Gold is having the best year in terms of returns since 2010. A move above a key resistance can send gold soaring. There are five reasons why the yellow metal can break through the resistance. 2019 has been an excellent year for gold. Bullion’s price has soared close to 15% year-to-date, marking the best year […]
Archives for Dicembre 2019
Bitcoin’s $1,000 Recovery Ahead of Christmas Has Some Traders Optimistic
Bitcoin has been on a gradual ascent over the past three days. On Monday, bitcoin’s price peaked near $7,700, the highest in over three weeks. With just eight days remaining for the year, bitcoin’s 2019 returns have amounted to 100%. Bitcoin’s volatility has been dwindling in recent days, but price action is heading north following […]
Elon Musk Bombshell: ‘If Tesla and SpaceX go bankrupt, so will I”
Twitter readers may have been shocked on Sunday to see Elon Musk confess he would be broke if Tesla and SpaceX go bankrupt. The billionaire would likely face a barrage of shareholder lawsuits in the event of Tesla’s demise. Musk is probably exaggerating, but his $26 billion fortune would certainly be devastated. Elon Musk shocked […]
$2.5 Billion Dump: Travis Kalanick Has Sold 92% of His Uber Shares
Travis Kalanick has not wasted a single day to dump his Uber shares. Kalanick’s remaining stake is nearly 10% of what Uber co-founder Garrett Camp currently holds. The selling wave after the lockup period expiry has spared some insiders though. It took ten years after being founded for Uber (NYSE:UBER) to get publicly listed. But […]
5 Indicators That Point to a Happy New Year for the U.S. Economy
The U.S. economy appears to be moving in the right direction ahead of 2020. Several leading indicators have been moving improving. If the market holds up, 2020 could deliver another bumper year. Last week, the Dow stumbled after President Trump unexpectedly revealed that he was comfortable waiting until 2020 to negotiate a trade deal with […]