With the Phase 1 partial trade deal hanging in the balance, Beijing has been quietly pressing Washington to accept more tariff rollbacks and cancellations. And it looks like President Continue...Read More
Bitcoin Futures flash-crashed this morning - plunging $1000 in seconds on massive volume...Continue...Read More
Researchers believe the Templars' gold may still be buried somewhere deep in these underground tunnels.Continue...Read More
Bill Murphy is a financial commentator and the chairman and director of the Gold Anti-Trust Action Committee (GATA), which was founded as a result of Murphy's essays on collusion among large financial institutions to suppress the price of precious metals. He also runs a paid subscription service called Le Metropole Cafe. Murphy believes the price of gold is artificially low and has spent years lob...Read More
Seaborne iron ore prices were rangebound on Tuesday November 5, with market participants remaining jittery over high inventories and the upcoming demand lull over the winter season.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $83.30 per tonne, up $0.03 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $83.12 per tonne, up $0.03 per tonne.62% Fe low-alumina fines, cfr Qingdao: $82.70 per...Read More
Demand for flat steel products in Turkey remained weak in October because of the decline in global prices, market participants told Fastmarkets on Tuesday, November 5.Nonetheless, they added that local producers have now filled their order books until late December.Local demand was already weak in Turkey in September, and political uncertainty in October led to a further fall in&nbs...Read More
Chinese re-rollers' interest in imported billet has waned in recent weeks following a surge in prices in the major global markets, sources told Fastmarkets.Global billet prices have picked up over the past month on soaring scrap prices and reduced availability in some markets, particularly the CIS. At the same time, the domestic billet price in China is largely stable, which has narrowed the gap b...Read More
Import prices for steel billet and rebar in the United Arab Emirates have decreased over the past week, but domestic rebar prices remained stable, market sources said on Tuesday November 5.Demand for long steel was still moderate in the country, and buyers preferred to buy small quantities in order to avoid holding high stocks at the end of the year.Billet importsBillet was offered from Oman at ab...Read More
Bob Moriarty of 321gold dives into rare earth elements and one company exploring a high-potential property in British Columbia. I know of no sector in the resource space as hard to get a handle on as that of the Rare Earths or REOs, AKA REEs. In the last twenty years I have only come across one investor who actually understood which companies had red meat and which were pushing tofu. Since 321gol...Read More
It will use the proceeds to explore and advance its project in Nevada. Newrange Gold Corp. (NRG:TSX.V; NRGOF:OTC) announced in a news release it agreed to sell its Yarumalito gold project in Colombia to GoldMining Inc. for $1.2 million in common shares and $200,000 in cash. The transaction is expected to close by Dec. 2, 2019.GoldMining already paid $25,000 as a deposit. Newrange will retain a 1%...Read More
With gold prices above $1,500/ounce, Thibaut Lepouttre of Caesars Report runs the numbers to see whether this mine might be worth taking another look at. IntroductionWhen the gold price started its move during the summer, someone asked us, "Do you know any 'old and forgotten' projects that aren't very appealing at $1,250 gold but have a lot of leverage on the gold price that would make it viable...Read More
* GRAPHIC-2019 asset returns: (Adds aluminium technicals, updates prices)By Eric OnstadLONDON, Nov 5 (Reuters) - Copper climbed to a seven-weekhigh on Tuesday as hopes of a U.S.-China trade deal promptedbearish investors to buy back positions.The Dow Jones industrial average hit a new intra-dayrecord high, the Chinese yuan advanced to a three-month peak andoil also rose after people close to the n...Read More
Walgreens and Boeing powered the Dow higherThe Dow recorded another all-time high again today, thanks to ongoing trade-deal hopes for the U.S. and China, along with strong showings for Boeing (BA) and Walgreens Boots Alliance (WBA), the latter of which rose on rumors of going private. Investors also had a busy round of economic data to consider, including the Job Openings and Labor Turnover Survey...Read More
Bear notes galore for UBER, MYGN after earningsThe U.S. stock market is roaring higher again today, with the Dow hitting a new all-time high. Among specific stocks making notable moves are electric carmaker Nio Inc (NYSE:NIO), ride sharing concern Uber Technologies Inc (NYSE:UBER), and healthcare stock Myriad Genetics, Inc. (NASDAQ:MYGN). Here's a quick look at what's moving the shares of NIO, UBE...Read More
Rosenblatt upgraded Applied Optoelectronics to "buy" and lifted its target price to $13A bull note from Rosenblatt has the shares of fiber-optic networking provider Applied Optoelectronics Inc (NASDAQ:AAOI) up 9.5% to trade at $11.60, set for its highest close in over a month. The analyst upgraded the stock to "buy" from "neutral," and lifted its price target to $13 from $10, expecting the company...Read More
Nielsen stock just ran up to a historically bearish trendline that could spell trouble Entertainment concern Nielsen Holdings (NYSE:NLSN) has been chopping lower this year, pressured by its 100-day moving average, and just recently bottoming out at an all-time low right beneath familiar support at the $20 region. Since this late-October low, the stock has been in rally mode, looking to clock its...Read More
3 penny stocks to watch todayRenewable fuel expert Gevo Inc (NASDAQ:GEVO) is rallying today thanks to news the company has won a bid to supply Seattle's fleet vehicles with renewable gasoline, and that it's developing blockchain technology with Blocksize Capital. The stock was last seen 12.1% higher at $2.68, though it topped out right near the 80-day moving average and the $2.80 region, which ser...Read More
AMD stock hit a 12-year high earlier todayAdvanced Micro Devices, Inc. (NASDAQ:AMD) stock has been surging up the charts since taking a sharp bounce off familiar support at its 180-day moving average in early October, gaining nearly 28%. What's more, the shares are pacing for a fifth straight win today -- up 2.3% at $37.14, fresh off a 12-year high of $37.18 -- a streak sparked by a positive earni...Read More
CVNA shares are up almost 150% in 2019Back in August we saw Carvana Co (NYSE:CVNA) jump 25.1% the day after the company's earnings release. In fact, CVNA shares have been positive after earnings in six straight quarters, something investors should know with the company due to report after the close tomorrow, Nov. 6.However, options traders have actually been buying puts ahead of the event, with th...Read More
The Nasdaq hit a new high earlier, tooThe Dow Jones Industrial Average (DJI) hit a new record high earlier, as trade-sensitive stock Boeing (BA) climbs on positive headlines surrounding U.S-China tariff negotiations and news CEO Dennis Muilenburg said he would decline bonuses for this year. The Nasdaq Composite (IXIC) is fresh off an all-time peak, too, with both indexes eyeing a third straight...Read More