It was the Nasdaq's longest losing streak since the presidential electionStocks suffered their worst session of 2019 on Monday, as traders dumped equities for "safe havens" like gold amid the escalating trade war between the U.S. and China. What's more, it marked the sixth straight loss for the S&P 500 Index (SPX) and tech-heavy Nasdaq Composite (IXIC) -- their longest losing streaks since October...Read More
For the last decade, the monetary "experts" assured us that QE and ultra-low interest rates were a temporary crisis measure that could be reversed.2018 revealed the truth - that the Fed cannot normalize monetary policy without crushing financial markets.2019 has shown that policymakers have no political will for tighter monetary policy. Radical easing measures is the new normal.Global central bank...Read More
All three major indexes are set to snap their losing streaks The Dow Jones Industrial Average (DJI) is modestly higher today, attempting to rebound from its worst day of the year. This bounce comes amid China's attempts to stabilize the yuan against the dollar, helping to ease concerns about the U.S.-China trade war. In addition, National Economic Council Director Larry Kudlow said the U.S. stil...Read More
Ford shares are trying to end a five-day losing streakThe shares of Ford Motor Company (NYSE:F) are up 1.7% at $9.40, after Morgan Stanley raised its opinion to "overweight" from "equal weight" and lifted its price target to $12 from $10. The brokerage firm believes the automaker's restructuring efforts are paying off and its fears about a dividend cut have diminished. What's more, the analysts ad...Read More
The firm also lifted its revenue guidance Insurance concern EverQuote Inc (NASDAQ:EVER) is eyeing its best day on record, after announcing second-quarter earnings and revenue that exceeded analysts' estimates. The firm said its 35% growth in revenue was sparked by "broad-based momentum and the strength of our data-driven marketplace." EverQuote also lifted its third-quarter revenue guidance and fu...Read More
Canada Goose stock fell to an annual low in early JuneThe shares of Canada Goose Holdings Inc (NYSE:GOOS) are up 2.9% to trade at $43.46 today, after D.A. Davidson called the retail stock's recent pullback a buying opportunity. The analyst pointed out that GOOS has "minimal exposure to U.S. tariffs on its sourcing from China," and that investors aren't "recognizing that the company is likely buyi...Read More
The PBoC set the yuan's reference point higher than expected today, cooling tensions Dow Jones Industrial Average (DJI) futures are signaling a positive session today, after yesterday's dramatic trade-induced sell-off produced the worst trading day of 2019. Futures are more than 100 points above fair value this morning, after the White House declared China a currency manipulator -- and in respon...Read More
A close in gold below $1476 will activate a short trigger on a monthly signal, automatically activating the targets below.The next targets below are $1465 to $1471.A close below $1450 will activate the yearly, monthly and daily short signals, activating short trigger points with targets below the mean at the $1400 to $1363 levels.Based on the forecast we published on September 28, 2018 for the fol...Read More
A fund flow comparison on this wildly disparate pair of triple-leveraged ETFs is eye-openingIn case you neglected to tune into the second half of last week's trading, suffice it to say that investors were extremely skittish in the wake of Fed Chair Jerome Powell's post-interest rate cut remarks. After the top central banker described the much-anticipated easing move as a "midcycle adjustment," tho...Read More
ACN is seeing support at the rising 40-day trendlineConsulting name Accenture Plc (NYSE:ACN) has been climbing the charts long term, and following its recent pullback, is nearing the historically bullish 40-day trendline. The stock has bounced from its 40-day moving average several times over the course of its 37% year-to-date gain. With ACN having worked off its late-July overbought condition and...Read More
Financial market uncertainty and accommodative monetary policy will likely support gold investment demand.Price momentum and positioning may fuel rallies and create pullbacks, as investors continuously reassess their expectations based on new information.Weaker economic growth may soften gold consumer demand near term, but structural economic reforms in India and China will likely support long-ter...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average finished down more than 700 points, or nearly 3%, Monday in its worst day of the year as China hit back at President Donald Trump's move to accelerate tariffs on China-made goods by allowing the yuan to slip to the lowest levels against the dollar in more than a decade. Tyson Foods (TSN) share...Read More
The Monday Market Minute Global stocks tumble to fresh multi-month lows as China hits back at U.S. Tariff moves with a weaker yuan and suspends agricultural purchases.PBOC allows the yuan to fall below the 7 mark against the dollar for the first time since May 2008, risking the ire of President Donald Trump as tensions between the world's two biggest economies escalate.Asia shares fall the most...Read More
Bob Moriarty ArchivesAug 6, 2019In late 2008 during what is now referred to as the Great Financial Crisis, government and financial managers had an opportunity to reset a badly out of balance dysfunctional banking system. It would have required pain from bank bondholders, shareholders and taxpayers in general. Everyone recognized the banks were burning down, seemingly out of control.We should have...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comAug 6, 2019 Is China a currency manipulator?For one possible answer to this question, please click here now. My view is almost identical to Kyle’s; China’s government is manipulating its currency... higher! Trump’s tariff tax obsession may be somewhat comical, but it is c...Read More
Craig HemkeSince late May, the price of COMEX Digital Gold has been on a tear with a rally of over $200. Will this surge continue? Perhaps more importantly, can this surge continue?First of all, and so that we're on the same page, none of this should come as a surprise to regular readers. Since last November, we've been stating that 2019 would show the best gains for the precious metals since 20...Read More
COLORADO SPRINGS, Aug. 06, 2019 -- Gold Resource Corporation (NYSE American: GORO) (the "Company" or "GRC") reported production results for the second quarter ended June 30, 2019 of 9,559 ounces of gold and 467,484 ounces of silver, which along with base metal revenue generated $29.4 million in net revenue and $1.8 million, or $0.03 per share, in net income for the quarter. The Company maintai...Read More
Dave KranzlerA Global Race To Zero In Fiat Currencies......ushers in the restoration of price discovery in the precious metals market. The price of gold is at or near an all-time in most currencies except the dollar. This summer, however, it would appear that the dollar-based valuation of gold is starting to break the "shackles" of official intervention and is beginning reflect the underlying fu...Read More
1. Is China a currency manipulator? For one possible answer to this question, please click here now. My view is almost identical to Kyle's; China's government is manipulating its currency... higher!2. Trump's tariff tax obsession may be somewhat comical, but it is creating substantial weakness in China's currency. That's because foreign and domestic investors are moving significa...Read More
GoldCoreGold prices have surged in dollars and all currencies due to the escalation in the trade wars and a return to currency wars between China and the U.S.Gold in USD - 10 Years - GoldCore.comGold surged as much as 2% in dollars yesterday and has consolidated on those gains today. It is gold's highest level in dollars in more than six years (see chart) and gold reached all time record highs (...Read More