Public gold

Economic and political volatility has spiked in early 2021, and many investors are now looking for asset classes that could act as potential hedges over the weeks and months ahead. One segment of the financial markets that could capture the attention of investors is precious metals such as gold. Based on the patterns that we will discuss below, the proximity to influential levels of support makes an interesting case for physical gold as well as those companies that focus on gold mining. Key Takeaways Spot gold prices are trading near major levels of support. Active traders could turn to exchange-traded funds (ETFs) such as the SPDR Gold Shares ( GLD ) in anticipation of a bounce higher. Small-cap gold mining companies such as Yamana Gold Inc. ( AUY ) are strongly correlated to shifts in gold prices, which suggests that this group could be of interest over the days and weeks ahead. The SPDR Gold Shares (GLD) Investors interested in gaining exposure … [Read more...] about Chart Patterns Suggest Gold Prices Are Headed Higher

Joe Biden - A + A WASHINGTON (May 24): U.S. President Joe Biden's public approval rating fell this week to 36%, the lowest level of his presidency, as Americans suffered from rising inflation, according to a Reuters/Ipsos opinion poll completed on Tuesday. The two-day national poll found that 59% of Americans disapprove of Biden's job performance. His overall approval was down six percentage points from 42% last week. Biden's approval rating has been below 50% since August, raising alarms that his Democratic Party is on track to lose control of at least one chamber of Congress in the Nov. 8 midterm election. In a sign of weakening enthusiasm among Democrats, Biden's approval rating within his own party fell to 72% from 76% the prior week. Only 10% of Republicans approve of his job in office. As low as Biden's overall approval rating is, it remains higher than the lows of his predecessor, Donald Trump, whose approval rating bottomed out at 33% in December … [Read more...] about Biden’s public approval falls to 36%, lowest of his presidency – Reuters/Ipsos

An online scam that uses the Bureau of Customs (BOC) as a ruse has victimized at least one Cebuana and four others around the country, Customs officials said yesterday. In a press conference, Cebu Customs collector Ronnie Silvestre said the scam is usually coursed through an online dating site. He said the perpetrators, who claim to be foreigners, inform their chat mates to receive a package they sent through Customs. The sender tells the chat mate to pay tariff duties and taxes through a bank account he or she will indicate in an e-mail message. The victim will send the money, only to be told by Customs that no packages were sent to them. “Most of the victims are females,” Silvestre said. He said his office coordinated with the National Bureau of Investigation in Central Visayas (NBI-7) to   locate and arrest the perpetrators. NBI-7 Director Edward Villarta said the Cebuana victim is a resident of Lapu-Lapu City. The others are from Bacoor, Cavite; Makati City La Union … [Read more...] about Public warned on online scam

Share to Twitter Share to Linkedin The Zurich-based, Thai-American self-taught jewelry designer, Pacharee-Sophie Rogers , aged 41, personally goes through hundreds of natural pearls with their distinct curves, bumps and indentations to find dissimilar yet matching pieces for her designs inspired by natural forms. Her Bangkok-based goldsmiths carefully sculpt Siam gold and other precious metals, while her stone-cutters have defined innovative methods to cut and present gemstones, such as free-form slicing to enhance their inherent characteristics. I sit down with her to discuss her preference for rough, irregular stones and how she designs in a manner that respects their origins, shapes, textures and colors. How did you arrive at this calling? How and when did you become interested in jewelry, and when did you know you wanted to be a jewelry designer? I did not have any intention to enter the jewelry world initially. I would say it was my inner calling … [Read more...] about This Thai-American Jewelry Designer Celebrates The Uniqueness Of Pearls And Precious Stones

The Biden administration appeared to reverse its previous position that it wouldn’t consider an oil export ban Tuesday. “I can confirm the president is not taking any tools off the table,” Energy Secretary Jennifer Granholm remarked, Reuters reported. “If you had a ban on crude oil exports, because you’re cutting off supply to the global market, you are going to have higher global crude prices and higher global refined product prices that would be fed through here,” said Garrett Golding, a business economist tasked with analyzing energy markets at the Federal Reserve Bank of Dallas. Energy Secretary Jennifer Granholm said the administration hasn’t ruled out a petroleum export ban Tuesday, an apparent reversal of its previous position on the policy. Granholm’s comments appeared to suggest President Joe Biden was open to both an oil export ban and export ban on refined products like gasoline or diesel fuel. The energy secretary promised in December that a crude oil export … [Read more...] about CRUDE FLIP-FLOP: Biden’s Energy Sec Now Open To Oil Ban, But Will It Actually Lower Gas Prices?

