The price of silver is up for the sixth week in a row, refusing to languish in the summer doldrums, which have historically kept the white metal from sustaining rallies into July and August.
Our warning column on General Motors Co.(NYSE: GM) really seemed to resonate.
It generated a lot of emotion, eliciting some personal experiences from you folks and even a few suggestions that we recommend “shorting” the stock.
But it wasn’t just our subscribers who responded to that analysis.
We also received a very strong response from GM itself.
The Dow Jones Industrial Average rallied late on Friday after a surge by tech stocks overshadowed growing banking concerns in Portugal.
Clearly, with oil at $100-plus per barrel, the energy experts were wrong. And, as it turns out, the classical economists were wrong about how energy affects the economy.
Wells Fargo & Co. (NYSE: WFC) kicked off second-quarter bank earnings season Friday morning. While the bank didn’t deliver any surprises, its numbers failed to impress.
Shares of the largest U.S. bank by market cap, up 28.5% since October, fell nearly 2% to $50.82 on brisk volume following the uninspiring report.
The landscape of the gold market has been changing dramatically in the last decade in terms of the dominant gold-producing nations. For example, for nearly a century, South Africa held the top spot for gold production. But in 2008, China took over, and since then, South Africa has sunk down to the fifth spot.
I cannot overstate what a big role General Motors (NYSE: GM) has played in my life. So, it saddens me when I see the headlines about recalls over the past few years – this year alone, about 29 million worldwide.
Many on Wall Street and in the mainstream financial media are saying this is a “Buy” opportunity.