As I noted yesterday, stocks still have some life in them.Calling the precise top of a bubble is all but impossible. This is particularly true when you have a White House administration that openly admits it views stocks as a "report card." Rarely does the one being graded have the ability to manipulate the results of his or her "report card." In this case, the White House does.Having said that, m...Read More
GE is bouncing after hitting an eight-year low on MondayIt's a mixed session on Wall Street, after the U.S. stock market logged its best day in two years on Monday. The Dow Jones Industrial Average (DJI) was last seen trading comfortably higher on tailwinds from General Electric (GE), while the S&P 500 Index (SPX) is modestly higher, as traders weigh strong housing data against an unexpected drop...Read More
Source: Jack Chan for Streetwise Reports 03/26/2018 Technical analyst Jack Chan charts recent movements in the gold and silver markets. -->Our proprietary cycle indicator is now up.Gold sector is on a long-term buy signal. Long-term signals can last for months and years and are more suitable for investors holding for long term.Gold sector is on a short-term buy signal. Short-term signals ca...Read More
By Graham Summers As I noted yesterday, stocks still have some life in them. Calling the precise top of a bubble is all but impossible. This is particularly true when you have a White House administration that openly admits it views stocks as a "report card." Rarely does the one being graded have the ability to manipulate the results of his or her "report card." In this case, the White House d...Read More
Prices for imported billet in the United Arab Emirates fell this week on lower offers, while strong demand pushed up domestic rebar prices, sources told Metal Bulletin on Tuesday March 27.Demand for imported rebar in both the UAE and Saudi Arabia remained weak, however. Domestic rebar The major rebar producers in the UAE announced new rebar prices on Monday, March 26. The biggest steel p...Read More
Bob Moriarty says that while the "experts' have been wrong on silver for so long, his readers are making bank. Here's more...by Bob Moriarty via Streetwise ReportsI wrote about Silver Bull Resources Inc. (SVB:TSX; SVBL:NYSE.MKT) back in November. The stock was unloved and hovering at $0.11 a share. I suggested potential investors watch for news releases because the company has totally changed d...Read More
(Kitco News) - Gold pricesarelower in early U.S. trading Tuesday, on profit taking from recent good gainsthat saw prices hit a five-week high overnight. A solid rebound in the U.S.dollar index today is working against the precious metals markets. Also, traderand investor risk appetite has up-ticked significantly early this week, whichis a bearish element for the safe-haven gold and silver. April C...Read More
The developed world has lived with unnaturally-low interest rates for so long that it's become hard to imagine what life in a normal financial system would be like.Continue...Read More
Gold 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 were rendered une...Read More
The brokerage firm also boosted its price target by $2 to $8Shares of Aratana Therapeutics Inc (NASDAQ:PETX) have shot up 6.2% to trade at $4.11, after Stifel upgraded the stock to "buy" from "hold" -- joining the majority of analysts in coverage -- and lifted its price target to $8 from $6, territory not charted since February 2017. The brokerage firm cited expectations the company's Entyce drug,...Read More
By Avi Gilburt A new phrase has been added to our lexicon of late, and that is what has become known as "fake news." This new phraseology can be aptly applied to that which is presented by our old friends at the GATA (Gold Anti-Trust Action) committee.GATA has been trying to convince all those who are willing to listen that it is not its fault that the metals market dropped from 2011 to 2015 (wh...Read More
Peter KrauthWith the U.S. Federal Reserve's rate hike now behind us, the price of silver could well be embarking on a fresh rally.In fact, the precious metal is starting to act well in the face of both market weakness and market strength.The U.S. dollar has tried multiple times since mid-February to push higher, but each attempt was fruitless.Plus, silver stocks are also starting to look like they...Read More
Turkish deep-sea scrap import prices have inched downward after slightly lower offers were heard from the Baltic Sea region on Tuesday March 27.Metal Bulletin's daily index for Northern European HMS 1&2 (80:20) closed the day at $366.95 per tonne cfr, down by $1.15 per tonne day-on-day.The daily index for similar US-origin scrap closed at $376.96 per tonne cfr, down...Read More
BRUSSELS (Reuters) - Three days after European Union leaders left a summit in Brussels with a discreet yet vague agreement to expel Russian diplomats over a nerve agent attack on British soil, envoys met back to share details before an afternoon deadline.Unveiling national expulsion lists at a closed-door meeting on Monday, the 28 ambassadors from the EU’s member states were unaware of the s...Read More
"The silver market is right now absolutely primed for a massive move to the upside" Here's why...by Michael Ballanger of Streetwise ReportWould it be that a picture is worth a thousand words? In the case of the graphics posted below, in a word, yes!Look at the positioning of the mighty Commercial Traders, who rarely lose money and who operate under the blinded eye of regulatory oversight and go...Read More
The timing of America's announcement on new tariffs is circumstantially connected with China. In an announcement of enormous importance, a date Continue...Read More
By Oliver GriffinShares in Rio Tinto PLC rose on Tuesday after the company said that it has sold its entire stake in the Kestrel coal mine in Queensland, Australia, for $2.25 billion. The dual-listed mining company said it sold all of its 80% stake in the Kestrel mine to a consortium comprising of private equity manager EMR Capital and Indonesian coal company Adaro Energy. In 2017 the Kestrel min...Read More
ANAB and HOLX are trading higher today Biotech stock AnaptysBio Inc (NASDAQ:ANAB) is trading higher today after the company reported positive mid-stage trial results for its experimental peanut allergy drug. ANAB shares were last seen up 0.3% at $114.21, but that's nothing new. The security has continued to push higher since its huge bull gap back in October, reaching a record high of $134 back on...Read More
Seaborne iron ore prices and trading stayed lackluster on Tuesday March 27 although futures and steel markets have experienced a rebound.Key driversChina's steel and iron ore futures bounced up in the morning and ended with gains, despite a correction in the afternoon.The country's spot rebar and hot-rolled coil prices also increased 20-40 yuan ($3.20-6.40) per tonne during the day.Those have boos...Read More