Stock buyers applauded seemingly upbeat trade talksThe Dow rallied today for a huge win, thanks to hopes that U.S.-China trade talks are on the right course. Wall Street was undisturbed by President Donald Trump declaring a national emergency to gain funds for a border wall, as the Nasdaq and S&P 500 rose, as well. Bank stocks were some of the biggest advancers, helping guide the Dow and the Nasda...Read More
Urgent Pair XAU/USD (GOLD) – Weekly Chart: 1. Uptrend XAU/USD (GOLD) Open- 1316.07, Target - 1338.29/1360.29, Support - 1301.02 Ultra Specific Ceteris Paribus Strategy: “Without strategy and execution, a great idea will remain just a good idea.”- Dominic By keeping in mind the daily target price constant trade frequently 3- 4 times a day. Maintain a free margin level a...Read More
The stocks are sitting out today's rally in the broader equities marketStocks are looking to extend their weekly win streaks on positive U.S.-China trade news. Among individual names making notable moves are Sharpie maker Newell Brands Inc (NASDAQ:NWL), online car-shopping specialist TrueCar Inc (NASDAQ:TRUE), and cloud concern LogMeIn Inc (NASDAQ:LOGM), which are are all near the bottom of the Na...Read More
US indices are bouncing higher ahead of the long weekend (US presidents Holiday on Monday), with gold and oil firming along. Interestingly, energy is outperforming metals, while gold rallies against silver as the mint ratio (Gold/Silver Ratio) reaches a 2-month high. The OIL Premium long deepens further in the green. UK retail sales jumped 4.2% y/y, their biggest annual rise since Dece...Read More
Gold futures marked the highest finish in two weeks Friday, as progress in trade talks in the final day of this week's round of U.S.-China trade negotiations was seen as bullish for the yellow metal, overshadowing strength in the dollar and a pick up in global equity markets. Meanwhile, palladium topped $1,400 an ounce to notch a record for futures prices, which settled with a weekly rise of nearl...Read More
Gold futures marked the highest finish in two weeks Friday, as progress in trade talks in the final day of this week's round of U.S.-China trade negotiations was seen as bullish for the yellow metal, overshadowing strength in the dollar and a pick up in global equity markets. Meanwhile, palladium topped $1,400 an ounce to notch a record for futures prices, which settled with a weekly rise of nearl...Read More
The Nasdaq is eyeing its longest weekly win streak since 2016The Dow Jones Industrial Average (DJI) is pacing for yet another weekly win, which would mark its eighth in a row -- and its longest win streak since late 2017. Stocks reacted positively to signs of progress on U.S.-China trade talks, as well as a spending bill to avoid another government shutdown in Washington, D.C. President Donald Tru...Read More
ORCL is heading toward its eighth straight weekly winThe shares of Oracle Corporation (NYSE:ORCL) are in focus today, after Warren Buffett's Berkshire Hathaway (BRK.A) disclosed it had liquidated the entirety of its $2 billion (1.2% stake) in the software name at the end of December. Berkshire Hathaway's position lasted just one quarter. In response to the news, options traders have come out of...Read More
Use gold to protect any IRA, 401(k), or retirement account from a looming financial crisis. Every American needs to learn how to protect and secure their retirement against the worst stock market crash in history, and this IRA/401KInvestment Guide 2019 is one way the average American can help protect their investments in the event of a crisis.Jim Rickards is the nation's most vocal and intellig...Read More
Kinross Gold's (TSX: K; NYSE: KGC) shares were up 6.25% on Friday, after reporting Q4 results this week. The company produced 2.45 million gold-equivalent ounces last year, with record production from its Paracatu mine in Brazil and its Bald Mountain mine in Nevada, and forecasts company-wide production this year will be similar to 2018.The company reported an attributable all-in cost per oz. s...Read More
Have you even wanted to travel in time? You can, at least when reading about the gold market. Many analysts claim that this year is like 2016 for the gold market. We invite you to read our today’s article about the similarities and differences between the precious metals market then and today and find out what do they imply for the gold prices. Finally, the scientists have invented the time...Read More
The drug name is scheduled to report on Tuesday Up 0.8% at $159.30, at last check, drug name SAGE Therapeutics Inc (NASDAQ:SAGE) is scheduled to report fourth-quarter earnings before the market opens on Tuesday, Feb. 19. Below, we will take a look at how SAGE stock has been faring on the charts, and dive into what the options market is pricing in for the shares' post-earnings activity. SAGE stoc...Read More
Berkshire Hathaway reported a stake in the Canadian oil firmThe shares of Suncor Energy Inc. (NYSE:SU) are higher today, after activist investor Warren Buffett's Berkshire Hathaway (BRK.A) disclosed a stake in the Canadian oil firm. Against this backdrop, SU options are flying off the shelves at a much faster-than-usual pace.Suncor stock was last seen 3.8% higher at $33.78. The security has reboun...Read More
At least four analysts have issued price-target cuts on the stock this weekMedical supply distributor Henry Schein, Inc. (NASDAQ:HSIC) has taken a beating from analysts this week, with Baird, J.P. Morgan Securities, UBS, and RBC all issuing price-target cuts. The equity has managed to stay afloat, though, and is pacing to end the week with a nearly 6% gain. However, ahead of earnings next week, H...Read More
A sense of disappointment was felt across financial markets today after high-level trade talks between the US and China ended with no immediate announcement from either side. Although US Treasury Secretary Steven Mnuchin said the negotiations were ‘productive’, the amount of progress made remained unclear and this uncertainty was reflected across global equity markets. Asian shares clo...Read More
Oil prices are higher today, tooThe Dow Jones Industrial Average (DJI) is roaring into the weekend, up over 300 points at midday and on track for its eighth straight weekly win, its longest streak since late 2017. Fueling today's gains is reported trade talk progress between the U.S. and China. And at a press conference declaring a national emergency for border wall funding, President Donald Trum...Read More
The world's two biggest gold miners both announced mega-mergers over the past 5 months or so. These huge deals briefly garnered some interest in the usually-forgotten gold-stock sector, and fleeting praise from Wall Street analysts. But gold-stock mega-mergers are bad news for gold-miner shareholders on all sides. They reveal the serious struggles of major gold miners, and really retard future ups...Read More
The shares pulled back this week on news of a Levi Strauss IPOThe shares of Abercrombie & Fitch Co. (NYSE:ANF) have been climbing higher since their Dec. 24 low at $16.65, and topped out at $22.67 earlier this week. The retail stock pulled back from this short-term peak on Tuesday following news denim company Levi Strauss filed for an initial public offering. ANF is now trading near a trendline th...Read More
Performance during the Great Recession and the Greek sovereign debt crisis.Is the euro on the brink of collapse?What are the implications for the gold market?The old continent is dying. The euro is on the brink of collapse. This is what you can often hear in the press. But is that really the case? We invite you to read our today's article about the development of the Eurozone in the last 20 years...Read More
Trading at 35% discount to value of marketable securities.Three active partner-funded joint ventures provide free upside.No value currently assigned to 2.5-4% sliding NSR @ Cheechoo.Golden Valley Mines (OTCQB:GLVMF) Featured In: July 2018 Average Cost per Share: C$0.27 Current Market Price (Feb 12, 2019): C$0.34 Golden Valley Mines was the featured investment in our most recent semi-annual letter...Read More