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Company Signs Earn-in Agreement with MATSA, Eyes Gold Projects

December 11, 2019 / www.theaureport.com

The Critical Investor sits down with Avrupa Minerals CEO Paul Kuhn to discuss plans for the company's Alvalade project in Portugal in light of the recent earn-in agreement with Mubadala Investment Company and Trafigura. AlvaladeAs Avrupa Minerals Ltd. (AVU:TSX.V; AVPMF:OTC; 8AM:FSE) finalized the Definitive Agreement with MATSA, a 50:50 joint venture company of Mubadala Investment Company, a pion...Read More

TURKEY STEEL PIPE EXPORTS: Mills raise sales prices further amid costlier feedstock

December 12, 2019 / www.metalbulletin.com

Turkish steel pipe producers have increased their export prices in the past month due to rising raw material costs, sources said on Wednesday December 11.Fastmarkets' monthly price assessment for steel structural pipe export S235JR grade EN10219 2mm wall thickness, fob main port Turkey, was at $540-545 per tonne on Wednesday, up from $515-530 per tonne on November 13.Turkish pipe mills have raised...Read More

China's vehicle output rises in November

December 12, 2019 / www.metalbulletin.com

China's automobile production increased in November on both a year-on-year basis as well as month on month with automakers replenishing their stock ahead of the new year, according to the China Association of Automobile Manufacturers (CAAM).Sales also rose last month in comparison with October, though they were still lower than those sold in November last year.The new energy vehicle (NEV) segment...Read More

Dow Holds Steady After Fed Decision

December 11, 2019 / www.schaeffersresearch.com

The central bank, as expected, made the decision to hold interest rates steady The Dow waffled again today, eventually settling in positive territory, as Wall Street kept its eye on the Fed meeting. The central bank as expected said it would hold interest rates steady for the time being, hinting that no changes in monetary policy may be needed for some time given how low inflation has remained. Wh...Read More

The Dow Stock to Target Down the Stretch

December 11, 2019 / www.schaeffersresearch.com

JPM options can be had for a bargain right nowOne of the best Dow stocks of 2019 turned out to be JPMorgan Chase & Co. (NYSE:JPM), up 38% year-to-date. Although the security is fresh off an annual high of $135.78 on Friday, there's reason to believe JPM could keep climbing into the new year.More specifically, JPM is the only Dow name to show up on Schaeffer's Senior Quantitative Analyst Rocky W...Read More

What Costco Options are Saying About Earnings

December 11, 2019 / www.schaeffersresearch.com

Costo stock is inching lower ahead of the retailer's fiscal first-quarter earnings report It's more of the same for Costco Wholesale Corporation (NASDAQ:COST) stock ahead of the retailer's fiscal first-quarter earnings report, due out after the close tomorrow evening. Since being rejected by the $307 region -- home to its early September record highs -- the stock has been consolidating just south...Read More

3 Reasons We're Targeting a Triple on Stamps.com

December 11, 2019 / www.schaeffersresearch.com

STMP is currently trading above very strong support levels Building on our comments as displayed on the accompanying chart, the price action in Stamps.com Inc. (NASDAQ:STMP) in recent years can be divided into five very distinct periods, viz. 1) An enormous, tenfold rally (though not without its major fits and starts) that drove the shares from the upper-$20s in the spring of 2014 to a peak above...Read More

Dow Dips on Home Depot, Boeing Weakness

December 11, 2019 / www.schaeffersresearch.com

BA and HD are at the bottom of the Dow todayWhile the Nasdaq Composite (IXIC) and S&P 500 Index (SPX) follow this week's flat trading action, the Dow Jones Industrial Average (DJI) is underperforming due to weakness in Boeing (BA) and Home Depot (HD) shares. Semiconductor stocks in particular have been a strong point today, though traders have mostly stayed on the sidelines ahead of this afternoon...Read More

MEIS 2019: Be fair to us, Turkish steelmakers plead [AMENDED]

December 12, 2019 / www.metalbulletin.com

Turkey is calling for a level playing field when it comes to trading with the European Union and the United States, Turkish steelmakers said during a panel discussion at Fastmarkets' Middle East Iron and Steel conference in Dubai.Speaking on Tuesday December 10 in a panel discussion about the protectionism Turkish steel faces in its major steel export markets, panelists said they were on...Read More

Bull Notes Keep Coming After FTSV Stock's Absurd Rally

December 11, 2019 / www.schaeffersresearch.com

FTSV has casually added 500% in two monthsClinical stage immuno-oncology name Forty Seven Inc (NASDAQ:FTSV) has exploded this week, rising from Friday's close of $14.44 to settle at $34.66 yesterday, thanks to a well-received showing at the American Society of Hematology's (ASH) annual meeting (see the company's presentation here). This recent surge is just an acceleration of previously strong pri...Read More

