By: Ira EpsteinGold hit the upper bolinger band and retreated yesterday, some of the pros took some off the table. Big US holiday coming too. Gold Market overbought..Read More
There's a lack of sideline cash to fuel future rallies for EOGIn early August, oil name EOG Resources Inc's (NYSE:EOG) post-earnings pop was quickly halted at its 40-day moving average. The trendline was perched near $88 at the time -- a previously supportive region that also coincides with EOG's $50 billion market cap. The security is now trading below a trendline connecting higher lows since 200...Read More
Video game stocks have been under pressure from political headwinds latelyThe shares of Zynga Inc (NASDAQ:ZNGA) are up 3.4% to trade at $5.79 this morning, after Wedbush named the video game maker to its "Best Ideas" list. The brokerage firm raved about the company's catalog of titles such as"Merge Dragons!" and "Empires & Puzzles," and noted that upcoming releases could drive growth through 2021...Read More
J. Jill reported second quarter revenue that exceeded analysts' estimates Retail name J. Jill Inc (NYSE:JILL) is in focus this morning, with the company reporting a strong second quarter this morning. The company posted revenue that beat analysts' expectations, citing positive traffic over the summer, and a smaller-than-expected loss for the period. The firm also lifted its full-year guidance. In...Read More
Oil futures are up, as well Dow Jones Industrial Average (DJI) futures are trading well above fair value this morning, getting a boost from Johnson & Johnson (JNJ) stock. This is offsetting uncertainty surrounding the latest U.S.-China trade headlines, after a spokesperson for China's Foreign Ministry said they were unaware of a phone call between the two countries that was touted by U.S. Presiden...Read More
Aluminium premiums were mostly stable globally during the week ended Tuesday August 27, with participants shifting their focus to longer-term contract negotiations. But the recovery recently seen for Rotterdam material was spreading throughout Europe. Rotterdam uptrend pushing European premiums upMain Japanese port (MJP) premium flat; focus goes to quarterly contractsPremium in United States' Midw...Read More
PZZA put options have been very popular Papa John's International, Inc. (NASDAQ:PZZA) is trading up 6.8% before the open, thanks to news the pizza chain has named Rob Lynch, formerly the President at Arby's Restaurant Group, as its CEO. This price action would have PZZA shares above the 50-day moving average, which has been acting as resistance in recent weeks, and in the meantime, some traders wh...Read More
The fear index popped last week, which means SPY chart support will be in the spotlightWith the stock market stakes steadily rising in recent weeks on seemingly every front -- from the dreaded yield curve inversions that have dogged traders in August to Friday's fresh escalations in the U.S.-China trade war -- the Cboe Volatility Index (VIX) appears to be gradually awakening from its slumber. The...Read More
A summary of base metals premiums from across the globe for the week to Tuesday August 27.Please click...Read More
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
The Chinese ferro-silicon price continued to trend lower over the past week amid persistently weak domestic demand, while prices in Europe and the United States were steady in inactive spot markets. China's domestic ferro-silicon price drops on weak demand, adequate supplyExport price in China steady but vulnerableEU prices steady in quiet marketUS price flat due to inactivity Chinese ferro-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
The Black Sea export market for steel slab has come under pressure from the downtrend in the finished flat steel market and the weak sentiment heard in most outlets at the end of this month, Fastmarkets heard on Tuesday August 27.Buying activity in the traditional markets of Europe and Turkey was reduced because of holiday absences among potential customers. But both markets were expected to show...Read More
Here are five Fastmarkets MB stories you might have missed on Tuesday August 27 that are worth another look.The whole battery supply chain will benefit from lithium benchmark pricing, according to Fastmarkets head of battery raw materials research William Adams. The auto industry is going through a period of unprecedented change due to companies introducing electric vehicles into their portfolios...Read More
Stewart Thomson 1. A year ago, I predicted that any US stock market sell-off would be accompanied by a dramatic surge in the price of GDX an GDXJ.2. That's exactly what happened; the stock market tanked and key gold stocks soared.3. This year, I'm predicting that any major US stock market crash will again be accompanied by the soaring price of the gold producers...4....Read More
Dear Friend of GATA and Gold:The English-language edition of the Chinese government's newspaper Global Times published on Sunday a pretty dispassionate commentary attributed to the Beijing-based public policy research consultancy Anbound (http://www.anbound.com/AboutUS.php) advocating the world's return to a gold standard for currencies."From the perspective of the global financial system," the...Read More
Clint Siegner The crooked precious metals trading department at JPMorgan Chase lost another man last week. Christian Trunz pleaded guilty to criminal "spoofing" of the markets and resigned from his position as an Executive Director with the bank.The story mirrors that of John Edmonds, the Chase banker who pleaded guilty last October for rigging gold and silver prices.Like Edmonds' illicit tradin...Read More
By: Ira EpsteinGold hit the upper bolinger band and retreated yesterday, some of the pros took some off the table. Big US holiday coming too. Gold Market overbought..Read More
The whole battery supply chain will benefit from lithium benchmark pricing, Fastmarkets head of battery raw materials research William Adams says as he explores what is driving auto manufacturers to support this pricing mechanism. The auto industry is going through a period of unprecedented change due to companies introducing electric vehicles (EV) into their portfolios alongside internal combusti...Read More