CloseGain/LossGold $1274.90+$8.70Silver$15.23+$0.20XAU70.78+1.15%HUI161.27+0.91%GDM587.25+1.17%JSE Gold1367.40+7.81USD96.53-0.51Euro114.38+0.86Yen90.15+0.11Oil$44.61-$1.6110-Year2.777%+0.007T-Bond144.75UNCHDow23138.82+1.14%Nasdaq6579.49+0.38%S&P2488.83+0.86% The Metals: Gold gained $12.70 to $1278.90 in early afternoon New York trade before it edged back lower into the cl...Read More
By Dave Kranzler"Commentators keep asking why the Fed can't raise rates if the economy is so strong? They still don't realize that the economy was never strong. They confuse a bubble for strength. Without 0% rates and QE the bubble can't survive. But a return to those policies kills the dollar" - Peter Schiff on TwitterI made that same argument about the Fed funds rate, the dollar and why the Fe...Read More
By: Chris Marcus, Arcadia Economics After raising interest rates over the past 2 years, the Federal Reserve last week signaled that it may be about to change course. Which came as no surprise to Peter Spina of GoldSeek.com, who explains why it happened. As well as what the Fed is likely to do next:Peter talked about why higher interest rates are creating issues in the stock, bond, and real es...Read More
By David HaggithSo, the bull market bounced back, right? Not so fast. When one appreciated reader suggested there would be a huge plunge the day after Christmas, given how badly the market plummeted the day before Christmas, I cautioned against that tempting thought. Herein are some warnings about bull traps in a bear market and how they work and how much they look exactly like what we just saw....Read More
Powell noticed some crosscurrents in the path of the US economy. Will it stay on the surface? And is gold a good swimmer? Crosscurrents Cause Fewer Hikes We hope that you enjoyed Christmas. As we promised last week, we will analyze the post-meeting Powell's press conference today. The Fed Chair remained optimistic about the US economy, which "has continued to perform well." However, "some cros...Read More
We are a little over one year since President Donald Trump signed the Tax Cuts and Jobs Act (TCJA), and since then, real estate investors have been rushing to make sense of it all. In what represents the most sweeping U.S. tax reform since the Tax Reform Act of 1986, many of the changes are set to have a significant impact on businesses and individuals alike.The new 20% deduction that's available...Read More
Vancouver, British Columbia (December 27, 2018) - PRIZE MINING CORPORATION ("Prize" or the "Company") (TSXV:PRZ) (OTCQB:PRZFF) (MQSP:GR:FRANKFURT) announces that the Company has appointed Mr. Dallas Pretty, B.Comm., CA to the Company's Board of Directors. The Company is also announcing the resignations of David Schmidt and Robert Archer from the Company's Board of Directors and the resignation...Read More
Amid a rallying stock market, the Trump administration is pondering an executive action to ban US companies from using equipment made by Chinese corporations Huawei and ZTE by invoking the International Emergency Economic Powers Act. Such an action would require him to declare a "national emergency." Is it really that bad? Peter Schiff, CEO of Pacific Capital, joins Steve Malzberg to discuss. Pete...Read More
"Bulls & Bears" panel on how LinkedIn co-founder Reid Hoffman apologized for funding a group that spread disinformation during the 2017 Alabama Senate special election.Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic...Read More
The very fabric of America is under attack-our freedoms, our democracy, and our constitutional rights have become contested terrain. The Epoch Times, a media committed to truthful, responsible Continue...Read More
"Although some members of the Taliban may be weary of fighting and ready to lay down their weapons, they will only rejoin society if they believe their safety and the safety of Continue...Read More
LONDON, 27 December 2018 - UK personal finance magazine What Investment today quotes BullionVault's latest customer survey in a report on the outlook for gold in 2019.Held this month, the survey found that 80% of precious-metal investors believe the gold price will rise in 2019, the magazine reports online."Online bullion dealer BullionVault, which carried out the survey, said investment in gold w...Read More
Stocks turned in their biggest one-day percentage gains since March 2009Fresh off a historically awful Christmas Eve, stocks bounced back in a big way today. The Dow traded on both sides of breakeven early in the session, only to stabilize around midday and ultimately rally over 1,000 points -- its biggest point gain ever -- to snap a four-day losing streak. Investors were encouraged today after K...Read More
All three major US equity indexes gained at least 4% on Wednesday, with the S&P 500 and Dow Jones closing just short of a 5% surge. It's the first time that has happened since 2011, according to Bloomberg.Major mining companies were caught up in the market frenzy on Wednesday with lithium producers and potash miners enjoying some of the heaviest buying.Among fertilizer producers, Israel Chemical l...Read More
The brokerage firm also set lofty price targets on the pairThe shares of Corbus Pharmaceuticals Holdings Inc (NASDAQ:CRBP) are trading up 5.9% at $5.57, after H.C. Wainwright initiated coverage with a "buy" rating and $24 price target -- a more than 356% premium to Monday's close. The analyst in coverage said positive data from lenabasum trials could drive upside in the shares.Analysts are already...Read More
Meanwhile, travel stock NCLH could be headed for lower lowsStocks are rallying today after their Christmas Eve sell-off, with the Dow last seen up almost 600 points. Three stocks in the news today are Elon Musk's Tesla Inc (NASDAQ:TSLA), e-commerce concern JD.com, Inc. (NASDAQ:JD), and leisure name Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH). Here's what's moving shares of TSLA, JD, and NCLH...Read More
Waste giant RSG looks ready to bounce after sending up a reliable buy signalThe shares of waste collection giant Republic Services, Inc. (NYSE:RSG) built on their years-long uptrend in 2018, rising in early December to a fresh record high of $78.54. However, amid the latest bout of broad-market turmoil, RSG found support earlier this week in the same area it did following October's patch of volati...Read More
Gold futures clung to gains Wednesday to end at a six-month high, continuing to find a modicum of haven-related support as the U.S. stock market roared back from a Christmas Eve selloff amid what remains an ugly December for equity markets. Gold for February delivery GCG9, -0.22% on Comex rose $1.20, or 0.1%, to end at $1,273 an ounce, the highest close for a most-active contract since June 20, a...Read More
The struggling stock has been the target of short sellersAuto parts name Aptiv (NYSE:APTV) has been charting a path steadily lower since topping out at a June peak above $103, down almost 40%. The bottom may not be in place yet, though, given the amount of optimism that's currently priced into the underperforming stock. For starters, 16 of 17 analysts covering APTV maintain a "buy" or better rat...Read More
The analyst cited strong growth and M&A potentialThe shares of Roku Inc (NASDAQ:ROKU) are trading up 5.1% today at $28.55, after Needham called the streaming device stock its "Top Pick for 2019." The analyst in coverage cited strong growth potential, and said Roku could be an attractive takeover target.This bullish positioning toward Roku is hardly unusual, with nine of 13 analysts calling the sto...Read More