Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
A BMO Capital Markets note highlighted potential upside for investment in this Australian company. In a Dec. 7 research note, analyst Andrew Kaip reported that BMO Capital Markets initiated coverage on AngloGold Ashanti Ltd. (AU:NYSE; ANG:JSE; AGG:ASX; AGD:LSE) with a Market Perform rating and an $11 per share target price. "We like the improving outlook," he added. Over the past four months, the...Read More
A Canaccord Genuity report discussed the agreement implications specifically and broadly. In a Dec. 14 research note, analyst Carey MacRury reported that Canaccord Genuity increased its target price on Wheaton Precious Metals Corp. (WPM:TSX; WPM:NYSE) to CA$41 per share from CA$38.50 (current share price is about CA$25.54). This change was made to reflect the company's just-announced tax settleme...Read More
Fund manager Adrian Day discusses the recent drill results announced by a prospect generator. Evrim Resources Corp. (EVM, To., 0.32) released on December 6 very disappointing results from its eagerly anticipated initial drilling at its Cuale project in Jalisco, Mexico. To call drilling a complete dud might be an exaggeration, but certainly there was nothing that lived up to the expectations engen...Read More
Fastmarkets MB organized a North Africa Steel Summit on Thursday December 13 in Dubai, which immediately followed the Middle East Iron and Steel Conference.What follows are the main topics discussed at the summit by two key Egyptian speakers.1) Egypt has over 13 million tonnes per year of steel production capacity, which according to Nourhan Ashry, vice president at Ashry Steel - Egyptian tube and...Read More
Trump may be facing an uphill battle he can't win in 2020.The much-anticipated "Blue Wave" washed over America on November 6. But it didn't hit all states equally.Some states, like California and New Jersey, were electoral graveyards for Republicans. In a few states, Republicans actually picked up a seat or two.But overall, Democrats saw their biggest gains in Congress since Watergate. They picked...Read More
Oil prices fell to their lowest levels in a yearStocks were pummeled once again today, with the Dow starting the week off more than 500 points in the red for its lowest close since March 23. Negative headlines surrounding Goldman Sachs (GS), a sharp drop from the healthcare sector, and lingering fears about global economic growth have put relentless pressure on stocks all day. The sell-off has be...Read More
Evidence of a looming financial crisis may be growing, according to Harry Dent.The man who warned of the 2001 tech crash, the 2008 subprime financial disaster and China's recent stock market decline - years before they happened - has issued a new earth-shattering statement:"The Dow is set to embark on a catastrophic plunge...all the way down to 6,000."Harry Dent recently explained: "Nations are...Read More
A free tool can help traders bank big this earnings season.We are in middle of Earnings season, which means the time to bank some big wins is now.Tech stocks (AAPL, FB and BIDU) just released Earnings few days ago, and you need to position yourself now in order to make maximum profit from it.One company can help any investor do just that.They've developed a tool that predicts volatility based on...Read More
Knicks owner James Dolan spoke with ESPN, and his words are getting heavy media coverageIt's shaping up to be another down day for the U.S. stock market. Three stocks in the news are Madison Square Garden Co (NYSE:MSG), drugmaker Proteostasis Therapeutics Inc (NASDAQ:PTI), and behavioral sciences specialist Acadia Healthcare Company Inc (NASDAQ:ACHC). Here's why shares of MSG, PTI, and ACHC are ma...Read More
The brokerage firm initiated coverage with an "outperform" ratingThe shares of HyreCar Inc (NASDAQ:HYRE) are bucking the broad-market trend lower today, thanks to some optimistic analyst attention. Specifically, Northland Capital initiated coverage of HYRE shares with an "outperform" endorsement and a price target of $5 -- more than double the penny stock's current price -- citing improving gross...Read More
CloseGain/LossGold $1246.30+$8.00Silver$14.67+$0.09XAU69.19+2.37%HUI156.72+2.66%GDM570.75+1.84%JSE Gold1302.25+3.60USD97.14-0.32Euro113.47+0.42Yen88.54+0.31Oil$49.88-$1.3210-Year2.858%-0.035T-Bond143.75+0.46875Dow23592.98-2.11%Nasdaq6753.73-2.27%S&P2545.94-2.08% The Metals: Gold saw slight losses in Asia, but it then climbed steadily higher in London and New York and ende...Read More
Gold is not only flowing from West to East.It is also flowing into the house account at Goldman Sachs. Or at least the paper claims for it in New York.Below is the monthly report showing the large amounts of physical gold which have been steadily flowing through the Shanghai markets into strong hands in China.Few commentators are talking about this.What is less familiar, and what I have not read...Read More
There's a few "sneaky" tricks Wall Street doesn't want made public.While pretending to be pillars of investing intelligence and integrity...The richest, most influential billionaires on Wall Street are secretly manipulating the market - and they don't care who gets hurt in the process.It's nothing personal...They have multi-million dollar bonuses to collect and high-rise condos to buy their mistre...Read More
Perception of gold as an investment is fundamentally flawed. No matter the detail behind the analysis, gold is not an investment. investment…a thing that is worth buying because it may be profitable or useful in the future.Lets suppose you are at the grocery store and you see that butter is on sale for $2.00 per pound. Normally you pay $3.00 per pound or more.Since...Read More
Newmont Mining (NEM) is a gold stock with plenty of institutional interest. This means due to its huge following it is a good candidate for Gann Angles.Gold and gold stocks are waiting for the FED and other central banks to swing to dovish monetary policy, Powell hinted this in last speech, and next week the FED is expected to hike 0.25% to 2.5%, however the 3 previously planned hikes in 2019 look...Read More
The Texas ruling has MOH spiraling, along with most of the healthcare sector At last check, shares of Molina Healthcare Inc (NYSE:MOH) are down 9.7% to trade at $118.94. The dramatic drop is part of a sector-wide spiral on news of a Texas judge deeming the Affordable Care Act (ACA), widely called "Obamacare,"unconstitutional, in a ruling issued late Friday. In a statement, Molina said it was "disa...Read More
The last time it sounded was around the August 2015 "flash crash"Last week, the three major market indexes fell into "correction" territory -- defined as at least 10% off their recent highs -- at the same time. It was the first time the Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) were in correction territory simultaneously since around the August 2015 "flas...Read More
Stop picking losers with this strategy used by the richest investors.Forget P/E ratios and earnings per share...Forget the advice to "buy what you know" (no matter what Warren Buffett says)...Forget everything you think you know about picking stocks...The world's richest investors don't pay attention to any of that stuff. They know none of those factors impact the direction a stock's price is abou...Read More
The financial media site said Apple is attractively pricedBarron's tapped Apple Inc. (NASDAQ:AAPL) as one of its top 10 picks for 2019 (subscription required), saying the FAANG stock's "valuation looks attractive and there appears to be limited risk to current-year earnings even if one assumes a 5% to 10% decline in iPhone sales." The financial news magazine also pointed to Apple's massive buyback...Read More
If we want to know where Gold is going we should follow Gold. Right?How about following gold stocks? At times, they lead Gold.What about the US Dollar? Wrong!In 2019, one market more than any other will impact Gold.That is the stock market. History argues (within the current context) that when the Federal Reserve ends its rate hikes, Gold’s downtrend will be over and when the Fed cuts rates,...Read More