A vessel contracted by Brazil-based miner Vale is grounded off the coast of the country's north-eastern Maranh??o state, having suffered damage after leaving the Ponta da Madeira Maritime Terminal earlier this week.Vale's shipments from Ponta da Madeira were not affected by the incident, the miner said late on Wednesday February 26.The ship, a very large ore carrier (VLOC) called MV Stellar Banner...Read More

MSFT remains up 48% in the last 12 monthsAs the Dow continues its historic sell-off, one of the prime culprits this morning is Microsoft Corporation (NASDAQ:MSFT), down 3.3%to trade at $164.64 this morning. The tech icon warned it expects its Windows units to miss their third quarter guidance due to the coronavirus outbreak. Today's drop has Microsoft stock breaching its 50-day moving average for...Read More

Analysts are taking a step back from HAS this morningToymaker Hasbro, Inc. (NASDAQ:HAS) is down 2.8% this morning, just off a fresh annual low of $80.22, after receiving multiple price-target cuts from covering analysts. J.P. Morgan Securities was the first to weigh in, slashing its price to $94 from $113. SunTrust Robinson and Monness Crespi Hardt followed shortly thereafter, lowering their pric...Read More

You know that the oil markets have truly gone to the dogs when they are suddenly riskier than one of the world’s most volatile commodities: bitcoin.   Bitcoin and most cryptocurrencies are synonymous with extreme bouts of volatility. However, it’s crude oil that is now earning that dubious distinction after exhibiting price swings wilder than even the leading cryptocurrency.O...Read More

The company said it has booked roughly $14.1 million orders for its N-95 face mask Alpha Pro Tech, Ltd. (NYSE:APT) is surging in early trading after the firm updated the status of orders for its proprietary N-95 face mask in direct response to the COVID-19 outbreak. APT said it has booked roughly $14.1 million in orders since Jan. 27, an increase of $3.6 million since its previous report last week...Read More

By: Carolyn BorodenGold has potential upside to 1709.41 in the futures (GC) as long as two support areas hold. There's initial support at the recent low near 1626, and a wide cluster of support at symmetry projections between 1614.80 and 1621.30.As long as price holds above one of these two zones, we can begin to look at buy triggers. If price breaks beneath there, we'll back off until furth...Read More

Gold should start another wave of rise. Silver will now behave like a precious metals and not an industrial metal. Even USA is preparing for corona virus outbreak. Lack of demand from global tourism industry should result in crude oil prices sliding. Next week will be a big week for bulls and bears of gold. If economic data releases wins then gold prices will correct more. If corona virus wins t...Read More

Microsoft warned it's taking longer than expected for its supply chain to normalizeDow Jones Industrial Average (DJI) futures are signaling more losses for stocks this morning, as the coronavirus fears continue to sweep Wall Street. Reports this morning point to a possible "community spread" of the virus in California, suggesting it could begin spreading more widely in the U.S. Tech stocks look re...Read More

Myanmar's JFE Meranti has begun operating its color-coating line at Thilawa Special Economic Zone, according to a joint announcement from the company's shareholders.The Japanese-backed company said its hot-dipped galvanizing plant - at the same location...Read More

Sector expert Michael Ballanger charts the latest changes in the markets and prognosticates on when and why silver prices should make a move.One of my good friends from the 1980s and 1990s was the late Ian McAvity, a superb technical analyst, a founder of Central Fund of Canada, a Bay Street Mover and, most importantly, a humble and thoroughly enjoyable man. He was the first newsletter writer that...Read More

The novel coronavirus (2019-nCoV) outbreak in South Korea, the largest export market for Chinese stainless steel, is likely to apply additional pressure on stainless steel prices in Asia, sources told Fastmarkets this week. Although the actual impact will be determined by the severity of the measures that the South Korean government undertakes, buyers are likely to exercise more caution while they...Read More

Here are five Fastmarkets stories you might have missed on Thursday February 27 that are worth another look.A vessel contracted by Brazil-based miner Vale is grounded off the coast of the country's north-eastern Maranh??o state, having suffered damage after leaving the Ponta da Madeira Maritime Terminal earlier this week.Growing Chinese copper output and an imbalance in trade terms between China a...Read More

The London Metal Exchange three-month zinc price trended lower over the course of Thursday February 27, briefly touching an intraday high of $2,057 per tonne before falling to a closing price of $2,012 per tonne amid a turnover of fewer than 10,000 lots.The forward spreads remained favorable for holding onto the galvanizing metal, with the benchmark cash-to-three-month spread recently trading in a...Read More

A vessel contracted by Brazil-based miner Vale is grounded off the coast of the country's north-eastern Maranh??o state, having suffered damage after leaving the Ponta da Madeira Maritime Terminal earlier this week.Vale's shipments from Ponta da Madeira were not affected by the incident, the miner said late on Wednesday February 26.The ship, a very large ore carrier (VLOC) called MV Stellar Banner...Read More

Domestic prices for hot-rolled coil in Northern Europe inched up day on day on Thursday February 27, supported by long delivery times for domestic material and a lack of import offers, sources told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index, domestic, ex-works Northern Europe, was ?,?484.38 ($526.85) per tonne on February 27, up by ?,?0.67 per tonne day on day from ?,?483.71 per to...Read More

Here are five Fastmarkets stories you might have missed on Thursday February 27 that are worth another look.A vessel contracted by Brazil-based miner Vale is grounded off the coast of the country's north-eastern Maranh??o state, having suffered damage after leaving the Ponta da Madeira Maritime Terminal earlier this week.Growing Chinese copper output and an imbalance in trade terms between China a...Read More

Richard Mills, Ahead of the herdWhether it's a Democrat or a Republican installed in the White House this November, you can count on fiscal discipline going out the window. Neither the incumbent, President Donald J. Trump, nor the leading Democratic contender to replace him, Bernie Sanders, appears to give a hoot about shoveling more onto the enormous pile of debt that a few months ago shot past...Read More

Dear Friend of GATA and Gold:A grudgingly approving reference to GATA comes today from the investment research chief of currency trading house BDSwiss, Marshall Gittler, whose essay at FXStreet is headlined "Another 'Risk-Off' day, But with Another Fall in Gold":https://www.fxstreet.com/analysis/another-risk-off-day-but-with-another-...Gittler writes:"The most interesting point of the day, thoug...Read More

By: Carolyn BorodenGold has potential upside to 1709.41 in the futures (GC) as long as two support areas hold. There's initial support at the recent low near 1626, and a wide cluster of support at symmetry projections between 1614.80 and 1621.30.As long as price holds above one of these two zones, we can begin to look at buy triggers. If price breaks beneath there, we'll back off until furth...Read More

Gold should start another wave of rise. Silver will now behave like a precious metals and not an industrial metal. Even USA is preparing for corona virus outbreak. Lack of demand from global tourism industry should result in crude oil prices sliding. Next week will be a big week for bulls and bears of gold. If economic data releases wins then gold prices will correct more. If corona virus wins t...Read More