All three indexes started the session in positive territoryThe Dow Jones Industrial Average (DJI) jumped nearly 200 points at the open on trade optimism and a strong October jobs report. However, the White House's denial that a U.S.-China trade deal is in the works and a sharp post-earnings sell-off for Apple (AAPL) stock has pulled the Dow into negative territory, with the S&P 500 Index (SPX) an...Read More
CloseGain/LossOn WeekGold $1233.10-$0.10-0.07%Silver$14.75+$0.01+0.34%XAU67.19UNCH+3.10%HUI149.44-0.20%+3.31%GDM546.24+0.37%+2.92%JSE Gold1133.17-6.35-6.63%USD96.45+0.18+0.10%Euro113.95-0.16-0.22%Yen88.41-0.46-1.13%Oil$63.14-$0.55-4.03%10-Year3.215%+0.076+4.42%Bond137.15625-1.28125-1.59%Dow25270.83-0.43%+2.36%Nasdaq7356.99-1.04%+2.65%S&P2723.06-0.63%+2.42% The Metals: Gol...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort168,754155,56091,460165,857197,062426,071444,082Change from Prior Reporting Period -23,824-7,63017,5102,443-12,872-3,871-2,992Traders17593885651274194 Small Speculators (C) GoldSeek.com LongShortOpen Interest 48,87030,859474,941 980101-2,891 non reportable positionsChange fr...Read More
After a volatile month, which is being called "Red October," our latest video update was released and we considered the sharp fall in stock markets globally, falling property markets in the UK and Australia and gold's safe haven gains in all currencies.Gold acted as a hedge in all currencies in October, rising 1.7% in dollars, 4.4% in euro terms and 4.2% in sterling terms. Bitcoin and other c...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
Both stocks are pacing for a fourth straight winWe're regularly checking in on historical seasonality trends, offering insights on the best stocks to target in each month. For November, bullish traders may want to consider defense stocks Raytheon Company (NYSE:RTN) and TransDigm Group Incorporated (NYSE:TDG), since data shows that shares of RTN and TDG both tend to succeed during the month. For ex...Read More
Trump is going to influence the US monetary policy or even to destroy the Fed’s independence. This is what many analysts say after the recent President’s comments. But are they right? We invite you to read our careful examination of Trump’s remarks about the Fed’s policy and find out what does it imply for the independence of the US central bank and the gold market. Trump...Read More
"When you look at our financial performance in recent years, take the last three years for example, the number of units sold during any quarter has not been necessarily Continue...Read More
On Thursday, Mr. Draghi held a press conference. But the real thunderbolt hit on Monday, when Ms. Merkel announced that she would step down this year as a leader of her conservative party. Will that lighting make gold shine?Draghi Says That We Shouldn’t WorryLet’s start with the latest ECB’s monetary policy statement and the following Draghi’s press conference. In short, th...Read More
Analysts are taking a hatchet to their price targetsWhile Apple (AAPL)earnings are dominating headlines today, a handful of biotech stocks are also swimming in red ink. In fact, Puma Biotechnology Inc (NASDAQ:PBYI) has surrenderedhalf its value today, and PBYI is so far the worst stock on the Nasdaq by a landslide.PBYI is down 50% to trade at $19.30, set for its worst day ever by far. The shares e...Read More
Last month in this space, I penned an essay titled "Are Silver and Gold 'at the Flood'"?. A few weeks later, two other essays on another widely-read site discussed this topic from the same perspective and sourcing – a case of "great minds thinking along similar lines"?Please take time to read or review that Money Metals Exchange Post of August 28.I made the case of a misalignment in the prec...Read More
Learn how to protect savings and maximize returns by investing in precious metals.The U.S. Gold Bureau would like to announce the newest edition of its guide to precious metals, perfect for anyone hoping to safeguard their investments and retirement!And today, they are giving away a free copy of their Investor's Guide to Precious Metals!Their goal is to help regular investors learn the "pro" secr...Read More
The latest metal markets news and price moves to start the North American day on Friday November 2. Base metals prices on the London Metal Exchange were all higher during morning trading on Friday November 2, after the largest single-day inflow in LME copper stocks since February 2004.The three-month copper price climbed more than 1.5% to more than $6,200 per tonne after around 47,700 to...Read More
GM has broken past a key trendlineFresh off an earnings victory earlier this week, the shares of General Motors Company (NYSE:GM) are up 1.1% to trade at $36.87 this morning, despite reports of the auto giant halting two renovation projects in Detroit, citing "structural costs are not aligned with the market realities." General Motors stock gapped higher on Wednesday in the wake of its blowout...Read More
The shares have been bouncing from a key technical level in recent weeksCiti Research upgraded Wells Fargo & Co (NYSE:WFC) to "buy" from "neutral," saying the bank's potential to return to revenue growth next year could prove "issues are moving to [the] rear view mirror." The brokerage firm maintained its $60 price target on WFC, a 12% premium to last night's close at $53.56.In reaction, WFC is up...Read More
Earnings beats don't seem to be enough for SHAK and LOCO tradersThe shares of restaurant stocks Shake Shack Inc (NYSE:SHAK) and El Pollo LoCo Holdings, Inc. (NASDAQ:LOCO) are trading sharply lower in premarket action. Both companies presented quarterly results last evening, and clearly Wall Street is disappointed in what it saw. We'll take a closer look at SHAK and LOCO below. Same-Store Sales Sin...Read More
ArcelorMittal received a binding offer from international metals group Liberty House for the sale of finishing lines in Dudelange, Luxembourg, and Li??ge, Belgium, ArcelorMittal said on Friday November 2.The Dudelange site has capacity of 970,000 tonnes per year of hot-dipped galvanized flat steel products, according to Fastmarkets' company database.The finishing operations at ArcelorMittal Li??ge...Read More
The DJI is fending off a sharp post-earnings drop from Apple (AAPL)Futures on the Dow Jones Industrial Average (DJI) are rising once more, trading more than 200 points above fair value, thanks to a strong monthly nonfarm payrolls report. The data indicated the U.S. gained 250,000 jobs in October, beating economists' forecast of 190,000. The blue-chip index is heading toward its fourth straight win...Read More
The world's fastest-growing vertically integrated global cannabis company could net investors a huge return in the months to come.The worldwide trend toward marijuana legalization has triggered a wave of growth opportunities for investors around the globe.Beyond the explosive Canadian market - this diversified cannabis operator maintains production, processing, and distribution facilities worldwid...Read More
CloseGain/LossOn WeekGold $1233.10-$0.10-0.07%Silver$14.75+$0.01+0.34%XAU67.19UNCH+3.10%HUI149.44-0.20%+3.31%GDM546.24+0.37%+2.92%JSE Gold1133.17-6.35-6.63%USD96.45+0.18+0.10%Euro113.95-0.16-0.22%Yen88.41-0.46-1.13%Oil$63.14-$0.55-4.03%10-Year3.215%+0.076+4.42%Bond137.15625-1.28125-1.59%Dow25270.83-0.43%+2.36%Nasdaq7356.99-1.04%+2.65%S&P2723.06-0.63%+2.42% The Metals: Gol...Read More