By David HaggithBy its close yesterday, the market provided exactly the example of the head slamming I said bulls were going to get in the article I was writing all day yesterday because the "Stock Market Bulls are Delusional in Face of Great Depression."Monday's stampede proved how utterly disconnected from reality the market's bulls remain, and that means they're going to get their heads pound...Read More
By: Ira EpsteinGold daily chart shows the massive move from $1450-1740's within a 5 week period, wow!Read More
Thedebt-to-GDP ratio is an important metric economists use for comparing acountry’s total debt to its gross domestic product (GDP). The percentagearrived at by dividing the country’s total GDP by its total debt indicates thecountry’s ability to pay back its loans. The higher the percentage, the higherthe risk of a country being unable to pay the interest on its debt, andtherefore...Read More
With his portfolio "solidly anchored" in silver and gold, sector expert Michael Ballanger opines on how bankers and politicians can manipulate markets.As a child, I used to get quite excited at the prospect of having my English "Gran" read me the Hans Christian Andersen book "The Emperor's New Clothes." I found the tale fiendishly amusing, as the charlatan tailor uses lethal doses of fla...Read More
Thedebt-to-GDP ratio is an important metric economists use for comparing acountry’s total debt to its gross domestic product (GDP). The percentagearrived at by dividing the country’s total GDP by its total debt indicates thecountry’s ability to pay back its loans. The higher the percentage, the higherthe risk of a country being unable to pay the interest on its debt, andtherefore...Read More
With his portfolio "solidly anchored" in silver and gold, sector expert Michael Ballanger opines on how bankers and politicians can manipulate markets.As a child, I used to get quite excited at the prospect of having my English "Gran" read me the Hans Christian Andersen book "The Emperor's New Clothes." I found the tale fiendishly amusing, as the charlatan tailor uses lethal doses of fla...Read More
Thedebt-to-GDP ratio is an important metric economists use for comparing acountry’s total debt to its gross domestic product (GDP). The percentagearrived at by dividing the country’s total GDP by its total debt indicates thecountry’s ability to pay back its loans. The higher the percentage, the higherthe risk of a country being unable to pay the interest on its debt, andtherefore...Read More
With his portfolio "solidly anchored" in silver and gold, sector expert Michael Ballanger opines on how bankers and politicians can manipulate markets.As a child, I used to get quite excited at the prospect of having my English "Gran" read me the Hans Christian Andersen book "The Emperor's New Clothes." I found the tale fiendishly amusing, as the charlatan tailor uses lethal doses of fla...Read More
By: Ira EpsteinGold daily chart shows maybe needs more work in the $1,600's. As it builds into an uptrend. The bollinger bands are widening up on the daily..Read More
Currency is being created 'on scale never seen before in the history of mankind'Mark O'Byrne, research director at GoldCore.com told IG TV that markets are likely in a long-term bull market for gold and silver and a bear market for equities as the pandemic weighs on the global economy and creates a recession or an economic depression.Gold has made significant gains this year, with investors floc...Read More
The Dow finished the day up over 700 pointsThe Dow finished the day up over 700 points, continuing its rally after many investors reacted to news that U.S. Senator Bernie Sanders officially dropped out of thepresidential race. Though coronavirus still brings uncertainty reaching beyond the second quarter, the potential plateau of cases is sparking new optimism. The S&P 500 and Nasdaq also closed...Read More
Analysts are very bullish on UnitedHealth stockUnitedHealth Group Inc (NYSE:UNH) announced last night that it will speed up payments and support totaling nearly $2 billion to health care providers in order to combat the financial challenges posed by the coronavirus pandemic. Additionally, UNH is just one of many health insurers getting a bump after Senator Bernie Sanders announced that he is pull...Read More
GOLD has broken out above a short-term trendline As gold prices continue to skyrocket, mining stock Barrick Gold Corp (NYSE:GOLD) has, to the same tune, broken out above a short-term trendline. GOLD now has a bevy of ascending moving averages in place acting as support, even as the shares' weekly moving averages - which had been in a nine-year downtrend - have turned upward. With these newfound cu...Read More
Pinterest's first-quarter guidance beat analysts' estimates Digital scrapbook platform Pinterest Inc (NYSE:PINS) is charging higher today after the company forecast $269 million to $272 million in revenue for its first-quarter, exceeding analysts expectations. The social media concern also predicted its monthly active users (MAUs) to exceed its fourth-quarter MAUs, though it pulled its 2020 guidan...Read More
Fastenal is expected to post its quarterly report early next weekThe shares of industrial and construction supply manufacturer Fastenal Company (NASDAQ:FAST) are attempting a comeback today, up 1.5% at $32.49, just ahead of the firm's first-quarter earnings report, due out next week on Tuesday, April 14. Meanwhile, J.P. Morgan Securities just downgraded FAST to "underweight" from "neutral", though...Read More
Senator Bernie Sanders is dropping out of the 2020 presidential raceThe Dow Jones Industrial Average (DJI) is extending its gains at midday, currently up over 500 points, as investors react to news that Senator Bernie Sanders officially dropped out of the 2020 presidential race. The Nasdaq Composite (IXIC) and S&P 500 Index (SPX) are also experiencing rises, despite mixed messages regarding...Read More
Raymond James downgraded to "underperform" from "market perform"Extra Space Storage Inc (NYSE:EXR) is down 0.6% to trade at $96.89 this morning, following a downgrade from Raymond James. Their analyst in coverage, Jonathan Hughes, cited that the "risk/reward skews negatively," and moved EXR to "underperform" from "market perform."Since a three-year low of $72.70 on March 23, Extra Space Storage st...Read More
DKS has seen an increase in put open interest over the past yearAfter it previously announcing that due to the impact of COVID-19 it was temporarily reducing the salaries of its executives, senior leadership and other teammates, Dick's Sporting Goods (NYSE:DKS) this morning said it will furlough a significant number of the workforce beginning April 12. The company, however, will continue to provi...Read More
The electric automaker is furloughing all non-essential workers and implementing salary cuts Tesla Inc (NASDAQ:TSLA) is up 1.9% $555.75 this morning after announcing its imminent plans in response to the coronavirus via email to U.S. employees. TSLA said it would furlough all non-essential workers for the time being and cut pay for salaried employees until the end of the second quarter The firm pl...Read More
Tesla is furloughing all non-essential workers and cutting employee salariesAfter yesterday's roller-coaster session, Dow Jones Industrial Average (DJI) futures are signaling triple-digit gains this morning. There continues to be a slew of mixed messages as to whether the coronavirus pandemic is slowing; Johns Hopkins University reported a drop in daily case increases since Friday, but yesterday...Read More