The brokerage firm thinks skepticism toward Tesla is overblownIt's been a busy news cycle for Tesla Inc (NASDAQ:TSLA). Following Tuesday's headline the Securities and Exchange Commission (SEC) asked CEO Elon Musk be held in contempt for his tweets, the head of the electric car concern tweeted yesterday about "Some Tesla news" that will be unveiled at 5 p.m. EST today. And earlier, TSLA stock recei...Read More
After a 3-month rally, gold could use a brief "pause that refreshes".It looks like the metal may get this needed relief in coming days.Gold's larger recovery trend should remain fully intact, however.For the first time in several weeks, gold is starting to show signs of vulnerability as a key short-term trend line is being tested. This is despite recent weakness in the U.S. dollar, w...Read More
RKDA has doubled in the last two monthsThe cannabis industry continues to infiltrate other sectors, and next up appears to be biotechs. The shares of Arcadia Biosciences Inc (NASDAQ:RKDA) are up a whopping 52.8% in electronic trading, after the company announced a new cannabis-focused business unit. Arcadia Specialty Genomics (ASG) will focus on the hemp market, with an eye toward "improved plant...Read More
The summit in Vietnam ended without an agreement Dow Jones Industrial Average (DJI) futures are marginally lower again today, after a summit betweenU.S. and North Korea leaders prematurely ended without an agreement -- or plans for a third summit -- in sight. Traders are also digesting better-than-expected fourth-quarter gross domestic product (GDP) data, with GDP rising 2.6%, compared to the 2.2%...Read More
GATA suggests that gold is not keeping up with clear inflation indications.Presenting a review of what inflation really is.Understanding that sentiment drives the price of gold.So, as I am known to do, I will peruse various postings for something interesting and then write about it. And, while I cannot say what GATA writes is "interesting," I can say it always provides fodder for presenting why so...Read More
• The USD struggles to build on the overnight bounce and helps regain traction. • US-China trade uncertainty/risk-off mood further underpin safe-haven demand. • Market participants now eye US Q4 GDP print for some meaningful impetus. Gold finally broke out of its Asian session consolidation phase and is currently placed at the t...Read More
Canada's Barrick Gold (TSX:ABX)(NYSE:GOLD) and U.S. rival Newmont Mining (NYSE:NEM) are working hard on persuading their respective top investors that a merger of the companies is the best, or the worst, option for them.Barrick launched its hostile bid for Newmont on Monday, and updated its presentation on Thursday, adding more information on the expected synergies and benefits of the deal.Barr...Read More
* May wins two weeks' breathing space * Goldman sees a deal approved after delay * Aston Martin: Brexit delay prolongs uncertainty * Lawmaker Letwin: May might just squeak a deal through (Adds PM May's spokesman, EU migration)By Guy Faulconbridge and Kylie MacLellanLONDON, Feb 28 (Reuters) - Britain's opposition Labour Partywill back a new referendum on Brexit after parliament defeatedits alternat...Read More
We've seen a clear turnaround in sentiment on gold.As a couple of key technical levels come into focus a number of old headwinds are beginning to turn.Gold could be on the cusp of a new bull market after an 8 year bear. This week we look at an important chart on the gold price outlook as a number of key themes and indicators are starting to shift for gold, and commodities more broadly for that...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
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average ended lower, while the Nasdaq gained after U.S. Trade Representative Robert Lighthizer told the House Ways and Means committee that "much remains to be done" before a trade deal is reached with China.Lowe's (LOW) posted stronger-than-expected fourth-quarter earnings but noted weakness in Canada's housing...Read More
The Wednesay Market Minute Global stocks mixed amid conflicting U.S. data and headline geo-political risks in both Europe and Asia.Pound trades at four-month high after Prime Minister Theresa May allows for possible delay Britain's March 29 Brexit deadline.Global oil prices bump higher after U.S. stockpiles fall by 4.2 million barrels and OPEC+ members signal willingness to hold collective produ...Read More
The merger mania sweeping the gold mining sector isn't a flash in the pan - it's likely just begun. Unless these companies want to shrink, they must continue to gobble each other up. "There is going to be a new wave of M&A as a way to grow reserves especially because organic growth is so hard to come by," said Matthew Miller, a Denver-based equity research analyst at financial research...Read More
By: Daniel R. Amerman, CFA If there is a new recession in the next few years, then it is highly likely that the Federal Reserve will take extreme measures in response, with the primary response being to swiftly knock short term interest rates back down to zero percent.For many investors - the combination of recession, heavy-handed Fed interventions, and the return of zero percent interest rate...Read More
Chris Waltzek talks to Dr. Burton Malkiel, author of the investing classic, A Random Walk Down Wall Street Read More
By Avi GilburtThis is probably one of the biggest conundrums investors face in financial markets today. A major report may come out with a very positive bias, yet the market will move in the opposite direction. How many times have you seen this happen?Well, if you have any experience in the financial markets, then it has likely happened to you many times. But, most people simply shrug it off...Read More
By: IRA EPSTEINStock market having trouble. Gold starting to breakout to the downside. Gold = negative and in a downtrend, to negate this gold would need $1335.60:Read More
The live feed from Hanoi has been riveting. Trump and Kim appear to be getting along well. The President pats his counterpart on the back, the dictator smiles. They share a laugh as they walk through a garden. Kim's haircut looks oddly flattering. Everything seems to be going so nicely that one could almost forget that he has at times acted like a madman. As for Trump, he is his usual self, bu...Read More
Link to the Slides and Sources: https://www.itmtrading.com/blog/exit-...Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been a banker, a stock broker and studied world currencies since 1987. She believes strongly that we ne...Read More
Jordan Roy-Byrne, Founder of The Daily Gold shares the levels we should be watching as metals investors if the pullback we have all been waiting for is here. As long as gold and stocks limit the downside the bullish argument remains.Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a pub...Read More