Russia mined more than 185.1 tons of gold from January to July this year, according to recent data published by Russia's Finance Ministry.Continue...Read More

Billet exporters in the Commonwealth of Independent States saw a splash of demand from Saudi Arabia this week, with several cargoes heard booked, while most other markets remained quiet, market participants said.Two cargoes of billet with increased manganese content, each around 50,000 tonnes and scheduled for shipment in February, were sold to Saudi Arabia at the end of last week within the range...Read More

Improving sentiment in the European domestic and import flat steel market in recent weeks spurred Italian customers to accept higher prices for CIS slabs, supporting Fastmarkets' assessment range in the week to Monday December 23. The price of imported hot-rolled coils prices in Southern Europe has gained $20-30 per tonne since the beginning of December, while the domestic price has increased by $...Read More

Thibaut Lepouttre of Caesars Report examines how this Canadian company intends to improve on the 440,000-ounce gold-equivalent resource at its flagship project. IntroductionThis, perhaps, won't be the most original remark or statement, but sometimes a project can benefit from a fresh pair of eyes that use a whole new approach to unlock value. New Nadina Explorations Ltd. had a massive run about...Read More

The Nasdaq saw its ninth consecutive win today It was another blow-out session on Wall Street, with the Dow notching a triple-digit gain on news that China will be slashing import tariffs on a number of goods. A nearly 3% win for Boeing (BA) also helped boost the blue chip index, after the aircraft company fired CEO Dennis Muilenburg. As far as economic data is concerned, traders weighed a rise in...Read More

Calls have been a hot commodity for SNAP, TWTR, and SHOP options tradersThe 20 stocks listed in the table below have attracted the highest weekly options volume during the past 10 trading days. Data is courtesy of Schaeffer's Senior Quantitative Analyst Rocky White. The stocks highlighted in yellow are new to the list, including Uber Technologies Inc (NYSE:UBER), which made headlines earlier toda...Read More

LYFT calls are attractively pricedThe shares of Lyft Inc (NASDAQ:LYFT) are down 4.1% to trade at $45.97 today, after it received a bear note from KeyBanc. While reiterating a "sector weight" rating, analyst Andy Hargreaves posed data that suggested the ride-sharing app's customer growth was fading, and could continue to "slow materially" unless Lyft can broaden its use cases. Also weighing heavy...Read More

Breaking down a massive options trade on PepsiCo stockWhile PepsiCo, Inc. (NASDAQ:PEP) stock is relatively unchanged at the moment, trading at $137.34, but this hasn't stopped options traders from piling on. In fact, 20,000 calls have crossed the tape so far -- five times the intraday average -- compared to just 3,006 puts. A massive amount of activity is taking place at the June 135 call, and it...Read More

Short sellers usually wait until after Jan. 1 to cover their positionsInvestors holding very profitable positions will astutely wait until after Jan. 1 to sell. This postpones paying taxes on the profits by a year. Short sellers, on the other hand, who have made money will wait until after the New Year to cover their short position. In the analysis below, I'll first look for evidence that we can i...Read More

The S&P and Nasdaq hit new highs The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) have hit fresh highs again today, while the Dow Jones Industrial Average (DJI) was also sporting a solid lead at last check, as stocks stay strong ahead of this week's Christmas break. More trade buzz has helped keep the rally alive, while a number of M&A-related headlines have also kept traders busy. This sets up...Read More

Wedbush initiated coverage on IAC with an "outperform" rating and a $295 price target The shares of IAC/InterActiveCorp (NASDAQ:IAC) are down 0.4% to trade at $244.98, lower despite an initiation of coverage at Wedbush with an "outperform" rating and $295 price target -- a roughly 20% premium to Friday's close. This comes just a few days after the firm dissolved its stake in Match Group (MTCH), th...Read More

ITCI is eyeing its best day since 2013One of the best stocks on the Nasdaq this morning is Intra-Cellular Therapies Inc (NASDAQ:ITCI), up 126.6% to trade at $28.19. This comes after the Food and Drug Administration (FDA) approved Caplyta, the healthcare company's treatment for schizophrenia. Intra-Cellular plans to launch the drug in the first quarter of 2020.ITCI earlier traded at $28.60, its h...Read More

Crude oil futures moved higher onceagain during yesterday’s session, overcoming the upper border of the risinggreen trend channel for the third time in a row. While the futures finished theday above this resistance, the bulls didn’t manage tohold gained ground in full.Earlier today, the futures opened withthe red gap. This bearish development means invalidation of yesterday’sbrea...Read More

3M stock is continuing its breakout above $175Manufacturing name 3M Co (NYSE:MMM) is enjoying a 0.9% lift this morning -- a reaction to the surprise bull note out of J.P. Morgan Securities. The firm upgraded MMM to "neutral" from "underweight," and hiked its price target to $150 from $143, though this still represents a 14% downside to Friday's close. Despite being in the midst of a lawsuit regar...Read More

Weekly call traders could be playing today's rallyJD.Com Inc (NASDAQ:JD) is up 3.8% this morning at $36.65, thanks to a Reuters report indicating the company is exploring an overseas initial public offering (IPO) for its logistics business. According to the article, the IPO could raise between $8 billion to $10 billion -- which equates to roughly one-fifth of JD's market cap -- and the proceeds co...Read More

TECHNICAL SCOOPCharts and commentary by David ChapmanChief Strategist, Enriched Investing Inc.Phone: 416-523-5454 Email: david@davidchapman.comdchapman@enrichedinvesting.comTwitter: @Davcha12December 23, 2019 "Gold is money. Everything else is credit." J.P. Morgan, American financier, banker, dominated corporate finance on Wall Street during the Gilded Age; 1837-1913 "Because gold is honest mo...Read More

By: Gary SavageGold is churning, not doing a whole lot of damage, except to gold investors' mental state. We are now 3 1/2 months into the sideways churn. A market bouncing back and forth from overbought and oversold...http://blog.smartmoneytrackerpremium.com/Read More

By: Ira EpsteinGold has a bullish and negative bias -- what's next for gold this holiday week:Read More

Friday's subdued rally had more than a faint whiff of distribution about it. DaBoyz had shorts on the run in the early going, with the Dow up about 230 points in the first hour. But instead of reaming bears a new orifice as we might have expected, the erstwhile Masters of the Universe struggled merely to maintain altitude and eventually had to close the broad averages well off their intraday h...Read More

Look for signs of profit taking in all metals and energies as traders leave for Christmas and New Year vacations. China will lower trade tariff on a host of products ranging from pork to some type of semi-conductor. Gold and silver should fall as a result of Chinese move. Right now gold and silver are firm due to Trump and his impeachment. But they will be vulnerable to sharp correction any time...Read More