"If we don't make a deal with China, I'll just raise the tariffs even higher." Continue...Read More
Short Seller Kevin Duffy spots early signs that the bond bubble is bursting. In an in-depth conversation with The Market, the head of hedge fund Bearing Asset Management Continue...Read More
Strong moves are followed by sustained correction and consolidation which gives way to the next strong move. That is what is setting up for next year.Continue...Read More
Prices for hollow steel sections in Northern and Southern Europe were unchanged this week although mills continued to make higher offers, market sources told Fastmarkets on Wednesday November 20.Fastmarkets' weekly price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?560-580 ($620-642) per tonne on Wednesday, unchanged week on week."The market is on the positiv...Read More
In conversation with Maurice Jackson of Proven and Probable, the CEO of this firm talks about prospects in Nevada and Canada's Yellowknife district, and discusses the company's financial strategy. Maurice Jackson: Joining us for conversation is Judson Culter, the CEO of Rover Metals Corp. (ROVR:TSX.V;ROVMF:OTCQB). Glad to have you back on the program, sir, to have you share the value proposition...Read More
Bob Moriarty of 321gold, in conversation with Maurice Jackson of Proven and Probable, expounds on his views of geopolitics, and discusses metal prices as well as a number of mining companies that he finds attractive right now. Maurice Jackson: Joining us for a conversation is the founder of the websites 321Gold and 321energy.com, and a world-famous best-selling author, Bob Moriarty. Mr. Moriarty...Read More
Steelmaking in electric arc furnaces (EAF) is already a good example of a waste-free circular economy since more than half of global steel output is being recycled, even if higher-quality materials are still produced from virgin materials and fossil-fueled processes, the president of the European Steel Technology Platform (ESTEP) said at a workshop in Bergamo, northern Italy last week. Carl de Mar...Read More
Investors also digested the latest Fed meeting minutesThe Dow turned in a triple-digit loss today, dragged lower by reignited U.S.-China trade tensions. A Reuters report indicated a "phase one" trade deal may not be reached until next year. On top of that, Chinese officials are unhappy after the U.S. Senate passed measures supporting Hong Kong protesters. The S&P 500 and Nasdaq also closed in the...Read More
AT&T options volume has ramped up today, tooThe Dow is lower today, as U.S.-China trade woes weigh on Wall Street. Among three names making notable moves today are Chinese stock Pinduoduo Inc (NASDAQ:PDD), telecommunications giant AT&T Inc. (NYSE:T), and biotech Cancer Genetics Inc (NASDAQ:CGIX). Here's a quick look at what's moving the shares of PDD, T, and CGIX. PDD Breaches Key Trendline...Read More
Nordstrom will post its third-quarter earnings after the close tomorrow Nordstrom, Inc. (NYSE:JWN) will take its turn in the retail-heavy options arena after the close tomorrow evening, and is selling off before hand. Sector headwinds, brought on by dismal earnings from Home Depot (HD) and Kohl's (KSS), has the equity down 3.5% to trade at $34.24 so far today, on course for its third consecutive d...Read More
E*TRADE stock just ran into a trendline with bearish implications The shares of E*TRADE Financial Corp (NASDAQ:ETFC) have been on a tear since bottoming out at a two-year low of $34.68 in early October -- tacking on roughly 29% since then, and popping north of their year-to-date breakeven level late last week. This rally may have come to a head, however. While ETFC is trading higher today, it's on...Read More
Both L Brands and Nordstrom are sinking ahead of earningsStocks are struggling at midday amid lingering concerns over U.S.-China trade negotiations. Although the major benchmarks have come off their intraday lows, the Dow Jones Industrial Average (DJI) is down more than 90 points at last check on sharp losses forconsumer products specialist 3M (MMM). The S&P 500 Index (SPX) is also in the red, whi...Read More
Tilray still remains close to its Nov. 15 record lowWeed stock Tilray Inc (NASDAQ:TLRY) is up 5.2% at $21.02 today, and the mini-rally has options traders coming out of the woodwork. It's not to bet on more losses though, and it appears some traders are calling a bottom on the struggling cannabis concern. More specifically, calls are being traded at 1.7 times the average intraday amount today, wh...Read More
Tata Steel has outlined proposals to build a stronger and more sustainable business in Europe, which include cutting up to 3,000 jobs, the company said on Monday November 18.The programme is needed to "ensure the business can thrive despite severe market headwinds which have led to a sharp decline in profitability", the company said.In the first six months of its current financial year, which comm...Read More
Urban Outfitters posted third-quarter results that missed analysts' estimates The shares of apparel retailer Urban Outfitters, Inc. (NASDAQ:URBN) are trading back near their late-September levels this morning, following a badly received third-quarter earning report. The firm posted revenue of $987 million that missed analysts' consensus estimate, citing weakening demand for its women's clothing br...Read More
One brokerage firm likes Intelsat's risk/reward profileIt's been a volatile stretch for Intelsat SA (NYSE:I) stock, as evidenced by its 30-day historical volatility of 237.1% -- an annual high. Most of this action has been to the downside, after the Federal Communications Commission (FCC) backed a public auction for C-band spectrum, with I shares plunging from a Nov. 5 intraday peak at $26.90 to y...Read More
InFriday’s article, we wrote that what comes up must correct and gold has indeedshown to be in a corrective mode. We also wrote that the yellow metal wasunlikely to break below the 61.8% Fibonacci retracement based on the previousupswing and while gold moved to this level earlier today, it didn’t break belowit. At least not in any significant way – the few cents below this leveld...Read More
Intelsat options are quite pricey at the moment, thoughIt's been a week to forget for Intelsat SA (NYSE:I). The communications satellite services provider is cruising toward a 45.3% weekly loss -- set to be its worst week ever -- after rumors swirled that the Federal Communications Commission may opt for a public C-Band auction. The reports were enough for J.P. Morgan Securities to issue a downg...Read More
ARAV is heading toward its highest close since June 2018Once more, a surging biotech sits at the top of the Nasdaq after positive data for a cancer drug. Today its Aravive Inc (NASDAQ:ARAV), up 106% to trade at $13.78, after the Texas-based firm's ovarian cancer treatment reported positive data in an early-stage trial. It's set to be Aravive's best single-session gain ever by a wide margin, and...Read More
By: Gary SavageThe bullion banks have been able to take gold down at will, dumping gold contracts usually in the pre-markets..http://blog.smartmoneytrackerpremium.com/Read More