Auto stocks are getting smokedStocks are selling off today, with the Dow Jones Industrial Average (DJI) down 217 points and set for its first close below the 25,000 mark since January. The risk-off approach comes after President Donald Trump announced Mexico as his latest tariff victim, putting intense pressure on auto stocks in particular. The energy and tech sectors are also seeing notable losse...Read More

Plus, options are attractively priced at the momentAlthough down today, Enphase Energy Inc (NASDAQ:ENPH) is only two days removed from four-and-a-half year high of $16.29. As the energy stock heads toward its fifth straight monthly win, there's reason to believe the good times are far from over, if this historical indicator is to be trusted.Specifically, the stock's Schaeffer's Volatility Index (...Read More

QCOM is headed toward its biggest monthly loss since early 2002Qualcomm, Inc. (NASDAQ:QCOM) topped out above $90 earlier this month after the chipmaker settled with Apple (AAPL) in a patent dispute -- marking QCOM stock's highest mark since January 2000. The shares quickly retreated on news of an antitrust court ruling, last seen down 1.6% at $65.56 -- putting them on track for their worst monthly...Read More

The shares have gained more than 11% so far this monthIt's been a dismal month for the U.S. stock market, with the S&P 500 Index (SPX) pacing toward a 6.5% May decline. However, video game stock Take-Two Interactive Software, Inc. (NASDAQ:TTWO) has been a bright spot amid the broader battering, up 11% from its April 30 close, and headed for its third straight monthly gain.In fact, the shares have...Read More

The chip stock is pacing for its worst month since the October sell-offIt's been a rough month for the stock market, with chip stocks hit particularly hard amid the escalating U.S.-China trade war. NVIDIA Corporation (NASDAQ:NVDA) stock is no exception, on pace to end its fourth straight week in the red, and set for its steepest monthly slide since the October sell-off. What's more, NVDA's technic...Read More

Tariff concerns have overshadowed Amazon's interest in Boost MobileE-tail powerhouse Amazon.com, Inc. (NASDAQ:AMZN) is back in headlines this week, today seeing a steep pullback alongside its fellow FAANG stocks in response to the latest tariff threat from President Donald Trump. At last check, AMZN is trading 1.6% lower at $1,787.44. Also making headlines for Amazon is its reported interest in b...Read More

GM is the largest automaker in MexicoThe auto sector took a hit this morning thanks to President Donald Trump's threats to impose up to 25% tariffs on all imports from Mexico in the coming months. As the largest automaker in Mexico, General Motors Company (NYSE:GM) has been hit hardest thus far, down 4.2% to trade at $33.85. General Motors stock has now breached its year-to-date breakeven point...Read More

Brazil-based miner Vale said fragments of the northern slope of the Gongo Soco mine pit slipped early on Friday May 31 but did not have any adverse effects on the nearby Sul Superior dam."These pieces settled gently at the bottom of the pit, with early assessments indicating that the wall is sliding gradually, verifying evaluations that any further slippage should occur without major consequence,"...Read More

Put traders have been buying options on EWW in recent weeksMarkets are reeling this morning after President Donald Trump said he will impose tariffs on imports from Mexico, and that's obviously bad news for the iShares MSCI Mexico ETF (EWW). The Mexican exchange-traded fund (ETF) is set to open down 5% at $42.30, which would be its worst day of 2019. However, not everyone may be a loser during th...Read More

Trump will impose tariffs on Mexico until it stops the flow of illegal migrantsFutures on the Dow Jones Industrial Average (DJI) are signaling a negative open, down more than 200 points, after President Donald Trump tweeted he will impose a 5% tariff on Mexican imports beginning June 10. "The Tariff will gradually increase until the Illegal Immigration problem is remedied," he wrote. Auto stocks a...Read More

Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 194,463107,77562,206191,290301,244447,959471,225 Change from Prior Reporting Period -9,165-7,048-21,32723,46325,479-7,029-2,896 Traders 17874875253270179 Small Speculators LongShortOpen Interest 57,16733,901505,126 3,512-621-3,517 non reportable positions...Read More

By: Ira EpsteinThe US Dollar very strong near two-year highs. Metals went into a state of collapse. Precious metals higher - fear will be needed to move the price higher..Read More

Vancouver, B.C. - May 27, 2019 - Ximen Mining Corp. (TSX.v: XIM) (FRA: 1XMA) (OTCQB:XXMMF) (the "Company" or "Ximen") is pleased to announce its option partner New Destiny Mining Corp. (TSX.v NED) has begun the 2019 field exploration program on the Treasure Mountain Silver Property, located near Tulameen, B.C. Drilling and Trenching has been approved under the company's current work permit.The...Read More

Here we go again. The Fed evidently has begun "conditioning" our "expectations" for a new season of quantitative easing. Fed Would Consider Interest-Rate Cuts if Growth Outlook Darkens is the headline atop a news story concerning a NYC panel discussion moderated by the central bank's vice-chairman. This is just what Wall Street and other promiscuous abusers of credit have been praying for l...Read More

If gold has not risen to $1350 in the next two weeks, then when will it rise? Apart from a strong US everything is bullish. (a) Trade war is between USA-China, USA-Eurozone. (b) Friendly Mexico will be imposed twenty five percent tariff until it stops illegal migrants from entering USA. (c) Every corporate is now cautious dealing with American companies and has starting taking measures to redu...Read More

Safeguard measures against billet imported into Vietnam from Malaysia and Kazakhstan will be reinstated from June 13, according to an announcement by Vietnam's Ministry of Industry and Trade (MIT) on May 29.Vietnam's MIT previously granted Malaysia and Kazakhstan exemptions from the tariffs, which amount to 17.3%, in November 2018 after it found that the two countries' combined billet export volum...Read More

The workable price for pig iron in the United States fell in the week to Friday May 31, mainly due to reduced demand for hot-rolled coil, sources told Fastmarkets.Earlier in the week, several pig iron cargoes were booked from Russia and Ukraine at about $350-355 per tonne cfr, which was slightly down on bookings in earlier in May, which were done at around $355 per tonne cfr. B...Read More

South American import prices for flat-rolled steel have gone down over the past week, following downturn in China and amid sluggish demand in the region, market sources said on Friday May 31.Fastmarkets assessed the import price of cold-rolled coil (CRC) in South America at $590-595 per tonne cfr on May 31, down from $600-610 per tonne a week before. The price of hot-dipped galvanized coil (HDG) w...Read More

Brazil-based miner Vale said fragments of the northern slope of the Gongo Soco mine pit slipped early on Friday May 31 but did not have any adverse effects on the nearby Sul Superior dam."These pieces settled gently at the bottom of the pit, with early assessments indicating that the wall is sliding gradually, verifying evaluations that any further slippage should occur without major consequence,"...Read More

Global ferrous scrap prices showed different dynamics during the working week ended Friday May 31, with Turkish import prices declining on limited buying activity and Asian import prices rising or holding their ground on steady demand. Turkish import prices down on lackluster rebar sales US export prices up on weekly basis, but latest sale closed lower Vietnam prices flat, Taiwan prices rise on st...Read More