• The commodity has been steadily climbing alongside an ascending trend-channel formation on intraday charts and is currently placed at the middle of its daily trading range. Gold 15-mins chart • On the 1-hourly chart, the downside remains supported by a short-term ascending trend-line and the metal has managed to hold comfortably above intrad...Read More
TSLA shorts have been heading for the exitsThe shares of Tesla Inc (NASDAQ:TSLA) are up 3.5% to trade at $375.93, after Jefferies upgraded the electric car maker to "buy" from "hold," while boosting its price target to $450 from $360 -- a 24% premium to Thursday's close. The analyst in coverage believes the company will continue to "stand out" next year, and applauded Tesla's strengthening balan...Read More
MO stock is also higher on the newsThe shares of Canadian pot stock Cronos Group Inc (NASDAQ:CRON) have skyrocketed out of the gate today, after cigarette maker Altria Group Inc (NYSE:MO) said it would take a $1.8 billion, 45% stake in the company. CRON stock rallied earlier this week on rumors of Altria buyout interest. At last check, the equity is up 33% at $13.89, on pace for its highest close...Read More
The Apple supplier reported third-quarter earnings and revenue beatsThe shares of Broadcom Inc (NASDAQ:AVGO) are up 4.7% this morning at $237.85 -- putting them on track for their biggest one-day gain since Sept. 7 -- after the Apple supplier reported adjusted third-quarter earnings of $5.85 per share on $5.44 billion in revenue, more than analysts were expecting. Citing strong data center demand...Read More
Learn how to protect savings and maximize returns by investing in precious metals.The U.S. Gold Bureau would like to announce the newest edition of its guide to precious metals, perfect for anyone hoping to safeguard their investments and retirement!And today, they are giving away a free copy of their Investor's Guide to Precious Metals!Their goal is to help regular investors learn the "pro" secr...Read More
Here's what economists are saying about the November employment report, which showed 155,000 new jobs created in the month and the unemployment rate flat at 3.7%. Read more about the data from MarketWatch. ?EUR? "The November jobs report was sturdy but uninspiring. Job growth of 155,000 is around 50,000 shy of both the average monthly gain for 2018 and the expected gain for November. But the u...Read More
The U.S. added a lower-than-expected 155,000 jobs in NovemberThe selling looks set to continue on Wall Street, with Dow Jones Industrial Average (DJIA) futures trading below fair value this morning. However, futures have come off their earlier lows, after today's mixed jobs report showed the U.S. added 155,000 jobs in November, while wage growth edged up 0.3%. While these figures were softer than...Read More
Fred Imbert| @foimbertPublished 16 Hours AgoUpdated3 Hours AgoCNBC.com show chapters Stocks plunge after weak jobs data — Here's what three experts say that means for investors 6 Hours Ago |02:44 Stocks dropped sharply on Friday, concluding what has been a wild week for Wall Street. A weaker-than-expected jobs report and China-U.S. trade tensions sent the Dow Jones I...Read More
Before the end of the year, Aura Resources (TSXV: AUU) decided to share its plans for the Gold Chain project, which the Ontario miner acquired last July.In a press release, the company said that as soon as 2019 kicks off, they want to start mapping and sampling the area using geophysics, geochemistry, alteration studies and advanced deposit modeling. The idea is to obtain information that will be...Read More
* Dollar heads for biggest weekly drop in two months * U.S. payrolls eyed amid fears growth is slowing * Zinc cash to three spread near record highs (Adds closing prices/details)By Maytaal AngelLONDON, Dec 7 (Reuters) - Copper climbed more than 1 percenton Friday as the dollar looked set to record its biggest weeklydrop in two months, tempting buyers back to the metal after theprevious day's steep...Read More
Silver sits at just under the $14.45 level.Open interest takes a nose dive.$13.86 is just above the line in the sand on the downside.A recovery above $15 could set the stage for 2019.USLV on a dip with a stop below $13.50 on March silver.The silver market has been a real snoozer these days. Silver has a long history as a highly volatile commodity. When it starts to move higher or lower, it often...Read More
Shares in Condor Gold (LON:CNR) climbed over 10% Friday after it announced the Nicaraguan ministry of energy and mines had granted it the Las Cruces concession, which expands its La India gold project package by 45%.The 25-year exploration and exploitation concession covers an area of 142.6 km2, expanding the La India land package to 455.6 km2. Condor Gold's project now includes a total 11 adj...Read More
Published 21 Hours AgoUpdated4 Hours AgoReuters Getty ImagesGold prices hit a five-month peak on Friday and continued to trade close to that level as the dollar slid following weaker-than-expected U.S. jobs data that raised the possibility that the U.S. Federal Reserve might go slow on interest rate hikes next year.Spot gold was up 0.86 percent at $1,248.28 per ounce, having hit $1,245.60 per oun...Read More
Published 21 Hours AgoUpdated4 Hours AgoReuters Getty ImagesGold prices hit a five-month peak on Friday and continued to trade close to that level as the dollar slid following weaker-than-expected U.S. jobs data that raised the possibility that the U.S. Federal Reserve might go slow on interest rate hikes next year.Spot gold was up 0.86 percent at $1,248.28 per ounce, having hit $1,245.60 per oun...Read More
Gold one-month 25 delta risk reversals (XAU1MRR) rose to 0.75 yesterday – the highest level since Nov. 7 – up sharply from the previous day's print of 0.25. The positive number indicates the demand or implied volatility premium for gold calls is higher than that of puts. Simply put, the demand or value of the bullish bets increased sharply, validating the yellow metal's ju...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average slumped sharply Thursday after the arrest of a high-level Chinese business executive threatened to unravel the U.S. and China trade truce.Chipmakers with exposure to markets in China, such as Advanced Micro Devices Inc. (AMD) and Micron Technology Inc. (MU) , traded mixed Thursday.&nbs...Read More
The Thursday Market Minute Global stocks slide as investors worry the arrest of a key China business executive will unravel the recently-agreed trade truce between Washington & Beijing.Huawei CFO reportedly faces extradition from Canada for allegedly violating U.S. sanctions on IranEuropean stocks fall more than 2.2%, the most since the July 2016 Brexit vote, to a two year low as invest...Read More
(Kitco News) - 2019 will see the start of a new bull cycle for gold and push the metal up to $1,500 an ounce, said E.B. Tucker, director of Metalla Royalty & Streaming. "To make big money in this market, you have to see the cycles. Nothing changes. We've had three big cycles in gold since 2000 and we're about to have another one," Tucker told Kitco News. Tucker said that the next cycle peak c...Read More
CloseGain/LossOn WeekGold $1248.40+$10.10+2.19%Silver$14.63+$0.25+3.25%XAU67.94+2.40%+5.40%HUI153.93+2.58%+6.13%GDM560.05+2.34%+5.32%JSE Gold1201.13-0.09+9.31%USD96.60-0.14-0.61%Euro114.10+0.24+0.80%Yen88.80+0.01+0.67%Oil$52.61+$1.12+3.30%10-Year2.856%-0.031-4.86%Bond143.90625+0.34375+2.27%Dow24388.95-2.24%-4.50%Nasdaq6969.25-3.05%-4.93%S&P2633.08-2.33%-4.60% The Metals: ...Read More
By Gary TanashianThe macro has moved through a time of moderately rising inflationary concerns when economies were cycling up, many commodities were firm and risk was 'on'. Contrary to the views of inflation-oriented gold bugs, that was not the time to buy gold stocks.As I have belabored again and again, the right time is when the inflation view is on the outs, gold is rising vs. stock markets,...Read More