Never mind that China is the talk of the world, right now, what with the U.S.-China trade war in full swing, I've talked a lot about China's overbuilding bonanza since the Continue...Read More
The buy and hold mantra from Wall Street Carnival Barkers should have died decades ago. After all, just buying stocks has gotten you absolutely crushed in China for Continue...Read More
Jeff Snider (@JeffSnider_AIP), head of global research of Alhambra Investments, calls in to discuss the workings of the modern financial system, and to offer his views on the best ways for investors to position themselves. 1:35 Eurodollars: What they are and why they matter8:20 "There's something wrong here"14:55 Paul Volker and the bond bear market. A mirror to today?18:02 Contrarianism and conse...Read More
As Warren wrote nearly 20 years ago, "it is probably the best single measure of where valuations stand at any given moment." Continue...Read More
The chief economists at investment banks Goldman Sachs and Deutsche Bank have warned their clients that the already priced-in rate cuts this year that marketsContinue...Read More
"This assessment is based on intelligence, the weapons used, the level of expertise needed to execute the operation, recent similar Iranian attacks on shipping, and theContinue...Read More
Jason talks about an interview that billionaire investor, trader and hedge fund manager Paul Tudor Jones gave on Bloomberg today about how gold is his favorite trade for the next 12-24 months. Jones thinks that gold can get to $1700/oz very quickly.New Paul Tudor Interview on Bloomberg Wednesday: https://www.bloomberg.com/news/videos...Jason Burack is an investor, entrepreneur, financial historian...Read More
The price of steel billet imported into Egypt has decreased in the week to June 13 on lower offers due to a lack of domestic demand.Billet producers, from the Commonwealth of Independent States (CIS) in particular, expected demand to pick up after the observance of the Islamic holy month of Ramadan, but the market remained quiet this week.The recent drop in...Read More
Turkish steel billet prices have gone down in the domestic and export markets in line with the weakening cost of scrap, while import billet prices have been stable so far this week, sources said on Thursday June 13.Fastmarkets' weekly price assessment for domestic billet in Turkey was $430-440 per tonne ex-works on Thursday, down from the last week's $440-445 per tonne.Long steel mill Kardemir, in...Read More
Company is in the final stages of determining drill targets. Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) announced in a news release it is finalizing targets for its maiden drill program at its Snowstorm project in Northern Nevada, scheduled to commence before the end of Q3/19.Located 6 kilometers (6 km) and 15 km southwest of Snowstorm, respectively, are the high-grade Twin Creeks and Turquoise R...Read More
The company's cost cutting efforts are addressed in a CIBC report. In a June 6 research note, CIBC analyst Cosmos Chiu reported that Hecla Mining Co. (HL:NYSE) lowered 2019 guidance for its Nevada assets "but offered few insights into a longer-term solution for the operations."The new Nevada numbers for the year are 60,000 ounces (60 Koz) of gold production at an all-in sustaining cost (AISC) of...Read More
Sentiment in the Commonwealth of Independent States (CIS) export billet market deteriorated in the second half of this week, following the drop in import scrap prices in Turkey and a lack of interest from the customers' side."Everyone was expecting huge sales after [the observance of the Islamic holy month of] Ramadan, but there have not been any sales over the past 10 days," an international trad...Read More
* Eurogroup head Centeno urges Rome to respect commitments * Italy risks disciplinary action over debt that could leadtofines * Italy's Tria seeks compromise but offers no new measures (Adds quotes from Dombrovskis, Tria)By Francesco Guarascio and Jan StrupczewskiLUXEMBOURG, June 13 (Reuters) - The European Union's push tobring Italy into line with the bloc's fiscal rules intensifiedon Thursday as...Read More
Domestic stainless steel prices in China ticked up over the past week on gains in nickel futures, but participants still maintain a bearish outlook toward the market for the next few weeks.The Fastmarkets MB domestic price assessment for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 13,900-14,300 yuan ($2,009-2,067) per tonne including value-added tax for the week ended...Read More
A financial re-set could lead to the biggest political event in decades.The American financial system may be headed towards a crisis, unlike anything the U.S. has seen in the last 50 yearsOne financial guru is predicting a political event that could "reset" the financial system in ways that many Americans will never predict -- and it could lead to "a national nightmare."With growing inequality cau...Read More
The best part? It's risk-free. In an explosive report a former Lehman Brothers executive reveals one of Wall Street's most closely guarded investing secrets.The secret?A proven system for turning small sums of cash into vast windfalls of profits-without risking a penny in the stock market.Essentially, this system uses the latest advances in computer science and financial technology to give inve...Read More
How you can transform lagging indicators into leading indicators.For hundreds of years, since the first stock exchange opened its doors, every trader has been looking for an edge... Some way to predict what will happen next... And hopefully collect a fat "paycheck" at the end of the road.From Bollinger bands to momentum oscillators, technical indicators have been at the forefront of this constant...Read More
Disney stock also boosted the DowIt was a bounce-back session for the Dow today, as energy stocks and Disney (DIS) helped the blue-chip index to a triple-digit rebound after a two-day slump. Investors are monitoring the Gulf of Oman, where two tanker attacks sent oil prices climbing -- and subsequently escalatedtensions between the U.S. and Iran. Specifically, Secretary of State Mike Pompeo blamed...Read More
Breaking down a bear put spread on the real estate fundU.S. real estate investment tracker iShares U.S. Real Estate ETF (IYR) is set for its highest close since early 2007, last seen up 0.3% at $89.55. IYR has been climbing the charts this year, so far up nearly 20%, and today rallied as high as $89.64 -- tying its 12-year peak touched on June 7. Aiding the exchange-traded fund's (ETF) rally ha...Read More
Uber's about to snap its five-day losing streakThe shares of LYFT Inc (NASDAQ:LYFT) and Uber Technologies Inc (NYSE:UBER) are both trading higher today, after Evercore ISI initiated coverage on the ride-sharing stocks with "outperform" ratings and lofty price targets ($74 for Lyft; $60 for Uber). The brokerage firm cited "powerful near term catalysts," and an "improving pricing environment." The b...Read More