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
All three names are staring at double-digit percentage declinesStocks are staring at stiff losses following fresh U.S.-China trade news. Among individual names making big moves lower are ePort parent USA Technologies, Inc. (NASDAQ:USAT), biotech Sangamo Therapeutics Inc (NASDAQ:SGMO), and diagnostic testing specialist OraSure Technologies, Inc. (NASDAQ:OSUR). Here's a quick look at what's moving t...Read More
He whocontrols the gold makes the rules. That old adage applies aptly to the presentcrisis in Venezuela.Aninternational battle for control of Venezuela’s gold is currently underway. Atstake is the country’s political future – and with it, the global market forits immense oil reserves.In adesperate effort to cling to power, Venezuelan strongman Nicolas Maduro hasbeen depleting his...Read More
The stock just pulled back to a trendline with bullish implicationsFew stocks have had as rough a start to February as Innoviva Inc (NASDAQ:INVA). The pharma name shed 17.3% last week alone, and has extended those struggles to this week. However, this pullback, if history is any guide, could present a buying opportunity for INVA bulls. More specifically, Innoviva stock is now trading within one...Read More
The new Alchemist is out. What can we learn from thelatest publication of the LBMA? We invite you to read our today’s article andfind out!OesterreichischeNationalbank (OenB) and GoldIn the previous edition of the Gold News Monitor, we havealready analyzed one article from the newest Alchemist about the gold outlookfor 2019. Today, we would like to return to the publication and examine therem...Read More
By: Ira EpsteinMomentum is gold and silver point down but support should not be far away:Read More
Wednesday's asphyxiating tedium was a reminder that DaBoyz are in no rush to take stocks higher, especially if the short-covering needed to do so is absent. Usually, bear buying-binges are driven by "good" news. On this particular day, however, the headlines concerned a State of the Union speech that held little interest for Wall Street. Toss in the usual bilge concerning political bickering, Mu...Read More
The Brazilian automotive industry produced 196,767 cars, light commercial vehicles, trucks and buses in January 2019, local manufacturers' association Anfavea said on Wednesday February 6.Output was down by 10% from 218,717 units in the corresponding month of 2018, as exports continued to fall, the group added.But the volumes produced were 10.90% higher than the 177,503 units in December 2018. The...Read More
By: Ira EpsteinMetals very mixed going into the State of the Union address:Read More
A hidden gem trading under a secret name could be the key to retirement riches.Picture theperfectstock for a moment.What would it look like?No doubt it would have hundreds of billions in revenue - more than tech giants like IBM, Facebook and Google.It would probably be a leader in cutting-edge technology like smartphones, robotics, e-commerce and medical equipment.It would have tens of thousands o...Read More
With testing underway, one medical marijuana breakthrough could tempt some major pharma players. The medical marijuana industry is creating massive opportunities for forward-thinking investors. The global market is estimated to be worth $7.7 billion, and will potentially see a compound annual growth rate of 60 percent, as other countries continue to liberalize their medical marijuana laws. Grand...Read More
The Technical Traders Ltd. research team has been on top of nearly every move in the metals markets over the past 12+ months. On February 1, we posted this article: Get Ready For The Next Big Upside Leg In Metals/Miners. In this post, we suggested that the recent peak in Gold, near $1330, would likely end and prompt a downside price rotation over the next 45+ days.Subsequently, on Janu...Read More
Upbeat earnings could result in price-target hikes for CLFCleveland-Cliffs Inc (NYSE:CLF) will release its fourth-quarter earnings report before the opening bell tomorrow, Feb. 8, and the shares will be looking to extend their strong start for 2019. That is, the mining concern sports a year-to-date lead of 43.4%, last seen at $11.08, and earlier today touched its highest point since early November...Read More
Plus, 40 stocks with extreme SOIR readings right nowA number of indicators are used at Schaeffer's to assess the temperature of a stock, and to better understand trader sentiment. One of the more ubiquitous indicators is the Schaeffer's put/call open interest ratio, or the SOIR, which measures a stock's short-term open interest and can be used to gauge near-term option traders' expectations. What...Read More
ArcelorMittal Europe's fourth-quarter earnings declined by 13% year on year in 2018 on "lower steel shipment volumes," the company said on Thursday February 7.Earnings before interest, taxes, depreciation and amortization (Ebitda) at ArcelorMittal Europe dropped to $749 million in the October-December quarter, down from an Ebitda of $861 million in the corresponding period in 2017. The compan...Read More
Blue-chips Cisco Systems and Coca-Cola will report earningsEarnings season is continuing with gusto, as Dow names Cisco Systems (CSCO) and Coca-Cola (KO) step up to the plate next week. We'll also hear from semiconductor firms Nvidia (NVDA) and Applied Materials (AMAT). Plus, investors will digest a round of inflation data, while several Fed speakers will take the mic. U.S.-China trade relations...Read More
In December President Trump pounded out a tweet that raised a lot of eyebrows in the Twitterverse. It had to do with America’s defense spending, perceived by Trump to be much too high. He wrote:Didn’t Trump campaign on a stronger military, to crack down on ISIS? To make America safer again? He did, and so the head-scratching began. It was especially odd considering that Trump sign...Read More
The brokerage firm is optimistic about the company's Bivigam prospectsThe shares ofbiopharmaceutical concern ADMA Biologics Inc (NASDAQ:ADMA) are higher this afternoon, after analysts at H.C. Wainwright launched coverage with a "buy" rating, waxing optimistic on the company's Bivigam prospects. Specifically, the analyst thinks the drug -- rejected for relaunch by the Food and Drug Administration (...Read More
The environmental secretariat of Brazil's southeastern Minas Gerais state, Semad, has suspended a license granted in 2015 for Vale to operate the Laranjeiras tailings dam, connected to the Brucutu iron ore mine.The decision follows a court ruling that ordered the suspension of the Brucutu mine, according to Vale, and it makes any restart of the mine's operations more difficult."The resumption of t...Read More
Oil prices are pulling back todayThe Dow Jones Industrial Average (DJI) is sharply lower at midday. Global economic concerns initially sent the index down triple digits, and losses were exacerbated after White House economic advisor Larry Kudlow told Fox Business there is "sizable difference" between the U.S. and China on any sort of trade deal. Additionally, a CNBC report suggested a meeting bet...Read More
The European Commission slashed its growth forecast for the European economy Thursday, but stopped short of predicting a deeper recession in Italy, as the region braces for the impending departure of its biggest trading partner when Britain leaves the bloc at the end of next month. In its regular quarterly forecasts, published today in Brussels, the Commission said it sees broader Eurozone growt...Read More