Recent News

Buy, sell or hold: Ten ways to trade the U.S. election

November 05, 2018 / www.kitco.com

NEW YORK (Reuters) - Buy the dollar but sell FAANGs, buy real estate and machinery, but sell the overall market. Or, do nothing at all.Investors heading into Tuesday’s U.S. congressional elections are trying to fathom how best to predict the outcome and profit from it.After two years of wielding no practical political power in Washington, the Democratic Party faces a strong chance of winning...Read More

Tunisia's PM to announce a cabinet reshuffle this week: sources

November 05, 2018 / www.kitco.com

TUNIS (Reuters) - Tunisian Prime Minister Youssef Chahed will announce a partial cabinet reshuffle this week, three sources said on Monday, as he faces mounting pressure over the government’s failure to revive the economy, including from his own party Nidaa Tunis.Chahed will make changes to at least six portfolios, including Tourism, Energy, Health and Transport, one of the sources said, whi...Read More

Goldman says it is ahead of schedule on $5 billion revenue goal

November 05, 2018 / www.kitco.com

(Reuters) - Goldman Sachs Group Inc (GS.N) is ahead of its goal to generate $5 billion in additional annual revenue by 2020, having already achieved half that amount in the first nine months of this year, the Wall Street bank said on Monday.Goldman has made headway on plans to lend more to consumers and big businesses, and improve revenue from trading, investment banking and asset management, acco...Read More

Gold's Next Stop: $1,275

November 05, 2018 / www.kitco.com

Since breaking above $1240, gold has gone back into churning mode. The fact that gold continues to make higher lows and is holding its support levels, we expect it to break out to the upside. The next level we expect to see is $1,275 as gold looks prepared to go into an extended rally. All signs point to gold breaking out, which could create an extended bull market. The metals in general gave held...Read More

Gold's Next Stop: $1,275

November 05, 2018 / www.kitco.com

Since breaking above $1240, gold has gone back into churning mode. The fact that gold continues to make higherlows and is holding its support levels, we expect it to break out to theupside.The next level we expect to seeis $1,275 as gold looks prepared to go into an extended rally. All signs pointto gold breaking out, which could create an extended bull market. The metals ingeneral gave held up we...Read More

Oil steady as U.S. sanctions on Iran begin, Tehran defiant

November 05, 2018 / www.kitco.com

LONDON (Reuters) - Oil prices steadied on Monday as U.S. sanctions against Iran’s fuel exports began but were softened by waivers allowing major buyers to import Iranian crude for a while, as Tehran said it would defy Washington and continue to sell.Brent crude oil LCOc1 was unchanged at $72.83 a barrel by 1230 GMT. U.S. light crude CLc1 was 15 cents lower at $62.99.Both oil benchmarks have...Read More

Analysts Bet on Extended Rally for Under Armour Stock

November 05, 2018 / www.schaeffersresearch.com

UAA could take out its June highs todayThe shares of Under Armour Inc (NYSE:UAA) are coming off a huge week that saw them jump 31.8% thanks to a top- and bottom-line beat for the third quarter. UAA stock closed the week at $23.70, its highest settlement since late-June, putting it within striking distance of its June 7 52-week high of $24.69. The security is set to gain again this morning, up 2.5%...Read More

Stock Futures Dip As Election Day Looms

November 05, 2018 / www.schaeffersresearch.com

Apple is struggling once more out of the gateFutures on the Dow Jones Industrial Average (DJI) are lower to kick off the week, as investors prepare for the midterm elections tomorrow. Traders are also keeping an eye on U.S.-China trade relations, after Chinese President Xi Jinping promised to reduce tariffs for importersand promoted "free trade" at a conference in Shanghai. S&P 500 Index (SPX) a...Read More

Lowe's to shut 51 underperforming stores in U.S., Canada

November 05, 2018 / www.kitco.com

(Reuters) - Lowe’s Companies Inc (LOW.N) is closing 20 underperforming stores in the United States and 31 in Canada as part of a restructuring, the home improvement retailer said on Monday.Lowe’s, which has trailed Home Depot (HD.N) in sales for years, is in the midst of a turnaround under new Chief Executive Officer Marvin Ellison, who has promised to remove slow-selling products and...Read More

Alamos Reports New Mineralization At Island Gold Mine

November 05, 2018 / www.kitco.com

Alamos GoldInc. (TSX, NYSE: AGI) reports that its drilling program has discovered anextension of high-grade mineralization at the Island Gold Mine. In the “main extension,” the new findingsinclude 118.58 grams of gold per tonne over 6.66 meters, 21.50 g/t over 7.80meters, and 31.70 g/t over 3.81 meters. In the “western extension,” discoveriesinclude 78.26 g/t over 2.29 me...Read More

