Export prices for Chinese stainless steel declined week on week despite the higher cost of nickel after suppliers lowered their asking prices in response to poor demand, market sources said.Concerns about Indonesia potentially bringing forward its ban on unprocessed nickel ore exports continued to provide support for nickel prices.The three-month nickel contract on the London Metal Exchange has av...Read More
For the first time since 2009, S&P 500?EUR?s dividend yield is higher than the yield on 30-year Treasury bonds.Continue...Read More
Je suis d?(C)sol?(C) mais j'ai pes?(C) sur << envoi >> au lieu de << coller >> et le courriel est parti. K.C., sur le courriel que tu viens de recevoir avant celui-ci, tu peux voir en action le pattern que j'appelle un half-way et dont je t'ai parl?(C) quelques fois. Quand tu es sur son chemin, c'est comme si tu ?(C)tais assis sur un rail quand le train passe : tu es mort. Pas moyen d'arr??te...Read More
Drilling in the first two vein zones continues to encounter high-grade gold. Westhaven Ventures Inc. (WHN:TSX.V) announced in a news release that during its ongoing drill campaign at its Shovelnose project in British Columbia, it discovered a Third Vein zone containing high-grade gold and silver. "With each new high-grade vein zone discovered, it increases the potential for substantial gold-silve...Read More
The focus of both programs is a single zone at the gold property. Gatling Exploration Inc. (GTR:TSX.V; GATGF:OTCMKTS) reported in a news release the findings from its surface exploration work at the Kir Vit zone of the Larder gold project in Ontario's Abitibi belt.The company determined the presence of high-grade gold at surface, specifically 7 grams per ton gold and 6.7 grams per ton gold.It als...Read More
Observations and takeaways from a visit to the company's Bulgaria properties are given in a Haywood report. In an Aug. 21 research note, Haywood analyst Mick Carew reported that Velocity Minerals Ltd. (VLC:TSX.V; VLCJF:OTCQB) is "is on track to repeat Atlantic Gold success" with its array of Bulgaria properties. The explorer would achieve this, he added, "through the development of several at/nea...Read More
The purpose of the work is to build a high-grade resource there. Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) began its $2.5 million, follow-up drill campaign at the KSM project in British Columbia, it announced in a news release. The company noted that the drilling is designed to "off-set and extend high-grade gold intersections discovered in previous drilling."With two rigs, the company will dril...Read More
The tech sector had a huge day, thanks to softened trade rhetoricAnother big day in the tech sector fueled a strong performance for U.S. stocks, with the Dow grabbing its highest close since Aug. 8. Traders responded bullishly to softened trade rhetoric between the U.S. and China, sending chip stocks to the top of the major indexes. As such, the S&P and Nasdaq also posted impressive wins, putting...Read More
One trader is betting on more big directional moves for GDX in the months aheadShares of VanEck Vectors Gold Miners ETF (NYSEARCA:GDX) are sinking this afternoon, down 2.7% at $29.57. However, today it looks like one trader is betting on a massive move for GDX over the next few months. Below, we'll take a closer look at the outcomes for this ambitious options trade, as well as how the gold ETF ha...Read More
GME stock is eyeing its highest close in a month A website reboot has the shares of GameStop Corp. (NYSE:GME) eyeing their highest close this month, up 6.2% at $4.12, at last glance. The video game retailer said the change was inspired by feedback from their customers, and urged people to explore their newly redesigned page, GameStop.com, which will offer a new in-store pickup feature and easy dis...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
COST could finally topple $300 in SeptemberCostco Wholesale Corporation (NASDAQ:COST) has been in focus this week, after the company's grand opening in Shanghai, China, drew frenzied crowds -- so big, in fact, the retailer had to shutter the store early on Tuesday. COST stock is trading around $296.15, at last check, a chip-shot from its Aug. 28 record high of $299.95. What's more, shares of the b...Read More
Tech tailwinds have FB shares on the rise todayFacebook, Inc. (NASDAQ:FB) is trading up 2% today, last seen at $185.46, rising with the broader tech sector. This move to the upside comes after a recent meet-up with the 160-day moving average. According to Schaeffer's Senior Quantitative Analyst Rocky White, the last three encounters with this trendline have sparked an average one-month gain of 6.2...Read More
AAPL shares are pacing for a big weekly winTrade headlines are driving stocks higher today. Among individual names making notable moves are iPhone maker Apple Inc. (NASDAQ:AAPL), cloud concern Nutanix Inc (NASDAQ:NTNX), and U.K. software firm Micro Focus International PLC (NYSE:MFGP). Here's a quick look at what's moving the shares of AAPL, NTNX, and MFGP.Apple's September Event Expected to Featur...Read More
Markets will be closed on Monday, in observance of Labor Day Next week will be short -- with markets closed on Monday in observance of Labor Day -- but packed to the gills with economic data and Fed speeches. Several Fed presidents -- including John Williams, James Bullard, and Charles Evans -- will take the stage. Elsewhere, Wall Street will digest reports on manufacturing activity, and the week...Read More
One airline stock could catch seasonal tailwindsIt's been a rough August for U.S. stocks, with the S&P 500 Index (SPX) set to close the month with a loss of more than 2%. However, ahead of the long holiday weekend -- which presents trading opportunities of its own -- we decided to hunt for stocks that could shine in September, if history is any indicator. Among the equities that tend to perform we...Read More
RambusThe most important part of investing is knowing if you are in a bull or bear market. It's always much easier to trade in the direction of the main trend. There are times when a market is reversing from bull to bear or vise versa that there is not a lot of confirmation the turn has completed which leaves one apprehensive about getting fully invested. The more clues you can get that the majo...Read More
By: Ira EpsteinGold needs to hold $1,535.30 to hold strong uptrend, support also at 18-DMA near $1,520. $1,556-1,565 resistance on the December gold futures contract:Read More
Are rates on the Ten-Year Note finally bottoming? Quite possibly, according to technical indicators that we monitor closely. T-Notes touched a low last week of 1.47% after plummeting almost relentlessly from 3.49% last November. GDP was running at around 3% back then, and almost no one other than a few hardcore deflationists, your editor among them, saw rates on the Ten-Year falling below 2%....Read More
There is still some apprehensions over the sustainability over the rise in silver price. Most investors (in my view) prefer gold over silver. Even my elder brother does not like to invest in silver. The reason is that four years ago he had invested in physical silver at Rs.53,000 per kilogram and the price is yet to come. Gold's preference over silver will continue among old traders and investor...Read More