(Kitco News) Gold’s safe-haven appeal has not yet materialized. The precious metal once again failed to hold the level of $ 1,800 an ounce. And that is despite high volatility in the U.S. stock market triggered by omicron fears. Here’s a look at Kitco’s three best stories of the week: Fed Chairman Jerome Powell and … Read more
A decline in global equities appears to be spilling over into the emerging crypto market, where weekend sales erupt in a mini-flash crash in the prices of bitcoin and other notable digital assets. At last check on Saturday afternoon New York time, bitcoin BTCUSD, -21.43% changed hands to $ 48,186.96 on CoinDesk, a 12% drop … Read more
Mark D. Cook, a veteran options trader who co-authored author Jack Schwager’s bestseller “Stock Market Wizards,” died in late October. I had planned to talk to him to discuss his bearish views on the US stock market, which became more ominous each week and shared in his twice daily market advisory service. Cook was an … Read more
Mixed assets are within their area of competence to make strategic decisions about how much cash they should have. However, some stock market funds have also built up high liquidity positions. The Gresham House UK Multi Cap Income Fund had around 14 per cent. of its assets in cash. Ken Wotton, co-manager, said this was … Read more
Cramer says he sticks to Costco in the long run, citing its pricing powerCNBC tv Charlie Munger says he would like cryptocurrencies ‘never been invented’ and admires China for banning themCNBC Munger says this era is ‘even crazier’ than the Dotcom bustBloomberg Markets and Finance Charlie Munger wanted cryptocurrencies never invented, anyone surprised? (Opinion)Crypto potato … Read more
The only major certainty for the market is that it will go through cycles of ups and downs. Typically, downward action will occur more abruptly and cause a lot of consternation, as months of hard-won gains are given back in a matter of days. This is not only financially painful, but produces an emotional impact … Read more
(Photo credits: Unsplash – Tango Tsuttie) November 30 (Reuters) – Main changes in recommendations and / or price targets registered on Tuesday in Paris. * AIR FRANCE-KLM AIRF.PA – hsbc lowers its recommendation to “lighten” against “hold” and its price target to 3.1 euros against 4 euros. * COMPAGNIE DES ALPES CDAF.PA – Societe Generale … Read more
A broad sale of technology shares penalizes fund manager Cathie Wood’s flagship ARK Innovation exchange-traded fund. The popular ETF, which follows the ticker ARKK and targets fast-growing, “disruptive” companies, fell 5.5% on Friday as technology stocks staged a sharp setback. Concerns about inflation and the possible economic impact of the new Omicron variant of coronavirus … Read more