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Trump administration blocks key witness Gordon Sondland from testifying in impeachment probe

October 08, 2019 / marketsanity.com

Sondland had "previously agreed to appear voluntarily today, without the need for a subpoena, in order to answer the Committee's questions on an expedited basis."Continue...Read More

Sen. Rand Paul Blasts Warmongers for Not Supporting President Trump

October 07, 2019 / marketsanity.com

Dr. Rand Paul is the junior United States Senator for Kentucky. Elected in 2010, he has proven to be an outspoken champion for constitutional liberties and fiscal responsibility, and a warrior against government overreach. A graduate of Duke University School of Medicine, Rand was a practicing ophthalmologist in Bowling Green, Ky., for 17 years. Rand has been a vocal advocate for term limits, a ba...Read More

U.S.-China trade headlines to dictate gold price direction this week

October 08, 2019 / marketsanity.com

The price of gold is largely being driven by the fluctuation odds of a trade deal between the United States and China materializing Continue...Read More

3 Tips for Picking Junior Gold Stocks

October 07, 2019 / marketsanity.com

As the correction in gold stocks continues and as it's likely to endure for the time being, we takeContinue...Read More

Brazil Mine 'Demonstrates Growth is Real'

October 08, 2019 / www.theaureport.com

Conclusions from a recent site visit are delivered in a CIBC report. In an Oct. 4 research note, analyst Anita Soni reported that CIBC raised its valuation of Yamana Gold Inc.'s (YRI:TSX; AUY:NYSE; YAU:LSE) Jacobina mine in Brazil to $968 million from $925 million following a visit to the site. "The mine showed well, with phase 1 optimization on track to be completed ahead of the scheduled mid-20...Read More

AK Steel, Alcoa, Arconic and others sue US railroad companies

October 09, 2019 / www.metalbulletin.com

In a series of complaints, US steel and aluminium companies - among others - have alleged that four rail-service providers fixed their prices, overcharging customers by billions of dollars over a five-year period."In 2003, the four largest United States-based Class I railroads engaged in an extraordinary series of meetings, phone calls and email communications through which they embarked on a cons...Read More

Brazilian auto association cuts forecast for production, sales in 2019

October 09, 2019 / www.metalbulletin.com

The Brazilian automotive association, Anfavea, has lowered its forecast for production and sales in 2019, mainly due to a weak export market.Production is now estimated to reach a total of 2.94 million vehicles, compared with January's forecast of 3.14 million units, Anfavea said on Monday October 7.This would represent a growth of 2.1% from last year, when Brazil produced 2.88 million vehicles.An...Read More

Vale expects additional 50mln tpy of pellet demand from China until 2025

October 09, 2019 / www.metalbulletin.com

Vale expects Chinese demand for iron ore pellets and pellet feed to rise by 50 million tonnes per year with mills in China increasing the usage of pellets in their blast furnaces.It estimates that pellet consumption could increase its proportion of the total raw material mix in blast furnaces from 11% in 2015 to 19% in 2025, according to a presentation that the Brazilian miner showed to investors...Read More

Stocks Sink as China Blacklist Rattles Tech Sector

October 08, 2019 / www.schaeffersresearch.com

Sentiment has turned chilly ahead of Thursday's high-level talks after the U.S. expanded its trade blacklist The Dow continued to slide today, ending more than 300 points lower after the U.S. expanded its trade blacklist to include 28 additional Chinese tech companies alongside Huawei, citing human rights violations -- a move that soured investor sentiment ahead of Thursday's high-level U.S.-China...Read More

Brazilian domestic steel coil prices down; producers try to reverse discounts

October 09, 2019 / www.metalbulletin.com

Brazilian domestic flat steel prices fell in October, when discounts became more widespread and steelmakers were announcing price increases to try to reverse the trend.Fastmarkets' price assessment for steel hot-rolled coil, domestic, monthly, exw Brazil, was at 2,245-2,425 Reais ($546-590) per tonne on Friday October 4, down from 2,250-2,470 Reais per tonne on September 6.The assessment for&...Read More

Options Bulls Profit as FireEye Stock Pops

October 08, 2019 / www.schaeffersresearch.com

FEYE stock is up 3% todayFireEye Inc (NASDAQ:FEYE) stock is trading up 3% at $14.27, as the cybersecurity firm hosts its financial analyst day at its annual Cyber Defense Summit. This pop has sparked heavy activity in FEYE's options pits, with volume running at two times what's typically seen at this point.Most active is the October 14 call, where it looks like bulls may be liquidating the now in-...Read More

