Benjamin Franklin once said, "An ounce of prevention is worth a pound of cure." Those words could not be anymore true than they are today. Claim a free guide now.Since the year 2000, 555 banks have FAILED and closed their door forever. That averages out to 30 banks a year closing their doors. They were small enough to not qualify for a government bail-out, but now no bank will fail.Instead, many f...Read More
(Adds details, foreign investment relaxation)By Gayatri SuroyoJAKARTA, Nov 16 (Reuters) - Indonesia's government istightening requirements to force companies to repatriate revenuefrom the export of natural resources, a minister said on Friday,as authorities seek to support a fragile rupiah currency.Special accounts will be created for exporters to depositexport revenue at local banks to allow for...Read More
Plus, an FDA nod has SGEN shares higherIt's been another volatile session for stocks today, with the Dow swinging higher in afternoon trading. Among individual names making notable moves today are Google parent Alphabet Inc (NASDAQ:GOOGL), healthcare issue Acadia Healthcare Company Inc (NASDAQ:ACHC), and drugmaker Seattle Genetics, Inc. (NASDAQ:SGEN). Here's a quick roundup of what's moving the sh...Read More
* Spot gold may edge up to $1,223/oz - Technicals * Palladium up over 3 pct for the week so far (Adds comment, updates prices)By Eileen SorengBENGALURU, Nov 16 (Reuters) - Gold prices rose on Friday,having hit a one-week high earlier in the session, as investorssought safe-haven assets amid fears of a chaotic departure forBritain from the European Union.UK Prime Minister Theresa May's draft Brexit...Read More
Several Apple suppliers offered up weak forecastsIt was a dreary week on Wall Street, with Apple (AAPL) driving most of the price action early on. And while a positive earnings reaction for Cisco Systems (CSCO) and a Buffett-inspired surge for JPMorgan Chase (JPM) on Thursday helped the Dow snap its longest daily losing streak since August, sharp declines in the semiconductor space today have the...Read More
SQ has still more than doubled in 2018 despite recent strugglesShares of Square Inc (NYSE:SQ) are 2% lower at $72.09 at last check, under pressure after the company's Chief Financial Officer (CFO) Sarah Friar announced she will be leaving today, a few weeks earlier than the expected. Square stock is now down more than 29% from its Oct. 1 record high of $101.14. But if history is any indicator, no...Read More
CloseGain/LossOn WeekGold $1221.90+$8.60+0.99%Silver$14.41+$0.12+1.69%XAU66.08+1.67%+2.99%HUI148.56+1.47%+3.59%GDM539.56+1.49%+1.88%JSE Gold1121.57+12.92+2.14%USD96.44-0.61-0.47%Euro114.17+0.83+0.69%Yen88.65+0.41+0.70%Oil$56.46UNCH-6.20%10-Year3.071%-0.042-3.73%Bond139.59375+0.8125+1.25%Dow25413.22+0.49%-2.22%Nasdaq7247.87-0.15%-2.15%S&P2736.27+0.22%-1.61% The Metals: Gol...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort168,416177,663122,818201,354203,177492,588503,658Change from Prior Reporting Period -72527,54819,56027,457-8,85646,29238,252Traders16895886253273202 Small Speculators (C) GoldSeek.com LongShortOpen Interest 46,93235,862539,520 -1,6836,35744,609 non reportable positionsChange f...Read More
Key Gold and Precious Metals News, Commentary and Charts This WeekGold and silver have eked out slight gains this week as stock markets came under pressure due to concerns about tech and oil sector valuations, Italian banks and political and financial turmoil due to Brexit.Gold is 0.65% higher for the week in dollars and has seen greater gains in euro (+0.8%) and the pound (+2.17%). The latter h...Read More
CVX is one of the best Dow stocks today as oil prices stabilizeThe Dow Jones Industrial Average (DJI) was down triple digits earlier, but has since swung into positive territory as surging oil prices boost blue-chip energy stock Chevron (CVX). At last check, December-dated crude futures were up 1.5% at $57.31 per barrel ahead of this afternoon's rig count -- though they're still on track for a six...Read More
The pound plunged against the euro, the dollar, gold and all leading currencies today as Theresa May’s UK government appeared vulnerable to collapsing and political turmoil risked creating a hard Brexit. Gold in GBP (24 Hours)The pound has fallen 2.6% against gold in less than twenty four hours seeing gold rise from £923 to £947 per ounce in sterling terms.The pound slumped the m...Read More
PG&E stock is on the rebound after CPUC commentsPG&E Corporation (NYSE:PCG) stock is on pace to snapa six-day slide to 15-year lows, that as of last night's close, had the equity down 64% from its Nov. 7 close. At last check, PCG was up 40.6% to trade at $25.02, after a California Public Utilities Commission (CPUC) official eased concerns about a PG&E bankruptcy stemming from its role in the deadl...Read More
China has developed tremendously in recent years. But what’s next? Is the country entering the growth recession? And how it will affect the world and the gold market?A New Chapter in ChinaWe have not analyzed the publications of the World Gold Council for a while. Let’s make it up, starting with the newest edition of Gold Investor. The report is about China and its remarkable transform...Read More
B. Riley FBR waxed optimistic on the firm's leukemia drugsThe shares of penny stock Aptose Biosciences Inc (NASDAQ:APTO) are higher today, after B. Riley FBR initiated coverage with a "buy" rating. What's more, the analyst issued a $5 price target -- more than double APTO stock's current price -- and waxed optimistic on the company's "two unique first-in-class" leukemia drugs. As such, Aptose Bios...Read More
Before we look at tonights charts I would like to take a minute to discuss trading the three X leveraged etf’s. Leveraged etf’s aren’t for everyone as they can be very volatile. These instruments are for those that can take a bigger risk and still come out OK when they go against you. For the average investor a 1 X leveraged etf is all they can handle and that should be fine. Whe...Read More
How you can transform lagging indicators into leading indicators.For hundreds of years, since the first stock exchange opened its doors, every trader has been looking for an edge... Some way to predict what will happen next... And hopefully collect a fat "paycheck" at the end of the road.From Bollinger bands to momentum oscillators, technical indicators have been at the forefront of this constant...Read More
Pullbacks to the 320-day have been buy signals in the pastWhile Autodesk, Inc. (NASDAQ:ADSK) hasn't officially set a date to report quarterly earnings, the software concern is expected to unveil its third-quarter figures relatively soon (Thomson Reuters Eikon has a tentative date of Tuesday, Nov. 20). While several Apple suppliers have taken it on the chin in recent weeks, ADSK's recent pullback c...Read More
There were several developments in the gold market last week. First, we heard of another trader who has pleaded guilty to “manipulating” the metals market. And, everyone is up in arms again about how gold was manipulated to drop from $1,921 to $1,040 during 2011-2015.And, yes, they are all again saying “ah ha – you see, we were right.”But, as I have said so many times...Read More
JD shares are hovering above recent lows ahead of earningsChinese e-commerce powerhouse JD.com, Inc. (NASDAQ:JD) has seen its stock price plummet in recent months, even compared to the broad-market struggles. The shares have underperformed the S&P 500 Index by more than 25 percentage points during the past three months, while holding near two-year-low territory under the pressure of their 50-day m...Read More
HD's rough week has it below its year-to-date breakeven levelThe shares of Home Depot Inc (NYSE:HD) are down 0.5% to trade at $176.54 this morning, near the bottom of the Dow, after BofA-Merrill Lynch downgraded the home improvement retailer to "neutral" from "buy" while slashing its price target to $195 from $219. The analyst in coverage sees 2018 as peak earnings growth for HD, and that "the b...Read More