- Gold acts as hedge in 2018 - up 2.7% and 3.8% in euros and pounds (see tables & charts)- Stocks fall sharply - S&P500, FTSE & Euro Stoxx 5o fall 6.25%, 12.5% & 15% respectively- Worst year for most international equity indices since 2008- Sharp falls in economically sensitive commodities: oil (WTI), gasoline and lumber down 24.2%, 27% & 23.8% respectively- Volatility surges as seen in VIX ris...Read More
Traders and investors are focused on a global slowdown. Economic data releases worldwide need to beat street expectation to change the negative sentiment. US December private ADP numbers need to beat street expectation for the US dollar to rise and gold and silver to correct. However political uncertainty in the UK and Eurozone will prevent a major collapse in gold and silver. I will prefer to u...Read More
CloseGain/LossGold $1294.60+$11.60Silver$15.73+$0.22XAU72.17+1.73%HUI163.37+1.65%GDM597.67+1.98%JSE Gold1445.45+47.57USD96.25-0.54Euro113.99+0.55Yen93.40+1.71Oil$47.09+$0.5510-Year2.560%-0.095T-Bond148.4375+1.6875Dow22686.22-2.83%Nasdaq6463.50-3.04%S&P2447.89-2.48% The Metals: Gold gained $9.30 to $1292.30 in Asia before it dropped back to $1284.80 just after 8:15AM EST,...Read More
For many new investors, the numbers of investing are a mystery.They may even appear intimidating and mind numbing. The reality, however, is that they are just the opposite! Numbers are the clues for solving the mystery.Every investment has a story. Every time someone approaches you to invest money in his or her particular investment, whatever it may be, they will tell you that story.“This co...Read More
Everyone knows that the best time to get great deals is after the holiday season.Come January, the stores need to offer some incentive to get shoppers interested in pulling credit cards that were exhausted in November and December.Apparently the stock market is thinking the same thing this year because there are plenty of great deals to be had.And I’ve got my eye on one such deal that is goi...Read More
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More
Economists are in a state of dismay over what to expect from the economy in the coming year. With 2018, and especially the last month, marked with nothing but volatility the consensus is just more volatility and uncertainty. For more on this, CEO of Euro Pacific Capital, Peter Schiff joins Rick Sanchez to discuss. Peter Schiff is an internationally recognized economist specializing in the foreign...Read More
Portfolio Manager, attorney, finance author, a regular guest on North American media. Danielle Park is the author of the best selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," as well as a popular daily financial blog: www.jugglingdynamite.com. Danielle worked as an attorney until 1997 when she was recruited to work for an intern...Read More
As the end of 2018 marks the 40th anniversary of Deng Xiaoping and China's other leaders opening up and reforming China and since this is also a time of greaterContinue...Read More
Yesterday we ventured a cowardly 2019 forecast, in humble recognition of our erring psychic vision.Markets would rise, we soothsaid - or fall - or end the year precisely where they began.We likewise predicted the economy would advance, retreat or jog in place.Some readers denounced our abject cowardice.Take your stand upon one hill or the other, they thundered. But take your stand:"Make a call," d...Read More
LONDON, 3 January 2019 - BullionVault director of research Adrian Ash was a guest today on India finance channel CNBC-TV18, talking about the surge in precious-metal prices."It's a very happy New Year for gold owners right now," said Adrian by phone from London, noting the 7-month Dollar peak."The price is moving very quickly in other currencies. Clearly what's driving this move is what's happenin...Read More
- Are we to prepare for a global Debt Bubble Collapse in 2019?- 2019 to see the political and economic uncertainty of 2018 continue and likely to deepen- Investors lulled into a false sense of security by politicians, brokers, bankers etc.- Much "cheer leading" of the "economic recovery" narrative and by extension financial markets - particularly property and stock markets- Trade wars, currenc...Read More
BloombergAn employee fills out paperwork as vehicles move down the assembly line at the Subaru of Indiana Automotive Inc., a wholly-owned subsidiary of Fuji Heavy Industries Ltd., manufacturing facility in Lafayette, Indiana. The numbers: A survey of American manufacturers showed the slowest growth in December in 15 months, reflecting a dip in confidence among executives about how their businesse...Read More
Stocks slid initially on signs of a cooling global economyIt was a volatile start to the new year, with the Dow exploring a 484-point trading range on both sides of breakeven. While signs of a weakening global economy got the bears going early on, bulls rushed in at midday as oil prices climbed. The price action eventually resolved to the upside, with attentionshifting to today's meeting between P...Read More
It's easy to prepare your retirement savings for the New Year.It's that time of year again.Yes, the holiday season is filled with shopping and Christmas parties, but we still have to squeeze in a little time for end-of-year portfolio housekeeping. Because let's face it, life isn't exactly going to slow down once we hit the first of the yearIt's particularly important to take a good look at your 40...Read More
Weak Chinese data had BIDU in the red this morningThe shares of Baidu Inc (NASDAQ:BIDU) were lower in early trading, pressured by weak Chinese economic data. However, BIDU stock was last seen up 3.2% at $163.67, after the Beijing-based e-commerce concern said 2018 revenue grew on a year-over-year basis. The bullish reversal has sparked heavier-than-usual call volume, with a number of traders eyein...Read More
More bear notes could be on the way for LPX, AKAM, and GMEDOn the first trading day of 2019, stocks pared their sharp losses and turned higher at midday. Lumber manufacturer Louisiana-Pacific Corporation (NYSE:LPX), cloud concern Akamai Technologies, Inc. (NASDAQ:AKAM), and medical device maker Globus Medical Inc. (NASDAQ:GMED) are all lower on negative analyst attention. Below, we'll take a loo...Read More
FAANG-heavy FDN hit an annual low in late DecemberTech stocks took a hit in 2018, with the technical weakness underscored by the price action in the First Trust Dow Jones Internet ETF (FDN) -- a fund that includes several FAANG members as its top holdings -- which tagged an annual low of $107.06 on Dec. 24, and closed out the fourth quarter down 17.6%. This has left a number of analysts scrambling...Read More
A pair of retail stocks could struggle in the short termWe recently outlined the best stocks to own in January and the first quarter, historically. Today, we'll take a look at stocks that could struggle in the short-term, if past is prologue. Among some of the worst January stocks is luxury retailer Tiffany & Co. (NYSE:TIF), while Victoria's Secret parent L Brands Inc (NYSE:LB) has been among the...Read More
Call volume is surging on the cloud concernA number of tech stocks have turned higher this afternoon, helping push the Nasdaq into positive territory. One name making a notable upside move is Box Inc (NYSE:BOX). The shares of the cloud specialist were last seen trading up 8.1% at $18.25, thanks to fresh M&A buzz pegging the company as a potential buyout target. Options activity has picked up in a...Read More