Long term trends take a long time toreverse.  One such trend compares goldmining stocks to the S&P 500 stocks. From 2002 until 2011 gold mining stocks outperformed generic stocks, ascan be seen in the following chart.  (Chartscourtesy Stockcharts.com).      The trend unmistakably featured miningstocks ($HUI) over the S&P 500 stocks. From 2011 until r...Read More

U.S. Overnight Repo Rate Source: www.tradingeconomics.com , www.stlouisfed.orgAs expected, the Fed cut the key banking rate another quarter point this past week to 1.75%-2.00%. It is the second cut this year. Expectations by many are for one more, but there are many who expect the Fed to be done for the year. The Fed as usual was ambiguous. If there is one more, we would not expect it to happe...Read More

Sept. 20th, 2019(S14-E714)Featured GuestsMichael Pento& Bob HoyePlease Listen HereInterview Recap.Bob Hoye, Editor & Chief Investment Strategist of Bob Hoye.com rejoins the show with insights on US Fed.Bob Hoye draws parallels between the declining yield curve today and that of the Great Depression.The global economy could enter an intractable downturn, beginning with a financial market declin...Read More

However, BB stock plummeted after the firm's last quarterly reportBlackBerry Ltd (NYSE:BB) will report fiscal-year earnings ahead of the bell tomorrow. Prior to the announcement, options traders are betting bullishly on the smartphone provider, with BB options flying off the shelves at an accelerated clip today.BlackBerry stock fell 8.8% the session after the company reported earnings in late June...Read More

By: Avi GilburtThe pundits and the media were debating for several weeks leading up to the last Fed meeting about what the Fed was going to do and the effect they thought it would have on the market. And, it amazes that the great majority of the market does not realize how much of a waste of time these debates really are. But, as I often note, many market participants and analysts are simply...Read More

Tonight I would like to start out by looking at the old ratio combo chart that has the GOLD:XAU ratio chart on top with the XAU on the bottom. I’m not going to go over all the details the ratio combo chart has, only to emphasize the 20 year 6 point parabolic arc which shows how gold had been outperforming the XAU until the small double top at 24.33 in late 2015. When the parabolic arc was br...Read More

Both AK Steel and U.S. Steel are surrounded by pessimismJ.P. Morgan Securities weighed in on the steel industry today, and the results weren't pretty. AK Steel Holding Corporation (NYSE:AKS) was downgraded to "underweight" from "overweight," while United States Steel Corporation (NYSE:X) saw its rating cut to "neutral" from "overweight," and price target trimmed to $14 from $26. The brokerage...Read More

RambusTonight I would like to start out by looking at the old ratio combo chart that has the GOLD:XAU ratio chart on top with the XAU on the bottom. I'm not going to go over all the details the ratio combo chart has, only to emphasize the 20 year 6 point parabolic arc which shows how gold had been outperforming the XAU until the small double top at 24.33 in late 2015. When the parabolic arc was...Read More

By: Ira EpsteinGold turning over? Market is confused from Friday's Chinese news..Read More

The analyst called fundamental concerns "overblown"Chewy Inc (NYSE:CHWY) stock plunged 10.5% last week -- and tagged a record low of $26.29 on Friday -- after the online pet retailer reported a larger-than-anticipated second-quarter loss. This morning, though, CHWY shares are up 3.6% at $27.35, after Nomura Instinet upgraded the stock to "buy" from "neutral," calling concerns over Chewy "overblown...Read More

The firm expects its reduced gluten Goodwheat product to be ready for retail by year's endThe shares of Arcadia Biosciences Inc (NASDAQ:RKDA) are looking to snap their four-day losing streak today, after the U.S. Patent and Trademark Office gave the firm's reduced gluten Goodwheat product a patent. The product, which contains 75% less allergenic gluten than traditional wheat, is slated for commerc...Read More

Chinese ferro-silicon smelters held their offer prices, which earlier this month hit a 27-month low, last week in expectation of renewed demand from consumers in the steel sector ahead of a national holiday next week, while in Europe steelmakers seemed in no rush to replenish their ferro-alloys feedstocks. China ferro-silicon market stable ahead of new tenders due before a public holiday next wee...Read More

The market for low carbon ferro-chrome (0.10% C) in Europe rose on Friday September 20, indicating that prices had bottomed-out at a historic low level, with demand remaining subdued. Rise in low- and high-carbon alloy prices in Europe Spot alloy prices firm in China on higher Tisco tender price Imported alloy price in China steady Imported chrome ore prices stable US alloys fall amid weak demand....Read More

Weak German and eurozone factory data is weighing on stock futuresFutures on the Dow Jones Industrial Average (DJI) are churning below fair value this morning, as disappointing manufacturing data out of Germany reignites concerns of a slowing global economy. Data from IHS Markit also showed a sharp slowdown in eurozone factory activity in August, too. U.S.-China trade headlines continue to swirl,...Read More

The three-month zinc price on the London Metal Exchange was higher at the close of trading on Monday September 23, closing above the $2.300 per tonne threshold and topping the gains in the base metals complex, while sister-metal lead fell furthest over the afternoon.Zinc futures closed at $2,331 per tonne in the afternoon, breaching nearby resistance despite moderately thin turnover, with just ove...Read More

The brokerage firm expects 20% upside from the yoga apparel nameShares of Lululemon Athletica Inc. (NASDAQ:LULU) are inching their way higher this morning, up 0.2% at $189.75 in electronic trading. Behind the positive shift is a bull note out of Piper Jaffray in which the firm initiated coverage with an "overweight" rating and $227 price target, implying expected upside of 20% to Friday's close....Read More

Victoria Gold poured first gold on September 17.The mine should produce around 190,000 toz gold at an AISC of $750/toz on average, over its 10-year mine life.Victoria Gold should be able to generate an annual free cash flow of more than $130 million, if everything goes well.A conservative scenario shows more than 100% upside potential.The coming months will be highly important, as various issues m...Read More

The Federal Reserve cut interest rates again by 25 basis points and so the new target range is 1.75% to 2%.Gold prices fell to around $1485/Oz before recovering some of the losses to close at around $1515/Oz.The ECB are doing the same thing and have also re-introduced QE and as we know money knows no borders, so more money into the global financial system.Buy these dips with both hands as this bul...Read More

Multiple signs point to a possible VIX spike on the horizonThe S&P 500 Index (SPX - 2,992.07)flirted with the July all-time highs last week as we made it through a quad-witching options expiration and the Federal Open Market Committee (FOMC) decision relatively unscathed, but the market still seems to be paranoid that all is not right within the economy. This nervousness could be festering because...Read More

Sentiment in the ammonium paratungstate (APT) market improved in the week ended Friday September 20 following a successful auction of the entire stock of tungsten held by the defunct Fanya exchange, while concentrates prices jumped by another 2.6% with support from continued supply tightness. Successful Fanya APT auction supports Chinese, European markets Concentrates prices continue to rise on ti...Read More