USA is coercing every nation not to use Huawei5G or any of Huawei telecom gear. USA is now using the threat of trade sanctions on nations using or intend to use Huawei telecom gear. This will be short term bullish for US dollar but in the long term it will sink the US dollar. I will prefer to accumulate more and more physical gold on dips. Better to increase portfolio allocation to hard assets n...Read More
Gold prices were benefiting on Tuesday following a default in the greenback's impressive bull trend and consecutive days of gains that came to an abrupt end today. Gold is currently trading at 1310, below the session highs of $1,312.8/oz2 and up from $1,308.24/oz. The greenback fell to the 23.6% Fibo retracement of the late Jan rally as the market corrects, despite US yields which rema...Read More
A few simple tools can help anyone make smarter trades.It used to take years of practice and hours of research to consistently make winning trades in the stock market, but nowadaysfinding profitable trades shouldn't have to be a full-time job. In fact, trading like a pro can really be as easy as 1-2-3, with the right tools and technology!According to one company, there's a simple recipe that can...Read More
A surprising OPEC update also boosted oil pricesOngoing budget negotiations in the U.S. and global trade talks were again the focus on Wall Street today. However, the Dow, S&P 500, and Nasdaq all rallied this time around on a much more upbeat news cycle, with President Donald Trump indicating another government shutdown will likely be avoided, though he said he's "not happy" about the proposed spe...Read More
Gold prices pulled back after stabilization of the USD. Price remains in the recent range, firm above $1300/oz. The yellow metal peaked earlier today at $1,314/oz but lost strength and retreated. Recently it bottomed at $1,308, slightly above Asian session lows. As of writing, trades at $1,310, marginally higher for the day. It continues to move firm above $1,300 while the upsi...Read More
Speculators are targeting more short-term upside for PYX stockOptions volume is running hot on Pyxus International Inc (NYSE:PYX) this afternoon, as the stock heads toward its best day since Oct. 8. At last check, around 18,000 options have been exchanged -- five times the average daily volume -- with PYX shares trading up 28.1% at $21.58. Today's upside comes in reaction to the leaf tobacco manuf...Read More
Philip Morris stock just set off a historically bearish signal on its latest reboundThe shares of Philip Morris International Inc. (NYSE:PM) had set a series of lower highs following a late-April bear gap, and bottomed out at an eight-year intraday low of $64.67 on Dec. 27. The stock has since rallied over 23% and is now revisiting the $80 level -- a region of support for PM prior to its mid-Decem...Read More
Both the WGC and LBMA published outlooks for the global economy and gold market in 2019. Who is right? WGC’s Outlook for Gold in 2019 Let’s start from the World Gold Council (WGC) which published its 2019 outlook on January 10th. As befits the organization representing industry’s interests, the WGC is bullish on gold prices. No surprises here. According to the institution, the fo...Read More
Discovered in 2017, the high grade epithermal gold system known as the Saddle target continues to demand attention from the drillers and geologists of Vancouver-based GT Gold. The target is on the company's flagship Tatogga property near Iskut in the province's Golden Triangle.Last year's drilling expanded the strike length at Saddle both to the east and to the west for several hundred metres as...Read More
CMG hit a fresh high earlier today before pulling backChipotle Mexican Grill, Inc. (NYSE:CMG) has started the new year off scorching hot, adding nearly 40% already in 2019. Today, CMG snagged a new three-year high of $612.60 out of the gate, although it was last seen down 1.2% to trade at $596.37. If history is any guide, Chipotle options traders may want to set their sights on more record highs...Read More
Gold settled higher on Tuesday, with the dollar on track to end its stretch of eight straight wins. The yellow metal had ended Monday with a 0.5% loss as the leading dollar index traded at its highest levels since December, cutting demand for investors buying precious metals using currencies other than the U.S. unit. April gold GCJ9, -0.34% tacked on $2.10, or 0.2%, to settle at $1,314 an ounce....Read More
Molson Coors, meanwhile, is slumping toward its worst day in monthsPositive headlines out of D.C. are driving stocks higher today. Among individual names making notable moves are insurance issue Brighthouse Financial Inc (NASDAQ:BHF), beer giant Molson Coors Brewing Co (NYSE:TAP), and mortgage application software specialist Ellie Mae Inc (NYSE:ELLI). Here's a quick roundup of what's moving the sh...Read More
• A modest USD profit-taking helps regain positive traction on Tuesday. • The up-move seemed rather unaffected by the prevalent risk-on mood. • A pickup in the US bond yields does little to hinder the positive move. Gold built on its steady intraday ascent and climbed to fresh session tops, around $1314 level in the last hour, r...Read More
Call activity was above the norm on MIME and VOYA on MondayScanning today's market activity, one of the biggest gainers is email solutions specialist Mimecast Ltd (NASDAQ:MIME). The shares were last seen trading up 19.7% at $51.24, already tapping a record high of $51.66, as Wall Street reacts to the firm's quarterly report, which revealed better-than-expected results and an upbeat outlook. A ton...Read More
Is it time to prepare for the next financial crisis?Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is going on?Former hedge fund manager, Dr. Steve Sjuggerud, one of the most widely-followed financial analys...Read More
A tentative bipartisan budget deal was reached earlier this morningThe Dow Jones Industrial Average (DJI) is up over 300 points at midday, enjoying a steady climb after a tentative bipartisan budget deal was reached to keep the government open beyond the Feb. 15 deadline. Meanwhile, the U.S. and China are progressing on trade talks as negotiations enter the second day in Beijing. The S&P 500 Inde...Read More
Gold stocks have to do more to confirm they are in a new bull market.Sure, they've surged above key moving average resistance and breadth has improved.However, the gold stocks have not yet broken the pattern of lower highs and breadth, while improved, is not at bull market levels yet. Let's review where things currently stand.In recent weeks GDX and GDXJ surged above the critical 400-day moving av...Read More
Both the WGC and LBMA published outlooks for the global economy and gold market in 2019. Who is right?WGC's Outlook for gold in 2019Let's start from the World Gold Council (WGC) which published its 2019 outlook on January 10th. As befits the organization representing industry's interests, the WGC is bullish on gold prices. No surprises here. According to the institution, the following trends will...Read More
South Africa's Sibanye-Stillwater said on Tuesday it was considering measures, including restructuring if alternative solutions could not be found to bring loss-making gold shafts back to profitability. Gold producers in Africa's most industrialised economy, which have some of the world's deepest mines, have seen profits squeezed by rising costs, labour unrest and declining grades.Sibanye said it...Read More
Australia's largest gold producer, Newcrest Mining, (ASX: NCM) is selling its S?(C)gu?(C)la gold project and its portfolio of 11 exploration tenements in C??te d'Ivoire to Canada's Roxgold (TSX: ROXG) in a deal valued at $30 million.The Toronto-based miner will pay $20 million upfront, followed by a $10 million deferred payment due if and when S?(C)gu?(C)la reaches production.S?(C)gu?(C)la will b...Read More