Deutsche Bank thinks C will benefit from the resultsThe Federal Reserve is expected to release the first-round results of its 2018 Dodd-Frank Act stress tests tomorrow morning -- an annual event that came as a result of the most recent financial crisis. Ahead of the event, Citigroup Inc (NYSE:C) was upgraded to "buy" from "hold" at Deutsche Bank, which also raised its price target on the bank stoc...Read More

 CloseGain/LossGold $1269.50-$6.00Silver$16.30UNCHXAU81.25-0.52%HUI175.44-0.80%GDM611.50-0.75%JSE Gold1075.67+3.70USD95.09+0.05Euro115.83-0.01Yen90.73-0.34Oil$66.22+$1.1510-Year2.936%+0.046T-Bond144.50-0.4375Dow24657.80-0.17%Nasdaq7781.51+0.72%S&P2767.32+0.17%  The Metals: Gold dipped $4.20 to $1271.30 in London before it bounced back to $1276.20 in morning New York trade,...Read More

Weaker Asian currencies have resulted in gold and silver prices not falling by much. As long as the physical gold price in India does not fall below Rs.30500 per ten grams for 22carat purity, downside risk will be limited. I do not foresee the physical gold price falling below Rs.30500 per ten grams for 22carat purity till Diwali. The Indian rupee has to gain against the US dollar significantly...Read More

* German Bund yield off 2-1/2 week lows* World risk appetite pick up* Draghi, Powell, Kuroda to speak at Sintra forum* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Updates throughout)By Dhara RanasingheLONDON, June 20 (Reuters) - German bond yields pulled back from 2-1/2 week lows on Wednesday as world stock markets put aside trade war fears and rallied, taking the shine off safe-have...Read More

Comcast and Disney are battling over Fox assetsShares of Walt Disney Co (NYSE:DIS) are up 1.4% at $107.62 in early trading, after the company announced its revised bid for Twenty-First Century Fox (FOXA) assets. Disney sweetened its offer to compete with Comcast (CMCSA), and Fox said it will postpone today's scheduled special meeting of stockholders to evaluate the new bid. Disney stock started J...Read More

Hi everyone,Hope the day went well for you.Tomorrow,the big three central bank heads,will open their mouths and potentially cause havoc!I am on record with my recommendations for how central bank chair persons should be treated when entering office. heres the short form;I think they should be bound and gagged for the duration of their tenure.And be kept away from the public eye completely.The posi...Read More

The index just wrapped up its longest downturn since early 2017The Dow Jones Industrial Average (DJI) on Tuesday extended its losing streak to a sixth session, marking the longest since March 2017. Prior to that, you'd have to go back to November 2016, to just before the U.S. presidential election, for a similar streak. Further, the index surrendered 2.46% during this recent stretch, for its worst...Read More

Analysts were surprised by Starbucks' lackluster same-store sales growthStarbucks Corporation (NASDAQ:SBUX) shares are sharply lower this morning, down 5.6% to trade at $54.22, after the coffee giant reported, to the surprise of analysts, lower-than-anticipated third-quarter same-store sales outlook, while also announcing it would be closing 150 U.S. stores next fiscal year. In response, Morgan S...Read More

WBA will replace GE in the DJI ahead of next Tuesday's openFollowing recent headlines that Twitter (TWTR) joined the S&P 500 Index (SPX), news hit last night that Walgreens Boots Alliance Inc (NASDAQ:WBA) will replace General Electric Company (NYSE:GE) on the Dow Jones Industrial Average (DJI) ahead of the open next Tuesday, June 26 -- ending the latter's 110-year run as a member of the 30-stock i...Read More

Most of Wall Street is still bullish on INTC sharesBlue chip Intel Corporation (NASDAQ:INTC) is trading higher today, rising 0.4% to $53.16 so far, even though it's again being hit with negative analyst attention. For starters, Cowen just trimmed its price target to $54 from $55. But the more noteworthy attention likely came from Morgan Stanley, which believes chip rival Advanced Micro Devices (A...Read More