Share to Twitter Share to Linkedin Billionaire Robert Friedland plans to list his Ivanhoe Electric Inc. in New York and Toronto as the mining tycoon aims to bankroll the development of copper mines in the U.S. that will supply raw materials needed to build batteries for electric cars as well as large-scale energy storage facilities. The initial public offering of Ivanhoe Electric—which holds stakes in the Santa Cruz Copper Project in Arizona and the Tintic Copper-Gold Project in Utah—will be managed by BMO Capital Markets and Jefferies, according to a regulatory filing to the U.S. Securities and Exchange Commission on Tuesday. While IPO details weren’t disclosed, the company is expected to raise $200 million , according to Renaissance Capital. Led by Friedland as CEO, the company also owns VRB Energy, a developer of large-scale energy storage systems that could power cities and industries. VRB has about 500 megawatt hours of energy generating … [Read more...] about Mining Billionaire Robert Friedland’s Ivanhoe Electric Seeks Dual Listing In New York, Toronto

On Monday, May 23, CEO Mark Zuckerberg of Facebook parent company Meta Platforms, Inc, ( FB ) was hit with a new lawsuit over the Cambridge Analytica scandal. In the suit, Washington D.C. Attorney General Karl A. Racine, alleges was Zuckerberg directly contributed to the "decision-making that allowed the Cambridge Analytica data breach." In the filing, Racine's office also alleged that in the run-up to the 2016 Presidential election, of the 87 million Facebook users affected were half the district's residents. Still ongoing is a another suit filed by Racine in 2018 against the company over its data practices. Racine attempted to have Zuckerberg named as a defendant in the 2018 suit, but a judge denied the motion earlier in 2022. In a press release, Racine stated: "Mr. Zuckerberg was personally involved in Facebook’s failure to protect the privacy and data of its users leading directly to the Cambridge Analytica incident .... Mr. Zuckerberg’s policies enabled a … [Read more...] about Zuckerberg Faces Lawsuit Involving Cambridge Analytica

(In this series on Comeback Stocks, Investopedia looks up close at companies that have staged sustained stock turnarounds, their future challenges and prospects.) Shares of social media giant Facebook Inc. ( FB ) closed trading on Sept. 23, 2019 at $186.82, or 14.5% below their all-time high of $218.62 set in intraday trading on July 25, 2018, but this nonetheless represents a strong turnaround. The stock bottomed out at $123.02 on Dec. 24, 2018, after plummeting by 43.7% over the course of nearly five months. Since then, it has rebounded by 51.9%. From its own intraday low of 2,351.10 on that same day, the S&P 500 Index (SPX) has advanced by 27.3%. The Problem Facebook was under siege during the second half of 2018, beset by multiple controversies over data breaches, privacy violations, and efforts by foreign operatives, particularly in Russia, to influence U.S. public opinion and U.S. elections, including the 2016 presidential election. Facebook became a target … [Read more...] about Comeback Stocks: How Facebook Beat the Skeptics

John Jagerson is a columnist for Investopedia, as well as author of the Chart Advisor newsletter. The views expressed herein are his alone and do not necessarily reflect the views of Investopedia. The Nasdaq Composite Index moved into technical correction territory on Monday with a loss of more than 10% from its highs on April 29, 2019. Besides general market weakness, most of Monday’s losses can be attributed to bad news for Facebook Inc. ( FB ), Alphabet Inc. ( GOOGL ), Amazon.com Inc. ( AMZN ), and Apple Inc. ( AAPL ). Investors learned that the Federal Trade Commission (FTC) will be investigating Facebook and Amazon for antitrust behavior while the Justice Department will tackle similar probes of Alphabet and Apple. All four stocks were down on Monday: Apple fared best with just over a 1% loss, while Facebook’s stock price lost a whopping 7.5%. The important questions for the government are whether these companies have used their dominant market positions to … [Read more...] about Modern Trustbusters Target Silicon Valley

The evolution of wireless networks is moving into its fifth generation (5G), and the hype is starting to build on both the consumer and investor fronts. It just about goes without saying that the demand for fast mobile connections is here to stay, and the companies that are able to quickly adopt to the fast-growing trends will likely be the ones to dominate. In the paragraphs below, we'll take a look at several charts and try to determine how active traders will be positioning themselves over the weeks or months ahead. iShares U.S. Telecommunications ETF (IYZ) Investors who seek exposure to niche market segments such as telecoms usually turn to exchange-traded products such as the iShares U.S. Telecommunications ETF ( IYZ ). Fundamentally, the fund comprises 41 companies that provide telephone and internet products, services, and technologies. As you can see from the chart below, the price of the fund has recently found support near its 200-day moving average (red … [Read more...] about 3 Charts That Suggest US Telecom Stocks Are Headed Higher