PreambleLet's start by defining investment and speculation, and for thispurpose, I have used Investopedia:An investment is an asset or item acquired with the goal ofgenerating income or appreciation.Speculationrefers to the act of conducting a financial transaction that has substantialrisk of losing value but also holds the expectation of a significant gain orother major value. Precious metal...Read More
This August marks the 24th year anniversary for http://www.GoldSeek.com, a gold news and financial information website established in 1995. Today GoldSeek.com is ranked as one of the most visited gold websites in the world.GoldSeek.com is headquartered in Colorado with its international team in other parts of the United States, Canada and the Czech Republic. The site has grown to receive o...Read More
Unemployment in the U.S. is at a half-century low and the S&P 500 is trading at near-record highs. Nevertheless, the Federal Reserve today trimmed interest rates for the first time since the financial crisis on stalled manufacturing growth and an anticipated world economic slowdown.The easing cycle may be the catalyst gold needs to outperform the market and retrace its monster bull rally in the...Read More
- Ronan Manly, Bullion StarThe US Federal Reserve's Federal Open Market Committee (FOMC) today announced a 0.25% cut in the influential US federal funds rate from a target range of 2.25% - 2.50% to a target range of 2.00% - 2.25%, a move which was closely watched and widely signaled, but which was the first such fed funds rate cut in over 10 years.As an official interest rate which affects...Read More
Stock market indexes are currently at record or near record highs, even as the chances for recession within the next 1-2 years seem to be rising. So how great would the losses be from these record heights, if the business cycle continues and we get another round of recession and bear market?As explored in this analysis and as shown in the graph above, there is a strong case that a new recession...Read More
Gold and silver fell after the Federal Reserve stance on interest rate cut. There can be more fall today and tomorrow as well. Friday's US July nonfarm payrolls needs to come in below 100,000 for gold and silver bulls to revive. For now gold and silver bears have an upper edge. Traders and markets were way ahead on interest rate cut stance. The Federal Reserve chairman muted all those who were...Read More
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More
Paul Craig Roberts is an American economist and a columnist for Creators Syndicate. He served as an Assistant Secretary of the Treasury in the Reagan Administration and was noted as a co-founder of Reaganomics. Dr. Roberts is a former editor and columnist for the Wall Street Journal, Business Week, and Scripps Howard News Service. He has testified before congressional committees on 30 occasions on...Read More
"Interesting exchange toward the end of Trump's remarks with reporters before Marine One departure: Trump says US considering blockade on Venezuela."Continue...Read More
Silver market analyst Ted Butler welcomed a statement by the new chairman of the U.S. Commodity Futures Trading Commission, Heath Tarbert, that the commission Continue...Read More
Stewart Thomson, Graceland Updates 1. Is gold finally due to swoon or can it continue to rally?2. The naysayers point to overbought conditions on the weekly charts, COT reports showing a mammoth short position held by the commercial traders, and the upcoming stock market "crash season".3. The bulls point to a peaking US business cycle, inflationary and growth-destr...Read More
By: Ira Epstein$1,425.60 keeps the gold price bias to the upside:Read More
The S&P and Nasdaq logged their third straight lossStocks started the session higher -- with the Dow up more than 83 points at its intraday peak -- on a blowout earnings report for Apple (AAPL) and upbeat jobs data. Markets held modest gains through midday, before turning sharply lower in the wake of this afternoon's Fed announcement. While the central bank issued a 25-basis-point rate cut and sai...Read More
Meanwhile, another stock extends its 2019 lead to almost 900%Stocks mostly traded near breakeven today, though the Dow was last seen sharply lower after Fed Chair Jerome Powell suggested more rate cuts may not be coming. Three names to watch in the meantime are electric vehicle producer Workhorse Group Inc (NASDAQ:WKHS), drugmaker Omeros Corporation (NASDAQ:OMER), and online education specialist 2...Read More
A short squeeze could add fuel to the stock's fireThe shares of genetic testing concern InVitae Corp (NYSE:NVTA) are fresh off an all-time high of $28.38, last seen 1.6% higher at $27.60, thanks to a boost from Citron Research. The firm said it will "continue to stay long until the stock hits at least $65, as we believe it is on its way to $100" -- nearly four times yesterday's close of $27.21. Fu...Read More
Gold futures finished lower Wednesday, then extended their decline in to the electronic trading session after the Federal Reserve reduced its key interest rate by a quarter point, as expected. The yellow metal sold off shortly after the Fed news, but Jeff Wright, executive vice president of GoldMining Inc., said he does not expect prices to dip below $1,400 as "the FOMC cuts 25 basis points and al...Read More
Wayfair's second-quarter earnings are expected before the open tomorrow The shares of online home goods retailer Wayfair Inc (NYSE:W) have been coasting steadily lower since touching a record high of $173.71 in March, slamming into resistance at the $165 region and recently falling back beneath the $140 area, which acted as support for the stock's post-bull gap lows back in February. However, Wa...Read More
Spread activity is detected today in VKTX's options pitsThe shares of Viking Therapeutics Inc (NASDAQ:VKTX) are up 3.3% to trade at $7.93 today, as the biotech concern prepares for its second-quarter earnings report, set for after the close tomorrow, Aug. 1. Ahead of the event, VKTX's typically quiet options pits have come alive, with an emphasis on calls. More specifically, VKTX has seen almost...Read More
Gold bulls might be in a mood to celebrate if the Federal Reserve, as is widely expected, delivers a rate cut Wednesday. But history suggests they might want to keep their emotions in check. Gold GCV19, -1.21%, after all, has already enjoyed a substantial rally-with futures trading near a six-year high-fueled in large part by mounting expectations for the Fed to deliver easier monetary policy in a...Read More