The Snapchat parent is scheduled to report earnings Tuesday nightSocial media giant and Snapchat parent Snap Inc (NYSE:SNAP) is slated to report its first-quarter earnings after the close tomorrow. Ahead of this event, SNAP made Schaeffer's Senior Quantitative Analyst Rocky White's list of 20 stocks that saw the heaviest weekly options volume during the past 10 trading days, which can be seen be...Read More

By Gary TanashianWith gold testing its 200 day moving average this morning I thought I'd reproduce the first part of the precious metals segment from week's Notes From the Rabbit Hole (NFTRH 497), including a daily chart of gold at the end showing the anticipated SMA 200 test.[edit] Steve Saville updates gold's 'true fundamentals' here. Notice at the end what is not considered fundamentally mate...Read More

Continue...Bob brought 321gold.com to the Internet almost 14 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. Previously, Moriarty was a Marine F-4B and O-1 pilot with more than 820 missions in Vietnam. He holds 1...Read More

By Jordan Roy-Byrne CMT, MFTA It was music to gold bug ears. We've all heard the seemingly shocking or outrageous price targets for Gold. So it's not new. But this time from a non gold pusher. Someone with credibility in the larger financial world and a track record to boot. Gundlach's comment was included in every piece of Gold literature that recently crossed my desk. No doubt, if Gold s...Read More

LatestPrice – $16.47Pattern – price looks to have been in a corrective patternever since the impulsive move up off the December 2015 low culminating in the July2016 high. I expect this corrective phase is in its very final stages. WeeklyChartBollingerBands – price has been toing and froing between the upper and lower bands whichis typical of corrective action. Price is now back a...Read More

SHANGHAI, Apr 30 (SMM) – Silicon prices remained stable but still hovered at low levels for the week ended Friday April 27.The price of non-oxygen #553 silicon at Huangpu Port stood at 12,500 yuan/mt during the week. This compared with 12,850 yuan/mt during the same period last month. Some plants raised offers for low-grade silicon due to relatively stronger demand, and a few order...Read More

BERLIN (Reuters) - Germany on Monday dampened hopes that an exemption from U.S. tariffs on steel and aluminum could be extended for European Union countries, but called for trade negotiations to continue regardless of whether the levies are applied.The United States imposed import tariffs of 25 percent on steel and 10 percent on aluminum in March, but it provided a temporary exemption until May 1...Read More

Turkey's biggest steel producer, Erdemir Group, sold 1.937 million tonnes of flat steel products in January-March 2018, up by 9.19% from the 1.774 million tonnes sold in the corresponding period of 2017, the group said last week.The group reported earnings before interest, taxes, depreciation and amortization (Ebitda) for January-March 2018 of TRY1.67 billion ($411.91 million*). This was up by 25....Read More

Economists have been struggling to explain how unemployment can fall to 4% without wages starting to accelerate. The following chart shows paychecks rising atContinue...Read More

A look at the best stocks and ETFs to own in May, historicallyThe shares of Regeneron Pharmaceuticals Inc (NASDAQ:REGN) are lower today -- earlier touching a three-year low of $298.19 -- extending last week's slide sparked by partner Sanofi's (SNY) disappointing quarterly drug sales. Fellow pharma stock McKesson Corporation (NYSE:MCK), meanwhile, is modestly lower today, but fresh off a five-day w...Read More

By Keith WeinerA reader asked us this week about the personal savings rate. Most people can sense that something is wrong if the rate is in a long-term falling trend, or if it falls too low (whatever level that may be). We argue that falling savings is part of the larger process of capital destruction. And unfortunately, one should expect falling savings rates when there is falling yield purchas...Read More

The options market is pricing in stronger-than-usual post-earnings movesMcDonald's (MCD) kicked off a busy week of big-cap earnings bright and early this morning, with the shares last seen trading up 5.2%. Dow stocks Merck & Co., Inc. (NYSE:MRK) and Pfizer Inc. (NYSE:PFE) could also be poised for potentially volatile trading, with both pharmaceutical firms scheduled to report first-quarter earning...Read More

CIS exporters of rebar and wire rod increased their offers in the week ending Monday April 30, on improving demand and low stocks in the global market, and in China in particular."At the moment we see an increase in demand in the major sales outlets. Stocks of material are minimal and there is already a [shortage] in the markets," a producing source told Metal Bulletin. Metal Bulletin's weekly pri...Read More

(Kitco News) - June gold futuresprices Monday morning dipped below thetechnically important 200-day moving average for the first time sincelate-December, but then popped right back above it. This is one encouragingsign the recent selling pressure in the gold market could be ending. However,it will be important for June gold prices to hold above the 200-day movingaverage today. If such is the case,...Read More

Economists have been struggling to explain how unemployment can fall to 4% without wages starting to accelerate. The following chart shows paychecks rising at about the rate of inflation over the past five years, which means the average worker's earnings don't buy much more now than in 2013. The reasons for this glacially slow recovery include demographics, debt, foreign competition and automati...Read More

By Avi GilburtAs the market continues to whipsaw market participants, it has certainly left many of you scratching your head.As each day goes by, it offers me another opportunity to chuckle when I see so many attempts by pundits to try to explain what latest news events cause each whipsaw. And when they try to fit their square pegs into round holes, or, when they don't have any pegs at all when...Read More

Apple shares are gaining a day before earningsThe Dow Jones Industrial Average (DJI) is trading higher this afternoon, as Wall Street reacts to a raft of M&A and earnings news. McDonald's (MCD) is still the best performing blue chip today, though Apple (AAPL) stock is also rallying ahead of the iPhone maker's earnings release tomorrow. This morning's inflation data is being heavily scrutinized, as...Read More

Earnings at Peruvian steelmaker Aceros Arequipa more than doubled in the first quarter of 2018 compared with the corresponding period of last year on higher sales prices.The mill reported earnings before interest, taxes, depreciation and amortization (Ebitda) of 97 million nuevos soles ($29.97 million), against 39 million nuevos soles the previous...Read More

Keith says many have been calling for a price breakout, but not understanding these fundamentals explains why the breakout hasn't happened yet...by Keith Weiner of Monetary MetalsA reader asked us this week about the personal savings rate. Most people can sense that something is wrong if the rate is in a long-term falling trend, or if it falls too low (whatever level that may be). We argue that fa...Read More

LONDON (Reuters) - OPEC oil output fell in April to a one-year low due to declining production in Venezuela and lower shipments from African producers, a Reuters survey found, sending compliance with a supply-cutting deal to another record.The Organization of the Petroleum Exporting Countries pumped 32.12 million barrels per day this month, the survey found, down 70,000 bpd from March. The April t...Read More