AMAT is just below its year-over-year breakeven pointExactly one week after inking a deal with Japanese chipmaker Kokusai Electric, tech stock Applied Materials, Inc. (NASDAQ:AMAT) is suffering a pullback. The catalyst behind this morning's decline looks to be a bear note out D.A. Davidson, specifically a downgrade to "neutral" from "buy" and price-target cut to $45 from $55. The brokerage firm...Read More
Gold's forward progress has slowed and consolidation will continue.Economic and geopolitical fears will continue to support the metal.Expect a slowdown in gold stock rally, but the main trend is still up.The same fear which galvanized investors into buying gold still hangs thick in the air despite the well-received trade-related news on Wall Street. While the U.S. and China have agreed to cont...Read More
Most analysts are already bearish on the stocksJ.P. Morgan Securities upgraded its view on industrial stocks Johnson Controls International PLC (NYSE:JCI) and Lennox International Inc. (NYSE:LII). Let's take a brief look at how the brokerage firm is viewing the shares of JCI and LII. For JCI, the covering analyst Stephen Tusa, more known for his General Electric commentary, raised his rating to "n...Read More
Rosenblatt Securities slapped AAPL with a rare "sell" rating todayRosenblatt Securities downgraded Apple Inc. (NASDAQ:AAPL) to "sell" from "neutral," saying "there is less reward for owning Apple stock," following its recent buyback-related boost. And while it doesn't think the equity is "a short," it does see "fundamental deterioration" in the iPhone maker over the next year. The brokerage firm m...Read More
Apple just got hit with a downgradeDow futures are signaling a lower start this morning, with the index set to extend Friday's drop. A struggling tech sector is weighing on markets, with Apple (AAPL) downgraded to "sell" from "neutral" by Rosenblatt Securities. Traders could also exercise caution ahead of a mid-week speech from Fed Chair Jerome Powell, after last week's impressive jobs report less...Read More
A deep dive into the implications of the S&P's push toward the 3,000 level"It appears that signs of progress on the trade front, or a series of economic reports that suggest trade uncertainty is not weighing on the economy, is what investors are looking for to push the SPX through resistance in the 2,950 area."-- Monday Morning Outlook, July 1, 2019The outcome of the G-20 meeting in Osaka, Japan b...Read More
A simple way to stop picking losers, and start cashing in like Wall Street's elite.Most traders would never believe that 9 out of 10 trades could be winners.But while it may sound impossible, thanks to a research breakthrough, it may not be as far-fetched as many think.JPMorgan's trading desk produced a 99.52% win rate from 2013 through 2017. That includes 2 straight years without a losing day....Read More
* GRAPHIC-2019 asset returns:* Zinc hovering near 6-month low * Copper stocks in LME-approved warehouses fall (Releads, updates with dollar, closing prices)By Pratima DesaiLONDON, July 8 (Reuters) - Copper prices slipped on Mondayas sentiment was dominated by the protracted U.S.-China tradedispute and subsequent damage to global growth and demand, and astronger dollar.Benchmark copper on the Londo...Read More
Gold has jumped to its highest levels in six years.This jump has been led by investors adding to ETF gold holdings and speculative interest.The latest COT report shows a large rise in speculators, which is a contrarian warning sign.With the latest jobs report and tariff easing, there are plenty of headwinds to gold.The one precious metal that is attractive currently is platinum. Gold has had an ex...Read More
July 4th, 2019(S14-E703)Featured GuestsDr. Ron Paul& Arch CrawfordPlease Listen HereInterview RecapFounder of The Ron Paul Institute for Peace And Prosperity returns to the show with his case for restoring a gold-backed US dollar.In the Ron Paul Liberty Report last month, Dr. Paul noted, "The Fed Can't Save Us, But Gold Can," in response to the new rate cut cycle.He outlines how this event...Read More
By: Ira EpsteinGold weekly chart shows the stall in the upside momentum:Read More
Europe took competition to a new level last week in the global currency-devaluation olympiad. Nominating the politically-minded IMF chief Christine Lagarde rather than a blue-blooded financier to run the ECB is akin to making Trump chairman of the Federal Reserve. No longer can we pretend that the staid protocols of old-school banking still obtain in the financial realm. Instead, there is a stro...Read More
- The Problem with Keynesianism - Without Savings, Nothing Happens - Maine and Montana"The belief that wealth subsists not in ideas, attitudes, moral codes, and mental disciplines but in identifiable and static things that can be seized and redistributed is the materialist superstition. It stultified the works of Marx and other prophets of violence and envy. It frustrates every socialist rev...Read More
July 4th, 2019(S14-E703)Featured GuestsDr. Ron Paul& Arch CrawfordPlease Listen HereInterview RecapFounder of The Ron Paul Institute for Peace And Prosperity returns to the show with his case for restoring a gold-backed US dollar.In the Ron Paul Liberty Report last month, Dr. Paul noted, "The Fed Can't Save Us, But Gold Can," in response to the new rate cut cycle.He outlines how this event...Read More
By: Ira EpsteinGold weekly chart shows the stall in the upside momentum:Read More
Europe took competition to a new level last week in the global currency-devaluation olympiad. Nominating the politically-minded IMF chief Christine Lagarde rather than a blue-blooded financier to run the ECB is akin to making Trump chairman of the Federal Reserve. No longer can we pretend that the staid protocols of old-school banking still obtain in the financial realm. Instead, there is a stro...Read More
- The Problem with Keynesianism - Without Savings, Nothing Happens - Maine and Montana"The belief that wealth subsists not in ideas, attitudes, moral codes, and mental disciplines but in identifiable and static things that can be seized and redistributed is the materialist superstition. It stultified the works of Marx and other prophets of violence and envy. It frustrates every socialist rev...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 312,70253,75671,633160,282447,104544,617572,493 Change from Prior Reporting Period 14,594-7,79811,7925426,72626,44030,720 Traders 21670735460298178 Small Speculators LongShortOpen Interest 61,33233,456605,949 1,904-2,37628,344 non reportable positionsChan...Read More
"One of the funny things about the stock market is that every time one person buys, another sells, and both think they are astute." William Feather, American publisher and author, 1889-1981 "Some calamities the 1929 stock market crash, Pearl Harbor, 9/11 have come like summer lightning, as bolts from the blue. The looming crisis of America's Ponzi entitlement structure is different. Driven by t...Read More
StrengthsThe best performing metal for the week was palladium, which gained 2.11 percent as the market remains undersupplied with implementation of tougher emission standards in China. A Bloomberg survey of traders and analysts turned bullish for next week's price expectations. Gold recorded its best monthly advance s...Read More