John Rubino is the founder and manager of the popular financial website DollarCollapse.com. Mr. Rubino is the co-author, with GoldMoney's James Turk, of The Money Bubble and The Collapse of the Dollar and How to Profit from It. He spent the 1980's on Wall Street as a Eurodollar trader, equity analyst and junk bond analyst. During the 1990's he was a featured columnist with TheStreet.com and a freq...Read More
Central banks cut interest rates, then they printed money. What will they do next to keep global economies from imploding? Richard Duncan joins Robert & Kim to discuss the next moves that central banks are prepared to implement.Robert Kiyosaki is best known as the author of Rich Dad Poor Dad, the #1 personal finance book of all time. His book titles hold four of the top ten spots on Nielsen Booksc...Read More
"Anybody who tries to make the argument that someone in Syria is a danger to our country is really not paying attention."Continue...Read More
Stronger demand from the energy sector and additional government spending on infrastructure will provide a boost to steel plate prices in Asia next year, a source close to a leading Japanese steelmaker told Fastmarkets this week.The headwinds experienced in the region this year, such as the weak construction sector in Singapore and political uncertainty in Indonesia, were expected to ease, the sou...Read More
The price for imported steel reinforcing bar in the United States nosedived following confirmed offers and deals heard for European-origin material, while the price for US domestic rebar narrowed downward, Fastmarkets has learned. Fastmarkets' assessment for steel rebar, import, cfr Houston was at $517-535 per short ton on Wednesday October 16, down by 9.7% from $575-590 per short ton two weeks ea...Read More
The purchase expands the holdings of its principal project there. Megastar Development Corp. (MDV:TSX.V) announced in a news release it entered an agreement to acquire, through its subsidiary Minera Mazateca, the entire Cerro Minas mineral concession from Gunpoint Exploration for $100,000 and 800,000 common shares. The concession, which consists of 899 hectares of surface area, is in Mexico on th...Read More
Accordingly, the company continues an expanded, aggressive stepout drill program there. Gatling Exploration Inc. (GTR:TSX.V; GATGF:OTCMKTS) connected two of its three deposits at its Larder gold project in Ontario, it announced in a news release. "These results mark an important milestone for our drilling program," Nathan Tribble, vice president of exploration, said in the release.The link betwe...Read More
Long steel prices in the Turkish domestic market have gone up over the past week in response to the weakening of the lira against the dollar and rising scrap costs, sources said on Thursday October 17.Fastmarkets' weekly price assessment on Thursday for steel reinforcing bar (rebar), domestic, exw Turkey, was TRY2,880-2,950 ($488-500) per tonne, including 18% VAT, up from last week's TRY2,790-2,80...Read More
Drilling is about to start at one of the company's projects and continues at the other two. Liberty's Goldstrike ProjectLiberty Gold Corp. (LGD:TSX; LGDTF:OTCQB) provided in a news release an update on its three past-producing gold properties in the United States' Great Basin: Black Pine, Goldstrike and Kinsley.At Black Pine in southern Idaho, drill results have repeatedly returned thick, high-gr...Read More
Turkish rebar and wire rod export prices have continued to increase in line with the rising costs of imported scrap feedstock, although demand was still limited, sources said on Thursday October 17.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), export, fob main port Turkey, was $405-410 per tonne on Thursday, up from the $395-400 per tonne of last week.The mills in the cou...Read More
Turkish steel producers restarted their deep-sea scrap bookings for November shipments at slightly higher prices, sources said on Thursday October 17.A steel mill in the Iskenderun region booked a Baltic Sea cargo, comprising 25,000 tonnes of HMS 1&2 (80:20) at $242 per tonne and 5,000 tonnes of bonus at $252 per tonne cfr.The previous Baltic Sea cargo reported by Fastmarkets was sold at $237 per...Read More
Netflix stock gained 2.5% on a well-received earnings report The Dow rose roughly 23 points today as well-received earnings continue to roll in. Netflix (NFLX) earnings were on the forefront of investors minds, as the streaming wars continue to ramp up. The FAANG stock wound up tacking on 2.5% on a solid earnings beat, setting a positive tone as earnings season begins to ramp up. Elsewhere, trade...Read More
GLUU was just the latest stock to pop on news of joining the SP600The shares of Glu Mobile (GLUU) got a boost earlier this week, on news the stock is joining the S&P SmallCap 600 Index (SP600). However, GLUU isn't the first stock to rally on its addition to the index -- we've seen similar pops for stocks like Fresh Del Monte Produce(FDP), Jagged Peak Energy(JAG), and Vector Group(VGR), to name a f...Read More
J.P. Morgan Securities downgraded CMA stock overnightAnalyst notes continue to roll in on Comerica Incorporated (NYSE:CMA), after the regional lender reported third-quarter earnings yesterday morning. Despite the firm's profit beat, the bulk of the brokerage attention has been bearish, with J.P. Morgan Securities downgrading the stock to "underweight" from "neutral," and cutting its price target b...Read More
Seaborne mid-grade iron ore prices continued to stay below the $90 per tonne mark on Thursday October 17. Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $87.06 per tonne, down $0.80 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $86.10 per tonne, down $0.80 per tonne.62% Fe low-alumina fines, cfr Qingdao: $85.84 per tonne, down $0.54 per tonne.58% Fe fines high-premium,...Read More
Wayfair has been rallying from the $100 levelWayfair Inc (NYSE:W) is extending a recent bounce from the $100 level, rising 6.2% today to trade at $114.63. In response, options volume is accelerated, and calls are outpacing puts on an overall basis. It looks as though one trader initiated a bull call spread at the May 115 and 150 calls, which they partially funded by selling the May 95 put. Since t...Read More
Puts have picked up on Coupa, potentially putting some bears in a precarious positionSoftware stocks got hit hard on Wednesday, and the sector-wide pullback has some names flashing what historically have been solid buy signals. For instance, Coupa Software Inc (NASDAQ:COUP) lost 9.3% yesterday, its worst day since last December. COUP shares were last seen down another 2.9% today at $136.18, actual...Read More
HEPA and SYRS stocks are moving on drug newsThe U.S. stock market is modestly higher, as Wall Street awaits updates on a potential Brexit deal. Several individual stocks are making big moves, though, including biopharmaceutical names Hepion Pharmaceuticals Inc (NASDAQ:HEPA) and Syros Pharmaceuticals Inc (NASDAQ:SYRS), as well as cannabis concern Cronos Group Inc (NASDAQ:CRON). Here's a quick round...Read More
Turkish steel mills continued to stay away from the deep-sea scrap markets awaiting clarity in the finished steel markets, sources said on Wednesday October 16.Late on Monday October 14, US president Donald Trump said he would impose a 50% tariff on imports of steel from Turkey in response to its military actions in Syria.Following the news, Turkish steel mills suspended their bookings o...Read More
SNAP has soared 150% in 2019Snapchat parent Snap Inc (NYSE:SNAP) is moving higher this afternoon, last seen up 1% at $13.80. SNAP has had a noteworthy year on the charts, now up 150% in 2019, and just off a double top near the $18 level. In recent weeks, the stock has pulled back -- and its 14-day Relative Strength Index (RSI) is bordering on "oversold" territory -- but has benefited from a doubl...Read More