U.S. benchmarks are steady this morning and the S&P is within 1% of its all-time high. Our outright Bullish stance has paid off, but key technical resistance sits overhead (discussed in the ‘Technical’ section below). The Nasdaq is also within 1% of its record high and both levels should be watched closely, we have called […]
Daily markets morning round-up: E-mini S&P, gold & crude Read More »
Fears of a full-blown trade war between the world’s two biggest economies are set to intensify after the Trump Administration announced another round of tariffs on Chinese products on Tuesday. In a move that is likely to cause the further deterioration of US-China trade relations, the United States will begin imposing 25% tariffs on $16
Trump escalates trade war, Pound dips while Bitcoin sinks Read More »
While the market starts to come to grips with the new sanctions on Iran and a larger than expected crude draw, as reported by the American Petroleum Institute (API), what should concern them is that U.S. crude oil production is not quite what it was fracked up to be. …read more From:: Resource Investor
Crude: It’s not all its fracked up to be Read More »
Al Brooks provides bar-by-bar analysis on a five-minute chart of the previous day’s prices action in the E-mini S&P 500. This is his analysis for Tuesday, Aug. 7, 2018. …read more From:: Resource Investor
Daily Price Action: E-mini S&P 500 Read More »
By Reuters JERUSALEM, Aug 8 (Reuters) – A gold earring believed to date back more than 2000 years has been unearthed near the site of the ancient Jewish temples in Jerusalem, in what Israeli archaeologists called rare evidence of Hellenistic influence. An employee of Israel’s Antiquities Authority holds a gold earring believed to date back
Discovery of an ancient gold earring echoes of Greek rule over Jerusalem Read More »
By Nomi Prins This post Buybacks Will Keep the Bull Running appeared first on Daily Reckoning. In the Fed’s July report to Congress, Jerome Powell unleashed what was likely the most important statement to the Trump administration. Powell said that interest rate hikes, which had been forecast to include two more hikes this year, would
Buybacks Will Keep the Bull Running Read More »
By Cory댊 The Relationship between Gold and Gold Stocks With GDX breaking down over Jordan Roy-Byrne and I discuss the relationship between the actual gold price and gold stocks. While these two are related the price moves can be very different at times. Jordan also shares some of the levels he is watching for both.
Jordan Roy-Byrne – Techncial Commentary – Wed 8 Aug, 2018 Read More »
By Brian Maher This post How Trade War Can Actually Boost the Stock Market appeared first on Daily Reckoning. Round and round it goes, and where it stops, nobody knows… China announced plans yesterday to impose 25% tariffs on an additional $16 billion worth of U.S. products. The imposts enter effect on Aug. 23 —
How Trade War Can Actually Boost the Stock Market Read More »
By Scott Tibballs Altiplano Metals Inc. (TSXV:APN) has reported on progress at the historic Farellon copper-gold mine near La Serena, Chile. CEO of Altiplano, John Williamson said: “Our in-country team continues to advance exploration at Farellon with the goal of developing a long term plan. As new observations and data have become available, we have
Altiplano Pursues Wider High Grade Zones at Farellon Read More »
By Michael Allan McCrae Glencore credited China’s clamp down on mills and smelters with boosting its bottom line in its 2018 H1 released today. The diversified commodity giant adjusted H1 EBITDA for its metal and minerals division was $6.0 billion, 28% higher than the same period a year ago. Glencore’s energy division was up 19%
Glencore credits China’s ‘Blue Skies’ program for strong H1 Read More »
