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What Can We Learn From Gold's Relationship To Other Assets?
Thursday, May 21, 2020 - 11:25am | 724Read More...Gold typically does not trade in tandem with the stock market and often the two have a negative correlation. Gold is supposed to act as a safety net when markets decline and vice versa. Gold's peak in the last two decades came during the Great Recession in August 2011, and the low...
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Australian Mining And Technology Metals Companies Set To Take Stage At Investor Conference
Wednesday, May 20, 2020 - 1:27pm | 1116Read More...The performances of precious metals have diverged wildly in 2020. Spot gold is up 15% year-to-date (as of May 19) and is flirting with eight-year highs as concerns about global economic growth drive demand in the safe haven. Silver, which is coming off an 11-year low hit in March, has...
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3 Gold Miners ETFs Your Probably Don't Know About, But Should Get To Know
Tuesday, May 19, 2020 - 12:20pm | 601Read More...Gold is one of this year's best performing commodities and that's a theme that could extend as exchange traded fund demand swells and as central banks debase currencies. That's good news for gold miners ETFs, which are already among 2020's leading industry funds. The VanEck Vectors...
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Strategist Expects Gold, Silver To Gain As Pandemic Panic Subsides
Monday, May 18, 2020 - 3:43pm | 496Read More...Gold and silver prices rallied Monday amid market strength as news from a Moderna Inc (NASDAQ: MRNA) trial stoked optimism about a potential coronavirus vaccine. On Monday, June gold futures were trading at $1,733 and July Comex silver prices were at $17.39 per ounce. “...
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Bitcoin Gains Major Backer In Paul Tudor Jones
Thursday, May 7, 2020 - 6:53pm | 343Read More...Bitcoin gained one of its biggest backers ever, billionaire investor Paul Tudor Jones. What Happened Jones said in a market outlook note that the best profit-maximizing strategy is to "own the fastest horse," according to Bloomberg. Inflation from the central bank's money printing...
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Here's Why Gold Prices Are Rising And Silver Prices Are Falling
Tuesday, May 5, 2020 - 2:45pm | 515Read More...This year has been a strange year in Wall Street no matter how you look at it. But at least one strange dynamic between the prices of gold and silver actually has a somewhat simple explanation. The SPDR S&P 500 ETF Trust (NYSE: SPY) is down 10.8% year-to-date in 2020. So far this year, the SPDR...
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Gold Analyst Says Rally Is Short-Term, Prices Will Recede To $1,600 By Year's End
Wednesday, April 22, 2020 - 12:29pm | 552Read More...Gold has rallied over the past month, but it's a short-term rally, according to one analyst. If the global economy finds its feet over the second half of 2020, safe haven purchases of gold are likely to ease substantially, with the commodity's price falling back to $1,600 by the end of 2020...
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Little Things Count: After Selloff To Start Week, A Bit of Light Arrives With Positive Earnings
Wednesday, April 22, 2020 - 9:46am | 2306Read More...A ray of sunshine poked through the clouds this morning in the form of some pretty decent earnings news and a rebound in the anemic crude complex. Netflix, Inc. (NASDAQ: NFLX) and Chipotle Mexican Grill, Inc. (NYSE: CMG) both looked good with their results last night, and AT&T, Inc. (NYSE: T)...
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CocaCola, IBM Earnings Under Scrutiny As Both Multinationals Withdraw Guidance, Netflix Later
Tuesday, April 21, 2020 - 9:48am | 2393Read More...If interest rates can go negative, then why not crude? We got the answer Monday when front month May crude fell to 36 dollars below zero in truly surreal trading with prices that sound like Minnesota temperatures deep in the winter. Producers are basically paying people to take away their oil....
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Elliott Management's 'Gut Tells' Them Global Stocks Might Lose 50% In Value From February Levels
Friday, April 17, 2020 - 6:08am | 365Read More...New York-based hedge fund founder and CEO Paul Singer believes that amid the COVID-19 outburst, stocks across the world might see a value erosion from its February high levels. What Happened "A 50% or deeper decline from the February peak levels might be the ultimate path of global stock...
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Analysts Share Their Views On Gold
Tuesday, April 14, 2020 - 4:30pm | 301Read More...On CNBC's "Trading Nation," Steve Chiavarone of Federated Hermes said gold is difficult to analyze because it has no cash flows, so you're just trying to understand what the demand is going to be and that is a bit of a gamble. He finds gold's rally logical because the economic...
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Jim Iuorio Weighs In On Market, Gold And Oil
Wednesday, April 8, 2020 - 4:07pm | 258Read More...On CNBC's "The Exchange," Jim Iuorio shared with the viewers his opinion on the S&P 500, gold and crude oil. He sees a price range in the S&P 500 from 2,620 to 2,640 as very important because it corresponds to four highs from the last week of March and also to lows from...
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Guy Adami Sees Gold Moving Higher
Thursday, April 2, 2020 - 8:18pm | 195Read More...Guy Adami spoke on CNBC's "Fast Money" about price action in gold on Thursday. The precious metal moved higher and Adami explained traders believe that gold should do well as the Federal Reserve balance sheet is expanding. He thinks gold wins in this environment and it's just...
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3 ETFs Trading At Steep Price-To-Sales Discounts To Post-Crisis Averages
Tuesday, March 31, 2020 - 9:39am | 677Read More...With markets still grappling with the effects of the coronavirus (COVID-19) crisis, it seems like the global financial crisis was ages ago. Then again, the latest crisis bears reminders of the prior one, including depressed energy prices, stress in the corporate bond market and duress in the...
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PreMarket Prep Stock Of The Day: SPDR Gold Trust
Thursday, March 26, 2020 - 2:17pm | 668Read More...Benzinga's PreMarket Prep airs every morning from 8-9 a.m. ET. During that fast-paced, highly informative hour, traders and investors tune in to get the major news of the day, the catalysts behind those moves and the corresponding price action for the upcoming session. On any given...
