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
For details on how your data is used and stored, see our Privacy Notice.Coronavirus, supply disruptions, muted demand and the oil price plunge have sent shockwaves across the petrochemical industry. Year-on-year profits have been considerably reduced. So how is the industry handling the blow, and what does it mean for balance sheets, budgets and planned projects?Profit margins have been squeezedCo...Read More
Electric vehicle (EV) sales are expected to reach 45 million units per year by 2040, with a total global EV stock of 323 million, according to new research from Wood Mackenzie.Both projections have been revised down 2% when compared to Wood Mackenzie's pre-coronavirus forecast, with the pandemic delaying total vehicle sales by two years.Responses to the pandemic from China and Europe have strongly...Read More
The "Magnificent Seven" ETF" $MAGS has come alive again. Nice move above $49.46!Base Metals ETN $DBB (One third weighted each in copper, zinc and aluminum) moved above $18.69 setting an intermediate uptrend. Base metals equity ETFs (XBM.TO in Canada and PICK in the U.S. responded accordingly.Caterpillar $CAT a Dow Jones Industrial Average stock moved above $350.72 extending an intermediate uptrend...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were up 9 points at 8:35 AM EDT.S&P 500 futures added 12 points following release of April U.S. Consumer Price Index at 8:30 AM EDT. Consensus was a 0.3% increase versus a 0.1% drop in March. Actual was a 0.2% gain. Consensus for core CPI was a 0.3% gain versus a 0.1% gain in March. Actual was a 0.2% gain. Several Wall Stre...Read More
It may seem odd to hate a stock index. After all, it's just a model of company shares used by fund managers to build ETFs and mutual funds.But once you learn the truth about the Russell 2000 small cap index, you just might hate it too.Today we're going to explore why the Russell 2000 makes a bad foundation for any investment vehicle.Misleading Stats (at Best)Historically, small cap stocks tend to...Read More
Well, that sure was fast. It's been six weeks since President Trump's so-called "Liberation Day," when he announced draconian levels of tariffs at a global-scale. And now, we have a thinly disguised retreat and kowtow to China's Emperor Xi.Despite hoopla, tough talk and bluster, Team Trump walked into a policy minefield. Tariffs on China highlighted how many of America's problems are rooted in tox...Read More