The fall in gold will clear some short term investors and also result in a big increase in long term investors. Both gold and silver are good long term investment opportunities. In the short term gold and silver will see a see-saw type prices moves like yesterday. Global financial markets have to stabilize for gold and silver to for a short term direction. In the very short term both gold and si...Read More
Domestic rebar prices in the United Arab Emirates have gone down over the past week amid concerns about the spread of the 2019-nCoV coronavirus outbreak, sources said on Tuesday March 17.Local rebar producers announced new monthly domestic prices on February 25. Emirates Steel was offering rebar at 1,897 dirhams ($516) per tonne ex-works last week, but the company lowered its price once again this...Read More
Import prices for steel slab in Southeast Asia and East Asia fell over the week to Monday March 16 amid worsening sentiment while novel coronavirus (2019-nCoV) infections surge within the region. Fastmarkets' price assessment for steel slab imports, cfr Southeast Asia and East Asia was $405-415 per tonne on Monday March 16, down by $5 per tonne from a week earlier.A steelmaker in East Asia was hea...Read More
China's domestic rebar prices fell on Tuesday March 17 on weakening stock and futures markets, following the March 16 meltdown in the United States.Eastern China (Shanghai): 3,500-3,540 yuan ($500-506) per tonne, down 20-30 yuan per tonne Northern China (Beijing): 3,380-3,420 yuan per tonne, down 10-20 yuan per tonneOn March 16, US stock dropped 7.47% soon after opening, triggering a mel...Read More
Investors were encouraged by the Fed's actions to boost liquidityThe Dow bounced back today, after turning in its third-worst session of all time on Monday. The blue-chip index finished over 1,000 points higher, after the White Housereportedly backed a stimulus package of $850 billion in response to the coronavirus pandemic. Plus, investors were encouraged by the Fed's decision to buoy the commerc...Read More
The stock's 30-day moving average has stepped up as support latelyOne of the best stocks on the Nasdaq today is Regeneron Pharmaceuticals Inc (NASDAQ:REGN), last seen up 10.8% to trade at $488.42. This comes after the drugmaker announced it had identified hundreds of antibodies for potential treatment of coronavirus. Regeneron plans to identify the top two to develop a "cocktail" treatment, and b...Read More
Major indexes are in the black middayThe Dow Jones Industrial Average (DJI) is continuing its modest recovery from yesterday's third-worst day ever, up 500 points at last check. Also on the up is the S&P 500 Index (SPX) and Nasdaq Composite (IXIC), seeing a boost from FAANG giants Amazon.com (AMZN) and Netflix (NFLX). Guiding the rise in today's choppy market is a request by Treasury Secretary St...Read More
Uber just announced the temporary suspension of its ride-pool optionNews that Uber Technologies Inc (NYSE:UBER) is suspending all carpool or "pooled" rides in the U.S. an Canada in response to the COVID-19 pandemic has the ride-share concern down 8.3% to trade at $18.66 -- earlier touching a record low of $18.01. Senior vice president Andrew Macdonald said in a statement, "our goal is to help flat...Read More
Needham gave ZM stock a "buy" rating and a $140 price targetZoom Video Communications Inc (NASDAQ:ZM) is attracting attention with its invaluable video conferencing technology amidst the "social distancing" and quarantine trends triggered by the coronavirus pandemic. With that in mind, Needham initiated coverage on ZM with a "buy" rating and a $140 price target. The communication platform has beco...Read More
Amazon stock rose after it announced 100,000 new hires and internal raisesAfter it was announced that it would hire 100,00 new workers and give raises to current employees, shares of Amazon Inc (NASDAQ:AMZN) are up 3.1%, last seen trading at $1,741.22. The pre-market rise came despite news yesterday that Prime members should expect "out-of-stock" household items and delays for what would typically...Read More
The fast food chain will be shifting to take-out and delivery options in their U.S. stores Fast food giant McDonald's Corp (NYSE:MCD) is treading just below breakeven before the open this morning, down 0.3% at $149.03 as the company contends with how to move forward in the face of mass coronavirus closures in the U.S. MCD said it plans on closing many of its dine-in areas, while shifting to carry-...Read More
Dow futures are eyeing a 200 point popDow Jones Industrial Average (DJI) futures are eyeing a modest rebound this morning, up roughly 200 points, following yesterday's disastrous selloff and subsequently volatile overnight trading linked to concerns over the coronavirus. President Donald Trump weighed in on Twitter (TWTR) last night, saying "The United States will be powerfully supporting those i...Read More
Rambus/PlungerThe great debate on whether we're going to see inflation or deflation has been answered in spades. For years some of the greatest minds of our time have discussed this issue in great detail with each side giving probable reasons as to why we'll see either inflation or deflation. Both sides can make great points to their arguments but in the end only one side will win the battle tha...Read More
If you're feeling depressed because your retirement fund has been cut in half by the Covid-19 avalanche on Wall Street, take heart because you may have a good chance to get it back. Yeah, I know, I wrote here only last week that the bear market would stretch on for years, bankrupting us all and ushering in the Second Great Depression. But watching the spectacular collapse of Boeing shares has ma...Read More
The fall in gold will clear some short term investors and also result in a big increase in long term investors. Both gold and silver are good long term investment opportunities. In the short term gold and silver will see a see-saw type prices moves like yesterday. Global financial markets have to stabilize for gold and silver to for a short term direction. In the very short term both gold and si...Read More
The European Commission (EC) has published guidelines for border management measures including goods transportation during the outbreak of 2019-nCoV coronavirus, now that logistics issues have begun to bite, the EC said on Monday March 16.The rapid spread across Europe of the Covid-2019 disease caused by the virus has forced governments to resort to strict measures, including border closures in so...Read More
European car manufacturers have announced temporary stoppages at production sites across Europe due to the 2019-nCoV coronavirus pandemic, Fastmarkets learnt on Monday March 16.Car manufacturer Groupe PSA - maker of the Peugeot, Citroen, Opel and Vauxhall brands - has decided to close its plants in Europe, it said on Monday.It opted to close a number of production sites until March 27 "due to the...Read More
Cadence Minerals is poised to become a 20% shareholder in the Amap?? iron ore project in Brazil once the mine's current owner reaches a settlement agreement with its secured bank creditors. The London-based company and its joint-venture partners, Indo Sino Pte Ltd, have been in their own negotiations with the creditors and have offered a settlement involving a discount on the amounts owed by curre...Read More
The UK steel industry has welcomed a boost in infrastructure spending in the latest government budget, announced on March 12, but expressed disappointment about missed opportunities to tackle weaknesses in the sector.Chancellor Rishi Sunak announced investment of ?640 billion ($786.2 billion) in roads, railways, communications, schools, hospitals and power networks across the United Kingdom by 20...Read More
Stewart Thomson, Graceland Updates 1. The Corona war intensifies, and now the enemy has an air force! Health organizations like WHO are declaring the enemy virus airborne. 2. Pathetic Western governments and central banks are fighting back with the only weapons they have; more debt and propaganda that the fight is going "better than expected".3. Please click here now. Double click...Read More