The equity is on pace to end a second straight session beneath a key trendlineHome construction company Lennar Corporation (NYSE:LEN) is slated to report fiscal first-quarter earnings before the bell tomorrow morning. Lennar stock added close to 50% from its September lows to its record high of $72.17 on Jan. 22, before pulling back with the broader stock market. Today, the shares are on pace to...Read More
The U.S. government is getting so desperate for cash that it has begun selling its strategic petroleum reserves. Sadly, it appears those profligateContinue...Read More
Financial crises tend to start at the periphery and work their way into a system's core. Think subprime mortgages (a tiny little niche of a few hundred billion dollars) that blew up in 2007 and nearly brought the curtain down on the whole show.There's no guarantee that the same dynamic will play out this time, but stage one - the bursting of peripheral bubbles - has definitely arrived, with thre...Read More
Peter KrauthSince my last update, the price of silver has given back most of the gains from the previous week. In fact, the price of silver actually finished the month of March in the red. After topping out at $16.50 on March 27, the precious metal dipped below $16.30 just two days later.But there is a bright spot in this recent movement for precious metal investors.Despite moving in a narrow rang...Read More
(Reuters) - The billionaire Steven A. Cohen has won the dismissal of an $8 billion lawsuit accusing him and his former firm SAC Capital Advisors LP of conspiring with other hedge funds to spread false rumors about Fairfax Financial Holdings Ltd, hoping to “crush” or “kill” the insurer.In a decision last week, New Jersey Superior Court Judge Frank DeAngelis said the nearly 1...Read More
Turkish steel producers have resumed their deep-sea scrap purchases following the recent sharp decrease in prices, sources said on Tuesday April 3.A steel producer in the Marmara region booked a European cargo, comprising 15,000 tonnes of HMS 1&2 (75:25), 10,000 tonnes of shredded, 5,000 tonnes of a mixture of HMS 1 and plate and structural scrap (P&S), and 5,000 tonnes of new cuttings, at an aver...Read More
Teranga Gold Corporation Jumps 20% to Top the Ubika Gold 20 Index of Canadian gold stocksThis Content is Exclusive to Our MembersLogin belowRegisterLost your password?The Ubika Gold 20 Index has declined 10.4% since our last report dated January 22, 2018, underperforming its benchmarks, the Gold Spot price and the Global Gold Index, which decreased 1.1% and 4.7%, respectively. Notable performers f...Read More
By Steve St. AngeloAs the BLOOD continues to run on Wall Street, gold and silver were the few assets trading in the green today. As I have mentioned in past articles and interviews, investors need to get used to this sort of trading activity. Even though the Dow Jones Index ended off its lows of the day, it shed another 458 points while the Nasdaq declined 190 points and the S&P fell 60.As t...Read More
The stock could be headed for record highs soon, if history repeatsChegg Inc (NYSE:CHGG) stock has been on a rollthe past year, but like much of the broader stock market, ran out of steam last month. However, if history is any guide, it could be time to buy short-term call options on the online education platform.At last check, Chegg stock was fractionally higher to trade at $20.11. Looking closer...Read More
Regardless of the merits or demerits of the Amazon business model, prosecutors could bring a case against "bigness" per se as an example to the rest ofContinue...Read More
SRSrocco says "falling mine supply of silver when investors around the world wake up to the tremendous STORE OF WEALTH properties of the..."by Steve St Angelo of SRSrocco ReportSilver mine supply from the world's fourth-largest silver producer fell significantly at the beginning of 2018. According to Chile's Ministry of Mines, domestic silver production in January declined 20% versus the same mo...Read More
NEW YORK (Reuters) - The dollar rose on Tuesday, led by gains against the yen and Swiss franc, as risk appetite improved and Wall Street’s main indexes advanced, helping the currency stabilize after sharp declines the previous day.The outlook for the dollar, however, remains murky due to global trade tensions. The greenback has lost 2 percent in the year so far.“At the moment, support...Read More
Leonovus Inc. (TSXV:LTV), a Blockchain technology stock, jumped after announcing that a proof of concept customer has purchased Leonovus 3.0Sean Mason | March 23, 2018 | SmallCapPowerA purchase order and new pilot projects boosted a Blockchain technology stock Friday. Here's some small stocks making big moves on Friday, March 23, 2018 (as of 4 pm EST):Leonovus Inc. (TSXV:LTV), a Blockchain tec...Read More
Source: Jack Chan for Streetwise Reports 04/02/2018 Technical analyst Jack Chan updates the gold and silver charts. -->Our proprietary cycle indicator is 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 can last for days and week...Read More
The tariffs were proposed "in response to China's policies that coerce American companies into transferring their technology and intellectual property to domestic Chinese enterprises."Continue...Read More
NVDA is one of the best S&P 500 stocks todayA rebound in the tech sector, including a sharp bounce for semiconductor giant Nvidia (NVDA), and gains in consumer discretionary names are helping lift U.S. stock indexes today. The Dow Jones Industrial Average (DJI) was last seen boasting a triple-digit lead, with Johnson & Johnson (JNJ) and UnitedHealth (UNH) in the front of the pack. Even Amazon (AMZ...Read More
- Gold signs off Q1 2018 with best run since 2011- Gold price supported by safe haven demand, interest-rate concerns and inflation- Trade wars and concerns over equity market have sent investors towards gold- ETF holdings highest in nearly a decade- Goldman Sachs: 'The dislocation between the gold prices and U.S. rates is here to stay'Gold ended March with it's best performance since 2011. The s...Read More
On Tuesday copper for delivery in May advanced to a two-week high on the Comex market in New York at $3.065 per pound or $6,755 a tonne after positive manufacturing data from China, the globe's number one metals consumer.Copper is still down 8% so far in 2018 and the bellwether metal's dimmer prospects is nowhere more evident than on derivatives markets and the shift in positioning of large-scal...Read More
Turkish domestic scrap prices have fallen over the past week amid weakening imported scrap prices, sources said on Tuesday April 3.Metal Bulletin's weekly price assessment for domestic auto bundle (DKP grade) scrap in Turkey was TRY1,270-1,500 ($320-378) per tonne delivered, down from last week's TRY1,300-1,520 per tonne.A number of steel mills and a major scrapyard have reduced their buy prices f...Read More
Source: Clive Maund for Streetwise Reports 04/01/2018 Technical analyst Clive Maund reviews the most recent COT reports, and sees gold and silver diverging right now. -->We've certainly got plenty to look at in coming days, but perhaps a good place to start is with a review of some of the latest COTs, because of their implications for the immediate future. The following charts make very cle...Read More