At least one write down is coming when General Electric Co. reports its third-quarter earnings results next month. The struggling industrial giant is selling off another chunk of its stake in Baker Hughes as CEO Larry Culp scrounges up more cash to fund his turnaround strategy...
Here we go again, and we aren’t referring to the Dolly Parton song, Gold failed to break about the 1290 level. After spending much of Friday above that key level, gold closed at 1288...
Monday was April Fool’s Day and apparently there were some fool’s gold as the yellow metal tried to rally early before selling off most of the day. Gold appears to have found new resistance...
The metals markets are starting to reverse, and the trade is getting ugly. Although we remain bullish in the long term, we are seeing too much bearish action...
Wednesday gold broke through support and closed underneath the key 1320. The brings the question – Is this the start of a much bigger sell off or a false breakout to the downside...
As gold and silver move into the consolidation phase, we continue to see attempts to buy and sell. The rotation of new money will drive investors and traders crazy...
General Electric Co. agreed to sell its biotechnology business to Danaher Corp. for $21 billion in cash, parting with one of the company’s fastest-growing businesses while accelerating its efforts to pay down debt...
A gloomy October on Wall Street turned darker Thursday, as heavy selling overseas and failed intraday rallies in the U.S. sent major stock indexes to another stinging retreat. The Dow Jones Industrial Average tumbled 546 points, leaving the blue-chip index down 5.2% after two days of volatile trading that has been marked by sharp declines in the last hours of the day...
Monday’s rip-your-face-off rally was met with a beatdown on Tuesday amidst selling pressure. This is no surprise as Bubba discussed this all week and has called the top of the market, explaining to listeners that in these conditions you look to sell rallies...
