Normally, this would be ironic: The Fed doesn't need to borrow; it creates money when it needs some. So it wouldn't pay interest. But these are not normal times.Continue...Read More
New Gold reports Q4 production numbers.Finally, Rainy River mine performance trends to the upside.New Gold shares rally, but there may be more to come if the company shows investors viable path to success in upcoming guidance and earnings releases.Back in early November 2018, I was looking at New Gold (NGD) shares for potential speculative play. At that time, it looked like shares were on pause un...Read More
John Williams & Chris Waltzek Ph.D. - January 8th, 2019. -- CLICK HERE TO LISTEN NOW (Mp3 file) HighlightsThe founder of Shadowstats.com, a leading online alternative economic-resource offers listener's a financial market overview for 2019.John Williams notes the economic mishaps leading up to the Great Recession of 2008 were mostly ignored.The inordinately large global financial-bubble...Read More
Big moves will be there in metals, energies and the US dollar Index only after the outcome of US-China trade talks are known. Till then, the consolidation phase will be there. Focus of the world in on a Chinese slowdown. Long term metal investors are on the sidelines as they expect slower and lower Chinese demand. If the trade talks succeed and all issues comes to an end once and for all, then a...Read More
The Fed minutes underscored a dovish take toward future rate hikesStocks soared today on lingering trade tailwinds, while a relatively dovish tone in the December Fed meeting minutes only strengthened bulls' resolve into the close. Traders also watched as oil prices surged back above the $50 per barrel mark for the first time since mid-December, while Apple (AAPL) climbed to the top of the Dow, de...Read More
It's easy to prepare your retirement savings for the New Year.It's that time of year again.Yes, the holiday season is filled with shopping and Christmas parties, but we still have to squeeze in a little time for end-of-year portfolio housekeeping. Because let's face it, life isn't exactly going to slow down once we hit the first of the yearIt's particularly important to take a good look at your 40...Read More
ATM maker Diebold Nixdorf is also heading toward its best day in yearsStocks are cruising higher today, enjoying solid gains amid U.S China trade optimism. Among stocks making notable moves today, Kandi Technologies Group Inc (NASDAQ:KNDI) and computer hardware issue Diebold Nixdorf Inc (NYSE:DBD) are higher, while Snapchat parent Snap Inc (NYSE:SNAP) is lower. Below, we'll take a look at the...Read More
Gold settled higher on Wednesday, buoyed by a drop in the dollar as the market weighed comments from Federal Reserve officials for hints on the pace of the central bank's interest-rate hikes this year. Prices for the precious metal then extended their gains following the Comex settlement as minutes from the Federal Open Market Committee's December meeting revealed that some Federal Reserve members...Read More
Gold settled higher on Wednesday, buoyed by a drop in the dollar as the market weighed comments from Federal Reserve officials for hints on the pace of the central bank's interest-rate hikes this year. Prices for the precious metal then extended their gains following the Comex settlement as minutes from the Federal Open Market Committee's December meeting revealed that some Federal Reserve members...Read More
The stock is brushing off headwinds from a major stakeholderThe shares of Canopy Growth Corp (NYSE:CGC) have shot up 12.5% to trade at $33.35, as a bullish brokerage note offsets a sharp sell-off for CGC stakeholder Constellation Brands (STZ). Options traders are reacting, too, targeting more short-term gains for the weed stock.Taking a quick look at that analyst note, Piper Jaffray initiated cove...Read More
Sudbury, Ont.-based Canadian Gold Miner has discovered a new gold zone - dubbed Behold zone - approximately 10 km south of the town of Kirkland Lake. The zone lies on the northwest edge of an 800-metre long induced polarization anomaly that occurs within a favourable structure and alteration corridor traced for more than 1.5 km.Channel sampling at the Behold zone late last year returned assays a...Read More
Use gold to protect any IRA, 401(k), or retirement account from a looming financial crisis.Every American needs to learn how to protect and secure their retirement against the worst stock market crash in history, and this IRA/401KInvestment Guide 2019 is one way the average American can help protect their investments in the event of a crisis.Jim Rickards is the nation's most vocal and intelligen...Read More
CROX shares are set for a fourth straight daily gain Footwear stock Crocs, Inc. (NASDAQ:CROX) is rallying to new highs, with some citing a positive call-out from data firm M Science, though we've been unable to pin down the specifics. Regardless, the shares were last seen up 5.3% at $31.71, and just tapped a seven-year high of $31.88. This would mark a fourth straight gain for the equity, bringing...Read More
The company unveiled new products at the Las Vegas CESThe shares of Western Digital Corp (NASDAQ:WDC) are higher today, after the data storage concern launched a slate of new products at the Consumer Electronics Show (CES). Against this backdrop, WDC options volume is also soaring today. However, WDC stock is now facing off against a formidable trendline, and previous tests of the moving average h...Read More
Surge Exploration (TSX?EUR?V: SUR) announced on Wednesday that its board of directors approved a strategic reorganization of the company's assets that would spin off its interests in the "Hedge Hog" and "Mineral Mountain" exploration projects, both copper/gold projects in British Columbia, Canada.The exploration projects form a newly incorporated subsidiary, CuGold Corp. Surge will continue to hol...Read More
Both names tagged two-year lows near the start of the shutdownThe partial U.S. government shutdown has entered day 19, with President Donald Trump and congressional leaders expected to meet today to resume funding negotiations. This follows POTUS' prime-time address to the nation last night and a tweet from Trump this morning that said, "we MUST fix our Southern Border!" With no end in sight, fina...Read More
The DJI is pacing for a fourth straight gainThe Dow Jones Industrial Average (DJI) briefly dipped into the red, but has since roared back to life. Stocks are higher amid optimism over a U.S.-China trade deal, and Apple (AAPL) stock is pacing the blue-chip winners, despite reports the company is slashing iPhone production. At last check -- and even amid the ongoing government shutdown -- the Dow is...Read More
There are reasons to believe PHM can extend its recent rallyPulteGroup, Inc. (NYSE:PHM) has enjoyed a 39% rally since its late-October bottom near $20.50. What's more, the housing stock could keep climbing, if past is precedent, after flashing a big bullish signal.Schaeffer's Senior Quantitative Analyst Rocky White recently looked at the best stocks to own during a government shutdown. Looking at...Read More
Now is the time to prepare for future central bank money printing, purchasing gold, and silver on the cheap.A major bottom in the monetary metals appears to have been reached in the second half of 2018.Don't laugh, $2,000 gold may be on deck the next 6-12 months if an unexpected black swan or recession strikes.Gold and silver could prove the smartest and easiest hedges against financial market...Read More
Importance of the gold to silver ratio.How the gold to silver ratio influences the prices of precious metals.2019 is a key year to observe the gold to silver ratio.Gold and silver have both been strong recently - can the gold to silver ratio break lower? For the week ended Friday, January 4, gold finished higher by $4 or 0.3% to close at $1,285 as of the final trade on the New York COMEX futures e...Read More