Most flat steel prices in Turkey's domestic and export markets were stable this week, and demand was still poor, market participants told Metal Bulletin on Friday April 6.Local producers were fully booked until June, and most of them have not announced new prices for June production yet.Domestic pricesHot-rolled coil (HRC) producers in Turkey have been offering material at $675 per tonne ex-works...Read More
Do you know how much a trillion is (we refer here to the short scale)? A billion is hard enough to imagine, much less a trillion. But let's try. We can write it as 1,000,000,000,000 - that's a 1 with twelve zeroes. In other words it's a million million, or ten to the twelfth (1012). One trillion of dollars in $100 dollar bills would stack up to about 631 miles high. Given that the average annual i...Read More
The gene-editing concern is no stranger to bullish analyst attentionThe shares of Crispr Therapeutics AG (NASDAQ:CRSP) are bucking today's broad-market headwinds, thanks to a positive analyst note at Goldman Sachs. Specifically, the brokerage firm launched coverage on the gene editing concern with a "buy" rating and an $86 price target -- more than double yesterday's close -- and waxed optimistic...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort234,67768,08852,011162,608351,473449,296471,572Change from Prior Reporting Period -24,35512,410-11,3855,165-32,330-30,575-31,305Traders18068734757261168 Small Speculators LongShortOpen Interest 43,84521,569493,141 -5,974-5,244-36,549 non reportable positionsChange from the previo...Read More
Here are today's videos and charts (double-click to enlarge):SFS Key Charts & Video UpdateSF60 Key Charts & Video UpdateSF Juniors Key Charts & Video AnalysisSF Trader Time Key Charts & Video Analysis*********Unique Introduction For Gold-Eagle Readers: Send me an email to signals@superforcesignals.com and I'll send you 3 of my next Super Force Surge Signals free of charge, as I send them to paid s...Read More
Domestic prices of hot-rolled coil (HRC) and cold-rolled coil (CRC) in Argentina increased this month amid recovering demand and higher international prices."There was a small adjustment in some prices," an Argentinian distributor said.Metal Bulletin's monthly assessment of Argentina's domestic HRC increased to $750-755 per tonne ex-works on Friday April 6, from $740-745 per tonne ex-works a month...Read More
The Dow, S&P, and Nasdaq are headed toward weekly lossesTrade and tech dominated headlines this week, so much so that Friday's big March jobs miss was just a blip on Wall Street's radar. Volatility ramped up, too, as Washington and Beijing exchanged tariff jabs, sending stocks with exposure to China -- including automakers, food processors, and fertilizer firms -- on a roller-coaster ride. More br...Read More
By Gary TanashianWe began months ago, noting the 3 Amigos destined for their goals. Here's a post from November 2017 explaining the macro fundamentals involved:Updating the 3 Amigos of the MacroAmigo #1 (SPX vs. Gold): Either reach major theoretical resistance (it's a ratio, after all) or abort mission by establishing a downtrend.Amigo #2 (10yr yield to 2.9% and 30yr yield to 3.3%): Destinations...Read More
David Morgan is a world-renown precious metals aficionado. He is the creator of TheMorganReport.com, a monthly report that covers economic news, overall financial health of the global economy, currency problems and the key reasons for investing in precious metals. A dynamic, much-in-demand speaker all over the globe, David's educational mission also makes him a prolific author, having penned Get t...Read More
Something strange has been happening in precious metals lately. Gold has been doing a lot better than silver, even as the paper market internals have increasingly predicted the opposite. The result is a gold/silver ratio that's near the top of its historic range:In the paper markets (where futures contracts are traded) the imbalance is even more glaring, with gold speculators extremely bullish (wh...Read More
Just a few months ago, news impacting gold and other metals was very different from today as at that time we were dealing with the impact of tax reform, the US budget and a major increase in military spending talk of infrastructure spending. We're no longer dealing with: ? War with North Korea (NK), being a daily topic. In fact, plans are underway for a meeting between Kim...Read More
WASHINGTON (Reuters) - U.S. trade talks with China have not yet begun but will hopefully start in the next few months, President Donald Trump’s economic adviser said on Friday.“They have not really begun yet. China’s response to our complaints ... has been unsatisfactory,” White House economic adviser Larry Kudlow told Bloomberg TV. “That’s why we’re looki...Read More
This article was written for Miles Franklin by Gary Christenson. Neither Miles Franklin nor Christenson run a lemonade stand.Summary: Timmy, a precocious ten-year-old opens a lemonade stand and learns about unbacked currencies."Dad, I'm excited and ready for business. Mom made me sign an IOU when she gave me sugar and frozen lemonade so I have stuff to sell." Timmy looked up at his father and sm...Read More
The rallying brick-and-mortar retail stocks sport attractively priced optionsWhile President Trump has been taking swipes at e-commerce titan Amazon (AMZN) lately, a handful of brick-and-mortar retailers have emerged on our radar. Ross Stores, Inc. (NASDAQ:ROST) and TJX Companies Inc (NYSE:TJX) shares tend to outperform in the second quarter, while Five Below Inc (NASDAQ:FIVE) could enjoy a short...Read More
The Australian Anti-Dumping Commission has initiated a review of the anti-dumping measures imposed on China-origin hot-rolled rod in coil that have maximum cross sections of less than 14mm.The rod in coil is classified under tariff subheadings 7213.91.00 (statistical code 44), 7227.90.90 (statistical code 02) and 7227.90.90 (statistical code 42), the commission said this week.Hot-rolled reinforcin...Read More
Guggenheim's head of investing sees a hard road ahead for the markets and the US economy, with a severe recession and a 40 percent drop in stocks on the horizonContinue...Read More
JPMorgan Chase CEO Jamie Dimon sees 'chance of market panic'- In annual letter to shareholders Dimon warns of increased inflation and interest rates- Concerned QE unwinding could cause chaos as 'markets will get more volatile'- Hard to look at the last 20 years in America "and not think that it has been getting increasingly worse."- Positive about US economy over next year, but ignores record leve...Read More
By Alasdair Macleod"Naturally, the smooth termination of the gold-exchange standard, the restoration of the gold standard, and supplemental and interim measures that might be called for, in particular with a view to organizing international credit on this new basis, will have to be deliberately agreed upon between countries, in particular those on which there devolves special responsibility by v...Read More