Gold breaks out to 7-year highs
With Wednesday’s Fed meeting behind us, precious metals can resume their uptrends. A breakout in gold should extend to challenge $1700+ in March.
Once again, the world is gripped by uncertainty. Fear of an international outbreak of coronavirus, on top of recent worrisome developments between the US and Iran, have spooked investors, sending all three major indexes down over the last week.However, no matter the global outlook, one thing remains certain; investors are still in the game, on […]
Anti-viral pharma companies catering to respiratory disorders performed solidly during the SARS outbreak, and history might repeat itself with this new virus Continue reading…
(Bloomberg) — Stocks slid with U.S. equity futures on Thursday as investors mulled mounting evidence that the coronavirus epidemic is disrupting the world’s second-largest economy. Bonds gained and China’s offshore yuan weakened past 7 for the first time this year.The Stoxx Europe 600 Index opened sharply lower, with all 19 sectors in the red. Contracts […]
Let’s take a moment, and talk about bargains – specifically, what makes a particular stock a bargain. There are three main factors to consider: the cost of entry, or the share price of the stock; the expected appreciation, or the upside to the stock; and the dividend, or the immediate return from the stock. It’s […]
(Bloomberg Opinion) — Lots of companies talk a good game about cutting planet-heating greenhouse emissions but their disclosures and targets have tended to focus on the emissions over which they have direct control and which are easiest to measure. That’s fine in an industry such as cement, where the bulk of carbon pollution occurs during […]
(Bloomberg) — Stocks in Europe climbed along with U.S. equity futures as corporate earnings and the Federal Reserve rates decision later Wednesday gave investors a fresh focus while concerns about the deadly coronavirus linger. Treasuries gained with most European bonds.Mining and banking shares led the Stoxx Europe 600 index higher, with 16 of 19 industry […]
Silver tumbles to support as the dollar rallies
Silver markets got absently hammer during the trading session on Tuesday, slicing through the 50 day EMA. The market breaking significantly below the $18 level isn’t as surprising as the fact that the market had sliced through a lot of short-term support.
(Bloomberg) — It’s almost as if the last decade never happened for investors of Exxon Mobil Corp. shares.Once the gold-standard of Big Oil, the stock closed Monday at its lowest since October 2010, amid a slump in oil prices due to concerns about weak demand coupled with a glut. The S&P 500 also posted its […]
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly…
Gold hit its highest level in almost seven years and prices may keep climbing.
Margielyn Didal from the Philippines has ridden from poverty to sudden fame after winning gold medals in street skateboarding at the 2018 Asian Games and 2019 Southeast Asian Games. Now the 20-year-old has set her sights on qualifying for the 2020 Tokyo Olympics, training overseas at skateparks in Los Angeles, Rio and Hong Kong. Named […]
(Bloomberg) — Gold jumped as the spread of the coronavirus globally spurred demand for haven assets.Prices rose as much as 1.1% as risk-off sentiment swept markets, with equities and crude oil tumbling. In the latest attempt at containment, China extended the week-long Lunar New Year holiday and banned all outgoing overseas group tours to avoid […]
(Bloomberg) — Deepening fears about the economic and human impact of the deadly coronavirus sent stocks, crude oil and China’s yuan tumbling Monday, and spurred haven assets. Italian bonds jumped after regional elections.The Stoxx Europe 600 Index sank at the open, with all 19 industry groups in the red. Contracts on the S&P 500 signaled […]
The early direction on Monday will be determined by trader reaction to the short-term 50% level at $1581.20.
(Bloomberg Opinion) — Oil succumbed to the coronavirus this week because its immune system was compromised already. Amid headlines about quarantined Chinese cities and dozens of potential cases showing up in the U.S., Brent crude closed on Friday at $60 and change, its lowest since Halloween. This is all the more remarkable when you consider January […]
Microsoft (NASDAQ:MSFT) has been on a roll the past year as everything it touches seems to turn to gold. As a result, Microsoft stock has generated a one-year total return of 57%, almost four times greater than Amazon (NASDAQ:AMZN), its biggest rival in the race to dominate the cloud. Source: ymgerman / Shutterstock.com InvestorPlace – […]
Gold prices benefit from safe-haven flow
For a few weeks, I’ve advised readers that the current pullback is nothing more than a healthy mid-cycle consolidation. That once concluded, metals and miners would continue higher into March. The correction period is ending, and the next leg higher is about to begin. We see explosive potential in silver.