"There are three fundamental drivers of the slowdown in the housing market, none of which are likely to soon reverse," the firm said. "(1) mortgage rates have increased Continue...Read More
President Trump told The Washington Post this week that he's "not even a little bit happy" with Fed Chairman Jerome Powell's actions up to this point at the Federal Reserve.Continue...Read More
Illegal gold mining is reaching new record highs in Venezuela as their currency collapsesContinue...Read More
More and more economists, analysts and financial writers, 125 in fact, have taken the bold step of projecting the Continue...Read More
A plunge in silico-manganese futures prices on the Zhengzhou Commodity Exchange (ZCE) at the start of this week was driven by weakness in China's steel market, market participants told Fastmarkets. On Monday November 26, trading was suspended for the ZCE's most-traded January silico-manganese futures contract after the price of the contract plunged by 7.1% from the previous trading day's close. Th...Read More
Prices for hollow steel sections in Northern Europe moved down this week following falls in feedstock prices, market participants told Fastmarkets MB.Fastmarkets MB's domestic price assessment for commodity-size, grade-S235 square hollow sections made in Northern Europe was ?,?635-650 ($718-735) per tonne delivered on Thursday November 28, down from ?,?640-660 per tonne delivered on November 21.Th...Read More
Powell: Rates are "just below" neutralThe Dow spent the session in positive territory today, ending with a gain of more than 600 points -- its best day since March. The surge came after the much-anticipated speech from Fed Chair Jerome Powell, in which he indicated that the benchmark interest rate is "just below" neutral -- a far cry from his October statement of being a "long way" from neutral. M...Read More
Evidence of a looming financial crisis may be growing, according to Harry Dent.The man who warned of the 2001 tech crash, the 2008 subprime financial disaster and China's recent stock market decline - years before they happened - has issued a new earth-shattering statement:"The Dow is set to embark on a catastrophic plunge...all the way down to 6,000."Harry Dent recently explained: "Nations are...Read More
Historically, December has been bad for shares of HAS and MATToy stocks are always in focus as the holiday season rolls in, and this year will mark the first without Toys 'R' Us after the company's bankruptcy earlier this year. What's more, toymakers Hasbro, Inc. (NASDAQ:HAS) and Mattel, Inc. (NASDAQ:MAT) are both flashing bearish signals heading into December, if history is any guide. Hasbro Stoc...Read More
The speculation has the car stock breaking out above a key levelThe Dow has shot up more than 500 points this afternoon, as Wall Street reacts to relatively dovish comments from Fed Chair Jerome Powell. Among individual stocks making big moves today are car rental name Hertz Global Holdings Inc (NYSE:HTZ), media giant Discovery, Inc. (NASDAQ:DISCA), and hydrogel specialist Alliqua Biomedical Inc (...Read More
Recent earnings reactions have been poor for WDAYWhen we checked in on Workday Inc (NASDAQ:WDAY) earlier this month, put buying had been picking up, and that trend has only accelerated since. The 10-day put/call volume ratio at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) now stands at 1.75, ranking just 3 percentage points from a 1...Read More
From a high of $77 barely 6 weeks ago the crude oil price has been on a relentless downwards slide, slicing through key support levels all the way to a new low for the year of just $50! A move that NO ONE saw coming! With the key triggering price point coming late October when the oil price failed to hold support at $64. Firstly, a reminder of my forecast expectations for the yearwhich were the fo...Read More
POTUS criticized the Fed chair, per a Washington Post reportThe Dow Jones Industrial Average (DJI) has spent the whole session trading in positive territory -- up triple digits, at last check -- ahead of an early afternoon speech from Fed Chair Jerome Powell. The central bank chief's speech follows harsh comments from President Donald Trump in a Washington Post report about his performance since t...Read More
CloseGain/LossGold $1220.20+$5.20Silver$14.31+$0.17XAU65.52+3.10%HUI147.88+2.90%GDM537.36+2.07%JSE Gold1107.10+1.32USD96.83-0.53Euro113.71+0.76Yen88.13+0.11Oil$50.29-$1.2710-Year3.061%+0.008T-Bond139.625-0.28125Dow25366.43+2.50%Nasdaq7291.59+2.95%S&P2743.78+2.30% The Metals: Gold dropped back to $1211.20 by a little after 9AM EST before it jumped up to $1226.30 in early a...Read More
... GE and GM are both telling us the US economy is in huge troubleby Michael Snyder of The Economic Collapse BlogAmerica's twin economic "generals" are both in very deep trouble.General Electric was founded in 1892, and it was once one of the most powerful corporations on the entire planet. But now it is drowning in so much debt that it may be forced into bankruptcy.General Motors was founded i...Read More
Any news of a deal between the USA and China on the trade war front will result in copper, zinc, lead, nickel and aluminum to rise five percent anytime. The Trump-Xi meeting is on Saturday. Before Saturday, all the speculation will move silver and industrial metals. How to trade in invest in 2019The year 2018 is not yet over. Each day till 31st December, a new economic data release or news/spe...Read More
Gold, silver and miningstocks declined in a quite visible way yesterday, which is in tune with ourprevious expectations. In the previous days it was only silver and miners thatdeclined in a meaningful manner, but yesterday gold joined them, making this asector-wide decline. Is this the groundbreaking decline that we have been writing about for so long? Time willtell, but the earth is already shaki...Read More
Chairman Leonard Riggio may 'participate in the potential sale process'Shares of Barnes & Noble, Inc. (NYSE:BKS) are trading up 3.3% at $7.32 today, after a Securities and Exchange Commission (SEC) filing indicated Executive Chairman -- and the firm's biggest shareholder -- Leonard Riggio "is evaluating, and may participate in, the potential sale process" of the company. Early last month, BKS stoc...Read More
The equity is already pacing for its best month in four yearsWhile the S&P 500 Index (SPX) is on pace for a second straight monthly loss, the airline sector has been flying above broad-market headwinds. In fact, Alaska Air Group, Inc. (NYSE:ALK) stock has added more than 20% so far in November, and is pacing for its best month since October 2014. What's more, ALK shares could extend their uptrend...Read More
Former Trump campaign manager Paul Manafort has responded to a "totally false and deliberately libelous" report in The Guardian that he had several meetings withContinue...Read More