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LIVE FUTURES REPORT 05/03: Strong volumes bolster LME Ni on 2.8% climb; Cu, Zn recover losses

March 06, 2019 / www.metalbulletin.com

Nickel's three-month price on the London Metal Exchange was up by just under 3% at the close of trading on Tuesday March 5, with bullish sentiment emerging from robust fundamentals, while trade optimism continues to boost risk-appetite amid broad strength in the US dollar index.The metal's three-month price has been the standout commodity across the complex, with its price action climbing over 5%...Read More

Bull Signal Could Light Up Match Stock This Month

March 05, 2019 / www.schaeffersresearch.com

The stock just ran into a historically bullish trendlineMatch Group Inc (NASDAQ:MTCH) stock hit a record high of $60.91 on Feb. 7 -- almost doubling its Nov. 20 low of $31.69 in little over a two-month time frame. The online dating concern has subsequently taken a breather on the charts, but the pullback could be a buying opportunity, if recent history is any indicator. MTCH just came within one...Read More

Call Buyers Place Bets During Revlon Sell-Off

March 05, 2019 / www.schaeffersresearch.com

Revlon has landed on the short-sale restricted list todayRevlon Inc (NYSE:REV) stock is selling off today after brokerage firm Jefferies pointed out data from Nielsen showing worsening sales for the cosmetics company. REV shares are trading down 17.7% at $21.05, set for its first close below the 200-day moving average since August, and options volume is running at an accelerated pace. At last chec...Read More

Cowen Pumps Brakes on EA's "Apex Legends"

March 05, 2019 / www.schaeffersresearch.com

Cowen thinks "Apex Legends" is running out of steamThe Dow is marginally higher today as investors await fresh U.S.-China trade developments. Among stocks making notable moves today, video game maker Electronic Arts Inc. (NASDAQ:EA) and electric car concern Tesla Inc (NASDAQ:TSLA) are lower, while BioNano Genomics Inc. (NASDAQ:BNGO) is higher. Here's a quick look at what's moving the shares of EA...Read More

CIS LONG STEEL: Mills raise wire rod offers on reduced availability

March 06, 2019 / www.metalbulletin.com

Export offer prices for wire rod from the CIS region have increased in early March, with suppliers citing reduced availability of the material due to high volumes in earlier bookings, Fastmarkets heard on Tuesday March 5.Recent offers of CIS-origin wire rod were reported within the range of $520-535 per tonne fob Black Sea, depending on the grade, up from $500-510 per tonne fob a week earlier."We....Read More

COT Gold, Silver and US Dollar Index Report - March 5, 2019

March 05, 2019 / news.goldseek.com

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

Precious Metals Update Video: Gold - lower lows, lower highs, market overbought

March 05, 2019 / news.goldseek.com

By: IRA EPSTEINDaily Gold Chart in a freefall, overdone on the short-term. Gold in the $1,270's looks interesting.Read More

Justice Department stalls another class action in gold market rigging, this one against JPM

March 05, 2019 / news.goldseek.com

Dear Friend of GATA and Gold:Proceedings in the federal class-action anti-trust lawsuit against JPMorganChase charging the investment bank with manipulating the gold and silver futures markets --http://www.gata.org/node/18844-- have been suspended for three months at the request of the U.S. Justice Department, just as the department has arranged suspension of proceedings in the class-action anti...Read More

Are These Dirtballs Good, or What?

March 05, 2019 / news.goldseek.com

Monday's vicious shakedown was poetry in motion. An hour into the session, stocks were falling so hard that you might have thought the world was about to end. Far from it, as suckers who sold into the avalanche were soon to discover. DaBoyz had laid the groundwork for Monday morning's crime spree by goosing shorts the night before. This caused the E-Minis to gap 13 points above last week's highs...Read More

Asian Metals Market Update: March-5-2019

March 05, 2019 / news.goldseek.com

Global economy is slowing. China has lowered its economic growth forecast and also announced a major tax cut. Chinese economy is expected to see a slowest growth in the past three decades. Industrial metals may have formed a short term top. Long term bullishness in selected industrial metals (including silver) is intact. Technically gold needs to trade over $1260 till 11th March to be in short...Read More

Man Who Issued 2008 Warning Urging Investors to Act Now

March 04, 2019 / www.schaeffersresearch.com

The time to invest is now, according to one economist.The man who warned of the 2001 tech crash, the 2008 subprime financial disaster and oil's shocking fall in 2016 - years before they happened - has issued a new earth-shattering statement:"Right now, the markets are giving investors a critical window to rapidly boost their retirement savings before the greatest stock market crash in American his...Read More

