Zinc's three-month price on the London Metal Exchange was higher at the close of trading on Wednesday March 20, bolstered by an 11-year low in LME stocks, with the price continuing to approach $2,900 per tonne - a level not seen since July 2018.Total on-warrant material was at its lowest level since 2008 at just 44,300 tonnes, while LME data showed five dominant warrant-holding positions. Three of...Read More
Both DLTR and DG options are attractively priced at the momentEvercore ISI has had a busy morning weighing in on the retail sector. The brokerage firm initiated coverage on Dollar Tree, Inc. (NASDAQ:DLTR) with an "in-line" rating and $105 price target. In addition, Telsey Advisory Group upgraded DLTR to "outperform" from "market perform," while boosting its price target to $117 from $103, followi...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Another brokerage firm is concerned about BBBY marginsEvercore ISI initiated coverage on Bed Bath & Beyond Inc. (NASDAQ:BBBY) with an "underperform" rating and $12 price target -- a discount to last night's close at $13.97. The brokerage firm expressed concern over falling margins and same-store sales, as well as increasing competition from online and discount retailers -- notably, Amazon.com (AMZ...Read More
By: Avi GilburtA few weeks ago, I wrote an article entitled "Bonds Setting Up To Skyrocket," and boy did I get a lot of pushback in the comments section. And, when I see so many who are still very bearish of bonds, it tells me that I am likely on the right track with my expectations for higher in the coming months.First, I want to revisit how we have dealt with bonds over the last three years. O...Read More
By: IRA EPSTEINFOMC today - Fed dot plot will be a focus. Gold stocks need to be careful here, can turn bearish..Copper options at an all-time record:Read More
Goldman Sachs details why it's growing more bearish on MNST and LUVEquity analysts at Goldman Sachs this morning lowered their outlooks on the shares of energy drink giant Monster Beverage Corp (NASDAQ:MNST) and travel concern Southwest Airlines Co (NYSE:LUV). The bear notes have both MNST and LUV stocks trading in the red early on today. Looking closer at MNST, Goldman downgraded its opinion to...Read More
One problem for the gold stock sector was highlighted here and here evidently a little too obnoxiously for the liking of some bugs. The problem was the aggressive bullhorn sounds emanating from every orifice of the gold community the minute the charts broke upward into an obviously bullish technical state.But while the HUI/Gold ratio has been a distinctly positive technical indicator and many bull...Read More
By: Stewart Thomson, Graceland Updates 1. The next US central bank announcement is tomorrow, and whatever happens is win-win for gold.2. If the Fed surprises most analysts and hikes rates, the stock market probably crashes, and gold stocks rally strongly. 3. If the Fed does nothing and makes another statement that QT could end this year, the stock market likely rallies a bit and...Read More
If you've been waiting for Mr. Market to spring the Mother of All Bull Traps, check out today's chart. What a beauty this picture will be if Monday's sharp reversal turns out to be the start of The Big One. Granted, odds of getting the timing of so important a peak exactly right will always be against technical swamis. But the chart has enough going for it that permabears could be forgiven for...Read More
Vancouver, B.C., March 20, 2019 - Zinc One Resources Inc. (TSX-V: Z; OTC Markets: ZZZOF; Frankfurt: RH33 - "Zinc One" or the "Company") announces that it has filed on SEDAR the National Instrument ("NI") 43-101-compliant Technical Report for the Resource Estimate at the Bongar? Zinc Mine project in north-central Peru. The estimate was prepared for the Company by Watts Griffis and McOuat Limited...Read More
Zinc One: Looking For Financing Partners - Fast Into Production After Financing. Interview with Gunther Roehlig at the PDAC:www.zincone.com Read More
The FDA approved SAGE's postpartum depression drug ZulressoThe shares of SAGE Therapeutics Inc (NASDAQ:SAGE) are up 2% at $159.20, after its postpartum depression (PPD) drug, Zulresso, was approved by the Food and Drug Administration (FDA). Some experts' negative comments could be paring back further gains, including Leerink analyst Marc Goodman, who called the new treatment a "niche product" and...Read More
Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason.Coming up Michael Pento of Pento Portfolio Strategies joins me for a must-hear conversation on why he believes central bankers must perpetually keep interest rates near zero -- and the massive inflationary bubble economy that will likely result. Also, find out how Michael is approaching gold and gold related investments for h...Read More
Key data from the Wednesday March 20 pricing session in Europe.Key driversThe European ferro-titanium market has hit a five-month high in the past week, with the rally showing no signs of abating while suppliers struggle to keep up with demand. There is renewed consumer demand for prompt shipment and buying inquiries for second-quarter deliveries. The run-up in prices is set to persist, with $6 pe...Read More
The oilbull still managed to score another day of gains yesterday. A meager advancebut still an advance, one could say. And be forgiven, as they would not havehad examined the full picture. Are we just teasing you now? Come on, therecan’t be possibly more to the story... There is. The scenario that we wroteabout exactly to the day two weeks ago, has come to fruition. The implicationsare far-...Read More
An overview of the noble alloys markets and the reasons for any price moves.Read More
Oil prices are trading lower in pre-market actionDow Jones Industrial Average (DJI) futures are trading cautiously above fair value ahead of the final day of the Fed meeting. While next to no one is expecting an interest rate hike, investors are still keen to hear economic projections from Fed Chair Jerome Powell at a 2:30 p.m. ET press conference. U.S.-China trade talks remain in focus, too, esp...Read More
The major gold minersare grinding higher in a solid upleg, fueling growing interest in this small contrariansector. They’ve mostly finished reportingtheir fourth-quarter results, revealing how they are really faring fundamentally. Collectively the world’s biggest gold minerscontinue to face serious challenges, which often stem from declining production. That makes sto...Read More
Cigarette stocks have been among the best option plays latelyThe Cboe Volatility Index (VIX) is down nearly 50% from the beginning of the year. It's the biggest year-to-date drop at this point in the year in the history of the "fear index" (data back to 1990). In other words, volatility expectations are way down since the beginning of 2019. This is good news for options traders, because it means o...Read More