The ECB lowered its 2019 GDP forecastThe Dow spent the entire session in negative territory, as pre-market optimism over the European Central Bank's (ECB) stimulus announcement was replaced by concern over the central bank's downwardly revised 2019 gross domestic product (GDP) forecast -- exacerbating fear over a slowing global economy. Bank stocks took a notable hit, with big-cap financial shares...Read More
A bullish technical indicator just flashed for the retailer The shares of Dollar Tree, Inc. (NASDAQ:DLTR) jumped over 5% during yesterday's trading, after the discount retailer reported earnings and revenuefourth quarter that exceeded analysts' expectations. The earnings beat had analysts rushing to raise their price targets, including RBC and Credit Suisse. Today, the trend continues, with price-...Read More
LONDON, 6 March 2019 - Wealth Briefing, the magazine site for Europe's private banking and wealth management professionals, today publishes a view from BullionVault's Adrian Ash on how to handle gold bullion bequeathed by a client to their heirs."However hard some commentators might dismiss gold as part of a portfolio," writes Wealth Briefing editor Tom Burroughes, introducing Adrian's article, "i...Read More
LONDON, 25 February 2019 - Comment from BullionVault features today in the latest gold-price update from leading US financial news-site MarketWatch."After falling for the Federal Reserve's line that it would keep raising interest rates in 2019," says BullionVault's Adrian Ash, "the interest-rate market now says it won't even raise once by this time next year."That high level of expectation, says A...Read More
LONDON, 18 February 2019 - BullionVault director of research Adrian Ash today writes exclusively for Multi Asset Review, the monthly magazine for UK financial advisers.Sister title of website Professional Adviser, and targeting 5,000 key staff at the UK's top advisory firms, Multi Asset Review introduces Adrian's article by saying that "The case for an allocation to gold in a multi-asset portfol...Read More
LONDON, 5 February 2019 - With UK households now hoarding physical bank-notes like never before, buying gold through BullionVault is tipped today by personal finance magazine What Investment as a way to look for better returns."Brits hoarded ?711bn cash between 2014 and 2016," says the magazine online, "compared with ?363bn between 2001-2003."Looking at 4 investments "that beat stashing your cas...Read More
LONDON, 25 January 2019 - With gold prices rising 1.8% this week to reach new 10-month highs against the Dollar, comment from BullionVault features tonight at financial ratings and news-site Morningstar.Reposted in a story first appearing on MarketWatch, "Geopolitical risk isn't backing off," says BullionVault director of research Adrian Ash.You can read the full report here:UPDATE: Gold ends shar...Read More
Oppenheimer had high praise for Five Below stockThe Dow is lower again today, heading toward its fourth straight loss. Among stocks making notable moves today, discount retailer Five Below Inc (NASDAQ:FIVE) and soccer franchise Manchester United PLC (NYSE:MANU) are climbing, while pharma company Aptinyx Inc (NASDAQ:APTX) is struggling. Here's a quick look at what's got the shares of FIVE, MANU,...Read More
The blue chip recently pulled back to a historically bullish trendlineAerospace giant Boeing Co (NYSE:BA) has been making big moves on the charts of late, with a bull gap in late January paving the way to the shares' March 1 record high of $446.01. While the stock has since pulled back to a key trendline, data from Schaeffer's Senior Quantitative Analyst Rocky White indicates the next leg of BA's...Read More
By: Ira EpsteinGold - 100 week average (~$1272/3 and rising) possible correction low. Biased down. Oversold.Gold/Silver ratio -- higher it goes, the more silver you load up in your shopping cart:Read More
GoldSeek Radio's Chris Waltzek talks to Dr Steven Leeb http://www.leeb.com/ Read More
By: Rambus I know it may have come as a shock to some of you on why I raised some capital by selling a few PM stocks today. Whenever you see a false breakout of any chart pattern and the price action trades below the bottom rail of the original pattern that can setup a bearish situation. It's like a head fake. The stock forms what looks like a great breakout and maybe even accompanied by a break...Read More
ASIAN METALS MARKET UPDATEMomentum for gold and silver is bearish. I am happy with the correction. There will be good demand in every Asian nation. Buyers and investors will vanish if gold and silver fall next week. European central bank meeting today can affect euro as well as bullion. Lower growth forecast for this year has already been factored in by the markets and such they will not impact....Read More
There will also be earnings to take in from the retail sectorThe main focus of next week's economic calendar will probably be Tuesday's release of the consumer price index (CPI), with the inflation gauge likely sparking speculation about the Fed's next move. On the earnings side of things, Adobe's (ADBE) and Broadcom's (AVGO) releases late in the week could generate the most headlines. Below is a...Read More
The analyst initiated coverage with an "overweight" rating and a $21 price target The shares of Unity Biotechnology, Inc. (NASDAQ:UBX) suffered an 11.2% drop yesterday -- and touched a record low of $9.05 -- after poorly received fourth-quarter earnings. Despite all this, Cantor Fitzgerald last night initiated coverage of UBX with an "overweight" rating and a price target of $21 -- more than dou...Read More
The analyst in coverage also slashed their price target on the stockPivotal Research cut its rating on United Natural Foods Inc (NYSE:UNFI) to "sell" from "hold," and slashed its price target to $8 from $14. This follows the Whole Foods supplier's fiscal second-quarter EBITDA loss -- reported Monday -- which CEO Steven Spinner said was due to "higher than anticipated costs" associated with its Sup...Read More
China's major mills continued to raise their daily output rates for crude steel in mid-February, while their finished steel inventories also rose.Members of the China Iron & Steel Association (Cisa) produced crude steel at an average rate of 1.95 million tonnes per day during the second 10 days of February, up 1.6% from 1.92 million tpd in early February, according to data released by the industry...Read More
Cantor Fitzgerald initiated coverage with an "outperform" ratingThe shares of Chiasma Inc (NASDAQ:CHMA) are modestly higher today, after the pharma stock scored a very bullish brokerage note. Specifically, Cantor Fitzgerald launched coverage of CHMA with an "outperform" rating and $18 price target -- more than three times the equity's current price, and in territory not charted in three years. The...Read More
STM and LRCX just pulled back to trendlines with historically bullish implicationsSeveral chip stocks are lower today, after Japan-based Renesas Electronics issued partial production cuts to counter slowing Chinese demand. Two such names in the red today are STMicroelectronics NV (NYSE:STM) and Lam Research Corporation (NASDAQ:LRCX). However, if history is any guide, both semiconductor stocks co...Read More
The ECB cut its economic growth forecastU.S. markets are being weighed down by a downwardly revised economic growth forecast from the European Central Bank (ECB), which also unveiled a new stimulus plan and said it doesn't expect to hike interest rates until 2020.ECB President Mario Draghi warned of a "period of continued weakness and pervasive uncertainty." As such, the Dow Jones Industrial Avera...Read More