- Mike GleasonComing up we'll hear an eye-opening interview with Craig Hemke of the TF Metals Report. Hear from the man who accurately predicted a year ago that 2019 would be the best year for gold and silver since 2010. And we'll hear his new call for 2020. Craig also takes serious issue with some of the gold naysayers and perma-bears and calls them out for being blinded by their agendas. So...Read More
The Long NowNot Worth the RiskUnproductive and Non-LinearThe Great ResetNew York and the Most Optimistic Man in the RoomIf living dangerously is your goal, just keep adding reasonable, manageable, prudent risks. Eventually they'll add up to serious danger.Hyman Minsky showed how stability leads to instability. Humans have a way of reinterpreting stable periods that seemingly redefines words like...Read More
By: Ira EpsteinGold monthly shows gold still up $37. Gold monthly shows upside breakout, Bollinger upper band around $1,600 and rising on the monthly charts, bullish. Weekly chart gold at highest close in years. Gold has broken out of this drifting pattern:Read More
- Mike GleasonComing up we'll hear an eye-opening interview with Craig Hemke of the TF Metals Report. Hear from the man who accurately predicted a year ago that 2019 would be the best year for gold and silver since 2010. And we'll hear his new call for 2020. Craig also takes serious issue with some of the gold naysayers and perma-bears and calls them out for being blinded by their agendas. So...Read More
The Long NowNot Worth the RiskUnproductive and Non-LinearThe Great ResetNew York and the Most Optimistic Man in the RoomIf living dangerously is your goal, just keep adding reasonable, manageable, prudent risks. Eventually they'll add up to serious danger.Hyman Minsky showed how stability leads to instability. Humans have a way of reinterpreting stable periods that seemingly redefines words like...Read More
LONDON, 12 January 2020 - BullionVault is named today as a low-cost way to invest in physical gold by The Sunday Times, the UK's best-selling quality weekend paper.Reporting on a "sale" of coins and bars announced by the Royal Mint, "its retail prices remain higher than at competitor BullionVault, where gold currently trades at ?1192 per ounce," says award-winning columnist - and former editor of...Read More
Adam HamiltonArchivesJan 10, 2020 Gold dramatically surged to major new secular highs this past week, fueled by stunning geopolitical news. The US assassinated Iran's top general, so Iran fired ballistic missiles at military bases in Iraq used by the US. That naturally ramped gold bullishness, spawning all kinds of predictions for much-higher prices. But geopolitically-driven gold spikes never las...Read More
Gold’s safe haven status was tested this week, as Iran countered the assassination of its top military commander with missile strikes against two Iraqi bases housing US troops. On Tuesday night Tehran fired over a dozen missiles at the Al-Asad airbase and Erbil airport, in obvious retaliation against an American drone strike a few days earlier that killed General Qassem&n...Read More
Gold dramatically surgedto major new secular highs this past week, fueled by stunning geopolitical news. The US assassinated Iran’s top general, so Iranfired ballistic missiles at military bases in Iraq used by the US. That naturally ramped gold bullishness,spawning all kinds of predictions for much-higher prices. But geopolitically-driven gold spikes neverlast long, and th...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 383,48061,189139,363202,452558,533725,295759,085 Change from Prior Reporting Period 1,8607,494-1,248-473-10,883139-4,637 Traders 23670875458324185 Small Speculators LongShortOpen Interest 60,56226,772785,857 -4484,328-309 non reportable positionsChange fr...Read More
- Richard (Rick) MillsGold's safe haven status was tested this week, as Iran countered the assassination of its top military commander with missile strikes against two Iraqi bases housing US troops.On Tuesday night Tehran fired over a dozen missiles at the Al-Asad airbase and Erbil airport, in obvious retaliation against an American drone strike a few days earlier that killed General Qasse...Read More
Gold dramatically surged to major new secular highs this past week, fueled by stunning geopolitical news. The US assassinated Iran's top general, so Iran fired ballistic missiles at military bases in Iraq used by the US. That naturally ramped gold bullishness, spawning all kinds of predictions for much-higher prices. But geopolitically-driven gold spikes never last long, and the gold buy...Read More
- Gary TanashianOnce again I have to disclaim that at the moment (and for quite some time now) I hold not one single short position, in anything. I am only long US and global stocks. But also managing cash and portfolio balance as usual while feeling as though I'm playing a game of Musical Chairs while the music still plays (nothing nearly as good as Keith's style, which has always resonated w...Read More
By: Avi GilburtOriginally published on Sat Jan 4 for members of ElliottWaveTrader.net: Back in October and early November, I was preparing our members for the next rally phase I was expecting in the metals complex. And, when the 144-minute MACD on the silver chart signaled a bottom in early December, I noted it was no longer time to look down, but we need to be looking higher in a more s...Read More
By: Ira EpsteinGold needs an impetus in the near-term to get gold back to early week highs:Read More
Traders will either close short positions or go long on the weekend. Iranian risk is there. My initial reaction after the news of Ukrainian airlines crash in Tehran was that of a missile hit. I may be right. USA, Canada and UK are all now saying that Ukrainian airlines was hit an Iranian missile. In my view missile may or may not be Iranian. NATO/USA has started the escalation of war like situat...Read More
All three benchmarks nabbed big weekly winsThe Dow limped into the weekend with a triple-digit loss, despite crossing a historic milestone earlier in the day. After toppling the 29,000 level for the first time ever and nabbing a new record high, the blue-chip index pivoted lower as a lackluster jobs report weighed on Wall Street. The S&P 500 and Nasdaq nabbed record highs of their own, but also e...Read More
The company warned of weaker-than-expected Andexxa revenuePortola Pharmaceuticals Inc (NASDAQ:PTLA) stock is at the bottom of the Nasdaq today, downafter the drugmaker issued preliminary earnings for the fourth quarter and 2019. PTLA said it expects global and U.S. revenue from Andexxa -- its reversal treatment for uncontrolled bleeding -- to fall well below consensus estimates.A round of bear not...Read More
Nektar and Bristol-Myers Squibb will expand an ongoing late-stage collaborative trial The shares of Nektar Therapeutics (NASDAQ:NKTR) are pacing for their biggest one-day jump in almost two years after the firm amended its collaboration agreement with Bristol-Myers Squibb (BMY). The two will expand an ongoing trial combining NKTR's bempegaldesleukin cancer therapy with BMY's cancer drug Opdivo, th...Read More
Iran headwinds eventually faded later in the weekIf the next decade is anything like the first full week of 2020, Wall Street is in for a wild ride. U.S.-Iran tensions were at the forefront to start, as investors unpacked the headlines surrounding the killing of Iranian military commander Qassem Soleimani. Gold prices exploded in response, as investors sought the safe-haven asset amid geopolitic...Read More