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
- Turbulent markets and Brexit mean it is essential to consider safer options like gold- You need to take some risk in a portfolio - cash, gold and planning are essential- To build a financial fortune & long-term wealth one must diversify assets & own gold- "Physical gold (bars & coins) can be bought from an online bullion dealer -the likes of Goldcore" writes Jeff Prestridge for This Is Money...Read More
Fears of a contagion effect of the Chinese slowdown is preventing industrial metals and crude oil from rising. Focus is more on Brexit globally. There is speculation that the UK might now leave the European Union. The Cable will zoom like a space rocket if there is clear information that the UK will not leave the European Union. A second referendum vote (if any) will be in favor of the UK not le...Read More
Call options are trading at a faster-than-usual clip on the healthcare nameCantor Fitzgerald today initiated coverage on Array Biopharma Inc (NASDAQ:ARRY) with an "overweight" rating and $30 price target -- representing a premium of 76% to Monday's close at $17.07. The brokerage firm said Array's "lead asset, Mektovi+Braftovi, still appears underappreciated by investors," and the combination "has...Read More
Front-month strikes are popularThe shares of VirnetX Holding Corporation (NYSEAMERICAN:VHC) are up 39.5% at $5.40 -- earlier hitting a 15-month peak of $5.57 -- after a U.S. appeals court upheld a 2016 ruling that required Apple (AAPL) to pay the security technology firm $302 million in a patent infringement case. That amount has now grown to $440 million due to interest and increased damages, amo...Read More
CloseGain/LossGold $1289.20-$2.40Silver$15.57-$0.06XAU69.37-2.50%HUI153.07-2.68%GDM576.85-1.64%JSE Gold1345.05-31.18USD95.93+0.33Euro114.12-0.58Yen92.36-0.05Oil$52.11+$1.6010-Year2.718%+0.011T-Bond145.3125-0.09375Dow24065.59+0.65%Nasdaq7023.83+1.71%S&P2610.30+1.07% The Metals: Gold dipped $4 to $1287.60 at about 5AM EST before it rose to as high as $1294.70 by midmorning...Read More
Both AEO and ANF options are attractively priced as the stocks appear set to slideYesterday, retail stocks American Eagle Outfitters (NYSE:AEO) and Abercrombie & Fitch Co (NYSE:ANF) were in focus after reaffirming their respective fourth-quarter sales forecasts. While the retailers aren't slated to report their full holiday-season results until the first week of March, both stocks could run into t...Read More
Base metals prices on the London Metal Exchange were predominantly higher at the close of trading on Tuesday January 15, with a continued uptrend in nickel and tin futures topping gains while zinc and lead prices edged lower. Supporting commodity investment, strong performances in both the Dow Jones Industrial Average and the S&P 500 Index over the afternoon fueled positive risk sentiment despite...Read More
Full Article: Eccles Prison Blues - The Big SqueezeBy: Gary ChristensenMiles Franklin sponsored this article by Gary Christenson, the deviant investor.Johnny Cash sang "Folsom Prison Blues" in 1957. The first verse is:Full Article: Eccles Prison Blues - The Big SqueezeBy: Gary ChristensenDisclaimer (C) 2010 Junior Gold Report and TechMoney360Junior Gold Report and TechMoney360 Newsletter: Jun...Read More
The Turkish steel producers extended their absence from the deep-sea scrap markets on Tuesday January 15, while prices remained at their earlier levels, Fastmarkets has heard.Turkish mills booked some deep-sea cargoes last week from suppliers in the United States and the Baltic Sea region, at prices around $280 per tonne cfr for HMS 1&2 (80:20), to replenish their stock levels.Prices have remained...Read More
The London Metal Exchange will launch a discussion paper proposing changes to current warehouse rules, including relaxing queue-based rent capping (QBRC) to 80 days, chief executive officer Matthew Chamberlain said. Speaking to Fastmarkets MB, Chamberlain said the proposals for change have been driven by the warehouses and the paper will be reviewed by the LME warehousing committee before it goes...Read More
The Fed's recent flip on monetary policy is inadvertently creating an ideal environment for gold to thrive in.Its dovish path should further suppress the dollar, lower interest rates, and eventually create excess inflation.These are extremely positive developments for gold.These factors also coincide with increased interest amongst speculators, and a very constructive technical image that sugg...Read More
Gold's returns over time are unimpressive - if your comparison is stocks.But that's not really the relevant comparison, and in fact, gold can facilitate your ownership of stocks.The portfolio purpose that gold ultimately serves is as a cash equivalent that beats inflation and as a store of value when your dollars are not holding up.Gold's returns over time are unimpressive - if your comparison is...Read More
UnitedHealth stock is at the top of the Dow after earningsThe Dow Jones Industrial Average (DJI) is modestly higher at midday, with UnitedHealth Group (UNH) leading the charge after earnings, overshadowing lackluster results from JPMorgan Chase (JPM). Meanwhile, Netflix (NFLX) is leadingtech stocks and helping the Nasdaq Composite (IXIC) outperform, after announcing plans to raise subscription p...Read More
Here are five Fastmarkets MB stories you might have missed on Tuesday January 15 that are worth another look.The London Metal Exchange will launch a discussion paper proposing changes to current warehouse rules, including relaxing queue-based rent capping to 80 days, chief executive officer Matthew Chamberlain said. Liberty Steel USA, a subsidiary of GFG Alliance, is considering exp...Read More
The company is teasing a "new relationship and material opportunity"The shares of New Age Beverages Corp (NASDAQ:NBEV) are higher today, as traders await the company's special conference call tomorrow. Specifically, the firm -- which is dabbling in CBD-infused drinks -- this morning said it will hold an investor call at 8:30 a.m. ET tomorrow, Jan. 16, "to provide a special business update on a new...Read More
Fund flows data shows traders have piled back into SMH during the past weekThe VanEck Vectors Semiconductor ETF (NYSEARCA:SMH) enters standard January options expiration week with its trading range clearly cut out for it. Overhead, we have the round century level of $100, which is currently about 9.4% north of the exchange-traded fund's (ETF's) Friday close. And hovering directly near this psychol...Read More
It is natural that we measure things by a familiar yardstick - the problem is that being so-biased or lazy, we can be deceived. Take gold. Popular belief has it that gold prices have not performed especially well despite some egregious geopolitical and economic factors. Well measured in 72 currencies, gold is at ... or within a few percentage points ... of being at an all time high for people in t...Read More
BAC will report earnings ahead of tomorrow's openBig banks are starting to report earnings, with a rare profit miss for JPMorgan Chase (JPM) in focus today. Bank of America Corp (NYSE:BAC) is scheduled to take its turn in the earnings confessional ahead of the open tomorrow, Jan. 16. While the stock is trading down 0.8% today at $26.17, the options market is expecting a bigger-than-usual post-earn...Read More
An overdue round of bull notes could create tailwinds for SBUXCoffee stock Starbucks Corporation (NASDAQ:SBUX) recently bounced off its 80-day trendline for the second time this year. With the shares forming a symmetrical triangle and sitting just atop their post-earnings bull-gap levels from early November, SBUX could have found a new short-term floor. Analysts remain divided, so a round of bul...Read More
Gold futures finished lower Tuesday, pulling back after a two-session climb, as U.S. benchmark equity indexes rose and the dollar strengthened. Palladium, meanwhile, snapped a 10-day stretch of gains, with futures prices failing to settle above that of gold. February gold GCG9, +0.16% shed $2.90, or 0.2%, to settle at $1,288.40 an ounce. Futures prices, which touched an intraday high of $1,296....Read More