(Kitco News)- Gold prices are expected to quietly move higher through therest of the year into 2019, butone of the world’s top precious metals consultancyfirms said investors shouldn’t expect to see fireworks as there currently isn’tan urgency for diversification.In a recent interview with Kitco News, Philip Newman,director and founding partner of Metals Focus, said that although...Read More
Is it time to prepare for the next financial crisis?Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is going on?Former hedge fund manager, Dr. Steve Sjuggerud, one of the most widely-followed financial analys...Read More
Monday's sell-off was in line with the norm, if this signal is any indicatorAfter a brutal October, U.S. stocks kicked off November with a bang. Specifically, the S&P 500 Index (SPX) enjoyed two straight weekly gains of at least 2% -- something we haven't seen in more than three years. Below, we take a look at what these signals could mean for both the stock index and Wall Street's "fear barometer...Read More
NEW YORK (Reuters) - The euro and sterling rose on Tuesday as Britain and the European Union agreed on a preliminary text for the nation to leave the economic bloc in a bid to avoid a chaotic divorce that would disrupt the region’s economy.The stronger euro and sterling spurred profit-taking in the dollar, which reached a 16-month peak against a basket of currencies on Monday.Uncertainty ove...Read More
(Reuters) - Zotye Automobile (000980.SZ), a Ford Motor Co (F.N) partner in China, said on Tuesday it planned to begin selling SUVs in the United States in 2020.Ford is not involved in those plans by the Chinese automaker, spokesmen for the companies said.Ford had tapped Zotye to provide lower-priced electric vehicles to some of its dealers in China.“There is no current plan for Zotye USA to...Read More
Most analysts are already bullish on the nameLeerink resumed coverage on Adamas Pharmaceuticals Inc (NASDAQ:ADMS) with an "outperform" rating and $20 price target -- a nearly 75% premium to last night's close. After surging as much as 6.9% in early trading, ADMS stock was last seen down 1.2% at $11.32.More broadly speaking, it's been a rough stretch for ADMS shares, which have shed 61% year-over-y...Read More
The analyst cited an unusual amount of uncertaintiesAsure Software Inc (NASDAQ:ASUR) is getting hammered today, last seen down 9.2% at $6.46, and it earlier hit a two-year low of $6.27. This puts the shares on pace for a fourth straight straight daily decline, as they continue to pull back from a May high near $20 under the pressure of their 50-day moving average. Today's losses come after Dougher...Read More
The former Dow stock is pacing toward its best day since JuneIt's a mixed session on Wall Street as traders weigh U.S.-China trade news against spiraling oil prices. Among individual stocks making notable moves are former Dow component General Electric Company (NYSE:GE), LED specialist Cree, Inc. (NASDAQ:CREE), and real estate investment trust (REIT) JBG SMITH Properties (NYSE:JBGS). Here's a quic...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump’s top economic adviser said on Tuesday that the United States welcomed the resumption of talks with China on trade, while Vice President Mike Pence warned Beijing to change its behavior so as to avoid a new cold war with the United States.National Economic Council Director Larry Kudlow told reporters at the White House that the U.S. and Chin...Read More
WASHINGTON (Reuters) - President Donald Trump is moving to replace his deputy national security adviser after she feuded with first lady Melania Trump, two sources familiar with the matter told Reuters on Tuesday.The first lady complained to the president that she was unhappy with how she was being treated by Mira Ricardel, a former Boeing executive who worked on the Trump presidential campaign an...Read More
• The ongoing USD retracement helped limit early downslide. • Risk-on mood keeps a lid on any meaningful up-move. Gold quickly reversed a dip to fresh one-month lows, albeit struggled to build on the recovery move and remained well below session tops. The commodity stalled its recent bearish trajectory and showed some resilience belo...Read More
Gold prices ended lower Tuesday, logging a fourth straight decline and the seventh down session out of the past eight, as a popular gauge of the dollar slipped but remained near its highest level in roughly 17 months. December gold GCZ8, -0.03% fell $2.10, or 0.2%, to settle at $1,201.40 an ounce. It dipped to a low of $1,196.60, but also crossed briefly into positive territory to touch a high o...Read More
Gold prices ended lower Tuesday, logging a fourth straight decline and the seventh down session out of the past eight, as a popular gauge of the dollar slipped but remained near its highest level in roughly 17 months. December gold GCZ8, -0.04% fell $2.10, or 0.2%, to settle at $1,201.40 an ounce. It dipped to a low of $1,196.60, but also crossed briefly into positive territory to touch a high o...Read More
QRVO became the latest Apple supplier to issue a tepid outlook Qorvo Inc (NASDAQ:QRVO) is the latest Apple supplier to slash its third-quarter forecast for profit and revenue, resulting in a price-target cut to $75 from $80 at Cowen earlier today. But while QRVO earlier fell to an annual low of $61, it was last seen slightly higher at $63.75, and activity in the options pits today points to a bul...Read More
(Reuters) - The United States economy could add as many as 5 million workers to its labor force by improving conditions for women workers, including offering better parental leave, a paper published by the San Francisco Federal Reserve Bank on Tuesday found.Worker shortages have become an increasing concern for U.S. companies now that unemployment has fallen to 3.7 percent, and part of the problem...Read More
BRASILIA (Reuters) - Brazil's far-right President-elect Jair Bolsonaro is likely to skip the G20 diplomatic summit in Argentina at the end of the month due to his poor health, he told journalists on Tuesday.Bolsonaro, who nearly died from a stab wound received on the campaign trail, also confirmed that diplomat Luis Fernando Serra is one of the names being considered to run the Foreign Ministry. S...Read More
(Reuters) - An associate of Roger Stone, a longtime ally of U.S. President Donald Trump, said he was told by the U.S. special counsel probing Russian meddling in the 2016 presidential election that he would be contacted this week about a possible plea deal.Jerome Corsi, a right-wing commentator who has promoted political conspiracy theories, told Reuters on Tuesday that his lawyer was told by the...Read More
LONDON (Reuters) - The European Union and Britain have agreed a draft text of a Brexit withdrawal agreement and Prime Minister Theresa May will present it to her senior ministers on Wednesday.While officials choreograph the first withdrawal of a sovereign state from the EU, it remains unclear whether May can get any deal approved by the British parliament.“Cabinet will meet at 2 p.m. tomorro...Read More
Tasca Resources (TAC-V) today announced it has acquired the Selish Mountain property, a 290-hectare block 15 kilometres southwest of Merritt, B.C., and 10 kilometres to the north of Westhaven Ventures Inc.'s Shovelnose gold property, where recent drilling has returned intersections of 8.95 grams per tonne gold over 46.2 metres and 24.5 g/t gold over 17.77 metres. Historic exploration on the Selish...Read More
The Dow stock could hit record highs again soon, if past is prologueStaying with the theme of stocks to keep an eye on ahead of the holidays, today we are zeroing in on blue chip UnitedHealth Group Inc (NYSE:UNH). UNH landed a spot on Schaeffer's Senior Quantitative Analyst Rocky White's list of 25 stocks to buy before Thanksgiving, and is one of just two Dow names to make the cut. Below, we wil...Read More