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

UAA options traders could be using calls to hedgeThe shares of Under Armour Inc (NYSE:UAA) are in focus today, after founder and CEO Kevin Plank announced he will step down in 2020. Replacing him will be current Chief Operating Officer Patrik Frisk, who joined the company in 2017 and has been a key part in the retailer's recent three-year transformation plan.The shakeup has Under Armour stock up 1...Read More

Cloud stocks have struggled lately, but today analysts have been bullishDropbox Inc (NASDAQ:DBX) is one stock seeing bullish analyst attention this morning, with Instinet upgrading its opinion to "buy" from "neutral" and upping its price target by $1 to $25. The brokerage firm cited an attractive valuation and said revenue growth could begin to accelerate. DBX shares are up 3.7% in response to tra...Read More

There's a ton of big-name companies releasing quarterly reports todayU.S. stock futures are pointing to a mixed open for a huge day in earnings. Several big names have already reported this morning, including Dow Jones Industrial Average (DJI) components McDonald's (MCD), Travelers (TRV), United Technologies (UTX), and Procter & Gamble (PG), with the latter stock in particular seeing notable stren...Read More

Broad-based VTI is raking in cash month-to-date, even as traders flee S&P trackersThe month of October has a (somewhat deservedly) "spooky" reputation for stocks -- and although the S&P 500 Index (SPX) is narrowly above breakeven on a month-to-date basis, as of this writing, investors have been pulling capital out of its well-known exchange-traded fund (ETF) tracker, the SPDR S&P 500 ETF Trust (NY...Read More

Keith Weiner, Monetary MetalsWe talk a lot about the falling interest rate, the too-low interest rate, the near-zero interest rate, the zero interest rate, and the negative interest rate. Hat Tip to Switzerland, where Credit Suisse is now going to pay depositors -0.85%. That is, if you lend your francs to this bank, they take some of them every year. Almost 1% of them.A bank deposit comes wit...Read More

Stewart Thomson 1. If investors bring proper tactics to the table, gold price reactions can be exhilarating.2. Please click here now. Double-click to enlarge this GDX daily chart.3. There's nothing more satisfying than buying a market near a low and selling near a high.4. The key to doing that is buying near a previous low, either with very small size or with a stop...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

Gold moves inverse to bond rates and to the dollar.As the fear of recession dissipates, rates will rise.As rates start to rise, gold will drop.The situation today is similar to the summer of 2016, just before gold dropped 20%.This article explains why we think the price of gold will continue to trend lower. There is an "early-winter-to-late-summer" inverse pattern between gold and the ProShares Ul...Read More

Anglo American has raised the 2019 iron ore production guidance for its Minas Rio operations in Brazil while maintaining that for its Kumba operations in South Africa.The miner now expects Minas Rio to produce 20-22 million tonnes of the steelmaking raw material, compared with 19-21 million tonnes previously, it said in its third-quarter production report published on Tuesday October 22.The miner...Read More

Gold prices ended a bit lower Tuesday, finding few decisive catalyst as investors kept an eye on developments surrounding Brexit and U.S.-China trade talks. "Gold and silver appear to be on a fulcrum, as some renewed optimism on trade is offering pressure, but the upcoming Brexit vote(s) in Parliament is adding a level support," analysts at Zaner Metals wrote in a daily report. President Donald T...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