Sector expert Michael Ballanger describes what he believes is really behind the market crash. "Never let a good crisis go to waste." Sir Winston ChurchillMy late older brother Donnie was a quasi-anarchist tax collector for the Canadian government who self-educated himself and then morphed from a grumbling, cynical security guard/starving artist to a very successful 20-year career auditor with th...Read More

Seabridge founders Rudi Fronk and Jim Anthony provide an update on the Fed's actions and the gold price. Many times a day, we are asked what we think will be the impact on gold prices of the enormous money-printing by the Fed. We think the impact is much greater than you might imagine because it is in combination with huge fiscal stimulus. In a nutshell, we think the current path leads to a new a...Read More

Great Bear Resources details the changes it has made. In a news release, Great Bear Resources Ltd. (GBR:TSX.V; GTBDF:OTCQX) announced it implemented operational changes in the wake of COVID-19 such that the exploration program at Dixie may continue."We have implemented comprehensive new operational procedures designed to limit the risk of infectious transmission, which should allow exploration to...Read More

Gold Standard Ventures reported it has taken preventative measures to minimize Covid-19 virus risks for its employees and all others interacting with the company. Gold Standard Ventures Railroad-PinionIn a news release,Gold Standard Ventures Corp. (GSV:TSX.V; GSV:NYSE) announced that in response to Covid-19, the company "has taken actions to minimize the risks of the Covid-19 virus for both emplo...Read More

Steel slab prices from the Commonwealth of Independent States dropped in the seven days to Monday March 23 following the weakening of finished flat steel prices and lower demand in the major outlets.Lower demand for slab followed the slowdown in trading activity in most markets due to the 2019-nCoV coronavirus pandemic.Despite the lockdown in Italy, which has the highest number of contamination ca...Read More

Fastmarkets will continue to provide the price data, news and analytics you rely on in these turbulent times.Dear Colleagues,First and foremost, we hope that you, your family, your friends and your colleagues are keeping well in these uncertain times. Covid-19 has disrupted our economy, our normal work patterns and, for many, our lives. Before I speak to the status of our business continuity...Read More

The price of stainless steel in the European domestic market was unchanged this week but the market was bracing itself for a substantial slowdown arising from the consequences of the 2019-nCoV coronavirus pandemic, Fastmarkets heard on Friday March 20.Distributors in Northern Europe reported that demand was largely steady, with customers taking their regular tonnages."March is looking like it will...Read More

The spread of the novel coronavirus (2019-nCoV) outside China has brought with it logistical restrictions, a reconsideration of raw material requirements and concerns over possible disruptions to supply in the coming weeks. Here are five things under consideration by the minor metals and ferro-alloys markets while the situation develops. Adjustments to delivery and payment terms to mitigate risk T...Read More

Fastmarkets will continue to provide the price data, news and analytics you rely on in these turbulent times.Dear Colleagues,First and foremost, we hope that you, your family, your friends and your colleagues are keeping well in these uncertain times. Covid-19 has disrupted our economy, our normal work patterns and, for many, our lives. Before I speak to the status of our business continuity...Read More

Gold logged its biggest percentage gain since May 2009Stocks began the week deep in the red, as political gridlock drags down Wall Street. Despite the Federal Reserve deploying aggressive new measures to aid markets against the COVID-19 outbreak, the Dow dropped over 800 points at its session lows as the Senate failed twice to negotiate the terms of a massive stimulus package. The S&P 500 and Nas...Read More

Nike is expected to reveal its fiscal third-quarter report after the close tomorrowWhen we last checked in with Nike Inc (NYSE:NKE), the blue chip retailer was just beginning to feel the pinch of coronavirus-induced headwinds. Seven weeks later, Nike stock is nursing a nasty 37.3% loss year-to-date. What's more, the swoosh logo steps into the earnings confessional for its fiscal third-quarter re...Read More

Netflix calls have been outnumbering puts as the streaming stock makes a swift recovery The20 stocks listed in the table below have attracted the highest weekly options volume during the past 10 trading days, with data courtesy of Schaeffer's Senior Quantitative Analyst Rocky White.One stock in particular getting plenty of attention from options players (and analysts) is Netflix Inc (NASDAQ:NFLX),...Read More

ZTO Express just pulled back to a historically bullish trendline after a price target cut from JefferiesChina-based shipping specialist ZTO Express (Cayman) Inc (NYSE:ZTO) is getting hit today after Jefferies cut its price target to $27.10 from $29.20. In response, ZTO is down 1.8% at $24.25. And while the shares continue to wallow beneath newfound pressure at their 20-day moving average, ZTO just...Read More

Major indexes in the red as congress decides on an agreementAfter making an attempted rebound following a "limit down" this morning, rising after the Federal Reserve announced new measures to help markets against the COVID-19, the Dow Jones Industrial Average (DJI) is down over 700 points as investors wait for Congress to agree on a stimulus bill, and earlier hit a fresh three-year low. The S&...Read More

Goldman Sachs upgraded Boeing to "buy" from "neutral"Perpetually struggling Boeing Co (NYSE:BA) is getting some respite this morning, up 4.3% at $99.12 after Goldman Sachs upgraded the aerospace specialist to "buy" from "neutral." The analyst said traders can get BA shares for a steal right now, seeing as the stock is down 80% from its 2019 highs, and predicts a strong resurgence in air travel onc...Read More

Cowen and Company lowered AT&T to "marketperform"AT&T Inc. (NYSE:T) is down 4.1% to trade at $28.45 at last check. The telecommunications name was downgraded at Cowen and Company to "market perform" from "outperform," and recieved a price-target cut to $37 from $43. The brokerage believes AT&T complex programs such as WarnerMedia will create uncertainty in comparison to rival Verizon (VZ).T has se...Read More

Fastmarkets will continue to provide the price data, news and analytics you rely on in these turbulent times.Dear Colleagues,First and foremost, we hope that you, your family, your friends and your colleagues are keeping well in these uncertain times. Covid-19 has disrupted our economy, our normal work patterns and, for many, our lives. Before I speak to the status of our business continuity...Read More

Apple canceled plans that would limit iPhone purchases to two per customerWhile its brick-and-mortar stores outside of China will remain closed, Apple Inc (NASDAQ:AAPL) announced it is no longer limiting customers to two devices on online iPhone purchases. This announcement comes just a few days after the tech giant instituted the limit. Also weighing on the shares is a price-target cut from Insti...Read More

The Fed's measures to get the U.S. economy back on track are giving stock futures a big boost After swimming deep in the red this morning and earlier hitting a "limit down," Dow Jones Industrial Average (DJI) futures are getting a big boost after the Federal Reserve said it would be implementing new measures to combat the COVID-19 shakeup ravaging the U.S. economy. This includes an open-ended a...Read More

Economic data shows that the coronavirus crisis will be severe. To soften the blow, Trump announced his support plans for the economy. Will the stimulus package help? And when will gold finally rise?COVID-19 Hits the US EconomyThe global epidemic of COVID-19 has already hit the US economy. We start to see evidence how bad this crisis might be. First, retail sales dropped 0.5 percent in February. T...Read More