Many short sellers and options traders are profiting from today's crashSpecialized pharmacy stock Diplomat Pharmacy Inc (NYSE:DPLO) is trading at record lows today, earlier bottoming at $7.33, after the company announced it's delaying the release of its fourth-quarter and full-year 2018 earnings report, and is pulling its 2019 forecasts due to greater-than-expected weakness in its pharmacy benefit...Read More

Major Vietnamese integrated steel producer Formosa Ha Tinh Steel has increased its new hot-rolled coil offers by $40 per tonne for April-delivery and shipment cargoes due to the recent increases in raw materials costs.The producer's SAE1006 HRC is now on offer at $535 per tonne on a cif basis, up $40 per tonne from $495 per tonne cif for iMarch-shipment materials. And its SS400 and pipemaking...Read More

President Trump and China's Vice Premier Liu will meet later todayThe Dow Jones Industrial Average (DJI) is confidently higher today, up triple digits as optimistic investors await news from this afternoon's trade talks between U.S. President Donald Trump and Chinese Vice Premier Liu He. The blue-chip index is headed toward its ninth straight weekly win, its longest weekly winning streak since 19...Read More

The passage of Bill C-45 could be a signal to early investors that pot stocks are ready to pop.With Bill C-45 now in effect, it's possible that in the very near future, investors may be seeing stock market gains that will never be seen again. This is a sentiment echoed by The New York Times, which reported that when this bill passes as expected, it will "completely legalize marijuana as a consu...Read More

The stock is trading near a historically significant trendlineThe shares of Amazon.com, Inc. (NASDAQ:AMZN) hit a year-to-date high of $1,736.41 on Jan. 31, thanks to a blowout earnings report for fellow FAANG name Facebook (FB). AMZN stock has since pulled back amid a negative reaction to the e-tailer's fourth-quarter results, as well as a number of PR headaches. However, the equity could be heade...Read More

Major Chinese mills' daily crude steel output edged up in late January, but finished steel inventories dropped sharply.Members of the China Iron & Steel Association (Cisa) produced crude steel at an average rate of 1.82 million tonnes per day during the last 11 days of January, up 0.55 % from 1.81...Read More

STMP has more than halved this morningShares of shipping name Stamps.com Inc. (NASDAQ:STMP) are down more than 56% at $87.01 -- and just touched a fresh two-year low of $85.56 -- after the company announced the discontinuation of partnership with the U.S. Postal Service (USPS). CEO Kenneth McBride said the company will "fully embrace partnerships with other carriers ... well positioned to win the...Read More

The company's founder announced his return as CEO last night The shares of Zillow Group Inc (NASDAQ:ZG) are up 9.8% at $38.48 in early trading after the company's founder Richard Barton announced his return as CEO last night. The news came with the online real estate concern's fourth-quarter earnings report, in which Zillow posted stronger-than-expected revenue. ZG has suffered two dramatic bear g...Read More

Eastern China's Shagang has increased the prices for its long steel products for orders booked in late February. The mill is selling its HRB400 16-25mm rebar at 3,950 yuan ($587) per tonne over the February 21-28 period, up 50 yuan per tonne from its last set of prices released on February 1,...Read More

The brokerage firm's new price target is a 24.5% premium to INTC's Thursday settlementIntel Corporation (NASDAQ:INTC) is trading up 2.6% this morning at $52.76, following an upgrade at Morgan Stanley to "overweight" from "equal weight." The brokerage firm also moved its price target all the way up to $64 from $55 -- representing 24.5% expected upside from yesterday's close and multi-year high terr...Read More

The import pig iron market in the United States calmed down during the week ended Friday February 22, after several bookings were completed, sources told Fastmarkets on the day.Fastmarkets' import price assessment for pig iron in the US was $355-360 per tonne cfr on February 22, stable week on week."The workable price for buyers is still below the target price for suppliers, but everything will de...Read More

As more millennials are interestedin sustainable investments, one "green tech" company is leading the charge on clean drilling.Concerns about climate change and the high cost of energy have driven the maturation of the "Green Technology" movement into a trillion-dollar industry.Socially Responsible Investments (SRIs) are the most popular component of the average millennial's 401K, according to a r...Read More

The streaming name's fourth-quarter results beat on both the top and bottom lineThe shares of Roku Inc (NASDAQ:ROKU) are up 5.7% in electronic trading, after the streaming device service reported fourth-quarter earnings of 5 cents per share on $275.7 million in revenue -- more than analysts were expecting. What's more, Roku added 3.3 million users over the three-month period, while user streaming...Read More

Several Fed speakers could weigh in on the recent batch of ugly economic dataDow Jones Industrial Average (DJI) futures are up over 100 points today, on hopes that a trade resolution between the U.S. and China is in sight. Ahead of the March 1 tariff deadline, and after weeks of lower-level trade talks, President Donald Trump and Chinese Vice Premier Liu He will meet in Washington, D.C., today. El...Read More

COT SPECIAL PUBLICATION SCHEDULE Reminder -- Due to the U.S. Government Shutdown (February 1 Announcement) The last COT report was published on December 21, 2018. Reports going forward from that date will be published in chronological order beginning with the report previously scheduled for release on Friday, December 28, 2018 (based on data from Monday, December 24, 2018). The CFTC publ...Read More

The gold miners' stocks surged strongly this week, blasting to new upleg highs. The mounting gains are naturally driving more interest in this small contrarian sector, shifting sentiment towards bullish. Despite their accelerating rally, gold stocks still remain fairly low technically and deeply undervalued relative to gold. So their strengthening upleg likely has plenty of room to run c...Read More

Prices for imported flat steel products in South America continued to rise over the past week with Chinese mills not backing down from more expensive offers made after the Lunar New Year celebrations, despite faltering demand in the region, Fastmarkets heard on Friday February 22.Fastmarkets assessed the import price for hot-rolled coil (HRC) in South America at $560-570 per tonne cfr on February...Read More

HighlightsMichael Pento, President and Founder of Pento Portfolio Strategies LLC returns to Goldseek.com Radio.Mr. Pento graciously outlines his current portfolio-strategy in detail for the listening audience.One of the few economic pundits to correctly anticipate the market plunge of 2018 on record.Gold and utilities remain favorite long positions, while he is comfortable with a short positi...Read More

By: Ira EpsteinGold still lower-lows, higher-highs...Read More

On Wednesday the Indoos poked marginally above a key peak at 25,908 recorded in December. This would likely have caused a multitude of technical traders and algos to smack their lips with anticipation, since such breakouts, even when slight, are among the most bullish events that can occur on charts. Of course, it could also be a great way for Mr. Market to set a ruinous trap for bulls, since th...Read More