As a part of the Fed's emerging "data dependent" plan, it could chose to pause bumps to the federal funds rates, the Wall Street Journal reported Thursday.Fed Chair Jerome Powell last week said that rates were "just below" the level that would be neutral for the economy, a statement investors took as more dovish. Thomas Franck| @tomwfranckPublished 4 Hours AgoUpdated4 Hours AgoCNBC.com Alex Won...Read More
- What are "Fake Markets" and will they lead to another global financial crisis? - What do fake markets mean for stock and bond market performance in the future? - Is this the right time to re-balance portfolios and hold more cash and gold?In episode 9 of the Goldnomics Podcast, Stephen Flood GoldCore CEO talks to Francesco Filia CEO of Fasanara Capital and regular contributor to CNBC about his...Read More
Lots and lots of US economic data releases are there today and till 14th December. Most traders believe that the trend of metals and the US dollar Index will be set after the release of US nonfarm payrolls tomorrow. I do not think so. Next week also there can be trend changing US economic data releases like retail sales and GDP numbers. Physical demand of silver is there in India and Asia. But q...Read More
Investors presume that the Sino/US cease-fire will be broken and markets are roiled by such prospects. Gold has made a round trip but holds the 38.2% fibo at 1238. Spot gold has broken above the 38.2% fibo of the 2018 decline as investors run for the exits following a terrible start on Wall Street that has progressed into a bloodbath on Thursday ahead of the key nonfarm payrolls d...Read More
As gold fails to find much haven support despite a volatile stock market and palladium prices hit record highs, silver prices sit close to their lowest levels in nearly three years, down 15% year to date. Silver hasn't garnered the same attention as its peers in the metals market, but it deserves a second look. "Investors might be too bogged down looking at the macro environment when assessing sil...Read More
As gold fails to find much haven support despite a volatile stock market and palladium prices hit record highs, silver prices sit close to their lowest levels in nearly three years, down 15% year to date. Silver hasn't garnered the same attention as its peers in the metals market, but it deserves a second look. "Investors might be too bogged down looking at the macro environment when assessing sil...Read More
Evidence of a looming financial crisis may be growing, according to Harry Dent.The man who warned of the 2001 tech crash, the 2008 subprime financial disaster and China's recent stock market decline - years before they happened - has issued a new earth-shattering statement:"The Dow is set to embark on a catastrophic plunge...all the way down to 6,000."Harry Dent recently explained: "Nations are...Read More
The Nasdaq muscled into positive territory by the closeIt was another volatile day on Wall Street, with the Dow down more than 780 points at its session low as hopes for a U.S.-China trade deal took a hit after the arrest of Huawei Chief Financial Officer (CFO) Meng Wanzhou. However, the blue-chip index pared the bulk of these losses by the close -- and the Nasdaq finished in the green -- after t...Read More
A free tool can help traders bank big this earnings season.We are in middle of Earnings season, which means the time to bank some big wins is now.Tech stocks (AAPL, FB and BIDU) just released Earnings few days ago, and you need to position yourself now in order to make maximum profit from it.One company can help any investor do just that.They've developed a tool that predicts volatility based on...Read More
Rosenblatt Securities cut its price target on AAPL stockU.S. stocks are in the red once again, as a high-profile arrest fuels concerns about U.S.-China trade. In fact, the detainment of Huawei Chief Financial Officer Meng Wanzhou in Canada -- on America's orders -- has sent shockwaves through the tech sector, weighing on optical components makers like NeoPhotonics Corp (NYSE:NPTN). In addition, Ch...Read More
The stock market is expected to accelerate the short-term downtrend today following Wednesday's one-day pause as investors' sentiment worsened once again. Will the S&P 500 index get back to its late October low?The U.S. stock market indexes lost 3.1-3.8% on Tuesday, retracing some of their recent advance, as investors' sentiment quickly worsened following the renewed trade war fears. The S&...Read More
The shipping stock was put under pressure by Amazon fears Subscribers to our Weekly Options Countdown service recently tripled their money with the United Parcel Service, Inc. (NYSE:UPS) weekly 12/7 117-strike put. We'll take a closer look at what initially put UPS stock on our bearish radar, and how the winning options trade unfolded.When we entered the position on Monday, Dec. 3, the shippin...Read More
Powell has recently came up with the metaphor of wandering in the darkness. Will golden sunshine brighten the dark? I Am the Fed Chair and I Know Nothing On November 14th, Powell discussed global perspectives in Dallas Fed with its President, Robert Kaplan. He characterized the Fed's stance, providing an interesting analogy: A non-economic example [of the approach adopted by the Fed] wo...Read More
Gold futures notched a gain on Thursday, with the precious metal finding some haven demand alongside a weaker dollar index and sharp tumble in stock trading. "If gold was ever going to stage a meaningful rally it will be now: stocks and yields are falling and dollar is isn't doing too great either, apart from against commodity currencies, owing to the ongoing risk-off trade," said Fawad Razaqzada,...Read More
Gold futures notched a gain on Thursday, with the precious metal finding some haven demand alongside a weaker dollar index and sharp tumble in stock trading. "If gold was ever going to stage a meaningful rally it will be now: stocks and yields are falling and dollar is isn't doing too great either, apart from against commodity currencies, owing to the ongoing risk-off trade," said Fawad Razaqzada,...Read More
Adobe and Costco will highlight a quiet earnings weekNext week, traders will digest the latest inflation data ahead of the Dec. 19 Federal Open Market Committee (FOMC) policy statement, with the Fed expected to hike interest rates one more time in 2018. In addition, the weekly crude inventories report could merit extra attention, on the heels of this week'sOrganization of the Petroleum Exporting C...Read More
The security has pulled back to a trio of supportive trendlinesDollar General Corp. (NYSE:DG) on Tuesday cut its full-year guidance, citing hurricane costs and potential tariff ramifications. As such, DG shares dropped 6.8% that day -- their worst session since May. However, the security is flashing a trio of historical buy signals, suggesting now may be time to pick up DG on sale.The equity is ba...Read More
F stock is trading down 2% today on new U.S.-China tensionsThe shares of Ford Motor Company (NYSE:F) are trading down 2.7% today at $8.94, after the high-profile arrest of a Huawei exec casts exacerbates U.S.-China trade tensions. While today's retreat is finding a familiar floor in the $9 neighborhood, one options trader is positioning for an even bigger slide into the new year.At last check, rou...Read More
The brokerage firm sees a number of revenue growth opportunitiesBofA-Merrill Lynch upgraded Arista Networks Inc (NYSE:ANET) stock to "buy" from "neutral," and reiterated its $300 price target -- a nearly 31% premium to Tuesday's close. The brokerage firm cited potential growth opportunity in new markets like routing and wireless LAN, given "management's excellent execution history."As such, ANET...Read More
NEW YORK, Dec 6 (Reuters) - Gold-backed exchange-traded funds (ETFs) registered inflows in all the world's major regions in November, as volatile stock markets fueled flight-to-safety buying, the World Gold Council said on Thursday.North American funds had inflows of $352.7 million while European funds posted inflows of $371.9 million last month, according to figures provided by the Council. It wa...Read More