The evidence is quite strong that the correction in Gold and gold stocks has more to go in terms of price and probably Continue...Read More

China's domestic prices for rebar held steady for a second day on Tuesday October 22 despite gains in the futures market, with participants taking a wait-and-see approach before deciding whether to engage in arbitrage trading.Eastern China (Shanghai): 3,580-3,610 yuan ($505-510) per tonne, unchangedNorthern China (Beijing): 3,550-3,590 yuan per tonne, unchangedRebar futures went from a low of 3,28...Read More

The agreement reached between Turkish President Erdogan and U.S. Vice President Pence for a temporary ceasefire in the Turkish incursion into northern Syria demonstratesContinue...Read More

Thibaut Lepouttre of Caesars Report profiles this company exploring its large land package in Finland's greenstone belt. Jeesio BOT Sampling Winter 2018IntroductionFinland would hardly be a country you'd think of when considering exploration companies. However, it's not such a far-fetched idea as senior producer Agnico Eagle Mines (AEM, AEM.TO) has been a successful producer in Finland for years...Read More

Prices for most grades of ferrous scrap in Mexico fell in the week ended Friday October 18, with mills continuing to apply price cuts while they adjusted to recent settlements in the United States and other regions.One mill in the Baj?-o region applied a price cut of 200 pesos ($10.45) per tonne last week. And although its supply of scrap has reduced, it has so far given no sign of reversing this...Read More

Turkish steel producers remained silent in the deep-sea scrap markets for the second consecutive day, while offers for scrap stayed firm, sources said on Tuesday October 22.Steel mills have been largely active in the deep-sea markets in previous weeks, booking material for November deliveries. Turkish steelmakers have booked 16 deep-sea cargoes since the start of the month, totaling...Read More

Seaborne iron ore prices increased on Tuesday October 22 after Vale lowered its sales expectation, while the spread between 65% and 62% Fe indices continued to widen.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $86.68 per tonne, up $1.28 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $86.33 per tonne, up $1.28 per tonne.62% Fe low-alumina fines, cfr Qingdao: $85.27 per tonne, up $1.0...Read More

Import prices for steel billet and rebar in the United Arab Emirates increased over the past week, with domestic rebar prices remaining stable, market sources said on Tuesday October 22.Domestic prices for rebar for the month were announced by the country's producers on October 21. Both Emirates Steel and Conares Steel kept their prices unchanged.Billet importsBillet bookings were made from Oman a...Read More

Earnings disappointments from McDonald's and Travelers knocked the Dow lower With earnings season at full tilt, a mixed day of of blue chip reports wound up sending the Dow lower during that last hour of trading. The index initially inched higher after Procter & Gamble (PG) and United Technologies (UTX) both posted well-received quarterly reports, but eventually succumbed to disappointing results...Read More

China's domestic prices for rebar held steady for a second day on Tuesday October 22 despite gains in the futures market, with participants taking a wait-and-see approach before deciding whether to engage in arbitrage trading.Eastern China (Shanghai): 3,580-3,610 yuan ($505-510) per tonne, unchangedNorthern China (Beijing): 3,550-3,590 yuan per tonne, unchangedRebar futures went from a low of 3,28...Read More

Travelers Companies posted profits of $1.43 per share, which came in lower than analysts' estimates Blue chip name Travelers Companies Inc (NYSE:TRV) is trading back near its early April levels this morning following a disappointing third-quarter earnings report. The firm posted adjusted profits of $1.43 per share, coming in lower than analysts' estimated $2.35 per share. The property and casualty...Read More

MRK is trading down on rival BMY's successStocks are hovering near breakeven today as traders digest a huge round of earnings releases. Two names to watch today are drugmaker Merck & Co, Inc. (NYSE:MRK) and real estate concern Howard Hughes Corp (NYSE:HHC). Here's what's moving the shares of MRK and HHC today. Options Trades Take Sides on MerckMRK has pulled back 3.6% today to trade at $81.47, fol...Read More

China's ferro-silicon market was split between a weakening export price and a steady domestic price last week, with exporters battling soft demand and supplier competition while production cuts supported domestic rates.In Europe, prices have consolidated recent price gains, although the recent rally looks short-lived because export offers into Europe have appeared from Kazakhstan. There are no ant...Read More

Clint SiegnerThe Wall Street Journal's Jason Zweig famously referred to gold as a "Pet Rock" in 2015. He was blasted by people who understand that gold is no passing fad, and it serves some very important roles in an investment portfolio.The valuable roles played by gold have been well covered here. It's a hedge against both inflation and deflation, it represents true diversification for por...Read More

By: Ira EpsteinGold might be heading back to $1475 support area, the daily chart shows no-man's land..Read More

Credit Suisse slashed its price target on Freeport-McMoRan to $11 from $13The shares of Freeport-McMoRan Inc (NYSE:FCX) are down 1.1% to trade at $9.71, ahead of tomorrow's before-the-open third-quarter earnings report. Credit Suisse already came in with a price target cut to $11 from $13 and slashed its Q3 EBITDA estimate to $610 million, and the analyst predicted that the broader metals and mini...Read More

Weekly 10/25 options are flying off the shelves todayThe shares of Biogen Inc (NASDAQ:BIIB) have skyrocketed today, after the company surprised investors with plans to submit its Alzheimer's treatment for regulatory approval in the U.S. Biogen discontinued two late-stage trials of aducanumab earlier this year, but said later data showed encouraging results in memory, language, and orientation amon...Read More

Hershey stock has been a strong outperformer on the chartsThe shares of candy king Hershey Co (NYSE:HSY) have been on fire in 2019, up 43% so far this year. After notching an all-time high of $162.20 in early September, the security has taken a breather on the charts, pulling back to support at its 80-day moving average. Against this backdrop -- and considering Wall Street seems late to the prover...Read More

PG and UTX are propping up the Dow todayThe Dow Jones Industrial Average (DJI) is modestly higher at midday, as investors sift through the latest batch of corporate reports. So far, the blue-chip index is shrugging off lackluster earnings from Travelers (TRV) and McDonald's (MCD), and is instead propped up by post-earnings gains from Procter & Gamble (PG) and United Technologies (UTX). Boeing (B...Read More

It's a major shift in sentiment among STMP options tradersStamps.com Inc. (NASDAQ:STMP) stock is near the top of the Nasdaq today, on news the online shipping concern is teaming up with delivery giant United Parcel Service (UPS). The partnership will offer Stamps.com customers up to 55% off daily UPS shipping rates, as UPS attempts to woo small business customers. At last check, STMP shares are up...Read More