Gold and silver rose further on Wednesday, after China said the United States ordered it to close its Houston consulate, signaling a further increase in tensions between the two countries and sparking demand for safe-haven assets. “Gold attracts flows when real interest rates compress and when political tensions increase, making …
Read More »Stock market timekeeper, revered by hedge fund giants, says the S&P 500 will cap 3,500 in a few weeks
Tom DeMark says the S&P 500 index has more room to run, according to a Bloomberg News report on Tuesday. The technical analyst and market timekeeper says the broad market stock index is likely to hit 3,500 as the general stock market tries to catch up to the dizzying pace …
Read More »Dow leans more when investors watch tensions between China and the US, while investors watch Tesla earnings, Microsoft
US stocks rose slightly at the start of trading on Wednesday as investors braced for the corporate results of major corporations, including Tesla and Microsoft after the close, and watched the increase in Sino-US tests. . Market participants are also concerned about the state of congressional negotiations on another financial …
Read More »Slack files EC competition complaint against Microsoft
Slack Technologies Inc. JOB, -1.10% said Wednesday that it filed a competition complaint against Microsoft Corp. MSFT, + 0.35%, alleging the illegal and anti-competitive practice of abusing their market dominance, before the European Commission. “Microsoft has illegally linked its Teams product to its market-dominant Office productivity suite, forces millions to …
Read More »This is what is behind the ‘perfect storm’ that causes silver prices to rise
It is difficult to find an asset in more than one roll than in silver. On Tuesday, silver for delivery in September SI00, + 4.25% It rose nearly 7%, the highest settlement since March 2014, and 83% above its March lows. Silver also rose in the early hours of Wednesday. …
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