DaBoyz more than held their own Wednesday, keeping the Dow airborne for six hours even though buying interest was practically nil. This is an achievement of sorts, and it suggests that although upside potential will be limited to whatever the stock market's masters can milk from daily mood swings, there would appear to be little enthusiasm for a hard selloff at the moment. In such circumstances,...Read More
Is there a more attractive stock to buy right now than China Mobile (CHL)?If there is I’d love to hear about it... seriously!I first wrote about how attractive I thought shares of China Mobile were at the start of October.Since then, the stock has outperformed the S&P 500 by more than 13 percent.But I still think it is a table-pounding buy!Let me lay out my investment case today for Chin...Read More
Frank says, "Gold has been so resilient all year especially when you look at real interest rates." Due to negative interest rates in other countries, the dollar has held up reasonably well. When they talk about rates peaking gold will hit $1500 in the blink of an eye. The supply of gold is shrinking, and the costs are getting more expensive which is settings us up for a beautiful gold cycle. Gold...Read More
I would never have thought this many major cities would have 11%-plus mortgages underwater... especially not at the top of a second real estate bubble.Continue...Read More
Jason talks about how the IMF just downgraded their global economic growth forecast again. This is now twice in the last 3 months. Also, Jason talks about how the Chinese economic data that the CCP is releasing is the worst in 30 years.Read More
A rare, predatory and invasive species is on the loose...This fi-fo-fum presently besieges a small village high in the Alps of Switzerland.But it has designs on the world.It is a Rolexed, Gucci-ed homunculus anthropologists call Homo Davos - Davos Man.Each year he descends upon the Swiss resort. There he lives a gorgeous week in the company of his fellows.Why Davos?No coincidence, we hazard, that...Read More
- David Attenborough warns Davos summit - 'The Garden of Eden is no more'- "If we wreck the natural world, we wreck ourselves" warns Attenborough- If we destroy our environment, it will badly impact our economies and markets- We must put the environment at the heart of our financial and monetary systems- "Future proof" our economies, our currencies, our finances & our pensions with gold- Hop...Read More
Gold and silver are steady. Trump's top economic advisor is looking for commitments from China for a trade deal. Uncertainties over a trade deal will prevent gold from a big sell off. Right now the trend in gold is neutral. Silver needs to trade over $1500 to be in a bullish zone. Day traders are on the sidelines. Long term investors are using sharp dips to invest in gold. Some large fund manage...Read More
A few simple tools can help anyone make smarter trades.It used to take years of practice and hours of research to consistently make winning trades in the stock market, but nowadaysfinding profitable trades shouldn't have to be a full-time job. In fact, trading like a pro can really be as easy as 1-2-3, with the right tools and technology!According to one company, there's a simple recipe that can...Read More
Bob Pisani| @BobPisaniPublished 7 Hours AgoUpdated7 Hours AgoCNBC.com [The stream is slated to start at 1:00 PM ET. Please refresh the page if you do not see a player above at that time.]Host Bob Pisani and guests Tim Seymour of Seymour Asset Management and Andrew McOrmond of WallachBeth discuss the best way to get in the global rally and whether a bitcoin ETF is off the table.CNBC's ETF Edge is...Read More
An easing U.S. dollar buoyed on gold pricesThe Dow jumped nearly 300 points in early trading on a round of positive big-cap earnings reactions. By midday, though, the blue-chip index was in the red, with Reuters pointing to a warning from White House economic advisor Kevin Hassett that first-quarter gross domestic product (GDP) could be flat if the government shutdown extends through the end of Ma...Read More
Latest IMF global growth forecast strengthens gold's safety demand.China's slowing growth rate also bodes well for gold's fear component.Rising ETF demand is also supportive of gold's intermediate-term trend.Just when it looked like gold's "fear factor" might be fading, worries over the strength of the global economy have come to the rescue. In today's report, we'll examine the dev...Read More
White House economic advisor Kevin Hassett says U.S. GDP growth in the first quarter could be zero due to the government shutdown.In recent decades, GDP growth in the first quarter has been notably weaker than growth in other quarters.The federal government shutdown is in its 33rd day, with little sign of relief for the roughly 800,000 federal workers going without pay.Thomas Franck| @tomwfranckPu...Read More
Today's huge trade could be a hedge It's turning out to be a down day for drug stocks, as the SPDR S&P Biotech ETF (XBI) trades down 1.8% at $79.43. In the meantime, one options trader is putting their money behind a three-way bearish trade, initiating a put spread with 10,000 contracts of the March 69 and 81 puts, while selling 5,000 at the March 85 call to help fund their endeavor. The put sprea...Read More
A simple way to stop picking losers, and start cashing in like Wall Street's elite.Most traders would never believe that 9 out of 10 trades could be winners.But while it may sound impossible, thanks to a research breakthrough, it may not be as far-fetched as many think.JPMorgan's trading desk produced a 99.52% win rate from 2013 through 2017. That includes 2 straight years without a losing day....Read More
Aerial view of the Cariboo gold project near Wells, B.C. (Image: Barkerville Gold Mines)Barkerville Gold Mines of Toronto continues to intercept very good grades at its Cow Mountain site, part of its Cariboo gold project. The results come from holes drilled last year to upgrade and expand resources.The company seems to have no problem drilling bonanza grades, such as 12.26 g/t gold over 7.6 meters...Read More
Amazon.com is considering offering lower delivery feesStocks are mixedtoday, as traders weigh strong blue-chip earnings against lingering concerns about theglobal economy. Among those struggling are electric car name Tesla Inc (NASDAQ:TSLA) and logistics stock United Parcel Service, Inc. (NYSE:UPS), while cybersecurity specialist FireEye Inc (NASDAQ:FEYE) is higher. Below, we'll take a look at w...Read More
Gold prices ended slightly higher on Wednesday as weakness in the leading dollar index offered support, but some strength in U.S. equities kept a lid on gains for the precious metal. A mixed picture on the economic outlook and major global issues, including trade and Brexit uncertainty, has also contributed to recent gains for the haven metal. Gold for February delivery on Comex GCG9, -0.10% rose...Read More
Gold prices ended slightly higher on Wednesday as weakness in the leading dollar index offered support, but some strength in U.S. equities kept a lid on gains for the precious metal. A mixed picture on the economic outlook and major global issues, including trade and Brexit uncertainty, has also contributed to recent gains for the haven metal. Gold for February delivery on Comex GCG9, +0.09% rose...Read More
• Gold met with some aggressive selling in the last hour and has now eroded a major part of the previous session's goodish bounce from closer to over two-week lows. • The intraday uptick failed to sustain above 100-hour SMA and quickly ran out of steam near an important horizontal support break-point now turned resistance. &bul...Read More