The stock has seen support at its 160-day moving averageBargain retailer Five Below Inc (NASDAQ:FIVE) has had a mostly strong year on the charts. So far the shares have tacked on 28.9% year-over-year, and despite a recent fall, they're seeing a floor of support at the historically supportive 160-day moving average. Also emerging as support has been the $119 level, which represents seven times the...Read More

By: Ira EpsteinHow dovish will the FOMC be next week? Gold lost its trend, support in lower $1,300's:Read More

Although the S&P 500 and the Dow Industrials have been in explosive rallies for the last five days, traders appear skeptical, if not to say skittish. As the take-no-prisoners short squeeze has unfolded, a widely watched 'fear indicator' has refused to give ground; this, despite a 700-point burst in the Dow Industrials and a corresponding gain in the S&Ps over the last three days. The VIX Volatil...Read More

Gold needs to trade over $1339-$1345 zone to start another wave of rise. Chances of correction will be high as long as gold does not break this zone. Silver needs to fall below $1445 or break and trade over $1492 for direction. Momentum is down for silver. Copper can see a temporary rise. Crude oil can fall first and then rise. Trend is still down for gold and silver. Buyers and investors will...Read More

J.P. Morgan Securities said the move was strictly due to valuation concernsBeyond Meat Inc (NASDAQ:BYND) stock is spiraling today, down 18.9% at $136.33, pacing for its worst day ever by far. This comes after J.P. Morgan Securities downgraded the stock to "neutral" from "overweight," saying the vegan burger maker's risk/reward is now balanced, and calling the move "purely a valuation call." Howeve...Read More

Sector expert Michael Ballanger describes why he has swung from long to short on the precious metals and miners. Before we go any further, let it be known that in the days leading up to this missive, i have gone from "net long" to "net short" on gold, silver and the miners. Those receiving my email blasts and those following me on Twitter (@Miningjunkie) have been put on notice that...Read More

Weekly FB calls have been popular in recent daysFacebook, Inc. (NASDAQ:FB) was hit hard last week as reports swirled throughout the tech sector about potential federal investigations. However, an analyst note this morning suggested regulatory concerns are already priced into the stock, and are overshadowing the company's growth potential. This came from Moffett Nathanson, which upgraded FB shares...Read More

Virtually every analyst in coverage rates AVGO a "buy"When we last checked in with semiconductor concern Broadcom Inc (NASDAQ:AVGO), the stock was flashing a bullish signal before Memorial Day weekend. Today, AVGO is up 2.8% to trade at $289.24, after the company inked a new supply arrangement with Apple (AAPL) for the next two years.Broadcom stock is heading towards its seventh straight win. Aft...Read More

The drugmaker announced weak results for its experiential NASH treatment The shares of Cymabay Therapeutics Inc (NASDAQ:CBAY) are plummeting, after its experimental drug used to treat a fatty liver disease called nonalcoholic steatohepatitis (NASH) was only minimally effective during a mid-stage study. The stock is eyeing its biggest one-day drop ever, and already brushed a new two-year low of $...Read More

Brazilian production of light vehicles increased by 29.9% year on year in May due to a recovery in domestic consumption.The country produced 275,700 units in May, up from 212,300 units a year earlier, according to figures released by national car association Anfavea late last week.The increase in production was mainly due to a continuing recovery in domestic market consumption, Anfavea said.....Read More

After an incredible rally in Natural Gas that our researchers called perfectly in November 2018, another opportunity for an upside price move appears to be setting up for later this year. We believe the current price lows, near $2.30, are setting up for a bounce and then will drop and form a basing pattern near $2.00 before rocketing higher.  It is this last move to the downside which wi...Read More

After months of advancing, the U.S. dollar's climb is showing signs of weakness.Over the last five years, the greenback has risen almost 20 percent, whereas other world currencies have not been so lucky. For example, the Euro has declined by 19 percent.The Yen has dropped over 6 percent and the Swiss Franc has descended over 11 percent, all during the same time frame.The U.S. economy has hit some...Read More

The Dow looks poised to extend its win streakThe Dow Jones Industrial Average (DJI) is yet again set for a positive open, with futures trading more than 100 points above fair value. Another win would be a seventh straight for the index, while the S&P 500 Index (SPX) is also trying to extend its win streak to six. This comes as markets overseas gained on news of potential infrastructure spending in...Read More

Eastern China's Shagang has lowered the list prices for its rebar and wire rod booked and shipped in mid-June. The mill is selling its HRB400 16-25mm rebar at 4,070 yuan ($588) per tonne over the June 11-20 period, down 180 yuan per tonne from its last...Read More

Critical chart levels stepped up to support Amazon at last week's lowsA couple of months ago in this space, we wrote that Amazon.com, Inc. (NASDAQ:AMZN) -- by virtue of its unique cross-sector footprint, as well as its uncommonly massive market capitalization (around $885 billion, as of this writing) -- was worthy of tracking as its own "micro market bellwether" of sorts, given its exposure to bot...Read More

China's finished steel exports fell in May on both a year-on-year basis as well as when compared with the preceding month. The country shipped 5.74 million tonnes of finished steel abroad last month, down 16.5% from a year earlier, according preliminary Chinese customs data released on Monday June 10.Last month's exports are also...Read More

Americans' trust in institutions, from the federal government to banks to the news media, has been deteriorating for decades. Sixty years ago, three quarters of Americans expressed faith in the government to do the right thing "most of the time" or "just about always." Today, only one in five people, a near-record low, believes our leaders make decisions in the country's best interest.The news m...Read More

Domestic rebar prices in Brazil fell during May as leading steelmakers battle with new participants for market share amid low domestic demand, retreating from announced price increases.Fastmarkets' domestic rebar price assessment was 2,450-2,600 Reais per tonne delivered on June 7, down from 2,600-2,720 Reais per tonne a month prior. The bottom of the price range is at its lowest for this year.Lon...Read More

Dear Friend of GATA and Gold:Responding to your secretary/treasurer's observation Sunday that central bank and government interventions against gold have been becoming more obvious --http://www.gata.org/node/19134-- our friend C.W. writes that the more obvious interventions against gold become, the more effective they are."As more investors see that the gold market is relentlessly and successful...Read More

By: Clint SiegnerA "perfect storm" is brewing for midwestern farmers. Unending rains have led to the flooding of tens of millions of acres of farmland. The deluge comes on the heels of years of low crop prices.It has the makings of an agriculture disaster on a scale never seen before.The nation may see a "perfect storm" in terms of food inflation. Prices for some farm commodities figure to be a...Read More