When people ponder the investment opportunity around collectibles, they probably think about things like wine auctions, sales of very expensive, old cars or baseball cards, or maybe a pocket watch that made an unlikely appearance on an antiques TV show, hoping that their piece of treasured tat might one day also be worth millions. But…
Category: Rally
Gold’s price has declined for three consecutive days–the longest stretch since April. An alternative gauge shows the U.S. dollar has not dropped substantially in recent months. Precious metal investors still believe the dollar is in a bear market. The price of gold is up nearly 18% since July 1, but the rally could be in…
The Dow hasn’t given up on its six-week rally after last week’s slip. But lagging capital expenditures means the economy is far from recovered. That may leave stock market bulls who are buying into this rally holding an empty bag. The Dow Jones Industrial Average is back to the 12-week rally this week after a…
The Dow Jones rose on Friday but traded well off its highs in late afternoon trading. Stocks tumbled after a strong open, but Boeing supported the Dow. JPMorgan Chase is still pushing investors to buy the dip, while ING fears that retail strength could soon fade as pent-up demand wanes. The Dow Jones rose on…
Oil price gains are likely to be short lived as Donald Trump’s optimism regarding a deal has been dismissed by the Kremlin. Trump has limited options when it comes to helping the oil industry. A tariff on importing oil might be the only way to stabilize prices, but that probably isn’t in the cards. Oil…
The Dow Jones printed a historical rally on Monday. History shows that big one-day gains are often unsustainable. Analysts see a lot of volatility in the coming days as the market digests developments in the presidential elections and the coronavirus. The Dow Jones just printed its biggest one-day point gain in history. The index rallied…
Gold has broken through a resistance level it struggled with for months. It comes during a record high stock market and missed sales by the U.S. housing market. Top strategists predict a significant slowdown in the housing market in 2020. The gold price has increased by 4.26% within a month, breaking through a strong resistance…
The Dow Jones rally is heating up so fast it has big bulls on Wall Street worried. Low earnings growth and the over-confidence of investors signal that a pullback is likely. Top money managers expect the stock market to return to fair value in the short-term. The Dow Jones Industrial Average (DJIA)’s longest-running bull run…
The Dow rose by more than 100 points on Friday. A comprehensive economic indicator is flirting with a year-over-year decline. That’s happened five times in the last four decades, and four of those times heralded recessions. It hasn’t been the most exciting week for the stock market, but the Dow Jones Industrial Average strung together…
The Dow Jones is now in a prime position to extend its rally entering into 2020 to carry over a positive sentiment to the start of the year. Fund managers have turned bullish for the first time in two years amidst a strong Dow Jones rally. It shows a combination of four major factors is…