U.S. stocks are poised for a second consecutive session of gains Tuesday as investors piled back into equity markets as lawmakers in the United States urged President Trump to dial-back his trade war rhetoric and reports that North Korea is willing to accept denuclearization if Kim Jong Un's regime can be guaranteed safety. Futures contracts tied to the Dow Jones Industrial Average were mar...Read More
The latest news and price moves to start the Asian day on Wednesday March 7.The three-month copper contract on the London Metal Exchange rebounded to more than $7,000 per tonne for the first time this month at the 5pm close on Tuesday March 6, with the metal undergoing a short-covering rally. Read more in our live futures report.Here are how LME prices looked at Tuesday's close:Comex cop...Read More
The Fed says incessantly that “price stability” is part of their dual mandate and they are committed to maintaining the purchasing power of the dollar. But the Fed has a funny definition of price stability.Common sense says price stability should be zero inflation and zero deflation. A dollar five years from now should have the same purchasing power as a dollar today. Of course, this p...Read More
Is Trump backing down on tariffs?His proposal sent the Dow Jones 420 points lower last Thursday.This weekend, the president pledged he's "not backing down."How did markets react yesterday?As if Trump will back down - or at least back off.The Dow ended the day 337 points higher.The S&P gained 30 points; the Nasdaq, 73.Among the day's biggest winners were Boeing, Harley-Davidson and Caterpillar....Read More
It sounds like a bad science fiction movie.Somewhere, in the near future, all citizens will be stamped with unique 12-digit numbers.The numbers, assigned by the government and major financial powers, are for the sole purpose of tracking the citizens like bar-coded products.Throughout their lives, new information is entered into a universal database that hooks into these numbers - giving the ruling...Read More
Cronos Group, one of Canada's largest medical marijuana companies, began trading last Tuesday on the Nasdaq.This marks the first time ever a pot company's stock is as easy to buy as Coca-Cola, GE or Apple.“We’re the only pure-play marijuana company” on a U.S. exchange, says Cronos CEO Mike Gorenstein in a CNN report.And a Nasdaq listing should quell any fears of legal implication...Read More
Rolling Stone journalist and Griftopia author Matt Taibbi famously called Goldman Sachs a "great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money."But what if this generation's biggest blood-sucker isn't Wall Street's evil banks, but the world's most prolific e-commerce company?Look no further than everyone's favorite nex...Read More
"Frankly, the United States is under attack."That's Director of national intelligence Dan Coats' assessment to the Senate Intelligence Committee last month.According to Coats, we're under threat of cyberattack from not just Russia and China, but Iran and North Korea, too.Russia wants to subvert our democracy and undermine our society. A weak and divided opponent is easier to deal with.China's not...Read More
A great trading market in 2017, and so far in 2018, and the equities are more volatile than the bullion.Leveraged ETN products are intraday trading products.NUGT and JNUG for the rallies.DUST and JDST for the dips.Use the profits to load up on bullion.Gold and the dollar have been like frick and frack over recent months as the prices of the currency and the metal have been moving in opposite direc...Read More
Global risk escalates once again as geopolitical concerns reemerge.The threat of a global trade war could derail the positive global growth outlook for 2018.The outcome of the Italian elections will create renewed policy tension between Rome and Brussels.Gold and gold equities continue to play a vital part of any portfolio, serving as a form of portfolio insurance.Downside risks to gold from risin...Read More
Bitcoin is often compared to gold, and for good reason.Gold and Bitcoin share many similar properties, but where gold lacks, Bitcoin seems to excel.Wait, that's not all, there's more good news.If Bitcoin becomes the "new gold" its price could go a lot higher.Source: CoinSpeaker.com Bitcoin: The New Gold Bitcoin (COIN), (OTCQX:GBTC) is often compared to gold, some people even refe...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Will PurcellThe diamond and specialty minerals stocks box score for Tuesday was an 82-82-126 draw. The TSX Venture Exchange gained four points to 843 while rough diamond prices inched higher. Matt Manson's Stornoway Diamond Corp. (SWY), $1.34 in the fall of 2016...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterNew York spot gold gained $14.40 to $1,334.20 on Tuesday. The TSX Venture Exchange gained 4.38 points to 843.57 while the TSX Gold Index rose 2.08 points to 185.84. McEwen Mining Inc. (MUX) helped lead Canadian gold miners higher today...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterThe TSX Venture Exchange gained 4.38 points to 843.57 Tuesday. Valery Vavilov's Hut 8 Mining Corp. (HUT) has completed its qualifying transaction, opening at $4.70 and closing at $4 on 2.78 million shares. It went public through Richar...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Mike CaswellNew York prosecutors say that they will not be seeking the eight to 10 years in jail that sentencing guidelines specify for Kenneth Wise, a "highly malleable" 77-year-old man who participated in an $11-million manipulation run by Vancouver-linked frau...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Will PurcellThe diamond and specialty minerals stocks box score for Monday was a positive 92-84-114. The TSX Venture Exchange gained 13 points to 839 while rough diamond prices were flat. Ken MacNeill and George Read's Star Diamond Corp. (DIAM) poked above the 20...Read More
Investing.com - Gold prices edged higher on Tuesday, as sentiment on the greenback remained vulnerable amid uncertainty surrounding U.S. tariffs on steel and aluminum imports as well as elections in Italy.Comex gold futures were up 0.20% at $1,322.5 a troy ounce by 02:40 a.m. ET (06:40 GMT).Investors were cautious as U.S. President Donald Trump faced growing pressure to pull back from proposed ste...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business Reporter West Texas Intermediate crude for April delivery gained $1.32 to $62.57 on the New York Merc, while Brent for May gained $1.17 to $65.54 (all figures in this para U.S.). Western Canadian Select traded at a discount of $24.30 to WTI ($...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterNew York spot gold lost $2.80 to $1,319.80 on Monday. The TSX Venture Exchange gained 13.17 points to 839.19 while the TSX Gold Index rose 2.35 points to 183.76. Eldorado Gold Corp. (ELD), above $10 two years ago but just $1.35 last we...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterThe TSX Venture Exchange climbed 13.17 points to 839.19 Monday. Thomas O'Neill's first capital pool shell, Nubeva Technologies Ltd. (NBVA), has completed its qualifying transaction and will begin trading this week. Mr. O'Neill listed t...Read More