DJI Past 3 Days Gains 21%, Here All 3 Indices Performance

U.S. stocks posted another big gain Thursday despite a depressing unemployment report as investors expected the House of Representatives to pass the $2 trillion coronavirus stimulus bill after the Senate did the same.The Dow Jones Industrial Average (DJIA) soared 1352 points (or 6.4%) to close at 22552.17. That made for three straight sessions of increases for a gain of 21.3% since the Dow closed at 18591.93 on Monday. So theres a new bull market for the Dow with a run of more than 20%. Then again the Dow is down 23.7% from its record closing [read more]

Why Goldman Sachs Is Preparing For A Huge Gold Rally.

Goldman Sachs says the precious metal has a longterm rally ahead.During the stock markets brutal selloff over the past two weeks Gold the commodity usually considered a haven asset saw its price tumble by more than 10% from $1675 per ounce on Mar. 9 to $1484.Gold prices big rallied this Monday and Tuesday from $1484 to $1632 the commodity has largely recovered 34 of it losses from the previous selloff to settle at $1625 per ounce.Goldman Sachs strategist Jeffrey Currie says there are [read more]

Investopedia On Oil Price: It Isn't Too Late For 'Bottom Fishing'

West Texas Intermediate (WTI) crude oil futures are trading at an 18year low as a result of the pandemic and the price war between Saudi Arabia and Russia making a huge chunk of U.S. production unprofitable. Big conglomerates have the resources to survive the storm but upstream players are at major risk forced to watch income streams and profits drop precipitously. Even so it isnt too early to bottom fish because any deal to end the price war should lift the futures contract back into the $30s.source Investopedia [read more]

There Is Gold Bar & Coins Everywhere, Dealer Sell Out In Panic Buying

If you think gold has jumped about 10% in a couple of days to $1638 an ounce the official price quoted on Wall Street think again.The real price Nearer $1800. If you can get it.Theres no gold says Josh Strauss partner at money manager Pekin Hardy Strauss in Chicago. Theres no gold. Theres roughly a 10% premium to purchase physical gold for delivery. Usually its like 2%. I can buy a one ounce American Eagle for $1800 said Josh Strauss. $1800!Major [read more]

US Stock Futures Continue Rising After Tuesday & Wednesday Rally

U.S. stock index futures rose in volatile trading late Wednesday suggesting further gains when markets reopen Thursday morning. Dow Jones Industrial Average futures 1.275% were up 200 points or 1% as of 830 p.m. Eastern after swinging up and down a range of about 200 points. S&P 500 0.953% and Nasdaq100 futures 0.857% were each up around 0.7%. Earlier Wednesday the Dow DJIA 2.39% logged its first backtoback gains since February though stocks fell toward the end of the session as a roadblock emerged concerning the $2 trillion coronavirus stimulus bill in the [read more]

Oil Price Up For The 3rd Day In A Role

Oil prices extended gains for a third session on Wednesday rising alongside broader financial markets on Washington approval of a massive aid package to stem the economic impact of the coronavirus pandemic.U.S. crude touched a high of $25.10 a barrel early in the session and was at $24.61 a barrel up 60 cents or 2.5% by 1243 GMT.Brent crude was trading up 49 cents or 1.8% at $27.64 a barrel.The U.S. Congress may vote on Wednesday on the $2 trillion stimulus package which boosted stock markets on Tuesday.Still demand [read more]

It Is Time To Buy Gold, says Goldman Sachs

Goldman Sachs says it is time to buy gold the currency of last resort. The current coronavirusinduced economic and financial market turmoil is seemingly the perfect environment for gold.We have long argued that gold is the currency of last resort acting as a hedge against currency debasement when policy makers act to accommodate shocks such as the one being experienced now said analysts at Goldman Sachs led by Jeffrey Currie.Yet while the yellow metal has done far better than other assets it has slipped 2% over the last [read more]

Bear Market Can Be Over-Sold, The Market Being Stretched Like A Rubber Band Ready To Snap Back In Near Term

The Dow Jones Industrial Average notching its biggest oneday point gain ever and its best percentage gain since 1933 a day after plumbing the lowest levels since 2016 amid growing optimism that Congress will come to an agreement on a fiscal stimulus package aimed at combatting the economic impact of the coronavirus epidemic.The Dow DJIA 11.36% rose 2112.98 points or 11.37% to close at 20704.91 the S&P 500 index SPX 9.38% advanced 209.93 points 9.38% to close at 2447.33 and the Nasdaq Composite index COMP 8.12% gained [read more]

Dow Future Limit Up +900 Tuesday Pre-Market

Futures contracts tied to the major U.S. stock indexes surged in early trading Tuesday on hopes an agreement on a stimulus bill to rescue the economy from the coronavirus was close.As of 734 a.m ET. Dow Jones Industrial Average futures jumped 930 points or 5% to hit socalled limit up levels. S&P 500 futures and Nasdaq futures were also up 5% and limit up. The S&P 500 SPDR ETF was up 4.7% in premarket trading.Senator Charles Schumer and Treasury Secretary Mnuchin were close to a deal on a $2 trillion stimulus bill according [read more]

Gold $83 One Day Gain Is The Biggest Ever In Records

Golds oneday dollar surge is one for the record books. But as bullion deliveries hit a snag and mining operations slow the precious metal may soon see prices rally to new heights.On Monday the mostactive April gold futures contract GCJ20 1.474% rallied by $83 or 5.6% to settle at $1567.60 an ounce. The oneday dollar gain for the metal was the largest ever based on data going back to November 1984 according to Dow Jones Market Data.The move for the metal followed the Federal Reserves [read more]