With everyone talking about recession, investors desperately need some clues to assess the state of the economy. This is what our today’s article provide you with. We invite you to read it and find out what are the two most important recession indicators – and what is the link between them and the gold prices. With everyone talking about recession, investors desperately need some clues...Read More

Traders are digesting negative headlines about Turkey-U.S. relationsConcerns over relations between Turkey and the U.S. are sending the iShares MSCI Turkey ETF (TUR) sharply lower today. The exchange-traded fund (ETF) was last seen trading down 8.9% at $24.62, setting it up for its lowest close since early January, and the first below the 80-day moving average since around the same time. In the me...Read More

LONDON, 21 February 2019 - BullionVault is named today as a secure way to buy and trade physical gold by the Investors Chronicle, the UK's longest-run personal finance magazine."A number of internet or smartphone apps have emerged allowing people to buy and own physical bullion in a secure jurisdiction," says the magazine. "BullionVault is the longest-established provider of these, having launched...Read More

Nike earnings and an inverted yield curve have stocks selling off todayThe Dow Jones Industrial Average (DJI) is pacing for a weekly loss, which will mark its third in the past four weeks. A modestly bullish start to the week, which resulted in a "golden cross," was quickly halted as a dovish Fed sent big-cap bank stocks spiraling, while Nike's (NKE) post-earnings plunge -- a move not expected by...Read More

Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 204,325115,92968,691186,704302,363459,720486,983 Change from Prior Reporting Period -925-10,502-6,520-5,3251,860-12,770-15,162 Traders 19368815256280176 Small Speculators LongShortOpen Interest 54,44327,180514,163 -3,097-705-15,867 non reportable position...Read More

Tech strength has helped the IXIC outperform in MarchThe Dow Jones Industrial Average (DJI) issitting on a loss for the month of March, recently dragged down by the Boeing (BA) 737 MAX 8 fallout, poorly received Nike (NKE) earnings, and today's inverted yield curve -- often seen as a precursor to a recession. On the other hand, the Nasdaq Composite (IXIC) is still pacing for a monthly gain of roug...Read More

So much for the 2858.75 print in the E-Mini S&Ps earlier this week that I'd said might mark an important top. Thursday's muscular short squeeze impaled this 'Hidden Pivot' resistance, leaving the futures above it at the close. It also put in play an alternative scenario I'd mentioned i.e., a move above 3,000. The chart shows a 'secondary pivot' at 3005.63 that can serve for now as a minimu...Read More

Is it time to prepare for the next financial crisis?Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is going on?Former hedge fund manager, Dr. Steve Sjuggerud, one of the most widely-followed financial analys...Read More

The implementation of tariffs and quotas against US steel and aluminium imports has been heralded and criticized as an unusual trade remedy, with President Donald Trump's administration applying blanket duties rather than more focused - and more typical - anti-dumping and countervailing margins.Section 232 of the Trade Expansion Act of 1962, a cold-war era law, allows the president to place restri...Read More

The Nasdaq is the only index still on pace for a weekly winStocks are tanking this afternoon, with the Dow Jones Industrial Average (DJI) more than 350 points lower following Nike's (NKE) surprising earnings disappointment. In addition, traders are jeering lackluster manufacturing data in both the U.S. and in Europe, as well as the first inverted yield curve since 2007 -- often seen as a precursor...Read More

The brokerage likes the company's 5G investments and recent acquisitionsLumentum Holdings Inc (NASDAQ:LITE) stock is up 2.6% to trade at $53.43, afterJ.P. Morgan Securities raised its rating on the Apple supplier to "overweight" from "neutral," while boosting its price target to $65 from $50. The analyst in coverage gave three reasons for the upbeat attention: a "solid outlook for the telecom bu...Read More

As of March 23, it has been a full year since US President Donald Trump's administration imposed tariffs against imported steel and aluminium under Section 232 of the Trade Expansion Act of 1962, which allows the president to place restrictions on imports on national security grounds.Trump's trade measures have drawn criticism from several US trading partners who argue that these actions violate e...Read More

The brokerage firm expressed concern over marginsWedbush downgraded Lululemon Athletica inc. (NASDAQ:LULU) to "neutral" from "outperform," and cut its price target to $155 from $176 -- a slim 4% premium to last night's close. The analyst in coverage said proprietary data sparked margin concerns, and noted the potential for tame guidance following a volatile February for retail. This bear note come...Read More

Chipotle stock has seen significant improvement since JanuaryShares of Chipotle Mexican Grill, Inc. (NYSE:CMG) are moving higher this morning, last seen up 1% at $676.43. Driving the price action is yet another analyst bull note for CMG, this time out of Wedbush, which upgraded the security to "neutral" from "underperform," and hiked its price target to $640 from $500. The firm said it no longer...Read More

The retailer just appointed George Sherman as its new CEOThe shares of GameStop Corp (NYSE:GME) are up 0.9% at $10.64, after the video game retailer appointed George Sherman as its new CEO. Comments and a subsequent price-target cut from Jefferies are keeping a lid on the gains, though. The analyst slashed its GME target price to $12 from $13, noting the company's current lack of vision. GameStop...Read More

China's importers of stainless steel billet and slab, as well as stainless hot-rolled plate and coil originating from the European Union, Japan, South Korea and Indonesia have been instructed to pay a deposit to the country's customs authorities from Saturday March 23 onward.This is a preliminary measure relating to an ongoing anti-dumping probe into such imports, which is expected to come to a co...Read More

3M gave a presentation to investors yesterday3M Co (NYSE:MMM) yesterday gave a presentation that laid out the company's long-term financial objectives. While the stock initially experienced heavy selling, it eventually closed the day higher. Morgan Stanley apparently wasn't impressed, however, this morning dropping its price target to $199 from $201, saying the negative quarterly trends are backin...Read More

Nike's North American sales figures fell short of expectationsDow Jones Industrial Average (DJI) futures are sharply below fair value this morning, under pressure after retail giant Nike (NKE)reported weaker-than-expected North American sales for its fiscal third quarter. Plus, concerns about slowing global economic growth raised after the Fed meeting earlier this week are being exacerbated today...Read More

Buyers in the United States continued to book pig iron during the week ended Friday March 22 at prices higher than those heard in February, due to a stronger scrap market and lower material availability, Fastmarkest has learned.Fastmarkets' import price assessment for pig iron in the US was unchanged week on week at $365-370 per tonne cfr on March 22.Several cargoes were heard to have been booked...Read More

By: IRA EPSTEINYield curve inversion on the treasury bond markets, market issuing warning signs. Gold gained on the day as the stock market went down. People ran to safe havens:Read More