It was looking this morning as though gold could be ready test even new lower lows based on the trading tape action of late. Suddenly, a 2% gain in the ... Read Full Story »
U.S. equity markets opened lower this morning following a report from China that the country’s industrial production rose 9.3% in April, a smaller rise than economists expected. China also reported ... Read Full Story »
U.S. equity markets opened mixed this morning and failed to find a direction driver throughout the trading day. In Europe, Germany reported a stronger-than-expected trade surplus, while the U.K.’s trade ... Read Full Story »
U.S. equity markets opened higher this morning and trading stayed positive territory all day. No solution has yet been agreed to the Cyprus banking crisis (more coverage here), but the ... Read Full Story »
The banking crisis in Cyprus has dragged on for a week now, with threat projections ranging all the way from “dire” to “who cares.” It seems reasonable to assume that ... Read Full Story »
U.S. equity markets opened lower this morning and trailed slowly downward all day. The situation in Cyprus was unchanged this morning (more coverage here). In Europe, both manufacturing and non-manufacturing ... Read Full Story »
Investors of BHP Billiton (NYSE: BHP) and Rio Tinto (NYSE: RIO) have taken a beating along with many other mining investors in recent days. There is an interesting multi-year outlook piece around ... Read Full Story »
There are a variety of ways to invest in precious metals. Buying gold or silver bars and coins is one, exchange traded products (ETFs) are another, and a third is ... Read Full Story »
These are some of this Thursday's top analyst upgrades, downgrades and initiations seen from Wall St. research calls. AbbVie Inc. (NYSE: ABBV) started as Neutral at Credit Suisse. Akamai Technologies Inc. ... Read Full Story »
Silver Wheaton Corp. (NYSE: SLW) is about to get larger. The company announced that it has entered into a binding term sheet to acquire the following from a subsidiary of ... Read Full Story »
Deutsche Bank A.G. (NYSE: DB) has joined a growing list of investment banks cutting their forecasts on precious metals for 2013 and 2014. By cutting their estimates for gold and ... Read Full Story »
Gold futures closed at around $1,676 an ounce in 2012, about 7% higher than the $1,565 or so the yellow metal fetched at the beginning of the year. Forecasts for ... Read Full Story »
Gold futures closed below $1,650 an ounce on the Comex last night, sharply lower than the $1,700 or so the yellow metal fetched at the beginning of December 2011, but ... Read Full Story »
Election Day has come and gone. President Obama won a second term. The current electoral vote was by a margin of about 3 to 2 (unofficial), but the percentage last ... Read Full Story »
When Silver Wheaton Corp. (NYSE: SLW) reported third-quarter results yesterday, the silver miner noted that lower sales and lower prices hit both revenues and profits, down 13% and 11% respectively. ... Read Full Story »