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 stock is suffering with fellow Dow and industrial name CaterpillarIn the wake of Caterpillar's (CAT) earnings miss, fellow industrial name and Dow stock 3M Co (NYSE:MMM) is also taking a hit. Ahead of its fourth-quarter earnings release, slated for tomorrow morning, 3M stock is down 1.5% at $192.90. MMM has attempted to rebound after bottoming out at a nearly two-year low of $176.87 on Dec. 2...Read More
* FTSE 100 down 0.9 pct * FTSE 250 down 0.6 pct * Ocado gains after report of talks with M&S * Oil majors lose big (Adds company news items, updates to closing prices, changesanalyst quote)By Muvija M and Shashwat AwasthiJan 28 (Reuters) - London's main bourse ended Monday'ssession at its lowest in nearly a month as yet more downbeatdata from China and U.S. bellwether Caterpillar's weak foreca...Read More
Avalon GloboCare stock has already tripled in 2019The Dow is getting wrecked today as Caterpillar (CAT) and chip stocks sell off. Biotech name Amgen, Inc. (NASDAQ:AMGN) and video game retailer GameStop Corp. (NYSE:GME) are under pressure, but drugmaker Avalon GloboCare Corp (NASDAQ:AVCO) has doubled in value today. Below, we'll take a look at what's moving the shares of AMGN, GME, and AVCO.AMGN...Read More
The failure of a tailing dam in Vale's C??rrego do Feij??o mine in Brazil's southeastern Minas Gerais state could hamper the mining licensing process and is already affecting iron ore prices, analysts said.Iron ore spot prices and futures have come under pressure following the accident.Fastmarkets' MB 62% Fe iron ore index went up by $3.49 per tonne to $78.18 per tonne cfr Qingdao on Monday, up da...Read More
H.C. Wainwright has high hopes for the company's vaccineVaccine maker Novavax, Inc. (NASDAQ:NVAX) is in the spotlight today, after analysts at H.C. Wainwright initiated coverage of the penny stock with a "buy" rating. The brokerage firm also set a price target of $6 -- nearly triple NVAX's closing price on Friday -- waxing optimistic on Novavax's ResVax vaccine, which the analysts said could gener...Read More
Jan. 25th, 2019(S14-E680)Featured GuestsCEO Paul Snow &Bill MurphyPlease Listen HereShow HighlightsBill Murphy of GATA.org returns to the show with fresh insights on the PMs sector.Palladium is key precious metal in the auto manufacturing sector used primarily for emissions reduction in gas engines.China and other BRICS nations are stockpiling the metal amid a global shortage.The price of Pall...Read More
Gold took wing Friday, energized by weakness in the dollar. The $23 upthrust stalled almost exactly at the 1302.90 Hidden Pivot midpoint resistance shown, validating both the bullish pattern and a 1330.40 target we've been using for the last week or so. (Note: These numbers differ slightly from the ones given here earlier because the pattern's point 'C' low changed.) The 1330.40 'D' pivot wil...Read More
US-China trade war result, FOMC and January nonfarm payrolls will be closely watched. Gold and silver demand will be dependent on the ability/inability to trade over $1300 and $1560. A big week for gold and silver bulls. FOMC meet will be scanned for the timing of the next interest rate hike. Markets do not expect any interest rate hike this year. FOMC or Nonfarm payrolls either of them indica...Read More
Crude oil futures are down more than 4%The Dow Jones Industrial Average (DJI) is down more than 300 points at midday, due to disappointing earnings from Caterpillar (CAT). The S&P 500 Index (SPX) and tech-rich Nasdaq Composite (IXIC) are also lower, as traders weigh lowered guidance from chipmaker Nvidia (NVDA). Both companies cited weaker demand in China, amid the U.S.-China trade war. Elsewhere...Read More
Recent global news regarding Venezuela, China, and global oil supply/production have resulted in the price of Oil pausing over the past few weeks near $53 to $55 ppb. We believe the continued supply glut and uncertainty will result in oil prices falling, briefly, back below $50 ppb before any new price rally begins. Our researchers at www.TheTechnicalTraders.com believe historical resi...Read More
