AAPL options can be had for a bargain right now, tooLast week, analysts were bullish on Apple Inc. (NASDAQ:AAPL) because of the potential impact of 5G capabilities. Today, it's iPhones, after J.P. Morgan Securities set a December 2020 price target of $265, and a December 2019 goal of $243. The analyst in coverage also upped its iPhone volume forecasts for the fourth quarter of 2019 and first quart...Read More
Today's downgrade comes with little surprise for the financial nameBanking name U.S. Bancorp (NYSE:USB) is suffering this morning, already down 0.6% at $55.09, after receiving a downgrade to "underperform" from "neutral" at BofA-Merrill Lynch. In addition to the price-target cut to $53 from $55, the analyst in coverage warned of "execution risk" facing the company's premium valuation. USB is now...Read More
Corrective moves have occurred as option buyer sentiment has soured"[A] current risk to equity investors is this year's pattern of taking profits when key asset benchmarks reach levels that correspond to a 20% profit for 2019. If this pattern repeats, you will see a rotation out of stocks, and into bonds and gold ... On the sentiment front, one thing that has changed significantly from last week i...Read More
J.P. Morgan Securities boosted its AAPL price targetReports suggesting the White House wanted to curb capital flows to China sparked a bearish reversal in stocks on Friday. This morning, though, futures on the Dow Jones Industrial Average (DJI) are trading above fair value, after the Treasury Department said the Trump administration is not currently planning to block Chinese companies from listing...Read More
Bob Moriarty ArchivesSep 30, 2019In Eisenhower’s Farewell Address to the Nation on January 17, 1961 he invented the concept of what most people refer to as the MIC for theMilitary Industrial Complex.Actually one author of a book on the President claimed that he added Congressional but his staff recommended he remove the term in order to avoid offending Congress. It actually makes a lot more...Read More
StrengthsThe best performing metal this week was palladium, up 2.57 percent as hedge funds increased their bullish positioning to an eight-week high. Gold traders and analysts were split between bullish and bearish on the yellow metal this week in the Bloomberg survey despite the metal's price swings. On Monday, ETFs added 498,162 troy ounces of gold to their holdings, the most in three months...Read More
Keith Weiner, Monetary MetalsWe discuss capital consumption all the time, because it is the megatrend of our era. However, capital consumption is an abstract idea. So let's consider some concrete examples, to help make it clearer.Flipping Homes, Consuming CapitalFirst, let's look at the case of Timothy Housetrader. Tim has a small two-bedroom house. Next door, his neighbor Ian Idjit, owns a fo...Read More
Readers rightfully took me to task last week for putting out two headlines that appeared to at least mildly contradict one other and which taken together could only have left one wanting more clarity. The first said Don't Load Up on Puts Quite Yet; the second, There's Still Time to Load Up on Puts. So which is it? Do we get short here, or not? Well, the answer, like the market itself,...Read More
David HaggithConspiracy theories are like crime novels. You can create an infinite number of them, and all they require is a plausible plot built from real facts with enough twists to keep them interesting. That's why I don't spend my time trying to discern if any of them are true though some may be but now I'm going to write one of my own. I find it completely plausible, fully in line with...Read More
By: Ira EpsteinGold not reacting the way it should to the news last week, 18-week moving average now $1,442.8+Read More
Dear Friend of GATA and Gold:Euro Pacific Capital's Peter Schiff said this week that the recent indictments of three more traders at JPMorganChase on charges of manipulating the monetary metals market "do not vindicate all the conspiracy theories alleging that there has been a concerted effort by big banks to artificially suppress the price of gold in order to keep the fiat monetary system going...Read More
Uncertainty Principle(Dis) EquilibriumInsane IdeasA Tribute to Art Cashin and New YorkI often say a writer is nothing without readers. I am blessed to have some of the world's greatest. Your feedback never fails to inspire and enlighten me.Last week's That Time Keynes Had a Point letter brought many more comments than usual. Apparently Keynes is still provocative 73 years after his death, no m...Read More
Harley Schlanger's work can be found at LaRouchePAC.com.Read More
You don't need to be a supporter of President Trump to be concerned about the efforts to remove him from office. Last week House Speaker Nancy Pelosi announced impeachment proceedings against the President over a phone call made to the President of Ukraine. According to the White House record of the call, the President asked his Ukrainian counterpart to look into whether there is any evidence of U...Read More
"Colleges reap billions from student athletes but block them from earning a single dollar. That's a bankrupt model."Continue...Read More
The U.S.-China trade war has taken yet another turn in the winding saga, this time with the United States allegedly targeting Chinese stock listings on American exchanges. Todd Horwitz of Bubba Trading joins the program to sift through what this could mean for global markets going forward. Todd Horwitz - known as Bubba - is chief market strategist of BubbaTrading.com. He is a regular contributor o...Read More
"Rep. Adam Schiff illegally made up a FAKE & terrible statement, pretended it to be mine as the most important part of my call to the Ukrainian President, and read it aloud to CongressContinue...Read More
Gold has formed a bearish head-and-shoulders pattern which was confirmed by Monday's drop below the neckline.Continue...Read More
Sector expert Michael Ballanger interprets the implications of the last COT report for the precious metals markets. It was only a few hours ago that I was cruising through a lovely early-autumn Friday afternoon preparing for one of the last weekends at the marina for the 2019 season when I came across the much-heralded (and often misinterpreted) COT report. I was on the way up the eastern shoreli...Read More
Money manager Adrian Day reviews two undervalued resource companies that have seen important recent developments. Osisko Gold Royalties Ltd. (OR:TSX; OR:NYSE, US$9.69)has moved further away from the pure royalty model with the acquisition of Bakerville Gold Mines for equity valued (at the time of the bid) at CA$338 million. Based on the August PEA (preliminary economic assessment) on Bakerville's...Read More