WASHINGTON (Reuters) - U.S. President Donald Trump said on Wednesday that North Korean leader Kim Jong Un looked forward to meeting with him, indicating the planned landmark talks between the isolated Asian leader and Republican president will go forward.“Received message last night from XI JINPING of China that his meeting with KIM JONG UN went very well and that KIM looks forward to his me...Read More
Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More
Prices for domestic steel hollow steel sections in Southern Europe have fallen by ?,?5-15 per tonne because mills are suffering from low demand, market sources said on Wednesday March 28."We are seeing a small number of offers at the moment, because of the uncertainty in the market. It may be that some suppliers have become nervous, seeing their order intake down in March," one Southern European p...Read More
However, Morgan Stanley thinks it could be a buying opportunityTesla Inc (NASDAQ:TSLA) stock is dropping again today, down 6.3% at $261.60, and just off a new annual low of $260.89. It's been a rough stretch lately for TSLA stock, on track for its worst weekly loss since July 2017, and its steepest monthly loss since December 2010. The shares sank yesterday after Citi Research waxed pessimistic o...Read More
By Avi GilburtFor those of you who remember the movie Trading Places, this was a famous scene that I always remember when we see emotional reactions in the market after a downdraft.And, when I went to read articles being published over the weekend, it seems they were all pretty much in agreement with the sentiment expressed in this scene: "You idiot. Get back in there and sell, sell, sell."Mar...Read More
Silver is doing something right now that is very seldom seen, and it's beyond bullish - it's hyper-bullish. Here's the details...by John Rubino of Dollar CollapseFriday's commitment of traders (COT) report for gold and silver offered more of the same. Which is to say the gold futures action was boring and the silver action was strange and exciting.Starting with gold, the large speculators - who, r...Read More
SEOUL (Reuters) - The United States and South Korea have agreed to revise a trade pact with a side deal to deter competitive currency devaluation by Seoul and with concessions for U.S. autos and pharmaceutical companies, Trump administration officials said on Tuesday.In addition to increased access for American vehicles that meet U.S. but not necessarily South Korean safety standards, U.S. officia...Read More
Continue...Known primarily by his nickname "Turd Ferguson," Craig Hemke is the founder and editor of the popular TF Metals Report blog and podcast, covering precious metals, the financial markets, and greater economic trends.Read More
Turkish steel producers have returned to the deep-sea scrap markets after two weeks of silence but prices remained largely stable with the news of a European transaction heard on Wednesday March 28.A steel mill in the Marmara region booked a European cargo, comprising 5,000 tonnes of HMS 1&2 (75:25), 20,000 tonnes of shredded and 5,000 tonnes of bonus at an average price of $375 per tonne cfr.Meta...Read More
--Rio Tinto is not being investigated as part of a bribery probe into Mongolia's Oyu Tolgoi copper and gold project launched by Swiss prosecutors, the Financial Times reports. --Rio controls the Oyu Tolgoi project through its Canada-listed Turquoise Hill subsidiary, says the FT. Full story:https://on.ft.com/2pJzmhM Write to Barcelona editors at [email protected] Read More
Goldman Sachs and RBC also cut their AAPL price targetsShares of Apple Inc. (NASDAQ:AAPL) are trading down 1% at $166.70, after Goldman Sachs cut its iPhone sales estimates by 1.7 million units to 53 million units in the first quarter of the calendar year, and by 3.2 million units to 40.3 million units in the second quarter. The brokerage firm also lowered its iPhone shipment forecast for this fis...Read More
Thought of the Morning: Tesla By: @BrianSozzi Tesla shares under pressure again on Wednesday -- stock is down almost 10% this week. A helpful thought buried in Moody's credit rating downgrade on Tesla Tuesday. "These cash needs will likely require Tesla to undertake a near-term capital raise exceeding $2 billion. Moreover, if the company maintains its expected pace of expansion, it will likely n...Read More
Mid-tier gold and copper miner Aura Minerals (TSX:ORA) announced that it is working towards reactivating its Aranzazu and S??o Francisco gold projects in Mexico and Brazil, respectively.During a conference call held to announce its consolidated financial statements for the years ended December 31, 2017 and 2016, President and CEO Rodrigo Barbosa said that besides making efforts to bring the mines...Read More
Iron ore prices fell further on Wednesday March 28 despite a slight improvement in the Chinese steel market. Metal Bulletin's 62% Fe Iron Ore Index Today: $63.12 per tonne cfr Qingdao Daily change: down by $2.05 per tonne Month-to-date average: $70.47 per otnne Metal Bulletin's 58% Fe Premium Index Today: $52.34 per tonne cfr Qingdao Daily change:...Read More
Edge Therapeutics stock is getting incinerated this morningBiotech stock Edge Therapeutics Inc (NASDAQ:EDGE) closed Tuesday's session at $15.59, after a big rally to start 2018. In fact, the shares had nearly doubled over the past year. But now those gains seem like a distant memory, with EDGE getting absolutely destroyed today, down 90% at $1.60 and earlier falling to a record low of $1.50.The se...Read More
SAN FRANCISCO (Reuters) - To Wall Street money managers who make bets for a living, U.S. President Donald Trump’s aggressive stance against China on trade looks like a high-stakes poker hand - but they believe they can play it for all it’s worth.Fears that Trump could set off a trade conflict have roiled Wall Street since March 1, when the president announced plans to impose tariffs on...Read More
"It's a big deal and a major win for American workers and American businesses."Continue...Read More
Edmonton-based Grizzly Discoveries announced its intentions to purchase the cobalt-copper-silver "Robocop Property," located within the Fort Steele Mining District in southeastern British Columbia.In detail, the property is located east of the company's Greenwood property or approximately 45 kilometres south of the town of Fernie, immediately north of the Canada-US border. Robocop is comprised of...Read More
BKZ is less than 800m from the BKM copper project, which the company is currently carrying out a feasibility study on, but the earlier-stage asset is gaining investor attention for its variety of rich base and precious metal mineralisation.The latest infill results have, again, shown why investors would be interested.Broad intervals of high-grade massive sulphide mineralisation were intercepted in...Read More
Netflix stock is signaling more downside after Tuesday's tech sell-offShares of Netflix, Inc. (NASDAQ:NFLX) are in focus after the stock received a price-target hike at Barclays to $335 from $285 early this morning. This vote of confidence comes after yesterday's tech-sector sell-off which sent NFLX shares to their lowest close since March 1. Still, the security is pointed 3.7% lower in pre-market...Read More