Without a doubt, 2016 has been a volatile year for gold prices. It’s been a year of erratic trading in the gold market, to say the least. After surging more than 25% during the first half of the calendar year, the year-to-date gains for the yellow metal have dwindled to just over 6%. After this […]
Remember those hats, t-shirts, and other apparel that suggested various targets for the Dow Jones Industrial Average? As the Dow Industrials index approaches 20,000 for the first time ever, it’s amusing to take a look at the irony inherent in the stock market exuberance that these targets embody.
The massive German lender Deutsche Bank (DB) has been struggling mightily this year, watching its stock price crater roughly 30% year-to-date. (In fact, DB has lost more than 50% of its value in the past five years.) The company has been plagued by one round of bad news after another in 2016, drawing negative attention […]
It is often the case in the financial markets that investors and traders attempt to jump into a successful trade only to find they are too late to reap most of the gains. When the “hot money” (trades that are merely following a trend) flows into any particular bet on Wall St, the “smart money” […]
Even as our world continues to appear more uncertain and less safe each day, there is plenty for Americans to be thankful for this Thanksgiving holiday. This is particularly true for gold buyers this holiday season!
Many finance experts and market analysts have been scratching their heads in the days following the U.S. presidential election. As quickly as gold prices rose, they fell even further than where they started the week. Rather than marching toward $1,400/oz as many had predicted, gold is now threatening to fall to $1,200/oz. Why? One explanation […]
After more than a year of tireless campaigning and unprecedented invective, this election cycle has finally come to a close. While many voters are relieved to have the vitriol and controversy behind them, the financial markets have not taken kindly to the lack of clarity that a transition to a Trump administration in the White […]
A number of articles have appeared recently, proclaiming that the present economic expansion is “too old” to survive, and will soon die. However, the data since WWII shows that expansions don’t die of old age, they’re murdered. So, if economic expansions die of unnatural causes, who are the prime murder suspects?
Since the beginning of July, the U.S. stock market has been abnormally calm. Especially given the various troubling signs in the global economy, as well as the seemingly constant twists and turns of the presidential election, a lack of volatility of Wall St comes as a fairly surprising development.
In a move that has certainly grabbed the headlines, General Electric (GE) has agreed to combine its energy division with the oilfield services firm Baker Hughes (BHI). The merger creates the second-largest oil and gas company in the world.
Morgan Stanley is the newest addition to the LBMA Silver Price, previously known simply as the London silver fix.
Besides this past year’s megadeal between beer companies SABMiller (SAB) and AB InBev (BUD), activity in mergers and acquisitions (M&A) have been slow of late. Yet today the financial news media is abuzz with the announced merger deal agreed to by global giants AT&T (T) and Time Warner (TWX), reportedly one of the most valuable […]
In the time since the U.S. “recovery” from the financial crisis began, it’s been difficult to be a bear on Wall St. In defiance of a bevy of indicators that the equities market was primed to lose its footing, stocks have basically been on a perpetual climb for eight years. The long-awaited correction appeared to […]
Encouraging manufacturing data in the U.S. released last week are currently weighing on the gold price while helping lift the dollar. It’s an open question, however, if this trend continues through the end of the year.
Each week, the commitment of traders (COT) report gives a snapshot of activity in the futures markets. When it comes to gold, the COT unsurprisingly showed a huge drop in the speculative long positions on gold as prices fell more than $60 per ounce on the week. Although this may seem like a devastating blow […]
There are once again more warning signs that the economy could dip back into a recession soon. For years during the “recovery,” growth has been steady but very slow, creating greater downward risks if any one piece of puzzle falters.
Federal Reserve regional presidents are hitting the talk circuit, pushing an idea that was unthinkable until now: raising benchmark interest rates only days before November’s Presidential election. Who are these ultra-hawks, and how much support do they have within the Fed?
Between the advent of lightning-fast trading algorithms and the increasing use of cryptocurrencies and blockchain technologies like Bitcoin, what the future will look like for the financial markets is in serious doubt.
Volatility is creeping its way back into global trade. The swings up and down were very subdued these past few months, reaching their lowest levels in about two years. While this is typically the cause during the slow summer months, when many traders are away on vacation, the return of volatility should certainly factor into […]
For those analysts who have a sense of perspective about cycles in the markets, we appear to be living in very strange economic times, indeed. There will always be pundits on each side of the argument, the pessimistic bears and the optimistic bulls. (It’s worth stating that if someone’s hedge fund is long or short, […]