Gary Savage - gold, silver update:Gary Savage Read More
Stewart Thomson, Graceland Updates 1. At McDonald's restaurant, customers can "supersize" their food orders. Can gold supersize its awesome 2019 price action?2. Well, please click here now: https://gracelandjuniors.com/wordpress/wp-content/uploads/2019/07/2019jul23gold1.png 3. The technical action on this gold chart is spectacular!4. Gold has form...Read More
The bull market has been chugging along for more than ten years, so there's little point in pretending we know precisely where or when it will end. However, neither should we ignore the fact that the Dow, having traded as high as 27,399, is mere millimeters from a key 'Hidden Pivot' resistance at 27,463. As a practical matter, because this is a logical place for a top of at least middling impor...Read More
Three things/events/economic data which can affect gold and silver till next week.1. European Central bank meeting tomorrow.2. US GDP numbers on Friday. 3. US-China trade talks. I do not think FOMC meet will have any impact on metals, energies or the US dollar Index. Interest rate cut has been factored in by the market. Gold and silver short-term investors need to c...Read More
Vancouver, British Columbia (July 24, 2019) - PRIZE MINING CORPORATION ("Prize" or the "Company") (TSXV:PRZ) (OTCQB:PRZFF) (MQSP:GR:FRANKFURT) announces that at its Annual General and Special Meeting scheduled to be held on August 22, 2019 (the "Meeting"), shareholders will be asked to consider a special resolution to approve the continuation of the Company into the jurisdiction of British Colum...Read More
Returning SBTV guest, Michael Pento of Pento Portfolio Strategies, believes the nucleus of the next economic crash is the threat of junk bonds. Michael sees a 100% chance of a 25 basis point cut by the Federal Reserve on 31 July.Discussed in this interview:01:33 Update on the yield curve inversion03:46 Fed will inject monetary stimulus07:00 100% chance for Fed rate cut10:34 What would prick the Ev...Read More
Jordan Roy-Byrne, Founder of the Daily Gold shares the levels he is watching for the precious metals and GDX. As gold has run out of steam a little bit, silver and GDX have picked up the pace. This very well could be confirming the breakout in gold but nothing moves in a straight line... like silver has over the past three weeks.Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of...Read More
Hate crime hoaxes have become a tried and true American tradition. We can generally count on a spate of high profile hoaxes to mark each seasonContinue...Read More
Some are saying he attempted suicide, others are saying he was assaulted by another inmate.Continue...Read More
Expected interest rate cuts by all the central banks is supporting gold at the moment. European central bank is expected to cut interest rates in September. Trade war theme is still there. In short, all the factors are bullish for gold. Investment demand is on the rise with passing of each week. Economic growth news will be the key. Measures (other than interest rate or different forms of quan...Read More
U.S. and China trade negotiators are expected to meet in person next weekStocks jumped into positive territory out of the gate, as Wall Street cheered a round of upbeat earnings reports. Blue-chip drink maker Coca-Cola (KO) and "Avengers" toymaker Hasbro (HAS) were two notable winners, surging 6% and 10%, respectively, on the back of the companies' second-quarter profit beats. Upbeat U.S.-China tr...Read More
HUI Gold Bugs index is up +40% since the end of May.Centerra Gold is a low-cost producer with a strong balance sheet.Risk factors that weighed on the stock are vanishing. August Comex gold (GLD) hit a new high last week at $1,454. Below is a chart of the HUI gold bugs index. The index has crossed the 200-day MA and heading toward a break out that I show with the red line. So far this summer rally...Read More
A regional bank gave a dreary outlook for an important figureU.S. stocks have spent the day in positive territory thanks to strong earnings. Three names making the biggest moves are regional bank Zions Bancorporation (NASDAQ:ZION), paint seller Sherwin-Williams Co (NYSE:SHW), and vehicle maker Polaris Industries Inc. (NYSE:PII). Here's a look at the shares of ZION, SHW, and PII. Outlook Scares ZIO...Read More
The social media stock is expected to report second-quarter earnings after the close todaySocial media name Snap Inc (NYSE:SNAP) is on the rise today, up 3.2% at $14.62, just ahead of its second-quarter earnings report, slated for release after the close tonight. This positive price action comes courtesy of a bullish analyst note, as Stifel this morning upgraded SNAP stock to "buy" from "hold," an...Read More
Three names expected to make large swings post-earningsThree companies reporting earnings after the close tomorrow, July 24, are chipmaker Xilinx, Inc. (NASDAQ:XLNX), application delivery specialist F5 Networks, Inc. (NASDAQ:FFIV), and software stock Citrix Systems, Inc (NASDAQ:CTXS). There's notable data to discuss out of the options pits for all three, so let's take a closer look at the shares o...Read More
Existing home sales fell by 1.7% in JuneThe Dow Jones Industrial Average (DJI) is enjoying solid gains today, thanks to a strong earnings reaction for blue chip Coca-Cola (KO). News that Apple (AAPL) is buying Intel's (INTC) modem business is also creating tailwinds for the Dow. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) arehigher, too, on a post-earnings pop for toy stock Hasbro (H...Read More
Short-term options are pricing in low volatility expectations right nowImmunomedics, Inc. (NASDAQ:IMMU) stock topped out at an annual high of $26.99 on Sept. 4, before sliding to a 13-month low of $11.55 by mid-January. A rebound attempt was quickly rejected by the drug stock's 160-day moving average, with IMMU falling all the way back near their January bottom by early June. A bounce off here has...Read More
The retailer just pulled back to a historically bullish signal on the chartsThe shares of Target Corporation (NYSE:TGT) have come a long way since last April's huge bear gap and subsequent three-month bottom just atop $70 -- up roughly 25% off their low to trade at $87.21. And while the stock has found its footing atop support at the 30-day moving average, the $89-$90 region has put a stiff lid on...Read More
Gold prices have continued their advance in recent days, in light with our constructive expectations.Speculators have adopted a "wait and see" approach toward gold over the past two weeks.ETF investors boosted markedly their gold buying last week.Central bank sentiment toward gold has turned positive since last year.As the current environment is conducive to stronger gold prices, we expect BAR to...Read More
Hasbro reported second-quarter earnings and revenue that exceeded expectations Toy name Hasbro Inc (NASDAQ:HAS) is popping in early trading after reporting second-quarter earnings and revenue that topped analysts' expectations. The firm cited a huge demand for Disney's "Avengers: Endgame" toys, with revenue from partner brands rising 3% during the second quarter. In the earnings call, executives a...Read More