold are 'heavily influenced by US interest rates'- Correlation between US interest rates and gold is waning, with US dollar a better indicator of short-term gold price- New findings will reassure gold investors that there...Read More
The Mexican government is analyzing whether to renew a 15% tariff against imports of various steel products from countries with which Mexico does not have free trade agreements, according to Latin American steel group Ternium."Mexico is on the path to renew the safeguard against steel imports," the company's chief executive officer, Maximo Vedoya, said on Thursday April 26.The measure, which acts...Read More
"The actual information that the Americans have about us is much less than what they think they have. When will they figure this out? When it is too late,"Continue...Read More
LVS shares are trying to break out of a series of lower highsCasino stock Las Vegas Sands Corp. (NYSE:LVS) is trading up 1.1% at $73.15 this morning, after the company announced better-than-expected first-quarter results after the close on Wednesday. If the gains hold, it would snap a two-quarter post-earnings losing streak for LVS. The resulting analyst attention has been nothing but positive, t...Read More
Know These Stats for Thursday's Trading Session Industrial stocks have had a rough week after Caterpillar's (CAT) comments on demand provoked the bears. It's not shocking investors would react negatively given their high expectations for the industrials patch. Points out Yardeni Research, "Revenue and earnings growth rates for the [industrials] sector are expected to be robust. Analysts' consens...Read More
The price of steel billet imports into Egypt fell again this week while local rebar prices remained unchanged, sources told Metal Bulletin on Thursday April 26.The country's biggest producer, Ezz Steel, is still offering rebar at E ?12,528 ($706) per tonne ex-works, including 14% VAT, while Beshay Steel, also a...Read More
Goldcorp-backed Auryn Resources Inc. (TSE:AUG) announced today that it is close to becoming a big player in the Andahuaylas-Yauri belt in southern Peru.The reason behind such assertion is the company's recent addition of 60,000 hectares to its Sombrero project, which means that now its land position is greater than 100,000 hectares. The decision to stack was taken after the company received the re...Read More
Those fleeing Syria are uniting with local terrorist groups in an attempt to flee to Europe, he said.Continue...Read More
The tech stock is pacing toward its longest daily losing streak in two yearsShares of Qualcomm, Inc. (NASDAQ:QCOM) started the session higher, but have since dropped 1% to trade at $49.21, and earlier hit a two-year low of $48.56. The stock is reacting to Qualcomm's earnings report, which showed fiscal second-quarter profit and revenue that were stronger than forecast -- easing concerns of a slow...Read More
(Reuters) - Wall Street was set for a positive start on Thursday, driven by strong earnings from Facebook and a handful of chipmakers, coupled with a slight retreat in bond yields.The tech-laden Nasdaq Composite index .IXIC was set to open more than 80 points higher and break its five-day losing streak, its longest since November 2016.Facebook jumped 7.5 percent in premarket trading after the so...Read More
Turkish domestic long steel prices have gone down this week due to poor demand and falling prices for scrap and billet, sources said on Thursday April 26.Metal Bulletin's weekly price assessment for domestic rebar in Turkey was $555-570 per tonne ex-works, down from the $570-590 per tonne of last week.The local rebar price in...Read More
Company founder and former CEO Giulio Bonifacio left the executive job in February but has stayed on as a director.Nevada Copper said it hired Gili for his project experience in the US state, as Barrick's general manager for the Cortez district.Chairman Stephen Gill said the CEO pick was important as the team moved towards construction of the Pumpkin Hollow underground mine."[Gili] brings an excep...Read More
SHANGHAI, Apr 27 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index continued to rise overnight, bolstered by strong economic data from the US as well as the 10-year treasury yield breaching the 3% threshold for the first time in four years earlier in the week.LME aluminium jumped 1.6% following news that Oleg Deripaska...Read More
Chilean Finance Minister Felipe Larra?-n and his Mining counterpart Baldo Prokurica said today that the government that came to power in March will ensure state copper giant Codelco receives capital incentives so that it can continue to grow.Following Codelco's annual shareholder meeting, Larra?-n and Prokurica said the new capitalization process and the amount that will be provided have to be def...Read More
(Bloomberg) -- One of the few hedge funds to survive the downswing in the commodity supercycle has a lesson for traders trying to navigate whipsawing aluminum prices: go short at your peril.While supply fears faded this week after the U.S. eased sanctions against United Co Rusal, traders should be alert to the risk that further disruptions will leave buyers short at a time when usage is booming, a...Read More
An announcement is expected as early as next month, people familiar with the matter said, as President Xi delivers on a promise to open the country's Continue...Read More
The stock topped out at an all-time peak out of the gateCitrix Systems, Inc. (NASDAQ:CTXS) last night reported first-quarter adjusted earnings of $1.29 per share on $697 million in revenue -- more than analysts were expecting. The software firm cited growing revenue from its subscription-based model for the strong results, and in reaction, CTXS stock has jumped 4.1% out of the gate to trade at $10...Read More