SHANGHAI, Mar 26 (SMM) – After it was forecast that Tangshan's air pollution is likely to reach the orange level, the city activated its emergency level ?...? response to heavy air pollution at 20:00 on March 25 until further notice, SMM learned.An orange-level alert is the second-highest in China’s four-level air pollution warning system. An orange-level alert indicates that...Read More
By Market AnthropologyI could probably count on one hand the number of songs - that for whatever reason, I might stomach on repeat indefinitely. For What It's Worth - by Buffalo Springfield, is one of them. I say this, because the opening refrain from the more than 50-year young classic, "There's something happening here/ What it is ain't exactly clear," has been rattling behind my thoughts o...Read More
By Daniel R. Amerman, CFAMovies can have quite predictable plot lines that we know in advance - but we love them anyway. It could be a romance, where the girl is going to end up with the right guy through a series of improbable events, even though that looks impossible to begin with. It could be an action movie, where our tough and underestimated hero overcomes seemingly impossible odds to just...Read More
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 the GLD is a wis...Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transactions: rebarRebarUAE, domestic (Emirates Steel), rebar, offered at 2,412 dirhams ($657) per...Read More
The U.S. and China have reportedly started negotiationsThe Dow Jones Industrial Average (DJI) is soaring, as reports the U.S. and China have started tariff negotiations help ease fears of a global trade war that sent the stock market spiraling last week. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also solidly higher at midday, even as Facebook (FB) stock drops into bear-market territ...Read More
(Reuters) - U.S. stocks were higher on Monday as fears about a trade war between the United States and China eased following reports that the two countries were willing to negotiate tariffs and trade imbalances.However, a 3 percent fall in Facebook’s (FB.O) shares weighed on tech stocks after U.S. Federal Trade Commission made public its investigation into the social network, which has come...Read More
SRSrocco says "we are going to experience one hell of a disconnect between the stock and real estate markets and precious metals". Here's why...by Steve St Angelo of SRSrocco ReportThis update is by far one of the most important as the silver price setup is the best I have seen in years. According to the data, the silver price is by far in much better position to outperform gold when the precio...Read More
The impact of a trade war is more psychological than direct, unless governments choose to "really slam on tariffs," says economist Robert Shiller.Robert Shiller is an American economist, academic, and best-selling author. He currently serves as a Sterling Professor of Economics at Yale University and is a fellow at the Yale School of Management's International Center for Finance. Mr. Shiller has b...Read More
By Keith WeinerPicture, 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...Read More
Current Position of the MarketSPX: Long-term trend - The bull market is continuing with a top expected in the low 3000s.Intermediate trend - The intermediate correction from 2872 should now continue until May.Analysis of the short-term trend is done on a daily basis with the help of hourly charts. It is an important adjunct to the analysis of daily and weekly charts which discusses the course of l...Read More
Advanced Micro Devices is sitting out today's chip stock surgeChip stocks sold off late last week on concerns over a possible trade war with China, and after Citigroup downgraded Micron (MU) on concerns over falling NAND prices. The sector is on the mend today, though, with Beijing reportedly willing to ramp up its purchase of U.S. semiconductors -- sending the VanEck Vectors Semiconductor ETF (SM...Read More
LONDON (Reuters) - European Union foreign ministers will consider what possible further measures could be taken against Russia by June, British Prime Minister Theresa May’s spokesman said on Monday following the expulsion of Russian diplomats from 14 other EU states.“The foreign ministers were tasked with going away and looking at if there were any further measures, more broadly, which...Read More
Turkish steel producers have entered a third week with no deep-sea trading, while offers and bids in the market kept the daily scrap indices largely flat, sources said on Monday March 26.Metal Bulletin's daily index for Northern European HMS 1&2 (80:20) closed the day at $368.10 per tonne cfr, up by only $0.41 per tonne day-on-day.The daily index for similar US-origin scrap closed at $378.08 per t...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
(Kitco News) - Gold pricesare modestly up and hit a five-week high in mid-morningtrading Monday. After some overnight weakness, traders stepped in to buy thedip in prices. The gold market is also getting a lift from a weaker U.S. dollartoday, as the U.S. dollar index has dropped to a five-week low. Aprilgold waslast up $2.60 an ounce at $1,352.60. By Jim Wyckoff For Kitco NewsFollow @jimwyckoffjwy...Read More
Facebook's p/e ratio is the lowest it's ever beenFacebook Inc (NASDAQ:FB) stock got crushed last week, but Canaccord Genuity is saying this pullback is a buying opportunity. The brokerage firm reiterated its "buy" rating and $240 price target, saying it doesn't believe advertisers will shun the platform in a meaningful way. However, this preceded news that Pep Boys is temporarily pulling its ads f...Read More
The average bonus earned by Wall Street financial workers in 2017 soared to $184,220, reaching heights unseen since the immediate buildupContinue...Read More