News

Argentina Trade Balance (MoM) declined to $921M in September from previous $1402M

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

This might be the most-impressive day for gold yet.

The big swoon on Friday has been met by incredible buying interest and gold is up $115 to $4363 on that. That’s shy of the early-Friday high of $4378 but easily above Thursday’s closing record of $4325. More importantly, it shows there are impatient dip buyers, if not more signs of a mania.

This article was written by Adam Button at investinglive.com.

The EURUSD is making a “break for it”. What break is it making?

The pair has moved below a cluster of technical levels:

1. A swing area between 1.16449 and 1.16596. That area has been a floor and ceiling on the hourly chart going back to September 10
2. The 100 hour MA at 1.1655, and the
3. 100 day MA at 1.16502

Staying below those levels now that they have been broken, keeps the seller in firm control with the 200hor MA the next key target at 1.1623. Get below that, and the focus shifts toward the lows from month including the double bottom at 1.15413.

This article was written by Greg Michalowski at investinglive.com.

In an inconclusive start to the week, the US Dollar (USD) alternated gains with losses as investors continued to gauge developments around the US government shutdown, prospects for further rate cuts by the Federal Reserve and renewed US credit risks.

Gold price rallies over 2% on Monday and trims last Friday’s losses on speculation that the Federal Reserve (Fed) will continue its easing cycle next week. A softer Greenback and falling US Treasury yields keep XAU/USD trading at $4,345 after hitting a daily low of $4,219.

The projects include rare earths processing, Australian Prime Minister Anthony Albanese said at the White House during a meeting with President Donald Trump.

If you don’t know Cleveland Cliffs CEO Lourenco Goncalves, then you’re missing out.

He is a real character that turned the company around by buying up steel mills but shares have been struggling lately. Steel prices have slumped badly since the post-covid boom and he lost a fight to prevent Nippon’s takeover of US Steel. He also purchased Canada’s Stelco at a premium that displeased the market, and then that company was hit by US tariffs.

But Goncalves is relentlessly focused on shareholders and so he decided to utter the magic words today:

Beyond steelmaking, the renewed importance of rare earths has driven us
to re-focus on this potential opportunity at our upstream mining assets.
It is our obligation to do so as a company with our geological
footprint. We have looked at all of our ore bodies and tailings basins,
and two sites in particular, one in Michigan and one in Minnesota, show
the most potential. At these two sites, geological surveys show key
indicators of rare-earth mineralization. If successful, it would align
Cleveland-Cliffs with the broader national strategy for critical
material independence, similar to what we achieved in steel.

In a somewhat-laughable indictment of the market, that’s led to an 18% pop in shares today, despite no data, no assays, nothing but a vague indication of ‘key
indicators of rare-earth mineralization’ at two sites. “We are working with the geologists to assess whether these deposits could become commercially viable,” Goncalves said in the conference call.

To be fair, it wasn’t just the mention of rare earths driving the stock price as the company reported a loss of 45-cents compared to 51-cents expected. EBITDA of $143m beat the $127m consensus. The company also hinted at a foreign partnership:

For a foreign partner, the opportunity to participate in the U.S.
market through Cliffs is incredibly valuable. This past quarter, we
entered into a Memorandum of Understanding with a major global steel
producer, which seeks to leverage our unmatched U.S. footprint and
trade-compliant operations. We expect the ultimate outcome of this MoU
to be highly accretive to our shareholders. We look forward to sharing
more on this ongoing development soon.

I think this is an interesting company led by CEO who has been successful in the past and will resort to unconventional measures. It’s also a product — steel — at the heart of the US push towards national security that doesn’t reflect any kind of premium.

This article was written by Adam Button at investinglive.com.

As one of Wall Street’s premier investment banking and wealth management firms, Morgan Stanley (MS) has delivered an impressive performance throughout 2025.

As one of Wall Street’s premier investment banking and wealth management firms, Morgan Stanley (MS) has delivered an impressive performance throughout 2025.