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
Apple is lower on reports of slashed iPhone prices in China The Dow Jones Industrial Average (DJI) is set to snap its five-day winning streak -- down over 100 points at midday -- as the U.S. government shutdown ties its longest ever. Plus, lingering concerns over a lack of details on U.S.-China trade are also weighing on stocks today. Apple (AAPL) stock is also lower, amid reports thatChinese ret...Read More
CRBP is heading toward its third straight weekly gain of 10% or moreThe shares of Corbus Pharmaceuticals Holdings Inc (NASDAQ:CRBP) are up 1% to trade at $7.86 today, after Canaccord Genuity raised its price target on the drugmaker to $38 from $36 while maintaining its "overweight" rating. The analyst in coverage is bullish on Corbus Pharmaceuticals' recent pact with Kaken Pharmaceutical to devel...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
• Dovish Fed expectations keep the USD bulls on the defensive and helped regain traction. • Bulls seemed rather unaffected by fresh US-China trade optimism/risk-on mood. • Market participants now eye US consumer inflation figures for some fresh impetus. Gold regained positive traction on the last trading day of the week and has...Read More
CME was downgraded to "hold" by BofA-Merrill Lynch todayCME Group (NASDAQ:CME) has started the new year off on the wrong foot, on track for its second straight weekly loss amid concerns over a new rival exchange. This morning, the exchange operator was downgraded to "hold" from "buy" at BofA-Merrill Lynch, while its price target was trimmed to $191 from $200. However, Deutsche Bank hiked its pri...Read More
Getting in on this IPO could be the easiest way to turn a little bit of money into a lot of money very quickly.It's hard to imagine an IPO doing better than Tilray - the small pot stock that soared nearly 1,000% just weeks after going public.But one analyst may have uncovered a tiny IPO stock that's even better.In fact, the first thing this analyst strongly recommend is for investors to make the...Read More
Meanwhile, Cowen likes Domino's for 2019Yum! Brands, Inc. (NYSE:YUM) is trading down 1.6% at $90.30 after Goldman Sachs downgraded the stock to "sell" from "neutral," and lowered its price target to $76 from $83. The firm said it prefers names like Texas Roadhouse (TXRH) and McDonald's (MCD) from the restaurant space, and also questioned the strength of the company's Pizza Hut and Taco Bell busine...Read More
J.P. Morgan Securities cut its rating on WTW stockto "neutral" The shares of Weight Watchers International, Inc. (NASDAQ:WTW) are down 7.2% at $32.58 in early trading -- and touched a new annual low of $32.32 out of the gate -- on a downgrade from J.P. Morgan Securities. The analyst nearly halved its price target to $37 from $70, and downshifted to "neutral" from "overweight." The analyst is "thro...Read More
The company is selling its chemistry technologies business to ADMHouston-based chemical company Flotek Industries Inc (NYSE:FTK) said it is selling its consumer and industrial chemistry technologies business, Florida Chemical Company, to Archer Daniels Midland (ADM) for $175 million -- more than double the company's market cap of 80.42 million at last night's close. As such, FTK shares have more t...Read More
Gold is currently trading at $1,290 per Oz, representing a 0.33 percent gain on the week. The safe haven metal has rallied 5 percent in the last four weeks, courtesy of the dovish Fed expectations and the sell-off in the US dollar - gold's biggest nemesis. Notably, the yellow metal has recovered 61.8 percent of the April-August drop. That is widely considered a sign of bullish reversal. Add to...Read More
Stocks will try to overcome pre-market losses for a second straight dayDow Jones Industrial Average (DJI) futures are trading below fair value, with stocks set to snap a five-day winning streak. Investors this morning are digesting the latest inflation data, with the consumer price index (CPI) for December matching expectations, dipping 0.1% for the month. But even if the pre-market losses hold, a...Read More
Gold miners' exchange-traded funds are surging with gold powering higher. These mounting gains are naturally fueling growing interest in the leading gold-stock investment vehicles. Traders looking to deploy capital are wondering which major gold-stock ETF is superior, offering the best balance between upside potential, component fundamentals, and risks. GDXJ takes the crown, besting its la...Read More
JANUARY 11, 2019What if I were to tell you that gold is within earshot of all-time highs. You'd call me crazy. But I'm not.Below is a chart which shows gold prices denominated in Canadian, Australian and U.S. dollars.You'll notice gold went on a tear in all currencies from 2000 to 2012. However, after that, gold priced in U.S. dollars has under-performed. Gold priced in Canadian and Australian d...Read More
By: Avi Gilburt, ElliottWaveTrader.net Over the last several weeks, I have seen those that were absolutely certain back in September and October that gold was going to drop below $1,000 now turn into major bulls in the metals complex. The silver rally especially has gotten the attention of many metal's traders, and has everyone now all bulled up for a major break out in the complex. It real...Read More
- Gold to outperform stocks again in 2019 as seen in 2018 and last 15 years- 15% to 20% gains for gold and 30% to 40% gains for silver quiet likely- Given scale of under valuation, strong fundamentals including robust demand and anemic supply and high level of risk, both precious metals are likely to surge in 2019 and 2020- Gold and silver likely to reach highs over $1,650 and $28 per ounce -...Read More
I put out a commentary Sunday night bearing this tongue-in-cheek headline: "No Chance This Rally Is the Real Deal, Right?" Of course, merely to pose the question is to suggest that it is at least possible the bull market still breathes. Look, I'm as skeptical as you are, a died-in-the-wool permabear who thinks the Dow will ultimately trade below 10,000. And I see the same ugly, seemingly uns...Read More
Federal Reserve chairman has assured investors that Federal Reserve will be patient raising interest rates going forward. US dollar is weaker across the globe but has not nosedived. Investors are cautious as $1300 and $1600 are yet to be broken. If US government shutdowns into next week too, then it is just a matter of time that gold and silver will break past key resistances of $1300 and $1600....Read More
As we approach the end of the week, gold is trading slightly off its best levels thanks in part to a rebound for the US dollar and the recent recovery in stock prices reducing the appeal of the safe-haven commodity. The metal is still up for the fourth consecutive month, so its struggle to go further higher this week should come as no surprise. Clearly some profit-taking should be expected. It is...Read More
Full Article: The Japanese government is still pegging the gold priceBy: The Speculative InvestorAbout five months ago I posted an article in response to stories that the Chinese government had pegged either the SDR-denominated gold price or the Yuan-denominated gold price. These stories were based on gold's narrow trading range relative to the currency in question over the preceding two years,...Read More