Global zinc premiums have been little changed over the past week with a worsening Chinese import arbitrage distorting the marketplace for the world's largest base metals consumer, Fastmarkets heard on Wednesday March 6. European zinc premiums near October 2010 lowUS markets stable with lead and zinc demand healthyChinese markets suffering from arbitrage window. Northern European zinc premiums stay...Read More

The brokerage waxed optimistic on VYGR's gene therapy-based drug candidatesThe shares of Voyager Therapeutics Inc (NASDAQ:VYGR) jumped out of the gate, after Cantor Fitzgerald initiated coverage with an "outperform" rating and a $27 price target -- a 52% premium to last night's close at $17.76. The brokerage firm said the company's gene therapy-based drug candidates for a number of central nervous...Read More

Call open interest is at a 52-week high on CVS CVS Health Corp (NYSE:CVS) has been getting wrecked this year. The stock began its descent back in December, shortly after touching a 52-week high of $82.15, and then it suffered a massive post-earnings bear gap last month, and has continued to slide. In fact, CVS shares closed at their lowest point in over five years yesterday, settling at $54.96. At...Read More

The 2018 trade deficit rose to a 10-year highDow Jones Industrial Average (DJI) futures are below fair value this morning, as Wall Street awaits updates on U.S.-China trade talks. A Bloomberg report indicated President Donald Trump is pressuring officials in Washington to reach a deal soon in the hopes of boosting the stock market. Investors are also digesting the latest ADP employment report, whi...Read More

The current bull market rally turns 10 years old this weekExactly 10 years ago today, the S&P 500 Index (SPX) hit its lowest point of the financial crisis. The index has quadrupled since then. On an annualized basis, the S&P 500 has gained 15% per year over the past 10 years, which has only happened a few other times (we have S&P 500 data since 1929). Looking at the chart below, 15% for 10 years i...Read More

The $22 trillion official national debt is a much discussed problem, even as politicians exhibit zero motivation to do anything about it. But as big an economic overhang as it is, government debt isn't likely to trigger the next financial crisis.Yes, servicing the growing federal debt bubble will depress GDP growth, cause the value of the dollar to drop, and raise inflation risks. But the bubble...Read More

By: Ira EpsteinApril Gold - continuation of thrust to the downside. Some big dumping of positions in this market. Where the market is looking to gain traction is near its 100DMA and..Read More

By: Jordan Roy-Byrne CMT, MFTAThe recent rally showed quite a bit of promise.Gold stocks surged past their long-term moving averages while breadth indicators surpassed all prior bear market peaks (excluding 2016). 71% of the HUI and 81% of GDXJ closed above the 200-day moving average.GDX and GDXJ looked to be on their way to $25 and $37, with Gold approaching $1360/oz and those breadth figures...Read More

By Avi GilburtWhile there is some religious significance in Roman culture, the Ides of March is best known as the date on which Julius Caesar was assassinated in 44 BC at a meeting of the Roman Senate.At the time, a seer named Plutarch (some claim that the seer was named Spurinna) had warned that something would happen to Caesar by that date. For those that know their Shakespeare, on his way to...Read More

It could be the beginning of the global "currency war" after the so called the end of the "trade war". The reason is in the paragraph below. Indirectly nations fight currency war day in and day out. Trump is making it open. Currency war induced by Trump will only speed up the decline in the purchasing power of the US dollar. Trump is the US president for less than two years. By then nations will...Read More

The average analyst price target looks way too high on PXD stockPioneer Natural Resources (NYSE:PXD) has been in a long-term downtrend since peaking above $210 in May. While the security has bounced from its late-December lows, it's run into a potential wall in the form of its 80-day moving average, which could smack PXD even lower. On the fundamental front, the company is in a transition period,...Read More

An overview of the minor metals markets and the reasons for any price moves....Read More

Saudi Arabia announced $20 billion in infrastructure and energy investments for the cash-strapped country of 200 million, which is currently on the brink of financial crisis.Many of the projects are located in Pakistan's impoverished and restive Balochistan region, which lies along the 565-mile border with Saudi arch-rival Iran.Natasha Turak| @NatashaTurakPublished 15 Hours AgoUpdated9 Hours AgoCN...Read More

A free tool can help traders bank big during the upcoming earnings season. Too many investors let their portfolios slip during the busy holiday season, but this is a huge mistake... especially with the market moving events just around the corner!With the crazy market action investors have been seeing lately, right now is the time to prepare to bank big wins.It's important for investors to positio...Read More

Source: Streetwise Reports 03/05/2019NYC's first community solar program figures among the projects, the company says.UGE International Ltd. (UGE:TSX.V; UGEIF:OTC) recently completed several solar project milestones in key markets located in three continents, it announced in a February 28 press release.First among UGE's list of new milestones is what the Toronto-based company described as "the...Read More

Three-month zinc was the only metal price to trade in positive territory on the London Metal Exchange at the close of trading on Wednesday March 6.Prices for the rest of the base metals complex consolidated lower amid broad strength in the US dollar index, while renewed figures on the US trade deficit continued to underscore the slowdown in that country's economy.The three-month zinc price reached...Read More

Gold prices have been consolidating the recent drop from Feb highs, trading just above the 38.2% Fibo target of $1,275/oz. Gold is currently trading at 1286, within a range of between $1,283.74/oz and $1,290.92/oz.  Gold suffered a blow in recent weeks and the theme remains a hindrance for the bulls betting on a weaker greenback and risk-off markets. The sentiment for a trade deal between t...Read More

When the general stock market declined in the previous months, many people called for much higher gold prices, supposedly based on the allure of the safe-haven demand for the yellow metal. And while there is some truth to it as gold would be likely to rally if the US economy got into severe trouble, this simply does not apply to the link between the short-term volatility of the stock market and th...Read More

Dollar's recent climb is putting pressure on gold prices.Eurozone weakness is also adding to metal's short-term weakness.Improved emerging markets outlook should eventually bail gold out.A counter-trend rally in the U.S. dollar index is providing a headwind for gold and will likely keep the metal range-bound below its recent high for a few weeks. In today's report we'll review the factors...Read More

Prices for hollow steel sections in the domestic European market were largely stable on Wednesday March 6 but producer-led increases could take effect soon, market sources told Fastmarkets.Fastmarkets' domestic price assessment for commodity-size, grade-S235 square hollow sections made in Northern Europe was unchanged week on week on Wednesday at ?,?630-650 ($713-736) per tonne delivered."Higher p...Read More