The ECB eased its monetary stance. It launched another round of cheap loans to banks and promised to keep interest rates unchanged this year. It means that Draghi will not hike during his presidency. What does it all mean for the gold market? ECB Unveils New Monetary Stimulus in Response to Slowdown The ECB left its interest rates unchanged. But it pushed out the timing of its first post-crisis ra...Read More
Haven gold climbed by 1% on Friday to notch a slight gain for the week, boosted by losses in global stock markets on the heels of weak Chinese export and U.S. jobs data. April gold GCJ9, +0.97% added $13.20, or 1%, to settle at $1,299.30 an ounce after briefly trading as high as $1,301.30. After a back-and-forth week, including the lowest settlement on Tuesday since late January, prices for the mo...Read More
Haven gold climbed by 1% on Friday to notch a slight gain for the week, boosted by losses in global stock markets on the heels of weak Chinese export and U.S. jobs data. April gold GCJ9, +0.97% added $13.20, or 1%, to settle at $1,299.30 an ounce after briefly trading as high as $1,301.30. After a back-and-forth week, including the lowest settlement on Tuesday since late January, prices for the mo...Read More
Haven gold climbed by 1% on Friday to notch a slight gain for the week, boosted by losses in global stock markets on the heels of weak Chinese export and U.S. jobs data. April gold GCJ9, -0.16% added $13.20, or 1%, to settle at $1,299.30 an ounce after briefly trading as high as $1,301.30. After a back-and-forth week, including the lowest settlement on Tuesday since late January, prices for the mo...Read More
Crystal Lake Mining's (TSXV: CLM; US-OTC: SIOCF) maiden drill program has uncovered a new copper discovery consisting of more than 20 mineralized zones at its 430 sq. km Newmont Lake project northwest of Eskay Creek in B.C.'s Golden Triangle.Last fall the company drilled 550 metres across four reverse circulation holes at the project's Burgundy Ridge target, hitting copper, gold and silver mineral...Read More
Getty ImagesThe U.S. economy added just 20,000 new jobs in February after big gains in the prior two months, but the unemployment rate fell again and wages rose sharply. The numbers: American businesses and other employers created the fewest new jobs in February in 17 months, the latest sign of a broader slowdown in the U.S. economy. The economy added just 20,000 new jobs last month, the smallest...Read More
Weak Chinese trade data and a U.S. jobs report strengthened headwinds on Wall StreetThe stock market's strong February finish was quickly put in the rearview mirror this week, as global growth concerns sent traders heading for the exits as the bull market hit a notable milestone. Fears of a slowing world economy were only exacerbated ahead of Friday's open after China unveiled dismal February expo...Read More
SFIX earnings releases have resulting in huge stock moves in recent quartersStitch Fix Inc (NASDAQ:SFIX) is preparing to report earnings after the close on Monday, March 11, and that's notable since the company's last three earnings releases have sparked at least a 20.9% single-day swing in the stock price. Including all five earnings releases in the company's history, SFIX has averaged an after-e...Read More
The equity has plummeted after previous signalsU.S. stocks are in the red for a fifth straight session, as traders jeer an ugly February payrolls report and a steep drop in Chinese exports. What's more, one China-based stock could extend its recent downtrend, if history is any indicator. Below, we'll take a look at why short-term bears may want to target Chinese e-commerce concern JD.com Inc (NASD...Read More
Goldcorp, (TSX: G, NYSE: GG) Yamana Gold, (TSX:YRI; NYSE: AUY) and Glencore (LSE:GLEN; JSE:GLN) signed an integration agreement this week that stipulates the Agua Rica copper-gold project in Argentina will be developed and operated using the existing infrastructure and facilities at the Alumbrera mine."The integration of the Agua Rica project and the Alumbrera mine has significant merit given the...Read More
An ugly payrolls report and China's export drop are weighing heavy on stocksStocks are notably lower in afternoon trading, as U.S. jobs data came in well below expectations. Specifically, the slim 20,000 job growth for February, combined with China's steep drop in exports, has the Dow Jones Industrial Average (DJI) down triple digits. The blue-chip index -- alongside the S&P 500 Index (SPX) and...Read More
Gold looks to be in the middle of its intermediate decline.We could bottom, though, earlier than many expect.The rally in the dollar is already losing momentum, which should be bullish for gold.We wrote about gold recently and stated that we believed the yellow metal had started its intermediate decline. We also have stated though that we believe it is very important for traders to keep some type...Read More
GME gapped lower in January on crushed M&A hopesThe shares of GameStop Corp. (NYSE:GME) are sharply lower today, down 6.1% to trade at $10.80. BofA-Merrill Lynch downgraded the video game retailer to "underpeform" from "neutral," while slashing its price target to $9 from $12. The analyst in coverage anticipates deteriorating fundamentals as the industry shifts to streaming.GameStop stock earlie...Read More
Take advantage of the first amendment, and participate in a nation-wide poll.With the 2020 election growing ever closer, the country continues to be divided politically.From disputes about the appropriateness of displaying the Confederate flag, to rights for minorities, and the ever-growing concern about security at the U.S. border, the 2020 election promises to be contentious... if not the most c...Read More
European stocks post heavy losses on Friday. US Dollar Index retreats from multi-month highs. Coming up: February NFP report from the U.S. Following yesterday's drop to a 6-week low of $1280 on Thursday, the XAU/USD pair rebounded decisively on Friday and erased the majority of this week's losses. As of writing, the pair was trading at $1293, adding $7.5, or 0.6%, on a daily basis. The E...Read More
MUMBAI/BENGALURU - Physical gold demand picked up pace in major Asian hubs this week, with bullion being sold at a premium for the first time in more than three months in India, while China saw improved appetite for jewellery.In India, the world's second biggest consumer of the metal after China, dealers were charging a premium of up to $1 an ounce over official domestic prices this week, up from...Read More
A free tool can help traders bank big during the upcoming earnings season. Too many investors let their portfolios slip during the busy holiday season, but this is a huge mistake... especially with the market moving events just around the corner!With the crazy market action investors have been seeing lately, right now is the time to prepare to bank big wins.It's important for investors to positio...Read More
BIG has added 21% year-to-dateShares of Big Lots, Inc. (NYSE:BIG) are higher this morning, after the retail chain announced better-than-expected fourth-quarter earnings and same-store sales. CEO Bruce Thorn described a "meaningful sales acceleration in December and January" as the driver behind the impressive numbers. In response, BIG is up 10.1% at $35.06 in today's trading. Long term, Big Lots...Read More
The brokerage firm slashed its XOM price target by 25%The shares of Exxon Mobil Corporation (NYSE:XOM) are trading down 1.6% at $78.85, after Cowen and Company downgraded the big-cap energy name to "market perform" from "outperform," citing concerns over the company's recently announced plans to boost capital spending. The brokerage firm also slashed its XOM price target by 25% to $75 , saying the...Read More
The LaCroix parent's CEO said the company is "truly sorry"The shares of National Beverage Corp. (NASDAQ:FIZZ) are down 25.3% at $51.01 in early trading, after the LaCroix parent reported disappointing earnings and revenue for its fiscal third quarter. National Beverage CEO Nick Caporella said the company is "truly sorry" for the nearly 40% drop in profit, and said "much of this was the result of i...Read More