For Part 1 of this interview, CLICK HEREMax continues his interview with Karl Denninger of Market-Ticker.org. They discuss the economic platforms of the candidates for the Democratic party nomination for president: from Elizabeth Warren's antitrust policies to Tulsi Gabbard's anti-war platform and all the universal basic income ideas in between.Max Keiser is an American broadcaster and film-maker....Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 346,22356,13347,458136,823460,550530,504564,141 Change from Prior Reporting Period -4,335-1,880-2,447-187-785-6,969-5,112 Traders 23262785758315175 Small Speculators LongShortOpen Interest 63,45829,821593,962 614-1,243-6,355 non reportable...Read More
By: Gary SavageGold into a resistance zone. Last line of defense for a gold bullion bank trapped and squeezed in a short position? Gold anticipating another Fed rate cut?Gary SavageRead More
Recorded August 14th, 2019. * Mp3 format.HighlightsTrends Research Institute's Gerald Celente returns with more good news for PMs aficionados. The original trends researcher correctly called the market breakout on June 6th. His model suggests a retest of the previous all-time record high around $1,900 is likely. $2,000+ gold is possible due in part to the nascent Great Recession 2.0, circa 20...Read More
By: Ira EpsteinI've stopped believing Trump when he talks about China/trade. Mexico cut its interest rate. Europe nearing its bazooka round of cuts and more. Gold has been acting as a safe-haven. I think the interest rate scare is a big part of this move in gold..Read More
Trend for gold and silver is bullish. Better than expected US retail sale numbers did not result in correction. Some section of traders are expecting an interest rate cut next month. China will retaliate against US trade tariff. I am not writing big lines. Positive economic news has not resulted in correction in gold prices. Momentum is very bullish. Look for signs of small $15-$20 correction in...Read More
Oil edged higher, despite a trimmed demand forecast from OPECThe Dow closed the book on a roller-coaster week with an emphatic 306-point gain. Rallying bond yields and cooling trade tensions with China fueled the blue-chip index's fourth triple-digit move of the week. The S&P 500 and Nasdaq both finished with strong gains today as well, thanks to resurgent bank and tech sectors, respectively. How...Read More
BofA-Merrill Lynch cut DOW to "underperform"U.S. stocks are higher with bond yields today, though the major indexes are still pacing for a third straight weekly loss. Among stocks making notable moves are chemical concern Dow Inc (NYSE:DOW)and biotechPlus Therapeutics Inc (NASDAQ:PSTV). Here's a quick look at what's moving the shares of DOW and PSTV.Dow Stock Shrugs Off DowngradeAfter earlier touc...Read More
The stock market took a hit as a rare inverted yield curve spooked tradersIt was another volatile week on Wall Street, with the Dow Jones Industrial Average (DJI) exploring a more than 1,000-point trading range. Most of the action occurred to the downside -- creating a profitable environment for SPDR S&P 500 ETF (SPY) straddle traders -- after a rare yield curve inversion of the 2-year and 10-year...Read More
Gold ended lower on Friday, distancing itself from the more-than six-year high it settled at a day earlier, but the metal's investment haven appeal contributed to a third weekly climb in a row. "Drivers for gold have included global growth in negative interest rate bonds, the decline in real interest rates in the U.S., [and] uncertainty regarding U.S./China trade policy and political unrest in Hon...Read More
Gold ended lower on Friday, distancing itself from the more-than six-year high it settled at a day earlier, but the metal's investment haven appeal contributed to a third weekly climb in a row. "Drivers for gold have included global growth in negative interest rate bonds, the decline in real interest rates in the U.S., [and] uncertainty regarding U.S./China trade policy and political unrest in Hon...Read More
Gold has made an incredible move in recent weeks, but it wasn't an easy journey getting to this point for traders and investors.GLD is a good example of how to understand and trade a consolidation market.There is no shortage of fundamental data supporting the gold market.Gold is due for a pause, but higher prices are the likely path in the long term.While many traders seek instant gratificatio...Read More
Goldman Sachs upgraded KTOS to "buy" and hiked its price target to $26Drone maker Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) is eyeing its best day in months following a bull note from Goldman Sachs. The analyst upgraded the stock to "buy" from "hold," and hiked its price target to $26 from $24 -- a roughly 44% premium to last night's close. Goldman said it had confidence in the 2020...Read More
Gold mining stocks are subject to weakening internal momentum.A stronger U.S. dollar is also putting pressure on the mining stocks.Intermediate outlook for gold and gold stocks is still bullish, though.Although the price of gold has stubbornly pushed higher in the face of a strong dollar, gold mining stocks are finally showing signs of weakness after a huge summer rally. Profit taking was clearly...Read More
The "Chinese Netflix" is higher on stimulus hopesIQIYI Inc (NASDAQ:IQ) -- often called the Chinese Netflix -- will report earnings after the close on Monday, Aug. 19. Ahead of the event, J.P. Morgan Securities launched coverage of the stock with an "underweight" rating and $14 price target, representing a record low for IQ shares and an 18% discount to their current price. Nevertheless, IQ stock i...Read More
A short squeeze could also power the shares higherWhen we last checked in on InVitae Corp (NYSE:NVTA), the genetic testing concern was fresh off a lofty bull note from Citron Research. Since nabbing an earnings-induced record high of $28.75 on Aug. 7, the shares have pulled back sharply, down 6.3% month-to-date. However, this Citron favorite -- which has more than doubled in 2019 -- is now flashi...Read More
The Nasdaq is higher too, after NVDA's big earnings win The Dow Jones Industrial Average (DJI) is keeping the positive momentum going at midday, looking to end a wild trading week with a daily win. Anxiety is easing over bond yields, and traders are cheering President Donald Trump's comments that the U.S. and China are "having very productive talks" by phone ahead of an expected September meeting...Read More
NVDA is popping after an earnings beatShares of chipmaker Nvidia Corporation (NASDAQ:NVDA) are soaring this morning, in reaction to the company's impressive second-quarter earnings and revenue beat. Nvidia cited increased demand for high-end video game graphics chips as the main driver, sending NVDA stock up 6.7% to trade at $158.79.Analysts have been quick to respond, with Mizuho and J.P. Morgan...Read More
Baidu will report earnings after the close on MondayU.S.-listed Chinese stocks are higher across the board today, after China's state planner outlined plans to boost disposable income this year and next, in order to spur a stalling economy. At last check, China-based search engine Baidu Inc (NASDAQ:BIDU) was up 0.7% to $95.02, shaking off a price-target cut from J.P. Morgan Securities to $110 fro...Read More
Applied Materials' CEO said the memory chip market is unlikely to recover in 2019Chip concern Applied Materials, Inc. (NASDAQ:AMAT) is sinking this morning, after CEO Gary Dickerson said a recovery in the memory chip market is unlikely before 2020. Dickerson also said that he expects2019 revenue to come in about one-third lower than the previous year. This is overshadowing the chipmaker's fiscal...Read More