Microsoft is higher after the tech giant unveiled a new share repurchase programThe Dow Jones Industrial Average (DJI) is higher at midday, with Microsoft (MSFT) stock the best of the blue chips amid buyback buzz. Stocks are also reacting to upbeat economic data -- namely, an unexpected rise in existing home sales in August, and a slimmer-than-forecast decline in the Philadelphia Fed's manufacturi...Read More
Two massive blocks of puts traded in the EWH December options series early todayOptions are active early today on the iShares MSCI Hong Kong ETF (NYSEARCA:EWH), with roughly 52,000 puts changing hands in the first hour of the session -- representing 16 times the expected intraday volume, according to Trade-Alert. A closer look at the most active EWH option strikes today reveals that most of the pu...Read More
TGT options traders have been loading up on putsThe shares of Target Corporation (NYSE:TGT) are up 0.4% to trade at $107.37 today, after the retailer announced a new $5 billion share buyback plan, which will be completed in its 2020 fiscal year. Target also unveiled a quarterly dividend payment of 66 cents per share.Target stock remains within striking distance of its Sept. 6 record high of $110....Read More
The firm widened its third-quarter loss forecast to 35 cents per shareThe shares of United States Steel Corporation (NYSE:X) gapped lower at the open today, and are now trading down 13.9% at $10.72, after the company late Wednesday updated its third-quarter forecast to a loss of 35 cents per share -- arriving well below the consensus estimate for a loss of 7 cents. The firm cited falling steel pri...Read More
The Dow stock appears headed for its longest winning streak since early AugustMicrosoft Corporation (NASDAQ:MSFT) stock has made a definitive move higher this morning -- up 1.4% at $140.50 -- on news the tech giant's board of directors approved an 11% quarterly dividend hike and a new stock buyback program of up to $40 billion in share repurchases. MSFT also said its annual investor day will fall...Read More
Yet another analyst migrated to the bullish camp for cloud stock TWLOCloud communications specialist Twilio Inc (NYSE:TWLO) is in the bullish spotlight today, after Morgan Stanley upgraded the stock to "overweight" from "equal weight." The brokerage firm also raised its price target on TWLO to $135 from $130, implying expected upside of about 20% to Wednesday's close at $112.55.On the charts, TWLO...Read More
Deputy negotiators from both countries will meet todayIt's poised to be a lower start on Wall Street today, with futures on theDow Jones Industrial Average (DJI) trading just below fair value. This comes after a divided Fed sent markets to a mixed finish on Wednesday, while today, traders are eyeing a round of U.S.-China trade talks, with deputy negotiators from both countries meeting face-to-face...Read More
* Dollar slips, gives up overnight gains * U.S., Gulf allies discuss possible response to Saudiattack * Bank of Japan leaves interest rates unchanged (Updates prices)By Brijesh PatelSept 19 (Reuters) - Gold rose back above $1,500 an ounce onThursday as the focus returned to global growth risks and MiddleEast tensions, helping bullion recover after the U.S. FederalReserve cut interest rates but gav...Read More
Gold reached highs in early September and took a break.A retreat on calm in trade, but Iran and the Middle East are supportive.Lots of room before technical support after the recent move.Bull markets suffer setbacks - interest rates are favorable.CEF holds London Good Delivery physical gold and silver bars.The gold market has calmed since reaching its most recent high at the beginning of September...Read More
Core consumer prices - which exclude volatile food and energy prices - rose to an 11-year high of 2.4 percent growth year on year.As much as $17 trillion in debt around the world right now trades at a negative yield.There are a number of geopolitical and economic risks right now that have triggered gold's "fear trade." Gold may be off its 52-week highs, but the precious metal is still up more...Read More
By Robert LambourneWednesday, September 18, 2019The July and August statements of account for the Bank for International Settlements indicate that the bank has continued to engage in gold swaps this summer. The BIS uses swaps and other gold derivatives to gain access to gold held by commercial banks.But recent swap levels at the BIS remain much lower than in the second half of last year.There is...Read More
By: Ira EpsteinGold forming into a bearish trend, lower highs and lower lows...Read More
By Robert LambourneWednesday, September 18, 2019The July and August statements of account for the Bank for International Settlements indicate that the bank has continued to engage in gold swaps this summer. The BIS uses swaps and other gold derivatives to gain access to gold held by commercial banks.But recent swap levels at the BIS remain much lower than in the second half of last year.There is...Read More
By: Ira EpsteinGold forming into a bearish trend, lower highs and lower lows...Read More
Bob Moriarty ArchivesSep 19, 2019There is a giant difference between those who have been in combat and those who have not. I spent almost two years in Vietnam so I understand a lot about stupid illegal criminal wars. One is that 80% of those in combat zones never hear a shot fired in anger. The vast majority of those who engaged in combat in Vietnam were either infantry or chopper pilots. They got...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comSep 19, 2019 Please click here now.The Fed just cut interest rates again.It also cut the rate it pays banks on their excess reserves. What does this mean for gold?Well, the 30basis point cut on excess reserves is bigger than the 25basis point cut on the fed funds rate.That could incentivi...Read More
- Patrick ByrneDear Erstwhile Teammates, As you will learn from an SEC filing today, over this past week all my shares in OSTK were sold. Before I left for Australia I put it all in the hands of Mr. Pettway (whom some of you know), for it had already become clear to me that this was the right thing to do (and I decided to come SCUBA-diving in Asia so as to be as far...Read More
"We can ignore reality, but we cannot ignore the consequences of ignoring reality." - Ayn RandSomething big is happening beneath the surface of a Dow and S&P 500 trading near all-time highs. The soaring repo rate, more demand for overnight Fed funding loans than is being supplied and a big move in the price of gold since the end of May are clear indicators.The global financial system is unsusta...Read More
Dear Friend of GATA and Gold:Delighted as we all may be with this week's news -- the new indictments of JPMorganChase employees involved with the gold market, the U.S. Justice Department's designation of the investment bank as a criminal enterprise, and the prospects of more indictments -- GATA has to admit a couple of things about the situation.First, the market manipulation of which the bank's...Read More
Gary Christenson, Deviant InvestorFrom Ralph Waldo Emerson: "It's not the destination, it's the journey."His insight applies in life, investing, analysis, the S&P 500 Index, gold, silver and others. Consider these examples.You have $10 million to invest in a business and are searching for a manager. CEO #1 and CEO #2 have both amassed a personal fortune over $100 million. Which one do you choose...Read More