Sector expert Michael Ballanger shares his dilemma in the face of a precious metals bull market. With due deference to the greatness of William Shakespeare, the opening line of Hamlet is one that has been found not only in literature, but in film, music and politics, and is a question that has been asked for centuries as to whether the pain we endure in life is preferable to the calm found in the...Read More

The price of steel hollow sections in the European domestic market is unchanged so far this week in stable conditions, sources told Fastmarkets on Wednesday September 4.Fastmarkets' weekly price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?585-630 ($641-690) per tonne on Wednesday, unchanged week on week."[Hollow section] prices have not changed not yet but t...Read More

Developments out of Hong Kong and China boosted global marketsThe Dow logged a triple-digit gain today, with the blue-chip's recovery sparked by a positive political development in Hong Kong and upbeat economic data from China. This helped drive a rally in tech stocks, with Intel (INTC) shares gaining more than 4%. Investors also digested a raft of Fed speeches, with comments from New York Fed Pre...Read More

Options action on 2 of today's biggest winnersBox Inc (NYSE:BOX) is one of the best stocks today, rallying 11.8% to $16.60, aiming to take out its 50-day moving average for the first time since mid-May. Sparking the rally is news that activist hedge fund Starboard Value has taken a 7.5% stake in the cloud concern. In response, options trading on BOX is through the roof. At last check, more than 11...Read More

The 2020 election could see some major changes in the American economic system.The U.S. 2020 election will be one unlike America has ever seen, predicts oneanalyst.With both sides growing increasingly divided, it's impossible to know which way the sentiment will shift, and what will happen as a result.But one Stansberry analyst has concerns about what the future holds, and how a radicalized presid...Read More

Turkey exported 463,220 tonnes of flat steel products in July 2019, according to the Turkish Statistical Institute (TUIK), down by 21.58% year on year from 590,685 tonnes exported in July 2018.The negative sentiment in the flat steel market in Europe in May, when orders for June and July shipping were placed, contributed to the decrease in exports. The United States market, however, has been pract...Read More

SBUX has tended to make outsized moves in the past 12 months, compared to what its options have priced inStarbucks Corporation (NASDAQ:SBUX) surged nearly 9% after the coffee concern's impressive turn in the earnings confessional in late July -- hitting an all-time peak of $99.72 along the way. The shares have since consolidated atop their rising 20-day moving average and 50% year-to-date return....Read More

The shares are both boasting double-digit percentage gains todayStocks have made a comeback today, led by big gains in the energy sector. Three specific stocks making notable moves are healthcare names Clearside Biomedical Inc (NASDAQ:CLSD) and Idera Pharmaceuticals Inc (NASDAQ:IDRA), as well as flight concern JetBlue Airways Corporation (NASDAQ:JBLU). Below, we'll take a look at what's driving...Read More

Jordan Roy-Byrne CMT, MFTAA few weeks ago we wrote that precious metals were at risk of a correction. First, they powered higher. But last week they ran into technical resistance levels that date back well beyond only a few years. This is true for Gold, Silver as well as the miner ETFs: GDX and GDXJ.Starting with Gold, we can see that it has struggled to get through $1550/oz. That's not a surp...Read More

I am continually amazed at how every turn in the numbers and the economy seems to present new information that is bullish for gold and silver. The train of logic becomes downright laughable at times.Other than entertaining in a perverse sort of way, the various proclamations and conclusions end up sooner or later in confliction with each other.One of the more glaring examples involves buying gold...Read More

By: Ira EpsteinGold is just a very solid move, almost straight up since gold's low in May - gold weekly chart:Read More

IYR hit a 12-year peak earlierThe real estate investment trust (REIT) sector has turned in an impressive performance on the charts this year, as evidenced by the price action in the iShares U.S. Real Estate ETF (ETF). The shares of the exchange-traded fund (ETF) have surged 25.4% year-to-date (YTD), and hit the $94.20 mark earlier today -- a chip-shot away from their February 2007 record high of $...Read More

This is part 2 of 2 of my gold price trend forecast analysis update, (Part 1 https://youtu.be/u1yAB5s8BKQ)Also this analysis was first made available to patrons who support my work (Gold Price Breakout - Trend Forecast 2019 July Update). So for immediate first access to ALL of my analysis and trend forecasts then do consider becoming a Patron by supporting my work for just $3 per monthSo the gold...Read More

Stocks are enjoying a relief rally todayThe Dow Jones Industrial Average (DJI) is trading higher today, with stocks benefiting from positive market news from around the globe. Mainly, traders are applauding upbeat headlines out of Hong Kong, while also keeping tabs on a flurry of Fed speeches. The tech sector is again outperforming, and energy stocks are some of the top gainers, too, rising along...Read More

A few weeks ago we wrote that precious metals were at risk of a correction. First, they powered higher. But last week they ran into technical resistance levels that date back well beyond only a few years. This is true for Gold, Silver as well as the miner ETFs: GDX and GDXJ.Starting with Gold, we can see that it has struggled to get through $1550/oz. That’s not a surprise as we poi...Read More

The software maker turned in a surprising second-quarter profitCoupa Software Inc (NASDAQ:COUP) stock is red-hot today, after the software firm reported a second-quarter adjusted profit of 7 cents per share, compared to expectations for a per-share loss of 10 cents. COUP also said revenue jumped 54% to a stronger-than-forecast $95.1 million on Business Spend Management (BSM) subscription growth, a...Read More

The ATVI stock breakout could be happening as we speakActivision Blizzard, Inc. (NASDAQ:ATVI) has been trying to gain its footing on the charts after a lackluster first half of the year, and some analysts see upside coming soon. Just this morning BMO raised its opinion on the stock to "outperform" from "market perform," and boosted its price target to $60 from $43. The brokerage's note discussed t...Read More

Navistar's earnings reaction comes one week after the stock hit a three-year lowOne of the top stocks on the New York Stock Exchange (NYSE) this morning is Navistar International Corp (NYSE:NAV), up 7.5% to trade at $23.49. The truck manufacturer reported fiscal third-quarter adjusted earnings of $1.47 per share on $3.04 billion in revenue -- handily topping estimates. Today's bounce comes after...Read More

The analyst sees more growth for the semiconductor sector in the second half of the yearJ.P. Morgan Securities said this morning that is feels confident in the acceleration of semiconductor stocks for the second half of this year, calling Broadcom Inc (NASDAQ:AVGO) its top pick. The analyst cited promising seasonal demand and said that chip stocks should continue their upward momentum assuming the...Read More

The price of mesh-quality steel wire rod in the Northern European domestic market decreased this week because of poor demand, sources told Fastmarkets on Wednesday September 4.Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe, was ?,?470-500 ($515-548) per tonne on Wednesday, down by ?,?10-15 per tonne.Underlying consumption of wire...Read More