Call activity was above the norm on MIME and VOYA on MondayScanning today's market activity, one of the biggest gainers is email solutions specialist Mimecast Ltd (NASDAQ:MIME). The shares were last seen trading up 19.7% at $51.24, already tapping a record high of $51.66, as Wall Street reacts to the firm's quarterly report, which revealed better-than-expected results and an upbeat outlook. A ton...Read More
Is it time to prepare for the next financial crisis?Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is going on?Former hedge fund manager, Dr. Steve Sjuggerud, one of the most widely-followed financial analys...Read More
COT SPECIAL PUBLICATION SCHEDULE Reminder -- Due to the U.S. Government Shutdown (February 1 Announcement) The last COT report was published on December 21, 2018. Reports going forward from that date will be published in chronological order beginning with the report previously scheduled for release on Friday, December 28, 2018 (based on data from Monday, December 24, 2018). The CFTC publ...Read More
Gold mining is one of the very oldest human occupations. The earliest known underground gold mine, in what is now the country of Georgia, dates back at least 5,000 years, when people were just starting to develop written language.Over the centuries, a number of innovations have emerged that disrupted and forever changed how we explore and mine for gold and other metals. Think dynamite, or the st...Read More
By: Dave KranzlerI get a kick out of these billionaires and centimillionaires, like Kyle Bass yesterday, who appear on financial television to look the viewer in the eye and tell them that economy is booming. Kyle Bass doesn't expect a mild recession until mid-2020. Hmmm - explain that rationale to the 78%+ households who are living paycheck to paycheck, bloated with a record level of debt an...Read More
By: Ira EpsteinGold down into important support zone -- Hope for the gold bears ..."April Gold Chart, lower highs and lower lows, down towards the support: $1306.50 area"Read More
By: Clint SiegnerThe battle to end taxation of constitutional money has reached the federal level as U.S. Representative Alex Mooney (R-WV) today re-introduced sound money legislation to remove all federal income taxation from gold and silver coins and bullion.The Monetary Metals Tax Neutrality Act (H.R. 1089) backed by the Sound Money Defense League and free-market activists - would clarify t...Read More
Dear Friend of GATA and Gold:While the law firm superintending the Canadian class-action lawsuit against gold and silver market rigging doesn't seem interested in communicating to the public about the case, GATA is reliably informed that the settlement agreement with Deutsche Bank reported today --http://www.gata.org/node/18857-- is not the end of the case.The lawsuit continues against eight oth...Read More
USA is coercing every nation not to use Huawei5G or any of Huawei telecom gear. USA is now using the threat of trade sanctions on nations using or intend to use Huawei telecom gear. This will be short term bullish for US dollar but in the long term it will sink the US dollar. I will prefer to accumulate more and more physical gold on dips. Better to increase portfolio allocation to hard assets n...Read More
A simple way to stop picking losers, and start cashing in like Wall Street's elite.Most traders would never believe that 9 out of 10 trades could be winners.But while it may sound impossible, thanks to a research breakthrough, it may not be as far-fetched as many think.JPMorgan's trading desk produced a 99.52% win rate from 2013 through 2017. That includes 2 straight years without a losing day....Read More
The outlook for the Brazilian mining industry has become very murky following a major accident in one of Vale's mines and the consequent increased scrutiny on operations by authorities, according to analysts.After Vale, the world's largest iron ore producer, announced it would be taking40 million tonnes per year (tpy) off its output to decommission older tailings dams, local regulators c...Read More
Bernstein upped its EA price target, tooElectronic Arts Inc. (NASDAQ:EA) stock is trading up 4.6% at $101.69, on news the company's battle royale game "Apex Legends" hit 25 million registered users following its release late last week. A price-target hike to $120 from $91 at Bernstein is only fueling the bullish flames, and EA options traders are rushing to get in on the action.Already today, 46,0...Read More
Gold prices were benefiting on Tuesday following a default in the greenback's impressive bull trend and consecutive days of gains that came to an abrupt end today. Gold is currently trading at 1310, below the session highs of $1,312.8/oz2 and up from $1,308.24/oz. The greenback fell to the 23.6% Fibo retracement of the late Jan rally as the market corrects, despite US yields which rema...Read More
A tentative bipartisan budget deal was reached earlier this morningThe Dow Jones Industrial Average (DJI) is up over 300 points at midday, enjoying a steady climb after a tentative bipartisan budget deal was reached to keep the government open beyond the Feb. 15 deadline. Meanwhile, the U.S. and China are progressing on trade talks as negotiations enter the second day in Beijing. The S&P 500 Inde...Read More
Turkey's biggest steel producer, Erdemir Group, reported earnings before interest, taxes, depreciation and amortization (Ebitda) for 2018 of TRY8.302 billion ($1.579 billion*), up 52.24% from TRY5.453 billion for 2017. The group sold 7.482 million tonnes of flat steel products in January-December 2018, down by 1.47% from the 7.594 million tonnes sold in 2017, it said last week. The increase in ear...Read More
Flat steel import prices remained stable during the past week in South America as market participants were waiting to see if price increases from China and the Commonwealth of Independent States (CIS) region would truly materialize.Fastmarkets assessed South American hot-rolled coil import prices at $525-540 per tonne cfr on Friday February 8, the same as a week before. Cold-rolled coil prices rem...Read More
The autonomous Papua New Guinea region of Bougainville has rejected controversial changes to its Mining Act, which were said to be aimed at letting a new company extract the island's riches.The modifications would have jeopardized land rights currently held by Australia's Bougainville Copper Ltd. (BCL), which used to run Panguna, one of the world's biggest open-pit copper operations, shut down by...Read More
The company lowered its first-quarter and full-year guidance Varonis Systems Inc (NASDAQ:VRNS) is already shaping up to be one of the worst stocks on the Nasdaq today -- down 17.5% at $52.79, at last check. The cybersecurity concern last night lowered its full-year and first-quarter guidance, and said it was shifting to a subscription-based model.Now, VRNS is pacing for its worst day since May 201...Read More
Aluminium premiums in Rotterdam continued to have support over the past week from wide contango spreads on the London Metal Exchange, while premiums in Asia, the United States and South America were generally stable amid a lack of buying interest in the spot markets. Rotterdam premiums ticks higher on LME contango Premiums in Japan, South Korea lower on mounting supply China premium steady on lack...Read More
Key levels to watch for FXI as U.S.-China trade talks drag closer to the March deadlineGiven the steady stream of daily "will they-or-won't they" headlines with regard to U.S.-China trade deliberations, it may surprise you to learn that the iShares China Large-Cap ETF (NYSEARCA:FXI) has been unusually subdued on the charts lately. As of Friday, the exchange-traded fund's (ETF's) 30-day historical...Read More