Small-Cap Bulls Shouldn't Panic Yet

October 08, 2019 / www.schaeffersresearch.com

How the IWM ETF performs after making a "death cross"The U.S. small-cap focused iShares Russell 2000 ETF (NYSEARCA:IWM) recently made a "death cross" -- typically defined as its 50-day moving average moving south of its 200-day trendline. The last time this happened, nearly one year ago, spelled bad news for stocks in the short term. Here's what that ominous-sounding technical indicator could mean...Read More

Puts Popular as EZPW Hits New Low

October 08, 2019 / www.schaeffersresearch.com

Options activity is picking up during today's sessionOne name on our radar today is pawn shop operator EZCORP Inc (NASDAQ:EZPW), as a bearish analyst note has the stock trading at new lows. Jefferies cut its rating on the shares to "hold" from "buy," and slashed its price target from $13.50 all the way down to $6.50, expressing concerns over the company's new Executive Chairman Phillip Cohen. EZPW...Read More

Domino's Pizza Stock Goes on Wild Ride After Earnings

October 08, 2019 / www.schaeffersresearch.com

DPZ options volume is at a 52-week peak todayThe U.S. stock market is spiraling today, as U.S.-China trade anxiety spikes. Among individual stocks making notable moves are cloud platform name Asure Software Inc (NASDAQ:ASUR), pizza maker Domino's Pizza, Inc. (NYSE:DPZ), and video game retailer GameStop Corp. (NYSE:GME). Here's a closer look at what's moving the shares of ASUR, DPZ, and GME.Asure S...Read More

Dow Crushed By U.S.-China Trade Deal Doubts

October 08, 2019 / www.schaeffersresearch.com

The U.S. is reportedly still trying to limit capital flows to ChinaThe Dow Jones Industrial Average (DJI) is getting shelled today -- heading toward its second straight loss -- as the prospects of a U.S.-China trade resolution later this week fade. The blue-chip index nursed a more than 300-point drop at its session lows, after the Trump administration blacklisted several Chinese artificial inte...Read More

WEEKLY BASE METAL PREMIUMS REPORT: 08/10

October 09, 2019 / www.metalbulletin.com

A summary of base metals premiums from across the globe for the week to Tuesday October 8.Please click...Read More

U.S. Blacklist News Destroys AMBA Stock

October 08, 2019 / www.schaeffersresearch.com

The GoPro supplier is eyeing its lowest close in a month GoPro supplier Ambarella Inc (NASDAQ:AMBA) is sinking today, as the Trump administration continues to blacklist even more Chinese companies, including some of the country's top AI startups. The semiconductor sector has been hit especially hard by the news, dragging down AMBA, which has lost 11.2% to trade at $50.81 -- on pace for its lowest...Read More

LIVE FUTURES REPORT 08/10: LME copper price capped despite high trading volumes; Ni down 0.8%

October 09, 2019 / www.metalbulletin.com

The London Metal Exchange three-month copper price fell by 0.6% at the close of trading on Tuesday October 8 to $5,682 per tonne compared with $5,722 per tonne the previous day despite a doubling of lots traded from this morning, with just shy of 16,500 lots having changed hands by the afternoon kerb. The red metal's LME three-month price has ignored a 4,800 tonne outflow from LME-approved warehou...Read More

An Unwinding of Pessimism Might Send CBOE Higher

October 08, 2019 / www.schaeffersresearch.com

CBOE has had an outstanding 2019 so farA look at the chart for Cboe Global Markets Inc (BATS:CBOE) suggests it's a good time to go long on the long-time outperformer. The shares are bouncing strongly from support at the 80-day and 100-day moving averages, which are right near a trendline connecting higher lows since mid-April. The stock right now is holding right near the 20% year-to-date return l...Read More

Asian Metals Market Update: October-8-2019

October 08, 2019 / news.goldseek.com

Yesterday's fall was due to inability to rise and profit taking before the US-China trade talk. Short sellers become active once gold started to fall. Right now the fall in gold is just a correction. If gold and silver fall today and tomorrow, then it will move into a short term bearish phase. I am not buying gold and silver today. Chinese are not buyers. Just remember that correction of $125-$1...Read More

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