Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
Whose bets are getting bailed out by the Fed's repos & Treasury bill purchases?Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-funded startup. He has a BA, MA, and MBA (UT at Austin). In his prior life, he worked in Texas and Oklahoma, including a decade as General Manag...Read More
By the way, Chicago is not "headed" for insolvency, it's already there, but it is just not recognized yet.Continue...Read More
If it seems like it was just over a month ago that the repo market suddenly suffered its biggest cardiac arrest since the financial crisis, when overnight repo rates exploded fromContinue...Read More
The hedge fund manager agreed to a lengthy interview with CNBC. It was wide-ranging and pushed the billionaire to tears.Continue...Read More
In our most recent editorial we concluded by observing a few positives in the gold and silver stocks. We concludedContinue...Read More
This is a response podcast to the interview that Max Keiser did on Kitco.Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC, to try to help the people of Main Street by teaching them the knowledge, skills, research methods, and investing expertise of Wall Street...Read More
Import prices for steel slab in Southeast Asia and East Asia moved higher over the past week amid stabilizing hot-rolled coil prices in the region, market sources said.HRC prices in Asia's main import market in Vietnam rose on the lack of cheap supply in the spot market, with offers for Indian HRC up $5-10 per tonne to $420-425 per tonne cfr Vietnam, Fastmarkets reported previously.The presence of...Read More
Trading activity in China's domestic rebar market picked up on Monday November 4 amid flat prices ahead of the China International Import Expo in Shanghai from Tuesday until Sunday.Eastern China (Shanghai): 3,670-3,700 yuan ($521-526) per tonne, unchanged Northern China (Beijing): 3,620-3,650 yuan per tonne, unchanged Rebar futures were trading above last Friday's settlement price of 3,364 yuan pe...Read More
Sector expert dissects recent Fed and other government actions and discusses his recent precious metals trades. In the 1976 movie "Network," British actor Peter Finch won an Academy Award for his stunning portrayal of news anchorman Howard Beale, whose on-air descent into insanity, prompted by the social and economic conditions of the times, is now legendary. The iconic scene where Beale, clad in...Read More
"This was a serious failure from a technical and compliance perspective. After reviewing the sites' data-privacy policy and terms and conditions."Continue...Read More
Thomas Philippon is the Max L. Heine Professor of Finance at the Stern School of Business at New York University. His new book The Great Reversal: How America Gave Up on Free MarketsContinue...Read More
The Dow, S&P, and Nasdaq all had nice daysIt was another big day for stocks in the U.S., as the major indexes spent the session in the black and hit fresh record highs. The Dow closed off its intraday peak, but still managed to overcome the weakness in McDonald's (MCD) shares to post a solid win. It was a similar setup for the Nasdaq and S&P 500, with the latter index brushing off Under Armour's (...Read More
The firm posted better-than-expected sales for its Xpovio drug The shares of Karyopharm Therapeutics Inc (NASDAQ:KPTI) hit an annual peak of $14.20 earlier, and are eyeing their highest close since a massive bear gap last October, following the drugmaker's third-quarter results. The firm posted a slimmer-than-expected per-share loss of 67 cents, and $12.8 million in sales for its multiple myeloma...Read More
The exercise specialist will report earnings tomorrow morningPeloton Interactive Inc (NASDAQ:PTON) is slated to take its inaugural turn in the earnings confessional as a publicly traded company before the market opens tomorrow, Nov. 5. The options market is pricing in a volatile earnings reaction, with the implied earnings deviation for PTONlast seen at 19.7%, and speculators are taking positions...Read More
BLUE, BB, and BNTX all received upbeat analyst attention todayThe U.S. stock market is soaring once more, with all three benchmarks nabbing new record highs. Among specific stocks making notable moves higher are gene therapy specialist bluebird bio Inc (NASDAQ:BLUE), tech issue BlackBerry Ltd (NYSE:BB), and biotech BioNTech SE (NASDAQ:BNTX). Here's a quick look at what's moving the shares of BLUE...Read More
At least four analysts have lifted their price targets on Alibaba stock The shares of Alibaba Group Holding Ltd (NYSE:BABA) are up 2.9% to trade at $181.56, and just hit a one-month high of $182.40 earlier today, following a flurry of analysts notes. At least five brokerages lifted their price targets, includingBofA-Merrill Lynch and J.P. Morgan Securities, which raised their estimates to $234 an...Read More
WWE shares have been crushed in the second half of 2019World Wrestling Entertainment, Inc. (NYSE:WWE) stock has been selling off since its peak above $100 back in April, including last week's bear gap from the $66 regionto below $57, and today the shares are adding to these woes. The stock is trading down 3% at $54.27, after Wells Fargo cut its price target to $80 from $94 and said the company has...Read More
AM Investco, the consortium led by ArcelorMittal that was put together to purchase Italian steelmaker Ilva, is pulling out of the deal, ArcelorMittal said on Monday November 4.The consortium has sent a notice to the Ilva commissioners indicating that it intends to withdraw from the agreement for the lease and subsequent conditional purchase of the Ilva business and certain subsidiaries.ArcelorMitt...Read More
The pharma stock could hit record highs soonDrugmaker Zoetis Inc (NYSE:ZTS) will report earnings before the open this Thursday, Nov. 7. While the shares of ZTS have already added more than 46% so far in 2019, and touched a record high of $130.20 in mid-October, the stock is once again flashing a historic buy signal -- suggesting more upside could be in store before year's end.Specifically, Zoetis...Read More
Wells Fargo is bullish on Marvell's 5G potentialA chip stock to keep an eye on is Marvell Technology Group Ltd. (NASDAQ:MRVL), for a lot of reasons. For starters, MRVL is up 5% to trade at $26.36 today, after Wells Fargo upgraded it to "outperform" from "market perform" and hiked its price target to $32. Plus, the stock recently pulled back to the 160-day moving average, which historically been a...Read More