"That story, which appeared in Bloomberg: I've read it far more carefully than it was written...Over half of it was highly inaccurate or simply flat-out false."Continue...Read More
"The two sides should find a solution through equal dialogue in accordance with the principle of mutual respect, equality and mutual benefit," Wang said.Continue...Read More
Gold has formed a bearish head-and-shoulders pattern which was confirmed by Monday's drop below the neckline.Continue...Read More
The Chinese domestic spot ferro-silicon price ticked higher on tighter supply, while the export price dropped due to weak demand and aggressive international competition in the week ended Friday September 27. Chinese major suppliers cut production prompting higher offer pricesChinese export price diverged by falling due to low downstream demand Europe spot price dropped after some Q4 deals w...Read More
Chinese police searched the house of Zhang Qi, 57, the former mayor of Danzhou, and found a large amount of cashContinue...Read More
Sector expert Michael Ballanger interprets the implications of the last COT report for the precious metals markets. It was only a few hours ago that I was cruising through a lovely early-autumn Friday afternoon preparing for one of the last weekends at the marina for the 2019 season when I came across the much-heralded (and often misinterpreted) COT report. I was on the way up the eastern shoreli...Read More
Money manager Adrian Day reviews two undervalued resource companies that have seen important recent developments. Osisko Gold Royalties Ltd. (OR:TSX; OR:NYSE, US$9.69)has moved further away from the pure royalty model with the acquisition of Bakerville Gold Mines for equity valued (at the time of the bid) at CA$338 million. Based on the August PEA (preliminary economic assessment) on Bakerville's...Read More
The Critical Investor reviews Golden Arrow's deal with SSR Mining to sell its remaining interest, and also discusses the company's other projects. Puna Operation; Chinchillas MineGolden Arrow Resources Corp. (GRG:TSX.V; GARWF:OTCQB; G6A:FSE) recently ended the seven-year-long Chinchillas adventure, by closing the deal involving selling its 25% interest in Puna Operations to SSR Mining Inc. (SSRM:...Read More
The European Commission (EC) has made a number of changes to its existing regime of safeguard measures concerning 26 steel product categories, it said on September 26.The changes will come into force on October 1 this year.The definitive safeguard mechanism already in place increases the level of tariff-free quotas for each product category by 5% annually. The first such liberalization took place...Read More
The brokerage firm is upbeat about Newell's turnaround effortsSunTrust Robinson upgraded Newell Co (NASDAQ:NWL) stock to "buy" from "hold," and lifted its price target by $10 to $25 -- the highest on Wall Street, according to Refinitiv data. The brokerage firm said it expects the Sharpie maker's turnaround plan to continue into next year, and waxed optimistic over an end to the company's "misguide...Read More
The Dow and S&P finished the third quarter with a winThe Dow closed the book on September with a strong gain. The blue-chip index got an early morning boost after White House officials denied reports it was considering a cap on capital flows to China. The S&P 500 and Nasdaq both ended confidently higher, too, with a resurgent tech sector creating tailwinds. All three benchmarks finished out the...Read More
Thor Industries stock is surging after earnings, while weak sales hits Cal-Maine stock Big gains from Apple (AAPL) are helping boost stocks at midday. Three other names making major moves are RV manufacturers Thor Industries, Inc. (NYSE:THO) and Winnebago Industries, Inc. (NYSE:WGO), as well as egg producer Cal-Maine Foods Inc (NASDAQ:CALM). Below, we'll explore what's driving the shares of THO,...Read More
Drug data from the weekend has SGEN shares at record levelsSeattle Genetics, Inc. (NASDAQ:SGEN) is booming today, up 12% at $85.14, and earlier it hit an all-time high of $88.20, thanks to upbeat drug data presented over the weekend for its bladder cancer treatment. Analysts at Stifel, Guggenheim, and SVB Leerink all raised their price targets on the stock, the highest of $102 coming from the latt...Read More
The analyst predicted an 8% drop in sales for Tesla's third-quarter The shares of Tesla, Inc. (NASDAQ:TSLA) are down at midday, following a note from Cowen regarding the company's upcoming third-quarter deliveries report this week. Specifically, the analyst foresees a slight drop from TSLA's second-quarter numbers, predicting a sequential decline of 11% in Model 3 deliveries, with U.S. sales down...Read More
AAPL shares are at the top of the DowThe Dow Jones Industrial Average (DJI) is in positive territory today, as the U.S. stock market holds onto its early gains thanks to the White House's dismissal of reports indicating it would cap capital flows to China. Apple (AAPL) remains the top Dow gainer at midday, in response to J.P. Morgan Securities' bullish iPhone forecast, with tech as a whole standin...Read More
Turkey exported 381,915 tonnes of flat steel products in August 2019, according to the Turkish Statistical Institute (TUIK), up by 7.11% year on year from the 356,568 tonnes exported in August 2018. Despite negative sentiment in the flat steel market in Europe in July, when orders for August shipping were placed, there was still a moderate increase in...Read More
IMMU calls have ramped up in volume this morningOne of the worst stocks on the Nasdaq today is Immunomedics, Inc. (NASDAQ:IMMU), after the company said it was delaying the submission of its application for Food and Drug Administration (FDA) approval of its breast cancer drug until late November or early December. IMMU is down 12.2% to trade at $12.50 at last check, on track for its fifth straigh...Read More
All three analysts in coverage call the shares a "buy"Analysts are chiming in on Canadian clinical-stage biopharmaceutical firm BELLUS Health Inc (NASDAQ:BLU) today. Specifically, Jefferies initiated coverage with an "outperform" rating and a $20 price target -- a 208% premium to last night's close at $6.48. Cowen followed suit with its own "outperform" rating, saying the company holds "blockbuste...Read More
By: Ira EpsteinGold not reacting the way it should to the news last week, 18-week moving average now $1,442.8+Read More
The appointment of a European chief trade enforcement officer should ease trade problems in the steel and aluminium sectors and help tackle Chinese excess capacity, industry experts told a meeting of the European Parliament Committee on International Trade (INTA) in Brussels. The new officer will work under the guidance of the new European Union commissioner for trade. If appointed, as expected,&n...Read More