After two months of torrid gains for revolving, or credit card debt, moments ago the Fed reported in its monthly consumer credit report that in June US consumer Continue...Read More
Central banks in New Zealand, India and Thailand all cut rates more than expected on Wednesday, accelerating the money-printing trend and boosting gold around the worldContinue...Read More
Wednesday saw gold trade above $1,500 for the first time in a long time, bringing its 2019 gains to more than 18%.Continue...Read More
With the silver price spiking, and the shale industry getting hammered, there's a lot of volatility in the market. So what's going on, and perhaps more importantly, what should investors be watching out for?Fortunately I was joined by Steve St. Angelo of the SRS Rocco report, who walked through some of the fundamentals and technicals of silver. And also explained how problem in the #energy sector...Read More
China's domestic rebar prices were unchanged on Wednesday August 7 amid a fluctuating futures market clouded by a lot of pessimism generated by trade tensions between the country and the United States.Domestic Eastern China (Shanghai): 3,770-3,800 yuan ($536-540) per tonne, unchangedNorthern China (Beijing): 3,730-3,760 yuan per tonne, unchangedEarly gains in the futures market led some buyers to...Read More
Key data from Fastmarkets' Wednesday August 7 pricing session in Europe:Key drivers Ferro-titanium suppliers increase offer prices, with the range moving slightly higher at the top end, although overall business conditions are quiet given the time of year. At present there is tight availability on a spot basis and an increase in buying inquiries for August and September, although consumer demand i...Read More
The facility will support the company's existing gold project there and its exploration efforts nearby. Lion One Metals Ltd. (LIO:TSX.V; LOMLF:OTCQX) announced in a news release it began commissioning its newly constructed geochemical assay and metallurgical laboratory at its headquarters on the island of Viti Levu in Fiji. The facility is only 1 kilometer away from the Nadi International Airport...Read More
The latest drill results are delivered and interpreted in an iA Securities report. In an Aug. 1 research note, analyst George Topping reported that iA Securities raised its target price on Wesdome Gold Mines Ltd. (WDO:TSX) to CA$7.50 per share from CA$7 because definition drilling in the Kiena project's Deep A zone "continues to yield excellent results." The current share price is around CA$7.08....Read More
Technical analyst Clive Maund describes how the takeover deal has and will affect stock prices for both companies. Our assessment of Terraco Gold Corp. (TEN:TSX.V; TCEGF:OTCPK) in prior updates was that it was undervalued and a takeover candidate, an assessment that has since been proven correct as it is merging with Sailfish Royalty Corp. (FISH:TSX.V; OTC:SROYF), to the advantage of the sharehol...Read More
Ferro-chrome market conditions will remain challenging in the near term due to oversupply and macroeconomic factors, Glencore warned on Wednesday August 7.The trader-miner noted an average charge chrome price of 81 cents per lb in the first half of 2019, referencing Fastmarkets' ferro-chrome index 50% Cr import, cif Shanghai, $/Ib contained Cr, down by around 16% year on year.The index has held at...Read More
* Graphic: World FX rates in 2019* Graphic: Trade-weighted sterling since Brexit vote (Adds context, quotes and updates prices)By Olga CotagaLONDON, Aug 7 (Reuters) - Sterling was stuck on Wednesdayaround its weakest levels since 2017, having matched a two-yearlow against the euro, as investors further priced in theprobability of Britain leaving the European Union without a dealin place.Boris John...Read More
Domestic prices for hollow steel sections in both Northern and Southern Europe were flat this week with market activity paused for the summer, sources told Fastmarkets on Wednesday August 7.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?615-630 ($689-706) per tonne on Wednesday, flat week on week.Market participants reported very low levels o...Read More
The Dow still finished in the red, thoughDespite heavy early selling and more weakness in Treasury yields, U.S. stocks managed to pare a large chunk of their losses by the close today, with the S&P 500 and Nasdaq rallying all the way back to finish the day in positive territory. The Dow traded down almost 600 points at its session lows, as fears about the health of the global economy kept buyers o...Read More
Maxar and Weight Watchers both got a boost after earningsStocks are lower again today, as traders fret over sinking bond yields. Three stocks bucking the broad-market trend, however, are Oprah affiliate WW International Inc (NASDAQ:WW) -- formerly known as Weight Watchers -- and biotech issue Paratek Pharmaceuticals Inc (NASDAQ:PRTK), as well as space technology concern Maxar Technologies Inc (NYS...Read More
NFLX has shed 17% this quarterPerhaps the only good that's come out of Walt Disney's (DIS)dismal earnings report was the announcement of its new streaming bundle, where Disney Plus, Hulu, and ESPN Plus can be had for $12.99 a month, starting Nov. 12. This feature -- which is the same price as Netflix's most popular subscription plan -- has put a dent in streaming giant Netflix, Inc. (NASDAQ:NFLX)...Read More
Some traders are attempting to capitalize on pricey FDX putsAlong with broad-market selling pressure, FedEx Corporation (NYSE:FDX) stock is feeling the heat today, after the delivery concern confirmed it will end its ground-delivery contract with Amazon.com (AMZN). The FAANG giant has been building its own delivery network, and FedEx in June warned that ending the duo's partnership will weigh on f...Read More
How stocks perform after the VIX doubles in short orderAfter falling every single day last week, stocks on Monday suffered their worst one-day sell-off of 2019, as the U.S.-China trade war came to a boil. As a result, the Cboe Volatility Index (VIX) -- also known as Wall Street's "fear gauge" -- skyrocketed into territory not charted since early January. In fact, the VIX's surge was so dramatic it...Read More
Both stocks have struggled with the broad market sell-off latelyThe two best Dow stocks in 2019 have been Visa Inc (NYSE:V) and Microsoft Corporation (NASDAQ:MSFT). However, the blue chips have not been immune to the broad-market sell-off in recent weeks. The good news is that these pullbacks could be short-lived, if history is any indicator. Looking at Visa first, the equity has crept back to...Read More
Click to enlarge chartA Pittance for GeniusThe late John Scarne, one of the world great experts on gambling, once wrote a treatise explaining why you can't win at three-card monte. That's the game where a grifter lays three playing cards on a makeshift table, instructing you to follow the queen. He turns them face-down, flipping the queen over now and then to make it easier for you to keep tra...Read More
By: Ira EpsteinGold's 18-DMA now above $1,440+ Read More