Half the US States and countries like Italy and Germany are gradually easing lockdowns. Taking measured steps, the moves are broadly cheered. Rightfully so? And what does the reopening mean for the gold market?Epidemics: Bad, Good, and UglyBy May 6, 2020, more than total 3.6 million of confirmed cases have been reported in the world and more than 250,000 have already died from the COVID-19. In the...Read More
The stock market has had a great run duringthe last decade. It has made some people a good stack of money.However, the March crash has many wonderingwhat it will do next. Will it continue to crash, or will it continue the bullmarket?Is it really worth spending time and effortcontemplating its next move? I think not.The market is currently presenting a greatopportunity to lock in those stock market...Read More
Half the US States and countries like Italy and Germany are gradually easing lockdowns. Taking measured steps, the moves are broadly cheered. Rightfully so? And what does the reopening mean for the gold market?Epidemics: Bad, Good, and UglyBy May 6, 2020, more than total 3.6 million of confirmed cases have been reported in the world and more than 250,000 have already died from the COVID-19. In the...Read More
The stock market has had a great run duringthe last decade. It has made some people a good stack of money.However, the March crash has many wonderingwhat it will do next. Will it continue to crash, or will it continue the bullmarket?Is it really worth spending time and effortcontemplating its next move? I think not.The market is currently presenting a greatopportunity to lock in those stock market...Read More
Half the US States and countries like Italy and Germany are gradually easing lockdowns. Taking measured steps, the moves are broadly cheered. Rightfully so? And what does the reopening mean for the gold market?Epidemics: Bad, Good, and UglyBy May 6, 2020, more than total 3.6 million of confirmed cases have been reported in the world and more than 250,000 have already died from the COVID-19. In the...Read More
The stock market has had a great run duringthe last decade. It has made some people a good stack of money.However, the March crash has many wonderingwhat it will do next. Will it continue to crash, or will it continue the bullmarket?Is it really worth spending time and effortcontemplating its next move? I think not.The market is currently presenting a greatopportunity to lock in those stock market...Read More
Half the US States and countries like Italy and Germany are gradually easing lockdowns. Taking measured steps, the moves are broadly cheered. Rightfully so? And what does the reopening mean for the gold market?Epidemics: Bad, Good, and UglyBy May 6, 2020, more than total 3.6 million of confirmed cases have been reported in the world and more than 250,000 have already died from the COVID-19. In the...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort275,57125,56740,010120,045401,681435,626467,258Change from Prior Reporting Period -11,811914-4,4385,143-6,850-11,106-10,374Traders20350785858292158 Small Speculators (C) GoldSeek.com LongShortOpen Interest 54,71723,085490,343 633-99-10,473 non reportable positionsChange from t...Read More
By: Gary SavageThe markets discount results ahead of time. S&P technical set-up. Gold has a pattern in play seen before since the start of this latest bull market...https://blog.smartmoneytrackerpremium.com/Read More
By: Ira EpsteinBig breakout day for gold and silver! Expecting 16% unemployment rate for tomorrow, but that will be the big price driver. It will be released on Friday at 8:30 Eastern time:Read More
Trade war, US unemployment, and even rise in US stock market are the reason for gold price to rise. Profit in stock trading is invested in gold. Lack of stock market margin pressure has resulted in more long positions in gold, silver, crude oil and copper. Liquidity is abundant. There is free money and lack of investment avenues. Businesses with cash are just using to trade and invest in stocks...Read More
Investors cheered reopening announcements and brushed off better-than-expected jobs dataIt was another day of massive gains for the major indexes today, with the Dow snatching up a roughly 455 point win, as investors wax optimistic that the worst of the coronavirus crash is in the rear view. This sentiment managed to plow right over another devastating round of employment data. Reopening announce...Read More
The Nasdaq reclaimed its year-to-date breakeven earlier this weekIn what's become the new normal, it was a hectic week on Wall Street. The Dow Jones Industrial Average (DJI), the S&P 500 Index (SPX) and the Nasdaq Composite (IXIC) are all cruising toward sizable weekly wins, but not without some drama. Lockdown leniency gave stocks an early-week boost, but dismal unemployment numbers kept gains i...Read More
Coty will step into the earnings confessional before the market opens on MondayThe shares of cosmetics concern Coty Inc (NYSE:COTY) are up 4.3% today, last seen trading at $5.14, ahead of the company's first-quarter earnings report,due out before the open on Monday, May 11. Below, we'll take a more in depth look at the company's earnings history, and why it's all up in the air for COTY.On the ch...Read More
ZG announced better-than-expected earnings and revenueThe shares of Zillow Group Inc (NASDAQ:ZG) are soaring today, up 15.8% to trade at $55.79, after the real estate service announced a better-than-expected first-quarter report. Following the news, no fewer than six analysts raised their price targets, the highest coming from Benchmark to $63. Looking ahead, the company plans to utilize technolog...Read More
The Dow is up over 365 points middayThe Dow Jones Industrial Average (DJI) is up over 365 points midday, as hopes of the economy reopening and upbeat U.S.-China trade buzz ward off dismal economic data. The Nasdaq Composite (IXIC) and S&P 500 Index (SPX) are also in the black, shaking off the 20.5 million jobs lost in April due to COVID-19 -- the highest rise in unemployment since post-World War...Read More
BKNG reported lower-than-expected profitsThe shares of Booking Holdings Inc (NASDAQ:BKNG) are down 2.7% to trade at $1,405.41 after the company reported a lower-than-expected first-quarter profit, citing the rapid decrease in domestic travel. However, the company did announce higher-than-expected revenue. Following the report, no fewer than three price-target raises have surfaced, including one fr...Read More
Ford announced plans to restart production and operation in North American this monthThe shares of Ford Motor Company (NYSE:F) are up 2.6% to trade at$5 this morning, after the automaker announced plans to start phasing in production and operations in North America, beginning May 18. Ford said it would bring back some employees whose jobs cannot be done remotely on that date, while staggering th...Read More
General Motors is eyeing its fourth straight winThe shares of General Motors Company (NYSE:GM) have been in rally mode this week, helped along by a well-received quarterly earnings report on Wednesday, and with the carmaker back in the spotlight today, it looks like GM isn't slowing down. The stock is up 2% at $22.89, after the firm priced a new debt offering totaling $4 billion. This offering con...Read More
U.S.-China trade rhetoric could be propping up Wall StreetDow Jones Industrial Average (DJI) futures are looking to close the week out on a positive note. Wall Street is so far brushing off the Labor Department's non-farms payroll report that showed 20.5 million jobs were lost in April due to the COVID-19 pandemic -- sending the unemployment rate to 14.7% -- its highest spike in the post-World W...Read More