|Bid||0.00 x 3000|
|Ask||0.00 x 1000|
|Day's Range||123.21 - 123.70|
|52 Week Range||114.80 - 129.51|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.40%|
Crude oil started this week on a stronger note by surging on Monday. However, crude oil declined in the next three trading days. Carrying forward the weakness, crude oil opened Friday on a weaker note and was trading at 15-day low price levels in the early hours.
When stocks sell off, gold often shines. The stock market fell sharply Thursday after President Trump canceled the summit with North Korean leader Kim Jong Un.
In a classic Donald Trump move, the president wrote a letter to North Korean leader Kim Jong-un to cancel their planned meeting in Singapore next month. Trump wrote, “Sadly, based on the tremendous anger and open hostility displayed in your most recent statement, I feel it would be inappropriate, at this time, to have this long-planned meeting.” This meeting was seen as an unprecedented attempt to dissolve tensions between the United States and North Korea, which could have reduced geopolitical risks. The SPDR Gold Shares ETF (GLD), which tracks physical gold, on the other hand, was trading up 1.03%.
Crude oil started this week on a stronger note and declined lower as the week progressed. On May 24, crude oil opened the day on a weaker note. Crude oil was trading at one-week low price levels in the early hours.
Crypto Crashing Conundrum Continues as Justice Department Threatens Bitcoin (BTC-USD), bitcoin cash (BCH-USD), ethereum (ETH-USD), and ripple (XRP-USD) are all down heavily, with the collective market cap of the entire cryptocurrency complex down to $333 billion. Post-parabolic lows are still at $247 billion, so we are still about 26% away from strong support. One reason […] The post Market Morning Roundup, Cryptos Crashing, Car Parts Threatening, Euro Banks Falling appeared first on Market Exclusive.
Some bad ideas just won't die. It seems to matter not that many are silly beyond logic. When it comes to money matters, a big one stands out as ridiculous. That is the recurrent meme that China will somehow imminently oust the U.
Crude oil started this week on a stronger note by rising to 3.5-year high levels on Monday but lost strength as the week progressed. After a pullback on Tuesday, crude oil started May 23 on a weaker note and traded with weakness in the early hours. Supply fears amid geopolitical tensions supported crude oil prices at the beginning of the week.
Eldorado Gold (EGO) stock suffered a great deal in 2017 due to the standoff with the Greek government and some technical issues at its Turkey mines. The VanEck Vectors Gold Miners ETF (GDX) and the SPDR Gold Shares (GLD) fell 3.9% and 0.9%, respectively, YTD. Agnico Eagle Mines (AEM), Yamana Gold (AUY), and IAMGOLD (IAG) returned -7.2%, -8.0%, and 3.3%, respectively.
The recently announced U.S. sanctions on Iran will likely give a boost to prices for the yellow metal. At least that's according to one analyst who has studied the bullion market for decades. The skinny is below. ISTANBUL, TURKEY - MAY 18: President of Iran Hassan Rouhani.
Palladium’s movement often diverges from that of other precious metals. Palladium rose 0.5% on Monday, despite other precious metals falling. Palladium often follows the industrial side of the market. About 80% of industrial palladium is used for catalytic converters in automobiles. With easing US-China tensions, the possibility of higher industrial demand in China has risen. The country’s car sales are improving, and China is a big market for General Motors (GM), Ford, and many other multinational brands. In 2017, China (FXI) sold ~27. ...
After gaining for three consecutive trading weeks, crude oil started this week on a stronger note by surging to 3.5-year high price levels. Carrying forward the strength, crude oil opened higher on May 22 and consolidated at elevated levels in the early hours.
It's a question that some authors have tried to answer, including Michael Wolff. The author was a founding member of the rock band Blondie. Since then, he's been busy writing a slew of books, the latest of which is titled "Dark Star Rising: Magick and Power in the Age of Trump," set to be published late May.
Ray Dalio Is Holding on to Gold: Are You? As the 13F filings became available during the start of last week, much of the market buzz was about what money managers are holding and what they are staying away from. Ray Dalio held his holdings in the SPDR Gold Shares (GLD) Fund and the iShares Gold Trust (IAU) constant.
