|Day's Range||1,286.70 - 1,298.40|
was upgraded today to a "Buy" by TheStreet's Quant Ratings service. In the daily bar chart of GG, below, we can see that prices are in a neutral zone between the rising 200-day moving average line and the rising 50-day average line. The daily On-Balance-Volume (OBV) line has moved up and down with the price action.
(Reuters) - Canada's main stock index edged lower on Wednesday as oil prices dipped on concerns that OPEC could increase crude output to make up for any shortfalls in supply from Iran and Venezuela. * Shares of Royal Bank of Canada and Bank of Nova Scotia both dipped 0.5 percent and were the biggest drags on the financial index. * The largest percentage gainers on the TSX were Eldorado Gold, which jumped 5.0 percent, and Prometic Life Sciences, which rose 2.5 percent.
Libertarians believe that the government should have minimal interference in the lives and finances of its citizens. The cryptocurrency community believes in a monetary system free from centralized oversight, with decisions driven by the masses rather than regulators. Same difference, right? Libertarians and crypto enthusiasts have some serious overlap, as first brought to my attention…
Few professionals boast a pay gap as glaring as that in professional sports. The minimum salary for WNBA players was $38,000 in 2016, compared to $525,000 in the all-male NBA. In golf, the women’s US Open winner earns about 45% the prize money of the men’s US Open champion. Men’s basketball and golf draws more…
Over 200 African athletes and officials who travelled to Australia for the Commonwealth Games are claiming asylum. The games in the city of Gold Coast ended on Apr. 15 but some of the athletes vanished in between events while others did not even show up for their events. Those who went missing include a third…
Traders will be looking for clues in the minutes on the outlook for U.S. interest rates. A hawkish interpretation of the minutes could send interest rates and the U.S. Dollar higher, while putting pressure on dollar-denominated gold.
The British pound has been very noisy during the trading session on Tuesday, initially spiking towards the ¥149.75 level, before rolling over again. At this point, the market looks as if it is trying to build up significant momentum to the upside, something that will be necessary to continue the move higher.
The Australian dollar has rallied a bit during the day on Tuesday, to test the psychologically important 0.76 handle as well as a major previous uptrend line. There should be resistance here, and so far that’s what we are seeing.
Investing.com – WTI crude oil prices settled lower after hitting a three-and-a-half year high on Tuesday as the prospect of global supply disruptions remained elevated amid looming sanctions on Iran and falling Venezuelan crude output.
Natural gas prices surged higher rising more than 3.4% on Tuesday as warmer than normal weather is now expected to cover most of the United States for the next 8-14 days. Warmer than normal weather increases cooling demand which in turn increases natural gas demand. Natural gas surged higher breaking through resistance which is now support near the 200-day moving average 2.87. Resistance is now seen near the December highs at 3.21.
In the ongoing Olympics of the world’s most powerful passports, Japan just scored a gold medal. According to a new index of passport power, which counts the number of countries a passport holder can enter without a visa or for which she can obtain a visa on arrival, Japan’s passport now holds the top ranking…
Most precious metal mining stocks have fallen over the last few months due to falling gold prices. The US dollar’s revival has also impacted precious metals and mining stocks recently.
Based on the early price action, the direction of the crude oil market today will be determined by trader reaction to yesterday’s close at $72.35.
Based on the early trade, the direction of the gold market the rest of the session is likely to be determined by trader reaction to the major Fibonacci level at $1296.20.
A dip in Treasury yields and the U.S. Dollar could be supportive for gold over the short-run as investors prepare for the release of the latest Fed meeting minutes on Wednesday at 1800 GMT.
We’re in a supply-driven market right now but there still are concerns over rising U.S. production. Because of this, today’s late session American Petroleum Institute weekly inventories report should be a market-moving event.
The natural gas markets fell right off the bat during the trading session on Monday, bounced a bit towards the $2.84 level, before falling over again. It looks as if the market is testing a significant round number, so the next couple of sessions could be crucial.
Gold markets fell to the $1283 level during the day on Monday but found enough of a bounce to rally as the Americans came on board. However, we are starting to show signs of resistance at current levels, so I think that we will probably continue to go lower.
The British pound went back and forth during the trading session on Monday, as traders came back to work from the weekend. It looks as if the ¥149 level is offering a bit of support, but the question remains whether we can hold that level to test major resistance above.
The Australian dollar rallied a bit during the Monday session, after bouncing from the 0.75 handle. This is obviously a psychologically important number, but we are struggling later in the day. The question then is where we go from here?
Bitcoins are worth less than half of what they were in December. Why, then, is Canaan Inc, a leading cryptocurrency mining rig supplier, looking to raise up to $2 billion, according to two sources with knowledge of the deal, in the world's biggest bitcoin-focused initial public offering to date? Canaan is expected to present itself to investors not so much as a bitcoin company, but as a chip designer focused on developing other markets in artificial intelligence and blockchain, the electronic ledger that underpins bitcoin.
Global stock markets rallied broadly on Monday after the United States and China agreed to halt a trade war, while oil hit multi-year highs on political uncertainty and potential sanctions on Venezuela. The U.S. trade battle with China was put "on hold" after the world's two largest economies agreed to drop their tariff threats in favor of hashing out a broader deal, U.S. Treasury Secretary Steven Mnuchin said on Sunday. In addition to the trade truce, Wall Street indexes rose on news of $28 billion in U.S. merger deals.
Osisko Gold Royalties Ltd (TSX:OR), a metals and mining company based in Canada, received a lot of attention from a substantial price movement on the TSX over the last fewRead More...