China's domestic rebar prices increased on Friday December 27 on a pick-up in demand ahead of the weekend. Eastern China (Shanghai): 3,640-3,670 yuan ($520-524) per tonne, up 10-30 yuan per tonneNorthern China (Beijing): 3,500-3,530 yuan per tonne, up 10-20 yuan per tonneBuyers encouraged by the gains in the futures market in the past couple of days raised their procurement rates. The...Read More
As Wall Street On Parade has previously reported, JPMorgan Chase has been fingered as the bank that contributed to the Federal Reserve having to Continue...Read More
The Chinese government isn't exactly famous for its honesty and transparency. So when the Chinese regulators are starting to openly report trouble in their banking system, it's time to take notice.Continue...Read More
Gold scammers are alive and thriving around the world. Continue...Read More
"The Fed rate cuts that took place this year, sometimes some of the dollar weakening effect can Continue...Read More
Prices in Southeast Asia's steel billet market remained stable on Friday December 27 amid limited trading activity in the region during the year-end Christmas and New Year festive season. Billet produced in Russia, India, Oman and Qatar were offered at $448-460 per tonne cfr Southeast Asia while market participants estimated that the tradeable price was $445-448 per tonne cfr Southeast Asia. In Vi...Read More
Mine operations and preproduction work continue nonstop, the company stated. Fortuna Lindero ProjectFortuna Silver Mines Inc. (FSM:NYSE; FVI:TSX; FVI:BVL; F4S:FSE) provided in a news release an operational update on its 100% owned Lindero gold project in Argentina."Minor delays and unavailability of vendors due to holidays thwarted our best efforts to place ore on the leach pad prior to year end....Read More
The Canadian junior will stay focused on two primary targets. BTU Metals Corp. (BTU:TSX.V) provided in a news release an exploration update on its Dixie Halo property in Ontario's Red Lake District."The past couple of months have been very exciting with our team uncovering compelling evidence of a significant copper, silver and gold system," CEO Paul Wood said in the release. Regarding the TNT po...Read More
The status and review of a few aspects of this project are provided in a Canaccord Genuity report. In a Dec. 18 research note, Canaccord Genuity analyst Eric Zaunscherb provided updates on Marathon Gold Corp.'s (MOZ:TSX; MGDPF:OTCMKTS) Valentine gold project, including the imminent resource estimate, prefeasibility study and exploration.Regarding the resource update for Valentine in central Newfo...Read More
All three indexes enjoyed weekly gains during the holiday-shorted week, however The Dow, S&P, and Nasdaq all hit record intraday highs today, building on big Christmas week gains. But while the Dow and the S&P maintained this positive momentum through to the close, the Nasdaq snapped its lengthy winning streak, dampened by Netflix (NFLX) stock, which suffered its third daily loss of the week. Amid...Read More
QGEN shares have been making big moves this weekAs we called out in our Midday Market Check newsletter, healthcare concern Qiagen NV (NYSE:QGEN) is seeing accelerated options trading in today's session. The shares are up 2.9% at $33.86, and almost 7,400 calls were on the tape at last check, roughly four times the number expected today. On a closer look, the January 2020 35-strike call that we call...Read More
RAD stock has nearly tripled in the last two weeksRite Aid Corporation (NYSE:RAD) stock has been ripping higher since the drugstore chain reported a third-quarter revenue beat the morning of Dec. 19, while also lowering its full-year net loss outlook. Since its Dec. 18 close at $8.32, RAD shares are up 157% -- including today's 11.6% pop that has the equity trading at $21.42, pacing toward a seven...Read More
The Nasdaq is in the midst of a 12-day winning streakWall Street had a lot to celebrate during the holiday-shortened week. Although Christmas and Christmas Eve led to lower trading volumes, that didn't stop the Dow, S&P 500, and Nasdaq from nabbing record closes left and right. The tech-heavy Nasdaq in particular broke out, and is currently heading toward its 12th straight win. U.S.-China trade op...Read More
The tech-heavy index is headed for a 12th straight daily winThe Dow Jones Industrial Average (DJI) hit a new high out of the gate today, extending a Christmas week rally that's put the blue-chip index on track for a third straight weekly win. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) also tagged fresh peaks today, with the latter index holding above the round 9,000 mark, and pacing towar...Read More
TSLA has soared 144% since early JuneShares of electric car maker Tesla Inc (NASDAQ:TSLA) nabbed a new record high of $435.31 out of the gate, after revealing it will deliver the first 15 Model 3 cars made in its Shanghai factory on Monday. While the shares have since pared those gains to trade up 0.2% at $431.58, today's lift is just another step in a long-term climb for TSLA. The stock now up...Read More
An exodus of short sellers could push FLXN even higherThe shares of Flexion Therapeutics Inc (NASDAQ:FLXN) are near the top of the Nasdaq this morning, up 10.8% to trade at $21.01, and nabbed a new annual high of $22.98 out of the gate. Powering today's surge is a Food and Drug Administration (FDA) updated label approval of Zilretta, the company's osteoarthritis treatment. At least three brokera...Read More
The FDA just approved the company's fast track application for its breast cancer drug yesterdayImmunomedics, Inc (NASDAQ:IMMU) is climbing towards another annual closing high today, up 2.3% at $22.16, after H.C. Wainwright lifted its price target to $31 from $26. This bull note come right on the heels of yesterday's news that the Food and Drug Administration (FDA) accepted the firm's resubmitted B...Read More
The Santa Claus rally is in full swing this yearFresh off a post-Christmas climb to new record highs, Dow Jones Industrial Average (DJI) futures are signaling a nearly triple-digit pop out of the gate this morning. The S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are also on pace for positive opens today, with the Santa Claus rally taking a strong hold this year amid trade tailwinds. The latt...Read More
Silver is expected to begin the next decade newly burnished, through a combination of higher industrial and investment demand, and tightened supply owing to mine production issues and output cuts. As December winds down and precious metals trade volumes dwindle, market analysts including us at Ahead of the Herd are crunching the numbers from 2019 and looking ahead to what the New Year might...Read More
The US stock markets soared in 2019, blasting to dozens of new all-time-record highs. Euphoric traders attributed these massive gains to strong corporate fundamentals and US-China trade-war progress. But the real driver of stocks' astounding ascent was the Federal Reserve's epic extreme easing. A panicking Fed pulled out all the stops to goose and levitate stocks, leaving fake artificial...Read More