"When this outbreak starts affecting our poor communities where families do not have enough rooms or spaces to quarantine those affected, we will experience a crisis."Continue...Read More

"At Donald Trump's direction, we are moving Tax Day from April 15 to July 15. All taxpayers and businesses will have this additional time to file and make payments without interest or penalties."Continue...Read More

The Chinese communist party has asked the world - actually, propagandized the world - with this Covid-19. If we start naming diseases after numbers, we're never going to remember what kind of disease it is."Continue...Read More

The London Metal Exchange will temporarily close its open outcry trading floor and go to electronic price discovery from Monday March 23 as a precautionary measure amid the coronavirus (2019-nCoV) pandemic, it said. The open-outcry floor, one of the last of its kind in the world, has been operating from its disaster recovery site in Essex for the past week.The exchange said last week it may move t...Read More

Export steel billet prices from the Commonwealth of Independent States (CIS) continued to slide after a nosedive on Friday March 20, following the slump in import scrap prices earlier in the week. A lack of buying activity in the majority of sales outlets amid the outbreak of coronavirus (2019-nCoV) added to the negative sentiment."The active buyers are only in China now," one trader said.A large...Read More

"Appreciate today's briefing from the President's top health officials on the novel coronavirus outbreak," she tweeted about the briefing at the time.Continue...Read More

Bob Moriarty of 321gold discusses misunderstandings over the role of banks versus speculators in commodity trading. I lived in California when I was in the 7th grade. The state led the rest of the US in education. That was before it turned into a socialist paradise. I took an algebra course in the 7th grade; California would let you take any course the teacher would allow you in. I pretty much ac...Read More

The Dow explored an over 1,300-point range todayStocks ended the week sharply lowertoday, erasing modest gains from the morning as investors conclude a week of volatile training amid quadruple witching. The Dow explored an over 1,400 point range today, as investors everywhere are shaken by the coronavirus spread, with New York governor Andrew Cuomo ordering all nonessential businesses to close as...Read More

Boeing stock suffered another setbackIf you ever want to simulate the market action from this week, just hop on your nearest roller coaster. Rampant bouts of volatility sent Wall Street on a wild, jarring ride, that included a more than 1,000-point plummet from the Dow Jones Industrial Average (DJI) on Wednesday. Stimulus package hopes tried to give stocks a shot in the arm, but the coronavirus c...Read More

Citi raised LULU to "buy" from "neutral"Lululemon Athletica Inc (NASDAQ:LULU) is up 9.1% to trade at $168.98 at last check, even as the retail sector struggles amid a slew of store closings in response to the coronavirus. This comes after LULU was upgraded to "buy" from "neutral" by Citi, with the analyst calling the yoga pants retailer a "stand out," commending its balance sheet, and predicting a...Read More

Stocks have lost almost all early morning gains After a morning of attempted rebounds, the volatile market gave back most of its early gains midday. The Dow Jones Industrial Average (DJI), has moved back below breakeven at last check. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also fighting to stay in the black, the latter the only success in this at midday. Adding to the chaos is tod...Read More

A weakening dollar and a resilient tech sector are giving stock futures a boost this morning Dow Jones Industrial Average (DJI) futures are yet again attempting a rebound, hitting a "limit up" earlier this morning as extreme market volatility continues to be the new normal on Wall Street. Futures on the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are also making sizable gains, as investors...Read More

Automotive manufacturers in Europe have announced production suspensions at sites across the continent caused by supply chain issues and problems created by the measures taken by governments to restrict the spread of the 2019-nCoV coronavirus pandemic.Jaguar Land Rover UKJaguar Land Rover (JLR) will suspend production at its manufacturing facilities in the United Kingdom from today owing to growin...Read More

No fewer than three analysts have raised their price targets CrowdStrike Holdings Inc (NASDAQ:CRWD) is up 17.5% to trade at $49.06 this morning after reporting a fourth-quarter loss of two cents, higher than Wall Street's estimated eight cent loss. CrowdStrike's reported $152.11 million in revenue also came higher than expected, causing no less than three analysts to raise their price targets, inc...Read More

Wedbush downgraded GME to "neutral" from "outperform" Video game retailer GameStop Corp (NYSE:GME) has reversed course this morning, down 7.4% to trade at $3.88, after Wedbush downgraded the equity to "neutral" from "outperform" and slashed its price target to $4.25 from $8. This comes just one day after, according to a report from Kotaku, the company called itself "essential retail" in a memo to...Read More

Apple is limiting iPhone purchases to two per customerIn response to the economic impact the coronavirus pandemic has had on the supply chains, Apple Inc (NASDAQ:AAPL) announced iPhone purchases from its online stores will limit customers to purchasing two handsets per person. Apple recently closed all of its brick-and-mortar stores outside of China and was handed a hefty fine -- over $1 billion -...Read More

Ford Motor Co has decided to temporarily halt production at its sites in Brazil and Argentina from next week due to the novel coronavirus (2019-nCoV) outbreak, the company said on Thursday March 19.The move aims to "keep employees safe and help limit the spread of the virus, as well to adjust the production volumes to the lower consumer demand due to this unprecedented situation", the company adde...Read More

Makingan investment is a great move. However, deciding on the kind of investment tomake is not the easiest thing to do. There is the worry if the investment isthe right one, or it will at all, bring on good returns. Investing in gold is asmart investment decision. The asset has been around for a while and beenconsidered a very valuable form of wealth. Today, it is still one of the mostvaluable ass...Read More

Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 317,40535,48950,438154,761456,470522,604542,397 Change from Prior Reporting Period -18,885-1,270-3,626-28,187-54,782-50,698-59,678 Traders 18073785254268172 Small Speculators LongShortOpen Interest 51,32131,528573,925 -8,847133-59,545 non reportable posit...Read More

There will be position squaring and rebuilding for next week. Copper, crude oil, nickel and other industrial metals can rise as result. If silver falls below $9.50 or trades below $9.50, then it will imply that the corona virus has made Asia (except China) as its home ground. Economic data releases are useless at this point of time. Bank of England has cut its key interest rates to 0.10% in a se...Read More