This could be BABA's worst quarter in two yearsThe shares of Alibaba Group Holding Ltd (NYSE:BABA) are up 2.3% this morning at $142, after the company settled its class-action lawsuit in California. The Chinese e-commerce concern will have to pay $75 million through insurance payouts to settle a dispute initiated back in 2015. Despite the upside today, it's been an ugly end to 2018 for Alibaba s...Read More
President Trump over the weekend tweeted about progress in trade talks with ChinaFutures on the Dow Jones Industrial Average (DJI) are trading above fair value, signaling a positive New Year's Eve session. There's almost nothing on the docket today, save the Dallas Fed manufacturing survey, though some traders are focusing on upbeat trade comments from President Donald Trump over the week. Specifi...Read More
Is it time to prepare for the next financial crisis?Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is going on?Former hedge fund manager, Dr. Steve Sjuggerud, one of the most widely-followed financial analys...Read More
The market's bear market status is debatable, but support at the 160-week isn't"If you're a long-term investor, and have stayed pat, you're hoping that this is 1987, 1990, 2011, or 2016, when the decline to the 160-week moving average was the end of 'it.'... A weekly SPX close that is significantly below the 160-week moving average should be the first warning of prolonged, serious downside to come...Read More
Please Note: US markets are closed tomorrow for New Year's Day. CloseGain/LossGold $1282.20+$2.20Silver$15.47+$0.10XAU70.66+1.41%HUI160.58+1.54%GDM588.56+1.55%JSE Gold1375.75+7.84USD96.14-0.24Euro114.59+0.12Yen91.23+0.39Oil$45.41+$0.0810-Year2.683%-0.036T-Bond146.125+0.59375Dow23327.46+1.15%Nasdaq6635.28+0.77%S&P2506.85+0.85% The Metals: Gold gained $4.10 to $1284.10 in London before it d...Read More
By David HaggithThe world is descending into intellectual chaos. Read El Erian in the following linked article, and then come and back tell me we have not moved into madness:El-Erian: 1000-Point Swings In The Dow Are The "New Reality"There is clearly a tooth missing in one of the gears in El-Erian's brain. How do you make this statement ...[A recession] is certainly not becoming a reality. You n...Read More
My Two CentsBy Andy Sutton / Graham Mehl This article was originally written by Andy Sutton on 7/24/2009; roughly 4 months after the markets bottomed from the 2008 blowout. Anything 'new' will be bolded. The 'Two Cents' series at the time was going through something of a post mortem of the meltdown and trying to give people a 'reset' so to speak regarding what was true and what wasn't. People f...Read More
By Clint SiegnerIt's amazing what passes as a market these days.Stocks rallied during the Christmas week, and the mainstream financial press would like you to believe bargain hunters swooped in after the weeks of heavy selling to grab some deals. The truth is there are very few actual people still evaluating the merits of publicly traded companies.The markets are driven by programmed trading and...Read More
By Frank HolmesStrengthsThe best performing metal this week was silver, up 5.15 percent, finally getting some respect as it approaches its 200-day moving average. Hitting six-month highs this week, money managers are the most bullish they've been on gold in months. Gold has been a beneficiary of the volatility experienced in global equities this week. Bloomberg reports that gold priced in the Br...Read More
The past couple of years have been brutal for precious metals mining stocks. Gold and silver went down a little while the miners went down a lot - four times as much to be exact. That's painful but not surprising. The miners, being in effect options on the underlying metals, tend to be a lot more volatile. But volatility works both ways, and starting in November gold began to rise while the mine...Read More
TECHNICAL SCOOPCharts and commentary by David ChapmanPhone: 416-523-5454 Email: david@davidchapman.comdchapman@enrichedinvesting.comTwitter: @Davcha12December 31, 2018"Gold is money; everything else is credit." J.P. Morgan, 1912 (financier, banker; 1837-1913) "In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store...Read More
The last update was wrong. Gold was expected to drop with the stockmarket, but instead it rose. Being wrong in this business is not a crime, but it is vital to recognize the error as soon as possible and make a course correction, and if possible discern the reason or reasons for the error. Failure to do this through pride, obstinacy or stupidity can lead to modest losses becoming ruinous. So wha...Read More
By Keith WeinerLast week, we wrote about the concept of discounting. This is how to assess the value of any asset that generates cash flow. You calculate a present value by discounting earnings for each future year. And the discount rate is the market interest rate. We said:"If the Fed can manipulate the rate of interest, then it can manipulate the value of everything......There is no other rate...Read More
James G. Rickards, author and strategist, joins Remy Blaire of Sprott Media, to discuss gold and why "the little engine that could" will do more than chug higher when the Federal Reserve pauses. Rickards provides an explanation for why growth can occur during a depression and the warning signs that he considers point to an eventual recession in the U.S. economy.Jim Rickards is a lawyer, investment...Read More
Karl Denninger is an American technology businessman, finance blogger, and political activist, sometimes referred to as a founding member of the Tea Party movement. His website is The Market Ticker. Read More
While Congress and the president fight over funding a border wall, they continue to ignore the coming economic tsunami caused by the approximately 22 trillion dollars (and rapidly increasing) federal debt. President Trump may not be troubled by the debt's effect on the economy because he believes he will be out of office before it becomes a major problem. However, the crisis may come sooner than h...Read More
Gregory Weldon is CEO of Weldon Financial and Editor of the influential newsletters "Weldon's Money Monitor," the "Commodity and Currency Monitor," the" Metal Monitor," and the "ETF Playbook." He launched these macro-market publications, covering supply-demand fundamentals, along with technical, intermarket, and psychological insights, after building a successful career as a trader on Wall Street....Read More
Sector expert Michael Ballanger looks back on markets in 2018 and provides his New Year's outlooks for gold, silver, uranium and more. A Brief Word on ForecastsEach year between December 25 and January 1, every blogger, analyst, newsletter guru, or market historian like me issues their "forecast" for the upcoming year, and what I find a worthy exercise is to go back and read what we all wrote in...Read More
Clive Maund provides a technical analysis on silver and explains why he believes recent movements could be the "opening shot of a a major bull market." The last update was wrong. Silver was expected to drop with the stock market, but instead it held its ground and then broke higher last week. The reasons for this misinterpretation, both for gold and silver, are set out in the latest Gold Market u...Read More
Technical analyst Clive Maund charts gold and discusses the current state of the market. The last update was wrong. Gold was expected to drop with the stock market, but instead it rose. Being wrong in this business is not a crime, but it is vital to recognize the error as soon as possible and make a course correction, and if possible discern the reason or reasons for the error. Failure to do this...Read More