Tilray was nearing overbought territory heading into todayThe last time we checked in with Tilray Inc (NASDAQ:TLRY), it was New Years Eve, and options traders were blasting the weed stock's recent bottom. Fast forward three weeks, and TLRY has rallied into a trendline that has historically bearish implications for the next month. More specifically, Tilray stock is trading within one standard dev...Read More

The U.S.-China trade agreement and the coronavirus are in focus todayThe Dow Jones Industrial Average (DJI) is looking to snap its five-day win streak today as Wall Street continues to keep an eye on the coronavirus outbreak in China that has already claimed four lives. The S&P 500 Index (SPX), and Nasdaq Composite (IXIC) are cooling off from last week's all-time highs, as well. Meanwhile, pipe...Read More

AMD has been a long-term outperformer Chip name Advanced Micro Devices, Inc. (NASDAQ:AMD) is up 1.2% and fresh off a record high of $51.81 this morning, surging after receiving two analyst bull notes. Deutsche Bank hiked its price target to $40 from $29, while Northland Capital Markets raised to $42. The catalysts are unclear, but the double dose of optimism has AMD pacing toward a fourth straigh...Read More

"Who will be the big winners from a nickel price boom?With demand set to soar as supply issues linger, @danielflynn92 looks at several London stocks primed to benefit from a surge in nickel prices.https://t.co/0DYWDAk4v5#HZM #POW #nickel #EVs @HorizontePLC @PowerMetRes"Read full newsRead More

Short interest on COST is at the highest point since MarchThe shares of Costco Wholesale Corporation (NASDAQ:COST) have jumped 2.1% out of the gate to trade at $310.92, after Oppenheimer upgraded the retail stock to "outperform" from "perform," while lifting its price target to $335 from $300. The brokerage firm wrote about the equity's attractive valuation, while mentioning the company's improvin...Read More

Most analysts are already tremendously bullish toward ETONIn the biotech sphere today, the big news is a co-promotional agreement between drugmakers Eton Pharmaceuticals Inc (NASDAQ:ETON) and privately held Xellia Pharmaceuticals. The two companies will team up to promote Biorphen, Eton's Food and Drug Administration (FDA) approved blood pressure treatment. In response, Eton stock is up 3.2% to...Read More

Evercore ISI lifted its price target to $404 from $342Adobe Inc (NASDAQ:ABDE) is brushing off a bull note from Evercore ISI this morning, just one session after hitting an all-time high of $349.95. Specifically, the analyst raised its price target to $404 from $342 -- a roughly 15% premium to Friday's close. At last check, ADBE is down 1.2% at $345.40.The equity has been on a tear after breaking o...Read More

"Oriole Resources (#ORR) sits close to one-year highs after announcingthe successful application for a new licence at its Dalafin project in Senegal (now called Senala)https://t.co/AUCADsokGx"Read full newsRead More

"Little movement in Ironridge Resources' (#IRR) share price despite firm announcing that successful battery grade lithium conversion trials were conducted on samples from its Ewoyaa lithium project in Ghanahttps://t.co/R9Rusr0Z71"Read full newsRead More

Investors are keeping an eye on the virus outbreak in AsiaThe Dow Jones Industrial Average (DJI) could be set to snap its five-day winning streak today, as U.S. stock futures trade below fair value. Traders are monitoring the effects of the coronavirus outbreak in China, which is putting pressure on travel stocks this morning. Investors are also taking in headlines from the World Economic Forum in...Read More

There's a key VIX level to watch in the coming weeks"The S&P 500 is on one of its longest streaks without a 1% daily move in the past five decades, highlighting how the latest leg of the stock-market rally has been a gradual climb rather than a euphoric surge. The broad equity gauge hasn't moved 1% or more in either direction since mid-October, its sixth-longest streak since the end of 1969 and th...Read More

* Copper registers biggest one-day loss since Oct. 31 * Investors scramble to shed copper longs (Updates with closing prices) By Eric Onstad LONDON, Jan 21 (Reuters) - Copper prices slumped on Tuesdayas investors liquidated recent bullish positions over fears thata new strain of coronavirus in China could hit economic growthin the world's top metals consumer. The metal often used as a gauge of eco...Read More

Vale's massive S11D iron ore mine in Par??, Brazil. Photo by Jos?(C) Rodrigo Zermiani, Vale. Metals and mining research and consultancy group Wood Mackenzie has identified five trends that will impact the iron ore industry in 2020.Slower demand growth, especially in China, and a decent recovery in seaborne supply will continue to feature prominently in the iron ore industry in 2020, Wood Macken...Read More

The three-month nickel price on the London Metal Exchange was higher at the close of trading on Monday January 20, back above the $14,000 per tonne threshold against the lowest turnover since December 24 last year.In contrast, lead futures edged lower against a similar absence of liquidity.Nickel's outright price on the LME closed at $14,025 per tonne on Monday afternoon, back above nearby resista...Read More

The Chinese government published the long-awaited non-ferrous scrap metal renaming criterion on its website late on Friday January 17. This is the latest policy adopted by the world's biggest scrap metal importer. Copper scrap, of copper content ranging 94-99.9% and meeting certain impurities thresholds, will be renamed under five categories of renewable materials. Below is a table translated and...Read More

The three-month lead price on the London Metal Exchange climbed by 0.5% during morning trading on Monday January 20, briefly breaching the $2,000 per tonne mark, while continued inflows of nickel have prompted minimal price reaction. Lead's outright price on the LME rose above $2,000 per tonne during morning trading before dipping back below the key resistance level to $1,985 per tonne. Trading vo...Read More

Jack ChanPosted Jan 20, 2020Gold sector as represented by $HUI is on a long-term BUY signal.Long-term signals can last for months and are more suitable for investors.Gold sector as represented by $HUI is on a short-term SELL signal.Short-term signals can last for weeks and are more suitable for traders.Speculation is at a new high.Silver speculation is at levels of previous tops.Our ratio is on se...Read More

Samancor Chrome has provisionally decided to restructure its mining and smelting operations in a move that will reduce staff and production levels due to the deteriorating chrome markets and rising power costs, Fastmarkets has learned. South Africa's largest ferro-chrome producer wrote to employees and unions on Friday January 17, in letters seen by Fastmarkets, warning that it had made the provis...Read More

UG2 chrome ore prices continued to rise in the week to Friday January 17 after sellers reported higher bids due to a stronger yuan and market sources are eyeing stronger demand after the Chinese New Year holiday (January 24-30). Fastmarkets' chrome ore South Africa UG2 concentrates index basis 42%, cif China edged up by $1 or 0.7% to $136 per tonne on Friday from $135 per tonne in the previous wee...Read More

Fastmarkets will host a free web seminar on Wednesday February 26 at 10am London time, to discuss the current trends for alumina and the evolution of its pricing.Benchmark alumina prices have been static below $280 per tonne for the past month, with Chinese demand underpinning the market. Register here to join the webinar. Date Wednesday February 26, 2020Time 10am London timeJoin our market expert...Read More