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
A summary of base metals premiums from across the globe for the week to Tuesday October 16.Please click...Read More
A free tool can help traders bank big this earnings season.Financial stocks (JPM, C, and WFC) kicked off earnings season on Friday, and traders need to position themselves now in order to ensure maximum profit from it.One company can help any investor do just that.They've developed a tool that predicts volatility based on earnings announcements.The tool works on select stocks with a 77.6% accuracy...Read More
* Options, NDFs show investors bet on yuan weakening to7/dollar * PBOC insists there is no deliberate currency weakening * Easing monetary policy, rising dollar set up yuan fordeclinesBy Andrew Galbraith and Noah SinSHANGHAI/HONGKONG, Oct 16 (Reuters) - Investors are bettingthat the powerful forces of easier monetary policy at home andunrelenting gains in the U.S. dollar will push China's yuandown...Read More
Dow stocks Goldman Sachs and UnitedHealth are both higher after earningsThe Dow Jones Industrial Average (DJI) is up more than 350 points, on track for its best day in two months, thanks to some strong earnings reports from blue-chips Goldman Sachs (GS) and UnitedHealth (UNH). The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are sporting impressive gains, too, powered by a bouncing tech sector...Read More
LONDON, Oct 16 (Reuters) - Hardline eurosceptics in BritishPrime Minister Theresa May's party are threatening a vote of noconfidence in her leadership within the next couple of weeks,unless she drops her "Chequers" plans for Brexit, the DailyTelegraph reported on Tuesday."If the cabinet does not chuck Chequers I think we will havea vote of no confidence ... by this week, next week....Read More
* Shanghai stocks close weaker, blue-chip CSI300 index down * Gains in Shanghai stocks led by Guirenniao Co Ltd andlosses byShanghai Hongda Mining Co Ltd * China's A-shares are at a 22.82 percent premium overH-shares SHANGHAI, Oct 16 (Reuters) - China stocks reversed earlygains to end lower on Tuesday, after data showed factory-gateinflation had cooled for a third straight month in Septemberamid l...Read More
Export prices for flat steel from the Commonwealth of Independent States were weak on Tuesday October 16, reflecting the downtrend in China's export market for hot-rolled coil (HRC).Fastmarkets' weekly price assessment for CIS-origin HRC exports narrowed to $520-530 per tonne fob Black Sea on October 16, from $515-540 per tonne fob Black Sea a week earlier."Suppliers [in the CIS] have no arguments...Read More
Call and put open interest on HCLP are at their highest points of the past 12 monthsThe shares of fracking specialist Hi-Crush Partners LP (NYSE:HCLP) hit a year-to-date low of $9.43 on Monday, before settling with a slimmer 5.9% loss at $9.64. The downside didn't deter bullish options traders, though, who rolled the dice on a quick move back into double-digit territory for HCLP stock.By the time...Read More
Benchmark initiated coverage on the weed stock with a "buy" ratingWith recreational marijuana slated to become legal in Canada starting tomorrow, Oct. 17, Benchmark initiated coverage on British Columbia-based Tilray Inc (NASDAQ:TLRY) with a "buy" rating and $200 price target -- a nearly 21% premium to last night's close. The analyst in coverage waxed optimistic on the company's early emergence in...Read More
Base metals prices on the London Metal Exchange made mixed movements at the close of trading on Tuesday October 16, broadly supported by a weaker US dollar index and a marginal recovery in global equity markets.Continuing to outperform the rest of the complex, the three-month lead price remains elevated, closing above $2,050 per tonne and up more than 10% from its fresh 2018 low of $1,876 per tonn...Read More
Our senior V.P. of research explains the "confluence of factors" that tripped up stocksSchaeffer's Senior V.P. of Research Todd Salamone stopped by CNBC's Squawk Box this morning, where he explained some of the factors that contributed to last week's brutal stock market sell-off -- including how options mechanics may have played a role heading into October expiration.To watch Todd's full remarks,...Read More
CloseGain/LossGold $1224.90-$0.50Silver$14.66-$0.03XAU70.10-0.50%HUI155.32-0.36%GDM557.73-0.05%JSE Gold1214.12-37.98USD95.06-0.02Euro115.81UNCHYen89.32+0.11Oil$71.92+$0.1410-Year3.157%+0.003T-Bond138.53125+0.25Dow25798.42+2.17%Nasdaq7645.49+2.89%S&P2809.92+2.15% The Metals: Gold gained $7 to $1232.40 at about 9:30AM EST, but it then drifted back lower for most of the rest...Read More
By Ira EpsteinGold might pullback a bit as Risk On mentality in stocks takes hold.https://www.iraepstein.com/ Read More
Source: Michael Ballanger for Streetwise Reports 10/14/2018 Precious metals expert Michael Ballanger discusses the stock market volatility of the last week and what it may mean for precious metals. -->When asked about the dominant theme for the markets last January, I said that the one thing I looked forward to was a return of "VOLATILITY" as the Federal Reserve Board moved to "normalize" t...Read More
There were multiple signs of a climactic volatility event last ThursdayIt was just two short weeks ago in this space that we found ourselves looking askance at the state of the short volatility trade. And in the aftermath of last week's rapid-fire sell-off in stocks -- which was accompanied by the de rigueur spike in the Cboe Volatility Index (VIX) -- it's worth "assessing the damage" by way of a...Read More
Graceland UpdatesBy Stewart Thomson 1. With a technical double bottom pattern as a launchpad, gold continues to move solidly higher while global stock markets get smashed. What comes next for these key markets and what are the main factors at play?2. Please click here now. Double click to enlarge this daily gold chart.3. What began innocently as a bullish non-confirmation be...Read More
As a general rule, the most successful man in life is the man who has the best information By Richard (Rick) Mills The oil price is rising due to the upcoming restrictions on the sale of Iranian oil - the second of a two-part set of sanctions imposed on the Middle Eastern power following the Trump Administration's decision in May to withdraw from the Iran nuclear agreement, known formally as t...Read More
SPX continued losses. CPI slowed down. IMF cut its projection of global growth. What does it all imply for the gold market? Stock Market Turmoil Continues Let's start from the US stock market. In the last edition of the Gold News Monitor, we discussed the Wednesday's stock market turmoil. But the bear market continued later. On Thursday, the SPX extended its losses, declining about 2 percent....Read More
COLORADO SPRINGS, Oct. 16, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Gold Resource Corporation (NYSE American: GORO) (the "Company") reports preliminary production results for the third quarter ended September 30, 2018 of 6,411 ounces of gold, 321,590 ounces of silver and significant base metals. Gold Resource Corporation is a gold and silver producer, developer and explorer with operatio...Read More