Platinum, after making what appears to be a wash-out low in August 2018, now looks poised to be a precious metal leader, writes fund manager John Newell at Fieldhouse Capital Management. What is Platinum: Platinum is a precious transition metal that has the chemical symbol Pt and an atomic number of 78 on the periodic table. Platinum is grayish white in color and is often mistaken for silver. Pl...Read More
Ferro-silicon prices in the Chinese domestic market have begun to fall again after a brief period of stability when weak demand in the magnesium sector dragged down the bulk alloy market.For its part, the European ferro-silicon market also dropped in the week to Monday April 29, with producers failing to support prices while consumers continued to settle delivery contracts at ever-lower values. Sl...Read More
Greg Johnson, president and CEO of Metallic Minerals, speaks with Maurice Jackson of Proven and Probable about why he believes the company has all the "key ingredients for success" at its project in the Keno Hill Silver District. Keno HillMaurice Jackson: Joining us today is Greg Johnson, the president, CEO, and a director of Metallic Minerals Corp. (MMG:TSX.V; MMNGF:OTC), which is known for High...Read More
Sector expert Michael Ballanger reviews recent movements in precious metalsand discusses how he is playing the market. Last week I sent out my uber-bullish call on the metals and miners at the conclusion of a period fraught with doom and despair for all things gold and silver. The criminality of the interventionists was in full bloom as they bombed gold down through that critical "Line in the San...Read More
Fastmarkets MB has corrected its monthly alloy surcharges for Europe domestic grade-304 and grade-316 stainless steel cold-rolled sheet (2mm) for April, which were published incorrectly on March 29, 2019 due to an error.The incorrect ranges were published because one of the stainless steel mills - whose surcharges comprise the ranges - was late in publishing them for April. The range for grade-304...Read More
With LME Asia Week fast approaching, Fastmarkets MB takes an in-depth look at one of the topics likely to dominate discussions at this year's event: the growing risk of supply-side headwinds for nickel prices.Nickel prices face considerable downside pressure from increasing supply of two nickel-containing stainless steel raw materials - nickel pig iron (NPI) and nickel plate - as well as an abunda...Read More
The S&P 500 and Nasdaq settled at record-high closesThe S&P 500 kicked off the week with a fresh record high, as investors began gearing up for a busy week of economic and earnings data. Bank stocks were some of the day's best performers, with impressive gains for JPMorgan Chase (JPM) and Goldman Sachs (GS) helping keep the Dow above water, while another strong showing from tech had the Nasdaq tou...Read More
Three stocks could help investors double their money in 2019.2019 could be a game-changer for investors... Especially those looking to potentially double their money.Those investors now have a simple blueprint to follow for success.Simply put, these three stocks could be the best way to make money in 2019 -- whether the markets are flying high, or sinking like a ship.This free Investor's Report re...Read More
The shares are up 19% month-to-dateIt's a relatively quiet day on Wall Street, though the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are fresh off new all-time intraday highs. There are several individual stocks making big moves, including cannabis name Canopy Growth Corp (NYSE:CGC), data center specialist Switch Inc (NYSE:SWCH), and clinical stage biotech Innovate Biopharmaceuticals Inc (NAS...Read More
Market sources surveyed by Fastmarkets last week broadly agreed that the prospects for steel exports out of Turkey remained poor at the end of April, with no recovery likely soon because of trade barriers erected by authorities in the country's principal outlet markets.This will affect steel output in Turkey, with local demand also limited by the country's economic uncertainty and the decline in t...Read More
Take advantage of the first amendment, and participate in a nation-wide poll.With the 2020 election growing ever closer, the country continues to be divided politically.From disputes about the appropriateness of displaying the Confederate flag, to rights for minorities, and the ever-growing concern about security at the U.S. border, the 2020 election promises to be contentious... if not the most c...Read More
NBRV calls have been preferred for some time nowThe shares of Nabriva Therapeutics (NASDAQ:NBRV) are up 3.3% to trade at $2.85 today. Back in January, the company said the Food and Drug Administration (FDA) is expected to decide by tomorrow, April 30, on the approval of Contepo, a urinary tract infection antibiotic. Ahead of the anticipated decision, NBRV's typically quiet options pits have come...Read More
April 26th, 2019(S14-E693)Featured GuestsJohn Williams& Dr. Douglas Vogt.Please Listen HereLIMITED OFFER - FREE $5 IN ONEGOLD DIGITALBLOCKCHAIN EXCLUSIVELY TO GOLDSEEK.COM PATRONS! (Remember to say Goldseek Radio sent you!).John Williams of Shadowstats.com returns to the show with provisos on the domestic economy. Investors are advised to prepare for a recession as soon as the second quar...Read More
By: David Chapman The market keeps chugging higher. Well, maybe chugging is not quite the right word as this past week's markets were decidedly mixed. Decent earnings and a Q1 advance GDP growth of 3.2% year over year, coupled with low inflation, did the trick. The S&P 500 gained 1.2% on the week and closed at a record high although the index did not actually make a new all-time high, falling...Read More
Apologies. As the bull market has ground on endlessly, I might have provided you with a precise target for the elusive Mother of All Tops. Instead, what I've done in recent months is pussyfoot with relatively minor rally targets of limited value. Can you blame me for hoping that one of these little pishers would eventually nail the summit of a runaway bull badly in need of a rebuke? So far, as y...Read More
By: IRA EPSTEINGold technical update: Read More
Plus, 24 more stocks that could shine next month, if past is prologueMost Wall Street veterans are familiar with the saying, "Sell in May and go away" -- an adage based on arguably stale seasonality stats. Traders who don't subscribe to that theory can certainly find bullish opportunities in May. In fact, we've outlinedthe 25 best stocks to own in the month of May, historically, including FAANG na...Read More
ASIAN METALS MARKET UPDATEGold needs to break and trade over $1290-$1292 zone to attract short covering. Spot silver needs to trade over $15.10 to attract short covering. Crude oil needs to trade over $60.00-$60.60 this week to be in bullish zone. Copper is in neutral zone. Japanese markets are closed this week till 5th May. So the sea calm is there in bullion and currencies. US dollar will ga...Read More
How you can transform lagging indicators into leading indicators.Many traders are tired of repeating the same mistakes over and over again, but are unsure how to break the cycle of bad decisions that lead to mediocre, or even poor results.And even the supposed "market gurus" or "experts" don't have the answer... or if they do, it's "all flash and no substance."But there is a REAL solution.While ot...Read More
Steel production has stopped at the Algerian steel mill of Turkish steelmaker Tosyali after a workers' strike began on Wednesday April 24, according to local newspaper reports. Tosyali could not be reached for comment at the time of publication. "Production at Tosyali has stopped, and in the past two or three days, we have seen increased Algerian interest for wire rod imports from Italy and Spain,...Read More