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
Yesterdaywe witnessed a good attempt to move to the downside. The sellers were partiallyrebutted. How did the big picture stand the test of yesterday and what are weto do about it? Let’sexamine the chart below (charts courtesy of http://stockcharts.com). Yesterday,crude oil increased a bit after the market’s open and hit a fresh January high.On an intraday basis, that is. The combinati...Read More
It's already been a wild day on the charts for Turtle Beach stockThe shares of video game headset maker Turtle Beach Corp (NASDAQ:HEAR) made a big move out of the gate today, after the company told investors it's expecting to report strong results for the fourth quarter and 2018 as a whole. In the release, CEO Juergen Stark cited growing market share in North America as one reason for the success....Read More
Brazilian miner Vale has declared force majeure on a number of iron ore and pellet contracts with customers, following the halt of its Brucutu mine in the state of Minas Gerais, the company said on Tuesday February 5.A court in Belo Horizonte, the capital of Minas Gerais, has prohibited Vale from using eight tailings dams on February 4, with Brucutu being the most-affected operation. Annual output...Read More
The company just posted a profit for the first time in five quartersThe shares of GoPro Inc (NASDAQ:GPRO) are up 2.4% at $5.27 in early market trading, after the company announced fourth-quarter earnings and revenue that beat analysts' expectations. This is the first time in five quarters that the company has reported a profit, and CEO Nicholas Woodman said, "With this momentum and a continued foc...Read More
At least a dozen price-target hikes have been issued already to CMGThe shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) are up 10% to trade at $578.98, and nabbed a three-year high of $580 out of the gate. The burrito chain reported fourth-quarter adjusted earnings of $1.72 cents per share -- smashing the average estimate of $1.37-- while revenue of $1.20 billion also topped the $1.19 billion f...Read More
GM, meanwhile, continues to get praise from Wall StreetFiat Chrysler Automobiles NV (NYSE:FCAU) is down 11.5% before the open, as a downbeat 2019 forecast overshadows a seemingly strong fourth-quarter report. There has yet to be any notable updates from the analyst community following the automaker's quarterly report, but FCAU should be wary of future bear notes. The shares were already down 24%...Read More
The stock could be headed toward its worst day everSolid Biosciences Inc (NASDAQ:SLDB) could be on track for its worst day ever, after the life sciences company reported disappointing preliminary data for its Duchenne Muscular Dystrophy (DMD) gene therapy treatment. The study includes a planned dose escalation, and the company plans to move forward with a higher dosage.In reaction to this early da...Read More
Twitter stock is down on weak current-quarter guidanceDow Jones Industrial Average (DJI) futures are pointing to a triple-digit drop today, on renewed concerns about the health of the global economy. The European Commission reduced its 2019 economic growth forecast for the eurozone, citing international trade tensions. In addition, traders are digesting the latest round of earnings reports, with s...Read More
Base metals prices on the London Metal Exchange were collectively lower at the close of trading on Thursday February 7, with low volumes and limited buying interest due to the Lunar New Year public holiday in China, while the strength of the US dollar deterred investment.Aluminium futures continued to trade against positive fundamentals in the day's trading, falling below the support level of $1,9...Read More
By: Dave Kranzler"Our advice is to own as little exposure U.S. equity exposure as your career risk allows." - Martin Tarlie, member of portfolio allocation at Grantham, Mayo, Van Otterloo investment managementThe following is an excerpt from the latest Short Seller's Journal:Economy is worse than policy makers admit publicly - Less than four months ago, the FOMC issued a policy statement tha...Read More
Happy Year of the Pig! This week marks the start of China's Spring Festival, during which an estimated 3 billion trips will be made using the country's massive transportation network of roads and rail. That figure is a slight rise from the same period last year, despite slowing economic growth prompted by trade tensions with the U.S. and a strengthening dollar.Ctrip, China's largest online trave...Read More
Listen to the Podcast Audio: Click Here Mike Gleason: It is my privilege now to welcome Axel Merk President and Chief investment officer of Merk Investment and author of the book Sustainable Wealth. Axel is a well-known market commentator and money manager and is a highly sought-after guest at financial conferences and on news outlets throughout the world and it's always great to have him bac...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
By: Craig Hemke, TF MetalsIt has been a few weeks since we focused on palladium... and the last three weeks have been eventful for our new friend. He's been punched lower, but has crawled up off the mat each time. And now he appears ready to make another batch of new all-time highs.If you've been following along, then you'll recall that Mr. Palladium became our new friend back in the late summer...Read More
By: Ross NormanIf, as they say, it is darkest just before the dawn, then surely for gold at least, the sun must be cresting the horizon now ?After seven disappointing years - in US dollars at least - it is hard to shake off some scepticism. That said, gold is showing vigour in no less than 72 currencies where it is at or close to an all-time high - see hereLooking ahead - it is our view that go...Read More
Washington, DC (February 5, 2019) - A member of the U.S. House Financial Services Committee today pressed the Commodities Futures Trading Commission (CFTC) on its conspicuous failure to uncover the very silver market manipulation now being prosecuted by the U.S. Department of Justice. In a probing letter dated February 5 to CFTC Chairman J. Christopher Giancarlo, Rep. Alex X. Mooney (R-WV) writ...Read More
By: Ira EpsteinMetals very mixed going into the State of the Union address:Read More
The S&P's win streak came to an end at five daysThe S&P 500, Dow, and Nasdaq all briefly flirted with positive territory today, but ultimately closed in the red. As such, the S&P ended a five-day win streak, while the Dow's own streak was snapped at three straight. On top of earnings from names like General Motors (GM) and Snap (SNAP), traders were also greeted with trade buzz early on, after Trea...Read More
Turkish export rebar and wire rod prices have soared in the first week of February following the surge in import scrap costs in the country.The price for imported scrap increased on tight supply, low stocks and high collection costs because of the winter weather.The Fastmarkets MB daily ferrous scrap HMS 1&2 (80:20) index for material in North...Read More