China's domestic rebar prices retreated on Tuesday July 2 after Tangshan eased its steelmaking restrictions for July.Domestic Eastern China (Shanghai): 4,000-4,030 yuan ($584-588) per tonne, down 30-40 yuan per tonneNorthern China (Beijing): 3,950-3,980 yuan per tonne, narrowed downward by 10 yuan per tonneChina's steel production hub in the northern region released a notice on Tuesday detailing l...Read More
The company remains in the first of a planned two-phase capital improvement project. Yamana Gold Inc. (YRI:TSX; AUY:NYSE; YAU:LSE) announced in a news release its revised guidance for Jacobina in Brazil and an update on its plan to boost production there.Management increased production guidance for 2019 to 152,000 ounces of gold from 145,000 ounces. Guidance for 2020 and 2021 remain 160,000 and 1...Read More
Ferro-silicon prices in China increased sharply in the week ended Friday June 28, following a steady run of five weeks, after lower output and higher futures prices encouraged suppliers to raise their offers ahead of monthly tenders from Chinese steel mills.In Europe, the market has stemmed losses after a sharp fall the week before, but prices are seen as fragile in the near term because some cons...Read More
It was a quiet day of trading ahead of the Fourth of July holidayIt was a quiet day of trading ahead of tomorrow's abbreviated session and the Fourth of July holiday on Thursday, with the Dow exploring a relatively tight 117-point range on both sides of breakeven. Most of the action was to the downside as Wall Street faded upbeat U.S.-China trade headlines from the weekend and reacted to the Trump...Read More
A bearish signal just flashed on the charts for STM, in the wake of yesterday's surgeSTMicroelectronics N.V. (NYSE:STM) saw a huge pop yesterday, on the back of a major rally for the semiconductor sector. The 4.2% bull gap marked STM's fourth consecutive win and its best day in months, too. The stock is threatening to snap its win streak today though, down 1.8% to trade at $18.02, dampened by bro...Read More
One trader may be initiatingmassive short call position in the November seriesChesapeake Energy Corporation (NYSE:CHK) stock is down 3.9% today at $1.88, sinking as oil prices sell off on global demand worries. The big price move has sparked a rush of activity in CHK's options pits, and while most of the action has occurred on the call side, it's got a notable bearish tilt.At last check, 178,086 c...Read More
Take advantage of the first amendment, and participate in a nation-wide poll.With the 2020 election growing ever closer, the country continues to be divided politically.From disputes about the appropriateness of displaying the Confederate flag, to rights for minorities, and the ever-growing concern about security at the U.S. border, the 2020 election promises to be contentious... if not the most c...Read More
A simple way to stop picking losers, and start cashing in like Wall Street's elite.Most traders would never believe that 9 out of 10 trades could be winners.But while it may sound impossible, thanks to a research breakthrough, it may not be as far-fetched as many think.JPMorgan's trading desk produced a 99.52% win rate from 2013 through 2017. That includes 2 straight years without a losing day....Read More
Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason.Coming up we have an interview with Greg Weldon that you absolutely are not going to want to miss. Hear what Greg has to say now about gold after accurately predicting the recent breakdown point to the dollar on this very podcast a little over a month ago. We’ll also get his thoughts on lagging silver, hear his breakdow...Read More
The "Deep State" powers at work could threaten the very backbone of American democracy.A new book may have Washington -- and Wall Street -- squirming in the hot seat.According to the newly-released publication, the dangers to the wealth and well-beings of good, hard-working Americans are now greater than ever!Written by a Washington insider since 1970, this book details how the author believes Ame...Read More
August Gold pulled a Pearl Harbor on bears and skeptics Tuesday, reversing early morning weakness with a surprisingly sharp rally. I'd expected another two weeks of corrective action myself after bullion's impressive run-up in June. However, the chart shows the futures to be bound most immediately for at least 1446.90. If so, that would be a new recovery high and an encouraging sign that even b...Read More
By: Ira EpsteinGold needs to break $1,427.80 then $1,446. Something is brewing in gold:Read More
Stewart Thomson, Graceland Updates 1. Major fundamental processes and events create the large chart patterns seen on the monthly charts. It's important for gold and stock market investors to stay focused on the big picture, both technically and fundamentally.2. To view the big technical picture for gold, please click here now. Double-click to enlarge. 3. Since 2001, my propriet...Read More
By: Ira EpsteinGold 18-DMA support $15 away:Read More
Stocks remained in the grip of a low-grade euphoria Monday, lightened by what is being referred to in the news as a 'thaw' in trade relations between the U.S. and China. No one expected much to happen on the trade front, and nothing much did other, perhaps, than a weekend during which there was no appreciable escalation in the tariff war. In this euphoric phase, stocks have generally wafted hi...Read More
I have to be honest and tell you that I am literally chuckling while I write some of my articles. My last gold article was one where I was certainly chuckling while writing it. Yet, I cannot tell you how many other “analysts” across the internet took me to task for something about which they thought I was being serious. I guess a sense of humor is not something that every reader posses...Read More
Call trading is hot on RVLV, DOVA, and CARS todayU.S. stocks are struggling to gain momentum today due to trade tensions. Meanwhile, three names making big moves are online retailer Revolve Group (NYSE:RVLV), drugmaker Dova Pharmaceuticals Inc (NASDAQ:DOVA), and auto retailer Cars.com Inc (NYSE:CARS). Here's a breakdown of what's moving the shares of RVLV, DOVA, and CARS. Analysts Scramble to Is...Read More
MongoDB just pulled back to a bullish trendline on the chartsDatabase concern MongoDB Inc (NASDAQ:MDB) has been trending higher all year, but caught a real shot in the arm from last month's earnings report that propelled it toward a record intraday peak of $184.78 on June 10. While it's pulled back from those lofty heights,a historically bullish signal just sounded on the charts that suggests MDB...Read More
The S&P is a retreating from yesterday's record highThe Dow Jones Industrial Average (DJI) is churning below breakeven at midday amid lingering global trade tensions. Just as U.S.-China trade talks appeared to be progressing, the Trump administration unveiled a list European Union (EU) goods that could be targeted for additional import duties. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC)...Read More
JCI has been outperforming on the charts for monthsJohnson Controls International PLC (NYSE:JCI) has rallied to fresh highs, bringing its year-to-date gain to almost 40%. The shares recently pushed back former resistance at the $40 level, home to the year-over-year breakeven point, suggesting this breakout could have legs. As such, bulls could still have time to get behind the outperformer. Trader...Read More