Three weeks after Argentina managed to stem a rout in its currency, and just as talks with the International Monetary Fund seem poised to bear fruit, some of Wall Street’s largest banks are weighing in with grim forecasts of more pain to come.
Goldman Sachs Group Inc. cut its forecast for the peso, saying the embattled currency will slide another 13 percent this year even after losing....More>>>
U.S. equities finished lower in relatively quiet trading on Wednesday. Big picture: Stocks continue in their listless, ultra-tight, two-month consolidation range. But on a purely technical basis, something major did occur: The Dow Jones Industrial Average closed below its 50-day moving average, a key technical support level for the first time since November.
The catalyst for the decline....More>>>
Crude oil prices have nearly reached $70 a barrel this year, and tensions in the Middle East coupled with a resurgence of U.S. and Canadian shale production could move that price to $80 soon. Many consumers may have trouble with the rise in gasoline and heating oil costs that come with such a high price. So will companies that rely on oil, gas and oil by-products.
Oil prices have not been....More>>>
Starbucks Chairman and CEO Howard Schultz speaks at the Annual Meeting of Shareholders in Seattle, Washington on March 22, 2017. (Photo credit: JASON REDMOND/AFP/Getty Images)
Starbucks chairman and former CEO Howard Schultz has never been one to hold back on giving his opinion about the state of the country. On Thursday, speaking at the DealBook conference in New York City, Schultz....More>>>
U.S. equities finished mostly higher on Wednesday, with large caps stronger and small caps weaker, following the Federal Reserve’s latest policy announcement.
In the end, the Dow Jones Industrial Average gained 0.5%, the S&P 500 gained a fraction, the Nasdaq Composite gained 0.2% and the Russell 2000 lost 0.6%. Treasury bonds were stronger, the dollar weakened notably, gold lost....More>>>
While gold waits for a fresh catalyst to find direction, silver’s already made a move.
The price of silver is up 3.4% in the past week, while gold has trended sideways. The Fed’s FOMC meeting this week is what silver investors are watching now.
There are strong odds the Fed will announce a rate hike this week. The market is interpreting....More>>>
Dynamic Technology Lab Private Ltd acquired a new stake in Alamos Gold Inc (NYSE:AGI) (TSE:AGI) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 23,543 shares of the basic materials company’s stock, valued at approximately $123,000.
Several other institutional investors have also bought and sold shares of....More>>>
Coal has been knocked down. But it’s not out by a long shot.
Even though black gold has been in steep decline, it’s still the most-used electricity generation source in 18 US states, according to government statistics published this week.
Not even natural gas, a rapidly growing and cleaner burning fuel, leads in that many states. The numbers underscore how large pockets....More>>>
Northland Securities restated their corporate rating on shares of W Resources (LON:WRES) in a research note issued to investors on Wednesday.
Shares of LON WRES opened at GBX 0.43 ($0.01) on Wednesday. W Resources has a 52 week low of GBX 0.25 ($0.00) and a 52 week high of GBX 0.72 ($0.01).
W Resources Company Profile
W Resources Plc engages in the exploration and development....More>>>
"Are we there yet?" I've heard this question about gold stocks so often, you'd think we were on a road trip to Grandma's house. For the past year, the answer has been a resounding "NO." Now – finally – the answer is, "We're getting close." Let me explain why the outlook for gold stocks is finally changing…....More>>>
While major U.S. indices closed near flat today, we saw gold prices fall and steep declines in volatility and bonds. It was interesting behavior for these safe-haven and market measurement securities to tumble in such a fashion. Let’s lead off with that in our top stock trades.
Hot Gold Stocks To Buy For 2019: CME Group Inc.(CME)
Source: ThinkstockMay 8, 2018: The S&P 500 closed flat at 2,671.94. The DJIA closed flat at 24,360.31. Separately, the Nasdaq was flat at 7,266.90.
Tuesday was a rough day for the broad U.S. markets, although everything closed relatively flat. Crude oil again touched above $70 but ultimately fell off by the close. The S&P 500 sectors were mostly negative. The most positive sectors....More>>>
Bob Doll Explains How Stocks Could Be Derailed
Mercer Bullard: Think DOL’s Fiduciary Rule Is Too Strict? Blame SEC
Gundlach Sounds Fed Alarm, Warns of Selloff Near Inauguration Day
First JPMorgan Chase. Then Goldman Sachs. Now, Wells Fargo wants to charge into the biggest asset management battleground, exchange-traded funds.
The San Francisco-based bank’s fund....More>>>
Bitcoin prices have skyrocketed 1,700% so far in 2017, reaching their all-time high of $20,089 a coin. The coin’s dramatic price surge has some members of the crypto world concerned over a potential Bitcoin crash…
But Money Morning readers don’t have to worry. If a Bitcoin crash is on the horizon, we know exactly where to look to protect your portfolio: gold.
September 20, 2016: Markets opened higher Tuesday as no sector was showing big gains but healthcare stocks the clear leader. Traders and investors are likely trying to position themselves for the markets’ reactions to Wednesday’s announcements from the Fed and the Bank of Japan. WTI crude oil for October delivery settled at $43.44 a barrel, up 0.3% for the day. December gold closed up....More>>>