History may not repeat itself to the letter but it certainly rhymes. That’s what the Fed watchers would say now. The Fed cut the interest rates for the second time this year and the price of gold declined again. What is going on? Fed Trims Interest Rates by 25 Basis PointsYesterday, the FOMC published the monetary policy statement from its latest meeting that took place on September 17-18th....Read More
This is part 2/2 of my Silver Price 2019 trend forecast update - Part1 - Silver Price Tragets for 2019 - Forecast UpdateSo the Silver big question for 2019 is will the price be capped at resistance at $21 or like the Gold price breakout of its 5 year trading range to target the next resistance area of $25. This analysis was first been made available to Patrons who support my work. Silver Investin...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
The Fed's so-far $128 billion intervention in the repo market slipped off the Wall Street Journal's front page by evening, hardly a concern. Don't be surprised if, years from now, the squeeze on short-term borrowers that caused this flurry of excitement is cited as an early warning sign of the banking system's coming collapse. On Tuesday, there simply weren't enough dollars around to keep short...Read More
By: Gary SavageGold $1,450 / $1,480 as potential downside targets. Gold is just going to take some time to undergo intermediate correction..Read More
Dear Rich Lifer,You've worked incredibly hard in order to save up to retire. The road to retirement can be a difficult one that requires both social and financial sacrifices in order to save enough for a comfortable retirement. This is why it's crucial to avoid as many financial mistakes that could compromise the security of your retirement plan as you can.Not to fear! I'll highlight some of...Read More
Strong Shareholder Support Enables All Proxy Proposals to PassELKO, Nevada, Sept. 19, 2019 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU) announced the results of the Company's annual shareholder meeting that was held on September 18, 2019 at 09:00 AM MT in Denver, CO.The following proposals were acted on by the Company's shareholders at the meeting:Elected six directors (John Braca, Timothy Jank...Read More
"Lowe's has augmented its in-store security cameras with software that tracks individuals' movements throughout the store using a unique scan of face geometry. Put simply, Defendants surreptitiously Continue...Read More
Society is pretending its actions don't have consequences. It's badly mistaken. History teaches us that there is no free lunch, reminds Dr. Ben Hunt, publisher of EpsilonTheory.com. And science informs us that even the most simple systems become nearly impossible to predict or control with 100% precision as time and variables change.But our society today is ignoring these lessons. It's betting tha...Read More
Danielle DiMartino Booth of Quill Intelligence says the Fed is "woefully" behind the curve and discusses the central bank's repurchase operations.Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the...Read More
History may not repeat itself to the letter but it certainly rhymes. That’s what the Fed watchers would say now. The Fed cut the interest rates for the second time this year and the price of gold declined again. What is going on? Fed Trims Interest Rates by 25 Basis PointsYesterday, the FOMC published the monetary policy statement from its latest meeting that took place on September 17-18th....Read More
By: Ira EpsteinGold - which will the market decide to go. For now, I will say the bears have control..Read More
Stefan Gleason, Money Metals ExchangeMonday's spike in crude oil prices could be a game changer - for geopolitics, for the economy, and for investors.Normally it would be foolhardy to draw big, sweeping conclusions from a single day's trading activity.But in this case, it's not just the fact that oil prices surged 13% to over $62/barrel. Or even the fact that more than 5% of the world's oil prod...Read More
The central bank is divided about further rate cuts this yearThe Dow finished higher today -- erasing a more than 200-point intraday loss -- as last-minute buyers swooped in during the final 30 minutes of trading. Wall Street reacted to the Federal Open Market Committee's (FOMC) decision to cut interest rates by one-quarter point, though the Fed's corresponding statement implied the central bank i...Read More
BHGE stock is lower today after some bearish analyst attentionCall volume is running hot on Baker Hughes A GE Co (NYSE:BHGE), even as the energy stock trades 0.6% lower at $23.23 on a price-target cut to $30 from $32 at Evercore ISI. With just over two hours left in today's trading, more than 5,500 BHGE calls have changed hands -- four times what's typically seen -- compared to fewer than 600 puts...Read More
LXRX has been pushing up the charts in recent daysLexicon Pharmaceuticals, Inc. (NASDAQ:LXRX) is continuing its recent rally up the charts, last seen up 21% at $3.56, and options trading has picked up. More than 5,000 calls have traded, over five times the daily average of 821, and new positions are opening at the September 4 call. In the October series, the 3-strike put is popular, and the Octobe...Read More
CDW will be replacing Total System Services on the S&P 500 next week With all eyes on the Fed interest rate decision, stocks are tentatively lower at last check. Three stocks in particular making moves are technology solutions specialist CDW Corporation (NASDAQ:CDW), pet supply name Chewy Inc (NYSE:CHWY), and drugmaker PTC Therapeutics, Inc. (NASDAQ:PTCT). Below, we'll take a look at what's movin...Read More