Ambulances covered in protective film transport six Russians who suffered severe radiation poisoning in mystery explosion during 'test of new hypersonic missile'Continue...Read More
China's rebar prices dropped sharply in both the domestic and export markets on Friday August 9 amid bearish sentiment among market participants. Domestic Eastern China (Shanghai): 3,650-3,680 yuan ($518-522) per tonne, down 120 yuan per tonneNorthern China (Beijing): 3,640-3,660 yuan per tonne, down 90-100 yuan per tonneHigh inventories, dropping raw material prices, and weakening deman...Read More
Key data from the pricing sessions in China, Europe and the United States for the week ending Friday August 9. China UG2 chrome ore prices ticked down, breaking a four-week rally, after depreciation of the yuan against the dollar raised the cost of importing material. The charge chrome market was stable for the sixth consecutive week amid limited activity. ...Read More
Domestic European transaction prices for stainless-steel flat products were expected to increase in late August, when market activity revives after the seasonal slowdown, sources told Fastmarkets on Friday August 9.The price increase was expected to be driven by rising nickel prices. The price of nickel, 3 months, London Metal Exchange Daily Official, was $15,675-15,680 per tonne on August 9, up f...Read More
We are not saying that gold and some gold stocks have notperformed well particularly after 2013-2014. Many gold stocks have put in outstandingperformances while many of the so called experts in the investment world missedthem. Note well that the major American brokerage industry willnot and has proven incapable of ever offering timely and accurate advice forgold and gold stocks. Generally speaki...Read More
Reduced volumes of Chinese-produced steel have been going into the country's export markets throughout 2019 so far. So why is it that steel product prices remain under pressure in other global markets?According to China's General Administration of Customs, in July 2019 the East Asian country exported 5.57 million tonnes of steel, including both semi-finished and finished material. This was down ye...Read More
Stocks made another late-day push todayIt was another day of volatile trading on Wall Street. In fact, today's price action mirrored Thursday's, with stocks paring sharp losses in the final hours of trading. The Dow even flirted with positive territory late in the day, despite downbeat trade comments from President Donald Trump, though the tech-rich Nasdaq remained lower as chip stocks took a hit....Read More
Markets suffered their worst day of 2019 on MondayIt was a volatile week on Wall Street, with U.S.-China trade headlines sparking the whipsaw price action. The bulk of the action occurred to the downside, with stocks notching their worst day of the year on Monday after President Donald Trump labeled China a currency manipulator -- sparking a dramatic surge in the Cboe Volatility Index (VIX) that's...Read More
Both names announced strategic reviewsStocks are trading lower today on renewed U.S.-China trade tensions. Among individual names making notable moves are food delivery firm Waitr Holdings Inc (NASDAQ:WTRH) and Xerox spinoff Conduent Inc (NYSE:CNDT). Here's a quick look at what's moving the shares of WTRH and CNDT.Piper Jaffray Downgrades Waitr StockAfter being halted several times throughout the...Read More
Gold futures are climbing as investors rush to safe-haven assetsGold prices have been in focus lately, as investors flock to safe haven assets amid the latest Fed decision and escalating trade tensions with China, flirting with six-year highs in recent days. This is good timing for Barrick Gold Corp (NYSE:GOLD), with the gold miner set to report second-quarter earnings before the open Monday, Aug...Read More
Trump said he was "not ready to make a deal" with China The Dow Jones Industrial Average (DJI) is looking to end the wild trading week on a sour note, down more than 200 points at midday. President Donald Trump confirmed earlier reports that the U.S. is "not going to do business with Huawei," sending chip stocks into the red. In addition, the U.S. leader said he was "not ready to make a deal" wi...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 350,55858,01349,905137,010461,335537,473569,253 Change from Prior Reporting Period 38,3441874,206-4,15432,20438,39636,597 Traders 23566765661312185 Small Speculators LongShortOpen Interest 62,84431,064600,317 -1,37742237,019 non reportable positionsChange...Read More
Steve St. Angelo, SRSrocco Report After six long years, the precious metals are finally setting up for BIG MOVES higher. Even though the gold price has increased significantly over the past two months, we haven't seen anything yet. Of course, gold has already enjoyed big moves in other currencies such as the British Pound where it has reached an all-time new high. However, we have to be a...Read More
The US stock markets are becoming more unstable, fueling mounting anxiety about what's likely coming. After surging to new all-time-record highs in late July, stocks plunged in a sharp pullback as the US-China trade war escalated. Stock markets' resiliency in the face of bearish news is partially determined by how companies are faring fundamentally. The big US stocks' just-reported Q2'19 r...Read More
Dr. Stephen Leeb & Chris Waltzek Ph.D. - August 7th, 2019. .Mp3 file. RecapBest selling author and show Mentor, Dr. Stephen Leeb returns with insights on the financial markets.Dr. Leeb is especially fond of the yellow metal, which recently touched a new 6-year record.The BIS changed its stance on gold, which it now views as compared to cash, boosting demand.Ironically, gold is the true cas...Read More
By: Ira EpsteinGold market is a bit excessive and overbought. It has broken out to the upside..Read More
Reduced volumes of Chinese-produced steel have been going into the country's export markets throughout 2019 so far. So why is it that steel product prices remain under pressure in other global markets?According to China's General Administration of Customs, in July 2019 the East Asian country exported 5.57 million tonnes of steel, including both semi-finished and finished material. This was down ye...Read More
Major Chinese steelmakers' daily crude steel output rates were largely flat in mid-July compared with the previous period.Member mills of the China Iron & Steel Association (Cisa) produced crude steel at an average rate of 2.02 million tpd during the second 10 days of July, up a mere 0.2 %...Read More
One trader placed a well-timed bet ahead of earningsThe shares of ViewRay (NASDAQ:VRAY) are getting destroyed today, after the radiation therapy concern reported a steeper-than-expected quarterly loss and cut its full-year sales guidance. The firm also announced the departure of CFO Ajay Bansal. At last check, VRAY stock was down 55.5% at $3.00 -- and it looks like one options trader placed a well...Read More