In late December 2019, a bill from the German finance ministry –which had passed the lower legislative house – proposed lowering the "anonymouspurchase limit" for precious metals from €10,000 to €2,000 (about $2,200),a reduction of 80%. At the current price, one could buy less than one and one-halftroy ounces of gold without activating customer ID paperwork, and for...Read More
By: Ira EpsteinGold 18-dma support at $1,564.80. Resistance around $1,587/8. Gold swings hard to call market..Read More
To me the fall in gold price is just a correction and nothing else. Traders will prefer not to get caught off guard in FOMC tonight. Margin calls on stocks and crude oil also resulted in traders closing long positions in gold. Technical sellers came into play once gold started falling. Silver got knocked down as it failed to trade over $18.00. The combination of gold price fall along with sell o...Read More
AAPL and BA were two big earnings winners todayThe Dow scraped together another win today, propped up by post-earnings surges from blue chips Apple (AAPL) and Boeing (BA). The blue-chip index was up more than 220 points at its session highs, but pared away most of its gains in the final hour. Elsewhere, the Federal Open Market Committee (FOMC) wrapped up its January meeting by keeping the benchma...Read More
Booking stock looks like a great pick for bulls next monthThe month of January is coming to an end, and its no secret that the start to 2020 has already been a wild ride for stocks. Looking ahead to February, the shortest month of the year still comes with its own notable winners and losers, and below, we will take a look at the former, guiding you toward 25 S&P 500 Index (SPX) stocks that have hi...Read More
Cree is expected to report earnings after the close tonight Semiconductor concern Cree, Inc. (NASDAQ:CREE) is part of the sector-wide slide happening today, after several chip stocks posted disappointing quarterly reports. At last check, CREE was down 0.9% to trade at $51.85, after running into a recent ceiling at the 200-day moving average earlier today. This comes just ahead of its own quarterly...Read More
MGM is typically one of the worst performers in FebruaryCasino stocks have taken a hit recently, as the coronavirus outbreak disrupts Macau's gambling operations. While MGM Resorts International (NYSE:MGM) is up 1.9% to trade at $31.56 today, things won't get easier for the casino stock in February. That's because MGM showed up on a list of the worst S&P 500 stocks to own in February over the pa...Read More
Apple and Boeing are continuing to prop up the Dow midday, as the former snaps up a brand-new highThe Dow Jones Industrial Average (DJI) is holding steady on its morning gains, with a more than 100-point pop at the midway mark, as blue chips Apple (AAPL) and Boeing (BA) continue to prop up the index, with the iPhone manufacturer hitting an all-time high. Meanwhile, the S&P 500 Index (SPX) and th...Read More
AMD was overdue for bull notes anywayChip name Advanced Micro Devices, Inc. (NASDAQ:AMD) took its turn in the earnings confessional this morning, and the results were all over the place. The company reported adjusted fourth-quarter earnings of 32 cents per share on $2.13 billion in revenue, both of which topped analyst estimates. However, AMD's revenue forecast for the first quarter came in well...Read More
AMD was overdue for bull notes anywayChip name Advanced Micro Devices, Inc. (NASDAQ:AMD) took its turn in the earnings confessional this morning, and the results were all over the place. The company reported adjusted fourth-quarter earnings of 32 cents per share on $2.13 billion in revenue, both of which topped analyst estimates. However, AMD's revenue forecast for the first quarter came in well...Read More
Amazon stock recently pulled back to its 50-day trendlineFAANG name Amazon.com, Inc. (NASDAQ:AMZN) is up 0.6% this morning at $1,863.38 after receiving a double dose of price-target hikes out of BMO and Deutsche Bank. The brokerage firms raised to $2,150 and $2,275, respectively, the latter of which represents a nearly 23% upside to last night's close of $1,853.25. This bullish sentiment is the no...Read More
A Wall Street Journal report said L Brands' CEO is considering a full or partial sale of its Victoria's Secret unit The shares of L Brands Inc (NYSE:LB) are eyeing their biggest one-day percentage in nearly 10 months, up 12.1% and trading at $23.05, after the Wall Street Journal reported that CEO Leslie Wexner is not only exploring a full or partial sale of the company's struggling lingerie unit V...Read More
AAPL's quarterly update is receiving bullish reviewsA busy week on Wall Street continues today with another full slate of earnings and economic updates. Traders are considering last evening's quarterly report from Apple (AAPL) that has shares of the tech giant moving higher before the open, and fellow blue chip Boeing's (BA) post-earnings gains, as well. Outside of corporate earnings updates, the...Read More
The Investor Intelligence poll is quite bullish right now Stocks were sailing smoothly for the first part of the year until investors balked after countries began taking action to contain the spread of the coronavirus. The S&P 500 Index (SPX) flirted with going negative on the year early in the week, but after yesterday's bounce back, the index is safely above that level. Typically, a few points u...Read More
"It's time to sell. We are totally out of stocks. . . . There is a difference between insiders and small investors. Small investors are upset if they miss another two or three percent to the upside, while the big investor is afraid they can lose 40% to the downside. I am afraid they can lose 40% to the downside. I am standing aside unless I see something totally different."Charles Nenner founded,...Read More
Bob Moriarty the founder of the websites 321gold.com and 321energy.com sits down with Maurice Jackson of Proven and Probable to discuss geopolitics, bursting bubbles, and some unique buying opportunities for speculators. Hear from one the most highly regarding minds, as he shares his thoughts on the impeachment trial of President Trump, and the impacts that it may have domestically as well as glob...Read More
For Parts 1 & 2 of this video series, CLICK HEREFor Part 3 of this video series, CLICK HEREFor Part 4 of this video series, CLICK HEREThe coronavirus has all the hallmarks of a true Black Swan event. In addition to presenting a major public health risk, the coronavirus is already doing serious economic damage. China, the world's second-largest economy, is essentially "closed for business" right no...Read More
"Silver is an internationally recognized, easily-transportable method of value whether we like it or not.""I certainly own silver - I bought more recently - and I'll continue to buy."Jim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund to a 4200% return before "retiring" at age 37. He is considered to be one of the greatest investors of all time. Rogers has m...Read More
"There's going to be a lot more buying of gold in the future."Doug Casey is an American-born libertarian economist and advocate of the free market. He is a bestselling financial author, international investor, entrepreneur, and the founder and chairman of Casey Research, a provider of subscription financial analysis about specific market verticals including natural resources/metals/mining, energy,...Read More
When it comes to understanding resources and resource stocks, Rick Rule truly has few peers. He's been in the game for over 4 decades and has profited accordingly. He's pretty certain that this new gold/resource bull market is for real. While it's encouraging that the noble metals (Platinum, Palladium & Rhodium) have been going like gangbusters, Rick says it's separate from what's going on in gold...Read More