President Trump is going after Amazon.com, Inc. (NASDAQ:AMZN) once again. The President this morning tweeted that the United States Postal Service should be charging Amazon more to deliver packages to help address the "billions of dollars a year" it's losing. In response, AMZN shares have dipped 0.6% at the open to trade at $1,179.33. - Donald J. Trump (@realDonaldTrump) December 29, 2017Of cours...Read More
Gold futures jumped on Friday, aiming for their seventh-straight positive session, and hurdling toward a nearly three-month high to wrap up the final trading day of 2017-a year in which the yellow metal will book a roughly 13% gain. February gold GCG8, +0.61% the most active contract on Comex, rose $8, or 0.6%, to $1,305.30 an ounce, retaking the psychologically significant level of $1,300, appro...Read More
Gold futures jumped on Friday, aiming for their seventh-straight positive session, and hurdling toward a nearly three-month high to wrap up the final trading day of 2017-a year in which the yellow metal will book a roughly 13% gain. February gold GCG8, +0.61% the most active contract on Comex, rose $8, or 0.6%, to $1,305.30 an ounce, retaking the psychologically significant level of $1,300, appro...Read More
Stocks are signaling a higher open for the last trading day of 2017, setting up the Dow Jones Industrial Average (DJIA) for yet another record close. Once again trading action will likely be thin ahead of the long weekend, with just the Chicago purchasing managers index (PMI) on the economic schedule today. As such, the Dow and S&P 500 Index (SPX) are both set to end the week, month, and quarter h...Read More
Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More
"If this can happen to me, I promise you, it can happen to anyone."Read More
Dennis Gartman discusses which commodities will go higher into the new year.Dennis Gartman has been publishing his daily commentary, The Gartman Letter, since 1987. Over the years, he has also conducted numerous presentations and courses on issues relating to the capital markets and derivatives for various brokerage firms, central banks, and U.S. government entities. In recent years, Mr. Gartman h...Read More
Editor's note: In today's end-of-year issue, you'll find four big investment ides we wrote about in 2017. But this is no bland "retrospective" list. These ideas couldContinue...Read More
Doubtless, that is what this year-end rally would be called in Trumpian lingo, and the "bigliest" of squeezes is in silver, where shorts have been closing moreContinue...Read More
I love the gold bugs!They're steadfast in warning that you can't live on perpetually-expanding debt... or money printing... or zero interest policies. Mainstream economists have been lulled into believing Continue...Read More
Where will it go from here? Today is another down-day for the US dollar, the third in a row, capping a nasty year for the dollar, the worst sinceContinue...Read More
Huma Abedin's first cousin, Omar Amanat, 44 and an associate were convicted of Fraud on Tuesday for deceiving shareholders in their tech company by Continue...Read More
Of major nations, only Japan, Greece, Italy, and Portugal have debt-to-GDP ratios higher than the US. With the new tax overhaul, U.S. government debt will rise by oneContinue...Read More
With gold moving above $1,300 on the last day of trading in 2017 there are a number of encouraging signs that developed in the last 2 and a half weeks. Jordan Roy-Byrne, Founder of The Daily Gold shares his insights on the price action and what it means for 2018. We look at the recent shift in sentiment in the COT reports as well as the put/call ration in GLD.Read More
Low default rates, a lack of investment alternatives and continued strong foreign demand will support high-yield bonds in 2018. Continue...Read More
Continue...Nomi Prins is an American author, journalist, and Senior Fellow at Demos. She has worked as a managing director at Goldman-Sachs and as a Senior Managing Director at Bear Stearns, as well as having worked as a senior strategist at Lehman Brothers and analyst at the Chase Manhattan Bank. Prins is known for her book All the Presidents' Bankers: The Hidden Alliances that Drive American Pow...Read More
LONDON, 29 December 2017 - BullionVault's Adrian Ash is quoted today alongside other financial experts in a 2018 outlook for women savers in top-selling UK newspaper the Daily Mail's Femail section online.Calling gold "a safety net", research director Adrian warns how "those who forget history are doomed to repeat it, and investors seem to have forgotten both the global financial crisis and the Do...Read More
The Dow Jones Industrial Average (DJIA) finished higher today, securing a historic 71st record close of 2017 -- the most ever in a calendar year. Meanwhile, both the S&P 500 Index (SPX) and Nasdaq Composite (IXIC)finished higher as well, boosted by a strong day for financial and tech stocks. Elsewhere,gold and copper futures extended their recent hot streaks, while bitcoin stirred up controversy...Read More
U.S. stocks are holding higher this afternoon amid low trading volumes. Some names making big moves today are Chinese pipe company ZK International Group (NASDAQ:ZKIN), mobile marketing specialist Live Ventures Inc (NASDAQ:LIVE), and forex concern Gain Capital Holdings Inc (NYSE:GCAP). Let's see what's moving shares of ZKIN, LIVE, and GCAP. ZKIN Stock Explodes On New InvestmentsZK International...Read More
Subscribers to Schaeffer's Option Advisor service won big on our Phillips 66 (NYSE:PSX) February 87.50 call recommendation. Here's a closer look at what initially drew us to PSX, and how the successful options trade unfolded.When we recommended the call option in mid-November, Phillips 66 stock sported a year-over-year lead of 11.4%. PSX had recently pulled back from record high levels, but the...Read More