MCHP call buying has been very popular The shares of semiconductor concern Microchip Technology Inc. (NASDAQ:MCHP) are making a strong move higher today, last seen up 6% at $109.93 and earlier tapped an all-time high of $110.80, thanks to the company's bullish sales outlook from last evening. This extends the equity's impressive trend higher in recent months, and call traders continue to pile on t...Read More
Walgreens Boots Alliance reports Q1 earnings after the close tomorrowEarnings season is just around the corner, and the first Dow name up is Walgreens Boots Alliance Inc (NASDAQ:WBA), with the pharmacy name set for its first-quarter report before the open tomorrow, Jan. 8. Ahead of the event, options traders are taking a greater interest in the blue chip.Diving right in, nearly 4,000 calls have c...Read More
Investor attention is still firmly on geopolitical tensions between the U.S. and the Middle EastToday's better-than-expected U.S. services data from the Institute for Supply Management (ISM) has done little to move stocks, as investor focus remains glued to bubbling geopolitical tensions between the U.S. and the Middle East. The Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) are both...Read More
The $30 trendline had acted as resistance over the past yearApache Corporation (NYSE:APA) is one of the best stocks today thanks to what's being described as a "major oil discovery" off the coast of the South American country Suriname. This has the shares of APA rising 16.5% to $29.86, putting them above the 200-day moving average, which had been resistance on multiple occasions over the past year...Read More
There's pessimism among analysts and short sellers to be unwoundThe shares of FireEye Inc (NASDAQ:FEYE) are up 2.5% to trade at $18 this morning, after SunTrust Robinson raised its rating to "buy" from "hold." The analyst in coverage -- while also upping its price target to $22 from $15 -- noted the Middle East tensions will lead to more government and private sector spending on cybersecurity. S...Read More
Pier 1 said it will be closing around half its stores and cutting jobs Homegoods retailer Pier 1 Imports Inc (NYSE:PIR) announced last night that it would be shuttering nearly half its stores and cutting jobs. The firm also issued a warning over its ability to carry on as a going concern, as Amazon (AMZN) and other e-tailers continue to corner the market. Additionally, a Bloomberg report suggested...Read More
Investors are weighing a big drop in the U.S. trade deficitU.S. stock futures are mixed this morning, as the Dow Jones Industrial Average (DJI) will try to again shrug off the lingering tensions around Iran. Outside of this, traders are considering a bigger-than-expected decline in the U.S. trade deficit for November, with more economic data due out shortly after the open. With little else on toda...Read More
Tesla has nearly doubled within the past six monthsElectric car maker Tesla Inc (NASDAQ:TSLA) is back in headlines this morning, fresh off news it has begun production for its Model Y SUV in its new Shanghai factory. Tesla recently announced the delivery of its Model 3 sedans, as well as a 16% price drop on the vehicle after receiving subsidies from China. This morning, TSLA is up 1.3% at $459.07...Read More
AG ThorsonJan 03, 2020 07:38 AM GMTIn my article – Gold Prices Close to A Decisive Break, I described how gold was at a critical juncture. The trend broke higher a few days later and confirmed a cycle breakout. The next advance is underway, and I see significant potential in platinum as prices play catchup.Dollar BreakdownThe US dollar has rolled over and broken vital support. This sho...Read More
By: Ira EpsteinGold's move to 7-year highs, what to look for next: resistances and supports:Read More
Focus will now shift to US December private ADP job numbers tomorrow and Friday's US December nonfarm payrolls. Both these numbers should come it at or over 160,000 for gold and silver to see selling pressure. Use sharp dips to invest for Easter in both gold and silver. Trade pact with China and Brexit has already been factored by the markets. Trump has started 2020 with a fragile Middle east an...Read More
Peter Epstein of Epstein Research profiles this explorer and explains why he believes it could be a take-out target.Strong drill results have confirmed and expanded the Bend Vein target on Scottie Resources Corp.'s (SCOT:TSX.V) 100%-controlled Bow property. During September, the company completed 878 meters of diamond drilling, 2 km NE of the 100%-owned past-producing Scottie Gold Mine located in...Read More
Fund manager Adrian Day reviews recent developments with precious metals producers in his portfolio. Newmont Goldcorp Corp. (NEM:NYSE, $42.83) is in our portfolio because Newmont acquired Goldcorp. Over the past eight months, it has been active with major sales, including 50% of Kalgoorlie in Australia Barrick also sold the other 50% just a little before and Red Lake (which came with Goldcorp), b...Read More
Maurice Jackson of Proven and Probable and Jayant Bhandari of Capitalism and Morality talk about the dangers posed by education, prosperity and democracy to economic stability and the accumulation of wealth. Maurice Jackson: Joining us for conversation is Jayant Bhandari, the founder of Capitalism and Morality and highly sought-out advisor to institutional investors. Mr. Bhandari, welcome to the...Read More
The year included achievements related to exploration and finances. Great Bear Resources Ltd. (GBR:TSX.V; GTBDF:OTCQX) CEO Chris Taylor recapped the 2019 year in his annual letter to shareholders. "It was a very good year for our company," he wrote. He listed four of Great Bear's key accomplishments. In terms of exploration at its Dixie project, it discovered six new gold zones along 4 kilometers...Read More
Normally, after tensions between Iran/Iraq and the US flare-up, Oil and Gold rally quite extensively but reversed sharply lower by the end of the session. Yes, Gold is 1% higher today and was up over $35 overnight, but Crude Oil has actually moved lower today which is a fairly strong indication that disruptions in oil supply from the Middle East are not as concerning as they were 10+ years ag...Read More
Gold and silver investors buy metals because they are scarce.Precious metals are by nature difficult to find, and hard to produce.Consequently, above ground stocks are limited and valuable, particularly whenpriced in unlimited fiat currencies. The bankers and government officials behind these fiat currencysystems don’t like stable monetary benchmarks such as gold putting theirinflation schem...Read More
Bob Moriarty ArchivesJan 7, 2020We are in the best time of the year to be invested in resource stocks. That is from late December into perhaps March. Add to that a quite insane US President eager to accelerate the start of World War III for Israel and you have what at least will be an interesting environment until the US either regains its sanity or becomes a pile of ashes.I was in a war. I didn&r...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comJan 7, 2020As America loses a ridiculous trade war and manufacturing activity tumbles to 10year lows, the nation’s horrific GDP growth rate for 2019 was ranked an abysmal... number 107 in the world.The outlook for 2020 is even worse.The government’s debt to GDP ratio is more th...Read More
By: Ira EpsteinGold's move to 7-year highs, what to look for next: resistances and supports:Read More