By: Dave KranzlerJames Kunstler summarized it perfectly. So rather than reinventing the wheel, here's an excerpt from his Monday commentary:Jerome Powell [was] wheeled out on CBS's 60 Minutes Sunday night, like a cigar store Indian at an antique fair, so vividly sculpted and colorfully adorned you could almost imagine him saying something. Maybe it was an hallucination, but I heard him say that...Read More

It's important to understand Gold's fundamentals as it will help us confirm a new bull market.To this point, Gold's rallies have failed to make higher highs and higher lows because, although there has been improvement in fundamentals, the fundamentals have not turned bullish yet.The technical trigger will be Gold and gold stock outperformance of the stock market which will likely precede the fun...Read More

The S&P and Nasdaq, meanwhile, are higherNewly downgraded Boeing (BA) stock continues to weigh down the Dow Jones Industrial Average (DJI) this afternoon, as the U.K., China, France, and many other countries ground the 737 MAX 8 aircraft on safety concerns. On the flip side, the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are pushing higher on the back of relatively tame inflation data and a...Read More

Buyers showed bold tenacity Monday, holding the broad averages steady until an extremely volatile Boeing righted itself. The stock, cherished above all others by its institutional sponsors, came under heavy pressure overnight on news that a 737 had gone down in Ethiopia, killing all 157 aboard. This was the second fatal crash of this aircraft in five months, and it triggered a stampede out of Bo...Read More

Drawing on the work of Robert Lambourne, GATA's consultant on the Bank for International Settlements, the TF Metals Report's Craig Hemke notes at Sprott Money today that the recent monthly gold swapping reported by the Bank for International Settlements corresponds almost precisely with the simultaneous draining of gold inventory from the exchange-traded fund GLD.Lambourne reported last week tha...Read More

Gold fell after inability to break past $1300. There should be good investment demand in gold for the rest of March. I prefer higher allocation to physical gold in one's portfolio. Silver continues to remain undervalued. Saudi's are taken world to a ransom as they do not want crude oil price to fall. They are doing everything to ensure that Brent crude oil trades over $60 per barrel. Asian sum...Read More

Plus, Zafgen's Chief Medical Officer just resignedThe shares of Zafgen Inc (NASDAQ:ZFGN) are down 32.2% to trade at $3.43, one of the worst stocks on the Nasdaq this morning, under pressure from a double-dose of negative headlines. First, the drugmaker pulled plans for its experimental drug for rare diseases due to anomalies in animal trial data. What's more, the company announced its Chief Medic...Read More

Fourth-quarter earnings and revenue beat analysts' expectationsThe shares of Chinese social media name Momo Inc (NASDAQ:MOMO) are up 12.8% at $36.72, after the company announced fourth-quarter earnings and revenue that came in ahead of analysts' expectations.Today, MOMO stock is pacing for its best day since May 2018. The stock is up 60% from its Jan. 2 one-year low of $22.85, supported by its 30...Read More

F5 stock is testing a familiar floor today, thoughShares of F5 Networks, Inc. (NASDAQ:FFIV) are down 7% at $150.83 in early trading, after the tech name announced plans to purchase privately-held open source web server Nginx for an estimated $670 million. F5 Networks said the deal will increase software revenue growth and revenue mix in fiscal 2019 and 2020, though FFIV said it will also suspend...Read More

Gold is currently trading at 1298 within a range of between $1,292 and 1$,299. Gold has firmed in recent days, supported at 1280 and taking up the bid as the dollar unwinds. The DXY has started to stablise but remains on the backfoot while below 97.50 and gold is finding a base above critical bearish territory.  "We continue to expect gold to perform with&...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

DKS is down big, but the move is smaller than speculators priced in Dick's Sporting Goods, Inc. (NYSE:DKS) this morning reported fourth-quarter earnings per share of $1.07, edging out a consensus analyst estimate of $1.06, and revenue also came in higher than expected for the period, with e-commerce sales rising 17%. However, a 3.7% decline in same-store sales has DKS stock down 6.3% this morning...Read More

A summary of base metals premiums from across the globe for the week to Tuesday March 12.Fastmarkets had change the publication date its London Metal...Read More

A lack of cumulative positive news on the US-China trade front has given the US dollar a leg higher to the detriment of most commodities. The weak headline US payrolls data also questioned the global growth path.   Precious metals GOLD retreated to the lowest since January 25 last week, touching below its opening level for 2019. The US dollar drivers overcame gold’s safe-haven demand ev...Read More

February's CPI met analyst expectationsDow Jones Industrial Average (DJI) futures are in the red this morning, under pressure once more from blue-chip heavyweight Boeing (BA). Not only did the aerospace name receive two downgrades on Wall Street this morning -- with DZ Bank issuing the stock's first "sell" ratings in nearly two years -- Malaysia, Singapore, and Australia joined the growing list...Read More

Turkish steel producers have continued to book deep-sea scrap to replenish low stock levels despite the weak demand for finished steel products, sources said on Tuesday March 12.A steel producer in the Iskenderun region booked a UK cargo, comprising 22,000 tonnes of HMS 1&2 (80:20), at $320 per tonne cfr.The cargo was scheduled to be shipped at the end of the March and was sold at the same...Read More

The company reported positive results in a late-stage trials of vadadustatThe shares of Akebia Therapeutics Inc (NASDAQ:AKBA) have shot up 23.4% in electronic trading, after the Massachusetts-based firm reported positive data from a pair of late-stage studies for vadadustat -- used to treat patients with anemia due to chronic kidney disease. The studies were part of a collaboration with Mitsubishi...Read More

The prices for flat steel products imported into the United Arab Emirates and Saudi Arabia have been stable over the past week, with buying activity for all such materials remaining limited, Fastmarkets heard on Tuesday March 12.But new offer prices, to be sent out next week, were expected to be higher because of rises in raw material prices, sources told Fastmarkets.Higher prices were unlikely to...Read More

Out-of-the-money put strikes could come into play for XLF as March options get set to expireThe Financial Select Sector SPDR Fund (XLF) began last week's trading in less-than-robust form by immediately backing down from resistance at its 200-day moving average, after having run up to test this overhead trendline a couple of times during the final week of February. Granted, XLF wasn't alone in pull...Read More

Copper demand in the Middle East is lagging in comparison to the rest of world, panelists at Fastmarkets' International Copper Conference in Amsterdam said on Tuesday March 12.While global demand for copper is healthy, copper demand in the Middle East remains the laggard, Nexans' head of procurement Christophe Allain and Dubai Cable purchasing manager Laila Marafi agreed when speaking to delegates...Read More