Gold held just above a three-week low following its biggest drop in over a month, as the dollar rose following strong U.S. housing data.q» Read More
Precious metals are about to jump. So says Peter McGuire, managing director at Commodity Warrants Australia. He offered his commodities insights to CNBC.
With oil prices sliding but the dollar rally unsteady, where will gold go? Dawn Bennett of Bennett Group Financial Services and Mike O'Rourke of BTIG Bass Trading gave CNBC their insights into precious metal.
The big discussion today revolves around the continuing route in commodity stocks...the decline is so steep and severe that it is fueling theories that a liquidation is occurring due to:
Following are the day’s biggest winners and losers. Find out why shares of Home Depot and Barrick Gold popped while United Air Lines and Supervalu dropped.
It's a booyah-free zone. There goes Swifty!
Where are gold prices going? Gold can either consolidate through until Sept. 12 and then make a breakout from the $957 level -- or it can trade up to $1023.72 by Aug. 21, says Richard Morrish from MIG Investments.
The Dow slipped on Monday as investors worried that plans to shore up the government sponsored mortgage companies won't be enough. What's the "Word on the Street?"
Forget congressional bluster about "speculators" -- commodities prices have barely begun to climb. So says John Roque of Natixis Bleichroeder -- and he has ideas for investors.
Nearly 1.4 billion shares and over $16 billion traded yesterday in CNBC's Million Dollar Portfolio Challenge. Check out the bets being made today...
Nearly 1.4 billion shares and $18 billion traded yesterday in CNBC's Million Dollar Portfolio Challenge. Check out the bets being made today...
The second half of 2008 looks mighty encouraging to Al Meyers. "It's all going to depend upon earnings," he told CNBC. "It's going to set the tone for the second half. There are some very good values out there right now."
The Dow made a modest advance Thursday as a sharp drop in oil prices helped counter renewed concerns about the strength of the economy. What's the "Word on the Street?"
Cramer makes the call on viewers' favorite stocks.
Nearly 2.2 billion shares and $45 billion traded yesterday in CNBC's Million Dollar Portfolio Challenge. Here are the bets being made today...
It's finally happening. The "long commodities/short dollar" trade that has been the primary trade for the past three months is clearly in the early stages of unwinding, and stock traders could not be happier. Money is leaving commodities and energy, and going to tech stocks and financial stocks.
Don't buy into this idea that the great gold run is over, Cramer says. It's just taking a breather.
How long--or how deep--the slump will last is anyone's guess. But it's a reminder that investing in commodities is a risky business.
Oil and gold surged over the past six months -- and have years of rising prices ahead, says Rob Lutts. The founder & chief investment officer of Cabot Money Management offered his commodities insights -- and stock picks -- to CNBC.
With gold making gains of 13% this year alone, how should to trade?
With no new economic data to consider, markets on Friday will continue to chew over the issues that have been concerning them all week -- the constricted credit markets, rising inflation and a weakening economic picture.