Bob Moriarty of 321gold, in conversation with Maurice Jackson of Proven and Probable, expounds on his views of geopolitics, and discusses metal prices as well as a number of mining companies that he finds attractive right now. Maurice Jackson: Joining us for a conversation is the founder of the websites 321Gold and 321energy.com, and a world-famous best-selling author, Bob Moriarty. Mr. Moriarty...Read More
Dear Rich Lifer,'There's a myth that living trusts are only for the wealthy…'That's how the pitch starts.Living trusts, formerly known as revocable trusts, are marketed as a way for people to avoid the hassles and costs of probate.But what these slick salespeople won't tell you about living trusts is what I'm going to share today.Before we get too far along, let me start by saying that livin...Read More
YESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUMThe gold price was under quiet but extremely erratic selling pressure in Far East trading on the their Friday -- and the low tick of the day, such as it was, came around 9:15 a.m. in London. It crept quietly and unevenly higher until the 11 a.m. London close -- and at that juncture 'da boyz' in New York would not allow it to go any higher -- and...Read More
Dear Friend of GATA and Gold:Our friend Dave Kranzler of Investment Research Dynamics in Denver today elaborates on his commentary yesterday --http://www.gata.org/node/19589-- about the New York Commodities Exchange's invention of another mechanism for creating "paper gold." Kranzler writes today that the mechanism seems aimed at easing the pressure of the short position likely making serious tr...Read More
By: RambusOnce a year I try to post this very long term monthly chart for the $COMPQ which I call, "HISTORY CHART OF THE END OF THE WORLD." I built out this chart many years ago and update it when there is anything of interest to show. The last entry was the BREXIT vote in February of 2016. You my recall the markets were uneasy about the vote, but has been the case in the past it usually marks...Read More
By: Ira EpsteinGold ended the week higher but downside bias. Daily gold chart is neutral. $1,430's should see strong support if there is a larger sell-off. $1,487 area is initial resistance area..Read More
StrengthsThe best performing metal this week was silver, up 1.02 percent on little news. Gold traders and analysts were mostly bullish on their outlooks for gold next week despite lower prices. Fifty-three percent of respondents were bullish in the weekly Bloomberg survey. Serbia bought nine tonnes of gold in October and the metal now accounts for 10 percent of the nation's foreign reserves. Ser...Read More
"We will not have any more crashes in our time." John Maynard Keynes (1927), British Economist; 1883-1946 "There may be a recession in stock prices, but not anything in the nature of a crash." Irving Fisher, Sep 5, 1929, U.S. economist, statistician, inventor, progressive social campaigner; 1867-1947 "It doesn't matter whether it comes in one year or four. If you don't start preparing now,...Read More
Oil prices dropped sharply, thoughStocks traded in a tight range today, but though the Dow, S&P 500, and Nasdaq closed near breakeven, all three indexes managed to grab fresh record highs. Trade uncertainty was hanging over equities early on, with the weakness spreading to the commodity space, where oil prices struggled. The action could pick up tomorrow, however, as earnings will come into focus...Read More
Short-term MU options are pricing in low volatility expectations right nowMicron Technology, Inc. (NASDAQ:MU) is slated to report earnings in mid-December, and the chip stock has a history of making big post-earnings moves -- averaging a next-day swing of 7.2% over the last two years. One options trader on Friday wagered on another volatile earnings reaction for Micron, initiating a long straddle...Read More
The European Union is accusing Amazon of prioritizing merchants using its warehouse and delivery servicesThe shares of Amazon.com, Inc (NASDAQ:AMZN) are waffling around breakeven today, slightly higher at last check to trade at $1,738.34. This comes after Bloomberg reported over the weekend allegations from European Union antitrust regulatorsthat the e-tail giant is prioritizing merchants who util...Read More
CNC is pacing for its best close in monthsCentene Corp (NYSE:CNC) shares are building off of Friday's 5.3% rally, up 2.8% at $59.16, putting them on pace for the highest close since mid-March, and the first above the 320-day moving average since around the same time. Another weekly win this week would be an eighth straight for the healthcare stock, and even with the $60 region standing overhead as...Read More
Coty bought a sizable stake in Kylie Jenner's businessStocks are hitting fresh highs to start the week, although oil prices are lower. Among three names making notable moves higher today are biotech issue Karuna Therapeutics Inc (NASDAQ:KRTX), cosmetics concern Coty Inc (NYSE:COTY), and Russian online services stock Yandex NV (NASDAQ:YNDX). Here's a quick look at what's moving the shares of KRT...Read More
Oil prices are plummeting todayThe Dow Jones Industrial Average (DJI) is hitting fresh highs today, boosted by big gains for Walt Disney (DIS) stock. However, the upside is modest, as energy giant Chevron (CVX) sells off with oil prices. Specifically, December-dated crude is down 1.8% at $56.71 per barrel. Wall Street is also watching for updates on the U.S.-China trade front, and digesting news o...Read More
URBN has been climbing higher since its mid-August lowsDespite receiving an early morning bull note from RBC to $28 from $23, Urban Outfitters, Inc. (NASDAQ:URBN) is down 2.7% at $30.22 today, potentially sinking alongside its sector peers. URBN may also be in focus for the options market, as the retailer is slated to report third-quarter results after the market close, tomorrow, Nov. 19. Urban...Read More
RACE's 10-day moving average caught its latest pullbackItalian carmaker Ferrari NV (NYSE:RACE) was unable to get a halo lift this morning from sector peer Ford's (F) big electric SUV announcement. At last check, RACE was down 1% to trade at $165.55, but the stock still flashing a bullish signal that could lead to new record highs. More specifically, RACE's recent Nov. 4 record high of $172.88...Read More
HUN stock is in focus this morning following bullish brokerage attentionChemical stock Huntsman Corporation (NYSE:HUN) has been consolidating on the charts since early September, recently finding nice support from the 200-day moving average. While the $24-$25 range -- site of the shares' early 2019 highs -- is certainly on the radar as potential resistance, HUN just snagged a bullish analyst note,...Read More
SPWR is fresh off its eighth straight weekly lossJust a week after SunPower Corporation (NASDAQ:SPWR) was shining amid news of a strategic spin-off, the stock is now down 4.1% to trade at $7.96, after the company launched a public offering of common stock valued at 22 million shares. In response, options traders have perked up this morning.More specifically, in just the first hour of trading toda...Read More
L Brands stock has already shed nearly 30% in 2019Retail giant L Brands Inc (NYSE:LB) was slammed with a set of price-target cuts this morning, adding to its already grim run on the charts. RBC dropped its target price to $21 from $22, while Wedbush slashed its LB price target to $16 from $20. This double dose of bear notes comes just ahead of the company's quarterly report, which is scheduled fo...Read More
Chinese officials are reportedly skeptical a trade deal will be reachedFresh off Friday's 11th record close of 2019 and first-ever trip over 28,000, Dow futures are indicating a slightly negative open this morning after a report indicated Chineseofficials are pessimistic about the prospects of a trade deal with the U.S. More specifically, Beijing is said to be troubled by President Donald Trump's...Read More