Aftergold’s plunge on Thursday, it made a comeback attempt on Friday. But thaterased only half of Thursday’s vigorous decline. The situation in silver and goldminers doesn’t provide much ground for optimism either. The silent scream wewrote about in the Wednesday’s Alert for our subscribers brought seriousrepercussions. Both immediately and step-by-step as in a trainwreck i...Read More
Artificial intelligence may revolutionize trading.Sometimes watching the market can feel like riding a roller coaster.Many investors feel glued to the news, watching the market rise and fall hundreds of points, day after day, week after week.But savvy traders know these market conditions mean huge profit potential for anyone that knows how to trade them.And one "secret" that more and more traders...Read More
By: Dave KranzlerI sourced the chart below from a blog called The Macro Tourist. I added the title and the two yellow trend lines. The chart shows the daily price of gold since the inception of the bull market in 2000-2001. Last Friday (March 8th) gold popped $12 +/- (depending on the time from which you measure). I mentioned to some colleagues that "gold may be starting something special."The...Read More
By: Avi GilburtMany investors maintain beliefs about the stock market which often have them looking the wrong way at the market turns. In fact, I can no longer count how many comments I see about how the Fed is what directs our stock market action, and it just makes me scratch my head.The main argument by Fed watchers is that the Fed's easy money drives the stock market. Yet, the Fed's balance s...Read More
The broad averages have rallied from their Christmas lows almost as steeply as they got there in the fourth quarter. The first 2,000 points of the Dow's trampoline bounce took just seven trading days. At the time, we wrote that the trend would continue until even hardcore skeptics were convinced that new all-time highs were likely. That is what bear rallies are supposed to do. Well, another 1100...Read More
Mar. 15th, 2019(S14-E687)Featured GuestsCEO Ken Lewis &Bob HoyePlease Listen HereLIMITED OFFER - FREE $5 IN ONEGOLD DIGITAL BLOCKCHAIN EXCLUSIVELY TO GOLDSEEK.COM PATRONS!(Remember to say Goldseek Radio sent you!).ONEGOLD Inc. holds physical gold and silver metals at the Royal Canadian Mint through our friends at APMEX and Sprott.CEO of APMEX and founder of ONEGOLD Inc., Kenneth Lewis ret...Read More
Trading may not pick up until after Wednesday's Fed decisionThe Dow spent much of the day in negative territory due to more losses out of Boeing, but the blue-chip index managed to reverse higher by the close, extending its win streak to four sessions. The S&P 500 and Nasdaq followed similar paths, with both benchmarks notching modest gains after a wishy-washy session. Chances are high that many t...Read More
Analyst sentiment toward FDX is broadly optimistic, despite the dismal price actionShipping name FedEx Corporation (NYSE:FDX) is up 1.6% at $180.91 in afternoon trading, despite earlier receiving a pre-earnings price-target cut to $230 from $235 at Raymond James. The company's fiscal third-quarter earnings report is due out after the market closes this Tuesday, March 19 -- and ahead of the event,...Read More
It’s been years since the gold and silver topped out in 2011. We have been waiting for a new bottom form and a new bull market to emerge for nearly 8 years. In this article, I’m going to compare palladium, gold, platinum, and silver and show you which of these precious metals I feel is the best long-term investment and also the best trade for 2019.The analysis presented below is based...Read More
Needham downgraded the stock to "hold" from "buy"Negative attention from Needham has the shares of Facebook Inc (NASDAQ:FB) slipping today. The analyst downgraded the stock to "hold" from "buy," citing three catalysts: "the negative financial impact of FB's strategic pivot toward privacy and encrypted messages" and "growing risks of regulation," as well as brand injury after hard-to-block images...Read More
A preliminary decision from a court in Brazil's Itabira city, in the country's southeastern Minas Gerais state, has ordered Vale to suspend activities at two of its tailings dams, following a request from the Minas Gerais state prosecutors' office, MPMG.Vale immediately complied with the decision, which affects the dams of Minervino and Cord??o Nova Vista, part of the Cau?? mine, the company said...Read More
Northland Capital is bullish on e-sports and Super League Gaming stockThe Dow is struggling today due to more trouble for aerospace giant Boeing (BA). Among stocks making particular noise today are medical device maker Boston Scientific Corporation (NYSE:BSX), regenerative tissue specialist Polarity TE Inc (NASDAQ:PTE), and esports concern Super League Gaming Inc (NASDAQ:SLGG). Here's a quick lo...Read More
Revenue garnered from the United States' Section 232 tariffs - in place for almost a year - stood at $4.3 billion for steel and $1.4 billion for aluminium as of Thursday February 21, 2019, according to data from US Customs and Border Protection.While the blanket 25% steel tariffs imposed by US President Donald Trump's administration has helped US steel mills to reap record profits, restart id...Read More
One problem for the gold stock sector was highlighted here and here evidently a little too obnoxiously for the liking of some bugs. The problem was the aggressive bullhorn sounds emanating from every orifice of the gold community the minute the charts broke upward into an obviously bullish technical state.But while the HUI/Gold ratio has been a distinctly positive technical indicator and many bull...Read More
Wall Street expects the Fed to stand pat on WednesdayThe Federal Open Market Committee (FOMC) will convene for its two-day policy meeting tomorrow, withnearly 99% of investors expecting the central bank to stand pat on interest rates, per CME Group's FedWatch tool. Further, 1.3% expect the Fed to reduce its benchmark rate, with 0% expecting a rate hike from Fed Chair Jerome Powell & Company on Wed...Read More
The shares are just off a new high, but could cool off soon, if history repeatsExelixis, Inc. (NASDAQ:EXEL) shares are fresh off a new high, thanks to some upbeat analyst attention. Specifically, Morgan Stanley upgraded the biotech stock to "equal weight" from "underweight," and hiked its price target to $28 from $20, citing strong prescription trends among other reasons. However, if recent histor...Read More
We checked in on PYPL following big M&A news out of the payments space and the data was surprisingPayment processors are in focus today on Wall Street following Fidelity's $35 billion buyout deal for Worldpay (WP). Sector peer PayPal Holdings Inc (NASDAQ:PYPL) earlier hit a record high of $101.83, but has since pulled back to trade at $99.47, as it tests the significant round-number $100 level. De...Read More
Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason.Coming up Michael Pento of Pento Portfolio Strategies joins me for a must-hear conversation on why he believes central bankers must perpetually keep interest rates near zero -- and the massive inflationary bubble economy that will likely result. Also, find out how Michael is approaching gold and gold related investments for h...Read More
Newly downgraded Facebook is keeping Nasdaq gains in checkThe Dow Jones Industrial Average (DJI) is once again feeling pressure from Boeing (BA), which is down on reports of a Department of Transportation probe into the company's grounded 737 MAX 8 planes. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) arefloating just above breakeven, paring earlier gains as Facebook (FB) dips on a downgra...Read More
Both stocks are assailing new heights Two biotech stocks have nearly doubled in value today, and sit near the top of the Nasdaq. First up, PhaseBio Pharmaceuticals Inc (NASDAQ:PHAS) is up 75.3% to trade at $6.52, and earlier nabbed a record high of $8.88 -- more than double Friday's close of $3.72 -- after the company's appearance at the American College of Cardiology (ACC) conference this weekend...Read More