BEIJING/WASHINGTON (Reuters) - China has never surrendered to external pressure and it will win any trade war with the United States, the nation’s state media stressed in the hours after the world’s two top economies targeted each other with planned steep tariffs.In Washington, U.S. administration officials continued to seek to allay market fears of a trade war, and expressed a willing...Read More
The Dow is pacing for its best close in over two weeksThe Dow Jones Industrial Average (DJI) is extending its push higher at midday, gaining roughly 337 points and pacing for its best close since March 21. A big rebound in Boeing (BA) shares is behind the blue-chip index's rise, as stocks continue to shake off recent trade tensions. Meanwhile, Facebook (FB) is headlining a strong day for the tech...Read More
By Ryan WildayWhile we still await the crypto bottom, I want to start this week's article off with a personal narrative. I owe my current working life to ethereum.In 2016, I was a practicing design strategist for Samsung while trading as a hobby. In fact, I had already been trading for two decades when I decided to continue my study of the market by learning Elliott Wave Theory. Soon after that,...Read More
The export market for CIS-origin pig iron was quiet in the week ended Thursday April 5 because of the Easter holidays in the United States and Europe."There is no activity in the US due to Easter and the expectations of scrap market price [movements] in April," a source close to pig iron suppliers told Metal Bulletin.In the US, the offer price for low-manganese pig iron was $425 per tonne cfr. Tha...Read More
Right now, Millennials are the largest cohort of homebuyers in America. And even though they're waiting longer to get married, start a family, and buy a home... and they're Continue...Read More
One Hot Market Stat to Know Right Now Jefferies speculates Amazon's (AMZN) cloud services business AWS could produce $60 billion in annual revenue in five years versus a $20 billion run rate today. Via @BrianSozzi Market Snapshot Global stocks rebounded Thursday, April 5, and Wall Street futures were pointing to a positive open as worries about a full-blown trade war between the U.S....Read More
By Keith WeinerThe dollar is failing. Millions of people can see at least some of the major signs, such as the collapse of interest rates, record high number of people not counted in the workforce, and debt rising from already-unpayable levels at an accelerating rate.I am going to share a little bit about myself and my personal motivation. I want to help fix this problem. The alternative, if it'...Read More
Several big-cap financial firms will report earnings at the end of the weekNext week will have a little bit of everything for investors. On the economic front, a pair of inflation updates and the release of the minutes from the Federal Open Market Committee's (FOMC) March meeting will be the most anticipated. Additionally, first-quarter earnings season is getting ready to rev up, with big banks J...Read More
What strategies are needed to not just survive but to thrive in the turbulent times ahead? Here's some you may already know, and some you may not...David Moadel interviewed on Reluctant PreppersBond market in a bubble? What's next?Stock Market pivot to bear, or continue bull rallying after this breather?Petro-Yuan: China allowing investors to bypass the USD in the oil market and the futures market...Read More
As bitcoin and its thousand or so cousins evolve from novelty to threat, the existing monetary system is reacting pretty much as evil empires tend to, with coercion and co-optation. This week it's India:Continue...Read More
Turkish steel mills went through Thursday April 5 with no deep-sea bookings and prices remaining stable, according to sources in the market.The most recent deal was for a Baltic Sea cargo sold at $356 per tonne cfr for HMS 1&2 (80:20), $361 per tonne for HMS 1&2 (90:10) and shredded,...Read More
WASHINGTON (Reuters) - White House economic adviser Larry Kudlow said on Thursday that a second phase to overhauling the U.S. tax system is not likely to be immediate, adding that he expected to see more concrete details on the plan next year.It was possible for U.S. economic growth to reach 5 percent for at least a short period of time, Kudlow said in an interview with Fox Business Network. The U...Read More
HighlightsThe head of Eagle Plains Resources Ltd., CEO Tim J. Termuende, makes his show debut. Eagle Plains Resources is a mineral explorer located in Western Canada that seeks key deposits of gold, base metals, uranium, rare earth elements, and industrial minerals. Eagle Plains Resources enhances shareholder value through the acquisition and development of early stage mineral exploration projec...Read More
Making the case for a LULU rally up to $105We've got nothing much to add to the facts repeatedly offered up to anyone with an interest in Lululemon Athletica Inc. (NASDAQ:LULU) over this past week -- namely, that LULU reported a solid earnings/revenue beat on Tuesday for its most recent quarter, along with an appropriately favorable earnings outlook. But those facts are an input (actually, one of...Read More
"What the big banks, led by JP Morgan, have done to silver is so incredibly criminal. But since the criminal banks run the world, they get..."James Anderson interviewed by Sean on SGTreportWhat the big banks, led by JP Morgan, have done to silver is so incredibly criminal. But since the criminal banks run the world, they get away with it with impunity. Meanwhile, JP Morgan has quietly built the la...Read More
Let's keep'em in Afghanistan Iraq Syria "a little longer," the Pentagon said on Thursday of US troop presence in the war torn country afterContinue...Read More
WASHINGTON (Reuters) - The U.S. trade deficit increased to a near 9-1/2-year high in February as both exports and imports rose to record highs, but the shortfall with China narrowed sharply.The Commerce Department said on Thursday the trade gap rose 1.6 percent to $57.6 billion. That was the highest level since October 2008 and followed a slightly downwardly revised $56.7 billion shortfall in Janu...Read More
Gold prices have chopped higher since bottoming in December 2015. The move has not been as exciting as precious metals bulls would like but its followed a trend of higher lows nonetheless.During the same time frame, Gold has tested the $1360 - $1375 price level on multiple occasions - see resistance line at (1). This action has created a compression pattern that is creating pressure to the upsi...Read More
VANCOUVER, BC - April 5, 2018 - Goldsource Mines Inc. ("Goldsource" or the "Company") is pleased to announce that on March 29, 2018, the Company, through its subsidiary and with its local joint venture partner in Guyana, Kilroy Mining Inc., executed a definitive agreement with a local Guyanese individual (the "Owner") for the option to explore and purchase a 100% interest in the Bishop Growler P...Read More
Shares of manufacturing and transportation companies rose after an initial plunge as traders bet trade tensions with China wouldn't significantly change the course of economic growth. "One of the things that seemed to turn things around in terms of today's trading activity [was] when [Cleveland Federal Reserve President] Loretta Mester spoke," said Oliver Pursche, chief market strategist at broker...Read More