Brazil's Vale has adopted the Fastmarkets MB 65% Fe Iron Ore Index as the reference for the pricing of contract cargoes of its blast furnace and direct-reduction pellets in 2019."The [Fastmarkets MB 65% Fe Iron Ore Index] is the new reference index and the premiums for blast furnace and direct-reduction pellets remained the same as [that in] 2018 - $60 per tonne on average," the miner said on Thur...Read More
The U.S. yield curve extended its inversion. Everyone and their brother knows that recession must definitely be on the horizon. We are all doomed, so gold can only go up now, right? Yield Curve Inversion Gets LargerIt’s getting more serious. On Friday, the yield curve inverted. This week, the spread between long-term and short-term rates has not only remained below zero, but it has dived fur...Read More
If you were to tell the average American back in say the 60's that in 50 years the US would be a "command economy" they would probably react as if you'd lost your mind. Back in those days the Soviet Union was a command economy with the government controlling everything with its notorious "5-year plans". Fast forward to now and the United States and other economic blocs like Europe are in the con...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 Big Picture:The banking cartel, central banks and governments create debts - dollars, yen, pounds, and euros and inject them into economies. Those new currency units make existing units less valuable. They purchase less called devaluation and prices rise. The devaluation process accelerates every year and is unlikely to change (without a huge reset) because it benefits governments and the ba...Read More
By: Gary TanashianOkay, now I am getting geeked out. One of the most fun and rare times in what I do is when something big happens that I feel in my gut means something, but about which I am not able to come forth with a ready explanation of the meaning (without sounding like a know-it-all blowhard). It's time to put the thinking cap on and to reference my wealth of experience (that's another w...Read More
By: IRA EPSTEINGold in a down thrust, but not bearish. Gold remains above the 100-DMA, resistance at $1307.60 level. Momentum is down, bias down but not trend down:Read More
Trend for gold and silver is down at the moment. Demand in Asia will be the key. Look for short covering in gold and silver as the quarter comes to a close. Crude oil is fundamentally bearish. I expect lower demand in Asia in the upcoming quarter. Copper will volatile. 5 reasons why did gold and silver fell this week?1. US dollar gains as it acted as safe haven in currency markets.2....Read More
While Mexico suffered the bloodiest year of violent deaths in 2018, even bigger trouble may be ahead for the embattled country. For the first time in more than 50 years, Mexico has become a net importer of oil. This is undoubtedly bad news for the Mexican Government as it has relied upon its oil revenues to fund a large percentage of its public spending. And, the majority of these revenues...Read More
The stocks are higher after scoring lofty price targetsAnalysts this morning waxed optimistic on biotech stocks Xenon Pharmaceuticals Inc (NASDAQ:XENE), TG Therapeutics Inc (NASDAQ:TGTX), and Viking Therapeutics Inc (NASDAQ:VKTX). In fact, the brokerage firms expect shares of XENE, TGTX, and VKTX to more than double on the charts.XENE Options Attractively PricedXenon stock is up 4.7% to trade at $...Read More
How you can transform lagging indicators into leading indicators.For hundreds of years, since the first stock exchange opened its doors, every trader has been looking for an edge... Some way to predict what will happen next... And hopefully collect a fat "paycheck" at the end of the road.From Bollinger bands to momentum oscillators, technical indicators have been at the forefront of this constant...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
A short squeeze could keep the wind at GLPG's back Galapagos NV (NASDAQ:GLPG) and Gilead Sciences, Inc. (NASDAQ:GILD) stocks are higher this morning, after the companies reported positive data for a jointly developed drug to treat moderate-to-severe rheumatoid arthritis (RA). An analyst at SVB Leerink believes the the drug could be launched by 2020, while H.C. Wainwright has come forward with a p...Read More
The pharma stock just announced updates for two major drug trials for later this yearPharmaceutical concern Seelos Therapeutics Inc (NASDAQ:SEEL) is at the top of the Nasdaq after announcing its 2019 plans. The company anticipates it will dose the first patient with the life-threatening spinal disease Sanfilippo syndrome in a mid-stage trial with the company's experimental Trehalose treatment in t...Read More
Global scrap prices mostly fell in the week from Monday March 25 to Friday March 29, with only prices for exports from the United States rising on steady demand from the key import market of Turkey. Turkish steel producers buy mid-week Turkish demand supports US ferrous scrap export prices Weaker downstream markets hold back Vietnam ferrous scrap prices Taiwanese prices fall on lower bids India pr...Read More
Mount Vesuvius, possibly the world's best known volcano has erupted at least three dozen times since 79 A.D. (Oregon State University : Volcano World) [1]Lava lies inside dormant yet festering under a seemingly unmoving platform until often without warning, when optimal conditions present themselves, it spews up with a mighty force making its' presence known. The lava creates a random path like...Read More
The export price for pig iron from Brazil has improved because of the long lead times for the material, Fastmarkets learnt during the week ended Friday March 29.Fastmarkets' weekly price assessment for pig iron exports from the southeastern Minas Gerais region of the country was $343 per tonne fob on March 29, up from $335-340 per tonne a week before.One deal for 50,000 tonnes of pig iron with 0.1...Read More
Oil futures are rising today, tooDow Jones Industrial Average (DJI) futures are signaling a strong push higher, on renewed U.S.-China trade optimism. More specifically, U.S. Treasury Secretary Steven Mnuchin tweeted about "constructive trade talks in Beijing," with the two sides set to meet in Washington next week. Investors are also digesting a 0.1% monthly drop in the personal consumption expe...Read More
Southeast Asia could be a huge opportunity for AlibabaChinese tech giant Alibaba Group Holding Ltd (NYSE:BABA) is trading up 1.5% before the open, thanks to bullish analyst attention out of Baird. The brokerage firm lifted its price target to $195 from $178, citing what it sees as an undervalued asset in Alibaba's Lazada e-commerce business. Baird pointed to Lazada's footprint in Southeast Asia, a...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