Back on December 31, the day which was the first quarter and year-end after the Fed’s first rate hike cycle in nearly a decade, we pointed out something unexpected – the Fed’s rate hike corridor had just been broken when the Fed Funds rate traded as low as 0.12%, far below the mandated minimum of 0.25%. …
The US Dollar’s slide has finally subsided after hitting a 7-week trough versus the common currency Euro. Analysts say that moves are, however, muted given the need for cash flows to rebalance portfolios on the last day of the month, and in this case, the quarter. Earlier, the US Dollar Index seemed on pace to…
TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. A battered silver miner produced some good news Thursday, while a popular healthcare play was under the weather. Here’s some small stocks making big moves on Thursday, March 31, 2016 (as of 11:15…
Ira Epstein leads us through the day’s precious metal highlights. (Video length 00:07:54)
Ira Epstein leads us through the day’s precious metal highlights. (Video length 00:07:54)
USO chart so far is really interesting to me. Yes, it has lost all of its short-term moving averages that include the 5-day, 10-day and 20-day, but overall, the pullback that has, until today, lasted six straight days and seven of the last eight days, has only given up 38.2% of its recent gains, which if you…
The Russians have launched into a gold buying spree. Based on recently released International Monetary Fund numbers reported at Mining.com., the Russian central bank ranked as the world’s leading gold buyer in February, adding 356,000 ounces to its reserves: Last December, Russia announced plans to increase its gold reserves to $500 billion within the next five years….
After being beaten down badly over the past few years, the broad mining industry got a fresh lease of life this year with PureFunds ISE Junior Silver ETF (SILJ –ETF report) topping the list of the best performing ETFs of 1Q16. The fund delivered whopping returns of about 71% in the first quarter. This is especially true against…
NEW YORK, March 31, 2016 (GLOBE NEWSWIRE) — The Board of Directors of Nasdaq, Inc. (Nasdaq:NDAQ) has declared a regular quarterly dividend of $0.32 per share on the company’s outstanding common stock, a 28% increase from the prior $0.25 per share. The dividend is payable on June 24, 2016, to shareowners of record at the…
Remember when 2016 was the year when the US economy was finally supposed to take off on “above trend” growth? Make that 2017. Here is JPM’s chief economist Michael Feroli doing what banks are so good at doing: cutting their own US GDP growth forecasts. Shave and a haircut, first half We are shaving about…
