Jul 25, 2019 Guest(s): Frank Holmes CEO, U.S. Global Investors Gold's price rally has certainly helped mining companies perform well so far this year, but more importantly, the miners themselves have become better managed companies, said Frank Holmes, CEO of U.S. Global Investors. "What's really important is that a lot of these companies have become more lean, they're more efficient, so that's a...Read More
Once upon a time, the deficit spending of the U.S. government was thought to be constrained by something called the "debt ceiling". That this notion still holdsContinue...Read More
Republicans and Democrats have stowed their axes, sunk their differences... and agreed to raise the debt ceiling.The government will remain in funds for the next two years - beyond the 2020 election, not coincidentally.The Wall Street Journal reads the truce terms:Congressional and White House negotiators reached a deal to increase federal spending and raise the government's borrowing limit, secur...Read More
July 19th, 2019(S14-E705)Featured GuestsBill Murphy& Bob HoyePlease Listen HereInterview RecapBill Murphy of GATA.org returns to the show with fresh insights on the recent PMs shares rally that continues to parallel the success of the US shares. One positive contrarian indicator, coin shop owners are telling our guest that demand remains sluggish, despite the strong upward market activity. Joh...Read More
- PlungerThis weekend I would like to review the state two markets. The general stock market and the precious metals market. Following this I will give an update on Plungers Core-7 portfolio.Consider this report an opportunity to read an alternative view of the markets. My views of the major averages are certainly at odds with consensus opinion. Furthermore, they are also at odds with th...Read More
It's a case of "so far so good" for gold, which is breaking out on schedule from its giant complex Head-and-Shoulders base that may also be classified as a Saucer base, as can be seen on its latest 10-year chart...On the 4-year chart we can see that gold's breakout move last month has resulted in its becoming overbought, which partly explains why is hasn't gone anywhere in recent weeks. This is...Read More
Traders dumped stocks in the final hour on Friday, hinting that there actually is a threshold at which bad news begins to matter. For one, Black Rock, arguably the smartest money on the planet, reported a 7% drop in profits. If they can't cut it, is there any hope for the rest of us? In the Middle East, Iran was doing more than merely rattling its saber: agents of the mullahs boarded and seize...Read More
It was another choppy day on Wall StreetIt was another choppy trading session today, with little in the way of big-name earnings reports to digest and no economic data on the docket. However, a strong day for tech stocks kept the S&P and Nasdaq in positive territory for the whole session, while big wins for Intel (INTC), Apple (AAPL), and Microsoft (MSFT) helped pull the Dow into the green by the...Read More
PAYS stock was up 397% year-to-date through last Friday's closeStocks are mixed at midday, but little changed overall as investors anticipate a few big names in the earnings confessional later this week. Three stockson Wall Street's radar today are biotech name Amgen Inc (NASDAQ:AMGN) and e-payment concern Paysign Inc (NASDAQ:PAYS), and biopharma issue Galapagos NV (NASDAQ:GLPG). Here's a look at...Read More
SPWR has pulled back to its 30-day trendlineSunPower Corporation (NASDAQ:SPWR)has pulled back sharply in the last two weeks, logging weekly losses of 2.8% and 5.8%, respectively. As SPWR prepares for its turn in the earnings confessional -- set to report second-quarter earnings after-the-close next week, Wednesday, July 31 -- this recent pullback could present a unique buying opportunity, if past...Read More
BYND stock is up almost 13% todayBeyond Meat Inc (NASDAQ:BYND) stock surged all the way up to $199.44 earlier -- just shy of its June 18 record high of $201.88 --- last seen trading up 12.7% at $199.15. It's not clear what the catalyst is for the bull gap, but options traders are reacting, targeting even more upside for the plant-based burger stock by week's end.At last check, roughly 120,000 call...Read More
Silver futures settled at a 13-month high on Monday, outpacing strength in gold, which saw prices eke out only a modest gain. Rising geopolitical worries on the back of Iran's seizure of a British-flagged tanker, as investors look for major central banks to ease policy, provided support for the precious metals. September silver SIU19, +0.02% rose 21.6 cents, or 1.3%, to settle at $16.411 an oun...Read More
Shares of RTN have struggled to push above $185 this year, but a breakout could be imminentShares of U.S. defense contractor Raytheon Company (NYSE:RTN) are moving higher this afternoon, last seen up 0.6% at $179.61. RTN has been relatively stagnant since mid-February, struggling to break above the $185 mark. However, the stock has held onto its 17% year-to-date lead, and with new Iran tensions s...Read More
Production for the 2Q'19 was solid with an estimated 14,859 Oz Au Equivalent, up 36.9% sequentially and up 18.2% compared to the same quarter a year ago.Those numbers also include 1,678 Au Oz and 972 Ag Oz from Isabella Pearl first production. Future growth is tremendous with the new Isabella Pearl mine.Gold Resource has an excellent financial position and run by prudent management, which is...Read More
Several FAANG names are due to report earnings this weekThe Dow Jones Industrial Average (DJI) is lower at midday, erasing early morning gains as investors prepare for the latest batch of earnings reports, including several FAANG names set to report later this week. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) arehigher, though, enjoying modest gains thanks to semiconductor sector tai...Read More
Calls have been popular on both namesTrade tensions between Washington and Beijing have kept U.S.-listed Chinese stocks on the collective radar. Two names in particular that options traders have been eyeing are Hangzhou-based e-commerce concern Alibaba Group Holding Ltd (NYSE:BABA) and Shanghai-based electric car maker Nio Inc (NYSE:NIO).In fact, both BABA and NIO popped up on a list of stocks tha...Read More
Investors have poured $4B into a flat-lining bond play over the last seven weeksAt its intraday high last week -- which also happened to be its opening level on Monday morning, July 15 -- the S&P 500 Index (SPX) was trading just north of 3,017, in the neighborhood of a 10% return from its June 3 closing low (and, as a point of interest, from its March 8 closing low, as well). And by the time the t...Read More
Two brokerage firms doled out price-target hikes ahead of Amazon's earnings reportRetail giant Amazon.com Inc (NASDAQ:AMZN) just unveiled its plans to build two new robotics fulfillment centers in Ohio, one in Akron and one in Rossford, which will create over 2,500 full-time jobs. The FAANG name is getting bullish analyst attention today, too, with a price-target lift from KeyBanc to $2,200 from $...Read More
Disney stock is set to resume its long-term climbWalt Disney Co (NYSE:DIS) is in focus this morning following the release of its highly anticipated "The Lion King" remake, which brought in $531 million globally, and $185 million here at home, making it the largest U.S. July movie opening ever. And while critic reviews came in mixed, the film received an 89% score from audiences on Rotten Tomatoes,...Read More