By: Avi GilburtLast weekend, the important point of note was that silver had basically run out of room. It had a series of 1's and 2's set up for it to "melt up," but it had to do so rather soon. Well, this past week, I would say that silver finally followed through and it took it directly to the level at which I noted on the chart was our next major resistance level. In fact, we were almost...Read More
Steel billet prices in Turkey continued to decline this week amid weak demand and a downturn in finished steel prices, sources told Fastmarkets.Customers in Turkey were showing very little interest in billet imports because of the sluggish sales of finished steel this week.Material from the Commonwealth of Independent States (CIS) was reported available in Turkey at $430-435 per tonne cfr, down by...Read More
Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric established Sprott Asset Management Inc. Over the years, Eric has personally been the recipient of numerous awards and honors, including one of Investor Dig...Read More
Bob brought 321gold.com to the Internet almost 14 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. Previously, Moriarty was a Marine F-4B and O-1 pilot with more than 820 missions in Vietnam. He holds 14 internati...Read More
Harry Dent is a Fortune 100 consultant, new venture investor, noted speaker, bestselling author, and the founder and senior editor at Dent Research, where he dedicates himself to identifying and studying demographic, technological, and geopolitical trends. He has a free daily newsletter at www.harrydent.com called "Survive and Prosper." Mr. Dent accurately predicted Japan's collapse in 1989, the d...Read More
Mike "Mish" Shedlock is a registered investment advisor and representative for Sitka Pacific Capital Management. His articles about the the economy and investing online can be found at Mish Talk. Read More
Maybe you favor nonintervention, but are you sure you know all the ins and outs of the situation in Syria in recent years? The great Scott Horton cuts through the propaganda to get to the real story. Read More
Prices in Southeast Asia's steel billet market edged down on Friday July 26 after domestic long steel prices softened in the region's major billet import markets of The Philippines and Indonesia.Domestic rebar prices remain soft because of the rainy season and the stronger Filipino currency, a trader in the Philippines said.The Philippine peso was trading at 51.11 peso per $1 on July 26, as compar...Read More
"The next breakout point had to be $1,450. I believe when it breaks beyond that, it's going to spike for the $2,000 mark," Celente told Kitco News.Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally c...Read More
Bob's website: tradegeniusacademy.comRead More
Brent discusses his background and how his fathers love of metal detecting developed in him an interest in the commodities space. His work with Credit Suisse taught him a lot about how Wall Street functions. He cautions investors that there is almost too much information available on the internet and that often leads to narrow viewpoints and echo chambers. He feels that people should own gold as i...Read More
The price of stainless-steel flat products in Europe increased this week because of higher monthly alloy surcharges for August, which themselves have increased on a spike in nickel costs this month, sources told Fastmarkets on Friday July 26. Fastmarkets' assessment of the stainless steel cold-rolled sheet 2mm grade 304 transaction domestic, delivered North Europe, price was ?,?2,190-2,250 ($2,440...Read More
Key data from the pricing sessions in China, Europe and the United States for the week ending Friday July 26. China Chrome ore prices continued to rise amid bullish sentiment and strong demand from downstream consumers even though some smelters are running at a loss. Chinese major stainless steel mill Tsingshan released its August tender price at 6,296 yuan...Read More
Positive earnings reactions for GOOGL and SBUX fueled upside for stocksEarnings drove stocks higher today, with positive reactions for Alphabet (GOOGL) and Starbucks (SBUX) pushing the S&P and Nasdaq to new record highs. The Dow brushed off an early dip to swing higher, too, led by strong sessions for Coca-Cola (KO) and Procter & Gamble (PG). The upside came even as National Economic Council Direc...Read More
KO, TWTR, and SBUX were notable earnings winners this weekThis week was all about the earnings. Amid a host of blue-chip quarterly reports, the Dow spent most of the week in a choppy trading pattern. The Nasdaq and S&P 500, on the other hand, both nabbed new record highs andit looks like all three benchmarks will lock up weekly wins. But earnings seasonwasn't the only talking point on Wall Street...Read More
CannTrust just fired its CEO Peter AcetoCanada-based pot stock CannTrust Holdings Inc (NYSE:CTST) announced last night that it fired CEO Peter Aceto and forced the resignation of President Eric Paul. The terminations closely follow several reports that Paul and Aceto were aware of illicit grow rooms in Southern Ontario, discovered by authorities last month. It has been a rough couple of months fo...Read More
EHTH sports a monstrous year-over-year lead that's approaching 400%The S&P 500 hit a record high today thanks to strong corporate earnings. Two names to monitor in today's trading are online health insurance service eHealth, Inc. (NASDAQ:EHTH) and logistics technology expert Flex Ltd (NASDAQ:FLEX). Here's latest on the shares of EHTH and FLEX. Analysts See More Upside For eHealth StockEHTH shares...Read More
Vector Group is replacing Tetra Tech on the S&P SmallCap 600 next weekTobacco concern Vector Group Ltd (NYSE:VGR) is set to join the S&P SmallCap 600 ahead of the open next Thursday, Aug. 1, replacing engineering services name Tetra Tech Inc (NASDAQ:TTEK) as the latter moves on to the S&P MidCap 400 Index (MID). The benchmark adjustments come as current MID constituents Chemical Financial (CHFC)...Read More
Invesco has been stagnant on the charts for monthsInvestment management name Invesco Ltd. (NYSE:IVZ) is moving lower this afternoon, last seen down 0.9%, at $19.34 -- set for back-to-back losses following yesterday's negative earnings reaction. IVZ has been stuck in between the the $19 and $21 levels since May, dragging its year-over-year loss to 25%. However, per data from Schaeffer's Senior Qua...Read More
The stock's previous run ups to its 40-day trendline have previously preceded weak price actionWhiting Petroleum Corp (NYSE:WLL) will report earnings after the market closes next Wednesday, July 31. The energy stock is flashing a "sell" signal on the charts ahead of the event, and given its history of negative earnings reactions, it could be time for a bearish play on WLL.After bottoming at a thre...Read More