Today's guest, Louis Cammarosano, shares his thoughts on what's really happening in the financial markets with the recent Federal Reserve intervention. During the discussion Louis lays out why the short term lending is just the beginning for the amount of liquidity that will be needed. Louis Cammarosano of Smaulgld is a gold and silver expert, former Wall St lawyer and former Silicon Valley execu...Read More
*This interview was recorded on 9/30/19Mohamed El-Erian, Allianz chief economic advisor, joins "Squawk Box" to discuss how he would insulate himself if he was managing money.Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of the world's largest bond...Read More
Jake Novak is a political and economic analyst at Jake Novak News and former CNBC TV producer. You can follow him on Twitter @jakejakeny.Continue...Read More
Trillions of pieces of microplastics found off the California coast are being linked to car tires. So what does this mean for drinking water? RT America's Natasha Sweatte has the story. Read More
The price of stainless steel sheet in Europe was unchanged this week because low demand had prevented mills from implementing higher monthly alloy surcharges for October, sources told Fastmarkets on Friday October 4.Although not all major mills have yet announced their October surcharges, others have done so, with increases of ?,?150-170 ($164-186) per tonne from September levels, with respect to...Read More
Danielle DiMartino poses an interesting question regarding the ECB. I have a set of answers.Continue...Read More
David Erfle is extremely encouraged about the recent price movements of the yellow metal. He believes it was due for a breather and it appears to be getting one. After all, the tree does not grow to the sky. $1450 has become support and $1550 has become resistance. Probably later in the year, late Q4, he expects to see a resumption of the bull move and that it's anyone's guess where it will wind u...Read More
"Dear thieves, please, if you are reading this, let me know how much you like the piece and how Continue...Read More
Hong Kong is expected to discuss sweeping emergency laws to help ease protests which have swept over the region.Continue...Read More
Now, the company is completing a helicopter-supported field program there. Eastmain Resources Inc. (ER:TSX) announced in a news release the results of its fall 2018 and winter 2019 drilling programs at the ?l?onore South joint venture project in James Bay, Quebec. The partners are Newmont Goldcorp and Azimut Exploration.Drilling, which consisted of 26 holes over 7,365 meters (7,365m), targeted a...Read More
The Canadian company will look to its new board head for strategic leadership. TerraX Minerals Inc. (TXR:TSX.V) announced in a news release it entered an agreement to acquire the private exploration and development firm Gold Matter Corp. for 5 million shares. The acquisition will result in former Gold Matter shareholders holding about 4% of the issued and outstanding common shares of TerraX. Gold...Read More
Demand for flat steel products in Turkey was weak in September 2019 because of global price falls, market participants have told Fastmarkets.And local producers have now filled their order books until late November, they said on Wednesday October 2.Turkish steel prices increased on May 17 after the import duty into the United States, which had been applied at a rate of 50% in September 2018, was c...Read More
A well-received jobs report for September capped a week filled with disappointing economic dataU.S. stocks ended the week on a high note, with the Dow tacking on over 370 points after a well-received U.S. jobs report for September. The economy added a softer-than-forecast 136,000 jobs during the month, while the unemployment rate fell to a 50-year low of 3.5%. The lukewarm data effectively served...Read More
The September jobs report is propping up Wall StreetThe Dow Jones Industrial Average (DJI) is enjoying outsized gains today, up triple digits after a mixed September jobs report. The report, which showed the unemployment rate falling to a 50-year low, still leaves the door open for the Fed to cut interest rates later this month, as nonfarm payrolls rose by fewer than expected. In addition, Apple...Read More
HP will cut up to 16% of its global workforceHP Inc (NYSE:HPQ) stock is spiraling -- down 10% at $16.56, fresh off a two-year low of $16.46 -- after the tech giant said it will cut about 7,000-9,000 jobs, or up to 16% of its workforce, as part of a broader restructuring effort, which will result in a one-time charge of $1 billion. However, the company also expects these actions to result in saving...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 322,80053,80758,499163,050466,738544,349579,044 Change from Prior Reporting Period -47,593-4,142-2,990-535-41,992-51,118-49,124 Traders 20571845552288183 Small Speculators LongShortOpen Interest 60,53625,841604,885 -2,941-4,935-54,059 non...Read More
- DeepcasterAn essential first step in Profiting and Protecting is obtaining Accurate information about the Economy, Markets, Interventions, Macro forecasts and indeed News in general.We summarize here, but encourage investors and traders to further study the followingGold & Silver Interventionals All citizens should be or become aware of what educated Investors and Traders have long known: th...Read More
Some AVYA options traders may just scored major profitsTwo of the biggest stock moves today are coming from RingCentral Inc (NYSE:RNG) and Avaya Holdings Corp (NYSE:AVYA). The companies last evening announced an exclusive partnership, sending the shares of each soaring, and options activity has picked up in a major way, as well. Let's jump into what's happening around RNG and AVYA shares.RNG was l...Read More
By: Ira EpsteinGold only $19 away from the highest close, impressive. But the daily chart is not so impressive short-term. Gold will see resistance around $1,537 and support around $1,480 (dec contract).Read More
Taiwan will defer the imposition of anti-dumping and countervailing duties on five Chinese steel and stainless steel products, the island's customs administration said last week. The decision to delay the tariffs was made after considering the recommendation of Taiwan's International Trade Commission (ITC), the impact on Taiwan's economic interests and the global economic situation, Taiwan's Custo...Read More