Just a quick update on a few of the GLD charts we’ve been following closely. Below is the daily line chat which shows the breakout from the blue triangle that formed as the backtest to the larger 5 point bearish falling wedge reversal pattern. The bulls tried as hard as they could but they couldn’t take out the bottom rail of the falling wedge reversal pattern. Friday’s decline w...Read More

(Reuters) - General Electric Co has lost its spot in the Dow Jones Industrial Average after over a century in the blue chip stock index, a new blow to a company that once towered over the American business landscape but is now struggling to retain its standing as an industrial powerhouse.S&P Dow Jones Indices said on Tuesday that GE (GE.N), an original member of the Dow when it was formed by C...Read More

The U.S. dollar has jumped to its strongest level in nearly a year, raising questions about how a strong greenback could act as a drag on debt and oil demand in much of the world.The U.S. Federal Reserve announced another rate hike a few days ago, which helped edge up the dollar to a new high for the year. The greenback has “a little room to run,” Kathy Jones, a New York-based chief fi...Read More

Ferro-chrome prices cif China have risen over the past two weeks, underpinned by uncertain electricity supply at the country's main exporter, which could lead to higher production costs, as well as tightening domestic supply. Metal Bulletin calculated the charge chrome index cif China at $0.97 per Ib on Friday June 15, up 4 cents week on week and following another 4 cent increase the week pri...Read More

Disney sweetened its buyout bid for Fox assetsFutures on the Dow Jones Industrial Average (DJI) are pointed higher for the first time this week, as trade tensions between the U.S. and China take a back seat to equity moves. This morning, Disney (DIS) upped its bid for Twenty-First Century Fox (FOXA) assets to $71.3 billion in cash and stock, topping Comcast's $65 billion all-cash offer. Fox shares...Read More

It's the end of an era for the blue-chip indexSpeculation about how much longer General Electric Company (NYSE:GE) could remain part of the Dow Jones Industrial Average (DJI) has been swirling for months, and now it's official: GE will soon be replaced by pharmacy concern Walgreens Boots Alliance (NASDAQ:WBA). GE has been a Dow component on and off since the blue-chip index's conception in the lat...Read More

Six stocks have been added to the SPX so far this monthFive stocks have recently been added to the S&P 500 Index (SPX), including social media giant Twitter (TWTR). Stocks tend to get a boost when it's announced they'll be added, probably due to a combination of increased notoriety, more brokerage coverage, and buying from passively managed funds. This sparked my interest about how stocks tend to...Read More

 CloseGain/LossGold $1269.50-$6.00Silver$16.30UNCHXAU81.25-0.52%HUI175.44-0.80%GDM611.50-0.75%JSE Gold1075.67+3.70USD95.09+0.05Euro115.83-0.01Yen90.73-0.34Oil$66.22+$1.1510-Year2.936%+0.046T-Bond144.50-0.4375Dow24657.80-0.17%Nasdaq7781.51+0.72%S&P2767.32+0.17%  The Metals: Gold dipped $4.20 to $1271.30 in London before it bounced back to $1276.20 in morning New York trade,...Read More

 CloseGain/LossGold $1269.50-$6.00Silver$16.30UNCHXAU81.25-0.52%HUI175.44-0.80%GDM611.50-0.75%JSE Gold1075.67+3.70USD95.09+0.05Euro115.83-0.01Yen90.73-0.34Oil$66.22+$1.1510-Year2.936%+0.046T-Bond144.50-0.4375Dow24657.80-0.17%Nasdaq7781.51+0.72%S&P2767.32+0.17%  The Metals: Gold dipped $4.20 to $1271.30 in London before it bounced back to $1276.20 in morning New York trade,...Read More

By Ira EpsteinGold still weak.https://www.iraepstein.com/ Read More