Beyond Meat Heads North of the Border

December 11, 2019 / www.schaeffersresearch.com

There's a lot of skepticism surrounding BYND sharesThe shares of Beyond Meat Inc (NASDAQ:BYND) are up 1.1% to trade at $75.46 today, after the company announced the launching of Beyond Beef in Canada. This is the faux meat concern's first foray outside of the U.S., and had previously linked with McDonald's (MCD) to test a new plant-based burger in Canada using Beyond Meat patties.As the weathe...Read More

Gold ETF Holdings Surge... But Do They Actually Hold Gold? / Commodities / Gold & Silver 2019

December 11, 2019 / www.marketoracle.co.uk

Gold-linked exchange-traded products are growing in popularitywith investors. Assets held by gold ETFs have grown 38% globally in 2019. In October, according to the World Gold Council, gold ETFsattracted $1.9 billion in net inflows to reach a new record high total goldholding of 2,900 tonnes – at least on paper.There is good reason to be skeptical of whether all these “gold”vehic...Read More

Precious Metals Update Video: Swingline is up on Gold

December 11, 2019 / news.goldseek.com

By: Ira EpsteinImpeachment in the news. US/Chinese trade deal still unknown. Gold weekly chart has gone flat. Gold needs to hold above $1,450 area..Read More

Asian Metals Market Update: Dec-11-2019

December 11, 2019 / news.goldseek.com

Everything will depend on trade deal and impeachment news of Trump. UK election result will have only a temporary effect. Traders will start taking positions for early January from next week. Forget your bullish or bearish biases for any investment and be ready to make some good profit. The next four days for the investment world will be similar to playing a T20 cricket match. I was a bit disapp...Read More

Mastercard Stock Extends Gains on Bull Note

December 11, 2019 / www.schaeffersresearch.com

The credit card stock has been on an impressive long-term climb higherCredit and debit card name Mastercard Inc (NYSE:MA) is buzzing this morning, fresh off a bull note from SunTrust Robinson, and news it has begun testing its new digital service that can immediately and securely mark a person's identity in the physical or virtual realm. SunTrust hiked its price target to $340 from $325, marking...Read More

Gold, Silver Reversals, Lower Prices and Our Precious Profits / Commodities / Gold & Silver 2019

December 11, 2019 / www.marketoracle.co.uk

Gold,silver, and mining stocks reversed practically exactly at their double trianglereversal point and the short positions that we opened along with takingprofits off the table from the previous longpositions, became profitable almost instantly. There’s quite a decline to catchhere, and it seems that only a small part thereof had already taken place. PMsReversingTheabove chart clearly shows...Read More

Stock Futures Churn Ahead of Fed Decision

December 11, 2019 / www.schaeffersresearch.com

November inflation numbers rose by a larger-than-expected amountWall Street struggled to gain momentum yesterday, and today's price action could be more of the same. Dow Jones Industrial Average (DJI) futures are churning slightly below fair value, while S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures are signaling modestly higher opens. There's caution ahead of this afternoon's policy...Read More

Home Depot Stock Toppled by Weak Guidance

December 11, 2019 / www.schaeffersresearch.com

Home Depot's 2020 sales growth forecast fell below analysts' estimates Home Depot Inc (NYSE:HD) has taken quite a tumble off its late-November record high of $239.30, thanks in part to a disappointing earnings report,and it doesn't look much better for the retailer today. In fact, the security is down 2% in pre-market trading, after the firm projected between 3.5% and 4% sales growth for 2020, whi...Read More

The Best Stocks to Target as the Decade Closes

December 11, 2019 / www.schaeffersresearch.com

So far this December has been similar to what's been seen in recent yearsOver the past 50 years, December has been the best month of the year for the S&P 500 Index (SPX). In the table below, you see all the gains have occurred in the second half of the month. The broad market index averages a slight loss in the first half of December, but the second half averages a gain of more than 1.5% -- with...Read More

US hot-rolled coil market rolls along; prices remain mostly flat

December 12, 2019 / www.metalbulletin.com

Hot-rolled coil prices in the United States continue to hover around the $28-per-hundredweight ($560-per-short-ton) threshold in a mostly muted market.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $28.04 per cwt ($560.80 per ton) on Wednesday December 11, up by 0.3% from $27.96 per cwt on December 10 and up by 0.4% from $27.93 per cwt a week...Read More

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