Genesis Mining, which is the largest blockchain mining company based out of Iceland, put up billboards outside Warren Buffett’s office last week. The billboards said, “Warren: you said you were wrong about Google and Amazon. The billboards were put up soon after Buffett discussed bitcoin during his annual Berkshire Hathaway (BRK.A) meeting.
Crude oil consolidated at elevated levels last week and recorded the third consecutive weekly gain. On Monday, crude oil opened higher and was trading at elevated levels in the early hours.
Precious metals funds are a smart and effective way of adding diversification to an investment portfolio. When choosing the best precious metals funds to buy, there are a few criteria to follow for narrowing your search: Use ETFs or ETNs: Exchange-traded funds and exchange-traded notes are generally preferred for investing in precious metals over mutual funds. This is because most precious metals mutual funds buy stocks of miners, which offers only indirect exposure to precious metals, whereas ETFs and ETNs can offer more direct exposure through indices and commodities markets.
If you’re familiar with or invest in exchange-traded funds, it’s likely you’ve heard of derivatives ETFs, a category of ETFs that use derivative instruments such as futures and forward contracts, swaps, options and even the use of debt to bet on the price movement of specific underlying assets. If you’re not familiar with derivatives ETFs, this article provides a theoretical situation to help explain the three types of derivatives ETFs you should know. Let’s say you have a portfolio that consists of just two ETFs, the first being the SPDR S&P 500 ETF Trust (NYSEARCA:SPY), which tracks the S&P 500 and the second being the iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF), which tracks the ICE U.S. Treasury 7-10 Year Bond Index, a collection of U.S. Treasury Bills with maturities between 7-10 years.
Get ready for another surge in crude oil prices. The cost of a barrel of crude oil is now at its highest level since 2014, but there will likely be another jump in the coming weeks. Primary among the reasons is that despite all the screeching, European companies will not be likely to get a waiver from soon-to-be-imposed U.S. sanctions on Iran. Earlier this month the Trump administration refused to recertify the so-called nuclear deal with Iran.
With continuing downward sentiment in precious metals, it’s important to look at what large traders and hedge funds are doing with their positions in metals. This article focuses on silver, which is predominantly a precious metal and acts as a buffer along with gold during market unrest. Silver was trading at $16.4 per ounce as of 9:00 AM. The resistance level for silver is at a 50-day moving average of $16.55.
After gaining for two weeks, crude oil started this week on a stronger note and gained in all of the trading days so far this week. Crude oil closed Thursday almost flat and opened higher on Friday. In the early hours on May 18, crude oil is consolidating at the highest levels traded since November 2011.
To help investors keep up with the markets, we present our ETF Scorecard. The Scorecard takes a step back and looks at how various asset classes across the globe are performing. The weekly performance is from last Friday’s open to this week’s Thursday close.
Form 13F filings for major financial firms became available earlier this week, and much of the buzz around the top money managers has to do with their stock picks over the past few months. Somewhat less prominent in the ongoing analysis of the SEC filings of top hedge funds, though, is the fact that at least two prominent billionaire money managers maintained faith in gold, in spite of the fact that increased interest rates threaten to trim gains for the precious metal. Ray Dalio's Bridgewater preserved its stake in SPDR Gold Shares ( GLD), the largest exchange-traded product linked to gold bullion.
Crude oil started this week on a stronger note and gained in the first three trading days of the week. Carrying forward the strength, crude oil opened stronger on Thursday and traded with strength at the highest levels traded since November 2011 in the early hours.
While there are some factors that could support gold, such as rising oil prices (USO), the opposing factors seem much stronger. The rise in oil prices is seen as positive for gold since it drives inflation and increases gold’s appeal as an inflation hedge.
Iran's economy is already a mess, but it will likely get a lot worse. Iranian President Hassan Rouhani. The matter at hand is the decision earlier this month by the Trump administration not to certify the so-called nuclear deal, and that means Iran will soon be subject to harsh U.S. sanctions. Take, for instance, the inflation rate.