Nvidia call options have been popular in recent weeks Nvidia Corporation (NASDAQ:NVDA) is all over the news today, with the chip stock down a whopping 12.5% to trade at $138.30, after the company slashed its fourth-quarter revenue outlook to $2.2 billion versus the previous expectation of $2.7 billion. The semiconductor name cited weak China demand as a catalyst for the lowered forecast. But even...Read More
The Brazilian miner Vale had 11 billion Reais ($2.91 billion) blocked by local judges following the rupture and flood at one of its tailings dams at the C??rrego do Feij??o mine, while the company is also already subject to fines of up to 349 million Reais.Three separate rulings in the Brazilian state of Minas Gerais over the weekend accepted complaints from the state's administration and prosecut...Read More
Lithium is set to soar - and leave investors pocking huge profits.Even with all the headlines and controversy surrounding Tesla founder Elon Musk, recent research shows that even bad press can't stop the momentum of a huge component that makes Tesla what it is today.In fact, Tesla merely helped highlight how completely critical lithium is in today's increasingly-technological world... and how scar...Read More
The retailer's CEO is leaving, effective Feb. 2The shares of Guess?, Inc. (NYSE:GES) are spiraling today on news Victor Herrero is stepping down as the retailer's CEO. Co-founder and Chairman of the Board Maurice Marciano will step in on an interim basis until Carlos Alberini -- who formerly served as GES' chief operating officer from 2000 through 2010, and is currently head of Lucky Brand -- take...Read More
There is room for analysts to issue more bull notes on GRUBThe shares of GrubHub Inc (NYSE:GRUB) are down 0.3% to trade at $80.56, as broad-market headwinds offset a Credit Suisse upgradeto "outperform" from "neutral" and a price-target hike to $130 from $125. The analyst in coverage waxed optimistic on the company's delivery network, market expansion, and new partnerships, and said the firm wou...Read More
Iron ore prices shot up across the board on Monday January 28 amid market expectations of supply disruptions following a tailings dam failure at Vale's C??rrego do Feij??o mine in Brazil.MB 62% Fe Iron Ore Index: $78.18 per tonne cfr Qingdao, up $3.49 per tonne. MB 62% Fe Pilbara Blend Fines Index: $79.02 per tonne cfr Qingdao, up $3.49 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $79.81 per t...Read More
A former Cisco exec was appointed new COO of BlackBerry Mobile phone name BlackBerry Limited (NYSE:BB) just appointed Bryan Palma, a former Cisco (CSCO) senior vice president, as its new president and chief operating officer. In response, the shares of BB are slightly lower, down 1.1% at $8.01 -- set to break the equity's three-day winning streak. BlackBerry just endured its worst quarter since 2...Read More
Aluminium's three-month price on the London Metal Exchange fell by almost 3% at the close of trading on Monday January 28, continuing to trade at less than $1,900 per tonne while the rest of the complex followed lower.Total aluminium volumes traded on the exchange were moderate, with 13,588 lots changing hands by the close, and while the metal's LME stock levels remained firmly above 1 million ton...Read More
CAT is sinking after a fourth-quarter profit miss and weak guidanceThe shares of Caterpillar Inc. (NYSE:CAT) are driving broad-market losses this morning, down 8.9% to trade at $124.71, and the worst stock on the Dow so far. The swing lower comes after the construction concern's disappointing fourth-quarter earnings report, with Caterpillar hinting at the negative impact of the U.S.-China trade wa...Read More
The mid-cap index entered 2019 between its a pair of significant long-term moving averagesThe following is a reprint of the market commentary from the February 2019 edition of The Option Advisor, published on January 25. For more information, or to subscribe to The Option Advisor -- featuring 10 new option trades each month -- visit our online store.The S&P MidCap 400 Index (MID) doesn't get nearl...Read More