The U.S. Senate recently voted to pass the Allow States and Victims to Fight Online Sex Trafficking Act a bill that forces online companies to censor theirContinue...Read More
Import prices for re-rolling-grade hot-rolled coil sold into Vietnam continued to trend downward on lower demand caused by fears over a looming trade war between China and United States.Metal Bulletin's assessment of HRC import prices in Southeast Asia - which mainly looks at Chinese 2-3mm SAE1006 HRC and equivalent grades sold into Vietnam - was $600-620 per tonne for the week ended Monday March...Read More
By Clint SiegnerGold production numbers for 2017 are still being compiled but estimates call for the first annual decline in mine output since 2008.The gold price fell dramatically in the months following the 2011 peak in prices. It has languished at, or near, the cost of production for years. Low gold prices are having a predictable effect on mine output.Many projects with marginal ore deposits...Read More
Ubika Gold 20 Index has climbed 10.8% during the past five weeks, outperforming its benchmarks the Gold Spot price and the Global Gold IndexThis Content is Exclusive to Our MembersLogin belowRegisterLost your password?The Ubika Gold 20 Index has climbed 10.8% since our last report dated December 11, 2017, outperforming its benchmarks, the Gold Spot price and the Global Gold Index, which returned 6...Read More
By Avi Gilburt For those that follow me regularly, you will know that I have been tracking a set up for the GLD as a proxy for gold. I believe that the GLD can outperform the general equity market once we confirm a long term break out has begun, and I still think we can see it in occur in 2018. This week, I will provide an update to the GLD. While I have gone on record as to why I do not think t...Read More
BABA and X call options have been very popular of lateChinese e-commerce monster Alibaba Group Holding Ltd (NYSE:BABA) and steel stock United States Steel Corporation (NYSE:X) have been in the news following President Trump'strade ambitions. Amid the drama, weekly options volume for both stocks has been hot in recent weeks.Both BABA and X stocks landed on Schaeffer's Senior Quantitative Analyst...Read More
"AT JUST 32, Mohammed bin Salman seems fearless and determined. He has quickly become the most dominant Arab leader in a generation."Continue...Read More
Gold update: While I don’t care much for Cycle anomalies (i.e. short of long cycle), I am not going to fight them. Therefore, I am very bullish on Gold given the short ICL that has been left behind but the yellow metal has disappointed before so we still need to be cautious until the next resistance between 1360-1377 is taken out. The next week or 2 are critical, IMO and Gold needs to s...Read More
The threat of a trade war between two of the largest world economies - the United States and China - has dragged down Asian steel prices over the past week.Flat and long steel prices showed big falls on Friday March 23 when end-users' demand for hot-rolled coil, wire rod, ferrous scrap and steel billets practically vanished while buyers waited for further declines.Fears of a trade war between the...Read More
Picture, if you will, a group of slaves owned by a cruel man. Most of them are content, but one says to the others, "I will defy the Master." While his statement would superficially appear to yearn towards freedom, it does not. It betrays that this slave, just like the others, thinks of the man who beats them as their "Master" (note the capital M). This slave does not seek freedom, but merely a sm...Read More
TECHNICAL SCOOPCharts and commentary by David ChapmanPhone: 416-523-5454 Email: david@davidchapman.comTwitter: @Davcha12March 26, 2018 "Facebook gives people an illusory sense of being LIKED." Mokokoma Mokhonoana "We have a responsibility to protect your data" Mark Zuckerberg Maybe it is slightly creepy that an ad for a product you visited keeps popping up on websites you visit. But then d...Read More
By Dave KranzlerIt feels like were at the point in the "correction" cycle in which the mining stocks are reluctantly going lower. I also believe that aggressive hedge funds looking to buy at this level are trying to push the stocks down in early trading in order to induce remaining weak hands to sell in their bids. Tuesday (March 20th) is a perfect example. Several of the stocks I own were hamme...Read More
Lowe's is also in focus after its CEO retiredThe Dow is sporting a big lead today, thanks to positive China developments. Three stocks making notable moves are home improvement retailer Lowe's Companies, Inc. (NYSE:LOW), meal delivery specialist Blue Apron Holdings Inc (NYSE:APRN), and payments processor Square Inc (NYSE:SQ). Here's what's moving shares of LOW, APRN, and SQ. Lowe's Stock Rallies A...Read More
SHANGHAI, Mar 26 (SMM) – Demand would be the key thing to watch for silicon prices in the short term as prices have been dropping even before the dry season ends.Aluminium alloy plants, buyer of metallurgical-grade silicon, were operating at a low rate in a bid to destock as few new sales orders were received post-Chinese New Year when previous orders were also delayed.Even though some...Read More
China is working a strategy with the Saudis. Since the last months of 2017, the Jackass has been firm that the ARAMCO deal forContinue...Read More
The biggest steel producer in the United Arab Emirates, Emirates Steel, increased its rebar price to 2,412 dirhams ($657) per tonne ex-works for April production on Monday March 26.This is up from the previous 2,340 dirhams per tonne ex-works, a price that had been unchanged since January 16.Compatriot producer Conares Steel is now offering rebar...Read More
Gold update: While I don't care much for Cycle anomalies (i.e. short of long cycle), I am not going to fight them. Therefore, I am very bullish on Gold given the short ICL that has been left behind but the yellow metal has disappointed before so we still need to be cautious until the next resistance between 1360-1377 is taken out. The next week or 2 are critical, IMO and Gold needs to show some b...Read More
Citron Research thinks SHOP should trade at $100Shopify Inc (NYSE:SHOP) is plummeting today, last seen down 5.8% at $133.40, after Citron Research released a report detailing the company's reliance on Facebook data. Citron believes the stock should trade back down at $100, as it believes Facebook will soon begin restricting the data it relies on -- describing it as a "major Facebook problem" in a...Read More
LONDON/WASHINGTON (Reuters) - The United States said on Monday it would expel 60 Russian diplomats, joining governments across Europe in punishing the Kremlin for a nerve agent attack on a former Russian spy in Britain that they have blamed on Moscow.It was the strongest action that U.S. President Donald Trump had taken against Russia since coming to office. He has been criticized by Democrats and...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