Ferro-chrome spot prices in China were unchanged in the week ended Friday November 30 after the drop in tender prices to December from November was smaller than expected. Chinese mills' ferro-chrome tender price falls by 50 yuan ($7) per tonne Chinese imported and domestic ferro-chrome spot prices stable Alloy prices into Japan and South Korea fall High-carbon ferro-chrome price into Europe unmove...Read More
The ammonium paratungstate (APT) market was subdued in the week ended Friday November 30 while the ferro-tungsten price in Europe nudged lower. APT prices in China and Europe stable amid slow trades Concentrates market quiet Ferro-tungsten price in Europe edges down; Chinese prices unchanged In Europe, Fastmarkets assessed the free market ammonium paratungstate price at $275-295 pe...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
Larry Kudlow and Steven Mnuchin waxed optimistic on the U.S.-China truceThe Dow kicked off December with a bang, finishing nearly 300 points higher thanks to optimism generated from the U.S.-China trade truce. The blue-chip index did, however, pare some of its initial gains, after being up 441 points at its early intraday peak. Treasury Secretary Steven Mnuchin also weighed in, expressing optimi...Read More
* STOXX up 1 pct, off highs; DAX up 1.9 pct * China-U.S. trade war truce boosts miners, oil, tech * Car makers Volkswagen, Daimler, BMW rally * Trump says China to cut tariffs on U.S.-made cars * Glaxo suffers worst day in a decade after $5.1 blnacquisition (Adds details, closing prices)By Helen Reid and Danilo MasoniLONDON, Dec 3 (Reuters) - Miners, autos, tech, and oilstocks surged on Monday, dr...Read More
Right now, the demand for marijuana is now through the roof and this small-cap cannabis company could rise as a major player! The marijuana industry is close to wrapping up a very exciting year for investors. Many solid cannabis companies hit major markets expanding their exposure.Also, with former attorney general Jeff Sessions out of office, this could provide the next marijuana boom for U.S com...Read More
Macau's increased gambling revenue is also bolstering WYNNShares of Wynn Resorts, Limited (NASDAQ:WYNN) are up 9.3% this morning, to trade at $119.89, on news of the G-20 summit's temporary U.S.-China trade truce, as well as the recent spike in gambling revenue in the Chinese territory of Macau, where several of the company's operations are located. Specifically, Macau revenue jumped 8.5% in Nov...Read More
Dear Reader,Trading commodities is tough business: It's hard enough to spot a good setup, harder still to time pulling the trigger.Our friends at Elliott Wave International understand this reality -- so, they've put together a free resource for you: They call it, "4 Commodities Ripe for Opportunity -- NOW." Inside, you'll see setups in 4 popular commodity markets -- each with big potential.I think...Read More
CloseGain/LossGold $1230.80+$9.10Silver$14.37+$0.20XAU65.84+2.14%HUI148.35+2.29%GDM540.63+1.67%JSE Gold1104.90+6.09USD97.01-0.18Euro133.48+0.28Yen88.07-0.14Oil$52.95+$2.0210-Year2.984%-0.018T-Bond141.3125+0.15625Dow25826.43+1.13%Nasdaq7441.51+1.51%S&P2790.37+1.09% The Metals: Gold gained $13.10 to $1234.80 by late morning in New York before it drifted back lower into the...Read More
By Greg Hunter's USAWatchdog.comThe International Monetary Fund (IMF) previously deemed Deutsche Bank as the most systemically dangerous bank in the world.Professor of Economics and Law, William Black, knows why and contends:"Deutsche Bank (DB) poses as what is called a 'National Champion' bank and the largest bank by far in Germany, but it's actually the largest criminal enterprise in Ge...Read More
The shares are trading up more than 50% this afternoonOptions traders are making a beeline toward Global Blood Therapeutics Inc (NASDAQ:GBT), after the Food and Drug Administration (FDA) agreed to the company's proposal for an accelerated approval pathway for its sickle cell disease (SCD) treatment, voxelotor. The San Francisco-based firm said it would give more details for its plan to submit a Ne...Read More
JPMorgan Chase and a number of otherbullion banks are in a whole lot of trouble. Evidence detailing years ofrigging markets and swindling clients is piling up. Deutsche Bank pleaded guilty two yearsago and forked over hundreds of thousands of documents. John Edmonds, a formerJPMorgan trader, entered his own guilty plea last month and turned state’sevidence.The carefully cultivated system ofc...Read More
The shares are bumping up against a critical trendlineThe shares of Overstock.com Inc (NASDAQ:OSTK) rallied 23.3% on Nov. 23 -- their best day of 2018 -- amid reports the company plans to focus only on blockchain. The following session, however, the security suffered its worst day in three years, before going on a four-day winning streak. Now, the volatile shares of OSTK could be flashing a sell s...Read More
Report: Scheme could have 'catastrophic consequences' on APHA share priceU.S. stocks are comfortably higher, as traders cheer a cease-fire on the U.S.-China trade war. Among the stocks reacting to the truce is farm equipment concern Deere & Company (NYSE:DE), which is higher on plans for China to buy U.S. agricultural products. Meanwhile, two weed stocks are making huge moves in opposite direction...Read More
Bottledwater is now the most consumed drink sold in a plastic bottle in the UnitedStates. The fact that North Americans don’t think twice about paying up to $5for a bottle of H2O has allowed Nestle Waters - the largest bottled watercompany in the world - to sell $7.4 billion worth in 2016, and that was just forwater, one of dozens of products from chocolate to baby food marketed by theSwiss...Read More
Both names are higher after the U.S. and China agreed to a trade truceEasing trade tensions between the U.S. and China are boosting global markets today, with the Dow up triple digits at last check. And with Morgan Stanley raising its base case for Chinese stocks after the "better-than-expected" outcome of the G-20 summit, e-commerce concerns Alibaba Group Holding Ltd (NYSE:BABA) and JD.com, Inc....Read More
Brazilian steelmakers are concerned that the domestic industry will struggle if President-elect Jair Bolsonaro reduces or does away with import tariffs when he takes office in January 2019, sources told Fastmarkets MB last week.Other market participants, however, do not believe any changes will be done abruptly or without corporate tax reforms. The new federal administration's future minister of e...Read More
Novemberwas the worst month for oil bulls since July 2016. Over the past few weeks, theprice of black gold has dived deeply, sometimes dropping even under the barrierof $50. What impact did this price action have on the long-, medium- andshort-term picture of the commodity?Let's starttoday’s alert with the long-term chart (chartscourtesy of http://stockcharts.com). Looking atthe above chat,...Read More
Global crude steel production volumes continued to rise year on year in October 2018, according to statistics published by the World Steel Association (Worldsteel) on Friday November 23.World crude steel output totaled 156.6 million tonnes in October this year, compared with 148 million tonnes in the corresponding month of 2017. Asia continued to be the single largest steel-producing region, with...Read More
Swiss multinational investment bank, UBS Group, has applied for Category II membership on the London Metal Exchange, according to a note released by the exchange on Thursday November 15. The LME currently has 32 Category II members and the Swiss bank's London subsidiary, UBS Ltd, is already a member. Last month, Chinese broker Nanhua Futures similarly took steps...Read More