China's domestic rebar prices moved up further on Tuesday May 19 amid expectations of economic stimulus emerging from the country's annual meetings of policymakers later this week. Domestic Eastern China (Shanghai): 3,560-3,590 yuan ($501-505) per tonne, up by 30 yuan per tonneThe National People's Congress of the Communist Party of China will start its annual meeting on May 22 in Beijing while th...Read More

European high- and low-carbon ferro-chrome prices increased last week, with industry sources reporting around 900 tonnes of done deals for high-carbon material and about half that for more refined-grade material.The high-carbon ferro-chrome price spread narrowed to $0.12 per lb after deals were reported that raised the lower end of the assessment. Deals for around 900 tonnes were reported and...Read More

The blue-chip index skidded into the close at its session lowsYesterday's broad-market optimism was short-lived, as the Dow plodded through a day in the red before bottoming out with a 390 point drop at the close. Weighing on the blue-chip index were corporate reports from Home Depot (HD) -- which suffered an earnings miss -- and Walmart (WMT), which initially surged after its first-quarter repo...Read More

AGI has doubled off its March lows, but could keep climbingLast week, we checked in on a mining stock flashing a bullish signal. And while gold prices have lost some of their luster this week, there's another mining stock flashing a similar signal that's worth looking in to. Data from Schaeffer's Senior Quantitative Analyst Rocky White suggests Alamos Gold Inc (NYSE:AGI) could see more tailwinds...Read More

TDOC has been making a name for itself in the new era of social distancingIt comes with little surprise that telehealth provider, Teladoc Health (NYSE:TDOC), has been making a name for itself in 2020. A leader in the small group of healthcare companies providing services that allow patients to connect to their physician via computer, Teladoc has become a household name in the age of social distanc...Read More

Southwest Airlines is seeing ticket reservations rise againThe shares of Southwest Airlines Co (NYSE:LUV) are up 4% to trade at $28.15 today, after the company announced via press release that ticket reservations have finally legged out ticket cancellations for the month so far. And just recently, Southwest added some flights back to its network which will lead to an overall capacity decline bet...Read More

The security just came within one standard deviation of its historically bullish 80-day moving average Grocery store name Kroger Co (NYSE:KR) has been one of the steadier climbers on the charts of late, up 34.2% in the last year, and well on its way to notching its fourth consecutive monthly win. While the security has pulled back since its March 18, three-year high of $36.84, the shares found so...Read More

The Dow is down 10 points middayFollowing yesterday's best market session in six weeks, the Dow Jones Industrial Average (DJI) is just below breakeven at midday, as investors turn their attention to testimonies by U.S. Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell in regard to the pandemic and progress of the CARES Act. Mnuchin stated that the government is "fully prepa...Read More

Guggenheim downgraded CMCSA to "neutral" from "buy"The shares of Comcast Corporation (NASDAQ:CMCSA) are down 1.1% to trade at $37.68 after a downgrade from Guggenheim to "neutral" from "buy." The analyst said it sees one of Comcast's primary units, NBCUniversal, as "particularly challenged" by the lasting effects of the pandemic on its theme park, filmed entertainment, and advertising businesses....Read More

Advanced Auto Part's first-quarter earnings and revenue missed analysts' estimates Advanced Auto Parts, Inc. (NYSE:AAP) is soaring today, up 7.4% to trade at $140.79 at last check, despite reporting first-quarter earnings and revenue that were lower than Wall Street's estimates. What's instead powering the stock's rally today is the company's same-store sales estimates that markedly improved the...Read More

So here we are, with the sector leading the recovery out of the March crash during still-deflationary times. Inflation? It is not yet anywhere to be found, and that probably has a lot of inflation-centric would-be gold boosters on the sidelines. Someday, when these ladies are in full cheer with inflation signals rising, it will be time for caution.Meanwhile, for years we have stuck to the real fun...Read More

The blue-chip company posted earnings that missed estimates, though its revenue exceeded expectations Home Depot Inc (NYSE:HD) stock is sinking lower this morning after the home improvement retailer posted first-quarter earnings that missed analysts' estimates, after the company spent over $850 million on benefits for employees to ensure its stores and warehouses, deemed essential, were kept runni...Read More

With three very impressive advanced stage silver projects coming online over the next three-four years (Juancipio: 2020, Las Chispas: 2022, and Corani: 2023/2024), what comes after? This leaves very few silver projects to be excited about. There are a very large number of higher-grade deposits that are relatively small (i.e. those owned by Alexco Resource and Aurcana) and a larger number of low-...Read More

By: Ira Epstein Vaccine hopes yesterday helps markets. Gold was initially up on the Fed Chair's comments but then after the vaccine news, it took gold and silver from its highs. But the current set-up...Read More

Home Depot and Walmart reported earnings todayDow Jones Industrial Average (DJI) futures are sitting just below breakeven this morning, after the market notched its best session in six weeks yesterday on news of a possible coronavirus vaccine. Investors are weighing different post-earnings reactions from blue-chips Home Depot (HD) and Walmart (WMT), with the former dragged down by a profit miss...Read More

The gold price made a new 2020 high today and looks poised to take out the nominal all-time high around $1,920 and then challenge $2,000 in the months ahead. Some are even estimating that gold could climb to $3,000 by year-end on account of the nearly $10 trillion in new money/debt/stimulus that is being created in the US alone to fight the pandemic.This 2020 gold price target of $3,000 is a littl...Read More

Precious metals have been on our radar for many months and, if you’ve been paying attention, you probably already know our research suggests Gold and Silver are one of the best investments you can make right now.  Recently, we shared this article suggesting Gold would need to rally above our proprietary Fibonacci Price Amplitude Arc (GREEN Arc) level near $1745 before it would attempt a...Read More

Sales of passenger cars in Europe dropped by 76.32% year on year in April 2020, making it the fourth consecutive month of declines. New car sales in Europe totaled 270,682 vehicles in April 2020, down from 1,143,046 units sold in the corresponding month of 2019, the European Automotive Manufacturers Association (ACEA) said on Tuesday May 19. Read More

Mike Gleason (Money Metals Exchange): It is my privilege now to interview our good friend, Greg Weldon,CEO and President of Weldon Financial. Greg has decades of market research andtrading experience specializing in the metals and commodity markets and he evenauthored a book back in 2006 titled Gold Trading Boot Camp wherewe accurately predicted the implosion of the U.S. credit mark...Read More

Crude oil soared higher yesterday and also intoday’s pre-market trading, which shows you why it was a good idea to remaincautious yesterday, even despite crude oil’s breakdown below the rising supportline.  We previously wrote the following:We saw a tiny breakdown onWednesday, but it was not based on the decisive move lower, but rather based onthe fact that time passed and the ne...Read More