LONDON, 7 August 2019 - National UK newspaper The Daily Express today reports a jump in gold buying on BullionVault in an article on the metal's steep price rise.Saying that the number of BullionVault users buying gold has almost doubled, "Geopolitical tension and loose monetary policy make a compelling case to buy gold," the paper quotes Read the full report on page 30 of today's edition. Cauti...Read More
LONDON, 7 August 2019 - Leading Japanese finance-news service Quick today highlights the latest monthly data from "major online precious-metal trading company" BullionVault on new interest among private investors worldwide."The number of new customers in July increased by about 40% from the previous month," says Quick. "Among them, the number of new customers in Germany, where government bonds san...Read More
Craig HemkeSince late May, the price of COMEX Digital Gold has been on a tear with a rally of over $200. Will this surge continue? Perhaps more importantly, can this surge continue?First of all, and so that we're on the same page, none of this should come as a surprise to regular readers. Since last November, we've been stating that 2019 would show the best gains for the precious metals since 20...Read More
1. Is China a currency manipulator? For one possible answer to this question, please click here now. My view is almost identical to Kyle's; China's government is manipulating its currency... higher!2. Trump's tariff tax obsession may be somewhat comical, but it is creating substantial weakness in China's currency. That's because foreign and domestic investors are moving significa...Read More
GoldCoreGold prices have surged in dollars and all currencies due to the escalation in the trade wars and a return to currency wars between China and the U.S.Gold in USD - 10 Years - GoldCore.comGold surged as much as 2% in dollars yesterday and has consolidated on those gains today. It is gold's highest level in dollars in more than six years (see chart) and gold reached all time record highs (...Read More
By Avi GilburtFor weeks, if not months, I have been reading one bearish bond article after another. In fact, many of these same writers have been arguing with me for months about the bond rally I expected back in November of 2018. One suggests that this rally is really a "fake," whereas another has been strongly suggesting that investors fade this rally, with many more supporting their opini...Read More
Richard (Rick) Mills The long-anticipated US Federal Reserve decision last Wednesday to notch interest rates downward was, like most of these over-hyped meetings, anti-climactic. Since the central bank in June hinted that a rate cut was in the offing, North American stock markets have trended up, but they took a hit on Wednesday following the Fed's decision to only lower rates by a quarter...Read More
By: Ira EpsteinGold's daily chart, set a bear trap last week. 18 week MA is $1,437 level. Base formed around $1,450 area..Read More
After the release of US July nonfarm payrolls, I thought I will be an easy week to trade and invest. Continuous flow of news like branding China a currency manipulator will only increase volatility. There is now no reason for crude oil to rise. Chinese slowdown and India slowdown should result in demand led price fall. To me crude oil prices should fall fifteen percent at least in the short term...Read More
The tech sector lead today's market gainsThe Dow, S&P 500, and Nasdaq all snapped their recent losing streaks, bouncing back some after yesterday's beat-down. Traders took some solace in China stabilizing the yuan, while advisors for President Donald Trump also left the door open for progress on the trade front. The tech sector was one of the biggest winners from the risk-on session, though energy...Read More
Meanwhile, ACB shares are popping on preliminary guidanceStocks are mostly higher this afternoon, following yesterday's nosedive, encouraged by China's plans to stabilize the yuan. Three stocks also making wild moves are pharma stocks McKesson Corporation (NYSE:MCK) and Cardinal Health Inc (NYSE:CAH), as well as marijuana concern Aurora Cannabis Inc (NYSE:ACB). Below, we'll look at what's sparkin...Read More
Cantor Fitzgerald said the firm is a leader in an "underappreciated field"The shares of biopharmaceutical concern Arvinas Inc (NASDAQ:ARVN) took a spill -- along with most of the stock market -- yesterday, as traders panned the company's quarterly earnings report. However, analysts at Cantor Fitzgerald aren't worried, initiating coverage of ARVN stock with an "overweight" rating and $42 price targ...Read More
INFN and DDD bears will be hoping for repeat performances from last quarterAs options traders, we're always checking in on volatility expectations. Three names with speculators pricing in post-earnings swings of more than 20% are Applied Optoelectronics Inc (NASDAQ:AAOI), Infinera Corp. (NASDAQ:INFN), and 3D Systems Corporation (NYSE:DDD). Here's some data around the shares of AAOI, INFN, DDD, as...Read More
Central banks continue to accumulate gold, Fed cuts rates, and U.S./China trade war intensifies.Yamana updates the market on its massive Agua Rica project.Barrick Gold and Kirkland Lake shine with strong Q2 earnings.Here's a look at the top news in the gold/silver mining sector and more for July 2019.Gold Mining Bull: Top News for July 2019 Gold prices (GLD) remain near six-year highs, providi...Read More
It was the Nasdaq's longest losing streak since the presidential electionStocks suffered their worst session of 2019 on Monday, as traders dumped equities for "safe havens" like gold amid the escalating trade war between the U.S. and China. What's more, it marked the sixth straight loss for the S&P 500 Index (SPX) and tech-heavy Nasdaq Composite (IXIC) -- their longest losing streaks since October...Read More
For the last decade, the monetary "experts" assured us that QE and ultra-low interest rates were a temporary crisis measure that could be reversed.2018 revealed the truth - that the Fed cannot normalize monetary policy without crushing financial markets.2019 has shown that policymakers have no political will for tighter monetary policy. Radical easing measures is the new normal.Global central bank...Read More
All three major indexes are set to snap their losing streaks The Dow Jones Industrial Average (DJI) is modestly higher today, attempting to rebound from its worst day of the year. This bounce comes amid China's attempts to stabilize the yuan against the dollar, helping to ease concerns about the U.S.-China trade war. In addition, National Economic Council Director Larry Kudlow said the U.S. stil...Read More
Ford shares are trying to end a five-day losing streakThe shares of Ford Motor Company (NYSE:F) are up 1.7% at $9.40, after Morgan Stanley raised its opinion to "overweight" from "equal weight" and lifted its price target to $12 from $10. The brokerage firm believes the automaker's restructuring efforts are paying off and its fears about a dividend cut have diminished. What's more, the analysts ad...Read More
The firm also lifted its revenue guidance Insurance concern EverQuote Inc (NASDAQ:EVER) is eyeing its best day on record, after announcing second-quarter earnings and revenue that exceeded analysts' estimates. The firm said its 35% growth in revenue was sparked by "broad-based momentum and the strength of our data-driven marketplace." EverQuote also lifted its third-quarter revenue guidance and fu...Read More
Canada Goose stock fell to an annual low in early JuneThe shares of Canada Goose Holdings Inc (NYSE:GOOS) are up 2.9% to trade at $43.46 today, after D.A. Davidson called the retail stock's recent pullback a buying opportunity. The analyst pointed out that GOOS has "minimal exposure to U.S. tariffs on its sourcing from China," and that investors aren't "recognizing that the company is likely buyi...Read More