Martin LovePosted Nov 13, 2018An Iranian friend, a photographer known internationally for fine documentary work, asked plaintively last week when the U.S. might stop trying to sink Iran and Iranians. I had no ready answer, but the question was painful to hear because I could also hear concern, grief and empathy for others.No question the re-imposition of extreme sanctions is damaging, particularly...Read More
The brokerage firm said "compelling" evidence is needed to convince investorsIt's a volatile day on Wall Street, with the Dow exploring a 466-point trading range on both sides of breakeven so far. Among individual stocks making big moves are racino operator Empire Resorts Inc (NASDAQ:NYNY), utility name PG&E Corporation (NYSE:PCG), and cancer immunotherapies specialist Jounce Therapeutics Inc (NAS...Read More
Special steelmaker Voestalpine attributed an 11% fall in its earnings for the first half of 2018 to continuing global trade conflicts, it said late last week.The Austrian company reported a decline of 11.2% in earnings before interest, taxes, depreciation and amortization (Ebitda) over April-September 2018, the first half of its financial year, to ?,?860 million ($969 million). This compared with...Read More
– Investors in Ireland, the UK and internationally can for the first-time own gold in a secure and liquid way in accredited, professionally managed, fully insured, institutional grade vaults – Secure gold investment in Ireland for first time as global risks intensify and Dublin will compete with London as a favoured gold storage location– Brexit will lik...Read More
History suggests both stocks could revisit record highs next weekEarlier this week, Goldman Sachs chimed in on airline stocks and the its top picks throughout the sector. Two names on the list were United Continental Holdings Inc (NASDAQ:UAL) and Delta Air Lines, Inc. (NYSE:DAL), which are also flashing bullish signals ahead of Thanksgiving week. United Continental Has Plenty of Room on the Runw...Read More
CloseGain/LossGold $1211.90+$10.20Silver$14.15+$0.16XAU63.53+2.74%HUI143.45+3.61%GDM522.86+1.78%JSE Gold1080.74-2.00USD96.92-0.27Euro113.20+0.31Yen88.15+0.29Oil$56.25+$0.5610-Year3.122%-0.018T-Bond138.96875+0.375Dow25080.50-0.81%Nasdaq7136.39-0.90%S&P2701.58-0.76% The Metals: Gold traded mostly higher in Asia before it dropped back to $1197.80 in London, but it then shot...Read More
Crude oil can rise anytime. Momentum can reverse on value-based buying. I am satisfied with the gold price performance yesterday. It did not nosedive. If gold and silver do not fall today, then there will be short covering and a rise. Any reconciliation between China-USA on the trade war issue will be bullish for copper and industrial metals. Right now everything is mere speculation. Next week...Read More
KEYS could move after earnings next weekKeysight Technologies Inc (NYSE:KEYS) is scheduled to report earnings after the close on Tuesday, Nov. 20. Below, we will take a look at how KEYS has been fairing on the charts, and see why now may be a good time to bet on the tech name's next leg higher, if history is any indicator. KEYS is up 0.1% at $57.85 in afternoon trading. The stock has been stai...Read More
When will people wake up to the fact that investing in gold mining shares is not a good idea?What are the experts seeing and thinking when they talk about the “positive outlook for mining shares”? For the life of me, I just don’t get it.And, as far as gold stocks outperforming gold, well, just forget about it. Below is a chart depicting the XAU-to-gold ratio over the...Read More
Bernstein pegged "troubling" trends at Pinnacle FoodsBernstein downgraded Conagra Brands Inc (NYSE:CAG) to "underperform" from "market perform," saying growth in frozen entrees "seems to be running out of steam." The brokerage firm also cited "troubling" trends at Pinnacle Foods, which Conagra bought earlier this year. In reaction, CAG stock is down 6.8% at $32.72 -- earlier hitting a new annual l...Read More
Goldand silver investors got a rare bit of good news on the enforcement front lastweek.Atrader from JPMorgan Chase pled guilty to rigging the preciousmetals futures markets.JohnEdmonds admitted to cheating the bank’s clients and plenty of other peoplenaive enough to expect fair treatment on the COMEX and other exchanges. Whilethis is by no means the first time a banker has been caught cheati...Read More
Snapchat's parent company is struggling after DOJ and SEC subpoenasSnap Inc (NYSE:SNAP) continues to struggle after its Oct. 26 all-time low of $5.77, and is headed for another day of losses. The stock is down 1.9% to trade at $6.58 at last check, with SNAP pacing for another close beneath resistance at its 20-day moving average. This comes after the Snapchat parent announced, late Tuesday, that...Read More
Oil, on the other hand, is headed for its first win in more than two weeksThe Dow Jones Industrial Average (DJI) was up more than 200 points earlier after this morning's latest inflation update. However, the blue-chip index has since swung into the red at midday, pressured by sharp losses for Apple (AAPL) following a fresh downgrade for the FAANG stock. The S&P 500 Index (SPX) and Nasdaq Composite...Read More
Evidence of a looming financial crisis may be growing, according to Harry Dent.The man who warned of the 2001 tech crash, the 2008 subprime financial disaster and China's recent stock market decline - years before they happened - has issued a new earth-shattering statement:"The Dow is set to embark on a catastrophic plunge...all the way down to 6,000."Harry Dent recently explained: "Nations are...Read More
The stock tends to outperform the week of Black FridayKohl's Corporation (NYSE:KSS) stock is slightly lower today. However, the retail stock could rally to new heights in the short term, if recent history is any indicator. Specifically, KSS has been one of the best stocks to own during Thanksgiving week, looking back 10 years, and next week's earnings release could be the catalyst to send the equi...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
Primary aluminium stocks at the three main Japanese ports (MJP) of Osaka, Nagoya and Yokohama slipped 1% month on month in October, according to the latest data from major Japanese trading house Marubeni Corp. The data, which was published on Wednesday November 14, also shows that total aluminium stocks at the three ports came to 317,300 tonnes at the end of last month. On a y...Read More
This free e-book offers options basics for any trader.It's essential for every trader to occasionally take a step back, and consider their long-term trading goals.Some traders aretrying to fund a child's college education, augment their own retirement, or leave the daily 9-to-5 grind once and for all, while others are seeking a way to smooth out crazy market volatility and whipsaw swings in their...Read More
Domestic prices for hot-rolled coil (HRC) are down over the past week in Southern Europe, sources told Fastmarkets on Wednesday November 14.The decrease was the result of slow trading and competitive import offers from Turkey, market participants said.Southern EuropeFastmarkets' domestic price assessment for HRC in Southern Europe was ?,?480-525 ($540-591) per tonne ex-works on November 14, down f...Read More
Kellogg updated investors on its turnaround plans yesterdayCereal maker Kellogg Company (NYSE:K) is moving lower in early trading, as analysts react to the company's underwhelming plans for aturnaround, which were announced yesterday at its investor conference. Among the specifics, Kellogg is selling its Keebler bakery brands and cookie business, and said it'll continue to be active in M&A. In re...Read More