The shares are down almost 15% in electronic tradingBeyond Meat Inc (NASDAQ:BYND) stock is bracing for a 14.7% drop out of the gate, after the plant-based burger maker announced a secondary stock offering roughly three months after its initial public offering (IPO) in order to fund the construction of more manufacturing facilities. This is offsetting a big second-quarter revenue beat of $67.3 mill...Read More

Trump criticized China for going back on a promise to purchase more American agricultural products New comments from President Donald Trump concerning trade talks between the U.S. and China are firmly in the spotlight today, and Dow Jones Industrial Average (DJI) futures are suffering as a result. Trump, in a series of tweets this morning, said the Asian country has not made good on its promise to...Read More

German metals distributor Kl??ckner & Co has changed a number of positions on its management team and has appointed a new chief operating officer and chief financial officer, the company said on July 29.These changes will take effect from August 1, 2019.Jens Wegmann, who has been a member of the management board since he became COO on December 1, 2017, will leave the company on July 31.The COO rol...Read More

This analyst predicts a major market moving event happening as soon as August 13.After nearly 27-years studying the stock market as a hedge fund manager, broker, and analyst, onesenior analyst thought he was prepared for everything Mr. Market threw his way.But last December he got word of a huge market event that's now less than 60 days away.He sent an urgent note to over 75,000 people who, over...Read More

The put/call ratio on this power trio of equity funds just cratered to a 2019 lowOne of the option-based indicators our research team has been tracking for quite some time now is the 20-day put/call ratio for combined buy-to-open volume across the SPDR S&P 500 ETF Trust (SPY), iShares Russell 2000 ETF (IWM), and Invesco QQQ Trust (QQQ). These three exchange-traded funds (ETFs), with combined asset...Read More

Take advantage of the first amendment, and participate in a nation-wide poll.With the 2020 election growing ever closer, the country continues to be divided politically.From disputes about the appropriateness of displaying the Confederate flag, to rights for minorities, and the ever-growing concern about security at the U.S. border, the 2020 election promises to be contentious... if not the most c...Read More

Global crude steel production was at 158.98 million tonnes in June, up 4.6% from 152 million tonnes a year ago, according to data released by the World Steel Association (Worldsteel).Output from Chinese steelmakers was 87.53 million tonnes, a 10% increase from 79.59 million tonnes in June 2018. India's output rose 4% to 9.34 million, while Japanese...Read More

By: Jim Willie CB www.Golden-Jackass.com Hat Trick Letter The widespread profound and recognized global recession, complete with numerous icon corporate failures, will lead the US Federal Reserve to return to unlimited Quantitative Easing with a Zero Percent chaser. The Jackass calls it a return to Infinite QE Forever at the Zero Bound. Not only is the double step of return to QE with...Read More

Stewart Thomson, Graceland Updates 1. Is gold finally due to swoon or can it continue to rally?2. The naysayers point to overbought conditions on the weekly charts, COT reports showing a mammoth short position held by the commercial traders, and the upcoming stock market "crash season".3. The bulls point to a peaking US business cycle, inflationary and growth-destr...Read More

"Follow the trend lines, not the headlines," President Bill Clinton once said. I'm a news junkie myself, but I guarantee you I wouldn't be where I am today had I based every one of my investment decisions on what the talking heads tell me.The headlines might make it feel like our lives are progressively getting worse sometimes, but the trend lines tell a different story. We're living longer, hea...Read More

China's stainless crude steel production increased over the first six months of 2019 amid steady growth in demand.Stainless steel mills produced 14.35 million tonnes of stainless crude steel in January-June period, up 1.13 million tonnes - or 8.51% - from an adjusted 13.22 million tonnes in the first half of last year, according to the China Stainless Steel Council (CSSC) late last Friday Jul...Read More

By: Ira EpsteinWeekly gold charts shows a bullish bias, but daily chart shows a different picture:Read More

Prices for rebar and billet imported into the United Arab Emirates have decreased over the past week, with demand only moderate although some deals were heard, sources said on Tuesday July 30.The lower price for imports was driven by weakening raw material prices.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey, was $286.65 per tonne on July 30, fallin...Read More

The export market for CIS-origin hot-rolled coil and cold-rolled coil (HRC, CRC) was flat during the week ended Monday July 29 because demand remained moderate while availability was still restricted.Fastmarkets' weekly price assessment for steel HRC, export, fob Black Sea, CIS, was $485-500 per tonne on Monday, widening downward by $5 per tonne week on week."There were no major bookings of HRC fr...Read More

A slump in global automotive sales in the first half of the year continues to put pressure on tungsten prices, with ammonium paratungstate (APT) and ferro-tungsten prices in Europe now falling to their lowest levels since 2017. The automotive industry is one of the key tungsten consuming sectors. Tungsten is a raw material of cemented carbide used in car body cutting tools, and reduced demand for...Read More

Three-month base metals prices traded on the London Metal Exchange universally closed down at the afternoon kerb on July 30, with a strengthened dollar complex and inflows across all metals, except zinc, exerting downward price pressure.An increasingly macro-sensitive base metals complex may be reacting to United States President Donald Trump's assertions, via social media, that current US-Sino tr...Read More

Here are five Fastmarkets MB stories you might have missed on Tuesday July 30 that are worth another look.Charge chrome prices have held at a 25-month low throughout July, highlighting the challenges South African producers are facing with rising production costs. A slump in global automotive sales in the first half of the year continues to put pressure on tungsten prices, with ammonium parat...Read More

(Kitco News) - Longer-term, gold prices are headed much higher than current levels and could even go to $5,000 an ounce, this according to Peter Schiff, CEO of Euro Pacific Capital. "I do think that this is the beginning of the breakout of the consolidation that we've been in for the last several years, but ultimately I think gold's going to go quite a bit higher than $5,000," Schiff told Kitco N...Read More

A healthy pullback or directly toward 1,500?Above US$1,400 the weekly chart remains bullish.Gold needs to break out above US$1,435 again to continue its rally.The Commitment of Traders Report is sending a dark red warning signal.Seasonality supports rising gold prices until end of September. Data byYCharts After an impressive rally gold and the SPDR Gold Trust ETF (NYSEARCA:GLD) are consolidating...Read More

German metals distributor Kl??ckner & Co has changed a number of positions on its management team and has appointed a new chief operating officer and chief financial officer, the company said on July 29.These changes will take effect from August 1, 2019.Jens Wegmann, who has been a member of the management board since he became COO on December 1, 2017, will leave the company on July 31.The COO rol...Read More