Renewed safe-haven demand on the back of a weaker U.S. dollar has helped boost gold's technical momentum and some analysts see the potential for higher prices in the near-term. According to some analysts, gold's newfound momentum has helped the gold market break bearish technical as the price action was forming a short-term head and shoulders pattern. Officially the pattern isn't broken until pr...Read More
Home Prices Hit Records in Almost Two-Thirds of U.S. CitiesBy Prashant Gopal@mrgopalMore stories by Prashant GopalRead More
Home Prices Hit Records in Almost Two-Thirds of U.S. CitiesBy Prashant Gopal@mrgopalMore stories by Prashant GopalRead More
Here Are 5 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average, S&P 500 and Nasdaq posted their fourth straight day of gains.The Dow has added more than 1,000 points from Friday to Wednesday.Big gainers on Wednesday included Chipotle Mexican Grill, Fossil Group and Nektar Therapeutics.The Consumer Price Index rose 0.5% in January, the strongest monthly increa...Read More
Sheahan Diamond Literature Reference CompilationThe Sheahan Diamond Literature Reference Compilation is compiled by Patricia Sheahan who publishes on a monthly basis a list of new scientific articles related to diamonds as well as media coverage and corporate announcements called the Sheahan Diamond Literature Service that is distributed as a free pdf to a list of followers. Pat has kindly agreed...Read More
The latest news and price moves to start the Asian day on Thursday February 15.Base metals prices on the London Metal Exchange took advantage of the weakening dollar to close higher almost across the board on Wednesday February 14, with nickel leading the charge to a fresh 2018 high. Read more in our live futures report.Here are how LME prices looked at Wednesday's close:Molybdic oxide and ferro-m...Read More
Mining and metals investors were piling into the sector's big names on Wednesday as gold jumped, base metals prices surged and iron ore continued to rally on optimism about global demand for raw materials ahead of a holiday week in top consumer China.Gold enjoyed its best trading since the Brexit vote in June 2016 on Wednesday. Copper bounced to above the $7,000 a tonne ($3.24 per pound) level...Read More
The latest news and price moves to start the Asian day on Thursday February 15.Base metals prices on the London Metal Exchange took advantage of the weakening dollar to close higher almost across the board on Wednesday February 14, with nickel leading the charge to a fresh 2018 high. Read more in our live futures report.Here are how LME prices looked at Wednesday's close:Molybdic oxide and ferro-m...Read More
Remember the days (about six months ago) when bitcoin was going to revolutionize banking and disintermediate the mean nasty "banksters?"Well, a funny thing happened on the way to the revolution. Bitcoin itself has hit an air pocket with a 50% price drop since December. Meanwhile, the banks that were supposed to be so dramatically disrupted by bitcoin are taking over the blockchain.This is not surp...Read More
With everything that's been happening with the stock market lately, people have forgotten about last year's biggest investment story:Bitcoin.After briefly topping off around $20,000 in December, today it's trading around $9,000.A lot of bad news has come to the bitcoin ecosphere. China, for example, recently ordered its banks to stop providing financial services for any cryptocurrency-related tran...Read More
Imagine...A pack of robot dogs, each the size of a Doberman, roaming through cities and towns, communicating wirelessly, navigating any obstacles in their path. Even opening closed doors with ease.Scary right?But this isn’t an idea for a new Hollywood blockbuster.Its real life. Taking place right now in the U.S., at Boston Dynamic's laboratories.Engineer's aptly named the 4-legged robot Spot...Read More
Stocks continue to stabilize following last week's gut-wrenching drop.But there's a much more serious threat coming to light. This threat is more pressing than terrorism or natural disasters, according to the CIA, FBI, and NSA. And it's quietly reigniting a forgotten market trend.The Senate Intelligence Committee declared cybersecurity its most pressing concern at yesterday's annual worldwide thre...Read More
I still remember that guilty feeling in the pit of my stomach... the day I knowingly broke the law.It was my first year working at a hedge fund and I was still just learning the ropes.With a tight schedule (and a limited family budget - none of my bonuses had kicked in yet), I was driving my beat-up Honda Civic to a lunch meeting.Accelerating onto Georgia Highway 400, I suddenly remembered I was o...Read More
Stake in SPDR Gold rises to 3.91 million shares, filing showsHedge fund boosts stake in Newmont, cuts position in BarrickDalio's Bridgewater Boosts Holdings in GoldBillionaire hedge fund manager Ray Dalio boosted his holdings in the two largest gold-backed ETFs last quarter before prices of the metal capped the biggest annual gain in seven years.As of the end of December, Dalio’s Bridg...Read More
Bullion advances for a third day, dollar sags before U.S. dataDalio's Bridgewater added bullion assets in final qtr of 2017AMP's Oliver Sees 4 to 5 Fed Rate Hikes in 2018Gold held gains as the dollar slipped, with investors counting down the hours before key U.S. inflation data that may offer fresh clues on monetary tightening. Adding luster for the metal, filings showed billionaire hedge fund man...Read More
Endeavour Silver plans to increase production and cut costs this year.In my opinion, it can be difficult to meet 2018 production guidance.I believe that the company's shares are fairly valued now; as such, they are simple options on silver/gold prices and nothing more.However, in the long term the company's value depends on the Terronera project.On January 25, 2018, Endeavour Silver (EXK),...Read More
The latest news and price moves to start the Asian day on Thursday February 15.Base metals prices on the London Metal Exchange took advantage of the weakening dollar to close higher almost across the board on Wednesday February 14, with nickel leading the charge to a fresh 2018 high. Read more in our live futures report.Here are how LME prices looked at Wednesday's close:Molybdic oxide and ferro-m...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 CaswellAbida Khan, a California investment adviser who recently received four years in jail for helping Vancouver-linked fraudster Ed Durante, has appealed her sentence and conviction. She has not yet stated her reasons for appealing, but she previously blam...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 March delivery lost 10 cents to $59.19 on the New York Merc, while Brent for April gained 13 cents to $62.72 (all figures in this para U.S.). Western Canadian Select traded at a discount of $22.75 to...Read More
Rosatom and the Ministry of Scientific Research and Technological Innovations of the Republic of Congo have signed a Memorandum of Understanding (MoU) on cooperation in the peaceful uses of nuclear energy.Spassky and Maduka at the signing ceremony in Moscow (Image: Rosatom)The document was signed yesterday in Moscow by the Russian state nuclear corporation's deputy director general for internation...Read More