By: Ira EpsteinRead More
NVDA shares have consolidated below $160 recentlyThe shares of Nvidia Corporation (NASDAQ:NVDA) are up 1.9% to trade at $153.36, after the chipmaker agreed to buy Israel-based Mellanox Technologies (MLNX) for $6.8 billion in cash, the largest deal in the company's history. Nvidia reportedly beat out rival Intel (INTC) for the bid in an effort to expand data center technology. However, the company...Read More
BA hasn't had six straight daily losses since NovemberThe shares of Boeing Co (NYSE:BA) are crumbling today, after one of the firm's 737 Max 8 planes run by Ethiopian Airlines crashed over the weekend -- resulting in 157 fatalities, and marking the second deadly crash for this specific plane in the last six months. In reaction, China, Indonesia, and Ethiopian Airlines have grounded 737 Max 8 aircr...Read More
Chrome prices were rising in China in the week ended Friday March 8 due to expectations of higher alloy tender prices for April and lingering concerns about power supplies. UG2 price jumps by $11 per tonne Turkish lumpy chrome ore price stirs Imported and domestic ferro-chrome prices rise in China Alloy prices rise in Japan, South Korea and Europe Alloy prices weaken in US.Chrome ore and ferro-chr...Read More
Axovant stock is pacing for its best day in months The shares of biotechnology concern Axovant Sciences Ltd (NASDAQ:AXGT) are up 54% at $2.28 in early trading after announcing successful phase 2 trial results for itsParkinson's treatment, AXO-Lenti-PD. The news has the penny stock at the top of the Nasdaq and pacing for its best day in months. The equity has filly its early December bear gap in t...Read More
Source: Michael J. Ballanger for Streetwise Reports 03/08/2019Sector expert Michael Ballanger offers his take on how PDAC has affected the gold and silver markets.I was looking over the charts last night (over a fine Merlot and some fava beans), trying desperately to avoid the temptation of attending that embarrassment of capitalism called PDAC. The mining conference held annually in Toronto h...Read More
Stocks extended their short-term downtrend on Friday before bouncing off and closing slightly lower. Investors continued to take profits off the table following the two-month-long advance. Is this a downward reversal or just a correction before another leg higher?The U.S. stock market indexes lost 0.1-0.2% on Friday, as investors continued to take profits off the table following two-month-long adv...Read More
Use gold to protect any IRA, 401(k), or retirement account from a looming financial crisis. Every American needs to learn how to protect and secure their retirement against the worst stock market crash in history, and this IRA/401KInvestment Guide 2019 is one way the average American can help protect their investments in the event of a crisis.Jim Rickards is the nation's most vocal and intellig...Read More
The Chinese domestic ferro-silicon price rebounded last week on short covering due to market worries about a fall in supply the week before, while the European price fell by ?,?10 ($11) per tonne after a recent tender for second-quarter delivery was settled below the spot market price. China market jumps more than 5%Supply worries grip the marketEurope price drops after Q2 settlementUS market drop...Read More
If Friday's close marks a meaningful low, it could be an entry point for bulls"...with 2,800 on many radar screens due to the action around this level that I just described in late 2018, potential buyers may perceive danger at 2,800, potentially flipping the supply-demand equation back in favor of the bears...At the risk of saying, 'this time is different,' perhaps it is best to describe what I se...Read More
The export market for flat steel exports from the Commonwealth of Independent States (CIS) has softened on lower bids from the key outlets, sources told Fastmarkets on Monday March 11.Fastmarkets' weekly price assessment for CIS-origin exports of hot-rolled coil (HRC) was $500-525 per tonne fob Black Sea on March 11, decreasing from $520-530 per tonne fob a week before."Turkish buyers are facing p...Read More
Shrinking demand from the downstream steel sector and the looming expansion of ferro-niobium capacity are likely to be headwinds to Chinese vanadium consumption, Morgan Wu, managing director of Chinese vanadium supplier Hangten Asia, said.A reduction in infrastructure spending in China in 2019 is likely to cause the vanadium market to slow, Wu said during a panel discussion at Fastmarkets' Asian F...Read More
SEMAFO (TSX: SMF) (OMX: SMF) and Savary Gold (TSX-V: SCA) announced today that they have entered into a definitive combination agreement pursuant to which SEMAFO will acquire all of the issued and outstanding common shares of Savary not already owned by it.In a press release, the companies explained that the transaction is being carried out by way of a three-cornered amalgamation, which will be vo...Read More
Here are five Fastmarkets MB stories you might have missed on Monday March 11 that are worth another look.The London Metal Exchange and Fastmarkets launched three new cash-settled derivative contracts on Monday March 11 to provide effective risk management tools for the aluminium, alumina and cobalt markets. The LME is at the heart of yet another warehousing conundrum, with pressure mounting...Read More
Mike Gleason: It is my privilege now to welcome Craig Hemke of the TF Metals Report. Craig is a well-known name in the metals industry and runs one of the most highly respected websites in our space and provides some of the best analysis on banking schemes, the flaws of Keynesian economics, and evidence of manipulation in the gold and silver markets that you will find anywhere. Craig, welcome back...Read More
Gran Colombia Gold (TSX: GCM), the South American country's largest underground gold and silver producer, has increased the mineral resource and reserve estimate for its Segovia mine, located in the northwestern Antioquia mining district.The operation, acquired by Gran Colombia in 2010, has 4% more mineable reserves than what the company had detected by the end of 2017. They now sit at 1.9 millio...Read More
Our researchers have been working overtime trying to help you stay ahead of these market moves. You may recall that we called this current downward price rotation in the US stock market over 25 days ago? You may recall that we called the downside price move in Gold over 40 days ago? Now, we're going to help you understand how to find profits from these movements and how to look for opportuni...Read More
URGENT PAIR WTI CRUDE OIL: UPTREND 5hr CHART This week gold and wti both will be upside, while gold buy will start by taking weekly low , on the other hand wti will continue buy from the current level. 1.BUY XAU/USD (GOLD): ENTRY: 1292.07, TARGET: 1309.29/1315.29, SUPPORT: 1280.02 FXStreet Forex Interactive Chart: ULTRA SPECIFIC CETERIS PARIBUS STRATEGY: “Without strategy a...Read More
The London Metal Exchange is at the heart of yet another warehousing conundrum, with pressure mounting for a ruling on why the linked load-in/load-out (LILO) rule was not activated at end of January despite a large queue of Glencore-owned aluminium appearing at Istim's warehouses in Malaysia.Glencore has lodged an official complaint to the LME to revert the situation and activate LILO as of Januar...Read More
Gold has apparently turned the corner and we were not surprised by the upside move. However, there is more to this than meets the eye. Today, we'll interpret this upswing, the expectations it carries and set it all in the larger context. Yes, it's time to discuss the striking similarity and implications of the 2012-2013 – now link in gold. Its meaning and the likely path forward for...Read More