Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort192,490214,31248,629169,371160,496410,490423,437Change from Prior Reporting Period -4503,724-3,2681,467-328-2,251128Traders177100825449266197 Small Speculators (C) GoldSeek.com LongShortOpen Interest 49,28636,339459,776 1,748-631-503 non reportable positionsChange from the pre...Read More
Here is our Friday digest of the important news, commentary, charts and videos we were informed by this week.We released our latest short video update in which we explored whether the global property bubble was beginning to burst?Positive developments in the gold market included a surge in demand for gold and silver bullion coins 'Down Under' with our friends at the Perth Mint of Western Austral...Read More
"1933 Industries (@1933Industries) (#CSE: $TGIF // #OTCQB: $TGIFF) begins sales in Colorado, launches new product line; licensing deal with Denver Dab [https://t.co/iwzdZ7PG7F ...]#cannabis #marijuana #THC #CBD #marijuananews #Marijuanastocks"Read full newsRead More
"@GlobalProTrader @TheArmenianDad While there's no absolutes in markets, only odds,the long term charts suggestmajor breakout is occurring on the long term charts & the big push we just witnessed is that trend line breakout.Don't stand in front of freight trains, ride them."Read full newsRead More
Interesting activity is afoot in the financial markets as a reaction to the release of the Labor Department's jobs report numbers for September. According to the Labor Department, there were 134,000 jobs added in September. This was well below economic estimates which were looking for 185,000 jobs to be added last month. The Labor Department also upwardly revised jobs created in July and August. T...Read More
Interesting activity is afoot in the financial markets as a reaction to the release of the Labor Department's jobs report numbers for September. According to the Labor Department, there were 134,000 jobs added in September. This was well below economic estimates which were looking for 185,000 jobs to be added last month. The Labor Department also upwardly revised jobs created in July and August. T...Read More
"Investors fasten your seat belt for next week's major Cannabis IPORead full newsRead More
The Dow spiraled as unemployment hit a 49-year lowU.S. stocks took a massive hit in today's trading, despite a generally upbeat nonfarm payrolls report for September. While the headline increase in jobs was smaller than forecast, the unemployment rate fell to its lowest level since 1969. Investors viewed the report as giving the Fed the "all-clear" to continue hiking rates, and bond yields surged....Read More
"The gold price is down year-to-date in 2018, and for Chris Mancini, an analyst at the Gabelli Gold Fund, what happens for the rest of the year depends on the dollar. https://t.co/B78IVeCOp3 #Resource #Investing #Gold"Read full newsRead More
WASHINGTON (Reuters) - U.S. Commerce Secretary Wilbur Ross said on Friday that wage increases are a likely outcome of the current contract talks between U.S. steel companies and the United Steelworkers union, and said that they would be a bellwether for the broader U.S. labor market.“In many ways the current negotiations between the steel companies and the USWA (United Steelworkers) probably...Read More
ABU DHABI (Reuters) - Saudi Arabia’s Crown Prince Mohammed bin Salman dismissed remarks by Donald Trump in which the U.S. president said he had warned the king he would not last in power “for two weeks” without U.S. military backing and demanded he pay up.“I love working with him. You know, you have to accept that any friend will say good things and bad things,” Princ...Read More
Blue chips outperformed tech stocks this weekBlue chips started the week strong, with industrial stocks Boeing (BA) and Caterpillar (CAT) racing higher on news of the United States-Mexico-Canada Agreement (USMCA) trade deal -- effectively replacing the North American Free Trade Agreement (NAFTA). While the Dow carved out a new record high on Wednesday, the S&P 500 Index (SPX) came within a chip-sh...Read More
LONDON (Reuters) - Several member states have called for the head of the European Bank for Reconstruction and Development to be investigated over claims the lender inappropriately gathered personal information on some of its directors, according to a document seen by Reuters.The May 29 complaint against EBRD President Suma Chakrabarti was made by several board members, who represent some of the ba...Read More
NEW YORK (Reuters) - The U.S. dollar weakened on Friday after data for September showed jobs gains that fell short of expectations while wages increases slowed on an annualized basis during the month, easing concerns about a large run-up in inflation.Nonfarm payrolls increased by 134,000 jobs last month, the fewest in a year, though data for July and August was revised to show 87,000 more jobs add...Read More
Well that re-escalated quickly...Read full newsRead More
NEW YORK, Oct 5 (Reuters) - S&P 500 companies will increase cash spending by 13 percent to $3 trillion in 2019, with buybacks again expected to represent their largest use of cash, according to Goldman Sachs.Of the estimated cash spending in 2019, S&P 500 companies will allocate 51 percent to invest in growth, including capital expenditures, research and development and cash acquisitions,...Read More
LONDON/SAN FRANCISCO (Reuters) - Britain’s national cyber security agency said on Friday it had no reason to doubt the assessments made by Apple Inc and Amazon.com Inc challenging a Bloomberg report that their systems contained malicious computer chips inserted by Chinese intelligence services.Bloomberg Businessweek on Thursday cited 17 unnamed intelligence and company sources as saying that...Read More
(Reuters) - U.S. stocks tumbled on Friday, weighed down by rising Treasury yields after data showed job growth slowed in September, while wage increases were not enough to fan worries over rising inflation or faster interest rates hikes.The losses were led by heavyweight stocks in the technology and communication services sectors, including the so-called FAANG group - Facebook (FB.O), Amazon (AMZN...Read More
David Einhorn's Greenlight Capital closed out of two big namesRising bond yields are weighing on stocks, erasing the Dow's weekly gains in the process. Three notable stocks trading lower are social media concern Twitter Inc (NYSE:TWTR), electric automaker Tesla Inc (NASDAQ:TSLA), and iPhone maker Apple Inc. (NASDAQ:AAPL). Here's what's moving shares of TWTR, TSLA, and AAPL. Greenlight Capital Clos...Read More
The shares are flashing a historically bearish technical signalA slew of financial firms are set to kick off earnings season next week, and Morgan Stanley (NYSE:MS) is set to report the following week -- on Tuesday, Oct. 16, specifically. Below, we'll take a look at what the options market is pricing in for MS stock after earnings -- and why the shares could be set to extend their slump on the cha...Read More