The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says…
(Bloomberg Opinion) — In times of coronavirus panic, even havens can be unreliable.Gold closed off February on a tarnished note, ending last week with its steepest daily decline since 2013. As financial markets panicked over the spread of the pneumonia-like illness, stocks tumbled and dragged gold and other precious metals lower. That’s a rare phenomenon for a metal […]
The next move in gold is likely to be determined by how investors react to the retracement zone at $1575.10 to $1547.60.
(Bloomberg) — Financial markets kicked off the week with renewed pessimism after data showed the Chinese economy is struggling with its coronavirus-induced shutdown and new fatalities were reported across the world. Bond yields in Australia and New Zealand plumbed new all-time lows, while the yuan retreated.The yen climbed along with bonds in Australia and New […]
Markets are plunging, taking a serious hit as the coronavirus spreads rapidly throughout the world. So far, the worst of the outbreak is in China, but large-scale viral cases are on the rise in Italy, Iran, and South Korea. Medical restrictions and quarantines are disrupting global trade and travel patterns, with shutdowns in Chinese factories […]
Investors in Advanced Micro Devices (NASDAQ:AMD) are accustomed to seeing shares make big moves. And usually the direction they move is up. Until last week, AMD stock had gained an impressive 388% over the past two years.Source: Joseph GTK / Shutterstock.com However, in the midst of marketwide panic over the coronavirus from China, AMD has […]