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
A few simple tools can help anyone make smarter trades.It used to take years of practice and hours of research to consistently make winning trades in the stock market, but nowadaysfinding profitable trades shouldn't have to be a full-time job. In fact, trading like a pro can really be as easy as 1-2-3, with the right tools and technology!According to one company, there's a simple recipe that can...Read More
A surprising OPEC update also boosted oil pricesOngoing budget negotiations in the U.S. and global trade talks were again the focus on Wall Street today. However, the Dow, S&P 500, and Nasdaq all rallied this time around on a much more upbeat news cycle, with President Donald Trump indicating another government shutdown will likely be avoided, though he said he's "not happy" about the proposed spe...Read More
Speculators are targeting more short-term upside for PYX stockOptions volume is running hot on Pyxus International Inc (NYSE:PYX) this afternoon, as the stock heads toward its best day since Oct. 8. At last check, around 18,000 options have been exchanged -- five times the average daily volume -- with PYX shares trading up 28.1% at $21.58. Today's upside comes in reaction to the leaf tobacco manuf...Read More
Philip Morris stock just set off a historically bearish signal on its latest reboundThe shares of Philip Morris International Inc. (NYSE:PM) had set a series of lower highs following a late-April bear gap, and bottomed out at an eight-year intraday low of $64.67 on Dec. 27. The stock has since rallied over 23% and is now revisiting the $80 level -- a region of support for PM prior to its mid-Decem...Read More
Molson Coors, meanwhile, is slumping toward its worst day in monthsPositive headlines out of D.C. are driving stocks higher today. Among individual names making notable moves are insurance issue Brighthouse Financial Inc (NASDAQ:BHF), beer giant Molson Coors Brewing Co (NYSE:TAP), and mortgage application software specialist Ellie Mae Inc (NYSE:ELLI). Here's a quick roundup of what's moving the sh...Read More
Call activity was above the norm on MIME and VOYA on MondayScanning today's market activity, one of the biggest gainers is email solutions specialist Mimecast Ltd (NASDAQ:MIME). The shares were last seen trading up 19.7% at $51.24, already tapping a record high of $51.66, as Wall Street reacts to the firm's quarterly report, which revealed better-than-expected results and an upbeat outlook. A ton...Read More
Is it time to prepare for the next financial crisis?Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is going on?Former hedge fund manager, Dr. Steve Sjuggerud, one of the most widely-followed financial analys...Read More
COT SPECIAL PUBLICATION SCHEDULE Reminder -- Due to the U.S. Government Shutdown (February 1 Announcement) The last COT report was published on December 21, 2018. Reports going forward from that date will be published in chronological order beginning with the report previously scheduled for release on Friday, December 28, 2018 (based on data from Monday, December 24, 2018). The CFTC publ...Read More
Gold mining is one of the very oldest human occupations. The earliest known underground gold mine, in what is now the country of Georgia, dates back at least 5,000 years, when people were just starting to develop written language.Over the centuries, a number of innovations have emerged that disrupted and forever changed how we explore and mine for gold and other metals. Think dynamite, or the st...Read More
By: Dave KranzlerI get a kick out of these billionaires and centimillionaires, like Kyle Bass yesterday, who appear on financial television to look the viewer in the eye and tell them that economy is booming. Kyle Bass doesn't expect a mild recession until mid-2020. Hmmm - explain that rationale to the 78%+ households who are living paycheck to paycheck, bloated with a record level of debt an...Read More
By: Ira EpsteinGold down into important support zone -- Hope for the gold bears ..."April Gold Chart, lower highs and lower lows, down towards the support: $1306.50 area"Read More
By: Clint SiegnerThe battle to end taxation of constitutional money has reached the federal level as U.S. Representative Alex Mooney (R-WV) today re-introduced sound money legislation to remove all federal income taxation from gold and silver coins and bullion.The Monetary Metals Tax Neutrality Act (H.R. 1089) backed by the Sound Money Defense League and free-market activists - would clarify t...Read More
Dear Friend of GATA and Gold:While the law firm superintending the Canadian class-action lawsuit against gold and silver market rigging doesn't seem interested in communicating to the public about the case, GATA is reliably informed that the settlement agreement with Deutsche Bank reported today --http://www.gata.org/node/18857-- is not the end of the case.The lawsuit continues against eight oth...Read More
USA is coercing every nation not to use Huawei5G or any of Huawei telecom gear. USA is now using the threat of trade sanctions on nations using or intend to use Huawei telecom gear. This will be short term bullish for US dollar but in the long term it will sink the US dollar. I will prefer to accumulate more and more physical gold on dips. Better to increase portfolio allocation to hard assets n...Read More
A simple way to stop picking losers, and start cashing in like Wall Street's elite.Most traders would never believe that 9 out of 10 trades could be winners.But while it may sound impossible, thanks to a research breakthrough, it may not be as far-fetched as many think.JPMorgan's trading desk produced a 99.52% win rate from 2013 through 2017. That includes 2 straight years without a losing day....Read More
The outlook for the Brazilian mining industry has become very murky following a major accident in one of Vale's mines and the consequent increased scrutiny on operations by authorities, according to analysts.After Vale, the world's largest iron ore producer, announced it would be taking40 million tonnes per year (tpy) off its output to decommission older tailings dams, local regulators c...Read More
Bernstein upped its EA price target, tooElectronic Arts Inc. (NASDAQ:EA) stock is trading up 4.6% at $101.69, on news the company's battle royale game "Apex Legends" hit 25 million registered users following its release late last week. A price-target hike to $120 from $91 at Bernstein is only fueling the bullish flames, and EA options traders are rushing to get in on the action.Already today, 46,0...Read More
Gold prices were benefiting on Tuesday following a default in the greenback's impressive bull trend and consecutive days of gains that came to an abrupt end today. Gold is currently trading at 1310, below the session highs of $1,312.8/oz2 and up from $1,308.24/oz. The greenback fell to the 23.6% Fibo retracement of the late Jan rally as the market corrects, despite US yields which rema...Read More
A tentative bipartisan budget deal was reached earlier this morningThe Dow Jones Industrial Average (DJI) is up over 300 points at midday, enjoying a steady climb after a tentative bipartisan budget deal was reached to keep the government open beyond the Feb. 15 deadline. Meanwhile, the U.S. and China are progressing on trade talks as negotiations enter the second day in Beijing. The S&P 500 Inde...Read More
Turkey's biggest steel producer, Erdemir Group, reported earnings before interest, taxes, depreciation and amortization (Ebitda) for 2018 of TRY8.302 billion ($1.579 billion*), up 52.24% from TRY5.453 billion for 2017. The group sold 7.482 million tonnes of flat steel products in January-December 2018, down by 1.47% from the 7.594 million tonnes sold in 2017, it said last week. The increase in ear...Read More