Jim Cramer Calls Amazon Prime A “Makeshift Holiday,” Not Helping Stock Price
Despite all the fanfare behind Amazon’s annual sales event, its stock price is not moving higher, a trend seen since 2015 when the event was first launched.
Without Regulation Bitcoin Will ‘Run Amok’ — CEO Of Chinese Bitcoin Exchange BTCC
As cryptocurrencies are continuing to see a surge in popularity, they will need to face regulations or their massive price swings will cause havoc, this according to a CEO of a major Chinese bitcoin exchange.
Read moreTrump Emails, Washington Political Turmoil Sending Gold Higher
(Kitco News) – Ongoing political turmoil in Washington D.C. highlights gold’s safe-haven demand with prices spiking after the release of emails from Donald Trump Jr. that Russia wanted to support Trump’s presidential campaign.
Gold Push Off Lows; The Calm Before The Storm?
(Kitco News) – Gold and silver prices were ending the U.S. day session slightly higher Tuesday. There were no major markets news events occurring today to move the precious metals markets. August Comex gold was last up $1.50 an ounce at $1,214.80. Sep…
Read moreABN AMRO Reverses Bullish Gold Outlook, Slashes Year-End Level To $1,210
The bears are back as a hawkish Federal Reserve is putting significant pressure on gold prices, with one international bank lowering its year-end gold forecast from $1,300 to $1,210, citing higher U.S. real yields.
Read moreMillennials Take Note: Gold Can Provide Long-Term Value
(Kitco News) – While gold could struggle further in the near term as the markets adjust to a rise in real interest rates, one strategist remains optimistic that the precious metal can still do well since there are few options for investors left in an …
Read moreOne Gold Bug’s Line In The Sand
Recent selling pressure has one gold bug worried, but not enough to get out of the market just yet.
Read moreUBS: Real Yields Pressure Gold; Bank Still Upbeat Long Term
The decline in gold is largely the result of rising real yields, says UBS, which nevertheless maintains its upbeat view on the metal for the longer term.
Read morePremier Expects 45,000 Gold Ounces From South Arturo Mine In 2017
Premier Gold Mines Ltd. (TSX: PG) reports that mining at the South Arturo mine in Nevada has been extended early into the third quarter in order to maximize production from the Phase 2 pit.
Read moreGold Remains Week, Market Struggles To Catch A Bid
(Kitco News) – Gold prices are modestly down in early U.S. trading Tuesday. The bulls desperately need some fresh supportive news to drive some trader and investor buying interest back into the safe-haven metal. August Comex gold was last down $2.10 an…
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