(Bloomberg) — Traders are abandoning bearish bets on gold as the yellow metal surges to all-time highs.Short interest as a percentage of shares outstanding on the $75 billion SPDR Gold Shares exchange-traded fund, ticker GLD, is near the lowest level since July 2009, according to data from IHS Markit Ltd. Meanwhile, bullish call option volume […]
Drug maker Moderna Inc (NASDAQ: MRNA) is starting a Phase 3 trial of its coronavirus vaccine, and CNBC's Jim Cramer has some advice for the company and its management team.Moderna's Insider Stock Sale: Moderna found itself on the receiving end of an additional $472 million from the federal government to help the development of its […]
Investors flock to the traditional safe-haven amid US-China tensions and the Covid-19 pandemic.
The Last Week, In A Nutshell What Happened: Stocks closed the week lower on an escalation of U.S. and China tensions, mixed reactions to earnings results, and delays in stimulus talks.Remember This: "Congress' decision on a new wave of support could make or break the next leg of the economic recovery," said Lindsey Bell, chief […]
Spot gold rose 1.7% to $1,934.06 per ounce by 0802 GMT after hitting a record high of $1,943.93. U.S. gold futures gained 1.7% to $1,929.40. Gold is in “perfect condition to move higher,” said ANZ commodity strategist Soni Kumari, as central banks push for liquidity amid the pandemic.
(Bloomberg) — Gold’s unrelenting march higher shows no signs of slowing after a plunge in the dollar swept prices past the previous high set in 2011 and put the metal on track for even bigger gains.Bullion’s surge came as a gauge of the U.S. currency sank to the lowest in more than a year, the […]
(Bloomberg) — Spot gold heads into a busy week just shy of its 2011 record high, after posting a seventh consecutive weekly advance, the longest streak since the same year. Fueled by flaring U.S.-China tensions, mounting global growth concerns and the coronavirus pandemic, the metal seems poised for more gains as the Federal Open Market […]
Back on April 6, I wrote about how Alibaba (NYSE:BABA) stock would be a winner in the Covid-19 era. In the three-plus months since that column was published, Alibaba stock is up over 20% and recently made new all-time highs.Source: BigTunaOnline / Shutterstock.com It's always scary buying a stock near all-time highs. However, I believe […]
(Bloomberg) — It’s easy to forget now but there was a time early on in the pandemic when the price of gold was in freefall.It was a curious thing, what with the virus sparking a collapse in the global economy, and it would prove in time to be one of the great head-fakes in the […]
Highlights: * Work underway to complete soil sampling campaign along 18 km fault to identify anomalous silver, zinc, lead and copper between two recently announced near surface silver discoveries; * Drill hole NC20-313 intersected 28.6m of 57 g/t silver including 16.
(Bloomberg) — As economies struggle to recover in the pandemic and U.S.-China tensions flare, investors piling into precious metals may be overlooking another potential haven: wood.Lumber futures have doubled since early April and are the top-performing major raw material this year. Surprisingly, wood is even outshining gold and silver, traditionally the go-to haven commodities.While lockdowns […]
This big breakout in Silver is nothing more than a phenomenal warning for all traders and investors – BE WARNED: RISKS ARE SKYROCKETING HIGHER.
Gold prices finished the week on an up note, rising 0,75% and closing the week up more than 5%. Optimism in the US continues to fade as more workers now believe their temporary job losses will become permanent. US yields continued to move lower, helping to undermine the greenback, and paving the way for higher […]
Tesla Inc (NASDAQ: TSLA) would offer a "giant contract" to any company that can efficiently mine nickel in an environmentally sustainable way, the automaker's Chief Executive Officer Elon Musk said during an earnings call Wednesday.What Happened The automaker is encouraging nickel miners to work on extracting more of the silver-white lustrous metal due to its […]
(Bloomberg) — For a soft-spoken and unfailingly polite figure, Judy Shelton is inspiring no shortage of fear in Washington right now, at least in certain circles.The libertarian think-tank veteran moved a step closer to joining the Federal Reserve’s Board of Governors when the Senate Banking Committee on Tuesday approved her nomination to that post by […]
When you buy shares in a company, there is always a risk that the price drops to zero. But if you pick the right…
(Bloomberg) — Gold traded near $1,900 an ounce, edging closer to its all-time high set almost nine years ago, as concerns about global growth buoyed haven demand.Increasing signs that the prolonged coronavirus pandemic is stalling an economic recovery and the recent surge in tensions between the U.S. and China are underpinning demand for the metal. […]
(Bloomberg) — Elon Musk may help sanctioned Israeli billionaire Dan Gertler get a little richer.Tesla Inc., the company Musk runs, struck a deal last month with Glencore Plc to buy as much as 6,000 tons of cobalt annually for use in the rechargeable batteries that power its electric vehicles. Glencore, in turn, is obligated to […]
(Bloomberg Opinion) — It’s not only gold that glitters. Since touching its weakest level in more than a decade in March, silver has doubled to a seven-year high of almost $23 an ounce. Partly, it’s a rally fueled by the same low-yield, weak-dollar haven dynamic that has pushed bullion to within spitting distance of a record. […]
(Bloomberg) — Elon Musk has a plea for mining companies: “Please mine more nickel.”“Tesla will give you a giant contract for a long period of time if you mine nickel efficiently and in an environmentally sensitive way,” said Musk, chief executive officer of the electric-carmaker, during a second-quarter earnings call.Musk’s plea comes as one of […]
Ben Johnson, Morningstar’s Director of Global ETF Research, joins Yahoo Finance’s Akiko Fujita to break down the outlook on gold & silver ETFs amid coronavirus uncertainty.