No affect in gold and silver price after the FOMC minutes. Traders are still hooked to US-China trade relations, slowdown and central banks bunking US dollar. Federal Reserve policymakers were deeply divided over whether to cut interest rates last month but were united in wanting to signal they were not on a preset path to more cuts. In my view, Trump will start a currency war by forcing Federal...Read More
Dear Rich Lifer,Over the weekend, I shared some of the pros and cons of buying a vacation home.Not only do you need to be able to cover the upfront costs of buying a second home, you also have ongoing yearly expenses to cover as well.And unless you intend on renting out the property for a good chunk of the year, forget about seeing a significant return on your investment.But, a few readers asked i...Read More
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 author of Fed Up: An Insider's Take on Why the Federal Reserve is Bad for America. DiMartino Booth began her career in New York at Donaldson, Luf...Read More
"I believe we should, in fact, the capital gains tax should be at what the highest minimum tax should be, we should raise the tax back to 39.6 percent instead of 20 percent."Continue...Read More
Daniel feels that we are looking at another move higher in gold, but general investors haven't started buying. A brief pullback into the fourteen hundreds is possible, but we could easily be looking at $2000 gold by the end of the year. We should be in for a good bull market run as it appears that the smart money and institutions are getting involved.Time Stamp References:0:35 - Gold will move hig...Read More
Jacob G. Hornberger is founder and president of The Future of Freedom Foundation. He was born and raised in Laredo, Texas, and received his B.A. in economics from Virginia Continue...Read More
Continue...Nouriel Roubini, a professor at NYU's Stern School of Business and Chairman of Roubini Global Economics, was Senior Economist for International Affairs in the White House's Council of Economic Advisers during the Clinton Administration. He has worked for the International Monetary Fund, the US Federal Reserve, and the World Bank.Read More
LONDON, 22 August 2019 - Comment from BullionVault features in today's gold-price report from leading US investment news-site MarketWatch.Today's meeting notes from the US Fed's July decision to cut rates "didn't say anything new about the FOMC's plans, [but] both bonds and the gold market have moved too far, too fast not to take a pause," says Adrian Ash, director of research at BullionVault.Read...Read More
So who is on First,or Are we there yet ? Either addresses the current CUT 2CHASE question. Blind faith can be good or bad, buttempered with some evidence, might be a good thing. Lets look at several categories of evidence concerning the position and trend ofGold and Gold Stocks....Read More
LONDON, 22 August 2019 - Comment from BullionVault features in today's gold-price report from leading US investment news-site MarketWatch.Today's meeting notes from the US Fed's July decision to cut rates "didn't say anything new about the FOMC's plans, [but] both bonds and the gold market have moved too far, too fast not to take a pause," says Adrian Ash, director of research at BullionVault.Read...Read More
By: Ira EpsteinGold nearing its 18-DMA support ~$1,490. Gold hit $1,503, new lower high short-term. Lost overbought momentum:Read More
Stewart Thomson, Graceland Updates 1. More powerful money managers are stepping forward to recommend gold in a negative real rates environment.2. Please click here now. The focus of these elite money managers and analysts is mainly on bullion.3. Many of the more speculative junior miners that trade on the CDNX have yet to participate in this gigantic rally, but that may indica...Read More
The retail sector was a pillar of strength todayThe Dow posted a strong upside move today, making up yesterday's losses and then some. Driven by impressive earnings out of Lowe's (LOW) and Target (TGT), the retail sector shined, while there was broad strength in tech, as well. Investors also monitored updates on the economic front, including positive home sales numbers and the Fed's July meeting m...Read More
On Aug. 19, 2019, Dynacor released updated production guidance for the second half of the year.As a result, despite pretty poor 1H 2019 production figures, it looks like 2H 2019 should be much better.One of the main risk factors, the ore supply, seems to be contained now.The company continues its two investor-friendly initiatives: the dividend and share buyback programs.In my opinion, Dynacor stil...Read More
The LED specialist forecast a current-quarter loss on Huawei headwindsThe U.S. stock market is soaring today on a round of strong retail earnings. Among individual names making notable moves are LED specialist Cree, Inc. (NASDAQ:CREE), retailer Childrens Place Inc (NASDAQ:PLCE), and media firm MSG Networks Inc (NYSE:MSGN). Here's a quick look at what's moving the shares of CREE, PLCE, and MSG.Cree...Read More
The stock is flashing a bullish signal before earnings next week Big gains in the retail sector have helped lift department store stock Burlington Stores Inc (NYSE:BURL). The equity has added 1.6% to trade at $171.63 so far today. This boost comes just ahead of the company's second-quarter earnings, due out before the open next Thursday, Aug. 29. What's more, BURL stock just flashed a historical b...Read More
Breaking down a long straddle on USOAhead of today's weekly crude inventories report, which showed a bigger-than-expected drop in domestic oil supplies, one options trader placed a big bet on the United States Oil Fund (USO). Specifically, it looks like the investor forked over seven figures to speculate on a massive move for the oil exchange-traded fund (ETF) by January.At last check, USO has see...Read More
BAR is unchanged from a week ago, comforting our cautious expectations.Gold's spec positioning lightened marginally in the week to Aug. 13, keeping us cautious in the immediate term.Gold ETF inflows continued in the week to Aug. 19, mainly driven by increased market fears proxied by the rising VIX.BAR: We stay on the sidelines, willing to reassert upside exposure in case of a drop to $14.20/sh...Read More
The retail sector has struggled in the past yearIt's been a rough stretch for the retail sector, with the SPDR S&P Retail ETF (XRT) logging a 25.4% year-over-year deficit, last seen at $39.16. Plus, looking at an internal scorecard compiled by Schaeffer's Senior Quantitative Analyst Rocky White, only 34% of the 85 stocks we track under the "general retailers" umbrella were above their 80-day movin...Read More
Earnings wins from Target and Lowe's continue to boost stocks Strong earnings from the retail sector are boosting stocks today. Specifically, earnings wins from Target (TGT) and Lowe's (LOW) have helped put the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) back in the black, while the Dow Jones Industrial Average (DJI) is up 260 points at midday. Traders are also digesting strong housing data,...Read More