Tuesday was an interesting day in the metals, both Gold and Silver were strong and may be breaking out of their downtrend. The only question: Is this a breakout or a selling opportunity? At this point there is no way to determine whether this move is real or false. Only the price action over the next couple of days will determine what’s next...
EBay Inc. is selling its ticket marketplace StubHub to European rival Viagogo for $4.05 billion in cash, allowing the company to focus on its main retail site and address pressure from shareholder activists...
If you have been in the markets as long as I have, you know a couple of things. First, the unlikely occurs almost every day and second, the impossible happens at least once a month. The markets are a probability model. Forget earnings and new products. The option chain tells us all we need to know about the chances of an event occurring...
Monday the metals had some very good price action, which may indicate the bottom is in or close. The reversal made from the lows was a good start. However, that doesn’t change our views but is sending potential warning signs...
After a brief rally on Thursday, Gold is getting crushed again today. The selling began overnight at about 1:00 AM. The first dip was about 10.00 before the selling began again, which brought gold down to 1497 and at a critical level...
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...
