Strengths? The best performing precious metal for the holiday shortened week was silver, up 7.26 percent, likely on the waves of money printing that's just getting started. Gold rose above $1,700 an ounce for the first time since 2012 on Tuesday after March's panic selling to raise cash has subsided. ETFs backed by gold added 263,504 troy ounces on Wednesday, bringing net purchas...Read More

By Stefan Gleason"All of the projection models were wrong. All of them," admitted New York Governor Andrew Cuomo in an interview last week with MSNBC.Governor Cuomo had been issuing frantic demands for tens of thousands of ventilators... that turned out not to be needed as the rate of new hospitalizations for COVID-19 infections in New York plunged with surprising speed.Governor Cuomo had warned...Read More

Christmas of 2019 I had advised to invest in gold and silver for Easter of 2020. Now I am asking to invest in gold and silver this Easter for Christmas of 2020. Overall gold and silver will continue to rise till Christmas. Even if the corona virus pandemic gets over and a vaccine is found (before Christmas of 2020), gold and silver will continue to rise. There is an over $40 price difference bet...Read More

Sector expert Michael Ballanger offers his take on how investment tactics have changed over time, as well as on recent market moves. Back in the Dark Ages, before cellular phones and the Internet, I was studying to complete the Ontario Securities course one afternoon when I came across the part discussing "asset allocation" and "portfolio construction." This section covered the recommended mix of...Read More

Calibre Mining announced drill results from the El Limon Panteon deposit that included 17.77 g/t gold over 10.8 meters. In a news release, Calibre Mining Corp. (CXB:TSX.V; CXBMF:OTC.MKTS) announced drill results from the Panteon deposit, which is part of the El Limon mine complex located in northwestern Nicaragua.The company stated that "the drilling results confirm the continuity of high-grade g...Read More

The Egyptian Ministry of Trade and Industry has postponed a duty reduction on billet and rebar for a period of six months until October 12, 2020, Egyptian sources informed Fastmarkets on Sunday April 12.The duty was supposed to be reduced on April 12.The Egyptian Ministry of Trade and Industry announced a definitive safeguard duty of 16% of the cif price and a minimum of $74 per tonne for steel bi...Read More

The Dow started the week down over 300 pointsThe Dowfinished the day down over 300 points, extending its middaylows as blue-chip Caterpillar (CAT) weighed heavy. The S&P 500 also finished the day in the red, as investors grew wary of the impending start to earnings season, and the Organization of the Petroleum Exporting Countries+ (OPEC+)'s decision to cut oil production over the weekend. Tech-h...Read More

Coronavirus cases in the U.S. are now the most in the worldFresh off the Easter holiday, Dow Jones Industrial Average (DJI) futures are poised to drop this morning. On the forefront of investor minds is the conclusion of the Organization of the Petroleum Exporting Countries+ (OPEC+) meeting, where a deal was reached with allies on a global output cut of 9.7 million barrels a day, effective in May....Read More

Dr. Anthony Fauci says COVID-19 infections in the U.S. seem to be slowingThe Dow Jones Industrial Average (DJI) is beginning the week with a sharp loss, down nearly 500 points at midday. Today's fall comes as investors process the historic oil production cut from the Organization of the Petroleum Exporting Countries+ (OPEC+) meeting over the weekend. Last week, the U.S. stock market turned in o...Read More

Prices for imported steel billet in Egypt increased in the week to Thursday April 9, however, market activity was very weak because of the Covid-19 pandemic, sources told Fastmarkets.Domestic demand is weak, but even then steel billet stocks were low, so buyers booked some material, sources told Fastmarkets.Local rebar prices have not changed in the country since late February, when some Egyptian...Read More

The equity's 160-day moving average has meant more downside in the past Chemical product manufacturer Olin Corporation (NYSE:OLN) is pivoting lower today, down 4.1% at $14.48, right on the heels of a six-day win streak, culminating in a one-month high just north of the $15 region, which served as support for OLN prior to its early March bear gap. It's not just the $15 level keeping the shares of O...Read More

Bank of America is expected to post its first-quarter earnings later this weekWith a first-quarter earnings report due out before the open on Wednesday, April 15, the shares of Bank of America Corp (NYSE:BAC) are falling back, down 4.1% at $23.83 today after running out of steam at their 40-day moving average, which is also home to BAC's pre-bear gap lows near the $25 region. Below, we'll take a...Read More

DAL has shed more than 60% in 2020The20 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. Stocks highlighted in yellow are new to the list. One name that sticks out is Delta Air Lines, Inc. (NYSE:DAL), not too much of a surprise given the current near-halt in...Read More

Turkey produced 5.865 million tonnes of crude steel in January-February 2020, up by 12.7% from 5.203 million tonnes produced in the corresponding period the year before, according to the Turkish Steel Producers Association (T???oeD). The rise in output was largely attributed to the significant decrease in production in Turkey in the second half of 2018 and all of 2019. The decline in Turkey's crud...Read More

Amazon is putting new grocery delivery requests on a wait list as demand skyrockets Amazon.com, Inc. (NASDAQ:AMZN), is up 1.5% at $2,073.47 amid news that the e-commerce giant will create a wait list for new shoppers trying to use their online grocery delivery service, as more customers turn to such services due to coronavirus-related lockdowns. Amazon also said it will adjust hours in some of its...Read More

Disney is furloughing 43,000 workersWalt Disney Co (NYSE:DIS) is down 2% to trade at $102.38 at last check, despite receiving a $2 target price raise by Guggenheim to $100. Meanwhile, the worldwide entertainment company is furloughing 43,000 workers, effective April 19, after closing resorts last month due to the coronavirus pandemic. Taking a look at the charts, Disney stock just breached famili...Read More

Christmas of 2019 I had advised to invest in gold and silver for Easter of 2020. Now I am asking to invest in gold and silver this Easter for Christmas of 2020. Overall gold and silver will continue to rise till Christmas. Even if the corona virus pandemic gets over and a vaccine is found (before Christmas of 2020), gold and silver will continue to rise. There is an over $40 price difference bet...Read More

Credit Suisse upgraded Dunkin Brands to "outperform" from "underperform" Dunkin Brands Group Inc (NASDAQ:DNKN) is unable to extend last week's rally this morning, down 0.6% at $57.64, despite Credit Suisse issuing a double-upgrade to the doughnut specialist to "outperform" from "underperform." The analyst also cut its price target to $67 from $73, but added that the company's business model is one...Read More

Here are five Fastmarkets stories you might have missed on Monday April 13 that are worth another look.Argentinian crude steel production fell by 26.7% year on year in March due to the closure of most plants during a mandatory quarantine enforced by the federal government to contain the spread of the Covid-19 virus, national steel chamber Acero Argentino said.A total of 222,020 tonnes of copper sc...Read More

For example, the VIX's 50 area marked peaks on multiple occasions since the late 1990's, with the one previous exception to last month being since October and November 2008. When the 50 area was taken out in 2008 and last month, it signaled more damage to come. Bulls hope that last week's move back below the 50 area last week signals that the worst is over, or at least near over. However, there...Read More