Gold's strength is no secret at this point, and that's why the uptrend is getting trickier to play. Let me offer a few suggestions..Read More
By: Ira EpsteinGold resistance can be seen around $1,556 - Dec. Gold (upper Bollinger band). The silver chart looks pretty darn good..Read More
Trade war will continue. Trump bashing China for atrocities to Muslims is a part of the trade war. Saudi Arabia has a beheading culture. Not a single nation dare criticize Saudi Arabia. Wahabi form of Islam is funded by Saudi Arabia to spread it worldwide. Wahabi form of Islam is more repressive than Chinese atrocities towards Islamic followers. Which nation or religion allows lashes for petty c...Read More
CMG shares hit a record high earlier this monthJefferies raised its price target on Chipotle Mexican Grill, Inc. (NYSE:CMG) stock to $820 from $700, saying it expects the burrito chain to post solid third-quarter financial results, even amid weaker-than-forecast same-store sales. The brokerage firm's new price target is still a discount to last night's close at $824.49, and this morning, CMG stock...Read More
PM calls have ramped up in volume this morningThe shares of Philip Morris International Inc. (NYSE:PM) are in focus this morning, after the tobacco company abandoned merger talks with Altria Group (MO). The two companies were set to combine after Altria was spun off in 2008, with talks heating up late last month. Ultimately though, both sides decided to focus on the launch of IQOS, a tobacco hea...Read More
GLUU is looking to snap an eight-day losing streakGlu Mobile Inc (NASDAQ:GLUU) is trading up 2.2% this morning at $4.85, after yet another analyst said to buy the stock. D.A. Davidson last evening released a note that gave the mobile game maker a "buy" rating and $8 price target, representing territory not explored since early June, with the $8 level actually serving as a ceiling just days before...Read More
A patent for the company's DNAbilize technology was added to its intellectual property portfolio The shares of Bio-Path Holdings Inc (NASDAQ:BPTH) are near the top of the Nasdaq this morning, after the company updated its intellectual property portfolio with a second platform technology patent, issued by the United States Patent and Trademark Office on July 2, for its DNAbilize technology, used to...Read More
When the S&P enters October up big year-to-date, with optimism prevalent, volatility tends to ensueNext Tuesday, Oct. 1, the fourth quarter of 2019 officially begins. It hasn't been that long since the major fourth-quarter 2018 sell-off, which was pretty brutal for the stock market. The 9.2% decline in the S&P 500 Index (SPX) last December was its worst monthly loss of the last decade, and the rou...Read More
The Mexican government has announced a plan to gradually eliminate an existing safeguard duty of 15% on several steel products.The duty on steel imports classified under 186 tariff codes will remain at 15% until September 2021, when it will be reduced to 10%, according to the country's...Read More
Steelmaking restrictions planned for China's northern region - where the concentration of mills are the highest in the country - during the autumn-winter period appear to be looser this year compared with the corresponding period of last year.While no official guidelines have emerged, a draft of measures to control air pollution in 28 cities in the region during the October-March period has been c...Read More
The price of steel rebar in the Northern European domestic market moved down slightly this week through a combination of low ferrous scrap costs, weak demand and plentiful supply, sources told Fastmarkets on Wednesday September 25.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Northern Europe, was ?,?470-490 ($517-539) per tonne on Wednesday, widening d...Read More
The price of wire rod delivered in the Northern and Southern European domestic markets decreased this week on the back of poor demand and low ferrous scrap costs, sources told Fastmarkets on Wednesday September 25. Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe was ?,?440-450 ($484-495) per tonne on Wednesday, down by ?,?20 per tonne wee...Read More
Craig HemkeBack in January, we predicted that in 2019 the precious metals would see their best annual gains since 2010...and so far, they have! So now the question becomes: will the metals hold these gains and extend or will they fall back in the fourth quarter?And why were we so confident back in January, when every major analyst and sell-side economist was expecting higher interest rates and...Read More
- Gary ChristensonHurricane Dorian pounded the Bahamas and hit the United States. The destruction was impressive.Hurricane Federal Reserve has devalued the dollar for over a century. The destruction has been large. A few benefited, many lost wealth, purchasing power, pensions, jobs, and homes.Hurricane National Debt has reached Cat 5 status, over $22 trillion in unpayable debt that weakens...Read More
Clive MaundThe Democrats never came to terms with losing the 2016 election to Trump and it has festered and rankled with them ever since. Deep State candidate and the world's worst loser Hillary Clinton even wrote a massively self-indulgent and trite "post mortem" on the election called "What Happened" - it's hard to imagine who would be dumb enough to waste their time reading such drivel.Ever s...Read More
Is Gold now back in a bull market? Most gold bugs think so and are quick to proclaim that.But, could Gold remain in a secular bear market? It hasn't made a new all time high in 8 years and the perma-bull, financial asset loving crowd certainly believes so.This is semantics because what really matters is making money and nothing else. With that said, Gold is not in a real bull market yet. We can...Read More
Gold's strength is no secret at this point, and that's why the uptrend is getting trickier to play. Let me offer a few suggestions..Read More
By: Ira EpsteinGold resistance can be seen around $1,556 - Dec. Gold (upper Bollinger band). The silver chart looks pretty darn good..Read More
Trade war will continue. Trump bashing China for atrocities to Muslims is a part of the trade war. Saudi Arabia has a beheading culture. Not a single nation dare criticize Saudi Arabia. Wahabi form of Islam is funded by Saudi Arabia to spread it worldwide. Wahabi form of Islam is more repressive than Chinese atrocities towards Islamic followers. Which nation or religion allows lashes for petty c...Read More
Prices for hollow steel sections in the European domestic market moved down this week with market sentiment turning negative, sources told Fastmarkets on Wednesday September 25.Fastmarkets' weekly price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?585-600 ($644-660) per tonne on Wednesday, narrowing downward from ?,?585-610 per tonne one week before.There was...Read More