Nearly half of every millennial in New York state owes student loan debt - and they're being forced to wait tables to pay off the loan balanceContinue...Read More
COT SPECIAL PUBLICATION SCHEDULE -- The last COT report was published on December 21, 2018. Reports going forward from that date will be published in chronological order beginning with the report previously scheduled for release on Friday, December 28, 2018 (based on data from Monday, December 24, 2018). The CFTC expects to publish this report on Friday, February 1, 2019. After this, the...Read More
Gold's four-month winning streak - the longest since September 2012 - could pause in February if the US data continues to beat estimates, forcing markets to reassess Fed outlook. The yellow metal closed at $1,321 yesterday - up 3 percent from the monthly opening price of $1,282. Prices rallied 2.07, 0.59, and 4.91 percent, respectively, in the previous three months. That is the longest stretch...Read More
Bitcoin slipped to lower ground in a slow-moving week. The fresh request for an ETF did not help. The technical picture is bearish for BTC/USD, but experts see a short-term recovery. Bitcoin drifted lower, without dramas this time. Jan Van Eck, the man behind the VanEck and SolidX partnership, said that funds are flowing towards gold, this according to a survey of crypto investors. VanEck...Read More
The Dow and Nasdaq notched their best weekly win streaks since 2017The Dow and its index peers gave back most or all of their early gains from this morning's nonfarm payrolls report, though the blue-chip index and the Nasdaq extended their weekly win streaks to six -- the best for each since late 2017. On top of the strong jobs data and a solid manufacturing report, traders also digested a downbea...Read More
How you can transform lagging indicators into leading indicators.Despite the strong January kick-start to 2019, many investors are still apprehensive of what's to come, especially considering some of the latest market-moving events -- think Fed policy announcements, U.S.-China trade negotiations, and earnings season, to start.While it's certainly no crystal ball, becoming familiar with the various...Read More
The embattled Nicolas Maduro regime halted plans to ship 20 tons of Venezuelan gold overseas as a growing international push to ring-fence the country's dwindling hard assets unnerved those handling the transaction, according to a person with direct knowledge of the matter.The gold bars, which are worth about $850 million, had been weighed and separated for transportation, but will not be sent out...Read More
FAANG earnings were in the spotlight this weekTo say it was a busy week on Wall Street would be an understatement. Earnings season was in full swing, with a slew of high-profile FAANG and blue-chip stocks reacting to earnings. On top of that, traders digested more dovish talk from the Fed, just before a blowout January jobs report. At last check, the major market indexes are set to end the week hi...Read More
Shutterfly struggled mightily after the last two earnings reportsShutterfly, Inc. (NASDAQ:SFLY) was last seen 2.4% lower at $44.87, as traders react to a sharp price-target cut to $70 from $90 at SunTrust Robinson. This comes as the company prepares to report earnings after the close next Tuesday, Feb. 5. Looking back, the shares suffered notable post-earnings losses of 17.4% and 5.6%, respectivel...Read More
PZZA stock is also seeing accelerated options tradingThe stock market is mixed today as traders digest a strong jobs report against a negative earnings reaction for Amazon. Among individual names making notable moves are weed stocks Aphria Inc (NYSE:APHA) and Cronos Group Inc (NASDAQ:CRON), as well as pizza maker Papa John's Int'l, Inc. (NASDAQ:PZZA). Here's a quick look at what's moving the share...Read More
The economic development of China is one of the most important events in the history of the world. In an unprecedentedly short time, millions of people have been taken out from poverty. But, as no country has ever developed so fast, that great story raises important worries. We invite you to read our today's article about the great progress China made in the last forty years and find out wheth...Read More
Gold futures declined Friday, following a key reading of U.S. jobs that came in better than expected and data that revealed a monthly rebound in the ISM manufacturing index. However, prices for the yellow metal still tallied a second weekly climb in a row after the Federal Reserve hinted at a pause in interest-rate hikes and amid ongoing support from various geopolitical issues, including uncertai...Read More
Gold futures declined Friday, following a key reading of U.S. jobs that came in better than expected and data that revealed a monthly rebound in the ISM manufacturing index. However, prices for the yellow metal still tallied a second weekly climb in a row after the Federal Reserve hinted at a pause in interest-rate hikes and amid ongoing support from various geopolitical issues, including uncertai...Read More
The shares have historically outperformed in FebruaryIt was a rough final quarter of 2018 for Intuit Inc. (NASDAQ:INTU), with the stock falling to a seven-month low near $183 in late December from a record high of $231.84. Since then, the shares have rallied almost 18% to trade at $215.24, and history suggests more upside could be in store for the TurboTax parent.Specifically, INTU stock has been...Read More
Vancouver's Tudor Gold Corp has outlined what it calls "Goldstorm," a new zone at the Treaty Creek property in the Golden Triangle. Treaty Creek, in which Tudor has a 60% interest and is the operator, borders Seabridge Gold's KSM project to the southwest and Pretium Resources' Brucejack mine to the southeast.Drilling northeast of the Copper Belle zone, Tudor originally thought that the zone was an...Read More
Blue chips Exxon and Chevron are higher after earningsThe Dow Jones Industrial Average (DJI) is continuing to ride tailwinds from this morning's bang-up jobs report. Positive earnings reactions for blue-chip energy stocks is fueling upside, too, with the Dow up almost 165 points at midday. Traders also digested a strong Institute for Supply Management (ISM) manufacturing purchasing managers index...Read More
• The precious metal reversed an early dip to its immediate confluence support - comprising of 50-hour EMA and ascending trend-line support held since the beginning of this week. • Technical indicators on hourly charts maintain their bullish bias and have already eased from overbought territory, supporting prospects for additional intraday gains. &nb...Read More
Precious metals refiner Asahi has won an auction for the assets of bankrupt Miami-based refiner Republic Metals Corporation (RMC), outbidding its Swiss rival Valcambi, three sources familiar with the matter said on Friday.RMC was one North America's largest precious metals refineries before it filed for bankruptcy in November.Asahi won the auction in a New York bankruptcy court on Thursday with a...Read More
The social media stock is pacing for its longest win streak in monthsThe shares of Snapchat parent Snap Inc (NYSE:SNAP) are higher this morning, after analysts at Cascend Securities upgraded the stock to "hold" from "sell" ahead of earnings next week. The brokerage firm said the company's Snapchat redesign "nightmare" is over, with the app's Android ratings on the rebound. At last check, SNAP stoc...Read More