Such high delinquency rates as early as November indicate more trouble ahead.Continue...Read More
The Critical Investor profiles one of the few companies in the region whose Environmental Impact Assessment has been approved. 1. IntroductionSometimes I come across a familiar name that seems to be around forever, not achieving remarkable highs or lows, just following its course quietly like a small river or creek. In those cases I often look in vain for upcoming catalysts, as such companies usu...Read More
Company has noted that drilling has confirmed the presence of structures and stratigraphy similar to neighboring Turquoise Ridge and Twin Creeks gold mines. Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) announced in a news release it confirmed, through its maiden drill program at Snowstorm in Nevada in 2019, that the structures and stratigraphy there are similar to those at the two nearby gold mines...Read More
The price of stainless steel flat products in the European domestic market was unchanged this week ahead of an expected, but moderate, rise in monthly surcharges for February, sources told Fastmarkets on Friday January 24. Finland's Outokumpu announced that it will raise the alloy surcharge for grade-304 stainless steel flat products for February by ?,?11 per tonne month on month to ?,?1,448...Read More
Key data from the pricing sessions in Europe, the United States and Asia for the week ending Friday January 24. Europe The high-carbon ferro-chrome market rose strongly with some producers reporting increased demand from some end consumers. Production cuts have led to a shortage of lower-priced material to parts of the market, while an increase in offer prices for Indian material has c...Read More
All three benchmarks turned in their worst week in monthsThe Dow limped into the weekend nursing a triple-digit point loss -- its fourth straight drop -- as coronavirus panic gripped Wall Street. The blue-chip index fell over 300 points at its session lows after a second coronavirus case was confirmed in the U.S, but pared a portion of these losses by the close. The S&P 500 and Nasdaq both settle...Read More
The Nasdaq is about to snap a six-week win streakStocks, as of this writing, are pacing to close the holiday-shortened week in the red, which would snap a six-week win streak for the Nasdaq Composite (IXIC). The Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) are themselves set to snap back-to-back weekly win streaks, as traders this week focused on a flurry of earnings releases, more B...Read More
Coronavirus outbreak fears are driving Chinese stocks lowerChinese stocks have taken a hit this week, as coronavirus fears ramp up. Shanghai-based travel firm Trip.com Group Ltd (NASDAQ:TCOM) is one name that's taken a big hit, with the stock down 6.9% today at $31.89, pacing for its fourth straight drop -- its longest losing streak since an eight-day stretch back in November.Against this backdrop...Read More
F5 is expected to report earnings after the close on Monday With earnings just around the corner software developer F5 Networks, Inc. (NASDAQ:FFIV) is gaining some traction today, with a little help from long-term support at the $132 region. The firm is expected to post its fiscal first-quarter earnings after the close on Monday, Jan. 27, and at last check the stock is up 0.9% to trade at $135.20....Read More
The Dow has erased this morning's gains With two cases of the coronavirus in the U.S. now confirmed by the Centers for Disease Control (CDC), stocks are trading back below breakeven at midday. The Dow Jones Industrial Average (DJI) has given up its morning gains and is now sporting modest losses, brushing off earnings wins from both tech name Intel (INTC) and credit card concern American Express...Read More
Put buying has been very popular latelyWhen we last checked in with Under Armour (NYSE:UAA), the stock was reaping the benefits of a bull note. While the athleisure name has done well on the charts since then, it's running head-first into a trendline with bearish implications, if past is present. More specifically, Under Armour stock is trading within one standard deviation of its overhead 160-d...Read More
Credit Suisse is all-in on Square stockSquare Inc (NYSE:SQ) stock is running hot today, after Credit Suisse initiated coverage on the fintech name with an "outperform" rating and an $84 price target -- a 21.3% premium to last night's close. Just last week, Square landed on the brokerage firm's list of companies that could be the "next generation of potential winners" in technology, alongside fello...Read More
FCX gapped lower yesterday after earningsThe shares of Freeport-McMoRan Inc (NYSE:FCX) are down 2.2% to trade at $11.71 this morning after receiving two price-target cuts. J.P. Morgan Securities and Deutsche Bank trimmed their targets to $14 and $13.50, respectively, in response to the copper miner forecasting higher costs in 2020. Yesterday, FCX gapped lower by 2.8% in the wake of its quarterly...Read More
The deal with Apple could generate as much as $15 billion in revenueA announcement that Broadcom Inc (NASDAQ:AVGO) is entering into two separate multi-year agreements, "2020 SOWS," with Apple (AAPL) is giving the shares of the semiconductor concern a boost this morning. These agreements will supply wireless components to the iPhone maker, and could generate as much as $15 billion in revenue for th...Read More
Apparently, there is no limit. This seems especially true right now with all of the “obvious” signs and indicators staring you in the face. It is almost blasphemous to speak cautiously. Better to let your imagination run wild and join in the revelry.I can’t do that. I don’t choose to be dumped into the same cauldron of boiling fantasy with other analysts and advisors, who t...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 374,79357,098141,474212,445564,348728,712762,920 Change from Prior Reporting Period -2,016-4764,355-8,913-6,829-6,574-2,950 Traders 23370845859326186 Small Speculators LongShortOpen Interest 65,11730,909793,829 3,520-104-3,054 non reportable positionsChan...Read More
- Gary TanashianI most often use linear scale charts for stocks, markets and indicators for their more absolute views. But in the case below we conjure up a long-term log scale chart showing the Gold/Silver Ratio (GSR) and the S&P 500 (SPX), as it works better in providing a percentage-based relationship between an indicator of market liquidity and inflation when declining and lack of liquid...Read More
Gary SavageI mentioned at the 2:00 mark that we would probably see an attack this morning. We did indeed get a major attack. A full days volume was thrown at gold before the market had even opened. The closer we get to the FOMC meeting the more dangerous these attacks will become. So I'm still waiting for a close above the Sept. high as confirmation the next leg has begun. (orig. published on J...Read More
Ray Dalio of Bridgewater via Quotefancy? + "Cash is trash" and investors should diversify and own gold as part of a diversified portfolio, world's largest hedge fund manager told CNBC (see news below) at Davos? + For the second time in as many weeks, the world's largest hedge fund, Bridgewater and its founder Dalio is encouraging investors to diversify into gold as a hedge? + The billionaire inv...Read More
By: Ira EpsteinGold bias up, a confused swingline. Gold technicals update:Read More