Comparing the popular narrative of rapidly improving sentiment with global dollar liquidity indicatorsBeyond Trade Wars and Trump Tweets: What liquidity indicators are actually telling us about the global economic outlookThe "King Dollar" meme: Why a strong USD doesn't necessarily imply U.S. economic outperformanceRead More
Even though it's on rate-cutting hold, the Fed nonetheless keeps engaging in aggressive oversubscribed repo ops, or as we like to call the process, "QE4R."Continue...Read More
Import prices for steel slab in Southeast Asia and East Asia rose during the week to Monday December 9 despite concerns that a potential supply glut could emerge after United States President Donald Trump threatened to restore tariffs on steel imports from Argentina and Brazil.Sources told Fastmarkets that the uptrend in prices has already been disrupted by concerns that Brazilian steelmakers may...Read More
Many people are overlooking a critical factor in these escalating trade wars with the US and the rest of the World...and that is, the US holds the title of "World Reserve Currency" But how long will that last? And what will happen the US loses that title? Today I'll show you the newest dangers in the multiplying conflicts around Global Trade, how the US actually has the most to lose, and most impo...Read More
You would think that the Democrats would have learned from the Clinton Impeachment that the people do not support such nonsense. The Democrats haveContinue...Read More
"For too long, Russian doping has detracted from clean sport...The blatant breach by the Russian authorities of RUSADA's reinstatement conditions...demanded a robust response. That is exactly what Continue...Read More
Trump has decided to enforce food stamp rules, everywhere, not Just Illinois. But Illinois provides the lesson.Continue...Read More
"He served our Nation with great distinction as Chair of the Federal Reserve among other important positions, steering our country through challenging economic times more than once. Mr. Volcker was admired Continue...Read More
Greg is ready to make another bold call on the precious metals, having nailed previous moves in both gold and silver perfectly right here on this podcast earlier this year. Greg also tells us why he believes the trade deal with China is keeping many Americans hopelessly distracted about the real issues in the economy - and why a deal there will simply not be enough to keep the economy going strong...Read More
As long as the monetary base keeps growing, gold prices will keep rising, says E.B. Tucker, director of Metalla Royalty & Streaming. "The [monetary base] is never going to go down," he said. "Gold is not a way to speculate and make a big profit, it's a way to protect your wealth. It's wealth insurance."Read More
China's domestic rebar prices picked up on Monday December 9 amid rising iron ore and coke futures.Eastern China (Shanghai): 3,900-3,930 yuan ($554-558) per tonne, up 30 yuan per tonneNorthern China (Beijing): 3,640-3,680 yuan per tonne, up 10 yuan per tonneThe Dalian Commodity Exchange launched iron ore options during the day, which stimulated trading activity for the steelmaking raw materials' f...Read More
The two companies are advancing adjoining projects in the Yukon. Copper tubes.Granite Creek Copper Ltd. (GCX:TSX.V) closed its purchase of 30% of Copper North Mining, it announced in a news release. "We are pleased to have completed the acquisition which we believe will be accretive for both companies due to their adjoining claim blocks which share many synergies, including common geology, infras...Read More
The Dow lost 105 points, snapping its three-day win streak on MondayThe Dow kicked off the week with a triple-digit drop, snapping its three-day win streak. Apple (AAPL) dragged on the blue-chip index, as investors turned cautious ahead of a new round of U.S. tariffs on Chinese goods set to go into effect this Sunday, Dec. 15. Losses were contained, though, following comments from China's Assistan...Read More
Exxon Mobil and Schlumberger just ran into historically bearish trendlinesTwo oil stocks that have been fighting to stay atop their year-to-date breakeven levels lately are blue chip Exxon Mobil Corporation (NYSE:XOM) and Schlumberger Limited (NYSE:SLB), which are up 1.7% and 2.1% for the year, respectively. These marginal gains could be short lived, however, since bearish technical signals are fl...Read More
Peloton shares are seeking a second straight winPeloton Interactive Inc (NASDAQ:PTON) shares are trading up 5.8% at $34.51, bouncing back from a recent pullback that was caused by the company's highly scrutinized holiday ad. After dropping three in a row following the Dec. 12 peak of $37.02, the shares are set for a second straight win today after opening back above their 10-day moving average. Op...Read More
We are taking a look at three stocks with extremely active options The 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. Stocks highlighted in yellow are new to the list, including controversial airliner Boeing Co (NYSE:BA), which saw its price target cut to...Read More
MRK is fresh off a 19-year high from FridayDrugmaker and blue chip Merck & Co, Inc. (NYSE:MRK) made a splash on the M&A front this morning, after acquiring Massachusetts-based cancer drug developer ArQule (ARQL) for $2.7 billion cash, or $20 per share. The deal implies a premium of 107% based on ARQL's Friday close of $9.66. Analysts have been quick to comment, with Cantor Fitzgerald calling it...Read More
Sangamo announced promising results for its phase 1/2 study in its gene-editing treatment ST-400The shares of Sangamo Therapeutics Inc (NASDAQ:SGMO) are eyeing a three-month high of $12.25 today, up 5.1% at last check, after the firmshared promising results for its gene-editingtherapy ST-400. Specifically, the first three of the six patients tested in trials showed signs of prompt hematopoietic re...Read More
A FDX put option could triple in the coming monthAs the holiday season hits full swing, shipping giant FedEx Corporation (NYSE:FDX) always comes into greater focus. It's looking like it could be a tough holiday season for FDX, with the stock running up to a trendline that has historically bearish implications. More specifically, FedEx stock has rallied right up to resistance at its 160-day moving...Read More
The VIX is moving higher todayThe Dow Jones Industrial Average (DJI) is modestly lower today, as traders take a wait-and-see approach ahead of this week's Fed meeting. Headlines around a U.S.-China trade deal are also in focus, with the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) last seen lingering near breakeven as well. Despite the tepid price action, a sharp move higher in the Cboe Volatil...Read More