By: Ira EpsteinMetals roar to the upside - Palladium explodes to the upside. The world wants to inflate:Read More
ASIAN METALS MARKET UPDATEI am not concerned over the rise in gold prices. I was bullish on gold, I am bullish on gold and I will remain bullish on gold. There will be corrections in gold prices. It will not be a one way traffic. What will be the floor price/bottom price if gold prices fall? To me a correction of $100-$125 are a part and parcel of the bull rally in gold. Right now gold should no...Read More
Roku stock is well into overbought territoryStreaming device stock Roku Inc (NASDAQ:ROKU) is up 0.5% at $53.48 in afternoon trading, as the options market gears up for the company's fourth-quarter earnings, slated for after the market closes tomorrow, Feb. 21. Below, we will take a look at what the post-earnings moves the shares have been priced in for, and how ROKU has been faring on the charts.R...Read More
Our research has indicated that precious metals should be setting up for a period of rotation and sideways trading over the next 20~30 days. We issued a research post on January 28, 2019 warning that precious metals would be consolidated over a 30~45 day period before setting up for a massive upside price move, here. This research was based on our Adaptive Dynamic Learning price modeli...Read More
Raymond James highlighted three reasons to be cautious on PSTG before earnings next weekFlash drive storage specialist Pure Storage Inc (NYSE:PSTG) this morning saw its stock's rating at Raymond James cut to "market perform" from "outperform." The brokerage firm noted the slowdown in data center sales from business partner Nvidia (NVDA), on top of the weakness seen from storage rival NetApp (NTAP)...Read More
Gold continues to soar, up 14% in the last six months and now challenging its 2018 highs.If you’re looking to understand why Gold continues to rally, you don’t have to look any further than the political arena where more and more politicians are calling for wealth taxes and cash grabs. Gold knows that these folks are not going to limit their plans to the super wealthy… it knows...Read More
Crude oil prices are flirting with YTD highs, but these stocks could dipOil prices are on the rise again today, with front-month crude last seen 1.8% higher at $57.08 per barrel -- a new year-to-date high. However, a pair of energy stocks recently flashed historically bearish signals, suggesting it may be time to jump ship on Gulfport Energy Corporation (NASDAQ:GPOR) and EQT Corporation (NYSE:EQT)...Read More
The company just sold its hemp foods unit Manitoba Harvest to weed giant Tilray The investment trust company Compass Diversified Holdings (NYSE:CODI) just announced the sale of its majority-owned hemp foods unit, Manitoba Harvest, to the marijuana concern Tilray Inc (TLRY) for roughly C$419 million. Compass said it plans to use the deal's proceeds to repay debts. As a result, CODI stock shot up ro...Read More
The VIX fell to a four-month low earlier The Dow Jones Industrial Average (DJI) is clinging to marginal gains at midday, as investors await the release of the latest Fed meeting minutes. There are no new trade developments between the U.S. and China to report, althoughPresident Donald Trump has been hinting at a possible extension to the March 1 tariff deadline. The S&P 500 Index (SPX) and Nasd...Read More
The time to invest is now, according to one economist.The man who warned of the 2001 tech crash, the 2008 subprime financial disaster and oil's shocking fall in 2016 - years before they happened - has issued a new earth-shattering statement:"Right now, the markets are giving investors a critical window to rapidly boost their retirement savings before the greatest stock market crash in American his...Read More
BHP does not see a case for any major new investment for the iron ore sector in its long-term view of the market despite recent supply disruptions in Brazil."[...] we have been concentrating for some time on maximizing the capacity of our existing investment, and we continue to do that and [...] have no plans we would change as a consequence of what is happening and the current high price, because...Read More
The drugmaker reported a fourth-quarter revenue beat and solid full-year guidance The shares of Bausch Health Companies Inc (NYSE:BHC) were higher out of the gate today, after the drugmaker reported fourth-quarterrevenue that surpassed analysts' expectations. The pharmaceutical concern also issued stronger-than-expected full-year revenue guidance, and said it will focus on important launches, incl...Read More
Mining companies in Brazil that operate 'upstream' tailings dams will have to completely decommission them by August 15, 2023, according to a new resolution issued by the country's mining agency ANM on Friday February 15.The document, published in the Brazilian official gazette on Monday February 18, showed that 84 dams currently operate through the upstream method, or an 'unidentified' one, and a...Read More
Tesla is replacing its general counsel after just two monthsThe shares of Tesla Inc (NASDAQ:TSLA) are down 1.8% in electronic trading, after the Wall Street Journal (subscription required) reported that the company was replacing its general counsel, Dane Butswinkas, after just two months on the job, effective immediately. Elsewhere, Electrek is calling attention to an email sent to employees th...Read More
Brazilian miner Vale has pre-emptively evacuated about 200 people living close to another of its iron ore tailings dams after reviewing an independent report, the company said on Sunday February 17.The people were taken from Nova Lima, close to the Mar Azul mine in the south-eastern state of Minas Gerais. Level 2 of the country's emergency action plan for tailings dams was triggered by Vale a...Read More
GRMN and FIVN stocks are ready to continue their technical outperformance todayGarmin Ltd. (NASDAQ:GRMN) just reported another strong quarter, topping both earnings-per-share and revenue estimates, while also giving a better-than-expected outlook for 2019. The company's CEO Cliff Pemble cited the aviation, marine, outdoor, and fitness businesses as drivers for the upbeat results. Revenue from the...Read More
Domestic prices for hot-rolled coil (HRC) in Southern Europe have increased over the past week, supported by higher import offers, sources told Fastmarkets on Wednesday February 20.In Northern Europe, domestic prices picked up slightly, but buyers largely resisted the rises. This region's steel sector has traditionally been less exposed to the influence of imports and more focused on its domestic...Read More
Trump has hinted at pushing back the March 1 trade deadlineDow Jones Industrial Average (DJI) futures are marginally lower today, as Wall Street remains focused on U.S.-China trade talks. Specifically, President Donald Trump hinted at a possible extension to theMarch 1 deadline, when tariffs on Chinese imports are set to increase. Elsewhere, traders are awaiting the Federal Reserve's minutes from...Read More
How you can transform lagging indicators into leading indicators.Despite the strong January kick-start to 2019, many investors are still apprehensive of what's to come, especially considering some of the latest market-moving events -- think Fed policy announcements, U.S.-China trade negotiations, and earnings season, to start.While it's certainly no crystal ball, becoming familiar with the various...Read More
By: Craig Hemke, TF MetalsOver the past few months, we've written frequently about palladium and the threat it poses to The Banks' Fractional Reserve and Digital Derivative Pricing Scheme. As palladium prices are continuing to rise, we thought it best to explain this dynamic again today.A few years back, my friend Max Keiser coined the phrase "buy silver, crash JP Morgan". Back then it was hoped...Read More