HPQ's November 19.50 put has been popular latelyA week ago today, the shares of HP Inc (NYSE:HPQ) gapped higher amid reports of Xerox's (XRX) bid to take over HP is a cash-and-stock offer of $22 per share. Since then, however, the stock has cooled on news that the sale is facing some uncertainty -- and to make matters worse -- HPQ is sitting just below a historically bearish trendline.In other wo...Read More
NetApp will report its fiscal second-quarter earnings after the close todayThe shares of cloud software concern NetApp Inc. (NASDAQ:NTAP) are eyeing their fourth consecutive win today, inching up 0.9% to trade at $60.68 ahead of the firm's fiscal second-quarter earnings report, due out after the close tonight. Since staging a bounce off its one-month lows near the $49 region in mid-October, NTAP h...Read More
Alibaba expects to raise up to $15 billion in its Hong Kong IPOThe shares of Alibaba Group Holding Ltd (NYSE:BABA) are lower, after the company launched its secondary listing in Hong Kong. The China-based e-commerce giant said it expects to raise as much as $15 billion in the initial public offering (IPO), which would mark the world's biggest cross-border secondary listing ever, with the shares ex...Read More
UAL options can be had for a bargain, tooThe shares of United Continental Holdings Inc (NASDAQ:UAL) are trading at $92.71 this morning, after UBS initiated coverage on the airliner with a "buy" rating and $110 price target. The analyst in coverage glowed about the company's cost management profile in comparison to sector peers. UAL is now trading within a chip-shot of its Dec. 3 record high of $...Read More
Walmart's earnings release tomorrow could bring in more bullsWalmart Inc (NYSE:WMT) will report earnings before the open tomorrow, Nov. 14, and the stock just received a bullish analyst note from Telsey Advisory Group. The firm lifted its price target on the Dow component to $130 from $125, putting it deeper into record-high territory. WMT shares peaked at $120.92 last week, and are trading right...Read More
Wall Street is gearing up for Fed Chair Jerome Powell's testimony to the Congressional Joint Economic committee later todayDow futures are trading nearly 88 points below fair value this morning as investors look ahead to Fed Chair Jerome Powell's testimony later today before the Congressional Joint Economic Committee, just weeks after the Federal Open Market Committee (FOMC) once again cut interes...Read More
A look at how presidential elections affect stocks, and vice versa We're less than a year away from the 2020 U.S. presidential election. So, I decided to look at whether there's been anything significant about how stocks behaved in the year before elections. The table below summarizes the S&P 500 returns in the 252 trading days before Election Day each year since 1950 (Election Day is the Tuesday...Read More
Bob Moriarty ArchivesNov 13, 2019A friend approached me a couple of years back about putting some money into a private placement for a young exploration company that had an option on a number of old gold mines in the California mother lode country. I did and have waited patiently (well, not really patiently) for some time to do a piece about the company and what they have. But there was nothing th...Read More
Bob Moriarty ArchivesNov 13, 2019Because of California Truth in Advertising regulations, the frauds in the financial markets claiming to be gold bugs have had to label themselves with accurate titles representing what they really are. That’s why we have a Golden Jackass, a Turd and GATA who uses a picture ofDon Quixote,as a depiction of what they do. Don Quixote wasthe blind fool who tilted...Read More
- Craig Hemke, TF MetalsWith the expected price pullback underway, what can we expect for the remainder of the month and into year-end? Will the price action continue to resemble 2010, or will it play out more like 2016 instead?As we've discussed each of the past two weeks, the current selloff/pullback in COMEX gold and silver is as unsurprising as it was unavoidable. The COMEX market-making Ban...Read More
Forecasts, Commentary & Analysis on the Economy and Precious MetalsCelebrating our 46th year in the gold businessNovember 2019"I'm no insect. Gold is a great way to make a lot of money." - Thomas Kaplan, Electrum GroupMichael J. Kosares, USA Gold2020 visionFive charts to contemplate as we prepare for the new year1. Gold's annual returns 2000 to presentIn the February edition of this newsletter,...Read More
- Gary TanashianGlobal central banks have been pumping the liquidity spigots 24/7 and the US Fed is starting to go that way as well. This during a time of supposed economic splendor and fruitfulness (it is these contradictions that are the windows into a ginned up, leveraged economy dependent on monetary policy) while the S&P 500 breaks through the bull turnstile to blue sky.A real economy and...Read More
Dear Friend of GATA and Gold:A U.S. representative who, without much result, has been pressing the Treasury Department, Federal Reserve, and Commodity Futures Trading Commission (CFTC) with questions about the gold and silver markets has asked Attorney General William P. Barr to try to get answers from the commission.In a letter dated November 1 and made public today, the U.S. representative, Al...Read More
- Stewart Thomson, Graceland Updates 1. It doesn't take much downside price action to make gold investors nervous, or much upside price action to make greed appear.2. It's probably true that no fever is like gold fever!3. To reduce these swings in emotion, my suggestion is for investors to do most of their buying and selling at major support and resistance zones....Read More
- Gary Christenson, The Deviant InvestorPresident Roosevelt made owning gold for American citizens, with minor exceptions, illegal in 1933. See Executive Order # 6102. Begin the DOW to gold ratio analysis in 1933.Many people have discussed the Dow to gold ratio. It fell from over 40 in the year 2000 when the DOW (11,750) was expensive, and gold sold for less than $300. In those days paper asse...Read More
Subscribers who used Hidden Pivot targets from Rick's Picks to trade against gold's steep fall have done well bottom-fishing this week. Here's how they did it -- and judge for yourself whether you could have done these trades yourself. www.RickAckerman.comRead More
By: Ira EpsteinGold should test the 18- week moving average.. but from what level? Lower highs with lower lows, gold's 18-day moving average converging with 100-DMA around $1484/89Read More
Grant's Interest Rate Observer Founder and Editor James Grant and CNBC's Rick Santelli discuss the Fed's repo operations.James "Jim" Grant is an American writer and publisher and the founder of Grant's Interest Rate Observer, a twice-monthly journal of the financial markets. He is the author , most recently, of The Forgotten Depression: 1921: The Crash That Cured Itself. Grant's television appeara...Read More
Martin Armstrong is back explaining what's really happening in the Repo market. It's all about Europe. It's a function of the Euro's failure and the march into the safe-haven US Dollar. The Repo crisis is about Deutch Bank going down and the European politicians refuse to bail it out, what happens next? No one wants to merge with it, it's the red-headed step child of international banking. The US...Read More
"The amount of money being fed into the system is soon going to be too hard to hide."Rob Kirby is a financial commentator and former broker who worked on an institutional trading desk for most of the 1980s and right up until 1996. He also worked for 11 years at Prebon Yamane, an international inter-dealer broker of foreign exchange and interest rate products. He spent an additional year at another...Read More