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
Meanwhile, SCHW is in the red after a downgradeStocks spent most of the day just above breakeven, while traders now digest the latest Fed minutes. Three names to watch today are Tesla rival Kandi Technologies Group Inc (NASDAQ:KNDI), charging station operator Blink Charging Co (NASDAQ:BLNK), and financial firm Charles Schwab Corporation (NYSE:SCHW). Let's take a closer look what's happening with s...Read More
The stock has nearly doubled over the past 12 months Advanced Micro Devices (NASDSAQ:AMD) rose nearly 3% last week after the Wall Street Journal reported China could boost its U.S. semiconductor purchases over the next six years as part of broader trade negotiations between the two countries. This positive price action is just more of the same for AMD, though, with the stock up 28% year-to-date an...Read More
* FTSE 100, FTSE 250 up 0.7 pct * Sainsbury's tanks as CMA objects to Asda deal * Lloyds, Glencore shine after results * Financials, miners lead main index higher * Intu Properties slips among mid-caps * Flybe soars on alternate financing proposal (Adds company news items, updates to closing prices)By Shashwat Awasthi and Muvija MFeb 20 (Reuters) - London's main bourse rose as Lloydsgained after p...Read More
By: RambusBelow is the combo chart which has the HUI on top, the UUP in the middle and GLD on the bottom. Everything looks fine.The GDX daily chart shows a nice breakout and backtest to the top rail of the bullish rising wedge and now the door is open for a move higher.Below is the weekly chart for the GDX which shows the breakout starting to gaining some momentum.Below is the weekly chart for...Read More
By: Ira EpsteinMetals roar to the upside - Palladium explodes to the upside. The world wants to inflate:Read More
ASIAN METALS MARKET UPDATEI am not concerned over the rise in gold prices. I was bullish on gold, I am bullish on gold and I will remain bullish on gold. There will be corrections in gold prices. It will not be a one way traffic. What will be the floor price/bottom price if gold prices fall? To me a correction of $100-$125 are a part and parcel of the bull rally in gold. Right now gold should no...Read More
Roku stock is well into overbought territoryStreaming device stock Roku Inc (NASDAQ:ROKU) is up 0.5% at $53.48 in afternoon trading, as the options market gears up for the company's fourth-quarter earnings, slated for after the market closes tomorrow, Feb. 21. Below, we will take a look at what the post-earnings moves the shares have been priced in for, and how ROKU has been faring on the charts.R...Read More
Our research has indicated that precious metals should be setting up for a period of rotation and sideways trading over the next 20~30 days. We issued a research post on January 28, 2019 warning that precious metals would be consolidated over a 30~45 day period before setting up for a massive upside price move, here. This research was based on our Adaptive Dynamic Learning price modeli...Read More
Raymond James highlighted three reasons to be cautious on PSTG before earnings next weekFlash drive storage specialist Pure Storage Inc (NYSE:PSTG) this morning saw its stock's rating at Raymond James cut to "market perform" from "outperform." The brokerage firm noted the slowdown in data center sales from business partner Nvidia (NVDA), on top of the weakness seen from storage rival NetApp (NTAP)...Read More
Gold continues to soar, up 14% in the last six months and now challenging its 2018 highs.If you’re looking to understand why Gold continues to rally, you don’t have to look any further than the political arena where more and more politicians are calling for wealth taxes and cash grabs. Gold knows that these folks are not going to limit their plans to the super wealthy… it knows...Read More
Crude oil prices are flirting with YTD highs, but these stocks could dipOil prices are on the rise again today, with front-month crude last seen 1.8% higher at $57.08 per barrel -- a new year-to-date high. However, a pair of energy stocks recently flashed historically bearish signals, suggesting it may be time to jump ship on Gulfport Energy Corporation (NASDAQ:GPOR) and EQT Corporation (NYSE:EQT)...Read More
Below is the combo chart which has the HUI on top, the UUP in the middle and GLD on the bottom. Everything looks fine. The GDX daily chart shows a nice breakout and backtest to the top rail of the bullish rising wedge and now the door is open for a move higher.Below is the weekly chart for the GDX which shows the breakout starting to gaining somemomentum.Below is the weekly chart for the GDXJ whic...Read More
The company just sold its hemp foods unit Manitoba Harvest to weed giant Tilray The investment trust company Compass Diversified Holdings (NYSE:CODI) just announced the sale of its majority-owned hemp foods unit, Manitoba Harvest, to the marijuana concern Tilray Inc (TLRY) for roughly C$419 million. Compass said it plans to use the deal's proceeds to repay debts. As a result, CODI stock shot up ro...Read More
The VIX fell to a four-month low earlier The Dow Jones Industrial Average (DJI) is clinging to marginal gains at midday, as investors await the release of the latest Fed meeting minutes. There are no new trade developments between the U.S. and China to report, althoughPresident Donald Trump has been hinting at a possible extension to the March 1 tariff deadline. The S&P 500 Index (SPX) and Nasd...Read More
The time to invest is now, according to one economist.The man who warned of the 2001 tech crash, the 2008 subprime financial disaster and oil's shocking fall in 2016 - years before they happened - has issued a new earth-shattering statement:"Right now, the markets are giving investors a critical window to rapidly boost their retirement savings before the greatest stock market crash in American his...Read More
BHP does not see a case for any major new investment for the iron ore sector in its long-term view of the market despite recent supply disruptions in Brazil."[...] we have been concentrating for some time on maximizing the capacity of our existing investment, and we continue to do that and [...] have no plans we would change as a consequence of what is happening and the current high price, because...Read More
The drugmaker reported a fourth-quarter revenue beat and solid full-year guidance The shares of Bausch Health Companies Inc (NYSE:BHC) were higher out of the gate today, after the drugmaker reported fourth-quarterrevenue that surpassed analysts' expectations. The pharmaceutical concern also issued stronger-than-expected full-year revenue guidance, and said it will focus on important launches, incl...Read More
Mining companies in Brazil that operate 'upstream' tailings dams will have to completely decommission them by August 15, 2023, according to a new resolution issued by the country's mining agency ANM on Friday February 15.The document, published in the Brazilian official gazette on Monday February 18, showed that 84 dams currently operate through the upstream method, or an 'unidentified' one, and a...Read More
Tesla is replacing its general counsel after just two monthsThe shares of Tesla Inc (NASDAQ:TSLA) are down 1.8% in electronic trading, after the Wall Street Journal (subscription required) reported that the company was replacing its general counsel, Dane Butswinkas, after just two months on the job, effective immediately. Elsewhere, Electrek is calling attention to an email sent to employees th...Read More
Brazilian miner Vale has pre-emptively evacuated about 200 people living close to another of its iron ore tailings dams after reviewing an independent report, the company said on Sunday February 17.The people were taken from Nova Lima, close to the Mar Azul mine in the south-eastern state of Minas Gerais. Level 2 of the country's emergency action plan for tailings dams was triggered by Vale a...Read More