Turkey's flat steel export volumes rose by 55.37% year-on-year in January, according to the latest data from the Turkish Statistical Institute (TUIK). The main reason for the increase was that the local demand was weak in the country in the last quarter of 2018, when orders to be...Read More
Turkey's import volumes of flat steel decreased by 27.06% year on year in January 2019, according to the Turkish Statistical Institute (TUIK).The country imported 497,487 tonnes of flat steel in January of this year, compared with 682,069 tonnes in January 2018, TUIK statistics showed.Demand for flat steel in Turkey has been weak since August 2018, when United States president Donald Trump doubled...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
As more millennials are interestedin sustainable investments, one "green tech" company is leading the charge on clean drilling.Concerns about climate change and the high cost of energy have driven the maturation of the "Green Technology" movement into a trillion-dollar industry.Socially Responsible Investments (SRIs) are the most popular component of the average millennial's 401K, according to a r...Read More
Vale's chief executive officer Fabio Schvartsman has temporarily stepped down from his position in the wake of a tailings dam collapse at one of its iron ore mines in the Brazilian state of Minas Gerais in January. The miner, on Saturday March 2, named its executive director of base metals, Eduardo de Salles Bartolomeo, as its interim CEO.Three other top executives - including Gerd Peter Poppinga,...Read More
Traders eyed retail earnings and China's stimulus buzzIt was a relatively quiet day on Wall Street following Monday's volatile session, with the Dow exploring a 145-point range on both sides of breakeven. In addition to a fresh batch of retail earnings -- including a positive reaction to Target's (TGT) quarterly results -- traders also digested an economic growth warning and new round of stimulus...Read More
A summary of base metals premiums from across the globe for the week to Tuesday March 5.Please click...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
The 40-day trendline has failed to push the shares back above $22Another retailer ready to take the earnings stage this week is Abercrombie & Fitch Co. (NYSE:ANF), scheduled to report fourth-quarter results before the market opens tomorrow, March 6. Below we will dive into the stock's performance, and take a glance at what the options market is pricing in for ANF's post-earnings trading.Abercromb...Read More
Nickel's three-month price on the London Metal Exchange was up by just under 3% at the close of trading on Tuesday March 5, with bullish sentiment emerging from robust fundamentals, while trade optimism continues to boost risk-appetite amid broad strength in the US dollar index.The metal's three-month price has been the standout commodity across the complex, with its price action climbing over 5%...Read More
The stock just ran into a historically bullish trendlineMatch Group Inc (NASDAQ:MTCH) stock hit a record high of $60.91 on Feb. 7 -- almost doubling its Nov. 20 low of $31.69 in little over a two-month time frame. The online dating concern has subsequently taken a breather on the charts, but the pullback could be a buying opportunity, if recent history is any indicator. MTCH just came within one...Read More
Revlon has landed on the short-sale restricted list todayRevlon Inc (NYSE:REV) stock is selling off today after brokerage firm Jefferies pointed out data from Nielsen showing worsening sales for the cosmetics company. REV shares are trading down 17.7% at $21.05, set for its first close below the 200-day moving average since August, and options volume is running at an accelerated pace. At last chec...Read More
Cowen thinks "Apex Legends" is running out of steamThe Dow is marginally higher today as investors await fresh U.S.-China trade developments. Among stocks making notable moves today, video game maker Electronic Arts Inc. (NASDAQ:EA) and electric car concern Tesla Inc (NASDAQ:TSLA) are lower, while BioNano Genomics Inc. (NASDAQ:BNGO) is higher. Here's a quick look at what's moving the shares of EA...Read More
Export offer prices for wire rod from the CIS region have increased in early March, with suppliers citing reduced availability of the material due to high volumes in earlier bookings, Fastmarkets heard on Tuesday March 5.Recent offers of CIS-origin wire rod were reported within the range of $520-535 per tonne fob Black Sea, depending on the grade, up from $500-510 per tonne fob a week earlier."We....Read More
COT SPECIAL PUBLICATION SCHEDULE Reminder -- Due to the U.S. Government Shutdown (February 1 Announcement) The last COT report was published on December 21, 2018. Reports going forward from that date will be published in chronological order beginning with the report previously scheduled for release on Friday, December 28, 2018 (based on data from Monday, December 24, 2018). The CFTC publ...Read More
By: IRA EPSTEINDaily Gold Chart in a freefall, overdone on the short-term. Gold in the $1,270's looks interesting.Read More
Dear Friend of GATA and Gold:Proceedings in the federal class-action anti-trust lawsuit against JPMorganChase charging the investment bank with manipulating the gold and silver futures markets --http://www.gata.org/node/18844-- have been suspended for three months at the request of the U.S. Justice Department, just as the department has arranged suspension of proceedings in the class-action anti...Read More
Monday's vicious shakedown was poetry in motion. An hour into the session, stocks were falling so hard that you might have thought the world was about to end. Far from it, as suckers who sold into the avalanche were soon to discover. DaBoyz had laid the groundwork for Monday morning's crime spree by goosing shorts the night before. This caused the E-Minis to gap 13 points above last week's highs...Read More
Global economy is slowing. China has lowered its economic growth forecast and also announced a major tax cut. Chinese economy is expected to see a slowest growth in the past three decades. Industrial metals may have formed a short term top. Long term bullishness in selected industrial metals (including silver) is intact. Technically gold needs to trade over $1260 till 11th March to be in short...Read More
The time to invest is now, according to one economist.The man who warned of the 2001 tech crash, the 2008 subprime financial disaster and oil's shocking fall in 2016 - years before they happened - has issued a new earth-shattering statement:"Right now, the markets are giving investors a critical window to rapidly boost their retirement savings before the greatest stock market crash in American his...Read More