Dec 13, 2018 Guest(s): Phillip Streible Senior Market Strategist, RJO Futures With fears of more volatility in stock markets ahead, investors could do well holding gold, which is still the reliable safe haven asset, said Phil Streible, senior market strategist at RJO Futures. "Even if you look at bonds and interest rates, the volatility has been quite high in there. We've seen bonds tick up thre...Read More
The gilets jaunes, or "yellow vests" protests, emerged seemingly out of nowhere about a month ago and have in a few short weeks shaken the French political power Continue...Read More
?EUR<"We have - we undertook a very thorough investigation, and, in 2016, we now know that there were two main ad accounts linked to Russia which advertised on Google for about $4,700 in advertising," Continue...Read More
Tonight I would like to show you some charts from the PM complex we haven’t looked at in a long time. Some of these charts will look familiar to some of our long term members as they were very helpful in the past to help us figure out what the PM complex was up to. This first chart is a ratio combo chart which has the GOLD:XAU on top and the XAU on the bottom. When the ratio is rising gold i...Read More
The precious metals sector has just one standoutperformer this year, and that is palladium. Lately the market for that metalhas gotten more than just hot. Developments there could have implications forthe LBMA and the rickety fractional reserve system of inventory underpinning allof the physical precious metals markets. Craig Hemke of the TF Metals Report was MoneyMetals’ podcast guest this...Read More
Just about seven days ago we alerted all of our followers to a massive breakdown move that was about to unfold in Natural Gas. At that time, we predicted the price of Natural Gas would break below $4.30 and fall quickly towards the $3.00~3.20 level. Taking a look at that call now, with the price below $3.60, it seems our analysis was perfectly timed. This Daily Natural Gas chart highlighting...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort173,019124,01852,329135,067193,316360,415369,663Change from Prior Reporting Period 16,240-30,890-13,215-37,2914,858-34,266-39,247Traders17075725050248174 Small Speculators (C) GoldSeek.com LongShortOpen Interest 39,50430,256399,919 -8,616-3,635-42,882 non reportable positionsC...Read More
CloseGain/LossOn WeekGold$1248.40+$10.10+2.19%Silver$14.63+$0.25+3.25%XAU67.94+2.40%+5.40%HUI153.93+2.58%+6.13%GDM560.05+2.34%+5.32%JSE Gold1201.13-0.09+9.31%USD96.60-0.14-0.61%Euro114.10+0.24+0.80%Yen88.80+0.01+0.67%Oil$52.61+$1.12+3.30%10-Year2.856%-0.031-4.86%Bond143.90625+0.34375+2.27%Dow24388.95-2.24%-4.50%Nasdaq6969.25-3.05%-4.93%S&P2633.08-2.33%-4.60%Weekly Performance (Source: GoldSeek...Read More
Pan Global Resources (TSXV: PGZ) was granted a mineral exploration permit on the Escacena gold / copper / zinc prospect in the Iberian Pyrite Belt in southern Spain. In a press release, the Vancouver-based miner said the Escacena Investigation Permit was granted and a formal notice was received by current owner EVALAM 2003 SL. Yet, Pan Global has a binding Letter of Intent with EVALAM, providing t...Read More
Commodities and base metal prices are weighed in a risk-off environment considering global trade relations, Huawei's CFO still in custody and with the news that the highly anticipated Brexit vote could be delayed, thereby prolonging a period of uncertainty. Gold en-route towards the 200-D SMA up at $1,256.90. The latest data in the Chinese commodity trade print has offered a sign that the fr...Read More
Early investors stand to reap the rewards as a new technology looks to change everything.One research firm - which recommended Google and Amazon before they became household names - has built a worldwide reputation of identifying profitable tech trends well before Wall Street and the talking heads on T.V.And just recently, they've uncovered a technology that's already being labeled "humanity's las...Read More
A turnaround in tech stocks helped the major indexes recoverIt was a volatile day on Wall Street, with the Dow and S&P 500 ultimately finishing in the black, and snapping their three-day losing streak. The blue-chip index was down 507 points at its session lows, and briefly breached the 24,000 level, but erased those steep losses in afternoon trading. Rebounding tech and FAANG stocks also helped p...Read More
Currency markets were shaken by more Brexit drama on Monday, after a highly anticipated vote on Prime Minister Theresa May's deal on the U.K.'s exit from the European Union was postponed. The British pound GBPUSD, +0.1201% slid Monday morning and touched a 20-month low after May scrapped the Brexit vote scheduled for Tuesday. The prime minister also said that a deal that didn't include the contro...Read More
GoPro will pull Chinese production on U.S.-bound cameras next yearShares of GoPro Inc (NASDAQ:GPRO) traded mostly lower today, on news the company will be pulling production on cameras shipped to the U.S. out of China. Despite the 90-day trade truce between China and the U.S., the camera manufacturer has previously noted plans to be proactive amid increasing tariff concerns. At last check, GPRO s...Read More
Analysts are saying to drop these stocksThe U.S. stock market has muscled its way back near breakeven, thanks to a rebound in tech shares. Three names in particular traders should monitor today are drugmaker MacroGenics Inc (NASDAQ:MGNX), boat maker Marine Products Corp. (NYSE:MPX), and truck manufacturer Navistar International Corp (NYSE:NAV). Let's take a closer look at what's moving shares of M...Read More
The brokerage firm also lifted its price target on the stockThe shares of Glu Mobile Inc. (NASDAQ:GLUU) are trading up 5.6% at $7.48, after Cowen and Company named the mobile app maker their best pick for 2019. The brokerage firm also raised its GLUU price target to $9.50 from $8 -- territory not charted since November 2007 -- saying the stock's current price discounts next year's launches, which...Read More
U.S. production of lithium is set to increase 1,300% in the next 2 years.Who wouldn't be happy with 614% gains in a very short amount of time?Well that's what one lithium mining stock did in just under 12 months. But only Australians could reap the rewards of that slam-dunk.Until now that is. The very same "secret sauce" that led to that stock's meteoric rise is now being implemented here in Ameri...Read More
Gold futures ended with a loss on Monday, pulling back from the nearly five-month high they settled at late last week, as the U.S. dollar strengthened at the expense of the British pound. Gold for February delivery GCG9, +0.24% on Comex fell by $3.20, or 0.3%, to settle at $1,249.40 an ounce, while March silver SIH9, +0.42% lost 0.6% to $14.605 an ounce. Read: Silver is primed to take the spotl...Read More
Gold futures ended with a loss on Monday, pulling back from the nearly five-month high they settled at late last week, as the U.S. dollar strengthened at the expense of the British pound. Gold for February delivery GCG9, +0.00% on Comex fell by $3.20, or 0.3%, to settle at $1,249.40 an ounce, while March silver SIH9, -0.21% lost 0.6% to $14.605 an ounce. Read: Silver is primed to take the spotl...Read More
Two brokerage firms issued price-target hikes in responseThe shares of Xperi Corp (NASDAQ:XPER) are up a whopping 45.5% to trade at $18.63, leaping higher after settling all legal matters with Samsung Electronics over a new patent license agreement. In addition, the tech company also raised its fourth-quarter and fiscal year outlook. Two brokerage firms have issued price-target hikes in response,...Read More