MEXICO CITY (Reuters) - Mexico’s economy minister Ildefonso Guajardo said “all the issues” are on the table as talks between the United States, Canada and Mexico to rework the North American Free Trade Agreement (NAFTA) continued on Wednesday.Canadian Foreign Minister Chrystia Freeland, U.S. Trade Representative Robert Lighthizer and Guajardo are in Washington pushing to hammer o...Read More

Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More

Energy stocks CVX and XOM are some of the Dow's bet performersStocks are cautiously higher at midday, with oil prices on the mend following the U.S. decision to withdraw from the Iran nuclear deal. June crude futures have soared 2.7% to $70.90 per barrel, at last check, and energy stocks are lifting the S&P 500 Index (SPX). Likewise, oil giants Chevron (CVX) and Exxon Mobil (XOM) are near the top...Read More

Domestic prices for hot-rolled coil (HRC) in the EU have been largely unchanged over the past week, with buyers showing reduced interest in imported material, sources told Metal Bulletin on Wednesday May 9."Buyers are cautious when it comes to buying imported coil, because there are rumors that the EC will impose preliminary measures in a safeguard case within several weeks," a Southern European s...Read More

The Bank for International Settlements has just published, on the same day, its monthly statement of account for March 2018 as well as its monthly statement for April 2018:https://www.bis.org/banking/balsheet/statofacc180331.pdfhttps://www.bis.org/banking/balsheet/statofacc180430.pdfFrom these statements it is possible to deduce that during March the BIS reduced by about 165 tonnes its use of go...Read More

WASHINGTON (Reuters) - President Donald Trump’s nominee to be CIA director, Gina Haspel, said on Wednesday the United States needs to do more to address what she described as China’s “overt and illicit efforts to steal” U.S. technology.U.S. government agencies, and members of Congress, have recently made a series of moves aimed at stopping or reducing access by some Chinese...Read More

A while back, a writer (whose name and story details I unfortunately don't remember) was researching the credit card business and tried to figure out how card Continue...Read More

Nvidia will report earnings after the close tomorrowGraphics processing units maker Nvidia Corporation (NASDAQ:NVDA) is scheduled to report first-quarter earnings after tomorrow's close. The stock has been in a long-term uptrend, and earlier topped out at a record high. Given NVDA's history of positive earnings reactions, the security could be in store for even more upside tomorrow, with the optio...Read More

SD Midweek: With crude oil above $71, a dollar that looks tired, and a silver price that doesn't want to budge, things are about to get very interesting...I put the tight range back onto the silver chart:It really is amazing just how much control the cartel has to keep silver between $16.40 and $16.60.Notice the volume is starting to fade. Trading volume is starting to look like it did coming off...Read More

Latin American steelmaker Gerdau sees the results of the Section 232 investigations of steel imports into the United States as being "positive" for the company, chief executive officer Gustavo Werneck has said."From the Gerdau North America perspective, the quotas [imposed by the US government after the conclusion of the process] will contribute to reducing imports and increasing the company's uti...Read More

The Dollar Index has rallied for three weeks without a significant correction, raising the odds that April's 89.23 low could turn out to be a very important one. Notice as well that the dollar's romp has exceeded numerous prior peaks, including no fewer than one 'internal' and two 'externals' labeled in the chart. From a 'Hidden Pivot' perspective, this defines the rally as a powerful 'impulse l...Read More

NEW YORK (Reuters) - Galaxy Digital Capital Management LP, the cryptocurrency asset management firm founded by former macro hedge fund manager Mike Novogratz, launched an index on Wednesday in cooperation with Bloomberg to track performance of 10 virtual coins, the companies said in a statement.The index, called Bloomberg Galaxy Crypto Index, will track some of the largest virtual currencies tradi...Read More

Both names have been heavily targeted by short sellersT2 Biosystems Inc (NASDAQ:TTOO) was upgraded to "buy" from "neutral" at Janney, after the sepsis specialist reported first-quarter revenue of $2.3 million -- well above the consensus estimate of $1.4 million. Leerink also chimed in, boosting its price target to $5 from $4 -- though this is still a discount to last night's close at $6.10. Nevert...Read More

Gold now has limited downside (20%) but substantial upside (650%)Gains on gold are likely to come at a time when stocks are crashingInvestors and savers without an allocation to gold will be wiped outTime to consider saving in physical gold? Editors noteby James Rickards, Daily ReckoningFollowing the Panic of 1907, John Pierpont Morgan was called to testify before Congress in 1912 on the subject...Read More

Tata Steel Europe has begun to seek potential buyers for its non-core business units so as to strengthen its forecast for the steel strip business, the company said on Tuesday May 8.The sale process will include five business units.The first is Cogent, a manufacturer and processor of electrical steels. It has three assets, at Newport in South Wales in the UK, at Burlington in Ontario in Canada, an...Read More

"San Diego has asked us to go forward with their section of the wall in California and rather than not doing that and letting them lobby for us with Governor Brown we decided to do it," Continue...Read More

The success of 'Black Panther' helped offset the struggling TV sectorShares of entertainment mogul Walt Disney Co (NYSE:DIS) are trading lower this morning, despite the company's fiscal second-quarter earnings beat. The firm said higher theme-park revenue and the success of "Black Panther" helped offset weakness in the TV division, and CEO Bog Iger teased the possibility of more "Avengers" movies...Read More

CLICK ON CHART TO ENLARGE This chart looks at the Gold/US Dollar ratio over the past 7-years. Gold bulls want to see this ratio heading up and they get disappointing news when it falls in price.Since 2011, the ratio started creating falling channel (1) and broke below it back in 2013. The rally that started back in 2016, saw the ratio make an attempt to climb back into falling channel (1) at (2...Read More

"If Iran acquires nuclear capability we will do everything we can to do the same."Continue...Read More

Analysts remain bullish on the social media giantFacebook Inc (NASDAQ:FB) stock is up 0.5% to trade at $179.78 this morning, after the company announced an extensive restructuring of executive responsibilities, including a new team dedicated to blockchain and privacy concerns. The company will now be divided into three divisions called "Family of apps," "New platforms and infra," and "Central pr...Read More