A VIX close above 20 could enhance the odds of a volatility spike"A VIX breakout above 18.00 coincident with the SPX closing below 2,950 could set up a retest of the August lows in the 2,850 area. A worst-case scenario for bulls would be the SPX again retesting its year-over-year breakeven level, which has been the theme of many pullbacks during 2019. The October 2018 closing low was at 2,641, whi...Read More
"Emmerson (EML) signs MoU with Voltalia to look electricity provision to the Khemisset Potash Project in Morocco. Could reduce power costs and enhance economics of projectEML shares flat at 3.4p as firm advances Khemisset towards full feasibilityhttps://t.co/PsZJYI3KHM"Read full newsRead More
"Petra Diamonds (#PDL) announces a special tender of the 20.08 carat blue diamond recovered from the Cullinan mine in South Africa in Sept Viewings will take place from 1-7 November at Petra's diamond marketing offices in Johannesburg. https://t.co/7uXvCKQsrG @Petra_Diamonds"Read full newsRead More
The sell-off in Resideo stock has intensified since the spin-off.Resideo has an extremely attractive valuation which hints significant upside.The growth story is not in lines with what is expected from a growth company.Indemnity payments to Honeywell are weighing down the company's ability to generate FCF.It is almost 6 months since my previous article on Resideo Technologies (REZI), "The Good...Read More
"Shefa Gems demonstrates strong project progress in recent site visitInvestor Andy Morrison visited the firm's Israel project to discuss, among other areas, its marketing efforts and its progress towards securing a mining licence.https://t.co/294ynoeGuv#SEFA @shefagems"Read full newsRead More
The fact that the market closed at $1513, below the weekly trend momentum of $1517, means that we are coming into the week bearish.This has activated the extreme below the mean level target of $1501.Since the market closed above the average price of $1501, it activates the targets above the mean of $1538 to $1562.If gold closes below the mean of $1501, it will activate a bearish trend momentum and...Read More
The junior mining sector provides a massive reward-to-risk proposition, if investors are able to separate the wheat from the chaff.RNC Minerals and McEwen Mining are what I'd consider the chaff of the sector, with high-cost production and significant laggards to their peer group.This article sheds more light on why the two companies are best to avoid.The junior mining sector provides tons of o...Read More
Here is what's new today on INK Ultra Money.1. There is always a bigger fish: a repo primer and overview of the premium Jeff Snider interview - Real Vision (free content)A quick take on repos madness and on Jeff Snider's premium interview, "The Monetary System is Broken" which is listed below. Looking at the recently roiling repo market, AK asks what it means for the economy at large. Snider: Th...Read More
"$GLNG - Golar LNG: Read The Annual Report Before Investing. Read more and get updates on any stock! https://t.co/qqtHgF2WA6 #investing #finance #markets"Read full newsRead More
Here are five Fastmarkets MB stories you might have missed on Friday October 4 that are worth another look.Flat steel import prices were caught once again in the continuous global downtrend during the past week, as market participants await for Chinese offers to resume after the Golden Week and material from other origins was sold at lower levels.It has been a hectic couple of years for LME c...Read More
Here are five Fastmarkets MB stories you might have missed on Friday October 4 that are worth another look.Flat steel import prices were caught once again in the continuous global downtrend during the past week, as market participants await for Chinese offers to resume after the Golden Week and material from other origins was sold at lower levels.It has been a hectic couple of years for LME c...Read More
Billet price declines have slowed while several new deals were heard in global markets, but sources wondered where the Chinese market would move following the National Day holiday, celebrated October 1-7, Fastmarkets was told in the week ended Friday October 4. Southeast Asia China's markets were closed for the week-long National Day holiday and will resume trading on Tuesday October 8. An increas...Read More
Billet price declines have slowed while several new deals were heard in global markets, but sources wondered where the Chinese market would move following the National Day holiday, celebrated October 1-7, Fastmarkets was told in the week ended Friday October 4. Southeast Asia China's markets were closed for the week-long National Day holiday and will resume trading on Tuesday October 8. An increas...Read More
Here are five Fastmarkets MB stories you might have missed on Friday October 4 that are worth another look.Flat steel import prices were caught once again in the continuous global downtrend during the past week, as market participants await for Chinese offers to resume after the Golden Week and material from other origins was sold at lower levels.It has been a hectic couple of years for LME c...Read More
Here are five Fastmarkets MB stories you might have missed on Friday October 4 that are worth another look.Flat steel import prices were caught once again in the continuous global downtrend during the past week, as market participants await for Chinese offers to resume after the Golden Week and material from other origins was sold at lower levels.It has been a hectic couple of years for LME c...Read More
Give Online @ https://kevinzadai.com/give/ORText To Give!1.Text to: 985-633-17722. Message Any Dollar Amount3. Click "SEND"Note: Follow the prompts to register. (First Time Only)The next time to give, simply text your donation to 985-633-1772. That's It!Links to Purchase my Books!https://kevinzadai.com/store/Read More
One of India's top three coal mines, Dipka normally produces 35 million tonnes of coal annually. However, a dramatic flood in which the nearby Lilagar River changed course led to large areas of the mine being submerged, with heavy machinery damaged.The mine's production is now less than half its normal level, and much of it remains underwater, according to operator Coal India. Local media reported...Read More
On Friday the Trump administration formally announced it will permit the leasing of over 700,000 acres of federal land in central California for new oil and gas development, ending a five-year prohibition on fracking in the state.The Bureau of Land Management has not leased any federal land for oil and gas exploration in California since 2013. That was when a federal judge ruled the agency violate...Read More
"It came with a speed and ferocity that left men dazed. The bottom, simply fell out of the market... The streets were crammed with a mixed crowd agonized little speculators, sold-out traders... inquisitive individuals and tourists seeking ... a closer view of the national catastrophe...Where was it going to end?" account of stock market crash in the New York Times, October 1929 "In this age...Read More
Dave KranzlerOn October 4th, as I expected would happen, the Fed announced that it was extending its overnight and term repo operations out to November 26th (the November 12th two-week term repo matures on the 26th).The Fed added 7 more 2-week "term repos, " plus a 6-day "term repo," with the next three operations upped to $45 billion. It extended the overnight repos until at least November...Read More