Verizon to reorganize business segments

November 05, 2018 / www.kitco.com

(Reuters) - Verizon Communications Inc said on Monday it will reorganize its business segments into Consumer, Business and Verizon Media Group/Oath to focus on the types of customers it serves.The reorganization under Chief Executive Officer Hans Vestberg, who was named to the top job on Aug. 1, is a shift from the previous operating structure split between wireless and wireline and included the l...Read More

Merkel: CDU wants to continue leading national government with SPD

November 05, 2018 / www.kitco.com

BERLIN, Nov 5 (Reuters) - German Chancellor Angela Merkel said on Monday that her Christian Democrats (CDU) had agreed they would like to continue heading up the federal coalition government with the Social Democrats (SPD) and Bavaria’s Christian Social Union.“I believe that what is important for the SPD - and this is justifiable - is that we, as the CDU, continue to feel committed to...Read More

UPDATE 1-Italian bond yields rise 5-10 bps before euro zone finmin meeting

November 05, 2018 / www.kitco.com

* 10-year Treasuries and Bunds remain pinned to Friday’s highs* Risk appetite improves after more stable equity sessions* Reports of TLTRO extension lead to early dip in core yields* (Updates pricing, recasts to reflect improved market sentiment, adds quote)By Virginia FurnessLONDON, Nov 5 (Reuters) - Italian government bond yields rose 5-10 basis points on Monday before a euro zone finance...Read More

After Alaska's 'Burning Man for salmon', fishermen wary of mine proposal outcome

November 05, 2018 / www.kitco.com

SEATTLE (Thomson Reuters Foundation) - As the commercial fishermen who ply salmon-rich, southwestern Alaska pack away their fishing gear for the winter, many are watching anxiously as a controversial mine proposal moves through the federal permitting process.On Tuesday, Alaskans will vote on an initiative that, if passed, would set stricter regulations for proposed infrastructure projects that aff...Read More

Become a Master of Moving Averages

November 05, 2018 / www.schaeffersresearch.com

How you can transform lagging indicators into leading indicators.For hundreds of years, since the first stock exchange opened its doors, every trader has been looking for an edge... Some way to predict what will happen next... And hopefully collect a fat "paycheck" at the end of the road.From Bollinger bands to momentum oscillators, technical indicators have been at the forefront of this constant...Read More

Gold, Silver Prices Weaker As Busy Trading Week Looms

November 05, 2018 / www.kitco.com

(Kitco News) - Gold and silver prices are moderately lower in early U.S. trading Monday, as whatwill likely be a very active trading week gets under way. December gold futures were last down $4.30 an ounce at $1,228.90. December Comex silver was last down$0.131 at $14.625 an ounce. Globalstock markets were mixed overnight, with European shares mostly firmer andAsian shares mostly weaker. U.S. sto...Read More

Die ultra-expansive Geldpolitik der #Notenbanken neigt sich in 2018 vorerst zu Ende. Es laufen bereits die Wetten,...

November 05, 2018 / twitter.com

"Die ultra-expansive Geldpolitik der #Notenbanken neigt sich in 2018 vorerst zu Ende. Es laufen bereits die Wetten, wie lange der Markt ohne gro??e Liquidit??tsspritzenRead full newsRead More

Die ultra-expansive Geldpolitik der Notenbanken neigt sich in 2018 vorerst zu Ende. Es laufen bereits die Wetten, w...

November 05, 2018 / twitter.com

"Die ultra-expansive Geldpolitik der Notenbanken neigt sich in 2018 vorerst zu Ende. Es laufen bereits die Wetten, wie lange der Markt ohne gro??e Liquidit??tsspritzenRead full newsRead More

Gold Awaits The Election

November 05, 2018 / www.kitco.com

(Kitco News)- Gold has bounced in a $20 range since the end of October.Discounting the drop on Oct. 31, which webelieve was fund selling to grab some profits for client-statement purposes to offset losses in the equity space, goldhas remained in a very tight range. Good economic numbers on Friday helped tostrengthen the dollar, but gold remained resilient into the weekend. Thetechnical picture rem...Read More

BBH: 'Split Congress Is The Favored Outcome For Markets'

November 05, 2018 / www.kitco.com

Polls suggest Congress may be split after Tuesday’s midterm elections,but then a “split Congress is the favored outcome for markets,” says BrownBrothers Harriman. Analysts note that the popular 538 Website shows Democrats have a sixin seven (85.2%) chance of winning control of the House of Representatives,while Republicans have a five in six (84.2%) chance of keeping the Senate.&...Read More

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