April 1969 saw the release of what would soon become Credence Clearwater Revival’s second gold single. Bad Moon Rising’s popularity quickly secured it a permanent spot in rock history. But it was also headed somewhere else, if not everywhere else, to places the young rockers never saw coming. In hindsight, it can only be said that while their music was great, their lawyer was lousy.
Gold’s price slide of the last month is no coincidence. Rather it is the direct result of the sharp appreciation of the U.S. dollar. As the greenback has swiftly appreciated in its relative value, the price of gold has decreased in dollar terms.
In my view, the most important factor in determining the price of gold is the value of the U.S. dollar, at least for Americans if not for the....More>>>
September 12, 2016: Here are four stocks trading with relatively heavy volume among 56 equities making new 52-week lows in Monday’s session. NYSE advancers led decliners by more than 2 to 1 and Nasdaq advancers led decliners by the same margin.
The Kroger Co. (NYSE: KR) dropped about 2.6% on Monday to post a new 52-week low of $30.70 against a 52-week high of $42.75. Volume of around....More>>>
Tailings are what is left over from a mining operationand be both a blessing and a curse as while theymay still contain valuable minerals that can be difficult or expensive to extract,they can alsobe toxic environmental hazards at the same time. However, thats starting to change.
An April 2015 Wall Street Journal article noted that mining companies have been saying that processing mining....More>>>
Wells Fargo’s Larry Biegelsen offers three reasons that today’s Johnson & Johnson (JNJ) selloff is overblown:
(1) Despite the likely launch of biosimilar Remicade in late November, Johnson & Johnson’s 2016 guidance implies an acceleration in growth in Q4 2016. We estimate the guidance implies growth of about 3% in Q4 2016 and when one adds back....More>>>
Employment growth at US companies slowed in April to the weakest gain in three years, according to this morning’s update from ADP. The private sector added only 156,000 positions to payrolls last month in seasonally adjusted termswell below expectations for a gain of nearly 200,000. Today’s data raises new questions about expectations for a second-quarter rebound in economic activity....More>>>
A wild week–and month–finished with little damage done to stocks.
The S&P 500 ticked up 0.2% this week after rising 0.8% to2,168.27 today, while the Dow Jones Industrial Average advanced 0.3% this week after gaining 164.70 points, or 0.9%, to 18,308.15. The Nasdaq Composite rose 0.1% this week after advancing 0.8% to5,312.00 today.
This week was....More>>>