Angel Commodities' report on Gold
On Thursday, spot gold prices rose 0.6 percent to close at $1294.8 per ounce as prices rose to nine month high, dollar at four week low. The dollar index is down more than 9 percent so far this year, set for its biggest annual loss since 2003. That's helped lift gold nearly 5 percent from a near five - month low of $1,235.92 struck in mid - December. On the MCX, gold prices rose 0.31 percent to close at Rs.29044 per 10 gms.
Outlook
We expect gold prices to trade higher continuing its positive momentum from the previous trading session while weak dollar index and thin trade also contributed to the rally. On the MCX, gold prices are expected to trade higher today, international markets are trading higher by 0.1% at $1295 per ounce.
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Advisors' Opinion:- [By Chris Hill]
Gross: I got CME Group (NASDAQ:CME), ticker CME. Operates the world's largest futures and options exchange. They're in a great position to either innovate or acquire assets to grow. They take a little toll for every transaction that goes across their platform. Institutions managing risk, derivatives are more important than ever, which is good for their business. They pay a 3.6% yield, including a special dividend that they typically pay on an annual basis. Trading volumes are skyrocketing. The business is strong.
- [By Logan Wallace]
Get a free copy of the Zacks research report on CME Group (CME)
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- [By Garrett Baldwin] Investors looking to make money on China should pay attention. While the United States is focusing this week on resolving issues with North Korea, the real elephant in the room remains China. President Trump has extended the artificial March 1 deadline on tariffs in hopes of striking a deal with the world's second largest economy. However, it remains very unclear what will happen in the coming weeks. Investors should prepare themselves accordingly. Money Morning Quantitative Specialist Chris Johnson has scoured the numbers and given investors a number of ways to make money on this massive geopolitical trend, right here. We are seeing some problems on the trading front from CME Group Inc. (NYSE: CME). The Chicago-based exchange operator halted trading for three hours Tuesday night after a glitch caused an outage. GME Globex is a massive platform that enables the trading of stocks, interest rates, forex exchange (currencies), commodities, and other assets. Pay close attention to the headlines, as it's still unclear if this was an internal issue or a cybersecurity event. Money Morning Insight of the Day
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Hot Gold Stocks To Buy Right Now: Golden Star Resources Ltd(GSS)
Advisors' Opinion:- [By Joseph Griffin]
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- [By Max Byerly]
Get a free copy of the Zacks research report on Golden Star Resources (GSS)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Max Byerly]
Get a free copy of the Zacks research report on Golden Star Resources (GSS)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Max Byerly]
Golden Star Resources Ltd. (NYSEAMERICAN:GSS) was the target of a significant increase in short interest in September. As of September 28th, there was short interest totalling 10,021,831 shares, an increase of 6.9% from the September 14th total of 9,371,344 shares. Based on an average trading volume of 1,038,207 shares, the short-interest ratio is presently 9.7 days. Approximately 4.7% of the company’s shares are sold short.
- [By Joseph Griffin]
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Advisors' Opinion:- [By Shane Hupp]
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Hot Gold Stocks To Buy Right Now: Orezone Gold Corp (ORE)
Advisors' Opinion:- [By Stephan Byrd]
Galactrum (ORE) is a PoW/PoS coin that uses the
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- [By Shane Hupp]
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Finally, Richard Seville, the CEO of Brisbane-based Orocobre Ltd (ASX: ORE) which began lithium sales in 2015 from northern Argentina and also experienced difficulty boosting output, commented that an "inability to access traditional funds has delayed the development of the sector" and that "these projects aren't easy -- so the banks just don't want to go there."
- [By Stephan Byrd]
Galactrum (CURRENCY:ORE) traded 1.7% lower against the U.S. dollar during the 24 hour period ending at 18:00 PM Eastern on August 31st. Galactrum has a total market capitalization of $866,847.00 and approximately $5,272.00 worth of Galactrum was traded on exchanges in the last 24 hours. One Galactrum coin can now be purchased for about $0.42 or 0.00006032 BTC on major exchanges including Stocks.Exchange and Cryptopia. In the last seven days, Galactrum has traded 12.5% higher against the U.S. dollar.
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