Once again gold bears tried to force the yellow metal down, and it appears they have failed. Going into the Fed testimony, gold was under pressure and looked like it might violate support, clearing the way for a breakdown. Surprise - gold held and rallied hard.Since this latest rally in gold started, every time the sellers showed up, buyers defended their positions and overpowered the shorts. Davi...Read More
"Donald Trump and the democrogs- demagogues around the world are learn- leaning into these forces." Read More
Gold and gold stocks especially continue to shrug off bits and pieces of bad news.Continue...Read More
"This collaboration propels Litecoin in front of an audience of millions of people around the world at a time where adoption of cryptocurrencies continues to gain momentumContinue...Read More
Jul 15, 2019 Guest(s): Robert Kiyosaki With rising uncertainty in the world surrounding bubbling stock markets, trade wars, and geopolitical tensions, it makes sense for many investors to be rushing to gold, said best-selling author Robert Kiyosaki.Kiyosaki told Kitco News that he prefers to store his gold outside banks."I don't store [gold and silver] in the banks. I'm completely outside the b...Read More
"It Ain't What You Don't Know That Gets You Into Trouble. It's What You Know For Sure That Just Ain't So."Continue...Read More
- SRSrocco In June, the gold price finally broke above the $1,400 level after five long years. So, who was responsible for pushing the gold price to a new high since 2013? Well, if we look at the data, it most certainly wasn't the physical gold investor. And, according to several dealers I spoke with, physical gold retail investors took advantage of the $1,400+ price to sell metal rathe...Read More
By: Ira EpsteinGold in an up-thrust but in a congestion area:Read More
Fed Chief Powell supposedly has strong support inside Congress to fend off Trump's calls for lower interest rates. How do we know this? Well, there was this headline atop the lead story in Wednesday's Wall Street Journal: 'Powell's Support Inside Congress Is Deep'. And here was the sub-hed, in case you missed the point: 'Lawmakers on both sides say they would oppose any bid to oust the Fed chai...Read More
Trend for gold and silver is bullish. Interest rate cut towards the end of the month has been confirmed by the Federal Reserve chairman. If gold rises very sharply till Monday, then value based buying in silver should catch and there can be some rise. I am quite confident that silver will break free from the recent consolidation phase by next week. Tensions in the Persian Gulf can result in hi...Read More
The S&P and Nasdaq fell short of notching new milestones today, thoughThe Dow made its first-ever trek above the 27,000 mark today, as insurer UnitedHeatlh (UNH) rallied on news the Trump administration was scrapping a plan to curb rebates for insurers. The blue-chip index settled north of the psychologically significant level, too, as big banks Goldman Sachs (GS) and JPMorgan (JPM) popped after F...Read More
The weed concern is buying a manufacturing facility in WinnipegCannabis stock Cronos Group Inc (NASDAQ:CRON) is up 2% at $15.60,moving higher after the company said it will buy an 84,000-square-foot fermentation and manufacturing facility in Winnipeg, Canada. Weighing in on the deal, analysts at Jefferies think the purchase should result in commercial-scale cannabinoid production and improved fina...Read More
Credit Suisse just downgraded Werner stock to an "underperform," and slashed its price target to $29Werner Enterprises Inc (NASDAQ:WERN) and Heico Corporation (NYSE:HEI) are on Wall Street's watch list after analysts slammed the two stocks with bear notes. The former got a drubbing from Credit Suisse, which downgraded the stock to "underperform" from "neutral," and cut its target price to $29 from...Read More
OMER options are seeing heavy trading todayThe shares of Omeros Corporation (NASDAQ:OMER) are up 2.3% to trade at $15.56 today, and earlier traded as high as $16.88. This comes afterthe Food and Drug Administration (FDA) agreed on the main goal of a trial supporting a marketing application for narsoplimab, Omeros' treatment for stem cell transplant-associated thrombotic microangiopathy. In resp...Read More
Gold prices gave up earlier gains on Thursday to settle lower, pulling back from their highest level in a week, even as remarks by Federal Reserve Chairman Jerome Powell were seen signaling a rate cut remains likely at the end of the month. "Feels like a classic buy the rumor and sell the news cycle playing out," said Jeff Wright, executive vice president of GoldMining Inc., when asked about the p...Read More
UNH is a stock to watch right nowUnitedHealth Group Inc (NYSE:UNH) is the best Dow stock today, up 5.4% at $260.75, on news the Trump administration withdrew a plan to end rebates paid to insurance companies by drug manufacturers. This upside move has sparked a rush of activity in UNH's options pits, with most of the action occurring on the call side.At last check, around 31,500 calls and 18,000 p...Read More
Several key economic reports will be released, tooIt's set to be a busy week on Wall Street, with several key economic reports set for release, including updates on retail sales, housing, and consumer sentiment. Plus, following his two-day congressional testimony which had a dovish tilt, Fed Chair Jerome Powell will take the stage on Friday. What's more, second-quarter earnings season gets underwa...Read More
The best part? It's risk-free. In an explosive report a former Lehman Brothers executive reveals one of Wall Street's most closely guarded investing secrets.The secret?A proven system for turning small sums of cash into vast windfalls of profits-without risking a penny in the stock market.Essentially, this system uses the latest advances in computer science and financial technology to give inve...Read More
DDS and WW shares are some of the biggest winners todayStocks are soaring to new highs again thanks to all the excitement around a potential cut in interest rates. Three names making moves you should monitor are retailer Dillard's, Inc. (NYSE:DDS), diet specialist Weight Watchers International, Inc. (NASDAQ:WW), and clinical stage biopharma concern Immunic Inc (NASDAQ:IMUX). Here's what moving th...Read More
ROKU stock had pulled back to the 40-day moving averageSubscribers to Schaeffer's monthly Options Advisor newsletter justdoubled their moneywith the Roku Inc (NASDAQ:ROKU) July 90 call option recommendation. Below, we'll explain how this options trade hit its expected target, leaving speculators with a big win.When we initially recommended the call to subscribers on Friday, June 28, we noted th...Read More