CIEN stock has been moving higher in recent monthsNetworking specialist Ciena Corporation (NYSE:CIEN) seems to be setting up nicely for bulls. The shares just spiked to the upside from a recent consolidation pattern stemming from a December earnings breakout, hinting the stock is prepared for another move higher. With the previously resistant 30-day moving average still playing catch-up, the upsid...Read More
Stocks are continuing their recovery from yesterday's massive sell-off The Dow Jones Industrial Average (DJI) has extended its rebound at the halfway mark, adding over 200 points, as investors attempt to recover from yesterday's steep sell-off. The blue-chip index is getting a boost from Apple, which is surging midday despite news that the coronavirus could slow iPhone production. The S&P 500 Ind...Read More
LONDON, 25 January 2020 - Buying and selling gold on BullionVault costs just one-tenth as much in dealing costs as do gold coins says today's edition of The Times in its personal finance pages.The Times also highlights BullionVault's low storage cost, but columnist Mark Atherton still says he finds gold "an unreliable store of wealth...that does not produce any income, interest or dividends."Times...Read More
XRT is currently trading above all major moving averagesOver the last few weeks in this space, we have taken a hard look at retail giant Walmart (WMT) and the chart levels traders should be watching. This week we're not venturing too far from this, taking a closer look at the retail sector as a whole, since we're not only coming off the holiday season, but some surprising trends in the space have...Read More
LONDON, 23 January 2020 - Comment from BullionVault today leads an article on the impact of Chinese New Year gift-giving on global gold demand from French investment magazine, Capital."Chinese New Year is now the world's single largest gold-buying festival, beating India's Diwali every year since 2012," the magazine quotes BullionVault.You can read the full article, also carried by Yahoo Finance F...Read More
GE's 50-day moving average has emerged as support in 2020Lost in the panic over the spreading coronavirus, there's a full slate of earnings for investors to unpack this week. One notable name on deck is former blue chip General Electric Company (NYSE:GE), which is set to report fourth-quarter earnings before the open tomorrow, Jan. 29. Ahead of the event, we broke down recent options activity sur...Read More
Both stocks have been strong in recent monthsTwo names enjoying bullish attention this morning are video game stocks Activision Blizzard, Inc. (NASDAQ:ATVI) and Electronic Arts Inc (NASDAQ:EA). Both saw their price targets raised at Piper Sandler, helping lift ATVI and EA shares this morning.Call of Duty maker ATVI's price target was increased to $69 from $62, pricing in more than 17% upside from...Read More
LONDON, 12 January 2020 - BullionVault is named today as a low-cost way to invest in physical gold by The Sunday Times, the UK's best-selling quality weekend paper.Reporting on a "sale" of coins and bars announced by the Royal Mint, "its retail prices remain higher than at competitor BullionVault, where gold currently trades at ?1192 per ounce," says award-winning columnist - and former editor of...Read More
DLPH is on track for its best day everAt the top of the New York Stock Exchange this morning is Delphi Technologies PLC (NYSE:DLPH), up a whopping 63.3% to trade at $16, on track for its best day ever by a wide margin. This comes after the U.K.-based auto parts manufacturer was bought out by rival U.S. auto parts maker BorgWarner (BWA) in an all-stock deal valued at $3.3 billion in enterprise valu...Read More
Muilenburg resigned from Caterpillar's board after he was fired from BoeingDow component Caterpillar Inc. (NYSE:CAT) is getting a boost just ahead of the company's fourth-quarter earnings report, due out before the open this Friday, Jan. 31. CAT stock is up 0.2% to trade at $136.05, following news former Boeing (BA) CEO Dennis Muilenburg will step down from Caterpillar's board, effective immediate...Read More
There are a number of earnings and economic updates to monitor todayU.S. stocks look ready to recover some losses from Monday's session, in which they suffered their worst pullback in months. Futures on the Dow Jones Industrial Average (DJI) are trading 100 points above fair value, as the attention shifts back to earnings, with results from blue chips 3M (MMM), Pfizer (PFE), and United Technologie...Read More
Stewart Thomson, Graceland Updates 1. The question most gold bugs are probably asking themselves right now is this: How high must gold bullion go before the gold stock ETFs stage their own key breakouts and rally alongside gold?2. The answer, quite simply, is: Higher than the price is today. Disappointment and surprise are part of investing. 3. So is diversification, a...Read More
By: Ira EpsteinGold in a saucer-pattern. Swing-lines, bias is up as price remains above the 18-dma. Read More
Gold and silver fell yesterday (from the day's high) after USA opened as traders booked profit on long positions. Traders have started ignoring the corona virus and started focusing on other economic issues and political issues. FOMC meet tomorrow can have surprises in light of Chinese corona virus. Corona virus can have a very big impact on Chinese consumer spending in February. Industrial meta...Read More
WSM has been on a tear, adding 38% over the past 12 monthsHome retailer Williams-Sonoma, Inc. (NYSE:WSM) is enjoying a 1.3% lift this morning, last seen trading at $74.31 following an early-morning upgrade out of Oppenheimer. The analyst raised its rating to "outperform" from "perform," and established a price target of $90. This new outlook comes in 23% above WSM's Monday night close at $73.45....Read More
LONDON, 23 December 2019 - BullionVault's mobile app is named today as a great place to check the price of gold by UK personal finance magazine What Investment.You can read their full report, looking at the pro's and con's of ETF products, here:Exchange Traded Commodities: a passive path to invest along Read More
A strong rise in Chinese steel production led the way to a 3.4% year-on-year increase in global crude steel output in 2019, according to the World Steel Association (Worldsteel).A total of 1.87 billion tonnes of crude steel were produced last year, compared with 1.81 billion tonnes a year earlier, Worldsteel said.Steel production in China continued to rocket upward, with steelmakers in the country...Read More
A summary of the financial results for Swedish steelmaker SSAB for the fourth quarter and full year of its financial year in 2019. In brief Earnings drop on planned maintenance, lower shipments and strikes as well as weaker demand and pressured steel prices.SSAB GroupFourth-quarter 2019 results Loss before interest and taxes1.31 billion Swedish krona ($117.4 million), down from earnings befor...Read More
Saturday marked the Chinese Lunar New Year, a time when as many as 400 million people ordinarily travel to visit family and go on vacation. Before the coronavirus struck, 3 billion trips were estimated to take place during the 16-day celebration, while some 79 million passengers were expected to take flights, up more than 8 percent from 73 million a year earlier. The new Daxing International Air...Read More
Stewart Thomson, Graceland Updates 1. The question most gold bugs are probably asking themselves right now is this: How high must gold bullion go before the gold stock ETFs stage their own key breakouts and rally alongside gold?2. The answer, quite simply, is: Higher than the price is today. Disappointment and surprise are part of investing. 3. So is diversification, a...Read More