Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More
Short selling is a touchy subject. And I can see the industry hate mail coming already. Katusa is heading to the dark side of the industry and joining the short and distort syndicates. Let's get one thing Continue...Read More
Greta Thunberg with no script is a sight to behold. Continue...Read More
"I'm proud the Senate approved legislation today including our Tobacco-Free Youth Act to help address this urgent crisis and keep these dangerous products away from our children." Continue...Read More
We have just witnessed the longest expansion in the country's history - and it's still ongoing. For the first time in U.S history, the economy started and ended an entire decade without entering a recession.Continue...Read More
As Global Debt reached a new record high of $250 trillion this year, gold and silver came briefly back on the radar for investors. After five long yearsContinue...Read More
In this article, I'm going to share the one chart which I think will help us time that next move higher. Continue...Read More
China's rebar prices were unchanged on Friday December 20 in both the domestic and export markets amid weak demand. Eastern China (Shanghai): 3,810-3,840 yuan ($544-548) per tonne, unchangedNorthern China (Beijing): 3,500-3,540 yuan per tonne, unchangedEnd-user demand for rebar is dropping gradually with the year coming to an end. This is expected to persist for the next month.But sellers kept the...Read More
The pig iron import market in the United States has improved with several new deals heard, sources told Fastmarkets in Friday December 20.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US was at $330-335 per tonne on Friday, tightening upward from $328-335 per tonne a week earlier.Several bookings of Russia-origin pig iron with January shipment were...Read More
Bob Moriarty of 321gold describes the investment opportunity in this company. Aurania Resources Ltd. (ARU:TSX.V) has 2 million warrants at $3 due to expire on Dec. 29. Typically, as warrant expiration approaches, warrant holders who are short of cash will sell the shares to exercise the warrants. In anticipation, shareholders have dropped the price of shares from $4.50 on Dec. 4 to $3.40 on Frida...Read More
Bob Moriarty of 321gold provides an update on this junior miner. I did a good piece on GFG Resources Inc. (GFG:TSX.V; GFGSF:OTCQB) back in April, and anyone interested in the company should go back and read it. It doesn't make a lot of sense for me to cover the same stuff again and again. Watching the share price this year has been every bit as exciting as watching paint dry. It was $0.23 when I...Read More
Pig iron export prices from Brazil continue to increase amid new sales, sources told Fastmarkets on Friday December 20.Fastmarkets' weekly price assessment for pig iron export, fob port of Vitoria/Rio was $310-313 per tonne on Friday, up from $305-310 per tonne a week earlier.One cargo was bought at $313 per tonne fob, although at the time of publication it was not confirmed wh...Read More
Indian domestic secondary billet prices rose by 1,400 rupees ($20) per tonne in the week ending December 20 on the rising cost of directly reduced iron (DRI), the main raw material used by Indian secondary billet makers.The price of steel billet domestic, ex-works India was assessed by Fastmarkets on December 20 increased by 1,400 rupees per tonne to 27,400-27,600 rupees per tonne compar...Read More
Brazilian slab export prices remained stable in the week to Friday December 20 amid continued strong demand and prices in most buying regions.Fastmarkets' weekly price assessment for steel slab export, fob main port Brazil was $395-405 per tonne on December 20, unchanged from the previous week.Deals were concluded within the assessment range, mainly to clients in Mexico, Canada and the United Stat...Read More
Indian domestic secondary billet prices rose by 1,400 rupees ($20) per tonne in the week ending December 20 on the rising cost of directly reduced iron (DRI), the main raw material used by Indian secondary billet makers.The price of steel billet domestic, ex-works India was assessed by Fastmarkets on December 20 increased by 1,400 rupees per tonne to 27,400-27,600 rupees per tonne compar...Read More
All three indexes notched new record highs Optimism continued to lead the way on Wall Street, after U.S. President Donald Trump tweeted that he had a "very good talk with President Xi of China concerning our giant Trade Deal." Strong consumer spending data for the third quarter likely also gave markets a boost, along with an unrevised reading for third-quarter GDP. The Dow grabbed a 78-point gain,...Read More
RAD stock has roughly doubled this weekRite Aid Corporation (NYSE:RAD) has been on fire, on pace to roughly double in value this week thanks to the company's better-than-expected earnings and outlook from yesterday morning. RAD stock today is up 25.3% at $14.83, on pace to easily tackle the 320-day moving average for the first time since early 2017. RAD stock will now look to sustain this rally de...Read More
The Nasdaq is in the midst of an eight-day winning streakRecords were broken left and right on Wall Street this week. Tailwinds from last Friday's "phase one" China trade deal have kept the ball rolling, with the Dow and S&P 500 nabbing record closes four out of the five days this week alone. Investors mostly shrugged off off the mid-week impeachment hearings for President Donald Trump, and got...Read More
The CIS export billet market was rather quiet in the week ended Friday December 20, reflecting the approaching holiday period.Offers from CIS mills remained around $420 per tonne fob Black Sea, with some mills starting to offer February casting material.Buying activity has slowed compared with previous weeks because customers in major markets have already purchased the necessary volumes to meet th...Read More
F5 Network is planning on buying Shape Security in a $1 billion cash dealSoftware developer F5 Networks, Inc. (NASDAQ: FFIV) announced earlier today that it plans to buy privately-held security and anti-fraud company Shape Security for approximately $1 billion in cash. As a result, FFIV stock is down 4.1% to trade at $137.81 and hit a two-month low of $132.50 earlier today, with Cowen warning that...Read More