Medtronic's fourth-quarter earnings and revenue fell short of analysts' estimatesMedtronic PLC (NYSE:MDT) entered the earnings confessional this morning, but came up short of Wall Street's estimates. The shares of the medical technology and services company are down 1.5% to trade at $96.64, after posting fourth-quarter profits of 58 cents and revenue of $6 billion, both well below analysts expect...Read More

This week has been a wild and emotional one and it’s just started! With Monday’s big pop in the stock indexes, the big rally was based on vaccine news and bullish comments from the fed, convincing most traders and investors to be overly bullish this week.My volume flow indicator showed a reading of 10 all day yesterday, which means ten shares were being bought on the NYSE at the ask, t...Read More

By: Ira EpsteinDoes crude oil have much room to rally from here? Gold is not down much from its recent 7-year highs. You can see the tighter range in the market in consolidation..Read More

Mastercard said its employees will not have to return to offices until it is safe to do soMore and more companies are jumping on the trend of allowing their employees to do remote work for the foreseeable future, even as lockdown restrictions are being lifted. The list includes Twitter (TWTR), Visa (V), American Express (AXP), and now Mastercard Inc (NYSE:MA). While not as extreme as Twitter, whi...Read More

The Senate passed legislation that could bar Chinese companies from publicly listing in the U.S. Dow Jones Industrial Average (DJI) futures are down this morning, almost 100 points below breakeven. This fall comes on the heels of news that weekly jobless claims rose by 2.44 million -- just a hair above the 2.40 million estimates -- for what marks now 10 straight weeks of declines. Futures on t...Read More

Here are five Fastmarkets stories you might have missed on Thursday May 21 that are worth another look.The recently opened anti-dumping investigation into Turkish exports of hot-rolled coil to the EU fails to comply with the principles of the Customs Union and Free Trade Agreements between Turkey and the European Commission (EC), the Turkish Steel Producers' Association (TCUD) told Fastmarkets on...Read More

Hebei Steel, China's second-largest steel mill, has finalized its purchase price for June-delivery silico-manganese at 7,400 yuan ($1,042) per tonne, market participants told Fastmarkets on Thursday May 21. The latest price is 100 yuan per tonne, or 1.3%, lower than the purchase price of 7,500 yuan per tonne for May-delivery cargoes.The price from Hebei Steel, which is for cargoes delivered to war...Read More

Copper stocks in London Metal Exchange-registered warehouses in Rotterdam have been steadily rising over May, indicating weak European copper consumption during a period of heightened economic uncertainty. And with manufacturing in the region still reeling from the effect of Covid-19 on supply chains, market participants are pessimistic that improvements will come this year. Total LME stocks in Ro...Read More

The three-month zinc price on the London Metal Exchange tumbled at the close of trading on Thursday May 21, losing some 3.6% in an afternoon downturn, while a fall in US unemployment claims failed to boost market sentiment.Zinc's outright price on the LME closed at $1,983.50 per tonne on Thursday afternoon, falling from an intraday high of $2,048 per tonne, while turnover was strong at more than 9...Read More

Here are five Fastmarkets stories you might have missed on Thursday May 21 that are worth another look.The recently opened anti-dumping investigation into Turkish exports of hot-rolled coil to the EU fails to comply with the principles of the Customs Union and Free Trade Agreements between Turkey and the European Commission (EC), the Turkish Steel Producers' Association (TCUD) told Fastmarkets on...Read More

By Gary Savagehttps://blog.smartmoneytrackerpremium.com/Read More

By Keith Weiner I am writing in response to the comments you made in a letter to investors yesterday, which were widely reported. You have set the gold community afire, with claims that are not new and not true. So I shall attempt to douse the flames. As everyone knows, President Roosevelt outlawed the ownership of gold in 1933. Although gold was legalized in 1975, fears linger today that the...Read More

RambusBefore we look at the charts I would like to go over some challenges that we'll face as the current impulse move in the PM complex continues to move higher. It's not everyday that you will find yourself getting in close to the bottom of a multi month rally. One of the biggest problems I've witnessed over the years, especially with PM stock investors, is they grow complacent as the rally ph...Read More

Copper stocks in London Metal Exchange-registered warehouses in Rotterdam have been steadily rising over May, indicating weak European copper consumption during a period of heightened economic uncertainty. And with manufacturing in the region still reeling from the effect of Covid-19 on supply chains, market participants are pessimistic that improvements will come this year. Total LME stocks in Ro...Read More

Copper stocks in London Metal Exchange-registered warehouses in Rotterdam have been steadily rising over May, indicating weak European copper consumption during a period of heightened economic uncertainty. And with manufacturing in the region still reeling from the effect of Covid-19 on supply chains, market participants are pessimistic that improvements will come this year. Total LME stocks in Ro...Read More

The three-month zinc price on the London Metal Exchange tumbled at the close of trading on Thursday May 21, losing some 3.6% in an afternoon downturn, while a fall in US unemployment claims failed to boost market sentiment.Zinc's outright price on the LME closed at $1,983.50 per tonne on Thursday afternoon, falling from an intraday high of $2,048 per tonne, while turnover was strong at more than 9...Read More

Seaborne iron ore prices rebounded on Thursday May 21 with active trading driven by improving steel production and demand, despite renewed concerns over supplies from Brazil. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $98.26 per tonne, up $1.31 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $101.63 per tonne, up $2.09 per tonne. 58% Fe fines high-grade premium, cfr Q...Read More

By far the most important point to observe is that the unprecedented massive bull market that is now incubating HAS NOT EVEN OFFICIALLY...by Clive Maund of Streetwise ReportsWe are now entering the final part of the endgame of the latest fiat experiment and the actions of the Fed and other central banks virtually guarantee that most currencies, including and especially the dollar, will end up tota...Read More

Although it seems quite likely the top is in, here's what silver price will make it crystal clear...by Przemyslaw Radomski via Sunshine ProfitsThe gold to silver ratio is one of key precious metals metrics to watch. Sometimes, the yellow metals outperforms the white one, and vice versa. How is the relative value of both metals measured against each other doing currently?The gold to silver ratio ba...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.US flat product prices outperformed our expectations over the past month. In an attempt to lend the market confidence that sheet prices had reached a floor, US steel mills announced price increases of $50-60 per ton at the end of April. In the announcement, mills cited the expectation of higher scrap prices, tight domestic s...Read More