Gold futures reached a new high today and are currently trading around $1725. As I said a couple of weeks ago – “The manipulators are good at tricking investors
The next upside target is a steep uptrending Gann angle at $1768.00. Crossing to the strong side of this Gann angle and sustaining the move will put the market in an extremely bullish position.
Gold prices surged higher on Thursday following an announcement by the Federal Reserve that they would increase their programs to support small businesses. Yields moved lower helping to buoy the yellow metal after the Labor Department reported a larger than expected increase in US jobless claims. This is the 3-straight multi-million person increase in initial […]
(Bloomberg) — The gold market is showing no signs of going back to normal.Spreads between New York and London have stayed around $40, a sign that traders are hesitant and liquidity is thin. It’s still difficult to ship gold around the world and traders have speculated that some dealers are pulling back given the logistical […]
(Bloomberg) — European stocks pared their gains alongside U.S. equity futures on Thursday as investors mulled estimates of how soon economies can reboot when the coronavirus outbreak eases. Oil rose after Russia signaled it’s ready to make production cuts.Declines in telecoms and media shares helped trim an earlier advance by the Stoxx Europe 600 Index. […]
(Bloomberg) — Oil is set to tumble back toward $20 a barrel as global producers will likely fall short of targeted cuts this week, leaving a supply overhang that will threaten to overwhelm global storage, according to ING Groep NV.Oil giants including Saudi Arabia and Russia are likely only going to be able to cobble […]
In times of high volatility, precious metals would see increased purchases as investors seek a safe haven. Gold, the original hard cash, is the tradition safe play, the place where investors can park their money and see it hold its value. With gold on the way up, stock investors will naturally be looking for a […]
(Bloomberg) — Stocks in Europe and Asia gained on Tuesday alongside U.S. equity futures amid continuing optimism the spread of the coronavirus may be slowing in several major economies. Bonds extended declines and the dollar weakened.The Stoxx Europe 600 Index jumped, led by travel and leisure shares, as every major national gauge in the region […]
(Bloomberg) — Gold futures surged far above $1,700 an ounce to the highest since 2012, pushing out the spread over spot prices, as investors weighed the widening economic fall-out from the coronavirus pandemic, the prospect of more stimulus, and further signs of dislocation in physical bullion markets.The precious metal is in demand, with JPMorgan Chase […]
With a market cap of a miniscule $10.16 million, you can firmly place biotech Capricor Therapeutics (CAPR) in the nano cap section. Although, according to one analyst, if recent developments are anything to go by, the Beverly Hills, California based company won’t be in the small fry category for much longer.H.C. Wainwright’s Joseph Pantginis reiterated […]
(Bloomberg) — Stocks jumped in Europe and Asia alongside U.S. equity futures after the reported death tolls in some of the world’s coronavirus hot spots showed signs of easing over the weekend. The dollar edged higher and Treasuries fell.The Stoxx Europe 600 Index rallied led by automakers and travel and leisure shares after Italy said […]
At time of writing, global coronavirus cases are nearing the one million mark, with the U.S. leading the number of cases by a country mile. Given this dubious honor, it's no surprise that the markets have taken down even stable companies like Cisco Systems (NASDAQ:CSCO). However, because of its long-term potential, many are taking advantage […]
Oil prices skyrocketed over 24% on Thursday, as black gold clinched its largest single-session percentage gain ever. The surge buoyed oil stocks and other energy-related industries, with many rising over 10%. Today we're looking at three of the easiest ways to profit from the potential follow through.Optimistic comments from President Donald Trump during a CNBC […]
Get ready for some incredible price moves in the metals markets and congrats to all the Gold and Silver bugs out there. Our analysis says our patience and accumulation of physical metals will soon pay off in a big way.
The novel coronavirus is already proving to be the biggest economic shock to the world economy since the Great Financial Crisis of 2008. Perhaps it will be even worse than that by the time all is said and done, with a number of stocks to sell out there. In any case, the S&P 500 fell […]
I grew tired of the instability and blatant manipulation in precious metals, over the next few weeks, I’ll be switching to an Accumulative Metals Portfolio (AMP).
(Bloomberg) — There is no shocking this market anymore.Between the rapidly escalating coronavirus crisis and the unprecedented stimulus measures to counter its impact, investors have endured weeks of extreme turbulence. The evidence suggests they are becoming inured to both good news and bad.In a week of disastrous economic data and carnage across the corporate space, […]
(Bloomberg) — For years, gold bugs were relegated to the fringes of financial markets. Often viewed by mainstream investors as tinfoil-hat conspiracists with basements full of beans and bottled water, their warnings sounded apocalyptic: a coming collapse in financial assets, widespread devaluation of paper money and global disasters that erode civil liberties.Welcome to 2020.As the […]
(Bloomberg) — When people are worried about the future they turn to gold to protect their savings. That’s rarely been more true than today.Surging demand and disruptions from the coronavirus pandemic have created a shortage of the small gold bars most popular with consumers. Those who do manage to get their hands on metal have […]
(Bloomberg) — European stocks rose with U.S. equity futures on Thursday as investors caught their breath following a rough start to the second quarter for risk assets. Oil surged after China unveiled plans to boost its reserves.The Stoxx Europe 600 Index climbed, led higher by energy shares as the world’s biggest importer took advantage of […]