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
PLAY is set to take out its 80-day moving averageThe shares of Dave & Buster's Entertainment Inc (NASDAQ:PLAY) are up 4.5% at $53.05 in early trading, on upped guidance from the entertainment concern. Specifically, the company raised its full-year sales and net income forecasts. PLAY stock has been attempting a rebound, after a mid-December bear gap led the shares to shed 32.7% last quarter -- th...Read More
The FAANG name has started 2019 off on a bullish noteThe shares of Facebook, Inc. (NASDAQ:FB) are up 2% to trade at $148.29 this morning, after Barclays weighed in on the social media sector, saying it is "slightly more optimistic" ahead of fourth-quarter earnings. For FB, specifically, the brokerage firm reaffirmed its "overweight" rating and $180 price target. And given Wall Street's extreme n...Read More
Piss poor performance for conference host Mr. Katusa considering he charges $3495 USD a year for his subscription service. All three of his picks mentioned at the show were significantly in the red over the last year.The competition was between Marin Katusa, Frank Holmes, and Rick Rule (winner).Only 2 out of the 8 picks given finished in the green.I hope someone holds Marin and Frank accountable a...Read More
The big-box retailer is leaving CVS' pharmacy networksShares of CVS Health Corp (NYSE:CVS) are taking a hit this morning, after Walmart (WMT) said it will exit CVS-run pharmacy networks following a pricing dispute. CVS has requested the retail powerhouse continue to fill prescriptions as an in-network partner through April 30. According to the Wall Street Journal though, if Walmart doesn't agree,...Read More
Morgan Stanley boosted its rating on the IT services providerMorgan Stanley upgraded Akamai Technologies, Inc. (NASDAQ:AKAM) to "overweight" from "equal weight," saying the IT services company should benefit from accelerated security growth and stabilization in media. However, following the tech stock's recent technical troubles, the brokerage firm also cut its AKAM price target to $79 from $82, t...Read More
How you can transform lagging indicators into leading indicators.With the market action of the last few weeks, some traders may feel like they're working blind -- after all, who knows what the Dow will do next? With bulls and bears butting heads in their predictions, many investors are looking for a way to try and predict what's to come, to avoid losing any of their capital to sudden corrections a...Read More
Federal government shutdown drags into its fourth week. Will it boost gold prices? US Government Shuts Down, Again Could you imagine life without a government? Now, you can. The federal government has been shut down since December 22nd, 2018. The government shutdown does not, of course, imply that the whole government is closed. Only non-essential discretionary federal programs and agencies close....Read More
A parliamentary vote on Brexit will take place in the U.K. todayDow Jones Industrial Average (DJI) futures are pointed lower this morning ahead of a busy day on Wall Street. Investors are digesting subpar quarterly results from banking giant JPMorgan Chase (JPM), which reported a fourth-quarter earnings miss. This disappointment has offset encouraging developments abroad, after the People's Bank o...Read More
Gold's 12-day-long consolidation near $1,300 has taken the shape of a contracting triangle, the 4-hour chart shows. 4-hour chart The key moving averages (MAs) - 50, 100, and 200 - are trending north and are located one above the other, indicating the path of least resistance is on the higher side. Therefore, the risks of a contracting triangle breakout are high. Moreover, a breakout, if confi...Read More
The floodgates are about to open, and early investors stand to reap some major rewards.Everyone knows: It's the casino that NEVER LOSES.And for years, the gaming industry has been stuck in a legal limbo, with black market bookies and smoky underground clubs soaking up billions in potential profits.But the floodgates are about to open to the general public.A key law outlawing online gambling across...Read More
Over half of annual global silver production was traded just yesterday alone. Here's Harvey with the details...by Harvey Organ of Harvey Organ BlogJAN 14/GOLD UP $1.65 TO $1290.95/SILVER IS UP ONE CENT TO $15.64/DOW DOWN 86 POINTS/NASDAQ DOWN 65 POINTS/ALIBABA WARNS OF SLOWING SALES IN CHINA/CANADIAN CONVICTED OF DRUG SMUGGLING IN CHINA HAS BEEN GIVEN THE DEATH PENALTY/FRANCE ENDURES ITS 9TH STRAI...Read More
A summary of base metals premiums from across the globe for the week to Tuesday January 15.Please click...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
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
Gold and Silver from a long-term perspective have created a series of lower highs over the past 8-years. Will 2019 bring a change to this trend? A big test is in play!Gold since the lows in 2016 has created a series of higher lows, while Silver may have created a double bottom.Gold & Silver are currently facing break attempts a (1) and (2). These falling resistance lines have disappointed metals b...Read More
Some of the mining world's top executives are starting to plan their departures, driving speculation about who will lead their companies into the next decade.The changing of the guard raises the prospect of a strategic shift, as the industry searches for ways to enthuse investors after a belt-tightening era characterized by asset sales and cost control.Here, based on conversations with executives...Read More
Electric cars are better for the environment than traditional gasoline models, and that benefit will grow as power generators shift away from coal.That's the conclusion of research by BloombergNEF, which found carbon dioxide emissions from battery-powered vehicles were about 40 percent lower than for internal combustion engines last year. The difference was biggest in Britain and the U.K., which h...Read More
Lawyers for Vedanta Resources told England's Supreme Court on Tuesday that a case raised against the mining company by nearly 2,000 Zambian villagers should be heard in Zambia not London.India-listed Vedanta, which delisted from London last year but maintains a legal base in Britain, is appealing a lower court ruling that a case in which villagers alleged their land was polluted by a Vedanta unit...Read More
Comex copper prices bounced-back on Tuesday morning in the US amid news of another round of Chinese monetary stimulus arriving soon.The copper price for March settlement on the Comex division of the New York Mercantile Exchange gained $1.75 cents to $2.6525 per lb. "We are seeing very quiet conditions across the markets today; base metals are mostly higher on account of news of fresh Chinese...Read More
Flat steel import prices in the United Arab Emirates have been stable over the past week, with demand still weak, but in Saudi Arabia import prices for hot-rolled coil (HRC) fell, sources said on Tuesday January 15.Demand was subdued because stock levels in the UAE were already high and buyers have not started to place bookings in 2019, sources told Fastmarkets.UAEChina-origin HRC was on offer to...Read More