Shake Shack Shakes Up Wall Street
Wall Street is apparently craving burgers. The hamburger chain Shake Shack priced shares above an increased range, raising $105 million in its initial public offering as shares began trading Friday. In a statement Thursday, Shake Shack said it sold 5 …
Read moreGold Sees Corrective Bounce From Solid Losses Posted Thursday
Gold prices are higher in early U.S. trading Friday, on a technical rebound and some bargain hunting following the selling pressure seen Thursday.
Read moreAdvance U.S. GDP Rises 2.6% In The Fourth Quarter
(Kitco News) – The U.S. economy ended 2014 weaker-than-expected, according to the Department of Commerce’s advanced fourth-quarter gross domestic product data.
Want A Strong S&P 500 Return? Then Root For The Seahawks This Sunday
(Kitco News) – If you’re vested in the S&P 500 and have absolutely no interest in football, you’ll be a bandwagon Seattle Seahawks fan come Super Bowl Sunday.
Misinformation Follows Us like A Plague
A small bit of U.S. greenback strength nicked a dollar off gold today
Read moreGold Wins In A Global Currency War – Analysts
(Kitco News) – The race to the bottom in currency markets continues to heat up and in a potential currency war some analysts see gold as the biggest winner.
Read moreGold Suffers Sharp Losses In Wake Of Hawkish FOMC Statement, Higher USD Index
(Kitco News) – Gold prices closed sharply lower and hit a two-week low Thursday, in the aftermath of an FOMC statement that is being read as more hawkish than dovish. A higher U.S. dollar index on this day also helped to pressure the precious metals. Thursday saw the biggest one-day drop in gold and silver prices in months. February Comex gold was last down $30.60 at $1,255.30 an ounce. Spot gold was last down $27.20 at $1,256.60. March Comex silver last traded down $1.243 at $16.845 an ounce.
Santacruz Sees QoQ Silver Eq. Production Increase At Rosario Mine
Santacruz Silver Mining Ltd. (TSXV:SCZ) produced 255,487 silver equivalent ounces, a 32.8% quarter-on-quarter increase, from its Mexican-based Rosario Mine’s maiden year of production.
Triland Metals: Gold Taking Cues As A Currency Rather Than A Metal
Triland Metals analysts say that gold’s current pullback shouldn’t be considered “deep retracement” just yet. “There has been dip buying by the ETF community and persistent demand around the $1275 area,” they say. “Follow through stops could push to $1266 but it appears that most are positioning for a continuation of the bullish sentiment surrounding precious metals,” they say. Looking at the weaker base metals complex, the analysts say that gold could see some pressure as a result. “Headwinds could be seen to come from a floundering base metals complex that is pushing recent lows again this morning but gold seems to be taking its cues as a currency rather than a metal; such is the true nature of it.”
Gold Extends Early Losses as U.S. Dollar Index Hits Daily High
Gold is sharply lower and near the daily low as midday approaches Thursday.
Prices were under pressure early on, mainly from a generally hawkish reading of Wednesday afternoon’s FOMC statement. Then as the U.S. dollar index moved to its daily high an…
