"Dear thieves, please, if you are reading this, let me know how much you like the piece and how Continue...Read More
Hong Kong is expected to discuss sweeping emergency laws to help ease protests which have swept over the region.Continue...Read More
Charles Hugh Smith writes the Of Two Minds blog which covers an eclectic range of timely topics: finance, housing, Asia, energy, long-term trends, social issues, health/diet/fitness and sustainability. From its humble beginnings in May 2005, Of Two Minds now attracts some 200,000 visits a month. Charles also contributes to AOL's Daily Finance site and has written eight books, most recently "Surviv...Read More
"The Fed has enabled politicians to essentially escape fiscal responsibility entirely."David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David is the founder of David Stockman's Contra Corner,...Read More
Before making an investment decision, every investor should understand true inflation. But what is true inflation? Currently, inflation is measured using a floating basket of goods in the Consumer Price Index (CPI), which continues to understate true inflation.Two useful tools fordetermining true inflation figures are John Williams’s Shadow Statistics andthe Chapwood Index. John Willia...Read More
Originally published on Sat Sep 28 for our ElliottWaveTrader members:With the various charts we track unable to complete 5 waves up off the low struck two weeks, it would seem that we can count all of those charts as having just completed a corrective rally top, with more pullback likely to be seen. In fact, this is primarily why I have been stressing that I was treating the last rally as a correc...Read More
Inyesterday’s analysis, we emphasized that even though a big decline in gold isalready underway, it’s likely that it won’t be a straight move down and therewill be periodic corrections. Moreover, we provided price targets from whichthe bounce could start. Based on the circumstances, it might even be a tradablemove. In today’s analysis, we’re going to show you that the...Read More
Rudi Fronk and Jim Anthony, cofounders of Seabridge Gold, discuss recession, central bank panic and an outrageous gold price.In our view, gold investors should settle back with some popcorn and enjoy the coming fireworks, which will include the best gold bull market ever, with all the volatility that implies. We see new all-time highs just around the corner. The challenge is to take a position and...Read More
You'd have to be insane to keep 100% of your savings trapped in this kind of financial system where you be so easily separated from your funds.Continue...Read More
David H. Smith The people who are prepared are going to reap rewards such as they have never dreamed. We're going to have the biggest transfer of wealth in history - from the fools - to those who are prepared. - Bob MoriartyThe run up of the last few months to $1,565 gold and $19 silver has stalled out into a relatively high-level correction, giving back less than might be expected after such a...Read More
Stewart Thomson 1. China's "Golden Week" holiday is underway and gold markets there are closed for the week.2. The demand vacuum created by this holiday often contributes to a gold price swoon, and that's happening now.3. Please click here now. Double-click to enlarge this GDX swing trade chart.4. My www.guswinger.com subscribers are enjoying the price swoon because...Read More
By: Ira EpsteinGold remains over the 18-week moving average. Market holds an upside bias long-term. Daily chart shows head-shoulder TA formation..Read More
Worries over ongoing trade war impacts rattled investors for the second day in a rowOngoing trade war worries after a big ISM manufacturing data miss sent the Dow to a 494-point loss today, with the index breaching its 50-day moving average in the process -- just as the S&P did to start the month on Tuesday. Ahead of the ISM non-manufacturing index due out Thursday and the marquee jobs report that...Read More
Zynex, meanwhile, is outperforming the broader stock marketThe U.S. stock market is spiraling for a second straight day, as fears over a potential global recession swirl. Three individual stocks making notable moves are diagnostic imaging specialist Lantheus Holdings Inc (NASDAQ:LNTH), media giant World Wrestling Entertainment, Inc. (NYSE:WWE), and medical device manufacturer Zynex Inc. (NASDAQ:ZY...Read More
The automaker said U.S. auto sales fell in the third quarterIt's a bloodbath on Wall Street today, and Ford Motor Company (NYSE:F) is not exempt from the selling. The automaker reported a 5% decline in U.S. auto sales for the third quarter, thanks to lower-than-expected figures for its Taurus and Mustang vehicles. F stock is down 4.1% to trade at $8.52 at last check, on track for its worst day s...Read More
Sentiment couldn't get much more bearish on the stockHousing stocks have had a good year on the charts, and the group is in focus again today thanks to Lennar's (LEN) earnings beat this morning. Some analysts were predicting more strength out of the housing sector, and for those interested in betting bullishly, one name to consider is LGI Homes Inc (NASDAQ:LGIH), which just flashed in the study pe...Read More
Analysts are bullish toward the underperforming pharmaceuticals sectorDrug stocks have underperformed recently, with just 19% of the 130 stocks we track under the "Pharmaceuticals & Biotechnology" umbrella trading north of their 80-day moving average. Analysts have barely budged in their bullish outlooks, though, with 65% of those covering these stocks still maintaining a "buy" rating -- putting t...Read More
The VIX is eyeing its highest close since Aug. 15The Dow Jones Industrial Average (DJI) is down over 450 points at midday -- heading for its worst single-session percentage drop in over a month -- as Wall Street extends its brutal start to the fourth quarter. Subpar economic data continues to fuel fears of a recession, this time with the latest ADP employment report signaling a slowdown in privat...Read More
Pepsi is expected to post its third-quarter earnings before the open tomorrowFood and beverage concern PepsiCo, Inc. (NASDAQ:PEP) is down 1.5% at $135.33 today, just ahead of its third-quarter earnings, slated for release before the open tomorrow. This dip follows the equity's second-highest close on record, ending yesterday at $137.37 -- just beneath its early September peak around $139. In fact,...Read More
A look at two historical underperformers with attractively priced optionsStocks are off to a rough start in October, as lackluster economic data spooks investors. What's more, several stocks could be in for a rough month, or quarter, if recent history is any indicator. Among the worst stocks to own in October and the fourth quarter, respectively, are semiconductor concern Advanced Micro Devices, I...Read More