Today we'll take a closer look at Shore Capital Group Limited (LON:SGR) from a dividend investor's perspective. Owning...
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Gold prices rose sharply on Thursday and reached an all time high in the Indian market. In Mumbai spot market, the precious metal was trading above Rs 35,000 per 10 gram. Silver prices also rose to over Rs 41,000 per kg. 2019 has been one of the best years for gold investors as the metal has delivered returns of 12.5 per cent so far. However, due to high prices, the demand was very thin, as gold traded at a huge discount to the cost of import. Therefore, some stock traders who had old gold stock were selling it. Unofficially, imported gold being sold at much lower prices was pressuring jewellers who were not trading in grey market gold. The high price of the precious metal has dealt a sharp blow
MUMBAI/BENGALURU (Reuters) - Consumers in leading Asian hubs continued to sell off physical gold this week, with some switching their holdings to silver, after a jump in prices that also attracted interest from investors betting further gains. "Demand has been muted, with most people selling off gold to take profit," said Brian Lan, managing director at Singapore dealer GoldSilver Central. In Hong Kong, gold was sold at a premium of $0.50-$1.20 an ounce, compared with a discount of 30 cents to a $1.20 premium last week.
Hello and welcome back to Equity, TechCrunch's venture capital-focused podcast, where we unpack the numbers behind the headlines. It's a good week here at Equity HQ because our two co-hosts are both back at the same time! Kate Clark and Alex Wilhelm, after each of them taking some time off, led the show today, digging into a wealth of news and happenings. Here's a quick rundown of what happened on the show this week! Postmates is still working on its IPO! Despite some reports indicating that the popular on-demand delivery company was talking to rival players about a possible sale, the company's CEO said this week that his firm is still looking to go public. (It's also picking up money this year,
Microsoft Corp, America's most valuable company, gained 2.2% as strength in its cloud business helped it beat analysts' estimates at the end of a week of mixed corporate results. "Some optimism is being carried forward from New York Fed President John Williams' comments and largely better-than-expected corporate earnings so far, highlighted by Microsoft," said Art Hogan, chief market strategist at National Securities in New York. Williams' remarks that the Fed cannot wait for economic disaster to unfold and must add stimulus early were behind Thursday's positive close.
Learning how to invest in stocks can be intimidating. Stock market beginners face many questions. How to buy stocks? When to sell? How to read charts? Here you'll find answers.
Vancouver, British Columbia--(Newsfile Corp. - July 19, 2019) - Spanish Mountain Gold Ltd. (TSXV: SPA) (the "Company") announces a non-brokered private placement offering (the "Offering") to raise up to $500,000 through the issuance of up to 6,250,000 of common share units (the "Units").Each Unit will be sold at a price of $0.08 per Unit and will consist of one common share of the Company and one common share purchase warrant (a "Warrant"). Each ...
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Civista Bancshares (CIVB) have what it takes? Let's find out.
(Bloomberg) -- Billionaire hedge-fund manager Ray Dalio sent ripples through the gold market this week when he advised buying the metal, but he’s part of a bigger wave.In the past month, banks including Goldman Sachs Group Inc., Citigroup Inc. and Morgan Stanley have raised their forecasts for bullion or touted its prospects, while holdings in exchange-traded funds linked to gold rose to a six-year high. Richard Hayes, chief executive officer of Australia’s Perth Mint, said buying by central banks is adding to the enthusiasm.Bullion is getting more attention from institutional investors as the prospect of slowing economies, lower interest rates and rising global tensions drives demand for the metal as a store of value. Gold, which benefits from low rates because it doesn’t pay interest, has since late May generated the best returns in the Bloomberg Commodity Index.“Safe-haven flows into the asset class in light of geopolitical risks and unresolved trade tensions continue to support the gold price,” Darwei Kung, head of commodities and portfolio manager at DWS Investment Management Americas Inc., said in an emailed report.According to Dalio, the founder of Bridgewater Associates, stimulus from central banks that’s helped bolster asset prices is nearing its limit and having diminishing effects on economies. Such stimulus will lead to more negative real and nominal returns, spurring investors to seek alternative forms of money such as gold or other stores of wealth, Dalio said this week in a LinkedIn post.‘Paradigm Shift’He sees a coming “paradigm shift” in the next few years as an enormous amount of debt and non-debt liabilities such as pension and health care comes due and can’t be funded with assets. That will lead to “some combination of large deficits that are monetized, currency depreciations, and large tax increases.”Assets “that will most likely do best will be those that do well when the value of money is being depreciated and domestic and international conflicts are significant, such as gold,” Dalio said.Investor demand has kicked into high gear since the Federal Reserve signaled in June that it may begin cutting U.S. interest rates as early as this month to shore up growth. That could set the metal up for a fall if the Fed doesn’t follow through as investors expect. The market is currently pricing in a 50-basis-point cut, “and any change in sentiment could see a sharp reversal to the downside,” according to DWS’s Kung.Wealth EffectStill, Goldman analysts including Mikhail Sprogis and Sabine Schels said in a June 25 report that bullion doesn’t need fear to prosper. While a gradual brightening of prospects for the world economy in the second half of 2019 and receding worries of recession could lead to lower “fear”-driven demand for bullion, that will probably be offset by a positive “wealth” effect, the bank said.Gold futures for August delivery on the Comex in New York rose as much as 1.8% to $1,454.40 an ounce on Friday, the highest for a most-active contract in six years. Prices are heading for a fourth weekly gain in five.If the rally does persist, retail investors who have largely been on the sidelines may soon join in, according to Hayes of the Perth Mint.“It takes a little while for a rally like this to really feed into mainstream society,” Hayes said in an interview by phone. “If it is sustainable it will undoubtedly spark additional interest not only from institutions but from the average investor in the street.”(Updates with gold price in third-from-last paragraph.)To contact the reporters on this story: Joe Richter in New York at firstname.lastname@example.org;Justina Vasquez in New York at email@example.comTo contact the editors responsible for this story: Luzi Ann Javier at firstname.lastname@example.org, Joe RichterFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Adds Shanghai closing prices, stocks data; updates London prices) BEIJING, July 19 (Reuters) - Nickel extended its rally on Friday, having hit a four-year high in Shanghai overnight, after comments from two Federal Reserve officials revived bets for an aggressive rate cut this month, lifting most of the base metals complex. Lower interest rates tend to push commodity prices higher because they mean lower inventory financing costs. The dollar also weakened, making dollar-denominated metals cheaper for holders of other currencies and supporting prices. Nickel is on course to add 11% in London this week on strong Chinese stainless steel output data and concerns over Indonesian export curbs. That
The Nifty50 index has broken its major rising trend line by connecting the swing lows of 10,585, 11,108 and 11,550 levels. It continued to see selling pressure in line with the weakness seen in last trading session and also broke its previous swing low of 11,461. The index formed a Big Bearish Candle on the daily as well as weekly charts and started forming lower tops and bottoms on the lower time frame chart. As long as it remains below 11,500, a bounce could be sold into towards the next support at 11,333 and then 11,250 levels, while immediate hurdles are seen at 11,461 and then 11,500 levels. On the options front, maximum Put open interest was at 11,300 followed by 11,400, while maximum Call