Last week, the Fed had to inject liquidity into the repo market for the first time since the Great Recession. Not once, but several times – and also commit to do more. Will such a crack in the proverbial dam let gold’s allure shine? Scramble for Liquidity Pushes Rates UpThe focus last week was on the FOMC decision to cut interest rates. But a real drama was unfolding in the background....Read More
If you’ve been following our research, you already know how accurately we’ve been nailing the precious metals price moves. We’ve been calling Gold and Silver accurately since early 2018 and continue to focus a good portion of our efforts in studying these incredible setups. Let’s have a little fun and start with two charts from near July 20, 2019, to help our fo...Read More
One of the most common reasons to buygold is to use it as a stable store of value. This analysis uses 50years of history to test that common belief, and finds it woefully lacking - forit misses the best parts of investing in gold.The graph below will be developed, andwe will show that gold is instead a more sophisticated (and desirable) investmentthan most people realize. When properly understood,...Read More
By Andy Hecht: Crude oil is the energy commodity that powers the world. Over half of the world’s petroleum reserves are in the Middle East, which is the most turbulent political region on the face of the earth. Meanwhile, the United States is the leading consumer of crude oil. For many years, the US dependence on Middle Eastern oil contributed to its price variance. The Arab-Israeli War in t...Read More
U.S. Overnight Repo Rate Source: www.tradingeconomics.com , www.stlouisfed.orgAs expected, the Fed cut the key banking rate another quarter point this past week to 1.75%-2.00%. It is the second cut this year. Expectations by many are for one more, but there are many who expect the Fed to be done for the year. The Fed as usual was ambiguous. If there is one more, we would not expect it to happe...Read More
Sept. 20th, 2019(S14-E714)Featured GuestsMichael Pento& Bob HoyePlease Listen HereInterview Recap.Bob Hoye, Editor & Chief Investment Strategist of Bob Hoye.com rejoins the show with insights on US Fed.Bob Hoye draws parallels between the declining yield curve today and that of the Great Depression.The global economy could enter an intractable downturn, beginning with a financial market declin...Read More
By: Avi GilburtThe pundits and the media were debating for several weeks leading up to the last Fed meeting about what the Fed was going to do and the effect they thought it would have on the market. And, it amazes that the great majority of the market does not realize how much of a waste of time these debates really are. But, as I often note, many market participants and analysts are simply...Read More
StrengthsThe best performing metal this week was silver, up 3.16 percent, as gold rebounded this week. As gold was set for a small weekly gain for the first week in four, traders were mostly bullish or neutral on bullion's trajectory in the weekly Bloomberg survey. Palladium, however, rallied as much as 1.8 percent to a record $1,648.65 an ounce for its best run since 2012 with seven weeks of...Read More
RambusTonight I would like to start out by looking at the old ratio combo chart that has the GOLD:XAU ratio chart on top with the XAU on the bottom. I'm not going to go over all the details the ratio combo chart has, only to emphasize the 20 year 6 point parabolic arc which shows how gold had been outperforming the XAU until the small double top at 24.33 in late 2015. When the parabolic arc was...Read More
By: Ira EpsteinGold turning over? Market is confused from Friday's Chinese news..Read More
U.S. manufacturing data helped push the Dow into the blackThe Dow finished on a modestly high note today, closingin the black after trading on both sides of the aisle earlier in the day. The blue-chip index spent the morningin the red, down triple digits at its session lows amid global growth concerns stemming from weak data out of Europe. But the Dow ultimately drifted higher, propped up by upbea...Read More
Catalyst Pharmaceuticals and Plus Therapeutics are both trading toward the bottom of the Nasdaq Stocks have been trading on both sides of breakeven today as disappointing economic data out of Europe stoked fears of a slowing global economy. Three stocks in particular making moves today are healthcare names Catalyst Pharmaceuticals Inc (NASDAQ:CPRX), Plus Therapeutics Inc (NASDAQ:PSTV), and Polarty...Read More
Gold prices rose Monday to settle at their highest in more than two weeks, getting a boost from a round of downbeat data out of the eurozone that underlined worries about global growth prospects, as traders continued to keep an eye on U.S.-China trade talks and tensions surrounding Iran. "You are seeing risk aversion in the marketplace and that is leading investors to the safe-haven assets," said...Read More
The U.K. travel firm declared bankruptcy earlier todayCarnival Corp (NYSE:CCL) is trading lower today, as travel stocks swoon on news of U.K. tour company Thomas Cook's collapse. CCL shares are down 1.9% to trade at $47.30 -- pacing for a fourth straight drop, and retreating from a historically bearish trendline -- and put traders are driving a busier-than-usual session in the stock's options pits...Read More
The Federal Reserve cut interest rates again by 25 basis points and so the new target range is 1.75% to 2%.Gold prices fell to around $1485/Oz before recovering some of the losses to close at around $1515/Oz.The ECB are doing the same thing and have also re-introduced QE and as we know money knows no borders, so more money into the global financial system.Buy these dips with both hands as this bul...Read More
Guggenheim said Truly and White Claw dominate the hard seltzer marketBoston Beer Company Inc (NYSE:SAM) is trading up 3.7% today at $358.16, thanks to a bullish analyst update. Guggenheim boosted its price target on the security to $462 from $449, saying they expect the company's Truly hard seltzer sales to grow 160% in 2019 and another 85% in 2020, estimates the brokerage firm view as conservativ...Read More
Victoria Gold poured first gold on September 17.The mine should produce around 190,000 toz gold at an AISC of $750/toz on average, over its 10-year mine life.Victoria Gold should be able to generate an annual free cash flow of more than $130 million, if everything goes well.A conservative scenario shows more than 100% upside potential.The coming months will be highly important, as various issues m...Read More
Despite a volatile year, Amazon stock has added 32% over the past nine monthsOnline powerhouse Amazon.com, Inc. (NASDAQ:AMZN) is sinking in afternoon trading, last seen down 0.8% at $1,779.59. However, the stock's recent pullback may be a buy signal for AMZN traders, as data from Schaeffer's Senior Quantitative Analyst Rocky White suggests the FAANG leader may be ready for its next surge higher....Read More
Snap has accused Facebook of undermining business practices, according to reportsFacebook Inc (NASDAQ:FB) was slammed earlier, after a Wall Street Journal report (subscription required) said rival Snap (SNAP) came out with a list of ways in which the social media giant attempted to sabotage it. According to those familiar with the matter, Snap's dossier, titled Project Voldemort, highlights under...Read More
Nike has a mixed history of earnings reactionsEarly bird Nike Inc (NYSE:NKE) will get a jump-start on this fall's earnings season this week, set to report its fiscal first-quarter earnings tomorrow after the close, Sept. 24. Ahead of the event, NKE options traders have come out of the woodwork in larger-than-normal numbers, with some eyeing a post-earnings pullback from the apparel giant.Less tha...Read More