Vietnam will come under a 15-day lockdown from April 1, the country's health ministry said on Tuesday March 31. "The situation is very fluid now and there is no telling what may happen from now on," a ferrous scrap trader in the country told Fastmarkets on Tuesday.All cities in Vietnam will stop public gatherings and shut non-essential public services until April 15. Inbound flights have also been...Read More

Major Indexes are in the black middayThe Dow Jones Industrial Average (DJI) is fighting toward a close in positive territory, in what's on track to be its worst quarter ever. The blue chip is fending off this morning's triple-digit drop before the bell, while both the Nasdaq Composite (IXIC) and S&P 500 Index (SPX) are also modestly in the black. Some traders speculate on a buying boost due to t...Read More

Sea is experiencing growth as consumers resort to online buyingE-commerce developer Sea Ltd. (NYSE:SE) is no stranger to the volatile broad market, but the equity has several layers of support in place that have helped push it higher during the past few months. A recent pullback was captured by SE's 200-day moving average. In fact, SE has been a major outperformer, boasting a year-to-date gain of...Read More

ArcelorMittal will temporarily stop production at its Romanian facility to combat the Covid-19 pandemic, Fastmarkets heard on Tuesday March 31.ArcelorMittal Hunedoara will stop production from April 1 until April 12 inclusive, a company spokesman said."Production will be stopped, for sure," the spokesman said. "We don't know yet if we are going...Read More

Amarin just lost a major U.S. patent lawsuit for its heart drug Vascepa On the charts, things are looking pretty bleak for Amarin Corporation plc (NASDAQ:AMRN) right now. The equity is down 68.4% at $4.29 during its first hour of trading -- on pace for its worst day in over 2 years -- after the biotech company lost a major U.S. patent lawsuit for its heart drug Vascepa, with Amarin initially claim...Read More

J.P. Morgan Securities and Cowen and Company cut their price targetsRH (NYSE: RH), formerly known as Restoration Hardware, is down 11.8% to trade at $104 this morning. The company reported fourth-quarter profits of $3.72 per share, higher than Wall Street's estimated $3.59 per share. Despite this, the revenue announced by the retailer was lower than anticipated, coming in at $664.98 million, the f...Read More

Lack of consumer spending is leading to V's projected low revenue growthAs the coronavirus pandemicwreaks havoc on the global economy, Visa Inc (NYSE:V) announced its transaction volumes have taken a major hit, as consumer spending falls off sharply. Additionally, the company forecastsingle-digit percentage revenue growth for the second quarter, which prompted price-target cuts from Instinet and S...Read More

The blue chip index is looking at it's worst first quarter on record, too It's not looking good for Dow Jones Industrial Average (DJI) futures this morning, which are eyeing a triple-digit drop coming into today's trading. Not only that, the blue-chip index is pacing for its worst first quarter ever, down roughly 21.8% coming into today. Futures on the Nasdaq-100 Index (NDX) and S&P 500 Index...Read More

The Spanish steel industry has demanded clarification from the government following a March 29 decree to shut down all non-essential production as part of the battle to contain the Covid-19 pandemic, Fastmarkets heard on Tuesday March 31. Spain's authorities issued a decree on Sunday that all non-essential activities and businesses must be stopped for the period starting March 30 and ending t...Read More

Jordan Roy-Byrne CMT, MFTAThe historic action of the precious metals sector over the past few weeks has continued.The strong recovery in GDX, GDXJ, and Silver has potentially invalidated the technical breakdown that occurred during the crash. It appears to be a failed breakdown.Furthermore, Gold was looking vulnerable on the weekly, and monthly chart yet was able to slingshot back to $1700/oz. I...Read More

Gary Savage Perma-bears are going to wrong. This is why:Read More

Ira EpsteinGold still has a bullish pattern in the short-term. Support around $1595..Read More

Range bound trade in gold and silver will be broken by tomorrow and a new range will be formed. A new month and a new quarter high on economic optimism but low on confidence. Uncertainty on global economy and inability to prevent coronavirus spread has resulted in gold remaining firm and crude oil and industrial metals trading with a softer bias. Spot gold should have broken past $1700. By the s...Read More

Vietnam will come under a 15-day lockdown from April 1, the country's health ministry said on Tuesday March 31. "The situation is very fluid now and there is no telling what may happen from now on," a ferrous scrap trader in the country told Fastmarkets on Tuesday.All cities in Vietnam will stop public gatherings and shut non-essential public services until April 15. Inbound flights have also been...Read More

Here are five Fastmarkets stories you might have missed on Tuesday March 31 that are worth another look.The Spanish steel industry has demanded clarification from the government following a March 29 decree to shut down all non-essential production as part of the battle to contain the Covid-19 pandemic, Fastmarkets heard on March 31.The closure of borders and reduced port operations across African...Read More

Ferrous scrap prices in the Mexican steelmaking regions of Monterrey and Bajio rose during the week ended Friday March 27 - bucking the trend in global markets - due to a strong devaluation of the peso.Most scrap buyers were forced to increase prices by 150-250 pesos ($4-10) last week.Some contractual volumes of ferrous scrap are quoted in dollars in Mexico, and a considerable amount of scrap come...Read More

A summary of base metals premiums from across the globe for the week to Tuesday March 31.Please click...Read More

The closure of borders and reduced port operations across African countries have led to month-long delays of copper cargoes, while suppliers have raced to re-route goods over the past week. "We are now stressed out trying alternative routes. But the problem is even if the cargoes can depart from other ports, their port capacities are significantly lower. We are talking about delay in terms of mont...Read More

Here are five Fastmarkets stories you might have missed on Tuesday March 31 that are worth another look.The Spanish steel industry has demanded clarification from the government following a March 29 decree to shut down all non-essential production as part of the battle to contain the Covid-19 pandemic, Fastmarkets heard on March 31.The closure of borders and reduced port operations across African...Read More

Dave Kranzler, Investement Research Dynamic's Mining Stock JournalI truly thought I had seen all that was possible in the creation of paper gold when the Comex rolled out its "pledged gold" category which enabled technically insolvent banks like HSBC and JP Morgan - the only two Comex banks to have taken advantage of this new gold derivative product - to use paper gold to satisfy the performance...Read More