Stocks bounced back on Tuesday, Feb. 6 after having swung wildly in and out of positive territory throughout much of the session. The Dow Jones Industrial Average finished up 567 points, or 2.3%. At its lows for the day, the Dow dropped as much as 567 points, putting the index into correction territory. The blue-chip index dropped 1,175 points, or 4.6%, on Monday, Feb. 5, the largest single...Read More
Technology, materials shares lead comeback; VIX gets whipsawedGold, oil and copper decline; Treasuries fall, dollar steadyTony Dwyer, chief equity strategist at Canaccord Genuity, says "we're buying the opportunity volatility is creating."U.S. stocks rebounded from a violent selloff to post the biggest rally in 15 months as investors poured back into some of the most beaten-down sectors.Technology...Read More
Wall Street futures lurched lower again Tuesday, while European stocks suffered steep declines, as global investors attempted to take control of a global market selloff accelerated by sophisticated products tied to the market's benchmark gauge of near-term risk. Futures tied to the Dow have swung more than 600 points during European trading and are now marked 380 points to the downside...Read More
Wall Street's key benchmark for near-term volatility spiked to the highest level nine years Tuesday, following its biggest surge on record, as investors rush from one of the market's most crowded trades in the global equity sell-off. The Chicago Board of Trade's Volatility Index, better-known by its ticker symbol, VIX.X, surged more than 33% to trade past the 50-point mark for the firs...Read More
Investors took a sledgehammer to the face yesterday as the major averages posted their worst drop in more than six years.The Dow shed 1,175 points (its biggest point lost in history) to close lower by a staggering 4.6%. The S&P 500 wasn't far behind, posting a loss of more than 4%. In a dramatic shift, the major averages flipped from extremely overbought to painfully oversold in a matter of da...Read More
Barely a week after it set another record high, the Dow just suffered its worst one-day loss in its entire history.While the latest turmoil hasn't reached the crisis level by any means, I've been warning about a correction for months.Warnings about an imminent collapse of developed economy stock markets, especially the U.S. markets, have been everywhere.Whether you use Shiller's CAPE ratio, Warren...Read More
“The four most dangerous words in investing: ‘This time it’s different.'”- Sir John TempletonIt was just another down day on Wall Street...The selling was vigorous - yet orderly - for much of the day.But shortly after 3 o'clock yesterday afternoon... the porridge hit the propeller... and a gorgeous patch of holy hell broke loose…The Dow Jones plunged 900 sudden points...Read More
Randgold Resources produced its 4th quarter results and held its conference call on Monday 5th February.The results were very badly received by the market and the shares are down over 7% as I write.Projected p/e and price to book ratio below.Details of the companies 4 producing mines can be found at www.randgoldresources.com.The dividend has been doubled to $2 per share.Randgold resources (GOLD) r...Read More
Silver, platinum and gold mining stocks also advanced'People are starting to worry about inflation,' TabatabaiJames Bevan Says Selloff Is 'Most Definitely Not' the Start of a Bear MarketAs the equities selloff spread from Asia to Europe, gold proved its status as a safe haven.The metal added 0.3 percent to $1,343.19 an ounce, extending yesterday’s 0.5 percent advance. FTSE/JSE Africa Gold M...Read More
Inside the 2018 Investing in African Mining Indaba in Cape Town.Photographer: Waldo Swiegers/BloombergMining executives, investors and government ministers are meeting in drought-hit Cape Town for the African Mining Indaba, the continent’s largest gathering of one of its most vital industries.Recent multiyear highs for many commodities have the world’s biggest miners swimming in cash...Read More
CloseGain/LossGold $1315.30-$6.40Silver$16.33-$0.27XAU80.54-1.90%HUI179.84-1.11%GDM609.88-1.60%JSE Gold1174.79-18.33USD90.35+0.64Euro122.71-1.06Yen91.38+0.04Oil$61.79-$1.6010-Year2.841%+0.039T-Bond144.59375-1.4375Dow24893.35-0.08%Nasdaq7051.98-0.90%S&P2681.66-0.50% The Metals: Gold gained $10.60 to $1332.30 in Asia, but it then fell back off in London and New York and ended near its midaft...Read More
CommentaryBy Ira EpsteinCurrent events have injected financial markets with a solid does of volatility. Wage inflation showed up in the latest US Jobs Data numbers both here and in Germany. Japan continues to languish. Stock indices ended a vertical move to the upside, that began on January 1st and ended on January 29th. As you know gold soared at year end along with stock indices. Gold was at...Read More
"Equity markets went a very long way up very quickly and you tend to get technical corrections, you tend to get air pockets."*The interview begins at 01:35Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of the world's largest bond funds in the world...Read More
By Jeff ClarkThere's a sneaky development underway, one that's been off the radar of most investors. It contributed to the recent stock market plunge, and if it really takes hold it has major ramifications for the three G's: groceries, gas, and gold.What is this development? Here are a few hints...US Treasury yields are now at their highest level in four years, with the two-year note hitting a 1...Read More
By David HaggithIt took sixteen months to build the exceptionally steep Trump Rally, and just one week to eliminate a quarter of it. While I wouldn't call that jolting reversal a stock-market crash in the ordinary sense, the largest one-day point fall in the history of the market (by far) certainly marks a massive change in market conditions. From this point forward, it won't be the same market...Read More
By Avi GilburtOver a week ago, in my analysis to my members, I noted that, ideally, I was looking for the market to pullback and test the 2800SPX region. And, the market certainly dropped down to the 2800 region, but also broke the 2796SPX support upon which I was focused. That had me begin to focus on the 2700SPX region of support. And, today, we dropped and broke my next level of support at 27...Read More
Chris Martenson, an economic researcher and futurist and co-founder of PeakProsperity.com talks to John Rubino about how to invest and live the best life possible.John Rubino is the founder and manager of the popular financial website DollarCollapse.com. Mr. Rubino is the co-author, with GoldMoney's James Turk, of The Money Bubble and The Collapse of the Dollar and How to Profit from It. He spent...Read More
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The Dow suffered its worst point decline ever yesterday. Jim Willie tells us this stock market carnage is nothing compared to what is to come...Jim Willie is a statistical analyst in marketing research and retail forecasting. He holds a PhD in Statistics, and his career has stretched over 25 years. He aspires to thrive in the financial editor world, unencumbered by the limitations of economic cred...Read More
By Mike MaloneyIn this video, Mike Maloney gives an update on the recent market volatility.Watch Mike's "Things to Come in 2018" video for his full forecast of the year ahead. Read More