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
The demand for oil country tubular goods (OCTG) and linepipes in the Middle East region is expected to remain strong in the next five years supported by the development of oil and gas drilling and infrastructure, James Ley, principal consultant of Fastmarkets MB research, said at the 22nd Middle East Iron and Steel Conference in Dubai, on December 10-12.Local producers will definitely benefit from...Read More
The similarities are eerie, and Republicans could be facing a crisis.He's a successful businessman who never held public office before winning the Presidency...He's coming into power after an electoral college landslide...And he did it by beating an out-of-touch New Yorker opponent.Once in office, he launches a vast trade war, promising to stand up for America's heartland, with 890 increased tarif...Read More
How you can transform lagging indicators into leading indicators. From Bollinger bands to momentum oscillators, technical indicators have been at the forefront of the trading world's constant need to stay ahead of the curve since the first exchange opened its door over 200 years ago.After all, every trader is always looking for an edge... Some way to predict what will happen next... And hopefully...Read More
NVDA shares are trading down again, and not far off their fresh annual lowU.S. stocks are lower following Wednesday's historic rally. Three names in the news are GPU expert Nvidia Corporation (NASDAQ:NVDA), online services provider Live Ventures Inc (NASDAQ:LIVE), and drugmaker BioXcel Therapeutics Inc (NASDAQ:BTAI). Here's what you need to know about shares of NVDA, LIVE, and BTAI today. RBC Lowe...Read More
CloseGain/LossGold $1274.90+$8.70Silver$15.23+$0.20XAU70.78+1.15%HUI161.27+0.91%GDM587.25+1.17%JSE Gold1367.40+7.81USD96.53-0.51Euro114.38+0.86Yen90.15+0.11Oil$44.61-$1.6110-Year2.777%+0.007T-Bond144.75UNCHDow23138.82+1.14%Nasdaq6579.49+0.38%S&P2488.83+0.86% The Metals: Gold gained $12.70 to $1278.90 in early afternoon New York trade before it edged back lower into the cl...Read More
The shares are once again bouncing from their 160-day moving averageThe shares of Glu Mobile Inc. (NASDAQ:GLUU) are up 104.4% year-to-date and are on pace for their best year since 2009. More recently, the stock surged after Cowen named it a top pick for 2019, bringing it within striking distance of its mid-October multi-year peak. GLUU has since pulled back to its 160-day moving average, which,...Read More
The stock tends to rally after pullbacks to its 320-day trendlineThe shares of Waste Management, Inc. (NYSE:WM) rallied to a record high of $95.49 in early December, before pulling back sharply with the broader stock market -- down 1.3% today at $85.78. However, the waste removal stock is now trading near a trendline with historically bullish implications, hinting at a strong start to the new year...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
This stunning research revealed by the former hedge-fund who predicted the last NASDAQ crash could have some Americans thinking twice before hoarding cash.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 go...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
No sector has managed to avoid the market's weaknessThe Dow Jones Industrial Average (DJI) is holding in negative territory today, giving back a chunk of yesterday's record-setting gains. Almost all sectors are trading in the red today, as investors digest not only a bigger-than-expected drop in consumer confidence this month, but some troubling geopolitical headlines, as well. In the meantime, th...Read More
Fed Chair Jerome Powell will speak on FridayNext week's schedule will be slightly abbreviated on Wall Street, with markets closed on Tuesday for New Year's Day. Despite the shortened week, Thursday and Friday will bring a flurry of economic data. Specifically, jobless claims, the Institute for Supply Management (ISM) manufacturing index, and the nonfarm payrolls report for December will all be re...Read More
The shares are failing to capitalize on the upgrade, thoughBofA-Merrill Lynch upgraded Pattern Energy Group Inc (NASDAQ:PEGI) to "neutral" from "underperform," calling the renewable energy stock's recent sell-off overdone. The shares have shed 7.4% this quarter, and while the analyst in coverage expects a bottom to be near, they lowered their PEGI price target to $18.50 from $20.Most analysts are...Read More
JD shares are up this morning on reports of restructuring JD.com Inc (NASDAQ:JD) shares are up 3.3% to trade at $21.83, at last check. Earlier today, it was reported that the Chinese e-commerce giant plans to restructure its JD Mall unit into threedepartments, according to an internal document cited by the Wall Street Journal. The article said the revamp is a chance to "change the narrative" (sub...Read More
WATT has made big moves in 2018Energous Corp (NASDAQ:WATT) is trading 38.3% higher this morning at $6.37, following news the company's sound amplification device, Delight, has been approved for sale in the U.S. by the Federal Communications Commission (FCC). The Delight PSAP is similar to a hearing aid, but will be available without a prescription. Back in September, WATT stock got a bump after it...Read More
Turkey produced 3.10 million tonnes of crude steel in November 2018, a 2.1% decrease compared with November 2017, according to the Turkish Steel Producers Association (T???oeD).In January-November 2018, crude steel production in the country was 34,429,000 tonnes, a 0.51% year-on-year rise compared with 34,256,000 tonnes produced in January-November 2017, T???oeD said last week.The country produced...Read More
The shares have slid 28% since their early November peakThe shares of CBS Corporation (NYSE:CBS) have been making a beeline lower since topping out near $60 in early November. According to Loop Capital, though, this sell-off has created an "extraordinarily attractive purchase price for the shares." The brokerage firm reiterated its "buy" rating on CBS stock, while lowering its price target to $59...Read More
CloseGain/LossGold $1274.90+$8.70Silver$15.23+$0.20XAU70.78+1.15%HUI161.27+0.91%GDM587.25+1.17%JSE Gold1367.40+7.81USD96.53-0.51Euro114.38+0.86Yen90.15+0.11Oil$44.61-$1.6110-Year2.777%+0.007T-Bond144.75UNCHDow23138.82+1.14%Nasdaq6579.49+0.38%S&P2488.83+0.86% The Metals: Gold gained $12.70 to $1278.90 in early afternoon New York trade before it edged back lower into the cl...Read More
Oil futures are trading lower this morning, tooFollowing yesterday's historic rally on Wall Street, futures on the Dow Jones Industrial Average (DJI) are trading well below fair value this morning. This premarket volatility follows a weak reading on Chinese industrial earnings, as well as a Reuters report that the Trump administration is preparing to ban U.S. companies from purchasing telecom equi...Read More
Visa stock is on track for its worst quarter since 2010The shares of Visa Inc (NYSE:V) are down 1.5% in electronic trading, after the company inked a $250.6 million deal to buy Earthport, a British payments firm that specializes in international transactions. This comes as Visa stock has languished during the broad market sell-off this quarter. V scored a record high of $151.56 back on Oct. 1, b...Read More