No fewer than three analysts have raised their price targets CrowdStrike Holdings Inc (NASDAQ:CRWD) is up 17.5% to trade at $49.06 this morning after reporting a fourth-quarter loss of two cents, higher than Wall Street's estimated eight cent loss. CrowdStrike's reported $152.11 million in revenue also came higher than expected, causing no less than three analysts to raise their price targets, inc...Read More
Wedbush downgraded GME to "neutral" from "outperform" Video game retailer GameStop Corp (NYSE:GME) has reversed course this morning, down 7.4% to trade at $3.88, after Wedbush downgraded the equity to "neutral" from "outperform" and slashed its price target to $4.25 from $8. This comes just one day after, according to a report from Kotaku, the company called itself "essential retail" in a memo to...Read More
Apple is limiting iPhone purchases to two per customerIn response to the economic impact the coronavirus pandemic has had on the supply chains, Apple Inc (NASDAQ:AAPL) announced iPhone purchases from its online stores will limit customers to purchasing two handsets per person. Apple recently closed all of its brick-and-mortar stores outside of China and was handed a hefty fine -- over $1 billion -...Read More
Ford Motor Co has decided to temporarily halt production at its sites in Brazil and Argentina from next week due to the novel coronavirus (2019-nCoV) outbreak, the company said on Thursday March 19.The move aims to "keep employees safe and help limit the spread of the virus, as well to adjust the production volumes to the lower consumer demand due to this unprecedented situation", the company adde...Read More
Makingan investment is a great move. However, deciding on the kind of investment tomake is not the easiest thing to do. There is the worry if the investment isthe right one, or it will at all, bring on good returns. Investing in gold is asmart investment decision. The asset has been around for a while and beenconsidered a very valuable form of wealth. Today, it is still one of the mostvaluable ass...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 317,40535,48950,438154,761456,470522,604542,397 Change from Prior Reporting Period -18,885-1,270-3,626-28,187-54,782-50,698-59,678 Traders 18073785254268172 Small Speculators LongShortOpen Interest 51,32131,528573,925 -8,847133-59,545 non reportable posit...Read More
There will be position squaring and rebuilding for next week. Copper, crude oil, nickel and other industrial metals can rise as result. If silver falls below $9.50 or trades below $9.50, then it will imply that the corona virus has made Asia (except China) as its home ground. Economic data releases are useless at this point of time. Bank of England has cut its key interest rates to 0.10% in a se...Read More
Liberty Steel Group will halt operations at its Dudelange-Liege steelmaking sites tomorrow, sources told Fastmarkets on Friday, March 20.Liberty Steel Group will halt operations at its Dudelange-Liege steelmaking sites tomorrow, the company told Fastmarkets on Friday, March 20.A spokesman confirmed that all three Liberty Liege-Dudelange production sites - at Fl?(C)mal...Read More
In yesterday’sfree analysis, we explained why a short-term corrective upswing inthe S&P 500 was likely just around the corner. In today’s article, we’lldiscuss how it’s likely to impact our silverprice forecast. We’ll also make comment on the current opportunityin silver compared to the opportunity in the mining stocks. Let’s start with a few questions that...Read More
The China Iron & Steel Association (Cisa) has said that iron ore indices should be based on "real market transactions rather than being influenced by futures and swaps curves."In an interview with Xinhua News Agency last weekend, Cisa vice-chairman and director Luo Tiejun warned that market participants should be cautious about speculative risks, because some iron ore indices were "devia...Read More
Vale's iron ore distribution and blending center at the Teluk Rubiah Maritime Terminal (TRMT) in Malaysia will continue working after all, Vale said on Friday March 20, having earlier warned that operations might be suspended at the end of the month.On Wednesday March 18, the miner had said that operations at the terminal could be suspended until March 31 due to the impact of local gover...Read More
Slab export prices from Brazilian producers dropped sharply in the week ended Friday March 20, with customers avoiding purchases amid uncertainty about the spread of the 2019-nCoV coronavirus pandemic.Fastmarkets' weekly price assessment for steel slab, export, fob main port Brazil, fell to $400-430 per tonne on Friday, compared with $460-470 per tonne a week earlier.By late last week, offers of B...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 317,40535,48950,438154,761456,470522,604542,397 Change from Prior Reporting Period -18,885-1,270-3,626-28,187-54,782-50,698-59,678 Traders 18073785254268172 Small Speculators LongShortOpen Interest 51,32131,528573,925 -8,847133-59,545 non reportable posit...Read More
The mid-tier gold miners' stocks have been annihilated with COVID-19 fears infecting traders' sentiment. They crashed with gold getting hammered on extreme gold-futures selling! With blood in the streets, the buy-low opportunities are phenomenal. The fundamentally-superior mid-tier gold miners have epic upside potential during gold's next upleg. This key sector just reported outstandin...Read More
Dave Kranzler, Investement Research Dynamic's Mining Stock JournalThe "60/40 risk parity" hedge fund strategy has been decimated in the market sell-off. The strategy was supposed to generate consistent returns while minimizing risk. So why not apply hedge fund leverage to the trade and enjoy multiples of "consistent returns" and "minimized risk?" The risk parity funds were among the most...Read More
There will be position squaring and rebuilding for next week. Copper, crude oil, nickel and other industrial metals can rise as result. If silver falls below $9.50 or trades below $9.50, then it will imply that the corona virus has made Asia (except China) as its home ground. Economic data releases are useless at this point of time. Bank of England has cut its key interest rates to 0.10% in a se...Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ended Friday March 20.ChinaThe UG2 chrome ore price continued lower for a fifth consecutive week, with South African sellers slashing offer prices to stimulate demandSpot domestic Chinese ferro-chrome prices...Read More
An overview of the minor metals markets and the reasons for their latest price moves.Read More
While countries start to lock down their borders to prevent the spread of the novel coronavirus (2019-nCoV), mining companies are beginning to halt production, delay projects and withdraw staff. It is a natural response to a very unexpected situation that would only worsen if left unchecked. For the mining sector, it means a raft of production from projects and operations around the world is being...Read More