Aug. 30th, 2019(S14-E711)Featured GuestsPeter Schiff& Arch CrawfordNote: Guest order via seniority.Please Listen HereInterview Recap.Arch Crawford, head of Crawford Perspectives for 42 consecutive years rejoins the show.He expects further fireworks ahead in the PMs sector, in particular with silver.Investors are only beginning to appreciate the remarkable opportunity.A single ounce of the y...Read More
By: Avi Gilburt I am often asked to provide a sample of the analysis I provide to members. So, in this week's article regarding the stock market, I chose to reproduce the general discussion I provided within my analysis posted to members on Saturday night. Please understand that my detailed charts and the discussion of the specific smaller degree analysis is being left out from this public upda...Read More
By: Ira EpsteinGDX - gold stocks looks weaker on the charts than gold does:Read More
Northern hemisphere summer is over. It has been a golden summer this year. Silver outperformed gold. Some of you were telling me how I was not hyper bullish on silver. My answer is that, I have been an outright silver bull since I started analyzing precious metals in 2003 and will remain bullish on silver till I am alive. However I been scorned by clients, family and friends over the past few ye...Read More
The Dow and S&P 500 saw their three-day winning streaks snappedThe Dow kicked off September on a sour note today, logging a 285-point drop. The latest round of U.S.-China tariffswent into effect over the weekend, and China responded in kind by filing a complaint against the U.S. with the World Trade Organization (WTO). A dismal batch of U.S. factory data only exacerbated concerns over a slowing gl...Read More
ABB stock just ran up to its 200-day moving average -- a historically bearish signal on the charts Electrical equipment manufacturer ABB Ltd (NYSE:ABB) isdown 1.7% at $18.69 at last check. Looking back, ABB attempted a rebound off its three-year low of $17.71, before running out of steam on Friday just below a familiar area of pressure at its 100-day moving average. The stock just ran up to anothe...Read More
Regulus owns the AntaKori copper-gold project in Peru, which currently holds eight billion pounds of copper equivalent.The project is adjacent Tantahuatay and Cerro Corona.The exploration potential looks great and the only issue I see for the project is arsenic content, which is expected to decrease to the north. Introduction Regulus Resources (OTC:OTC:RGLSF) owns the massive AntaKori copper-gold...Read More
A long-term trendline could prove pivotal for RUN tradersScanning some of our internal data today, one name worth looking at is Sunrun Inc (NASDAQ:RUN). That's because the shares have been testing their 320-day moving average, and the trendline seems to be serving as technical support. That wouldn't be too surprising, since data from Schaeffer's Senior Quantitative Analyst Rocky White shows the st...Read More
This analyst predicts a major market moving event happening as soon as August 13.After nearly 27-years studying the stock market as a hedge fund manager, broker, and analyst, onesenior analyst thought he was prepared for everything Mr. Market threw his way.But last December he got word of a huge market event that's now less than 60 days away.He sent an urgent note to over 75,000 people who, over...Read More
VXX is trading near a trendline with historically bearish implicationsThe U.S. stock market sold off sharply in August as U.S.-China trade tensions ramped up. The negative price action in equities created a boon for several volatility trackers, including the iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX), which rallied all the way up to a two-month high of $31 by mid-August. This region c...Read More
Macau's 8.6% revenue drop in August has WYNN and MGM stocks feeling the heat todayStocks are kicking off September on a sour note, amid contracting manufacturing data and newly imposed tariffs on U.S. and Chinese goods. Even more disappointing data out of Chinese gambling mecca Macau has casino names Wynn Resorts, Limited (NASDAQ:WYNN) and MGM Resorts International (NYSE:MGM) sinking, while dru...Read More
The Institute for Supply Management's (ISM) manufacturing index showed contraction in AugustThe Dow Jones Industrial Average (DJI) continues to trade lower, weighed down by concerns around the U.S-China trade relationship. Downbeat economic data could be hurting stocks, too, with the U.S. manufacturing sector contracting in August for the first time since 2016, and construction spending rising le...Read More
Backwardation is a phenomenon in the futures market where spot prices are higher than for future delivery. Usually futures are in contango, where futures sell at a premium to spot.Backwardation happens when there is a shortage of a commodity, usually from seasonal factors like prior to a harvest. It is quickly resolved through arbitrage or an increase in supply.But what if backwardation happens no...Read More
TLRY shares have had a horrible yearLooking through this morning's analyst updates on Wall Street, one of the most jarring is a huge bear note on marijuana stock Tilray Inc (NASDAQ:TLRY). Cowen just came with a monster price-target cut to $60 from $150, and even this is a major premium to the equity's current perch. At last check, it was quoted at $25.93, up 1% on the day. TLRY has certainly earne...Read More
Medicines Company announced successful results for its cholesterol drug, inclisiran The Medicines Company (NASDAQ:MDCO) stock is seeing a huge boost today, after the biopharmaceutical firm announced its experimental drug inclisiran successfully lowered cholesterol in patients with heart disease enrolled in a late-stage trial. SVB Leerink sees the drug's bi-annual injection form as more convenient...Read More
Argonaut Gold has revised its prior cost guidance and is now guiding for all-in sustaining cost guidance of $1,075/oz vs. $1,025/oz previously.The company is a laggard among the mid-tier producer space with high costs and also operates out of B grade jurisdictions.I see the stock as an avoid in favor of lower-cost producers in better jurisdictions.Argonaut Gold (OTCPK:ARNGF) has not seen an impres...Read More
One brokerage firm downgraded PLNT stock to "hold"Berenberg downgraded Planet Fitness Inc (NYSE:PLNT) stock to "hold" from "buy," and slashed its price target to $69 from $80 -- a slight discount to Friday's close at $70.61. In reaction, PLNT stock is down 2.3% in early trading, last seen at $68.99.The equity's longer-term trend has been higher, though, with PLNT up almost 44% since a late-Decembe...Read More
SNAP bounced off a key trendline to end AugustWhen we last checked in with Snap Inc (NYSE:SNAP), the social media stock was preparing for its turn in the earnings confessional. Now, the shares are up 1.6% to trade at $16.06 this morning, after Evercore raised its rating on SNAP to "outperform" from "in-line," while boosting its price target to $20 from $18. The analyst in coverage glowed about th...Read More
A new round of U.S. tariffs on Chinese goods went into effect over the weekend Dow Jones Industrial Average (DJI) futures are spiraling this morning, as trade uncertainty swirls after a round of new U.S. tariffs on Chinese goods went into effect over the long holiday weekend. While China filed a complaint with the World Trade Organization (WTO) against these new tariffs, Bloomberg News reported th...Read More
The VIX is showing a pattern reminiscent of its prior peaks"A spokesman for China's Commerce Ministry said Thursday that the U.S. and China remain in communication over possible talks in September and added that Beijing hopes to prioritize discussions about removing the latest tariffs announced by President Trump to prevent a further escalation of the trade war."-- The Wall Street Journal, August...Read More