By: David HaggithHaving predicted last year that a recession would begin in the summer of 2019 and that it would likely start with a major repo crisis, I am now proven wrong by 2019's fourth-quarter GDP. If the repo crisis that started in the final week of summer had actually been the start of a recession, we would have seen fourth-quarter GDP go negative. Instead, it came in at 2.1% growth.I fi...Read More
Jordan Roy-Byrne CMT, MFTALast week we noted that the risks in precious metals were primarily technical. Sentiment and technicals urge caution over the short-term. The net speculative position in Gold has remained high for months while the 21-day daily sentiment index (DSI) hit 81%. Since the sector peak five months ago, Silver and the gold stocks have corrected in price while Gold has made a...Read More
Stewart Thomson 1. Are gold miners poised to begin a long period of outperformance against gold?2. I've argued that most gold stocks peaked against gold bullion in 2006. GDX $31 and GDXJ $46 are my "launchpad" numbers for a major new bull run, a run that could last for decades.3. Please click here now. Schroders fund manager James Luke believes the miners peaked in 2005.4...Read More
By: Ira EpsteinEnergy prices have taken a beating, other markets too. Gold breaking $1,567.90 would break the trend and stall the market..Read More
I used to identify "corona" with my favorite beer. But now "corona is a dreaded word globally due to virus. Nations and central banks are intervening, talking and doing all sorts of things to alleviate concerns of the negative impact on economy. Financial markets are now manipulated in every nation. Trend from Monday (10th February) will be the key to gold and silver price. Key US economic data...Read More
The Dow added 470 points, despite swirling coronavirus anxieties U.S. stocks marked another day of impressive gains. Most notably, Tesla's (TSLA) two-day record-breaking surge sent the Nasdaq to a record-breaking peak of its own, just above 9,485 points. A lead in tech also helped lift the index, as shares of Apple (AAPL) and a handful of chip stocks induced additional tailwinds. The Dow, meanwhil...Read More
Peloton is set to report its fiscal second-quarter earnings after markets close tomorrow Fitness concern Peloton Interactive Inc (NASDAQ:PTON) has been chugging quietly higher since coming under scrutiny for its holiday advertising tactics back in December, with solid support at the 60-day moving average emerging late that month. In fact, the equity is already up 21% year-to-date, with the stock l...Read More
SNAP has surged 171% over the past 12 monthsSnapchat parent Snap Inc (NYSE:SNAP) is 3.5% higher today, last seen at $18.86, as the options market gears up for the company's fourth-quarter report, which is scheduled for after the close today. Below we will take a look at how SNAP has been maneuvering the charts, and what the options market expects to see after the highly anticipated report. Th...Read More
Reports that China's central bank will be taking measures to prop up the suffering economy gave stocks a boost, tooDay two of U.S. stocks' recent rebound continues with the Dow Jones Industrial Average (DJI) marking a roughly 400-point pop in afternoon trading. Tech remains in the spotlight midday, with chip stocks Nvidia (NVDA) and Micron Technology (MU) brushing off last weeks coronavirus head...Read More
ELF is pushing above two levels of resistanceCosmetics name e.l.f. Beauty Inc (NYSE:ELF) is moving 5.4% higher this morning, last seen at $17.23 surging on the heels of an upgrade to "overweight" from "neutral" out of Piper Sandler. This was triggered by a TikTok campaign the company had put out in late 2019 called "#elfingamazing," which has since gathered billions of views. ELF is now eyeing i...Read More
Clorox posted fiscal second-quarter profits and revenue that exceeded analysts' estimates The shares of Clorox Co (NYSE:CLX) are pushing higher this morning, up 5.4% to trade at $164.36, after announcing fiscal second-quarter profits of $1.46 per share and $1.45 billion in sales, beating analysts' estimates. In addition to this, the Burt's Bees parent lifted its full-year profit forecast, citing s...Read More
Needham hiked its price target on Luckin to $40 from $27China-based coffee giant Luckin Coffee Inc (NASDAQ:LK) is recuperating some of its coronavirus-induced losses this morning, after Needham lifted its price target to $40 from $27 -- a 27% premium to last night's close. The analyst said that the Starbucks (SBUX) competitor's growing tea unit looks promising, valuing the business at $10 per shar...Read More
Alphabet is dragging on a disappointing reportU.S. markets are eyeing another open in the black, the Dow Jones Industrial Average (DJI) upwards of 300 points in electronic trading, while the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are on track toward notable opens of their own. The tech and travel sectors looks to be a main driver this morning, with Apple (AAPL) and Carnival (CCL) set...Read More
Jack ChanPosted Feb 3, 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.A very significant week in price action as both support and resistance are established.A bull flag is now in progress in the $XAU……In the $HUI…….In the GDX……And in the GDXJ.The big picture is b...Read More
Dr. Francis Boyle discusses the coronavirus outbreak in Wuhan, China and the Biosafety Level 4 laboratory (BSL-4) from which he believes the infectious disease escaped. He believes the virus is potentially lethal and an offensive biological warfare weapon or dual-use biowarfare weapons agent genetically modified with gain of function properties, which is why the Chinese government originally tried...Read More
Bob Moriarty ArchivesFeb 4, 2020Prime Mining (PRYM-V) has picked up an existing gold mine in Sinaloa Mexico with a production history going to the 18th Century.Guadalupe de los Reyes is estimated to have produced 500,000 to 600,000ounces of gold and 40 million ounces of silver. Prime is buying the project for $6 million and a 1% NSR. The 6300 square km property comes with a 43-101 resource of 535,...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comFeb 4, 2020Are gold miners poised to begin a long period of outperformance against gold?I’ve argued that most gold stocks peaked against gold bullion in 2006.GDX $31 and GDXJ $46 are my “launchpad” numbers for a major new bull run, a run that could last for decades.Please...Read More
Stewart Thomson 1. Are gold miners poised to begin a long period of outperformance against gold?2. I've argued that most gold stocks peaked against gold bullion in 2006. GDX $31 and GDXJ $46 are my "launchpad" numbers for a major new bull run, a run that could last for decades.3. Please click here now. Schroders fund manager James Luke believes the miners peaked in 2005.4...Read More
By: Gary Savage Gold stocks update, are we near our lows?Read More