Disney stock is set to resume its long-term climbWalt Disney Co (NYSE:DIS) is in focus this morning following the release of its highly anticipated "The Lion King" remake, which brought in $531 million globally, and $185 million here at home, making it the largest U.S. July movie opening ever. And while critic reviews came in mixed, the film received an 89% score from audiences on Rotten Tomatoes,...Read More
I have been going over the past data to attempt to identify future price targets and to help traders understand the true potential for the current precious metals price rally. We’ve been sharing our data and research with you for many months are pleased to continue to share our predictive modeling system’s outputs and data. Today, we wanted to play a bit of “what if&r...Read More
A big impulse move that we are currently experiencing right now in the PM complex is separated by several small consolidation patterns that make up the entire impulse leg. Its these small consolidation patterns that give life to a big impulse move because without these little rest stops along the way the impulse move would burn itself out. One should welcome and anticipate these small consolidatio...Read More
This is the second upgrade the stock has seen in as many weeksThe shares of Stitch Fix Inc (NASDAQ:SFIX) have swung 3% higher this morning to trade at $27.70, after Stifel upgraded the online personal styling name to "buy" from "hold," saying recent weakness in the retail stock creates an "attractive entry point." The brokerage firm also sees growth opportunity in the U.K., and thinks new features...Read More
The pre-Fed meeting week is packed with earnings reports from big namesWith investors turning a hopeful eye to an earnings-packed week, Dow Jones Industrial Average (DJI) futures are tacking on gains, following Friday's choppy trading session. Specifically, investor focus will be turned towards upcoming quarterly reports from several FAANG stocks, including Amazon (AMZN) -- which just got a price-...Read More
A closer look at the small-cap chart pattern that "screams indecision""Do not be surprised if round numbers like SPX 3,000 and Dow Jones 27,000 act as barriers in the short term. For what it's worth, SPX 3,008 is around 20% above the 2018 close, and could act in concert with SPX 3,000 as resistance. There was evidence of this resistance on Wednesday and Thursday, as the SPX effectively went sidewa...Read More
China is imposing anti-dumping duties on imports of stainless steel billet, slab, hot-rolled plate and coil produced in the European Union, Japan, South Korea and Indonesia, the country's Ministry of Commerce said on Monday July 22.The duties will apply for five years beginning on July 23 after a final ruling in an anti-dumping investigation found that the imports caused substantial dama...Read More
Eastern China steelmaker Shagang has rolled over the list prices for its rebar and wire rod booked and shipped in late July.The mill is selling its HRB400 16-25mm rebar at 4,170 yuan ($606) per tonne over the July 21-31 period, unchanged from the previous period, it said on Sunday July 21. Shagang also kept its price...Read More
July 19th, 2019(S14-E705)Featured GuestsBill Murphy& Bob HoyePlease Listen HereInterview RecapBill Murphy of GATA.org returns to the show with fresh insights on the recent PMs shares rally that continues to parallel the success of the US shares. One positive contrarian indicator, coin shop owners are telling our guest that demand remains sluggish, despite the strong upward market activity. Joh...Read More
- PlungerThis weekend I would like to review the state two markets. The general stock market and the precious metals market. Following this I will give an update on Plungers Core-7 portfolio.Consider this report an opportunity to read an alternative view of the markets. My views of the major averages are certainly at odds with consensus opinion. Furthermore, they are also at odds with th...Read More
It's a case of "so far so good" for gold, which is breaking out on schedule from its giant complex Head-and-Shoulders base that may also be classified as a Saucer base, as can be seen on its latest 10-year chart...On the 4-year chart we can see that gold's breakout move last month has resulted in its becoming overbought, which partly explains why is hasn't gone anywhere in recent weeks. This is...Read More
Traders dumped stocks in the final hour on Friday, hinting that there actually is a threshold at which bad news begins to matter. For one, Black Rock, arguably the smartest money on the planet, reported a 7% drop in profits. If they can't cut it, is there any hope for the rest of us? In the Middle East, Iran was doing more than merely rattling its saber: agents of the mullahs boarded and seize...Read More
Nickel's three-month price on the London Metal Exchange fell by 3% over the afternoon but held above the $14,000 per tonne support level at the close of trading on Monday July 22, while a predominantly negative complex was upended by tin's 1.3% climb. Nickel's three-month price closed at $14,300 per tonne, while tin futures closed slightly higher on the day at $17,900 per tonne, having reached an...Read More
The Turkish domestic scrap markets remained mostly quiet last week due to the slow finished steel markets and the seasonal summer slowdown, sources said on Monday July 22.Steel mills kept their buy prices for auto bundle scrap flat, and ship scrap prices were also stable.Fastmarkets' weekly price assessment...Read More
Gold is robust and sometimes anti-fragile making it a great addition to any portfolio especially with an uncertain future.Expanding debt in the corporate and government sector eludes to an uncertain future.Owning tangible gold is the best method for hedging.I have increased my position in gold because I feel uncertainty about the future has increased. Gold has long been a commodity that is robust...Read More
A Turkish steel mill has completed the purchase of a new deep sea cargo, moving import prices into the country upward, sources told Fastmarkets on Monday July 22.News of this cargo came to light on Monday but it was reported to have sold on July 19.A steel mill in the Marmara region bought a Baltic Sea cargo comprising 30,000 tonnes of HMS 1&2 (80:20) at $295...Read More
Production for the 2Q'19 was solid with an estimated 14,859 Oz Au Equivalent, up 36.9% sequentially and up 18.2% compared to the same quarter a year ago.Those numbers also include 1,678 Au Oz and 972 Ag Oz from Isabella Pearl first production. Future growth is tremendous with the new Isabella Pearl mine.Gold Resource has an excellent financial position and run by prudent management, which is...Read More
Fastmarkets has changed the frequency of publication of its fob Guinea and fob Brazil bauxite price assessments to monthly from fortnightly. Following a one-month consultation, the Bauxite, fob Kamsar, Guinea and Bauxite, fob Trombetas, Brazil price assessments will now be published on the third Thursday of every month at 2-3pm London time. The next publication of these prices will be Thursday Aug...Read More
Here are five Fastmarkets MB stories you might have missed on Monday July 22 that are worth another look.The wide differential between ferro-vanadium prices in China and Europe has prompted some European vanadium suppliers to deliver their cargoes to China to take advantage of the more favorable price in the Asian country, market sources told Fastmarkets. ERG has appointed Telf AG the exclusive of...Read More
That is a considerable weakening of production at the very same time the silver price is experiencing some strength in the market...by Steve St Angelo of SRSrocco ReportAs the silver price continues to break out of its lows, two of the top primary mining companies are experiencing major production declines in the first half of the year. Mexico's Fresnillo PLC and Peru's Buenaventura's top primar...Read More