The AutoCAD software developer cut its full-year forecast on trade uncertaintyAutodesk, Inc. (NASDAQ:ADSK) stock is down 11.1% to trade at $133.57, after the AutoCAD maker cut its full-year forecast, citing macro uncertainty amid U.S.-China trade tensions. This is offsetting the software concern's second-quarter earnings and revenue beats, and has ADSK stock on track for its biggest one-day percen...Read More

Back in June 2019, we posted a research article suggesting that Natural Gas was setting up an extended basing pattern below $2.35 preparing for a seasonal rally that typically initiates in late August or early September.  We believe the basing pattern has nearly completed and now is the time to begin positioning for the upside price rally that we believe will hit in Natural Gas as early a Sep...Read More

The analyst says the stock's recent lows provide a solid entry point for buyers The shares of U.K.-based biotech Myovant Sciences Ltd (NYSE:MYOV) are popping this morning on a bull note from Goldman Sachs. The analyst initiated coverage on the stock with a "buy" rating, and a $20 price target -- more than double last night's close of $7.86. Goldman said the stock's recent dip provides a good entry...Read More

Jordan Roy-Byrne Back during the bear market years (it's nice to be able to write that now), I regularly would compare the declines in Gold, Silver and gold stocks to their past history. It gave us a visual representation of just how bad the forever bear market was and helped us decipher when it might end.Thankfully that is all behind us.Now it's time to compare recent bullish moves to past iter...Read More

By: Ira EpsteinHoliday mentality. 18-DMA $1513+ and rising. $1,558 resistance area on Bollinger bands..Read More

Currency exchange rates can make or break a steel trade, and with forex volatility in emerging markets expected to continue for the rest of the year, the Asian ferrous markets are likely to see more price fluctuations before the end of 2019.These five currency pairs should be on your watch-list for the significant influences they could bring to bear on key global steel and ferrous scrap trade flow...Read More

The protracted economic battle between the United States and China will rewrite the rules of global trading and will not be resolved anytime soon, steel market sources in Asia told Fastmarkets."The world will wait and see who is able to gain the upper hand in the end and then follow the new rules of trading set by the winner," a major trader in China said.Market sources expect the entire ferrous s...Read More

The Chinese government has revived a 25% tariff on imports of US automobiles and a 5% tariff on auto parts, set to take effect on December 15, which some market participants worry could imperil future investments as well as steel and base metals demand.Chinese tariffs on US-made cars and auto parts were placed on hold in April, but the Chinese government reinstated them on Friday August 23. Beijin...Read More

An overview of the noble alloys markets and their latest price moves.Read More

The three-month nickel price on the London Metal Exchange was higher at the close of trading on Wednesday August 28, breaching the $16,000 per tonne resistance level in a bout of short covering, while tightness in the metal's forward curve meant that it continued to trade at record levels.Some 8,000 lots of nickel changed hands by the close of trading on Wednesday, while the metal's price fluctuat...Read More

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday August 28.Please click...Read More

The price of steel hollow sections in the European domestic market has been reduced, with mills looking to stimulate demand by making lower offers, sources told Fastmarkets on Wednesday August 28.Fastmarkets' weekly price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?585-630 ($649-699) per tonne on Wednesday, widening downward by ?,?30 per tonne.The correspond...Read More

Here are five Fastmarkets MB stories you might have missed on Wednesday August 28 that are worth another look.Australian lithium spodumene producer Galaxy Resources has bought Alita Resources' debt for $31.1 million, including interest, fees and costs.Chinese aluminium producers are ramping up production on improved aluminium prices, with output at one smelter - Shanxi Meixin Industry - now runnin...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

David BeckerAug 27, 2019 5:43 PM GMTGold BarsGold prices moved higher as President Trump’s rhetoric lost some steam, following comments from Chinese newspaper editor Hu Xijin.  The editor and chief of the Global Times called into question Trump announcement that China called and wants to come back to the table. President Trump called equity markets on Monday, which helped buoy riskier...Read More

The dream of building a new world-class copper-gold mine in Pakistan in an area bordering Afghanistan and Iran has been dashed, for now at least. The saga of Tethyan Copper Co's (TCC) efforts to develop the Reko Diq mine found resolution last week with an International Centre for Settlement of Investment Disputes (ICSID) ruling in favor of TCC following a dispute that has rumbled on for years.TCC,...Read More

Christopher LewisAug 27, 2019 6:19 PM GMTGold markets initially tried to rally during the trading session on Tuesday but has given back quite a bit of the gains as we are in relatively quiet trading. Keep in mind that the gold market is very bullish overall, but it looks like we are starting to run into a few headwinds here. We probably need to digest the idea of being above the $1500 level, and t...Read More

Gold futures climbed to their highest finish since 2013 and silver rallied to a more than two-year high on Tuesday, with losses in U.S. stocks and a drop in Treasury yields providing a boost to the precious metals as investors hopes for progress on U.S.-China trade talks faded. Gold for December delivery GCZ19, -0.03% on Comex rose $14.60, or 1%, to settle at $1,551.80 an ounce. That was the high...Read More

10% gains are just the start, so join Mike & Half Dollar for 'Silver Doctors Live' at noon to find out what's going on with silver...Mike & Half Dollar are your hosts of Silver Doctors Live, airing Wednesdays at 12:00 p.m. EST.Catch the replay below if you missed it live!#WhyIsSilverGoingUp? Good question, and the reason for the #PriceSpike in #Silver is surprisingly simple. Tune-in for discussion...Read More

SD Midweek Update: Silver is on the move again, and we've discovered the exact reason for the price spike...Psst.Wanna know?Everybody does.Everybody knows, too.The dice have been loaded.But now they're smoothed over.The weighted part bare for all to see.The rigged dice are no longer suspicion.They just don't roll the same anymore.No matter how they play it off.And everybody knows, too.But that's n...Read More