Snap stock fell to a record low last ThursdaySnap Inc (NYSE:SNAP) stock is rallying this morning, up 4.6% to trade at $11.23. The boost comes after the company tapped former Amazon (AMZN) executive Tim Stone to replace Andrew Vollero as chief financial officer (CFO). Stone was a key member in coordinating the merger between Amazon and Whole Foods last year, the shift follows last week's dismal e...Read More
I recently emailed you about how this latest real estate bubble looks just like the last one. It's surged about the same, this time peaking a little higher, and has run for about as long.Continue...Read More
By Jordan Roy-Byrne CMT, MFTA Ask some gold bugs why Gold has not broken out yet and you will probably get the usual answers. Some will say it's due to manipulation or price suppression. Others will mention the current rally in the US Dollar (while neglecting that the previous decline in the greenback was unable to take Gold to a new high). Few would say the fundamentals are not in place. No on...Read More
Alasdair MacLeod tells Silver Doctors as gold moves higher, silver, being the poor man's gold, will move like "Greased Lightning." Here's why...Alasdair MacLeod, Head of Research of GoldMoney, Interviewed by Silver DoctorsMacLeod says hedge funds have shorted silver, leading to silver being extremely oversold.It is only a matter of time until gold will break out above the $1360 resistance level.A...Read More
China's domestic hot-rolled coil prices ran flat on Tuesday May 8 and demand remained stable as the futures market traded in a tight range throughout the day. DomesticEastern China (Shanghai): 4,200-4,220 yuan ($660-663) per tonne, unchangedNorthern China (Tianjin): 4,050-4,070 yuan per tonne, unchangedHRC futures moved in a narrow range between 3,726 yuan per tonne and 3,764 yuan per tonne today,...Read More
Both names are on the short-sale restricted list todayAralez Pharmaceuticals Inc (NASDAQ:ARLZ) this morning reported a wider-than-expected first-quarter loss, withdrew its guidance, and said it was suspending all U.S. operations to shift sole focus to its Canadian business. The maker of Toprol-XL also warned it could run out of cash over the next 12 months. In reaction, ARLZ stock have plummeted 5...Read More
Alasdair MacLeod tells Silver Doctors as gold moves higher, silver, being the poor man's gold, will move like "greased lightning."MacLeod says hedge funds have shorted silver, leading to silver being extremely oversold.It is only a matter of time until gold will break out above the $1360 resistance level. As gold moves higher, silver, being the poor man's gold, will move like "greased lightning."A...Read More
(Kitco News) - Gold pricesare once again weaker in early U.S. trading Tuesday. The yellow metal atpresent is caught in a strangle-hold from an appreciating U.S. dollar indexthat hit a 4.5-month high overnight. June Comex gold futures were last down $3.50an ounce at $1,310.30. July Comex silver was last down $0.01 at $16.485 anounce. Itis critical for the gold market bulls to keep their precious me...Read More
About a year ago, Argentina - which has inflated away and/or defaulted on its currency every few decades for the past century - issued 100-year government bonds. And the issue was oversubscribed, with yield-crazed developed-world institutions throwing money at the prospect of a lifetime of 7% coupon payments. A contemporaneous media account of the deal:Argentina sees strong demand for surprise 1...Read More
Peter KrauthAfter hitting a distinct bottom early in the last week, silver prices have already bounced back impressively despite ongoing U.S. dollar strength. After starting May near $16.25, the price of silver rallied to a high near $16.47 last week.The other challenge that silver faced was the news the market awaited from the FOMC meeting on Wednesday, May 2. After the meeting, the committee ann...Read More
The stock has moved back below the 200-day moving averageCar rental stock Hertz Global Holdings Inc (NYSE:HTZ) is trading significantly lower this morning, after the company reported a larger-than-expected first-quarter loss. Down 9% at $20.09 at last check, HTZ has fallen below the 200-day moving average, with the shares moving back into the red on a year-to-date basis. Ahead of earnings, options...Read More
Chinese ferrous futures mostly increased during morning trading on Tuesday May 8, with the exception of the coking coal and coke contracts, which fell slightly.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,658 yuan ($575) per tonne, up 3 yuan per tonneOctober hot-rolled coil: 3,752 yuan per tonne, up 10 yuan per tonneDalian Commodity Exchange September iron or...Read More
By Steve St. AngeloAs the markets and financial system continue to be propped up by an ever-increasing amount of debt and leverage, precious metals investors need to understand the two most important reasons to invest in gold and silver. While one of the reasons to own precious metals is understood by many in the alternative media community, the more important critical factor is not.The motiva...Read More
Trump is 'Committed' to Iran Regime Change, says Rudy Giuliani. What's the case?Continue...Read More
NEW YORK (Reuters) - Mundane back-office concerns are giving pause to potential investors in digital currency hedge funds who have otherwise warmed up to the volatile asset class.Traditional custodian banks such as Bank of New York Mellon Corp (BK.N) and State Street Corp (STT.N) do not yet handle crypto assets like bitcoin. That means hedge funds have been forced far from Wall Street to places li...Read More
By Benjamin Parkin and David Hodari Copper prices fell as geopolitical uncertainty loomed over metals markets. Traders were looking ahead to President Donald Trump's pending announcement on whether the U.S. would withdraw from the nuclear deal with Iran, due Tuesday afternoon. Concerns that any subsequent instability could have a knock-on effect for the global economy were weighing down the copp...Read More
RKDA shares have given back their huge gains from MarchAgricultural biotech Arcadia Biosciences Inc (NASDAQ:RKDA) is set to jump 27.7% this morning, thanks to news that rice grown with the company's proprietary traits showed promising results in a field trial from the past two crop seasons. Arcadia CEO Raj Ketkar added, "These results show that our agricultural productivity traits hold significant...Read More
"Just a few minutes ago I spoke with Director Christine Lagarde, and she confirmed we would start working on an agreement today," Continue...Read More
The latest news and price moves to start the Asian day on Wednesday May 9. Base metals prices on the London Metal Exchange ended mostly lower at the close of trading on Tuesday May 8, with aluminium and zinc bucking the trend. Read more in our live futures report.Brazil's primary aluminium export volumes increased by 82.7% year on year in April due to increased shipments from Norsk Hydro's Al...Read More
WASHINGTON/PARIS (Reuters) - U.S. President Donald Trump is expected to announce on Tuesday that he is pulling out of the Iran nuclear deal, European officials said, after they struggled to persuade him that the accord has halted Iran’s nuclear ambitions.One senior European official closely involved in Iran diplomacy said U.S. officials had indicated late on Monday that Trump would withdraw...Read More