Why UBS thinks Amazon shares are headed to $2,100

2019-12-19

The headlines are all about President Donald Trump’s impeachment, but the stock markets don’t care. And unless investors begin to think a Republican-controlled Senate will vote to remove him, that attitude won’t change. With just eight trading days left to go in the year, it’s tough to get markets excitedRead More →

U.S. trade deficit in goods widens slightly in August

2019-09-26

Bloomberg A container ship sits in Yokohama, Japan last month. The U.S. and Japan have reached an initial trade agreement this week, according to President Donald Trump. The numbers: The advance trade deficit in goods widened to $72.8 in August, up 0.5% from the prior month, according to the CommerceRead More →

Gold scores a pop from historic oil outage

2019-09-16

Gold futures headed solidly higher on Monday after an attack on Saudi Arabian oil production sent oil prices skyrocketing and investors turning to haven assets, including bonds and precious metals. December gold GCZ19, +0.66%  on Comex gained $9.70, or 0.7%, to $1,509.20 an ounce, after registering on Friday a weeklyRead More →

Gold’s big drop is just the beginning of a longer slide

2019-09-06

Gold’s short-term direction is down, according to contrarian analysis. This forecast has nothing to do with Thursday’s big drop in bullion’s price. It instead traces to the gold timers’ recent jump onto the bullish bandwagon. From a contrarian perspective, of course, that means that the path of least resistance overRead More →

Gold under pressure for a second straight session

2019-08-29

Gold prices headed lower for a second straight session Thursday, pulling back from the more-than-six year highs seen earlier this week, as China calmed some fears over trade tensions, prompting gains in the stock market and dulling haven demand for the yellow metal. Geopolitical worries were soothed after a spokesmanRead More →