Global quantitative easing policies are to blame for the breakdown in this inverse relationship Continue...Read More
The debate over what actually occurred on 9/11 and, more to the point, who might have been behind it, continues to preoccupy many observers worldwide. There is considerableContinue...Read More
Oct 07, 2019 Guest(s): Frank Holmes CEO, U.S. Global Investors Extremely dovish monetary policies around the world and economic conditions could propel gold prices much higher, to even $10,000 over the long-term. "I think it goes up to $10,000. I don't think it's going to happen in the next 12 months, but I think the supply of gold, peak gold is there. The supply of gold is not growing. GDP per...Read More
I'm often asked where I stand on wind, solar and other alternative energy sources.My answer is: I love them. But they're incapable of enabling our society to smoothly slip over to powering itself by other means.Continue...Read More
There are times when our research teaminterprets our advanced predictive modeling systems so well that we call a movein the markets 3 to 10+ months in advance of the move actually happening. It has happened for our team of research sooften lately that we are somewhat used to the accolades we receive from ourfollowers and members. Our October 2018Gold price predictions are still playing...Read More
American manufacturersare scoring ever deeper recessionaryreadings. We haven’t seen this bad an ISM Manufacturing reading in quitea while. Can it take the broader economy with it? And what about gold – whenexactly will it get its shine? ISMManufacturing Index Drops To Disturbingly Low LevelThe September ISM Manufacturing Index registered 47.8percent, a decrease of 1.3 percentage points...Read More
Precious metals markets enter the often favorable fourth quartertrading season with the potential to reinvigorate their major uptrends. Despite posting impressive gains in the third quarter, gold and(especially) silver finished it on a downbeat note.On Monday, sellers smashed silver spot prices down3.6% to test the $17.00/oz. level.The disappointing finish to the month and the quarter do...Read More
By: Gary SavageLots of erratic whipsawing of traders..http://blog.smartmoneytrackerpremium.comRead More
By: Avi GilburtOriginally published on Sat Sep 28 for our ElliottWaveTrader members: With the various charts we track unable to complete 5 waves up off the low struck two weeks, it would seem that we can count all of those charts as having just completed a corrective rally top, with more pullback likely to be seen. In fact, this is primarily why I have been stressing that I was treating the l...Read More
By: Ira EpsteinGold back to the 18-day moving average, the line in the sand..Read More
Sellers turned gutless Wednesday night after swinging a wrecking ball for most of the day. Shortly before midnight, index futures were trading moderately higher. Usually, prices move at night only when impelled by news that makes buying or selling over short stretches nearly riskless. It wasn't news that sent the Dow Industrials plummeting nearly a thousand points over the last two days, howev...Read More
The focus turned to more potential rate cuts after a weak ISM services index readingU.S. stocks notched modest gains today after suffering heavy losses through the first two sessions of the week. The Dow finished 122 points higher, as rising expectations for another Fed rate cut helped to boost investor sentiment following this morning's decline in the ISM services index. Meanwhile, the S&P 500 al...Read More
Investors will receive the September PPI and CPI readingsThere a few notable events on the upcoming slate for economic data, including Tuesday's producer price index (PPI) update and the release of the Fed meeting minutes from September. But the main focus will likely be the trade talks between the U.S. and China. The two countries are finally scheduled to meet in Washington, D.C., on Thursday, li...Read More
The social media name unveiled a new camera-first messaging app for Instagram usersFacebook, Inc. (NASDAQ:FB) stock is up 2.7% at $179.23, on news the social media giant is launching a camera-first messaging app for Instagram users called "Threads," that's reportedly similar to Snap's (SNAP) Snapchat. The upside move has FB bouncing from its 200-day moving average -- and options traders betting on...Read More
The banking sector is in focus today with rate-hike expectations rising Bank stocks are in focus today, after the latest round of dismal economic data underscores the chances of another Fed rate cut at this month's meeting. This puts SPDR S&P Bank ETF (KBE) in the spotlight, with the regional bank exchange-traded fund (ETF) at last check seen down 0.4% at $41.45. In response to its recent strug...Read More
SunTrust Robinson expects major growth in cloud software spending It's been a wild day of trading on the U.S. stock market, with the major benchmarks last seen in the green. One sector in particular making a notable move today is cybersecurity, after SunTrust Robinson projected cloud software spending will accelerate at a faster-than-expected clip through 2025, and issued bull notes on several ind...Read More
Gold prices settled higher Thursday, tallying a third consecutive session gain, as a drop in the September U.S. ISM services sector index fed worries about the health of the economy, boosting haven demand for the precious metal. Prices, however, pulled back from the session's best level, as U.S. benchmark stock indexes erased losses that were fed by the downbeat economic data. Service-oriented c...Read More
Gold GC00, -0.17% has performed well since we suggested it in late February and late July. The precious metal is up 13% and 6%, respectively, from those dates, compared with an increase of only 3.4% in the S&P 500 SPX, +1.42% since February and a 3.8% decline in the index since late July. Given the big outperformance in gold, it's time to check back in with my gold gurus for a read on what...Read More
AMTD stock is down 29% already in OctoberIt's been a bruising week for TD Ameritrade Holding Corp. (NASDAQ:AMTD) stock after Charles Schwab (SCHW) said it is eliminating U.S. stock, exchange-traded funds (ETF), and options commissions. That sent the shares tumbling nearly 26% on Tuesday, while AMTD fell another 3.3% on Wednesday, after the broker said it would drop online trading commissions to ze...Read More
Microsoft had its hardware event on WednesdayMicrosoft Corporation (NASDAQ:MSFT) fell sharply yesterday during the company's annual hardware event, at which it unveiled a number of new products, including a foldable smartphone. But the Dow component is trading up 0.8% at $135.75 today, bouncing from the 120-day moving average. This obscure trendline has actually proven to be an important level for...Read More