RBC lifted its price target on AMD to a street high of $53A bull note from RBC helped lift the shares of semiconductor name Advanced Micro Devices, Inc. (NASDAQ:AMD) this morning. The stock is up 1.3%, now trading at a 12-year high of $46.06, after the analyst raised its price target to a Street high of $53 from $50. The broker also hiked it full-year forecast in order to reflect strengthening dat...Read More
ACB has shed 60% in 2019Weed specialist Aurora Cannabis Inc (NYSE:ACB) is up 1.5% this morning at $2.04, despite receiving a downgrade to "hold" from "buy" out of Jefferies yesterday afternoon. Interestingly enough, the downgrade came on the heels of news the company's Chief Corporate Officer (CCO) Cam Battley has resigned, and yesterday's announcement it has created steps to reduce debt and boos...Read More
The stock market will close at 1 p.m. ET todayThe holiday-shortened week started with another record close, and Dow Jones Industrial Average (DJI) futures are set to add more gains this morning. The S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are also on pace for positive opens today, although the news slate is bare and trading volume is likely to be low, with markets closing at 1 p.m. ET fo...Read More
Support remains at the 20-day moving averageSoftware name Sea Ltd (NYSE:SE) has more than tripled in 2019, and over the last few months have been on a steady trend higher. With a layer of support embedded in the rising 20-day moving average and the peak call open interest expiring at the December 40-strike, now looks like the perfect opportunity to bet on SE's next leg higher. In the options pit...Read More
Jack ChanPosted Dec 23, 2019Gold 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.Gold sector as represented by $HUI is on a short-term sell signal.Short-term signals can last for weeks and are more suitable for traders.Speculation remains high despite the recent pullback.Speculation is at a reasonable level to res...Read More
Nenad Kerkez16 hours ago (Dec 23, 2019 8:42 AM GMT)1475 zone looks very supportive. We see ascending trend line and a potential for ascending scallop pattern. Higher time frames are also bullish and we should see another attempt to proceed further up towards 1490 and 1493. If the price manages to close above 1493, then 1500 is next.At this point its all about bulls. We might see a retracement down...Read More
Tomasz Wi?>niewski13 hours ago (Dec 23, 2019 11:49 AM GMT)Despite traders slowly falling in the winter dream, we still managed to find three great trading setups.First one is Gold, which is quite surprisingly going up today. Surprisingly because the USD is stronger and stocks are higher. So two, usually negative factors for the bullion are present on the market. This rise is even more weird as it...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comDec 24, 2019Massive upside breakouts are taking place across the precious metals sector.Many mining stocks, especially silver-oriented, are skyrocketing.Unfortunately, I believe most investors who are Trump fans have become over-obsessed with the relatively minor but media-promoted gains i...Read More
David HaggithThis little monster that feeds beneath the surface of global banking at its core briefly raised one ugly eye out of the water as 2018 turned into 2019. I wrote back then that the interest spike we saw in the kind of overnight interbank lending known as repurchase agreements (repos) was just the foreshock of a financial crisis being created by the Fed's monetary tightening. I said th...Read More
Joseph T. SalernoThe flood of obituaries that noted the passing of Paul Volcker (1927-2019) last week have almost all lauded his achievement as Fed chair (1979-1987) in reining in the double-digit inflation that ravaged the US economy during the 1970s.Volcker was referred to as the "former Fed chairman who fought inflation" (here); "inflation tamer" and "a full-fledged inflation warrior" (here...Read More
- Clint Siegner, Money MetalsZero Interest Rate Policy (ZIRP) was considered "extraordinary" when central bankers rolled that out roughly ten years ago. At that time, people would still have laughed at the idea of negative interest rates. Lenders didn't pay borrowers and nobody paid their bank to hold their deposits.So much has changed in the past 10 years. Now negative interest rate policies (N...Read More
StrengthsThe best performing metal this week was silver, up 1.57 percent with money managers raising their net long position by about 20 percent. The number of gold bulls outnumbered the bears for a third straight week, according to the Bloomberg survey of gold traders and analysts. Turkey increased its gold reserves overall in the month of November to 18.16 million ounces, up from 17.79 milli...Read More
Gold and silver are bullish at the moment and can rise further. The more the rise, the more will be short covering and increase in long positions. This a golden Christmas for gold bulls but not so golden Christmas for the masses. Central bank are eating away are hard earned by using inflation as a policy measures for decision making. Inflation is nothing but price rise. Salaries are stable for m...Read More
Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, rigid ideology or conventional wisdom,...Read More
In this episode of the Keiser Report from Buenos Aires, Max and Stacy celebrate Christmas Eve with a look back at the biggest stories and trends of 2019. Deglobalization and Deglobalization roared ahead in the year as central banks started stockpiling and repatriating gold. It was also a year that was almost the opposite of 2018 in that going long almost anything performed well: from stocks to bon...Read More
Is Paul Volker a legend or a myth? He's largely credited as the man who broke the back of inflation. While he vigorously attacked inflation through double digit interest rates, but that was after the Fed had dramatically raised the money supply and caused the inflationary wave we were suffering through. History will be the judge of interest rate manipulation.Read More
Holiday shopping set records this past weekend, with Super Saturday sales reaching $34.4 billion, the largest single day in U.S. retail history, according to Customer Growth Partners.Continue...Read More
On a day when most Americans are spending time with family and friends, gold logged a significant breakout on its chart. Continue...Read More
For full ownership, the earn-in period is two years. Newrange Gold Corp. (NRG:TSX.V; NRGOF:OTC) announced in a news release it entered an agreement to earn in 100% of AurCrest Gold's Western Fold property in Ontario's Red Lake District."We see the Western Fold property option as a low cost and potentially high reward opportunity for the company while we continue to advance our flagship Pamlico pr...Read More
The highlights and benefits of the transaction are provided in a Haywood report. In a Dec. 17 research note, Haywood analyst Kerry Smith purported that Equinox Gold Corp.'s (EQX:TSX.V) acquisition of Leagold Mining is "a good transaction at a good price" and recommended accumulating shares.Smith outlined the deal. With the transaction, Leagold shareholders will receive 0.331 of an Equinox share,...Read More