- RambusThere has been a lot of discussion lately about some deflation coming into the big picture. In this Weekend Report I will show you what the Chartology is suggesting. I have literally 100's of charts on commodities that I've been building over the last 15 years from short term to the very long term quarterly charts. Many of the long term charts should look familiar to our long term memb...Read More
By: Ira EpsteinGold's monthly chart remains bullish. This is not a small thing, this is a big event unfolding in front of us..Read More
* Thanks for supporting the show!Download - MP3HighlightsDr. Paul Craig Roberts of the Institute for Political Economy, author of several best-selling tomes, rejoins the show with his latest economic insights. Our guest notes the Fed's decision to slash rates this week and the implications for PMs aficionados. The domestic total debt outstanding concerns our guest, especially the Fed's b...Read More
Clive MaundThe charts we will look at in this update suggest that this is a perfect shorting setup that you see "once in a blue moon". On the 3-year chart for the S&P500 index we can see that it has essentially been trending higher all year, but has now arrived at an important double target - at the upper boundary of its giant broadening pattern, which may also be called a bullhorn or megaphone...Read More
StrengthsThe best performing metal this week was gold, up 1.54 percent. Gold investors were stocking up for further gains in the yellow metal ahead of the Fed's rate cut decision. On Wednesday, holdings in bullion-backed ETFs rose 4.8 tons to the highest level since April 2013, according to B...Read More
By Avi GilburtThe Fed gave us exactly what the market expected in a .25% rate cut, and even gave us a "gift" with the early cessation of Quantitative Tightening. Normally, most would view this as a bullish catalyst. However, with market sentiment topping out in a bullish extreme, market participants interpreted the Fed action as bearish (despite its positive substance), and the market sold o...Read More
It was a full-blown meltdown for U.S. stocks todayU.S. stocks had their worst day of the year, extending recent weakness as the U.S.-China trade relationship took another turn for the worse. President Donald Trump accused China of currency manipulation after the yuan fell to its lowest point versus the dollar in a decade, and the Asian nation also reportedly halted crop imports from the U.S. When...Read More
Pretium Resources released its second-quarter results on August 2, 2019. It was the eighth full quarter of commercial production. Revenues were $113.202 million, down from $146.48 million in 2Q'18.In the second quarter of 2019, the Brucejack Mine produced 90,761 ounces of gold, and the company sold 85,953 ounces at an all-in sustaining cost of $940 per ounce.This quarter is not changing the ov...Read More
ZNGA is on track to breach a key trendline of support todayEarlier today, President Donald Trump cited video games as the driver behind the two mass shootings over the weekend in El Paso, Texas and Dayton, Ohio. Trump's comments echoed that of House Minority Leader Kevin McCarthy, sending the video games sector lower across the board. Among the losers is Zynga Inc (NASDAQ:ZNGA), and options trad...Read More
Gold's haven appeal boosted the metal to a more than six-year high on Monday, as an escalating U.S.-China trade fight sparked a selloff in assets perceived as risky. Gold, now up about 15% from its low of 2019, has surged over recent sessions after President Donald Trump intensified a trade fight with China by announcing additional tariffs on Chinese goods and China pledged retaliation. Read: Wh...Read More
Total production for the first quarter was 257,556 GEOs from Yamana's six producing mines, down 5.3% sequentially.Revenues were $463.5 million with net income of $14.1 million or $0.01 per share.I am not super-excited by the miner and its less than stellar results. However, I recognize that the stock could eventually wake up from its long dormancy. Image: Cerro Moro Mine in Argentina. Courtesy...Read More
Disney reports earnings post-close on Tuesday, and the shares have recently struggled after releasesWalt Disney Co (NYSE:DIS) has been one of the best Dow stocks in 2019 thanks to incredible success at the box office. The shares are being hit by the market weakness today, however, last seen down 2.5% at $138.16. At this level, DIS is set to close below the 50-day moving average for the first time...Read More
A look at how Trump's violent video game concerns are impacting EA, ATVI and GMEStocks are taking a serious hit today, as trade tensions between the U.S. and China ramp up. Video game stocks are in hot water today too, after President Donald Trump blamed video game violence for contributing to this weekend's mass shooting tragedies. Three stocks affected are Electronic Arts Inc. (NASDAQ:EA), Activ...Read More
GIS is up 38% year-to-dateCereal maker General Mills, Inc. (NYSE:GIS) is down 0.8% at $53.20 this afternoon. GIS has been stuck in between the $52 and $54 levels since mid-May, with added support emerging at the 80-day moving average in late June. The shares touched an annual high of $54.74 just last month, and despite today's drop, remain 38% higher year-to-date.Implied volatilies on the equity a...Read More
All three major indexes are headed toward their biggest one-day drop since MayThe Dow Jones Industrial Average (DJI),Nasdaq Composite (IXIC), and S&P 500 Index (SPX) are all headed toward their worst day in almost three months, as trade tensions between the U.S. and China go from a simmer to a full-on boil. In light of President Donald Trump's recent decision to implement another round of tariff...Read More
Gold futures are higher as stock traders seek safetyAs trade tensions between the U.S. and China heat up, investors are fleeing stocks for the perceived safety of tangible assets like gold. With futures on the malleable metal flirting with six-year highs, several gold stocks are shining today, including Wheaton Precious Metals Corp (NYSE:WPM) shares. What's more, WPM recently flashed a historicall...Read More
Tyson Foods posted strong quarterly earnings Tyson Foods, Inc. (NYSE:TSN) is trading up 5.9% this morning at $84.43, thanks to a quarterly earnings beat. The meat supplier also said it received a subpoena from the Department of Justice to provide documents and information on the chicken industry, and that it's complying with the requests. Traders are also anxious to learn how the swine flu fever o...Read More
The stock is at the top of the Nasdaq todayWhile the broader stock market reels on ramped-up trade tensions between the U.S. and China, one equity bucking the trend in a huge way is Allakos Inc (NASDAQ:ALLK). The pharma stock is at the top of the Nasdaq this morning, more than doubling after the company's eosinophilic gastritis treatment met the goal in a mid-stage study. In addition, the company...Read More
GlycoMimetics' sickle cell disease treatment failed a late-stage study The shares of GlycoMimetics Inc (NASDAQ:GLYC) have more than halved this morning, down 50.1% at $4.56, afterPfizer (PFE), the company's partner in the trial, announced that the biotech's blood disorder treatment rivipansel did not meet the goal of its late-stage trial in patients with complication of sickle cell disease. The st...Read More
PG has had an exceptional year on the chartsShares of Procter & Gamble Co (NYSE:PG) are trading slightly lower this morning, down 0.9% at $115.41, despite the Dow name receiving a price-target hike to $121 from $106 at Berenberg. This bull note comes less than a week after the company posted a second-quarter earnings beat, resulting in a record high of $121.76 on July 30. Cincinnati-based PG has...Read More