By Alasdair MacleodAn unexpected destruction of fiat currency has been advanced by the monetary and fiscal response to the coronavirus. Financial markets have yet to discount the possibility of such an outcome, but in the coming months they are likely to awaken to this danger.The question arises as to what will replace fiat currencies. In the past the answer has always been gold but today there...Read More
By Mike GleasonPrecious metals markets appear to be gearing up for another leg higher. On Thursday, the metals complex rose sharply across the board. Gold gained about 2.5% while silver packed on nearly 4%. Both of the monetary metals showed signs of breaking out of the sideways trading ranges they've been stuck in over the past four weeks. Silver closed solidly above its 50-day moving average f...Read More
With the stock markets near a critical juncture during the most-extreme economic dislocations of our lifetimes, big US stocks' fundamentals have never been more important. After plummeting in a brutal stock panic on the catastrophic economic damage caused by governments' draconian lockdowns to fight COVID-19, stocks have skyrocketed in a monster rally. Are these gains righteous or doomed to...Read More
By: Gary SavageThe markets discount results ahead of time. S&P technical set-up. Gold has a pattern in play seen before since the start of this latest bull market...https://blog.smartmoneytrackerpremium.com/Read More
By: Ira EpsteinBig breakout day for gold and silver! Expecting 16% unemployment rate for tomorrow, but that will be the big price driver. It will be released on Friday at 8:30 Eastern time:Read More
Trade war, US unemployment, and even rise in US stock market are the reason for gold price to rise. Profit in stock trading is invested in gold. Lack of stock market margin pressure has resulted in more long positions in gold, silver, crude oil and copper. Liquidity is abundant. There is free money and lack of investment avenues. Businesses with cash are just using to trade and invest in stocks...Read More
Both Gold and Silver Futures have been struggling to rallyabove recent high levels since the start of the global stock market collapserelated to the COVID-19 virus event. Yet, the Junior Gold Miners appear to be telling us the Precious Metalsmarket is boiling hot.Gold, the bell-weather safe-haven asset, initially collapsedwhen the US stock market started the massive selloff in late February 2...Read More
Most resource sector writers (including me) have for a long timebeen "wrong" about gold and silver. When they ran from $250 and $5 an ounce, respectively, to $1,920and $49 in 2011, those who listened, acted, and sold a bit did quite well. Weargued the "longer time bullish case" as these metals dropped intotheir final cyclical bear market graves in late 2015.But that was then&he...Read More
Both Gold and Silver Futures have been struggling to rallyabove recent high levels since the start of the global stock market collapserelated to the COVID-19 virus event. Yet, the Junior Gold Miners appear to be telling us the Precious Metalsmarket is boiling hot.Gold, the bell-weather safe-haven asset, initially collapsedwhen the US stock market started the massive selloff in late February 2...Read More
Most resource sector writers (including me) have for a long timebeen "wrong" about gold and silver. When they ran from $250 and $5 an ounce, respectively, to $1,920and $49 in 2011, those who listened, acted, and sold a bit did quite well. Weargued the "longer time bullish case" as these metals dropped intotheir final cyclical bear market graves in late 2015.But that was then&he...Read More
Both Gold and Silver Futures have been struggling to rallyabove recent high levels since the start of the global stock market collapserelated to the COVID-19 virus event. Yet, the Junior Gold Miners appear to be telling us the Precious Metalsmarket is boiling hot.Gold, the bell-weather safe-haven asset, initially collapsedwhen the US stock market started the massive selloff in late February 2...Read More
Most resource sector writers (including me) have for a long timebeen "wrong" about gold and silver. When they ran from $250 and $5 an ounce, respectively, to $1,920and $49 in 2011, those who listened, acted, and sold a bit did quite well. Weargued the "longer time bullish case" as these metals dropped intotheir final cyclical bear market graves in late 2015.But that was then&he...Read More
By: Ira EpsteinHow many small to medium sized companies go bankrupt? Restaurants in some areas will not open until late June. How will they survive?The retreat in gold is mild..Read More
It is still a range trade for gold and silver. Crude oil is rising. Copper is firm. There are buyers of physical gold ready to pay a higher premium on corrections. There are investors of gold using every small correction to invest. Gold prices are range trading. Gold bears are not holding ground. Short term silver traders are booking profit on every rise. Long term investors and physical dealers...Read More
Wall Street brushed off another week of spiking jobless claims Stocks turned in outsized gains today -- buoyed by optimism over easing lockdown restrictions -- as investors mostly overlooked another week of dismal jobless claims. The big story was the tech-rich Nasdaq, which added over 1.4% to close atop its year-to-date breakeven for the first time since late-February. The Dow also made an impres...Read More
Yelp is on the docket to post earnings after the market closes todayThe shares of Yelp Inc (NYSE:YELP) are up 5%, last seen trading at $23.14, ahead of the restaurant review platform's first-quarter earnings report,due out after the close today. Below, we'll dive deeper into the company's earnings history, and why options traders may have a difficult time discerning where YELP will head after it...Read More
Universal Display is set to post its first-quarter earnings after the close this eveningSemiconductor concern and iPhone screen specialist Universal Display Corporation (NASDAQ:OLED) is gearing up for its first-quarter earnings report due out after the close this evening, with its stock up 4.6% to trade at $153.33 today. With support in place at its 20-day moving average, OLED has gradually start...Read More
The Dow is up over 330 points middayThe Dow Jones Industrial Average (DJI) is up over 330 points midday, shaking off worse-than-expected weekly jobs data. The tech-heavy Nasdaq Composite (IXIC) is also in the black in today's trading, earlier marking a notable turn positive for 2020 as well -- the first major index to do so since the pandemic sparked the broad market sell-off in March. Following...Read More
T-Mobile shared a profit beat and a surge in subscribers The shares of T-Mobile Us Inc (NASDAQ:TMUS) are up 6.3% to trade at$92 this morning, after the wireless provider reported first-quarter earnings of $1.10 per share, beating out Wall Street's estimates. Conversely, its $11.1 billion in revenue fell short of analyst's expectations. The firm added that its monthly bill paying subscriber count...Read More
T-Mobile shared a profit beat and a surge in subscribers The shares of T-Mobile Us Inc (NASDAQ:TMUS) are up 6.3% to trade at$92 this morning, after the wireless provider reported first-quarter earnings of $1.10 per share, beating out Wall Street's estimates. Conversely, its $11.1 billion in revenue fell short of analyst's expectations. The firm added that its monthly bill paying subscriber count...Read More