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

China's finished steel exports decreased on a yearly basis in July 2019, as did exports in the January-July period.The country shipped 5.57 million tonnes of finished steel abroad in July, down 5.43% from 5.89 million tonnes a year earlier, according to preliminary Chinese customs data released on Thursday August 8. Last month's exports were 4.90% higher than June's...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

Both Micron and Skyworks have struggled this monthThe semiconductor sector is under pressure this morning, after a Bloomberg report indicated the U.S. was considering maintaining its ban on China's Huawei. This comes in response to China's move to stop buying American crops. Two chip stocks that are particularly impacted by this newsare Micron Technology, Inc. (NASDAQ:MU) and Skyworks Solutions...Read More

At least two brokerages have downgraded NKTR stockNektar Therapeutics (NASDAQ:NKTR) stock opened at its lowest level since mid-2017 today -- down 36% at $18.01 -- after the drugmaker unveiled manufacturing issues with bempeg, its experimental cancer treatment. Specifically, NKTR said it discovered two lots of the drug were manufactured differently than the rest in a recent clinical trial, and it w...Read More

Canopy Growth will buy U.K.-based biopharma name Beckley Canopy Therapeutics Pot name Canopy Growth Corp (NYSE:CGC) announced this morning that it's buying U.K.-based biopharmaceutical company Beckley Canopy Therapeutics for an undisclosed sum, in order to develop weed-based wellness products and strengthen its foothold in Europe. CGC shareholders don't seem too impressed, with the equity down 1%...Read More

Weak demand and bearish macroeconomic factors continued to pressure primary aluminium foundry alloy premiums lower in Europe and the United States on Friday August 9.Fastmarkets assessed the aluminium wheel alloy silicon 7 ingot premium ddp Germany at $335-355 per tonne on Friday, down from $340-355 per tonne on July 11. The premium fell for the second straight month, with market participants...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

David StockmanCall it the monetary theater of the absurd. After all, here is what a determined currency manipulator did between September 2002 and July 2008.To wit, it pumped about $200 billion of new dollar liabilities into the world financial system, thereby expanding the Fed's balance sheet by 26%. Clearly, global traders and US trading partners didn't welcome that flood of freshly minted...Read More

Gary TanashianHave you heard the news? US Treasury bonds are sky rocketing as it turns out there is no inflation amid a global central bank NIRP-a-thon and race to the currency bottom. Going the other way, our 30yr Treasury yield Continuum is burrowing southward.If you check out yesterday's post you'll see proof that the 2018 NFTRH view that people should tune out the bond experts instructin...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

Dear Friend of GATA and Gold:In a letter he titles "Too Early to Throw in the Towel on Central Bank Gold-Market Rigging," our friend J.U. writes"Great piece you wrote about precious metals breaking out to the upside (http://gata.org/node/19326) but I suspect it is way too early to think that central bank market riggers have thrown in the towel on suppressing them."What I see, despite all the exc...Read More

Analysts have already jumped to revise their price targets on the stockShares of business review platform Yelp Inc (NYSE:YELP) are surging this morning, up 8.7% at $38 at last check. The company last night reported impressive second-quarter numbers, and also revealed its Chief Financial Officer (CFO) Charles "Lanny" Baker will be stepping down effective Sept. 2, 2019. During the search for a repl...Read More

Jefferies quickly called the stock's pullback a buying opportunityAmarin Corporation plc (NASDAQ:AMRN) is one of the biggest losers before the bell today, last seen with pre-market losses of 19.2% to trade at $14.39. A label expansion application for the company's Vascepa drug -- a treatment meant to lower triglycerides in adults that has helped the shares rise almost 31% year-to-date -- has been...Read More

Prices for Brazil-origin steel slab remained unchanged in the week ended Friday August 9, with improved demand in the export and domestic markets helping to keep sentiment buoyant.The weekly Fastmarkets price assessment for steel slab, export, fob main port Brazil, was $425-435 per tonne on Friday, stable from the previous week.Slab producers were more optimistic after the price of iron ore took a...Read More

Oil prices are building on yesterday's gains, though Dow Jones Industrial Average (DJI) futures are signaling a triple-digit drop this morning, as the blue-chip index looks unable to build on yesterday's strong gains. Trade tensions with China resurfaced overnight, after a Bloomberg report indicated the Trump administration was not ready to lift its ban on U.S. companies purchasing Huawei products...Read More

Import prices for flat-rolled steel in South America were mostly down over the week ended Friday August 9, with Chinese mills making less expensive offers and liquidity in the region remaining low.Fastmarkets assessed the price for steel cold-rolled coil, import, cfr main ports South America, at $560-570 per tonne on August 9, down from $570-585 per tonne a week before. This was the lowest level s...Read More