A year ago today,the cannabis sector was booming. Everyone seemed to want a piece of the sectorthat was sure to continue flying in the long run. The only problem - thatwasn’t the case!As soon as Canadalegalized adult use cannabis, it seemed as though all the hopes of strong salesflew out of the window. Aurora Cannabis (ACB) traded at more than $11 per sharein mid-October, 2019. By mid-Decemb...Read More

TheFederal Reserve’s recent need to supply $100’s of billions in new credit forthe overnight repo market underscores the condition of dollar scarcity in the globalfinancial system. This dearth of dollars and its concomitant strength has left mostmarket watchers baffled. Since2008, the Fed has printed $3.8 trillion (with a “T”) of new dollars in aneffort to weaken the curren...Read More

Turkish steel mills continued to stay out of the deep-sea scrap markets on Tuesday October 8 with prices unchanged on a lack of fresh bookings, according to market sources. Market participants told Fastmarkets that mills in Turkey booked a lot of cargoes for November shipment and can now take a break and focus on finished steel markets. But market participants believe...Read More

Here are five Fastmarkets MB stories you might have missed on Tuesday October 8 that are worth another look.The world's largest copper producer, Codelco, has offered customers in Asia 2020 copper cathode supply with premium levels unchanged from current levels, three informed sources told Fastmarkets.Export prices for Chinese cold-rolled coil and hot-dipped galvanized coil were unchanged duri...Read More

TGT stock is higher on Toys 'R' Us buzzTarget Corporation (NYSE:TGT) is running hot today, on news the retailer partnered with Tru Kids -- owner of the Toys 'R' Us brand. Specifically, shoppers who visit ToysRUs.com to browse toys will be redirected to Target's website once they click "buy." A new "strong buy" rating at Raymond James is only fueling the tailwinds, with TGT stock up 0.6% to trade a...Read More

SWTX and STSA IPO'd on the same day last monthSpringWorks Therapeutics Inc (NASDAQ:SWTX) and Satsuma Pharmaceuticals Inc (NASDAQ:STSA) both went public fairly recently, and now analysts are weighing in. Let's take a look at how Wall Street is lining up on the shares of SWTX and STSA. For SWTX, J.P. Morgan Securities, Cowen, and Wedbush all began coverage with the equivalent of a "buy" rating, with...Read More

Short-term BA options are attractively priced at the momentThe shares of Boeing Co (NYSE:BA) are down 1.4% to trade at $371.29 this morning, after a Wall Street Journal report indicated tensions between U.S. and European regulators could delay the 737 MAX return in 2020. More specifically, the European Union Aviation Safety Agency (EASA) isn't happy with the U.S. Federal Aviation Agency's (FAA) s...Read More

Silver is definitely cheap. By almost any standard of measurement, the price of silver is cheap. It is cheap relative to gold, it is cheap compared to its recent peak in 2011, and it is cheap historically. For some, that apparently means that silver is a bargain, too. I’m not so sure. Those who tell us silver is cheap relative to gold say that silver’s price is likely to rise higher,...Read More

The brokerage firm slashed its PBYI price target by 67%Goldman Sachs downgraded Puma Biotechnology Inc (NASDAQ:PBYI) stock to "sell" from "neutral," and slashed its price target to $8 from $24 -- a 20.6% discount to last night's close. The brokerage firm expressed concern over slowing Nerlynx sales growth, and said the potential risk from Seattle Genetics' (SGEN) breast cancer treatment is "undera...Read More

Nio's third-quarter deliveries grew by 35.1% The shares of electric car maker Nio Inc (NYSE:NIO) are way higher this morning, after the firm's third-quarter deliveries report came in better than expected. Specifically, NIO said it delivered 4,799 vehicles in the third quarter -- a 35.1% boost from the previous quarter -- citing expedited shipments prior to China's national holiday. At last check N...Read More

By Andy Hecht : Starting and June and through the beginning of September, gold and silver prices were back in bullish mode. Gold rose to its highest price since 2013 and silver to its peak since 2016. The nearby gold futures contract traded up to a high at just under $1560 per ounce. Silver peaked at just under $19.54. Markets rarely move in a straight line, and corrections can be healthy for bull...Read More

U.S. stock futures are sharply below fair valueFutures on the Dow Jones Industrial Average (DJI) are pointing to another down day on Wall Street. Cautious trading looks set to continue ahead of U.S.-China trade talks this week, with S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures also pointing to a sharp pullback at the open, after the Trump administration blacklisted more Chinese companie...Read More

The S&P 500 just broke an unusually long-term streak above its 160-day moving averageThe featured commentary in our October issue of The Option Advisor was well-timed, as it was just this last Wednesday, Oct. 2, that the S&P 500 Index (SPX) finally snapped a winning streak of historically rare proportions above its 160-day moving average. Following 143 consecutive daily closes above this under-the...Read More

BAR is up around 1% since the start of October, after falling the most since June 2018 in September (-3%).While we acknowledge that the speculative community is unlikely to fuel the rally in gold spot prices due to their already stretched positioning, investment demand for gold should continue to.Macro investors are likely to seek safety in the current macro environment, characterized by a global...Read More

The whole battery supply chain will benefit from lithium benchmark pricing, Fastmarkets head of battery raw materials research William Adams says as he explores what is driving auto manufacturers to support this pricing mechanism. The auto industry is going through a period of unprecedented change due to companies introducing electric vehicles (EV) into their portfolios alongside internal combusti...Read More

- Michael J. Kosares1. It is led by institutions and funds, not private investors. Global quantitative easing created a huge and mobile pool of capital in constant need of a place to call home. As the need for a safe haven became apparent among the stewards of that capital, the demand for gold flourished. The consistent presence of funds and institutions as buyers in this rally, as repre...Read More

Stefan GleasonDespite the gravity of an impeachment inquiry that threatens to bring down the presidency of Donald J. Trump, markets have largely shrugged it off.The reason? Odds of a two-thirds majority in the Republican-controlled Senate voting to remove Trump from office are slim.What has Wall Street more concerned are the rising odds of Elizabeth Warren becoming the Democrat nominee for presi...Read More

Avi Gilburt I have been providing public analysis for the last eight years on many forums in addition to our main website Elliottwavetrader, which just celebrated its 8th anniversary. In fact, my first major public call in the market was when I suggested that the gold would top at $1,915 back in the fall of 2011:"Again, since we are most probably in the final stages of this parabolic fifth w...Read More

By: Ira EpsteinGold is caught whipping back and forth. Pattern is lower-highs and lower-lows, which is bearish unless gold (dec) gets back above $1,525:Read More

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