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
Take advantage of the first amendment, and participate in a nation-wide poll.With the 2020 election growing ever closer, the country continues to be divided politically.From disputes about the appropriateness of displaying the Confederate flag, to rights for minorities, and the ever-growing concern about security at the U.S. border, the 2020 election promises to be contentious... if not the most c...Read More
Both Micron and Skyworks have struggled this monthThe semiconductor sector is under pressure this morning, after a Bloomberg report indicated the U.S. was considering maintaining its ban on China's Huawei. This comes in response to China's move to stop buying American crops. Two chip stocks that are particularly impacted by this newsare Micron Technology, Inc. (NASDAQ:MU) and Skyworks Solutions...Read More
At least two brokerages have downgraded NKTR stockNektar Therapeutics (NASDAQ:NKTR) stock opened at its lowest level since mid-2017 today -- down 36% at $18.01 -- after the drugmaker unveiled manufacturing issues with bempeg, its experimental cancer treatment. Specifically, NKTR said it discovered two lots of the drug were manufactured differently than the rest in a recent clinical trial, and it w...Read More
Canopy Growth will buy U.K.-based biopharma name Beckley Canopy Therapeutics Pot name Canopy Growth Corp (NYSE:CGC) announced this morning that it's buying U.K.-based biopharmaceutical company Beckley Canopy Therapeutics for an undisclosed sum, in order to develop weed-based wellness products and strengthen its foothold in Europe. CGC shareholders don't seem too impressed, with the equity down 1%...Read More
Analysts have already jumped to revise their price targets on the stockShares of business review platform Yelp Inc (NYSE:YELP) are surging this morning, up 8.7% at $38 at last check. The company last night reported impressive second-quarter numbers, and also revealed its Chief Financial Officer (CFO) Charles "Lanny" Baker will be stepping down effective Sept. 2, 2019. During the search for a repl...Read More
Oil prices are building on yesterday's gains, though Dow Jones Industrial Average (DJI) futures are signaling a triple-digit drop this morning, as the blue-chip index looks unable to build on yesterday's strong gains. Trade tensions with China resurfaced overnight, after a Bloomberg report indicated the Trump administration was not ready to lift its ban on U.S. companies purchasing Huawei products...Read More
Jefferies quickly called the stock's pullback a buying opportunityAmarin Corporation plc (NASDAQ:AMRN) is one of the biggest losers before the bell today, last seen with pre-market losses of 19.2% to trade at $14.39. A label expansion application for the company's Vascepa drug -- a treatment meant to lower triglycerides in adults that has helped the shares rise almost 31% year-to-date -- has been...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average finished higher Thursday after global bond yields eased from multiyear lows following stronger-than-expected export data from China, sending investors back to risk markets. Lyft (LYFT) shares climbed after the ride-sharing company posted a narrower-than-expected second-quarter loss and raised its full-year re...Read More
The price of gold has had a nice run, but it has not been smooth. Having risen to $1,350 an ounce in April 2018, gold sunk below $1,200 by August 2018. Then prices rebounded above $1,300 by March 2019, took a breather and then pressed onward to pass through $1,400 in the summer of 2019. There is plenty of controversy about what drives the gold price -- global tensions, portfolio diversification,...Read More
Bob Moriarty ArchivesAug 9, 2019All markets go up. All markets go down. No market ever goes straight up unless it’s the end of the world and in that case why would you give a shit?Gold hit bottom in early 2016. Smart money was buying then. Gradually gold rose and fell with the tide until lately when it went on a roll. All the permabulls are screeching about a new bull market but it’s b...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 350,55858,01349,905137,010461,335537,473569,253 Change from Prior Reporting Period 38,3441874,206-4,15432,20438,39636,597 Traders 23566765661312185 Small Speculators LongShortOpen Interest 62,84431,064600,317 -1,37742237,019 non reportable positionsChange...Read More
Steve St. Angelo, SRSrocco Report After six long years, the precious metals are finally setting up for BIG MOVES higher. Even though the gold price has increased significantly over the past two months, we haven't seen anything yet. Of course, gold has already enjoyed big moves in other currencies such as the British Pound where it has reached an all-time new high. However, we have to be a...Read More
The US stock markets are becoming more unstable, fueling mounting anxiety about what's likely coming. After surging to new all-time-record highs in late July, stocks plunged in a sharp pullback as the US-China trade war escalated. Stock markets' resiliency in the face of bearish news is partially determined by how companies are faring fundamentally. The big US stocks' just-reported Q2'19 r...Read More
David StockmanCall it the monetary theater of the absurd. After all, here is what a determined currency manipulator did between September 2002 and July 2008.To wit, it pumped about $200 billion of new dollar liabilities into the world financial system, thereby expanding the Fed's balance sheet by 26%. Clearly, global traders and US trading partners didn't welcome that flood of freshly minted...Read More
Gary TanashianHave you heard the news? US Treasury bonds are sky rocketing as it turns out there is no inflation amid a global central bank NIRP-a-thon and race to the currency bottom. Going the other way, our 30yr Treasury yield Continuum is burrowing southward.If you check out yesterday's post you'll see proof that the 2018 NFTRH view that people should tune out the bond experts instructin...Read More
Dr. Stephen Leeb & Chris Waltzek Ph.D. - August 7th, 2019. .Mp3 file. RecapBest selling author and show Mentor, Dr. Stephen Leeb returns with insights on the financial markets.Dr. Leeb is especially fond of the yellow metal, which recently touched a new 6-year record.The BIS changed its stance on gold, which it now views as compared to cash, boosting demand.Ironically, gold is the true cas...Read More
By: Ira EpsteinGold market is a bit excessive and overbought. It has broken out to the upside..Read More
Dear Friend of GATA and Gold:In a letter he titles "Too Early to Throw in the Towel on Central Bank Gold-Market Rigging," our friend J.U. writes"Great piece you wrote about precious metals breaking out to the upside (http://gata.org/node/19326) but I suspect it is way too early to think that central bank market riggers have thrown in the towel on suppressing them."What I see, despite all the exc...Read More