Stocks inched higher by mid-afternoon Friday as Federal Reserve Chair Janet Yellen suggested the central bank could implement another rate hike this summer.
With a slow start to the year, many of the gold miners have now seen their shares rise massively in 2016. So does a 83% rally in GDX since the end of 2015 show that perhaps things could be getting overheated? According to Jordan Roy-Byrne, the editor of The Daily Gold, after hitting a historically significant low in January, another short-term 20% correction for gold miners is overdue. ‘If it doesn’t happen ...
Tremendous success of Tesla’s Model 3 pre-sale rekindled a hype around electric cars last month, leading to higher prices and concerns for lithium, but there is another metal investors should keep an eye on.
The markets, as we head into the long holiday weekend, reacted as if the interest rate hike is a done deal for June. We’re not sure. Maybe we’re just too data dependent ourselves.