The penny stock has almost doubled in value todayOptions traders are blasting Moneygram International Inc (NASDAQ:MGI) today, as the penny stock pops -- last seen up 99.5% at $2.82. Boosting the equity is news that company inked a two-year deal with blockchain firm Ripple. In addition to Ripple buying $30 million of MGI shares for $4.10 apiece, representing a roughly 183% premium to Monday's close...Read More

A summary of base metals premiums from across the globe for the week to Tuesday June 18.Please click...Read More

There's heavy open interest at NXPI's 100 strikeChip stocks are having a strong day, and one name joining in on the rally is NXP Semiconductors NV (NASDAQ:NXPI). NXPI stock is trading up 4.7% at $93.94, as the shares move back toward the $100 level after breaching it about a month ago. They're also trading near two levels of key technical support in the 160- and 200-day moving averages. Based on d...Read More

By: Ira EpsteinGold consolidating gains?Read More

Click Chart to enlargeI am resuming bitcoin coverage and will treat it as nothing special, since that's the best way to be objective when reading its charts. The one shown provided two good opportunities to get long 'mechanically' at 7481, so we'll assume that its target at 10,026 will prove just as useful as a minimum upside objective. We'll talk about buying a pullback to the red line (p=833...Read More

There can be big one way moves in gold and silver anytime. Short term traders and investors are on the sidelines. Gold short sellers are waiting for an opportunity. It remains to be seen if they fail this week. Cautious optimism in gold for now. Physical buyers of gold will be on the sidelines. In the next three weeks, there are various risk. (a) 18th June and 19th June is the FOMC. (b) 28th Jun...Read More

Near-term options traders are pricing in modest volatility expectations Toymaker Hasbro, Inc. (NASDAQ:HAS) gapped higher after a positive earnings surprise in April, and after a subsequent pullback, has resumed its upward momentum. The equity has already added 12.9% so far in June, barreling past the $100 level to trade at year-to-date highs. In fact, HAS stock is now within striking distance of t...Read More

With the precious metals markets range-bound and driven by forces beyond his control, sector expert Michael Ballanger turns his contrarian eye to the past. With gold enjoying its best week of the year, with the Daily Sentiment Index charging northward, with the Relative Strength Index (RSI) pressing 72 for the GLD, with the RSI for GDX pushing 75, and finally, with the newsletter community all fal...Read More

Base metals traded on the London Metal Exchange had all closed up by the afternoon kerb on June 18 after the potential US Federal Reserve interest rate cuts inspired a bullish sentiment. The optimism for the complex may be short lived however, because market consensus has already deemed this flurry of activity as a short-covering exercise before the US Fed and Federal Open Markets Committee (FOMC)...Read More

July-dated crude futures are up more than 4% todayThe U.S. stock market is surging at midday, after President Donald Trump tweeted about "an extended meeting" with Chinese President Xi Jinping at next week's G-20 summit. This only strengthens tailwinds created by stimulus chatter from European Central Bank (ECB) President Mario Draghi, and has the Dow Jones Industrial Average (DJI) set for its hig...Read More

Raymond James downgraded the stock to "market perform" from "outperform" Real estate concern Lennar Corporation (NYSE:LEN) is seeing some negative analyst attention today. Specifically, Raymond James just downgraded the stock to "market perform" from "outperform," citing concerns over theupcoming earnings report on June 25 next week, as well as the stock's "rich" valuation. The analyst maintained...Read More

Technical analyst Clive Maund charts gold and explains why he believes this is a good time to build positions.With things shaping up so well for gold, we can certainly take any short-term correction in our stride, and more than that, we can seize upon it as an opportunity to build positions further across the sector, whether by means of ETFs, stocks or options, and of course, gold itself.Several f...Read More

It's a big morning for social media stocksSocial media stocks are buzzing this morning on Facebook's (FB) cryptocurrency announcement. Sector peers Snap Inc (NYSE:SNAP) and Pinterest Inc (NYSE:PINS) are also in focus thanks to bullish analyst notes. So, let's dig into SNAP and PINS shares this morning.Starting with the Snapchat owner, Aegis Capital upgraded its rating to "buy" from "hold" and lift...Read More

The brokerage firm thinks valuation and consensus estimates "look too low"Bank of America Corp (NYSE:BAC) stock is up 0.1% at $27.83, after BMO upgraded the financial stock to "outperform" from "market perform," saying valuations and consensus estimates "look too low." The brokerage firm maintained its $37 price target, which represents a 32.4% premium to last night's close. Heading into today, an...Read More

High-grade manganese ore prices took another dive in China in the week to Friday June 14, while low-grade manganese ore prices showed signs of stabilizing following a recent downtrend. High-grade manganese ore prices drop, low grade weakens more slowlyChinese silico-manganese prices reboundIndian silico-manganese prices claw back lossesFerro-manganese hits 2019 low in Europe Fastmarkets' 44% mang...Read More

Who wouldn’t know the Spaghetti Western The Good, the Bad and the Ugly? In today’s analysis, we have important pieces of economic data starring in the first two roles. Retail sales and industrial production rebounded in May, while the Empire State Index plummeted in June. How will these reports affect tomorrow’s FOMC decision and the gold market? The GoodFriday brought us some go...Read More

What stands out from the long-term chart is that Silver tends to be pretty much dead for most of the time, only really coming alive towards the later stages of precious metals bull market manias when everyone begins piling in just before the bubble pops! Which is a warning not to get carried away with fantasy targets for Silver but try and keep things real by focusing on what silver has done in th...Read More

The Amount of Dollars in ExistenceSilver is currently trading around $14.84 anounce. This is around 30% of its 1980 all-time high of $50. However, this is anincomplete representation of what silver is really trading at, relative to USdollars. When you look at the silver price, relative toUS currency (the amount of actual US dollars) in existence, then it is at itslowest value it has ever been (see...Read More

The export market for hot-rolled coil and cold-rolled coil from the Commonwealth of Independent States (CIS) has weakened during the week ending Tuesday June 18 amid slow market demand.Fastmarkets' weekly price assessment for HRC exported from the CIS was $470-485 per tonne fob Black Sea on June 18, moving down from $475-490 per tonne fob on June 10. "Demand is weaker than expected after [the Isla...Read More

The company's drug to reverse blood thinner was well-toleratedBiotechnology concern PhaseBio Pharmaceuticals Inc (NASDAQ:PHAS)unveiled impressive preliminary data from a mid-stage study of its PB2452 therapy, used to reverse the effects of antiplatelet agentsin patients over 50. The drug was found to be generally well-tolerated with only minor adverse events. As such, PHAS shares are trading up 10...Read More