Put Traders Pounce as Icahn News Levels Hertz Stock

March 05, 2019 / www.schaeffersresearch.com

The activist investor lowered his exposure to the car rental nameHertz Global Holdings Inc (NYSE:HTZ) stock is down 13.5% today at $17.29, after a Securities and Exchange Commission (SEC) filing revealed Carl Icahn cut his stake in the car rental name to 28.91% from 35.27%. This follows yesterday's after-the-close buzz that Morgan Stanley re-offered 5 million HTZ shares for $19.60-$19.65 -- a disc...Read More

Early 2009 Sentiment Signal Flashing Again

March 05, 2019 / www.schaeffersresearch.com

AAII bears have gone into hibernation modeJust a few short weeks ago, the majority of American Association of Individual Investors (AAII) respondents considered themselves bearish on the stock market. However, in the wake of the epic 2019 rally thus far, AAII bears have gone into hibernation, now accounting for just 20% of respondents. That's a bearish exodus Wall Street hasn't seen since 2009, ac...Read More

Gold will keep rising - here are 13 ways to profit from the rally

March 05, 2019 / juniorgoldreport.com

Full Article: Gold will keep rising - here are 13 ways to profit from the rallyBy: Michael BrushGold has rallied 12% since last August, but it's still a buy. So are gold mining stocks. The metal and mining companies look like a good hedge against possible global turbulence, stagflation or recession ahead. Gold is a play on possible dollar weakness, too.Full Article: Gold will keep rising - here...Read More

OM Holdings doubles profit on strong ores, alloys prices

March 06, 2019 / www.metalbulletin.com

OM Holdings doubled its profits in 2018, compared with 2017, due to an increase in traded volumes of ores and alloys and stronger prices, underpinned by consistently high demand, the company said.The Australia-listed manganese and ferro-silicon producer reported an after-tax profit of A$184.7 million ($130.63 million) for the 12 months to December 31, 2018, compared with A$91.4 million for the sam...Read More

Jefferies Thinks This Penny Stock Could Triple

March 05, 2019 / www.schaeffersresearch.com

Jefferies just started coverage with a "buy" rating and a $10 price targetThe shares ofMarinus Pharmaceuticals Inc (NASDAQ:MRNS) are popping today after Jefferies initiated coverage on the penny stock with a "buy" rating and a $10 target price -- nearly three times yesterday's close at $3.56. The brokerage firm believes the pharma company's Phase II postpartum depression data could spark a rally u...Read More

IN CASE YOU MISSED IT: 5 key stories from March 5

March 06, 2019 / www.metalbulletin.com

Here are five Fastmarkets MB stories you might have missed on Tuesday March 5 that are worth another look.The United States Commerce Department launched a Section 232 investigation into titanium sponge imports on Monday March 4 after domestic producer Titanium Metals Corp (Timet) filed a petition in September.Ferro-chrome prices are likely to be supported in the near to medium term by co...Read More

Stocks Cautiously Higher with Trade, Retail Earnings in Focus

March 05, 2019 / www.schaeffersresearch.com

Target reported its best traffic growth in yearsStocks are cautiously higher in afternoon trading, with the Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) a hair above breakeven, at last check. Traders continue to await news regarding a U.S.-China trade deal, and this morning digested a cuteconomic growth target from Beijing. Elsewhere, Wall Street is applaud...Read More

Don't Sweat This FAANG Stock Slump

March 05, 2019 / www.schaeffersresearch.com

NFLX just pulled back to a trendline with historically bullish implicationsWhile Alphabet (GOOGL) climbs in the wake of a big bull note, fellow FAANG name Netflix, Inc. (NASDAQ:NFLX) has tapered off recently, currently mired in a four-day losing streak. However, this pullback could have bullish implications for NFLX, if history is any guide.More specifically, Netflix stock closed yesterday near i...Read More

Stock Futures Inch Higher After Target Earnings

March 05, 2019 / www.schaeffersresearch.com

China lowered its 2019 growth forecastDow Jones Industrial Average (DJI) futures are trading just above fair value this morning, as investors await fresh developments on the U.S.-China trade front. Over in China, though, the government cut its 2019 growth target to its lowest level in 30 years. Traders are also digesting a batch of retail earnings, with Target (TGT) emerging as a big winner thanks...Read More

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