Gold settled at $1,578 an ounce Wednesday. The looming death cross gave StockTwits traders plenty to talk about. $GLD It is not necessarily time to panic in either direction. It is time to think and be prepared to act at the margins methinks. …
Most investors know about the (un)conventional wisdom that the winner of the Super Bowl can forecast the stock market. The theory is that at least two of three major market indices will rise in a year when an original NFL team wins. If a …
Crude oil declined on Friday and recorded the second consecutive weekly loss last week. Crude oil opened higher on Monday and consolidated near opening prices in the early hours. Investors fled equities in favor of safe-haven assets. …
On Wednesday, Goldman Sachs Group, Inc. (NYSE:GS) reiterated its call for investors to buy gold (NYSE:GLD). Their reasoning behind the call to buy gold is low interest rates and slow economic recovery. The investment bank sees QE3 …
Investors in gold exchange-traded funds have been rushing to the exits as gold prices plunge. More than $1 billion flowed out of the SPDR Gold Trust (GLD) Friday, according to IndexUniverse, marking the third-largest outflow on record since …
Martin Shkreli isn’t challenging the government any longer. The ‘Pharma Bro’ fraudster convicted of misleading investors to the tune of $10.4 million—has just been sentenced to 7 years in prison. Journalists in the courtroom, reporting on …
The stock increased 8.17% or $35.58 during the last trading session ... It also reduced its holding in Spdr Gold Trust …
Gold prices were hit hard in the global market rout that followed Ben Bernanke's latest press conference. Gold futures fell 6.4% to settle at $1,285.9 an ounce -- its lowest level since September 2010. The drop extended an ongoing sell-off in …
, whose popular exchange-traded gold product briefly suspended the creation of new shares earlier this month due to an administrative error amid a surge in demand, has been making a hefty bet on a gold ETF lately. But here’s the twist: It …
A crucial factor that could be behind the loss in precious metals on Wednesday was the rebound in the US dollar. The US Dollar Index, which is depicted by the DXY Currency Index (UUP), increased 0.82% on Wednesday. The rise of the US …