Gold markets broke out during the trading session on Friday, slicing through a massive barrier at the $1300 level. Ultimately, this is a market that looks like it is ready to go too much higher levels this year.
Venezuela’s cryptocurrency will launch within days and be backed by 5.3 billion barrels of oil worth $267 billion, in a bid to offset a deep financial crisis, the socialist government said on Thursday. President Nicolas Maduro surprised many earlier this month when he announced the “petro” cryptocurrency, to be backed by OPEC member Venezuela’s oil, […]
"Halftime Report" trader Pete Najarian spots unusual activity in shares of Pepsi and Freeport-McMoRan.
U.S. growth prospects dimmed on Friday as data showed spending outpaced income in November. This likely means the Fed is not going to get overly aggressive anytime soon when the inflation metric is well below target. This is potentially bullish for gold and this thought was reflected in Friday’s strong rally.
From Jordan Roy-Byrne: Back in early 2016 as precious metals rebounded, our work showed that gold stocks were arguably the cheapest they had ever been. They had the worst 5-year and 10-year rolling performance ever, they were trading at potentially 40-year lows… Read more ›
Despite bitcoin’s wild price moves, it’s still not considered a risk to the financial system. China is the world’s largest producer and consumer of coal, and it hosts more than half of the world’s bitcoin-mining pools. While experts debate bitcoin’s role in a world still dominated by fiat currencies, the real risk is how the […]
Unfortunately for yellow metal lovers, the mad dash for equities is leaving gold stocks and their ilk out in the cold. Since peaking in early September at $128.32, the popular gold exchange-traded fund — SPDR Gold Shares (NYSEARCA:GLD) — has tumbled 7.2%. Gold miners have followed in-kind with downtrends gripping them one and all.
Over the past couple of weeks “gold bugs” have got themselves into a bit of a panic as to where gold is heading. Gold has, indeed, fallen from the $1,300 level, down to around $1,235, at one point.
Last Christmas, my carry-on bag was stolen during a trip from New York to San Francisco. I’d last seen it on the plane, but it disappeared somewhere between the aircraft and the car at the airport. A few days later, the phone inside the bag turned up in the Philippines. You can read about that […]
Gold spot prices rise and fall, but these companies have what it takes to thrive no matter what.
Some have argued that the boost Nvidia has seen from cryptocurrency mining is over, but one analyst thinks differently. Alt-coins have been exploding in value and could provide another big boost to Nvidia’s bottom line. Some analysts have already called for the end of the crypto boom for Nvidia, but Mitch Steves, an analyst at […]
In the overall scheme of things, these coins have been forgotten as the Bitcoin market has exploded to the upside with anticipation of a new futures market.
Did Hecla Mining's sharp November plunge create an opportunity, or is it a value trap?
NVIDIA Corporation (NASDAQ:NVDA) have been a beast for the past couple of years, trouncing the performance of rival Advanced Micro Devices, Inc. (NASDAQ:AMD), as well as AMD’s frenemy Intel Corporation (NASDAQ:INTC). While a stabilizing PC market has supported modest demand for next-generation graphics cards, it’s actually been the rise of cryptocurrency mining and artificial intelligence […]
Hecla Mining Company (HL) needs investors to pay close attention to the stock based on moves in the options market lately.
All gold mining stocks don't shine when gold prices rise. Here's proof.