Dave KranzlerMake no mistake, the financial system is collapsing under one giant margin call being issued to banks and hedge funds. How big? No one knows. The Fed obviously was preparing for something when it commenced its money printing in September. But it had no idea of the scale of the underlying systemic problems. Coronavirus is not the cause of what's unfolding in the markets - it mere...Read More
Today, after another devastating day in the markets we are going to stand back and take a "big picture" view of what is going on.This is not some ordinary run-of-the mill bearmarket that is starting here - it is the beginning of a devastating collapse that is necessary to clear the system of all the accumulated dross that has built over many years. A "reset" is an apt word to describe it.The rot...Read More
By: Ira EpsteinGold breaking below the 18-DMA with support coming in below at..Read More
Oil and gold are plummeting as wellAnother day, another disaster on Wall Street. The Dow fell by 2,352 points, it's largest one-day plunge since 1987. The S&P 500 and Nasdaq joined the Dow in bear market territory, with all three benchmarks finishing 9% lower or more. After another circuit breaker this morning, stocks pared some losses around midday after the Fed announced an increase temporary li...Read More
Former company CEO Hubert Joly announced his resignation as Executive Chairman todayThe shares of Best Buy Co Inc (NYSE:BBY) are having a rocky day on the charts, now down 13.1% at $56.82, lower on the heels of the company's Executive Chairman, Hubert Joly's, resignation. Joly, who formerly served as the company's CEO, will not stand for re-election at the June 11 shareholder meeting, and J. Patri...Read More
FedEx, General Mills, and Lennar all step into the earnings confessionalNext week will be an important one on Wall Street, especially in the wake of the coronavirus outbreak reaching pandemic status. In addition to any possible measures to combat COVID-19, the Fed will hold its two-day meeting beginning on Tuesday, and culminate in remarks from Fed Chair Jerome Powell Wednesday afternoon. On top o...Read More
Ulta Beauty will post its fourth-quarter earnings after the close tonight Ulta Beauty Inc (NASDAQ:ULTA) has been no stranger to the broadmarket selloff. The stock hit a four-year low of $190.83 earlier today, and is now down 6.30% to trade at $206.77, right ahead of its fourth-quarter earnings report, due out after the close this evening. Despite this dip, there's still plenty of bullish sentiment...Read More
Broadcom is expected to reveal its fourth-quarter report after the close tonightChip stocks have not been immune to the broad market sell-off that has sent the Dow into bear market territory earlier today. That puts the companies' earnings reports in the crosshairs, and options traders are responding in kind. For example, Apple supplier Broadcom Inc (NASDAQ:AVGO) will report fourth-quarter earnin...Read More
The S&P 500 Index also followed Dow into bear-market territoryAs coronavirus fears spread within the U.S. and the Trump Administration struggles to provide a tangible fiscal response, the Cboe Market Volatility Index (VIX) jumped to higher than 69.26, its highest mark since the 2008 market crash. Trading paused with yet another "circuit breaker" as well, after U.S. President Donald Trump initiated...Read More
CME Group closed its Chicago trading floor due to concerns over the spread of the coronavirus CME Group Inc (NASDAQ:CME) is down 7.16% to trade at $180.74 this morning on news that the exchange operator is planning on closing its Chicago trading floor on Friday evening, due to the spread of coronavirus, with a reopening date dependent upon further news of the pandemic. The market will remain ava...Read More
Boeing stock is plummeting on its first downgrade from JPM in yearsAs the airline sector continues to reel in the face of the spreading coronavirus, Boeing Co (NYSE:BA) is no exception. BA was last seen trading down at 14.1% at $162.36, earlier touching a nearly three-year bottom of $155.55. Boeing announced it would be halting hiring and restricting overtime and work-related travel, while also re...Read More
The retailer's fourth-quarter earnings and revenue reports fell well below analysts' expectationIt looks like the fun may be over for Party City Holdco (NYSE:PRTY) as it heads deeper into penny stock territory today, down 48.6% at $0.66 and earlier opened at a new record low of $0.54. This deepening spiral comes after the firm reported adjusted fourth-quarter earnings of 51 cents per share, well b...Read More
President Trump's temporary ban on travel from Europe is spooking investors this morning Today marks the second time this week that the major exchanges were stopped, after stock futures reach a "limit down" loss of over 5% before the open. Dow Jones Industrial Average (DJI) futures, once again, are pointing toward a loss of over 1,000 just one day after ending its longest bull market on record,...Read More
Jack ChanPosted Mar 11, 2020Gold sector as represented by $HUI is on a long-term BUY signal.Long-term signals can last for months and are more suitable for investors.Short-term is on SELL signal. Short-term signals can last for days and weeks and are more suitable for traders.Speculation on gold is at a new high, but what's more important is, a new speculative bottom is now established. That will...Read More
Dave KranzlerMake no mistake, the financial system is collapsing under one giant margin call being issued to banks and hedge funds. How big? No one knows. The Fed obviously was preparing for something when it commenced its money printing in September. But it had no idea of the scale of the underlying systemic problems. Coronavirus is not the cause of what's unfolding in the markets - it mere...Read More
David Haggith(March 11, 2020)The bear roared today, ripping the ears off everyone, as the Dow and Russel 2000 both landed more than 20% below their last peak. Their 19-session rampage landed a record as the, steepest, fastest downhill bear run in the history of the US stock market.The market's waterfall run over the cliffs now looks like El Capitan.Of course, the rise of the bear also means the...Read More
Today, after another devastating day in the markets we are going to stand back and take a "big picture" view of what is going on.This is not some ordinary run-of-the mill bearmarket that is starting here - it is the beginning of a devastating collapse that is necessary to clear the system of all the accumulated dross that has built over many years. A "reset" is an apt word to describe it.The rot...Read More
By: Ira EpsteinGold breaking below the 18-DMA with support coming in below at..Read More
Ron Struthers of Struthers' Resource Stock Report discusses the current market meltdown and the longer-term outlook for the markets and gold. Although I know of some great companies and stocks out there, it is best just to wait. Markets are going a lot lower and investors in the main indexes and techs won't have a recovery in their portfolios for many, many years. Gold is being sold down too at t...Read More
The highlights of Wesdome Gold Mines' 2019 are presented in an iA Securities report. In a March 11, 2020 research note, iA Securities analyst George Topping reported that Wesdome Gold Mines Ltd. (WDO:TSX) had "another strong year" in 2019.The analyst reviewed the highlights. Production in 2019 of 91,700 ounces (91.7 Koz) fell in the high end of guidance. Throughput was decreased but made up for b...Read More