Amazon said its minority investment in Deliveroo would be beneficial for all partiesShares of online powerhouse Amazon.com, Inc. (NASDAQ:AMZN) are down 0.5% at $1,928.63. Pressuring the stock is news a British competition regulator sent an initial enforcement order to Amazon, requiring it to pause its minority investment in U.K.-based mobile delivery service Deliveroo on concerns the two companie...Read More
KPTI options traders could be using calls to hedgeThe shares of Karyopharm Therapeutics Inc (NASDAQ:KPTI) are up 15.9% to trade at $10.31 today, as analysts react to Wednesday's news that the company won accelerated approval from the Food and Drug Administration (FDA) for Xpovio, their treatment for blood cancer. No fewer than six brokerages have hiked their price targets since the approval, the...Read More
Wall Street is worried that strong jobs data in June will discourage the Fed from cutting ratesDow futures are trading below fair value this morning, cooling from Wednesday's all-time highs after a better-than expected June payrolls report -- which has some investors tempering their expectations for a July interest rate cut from the Fed. Payrolls ramped up by a stronger-than-forecast 224,000 in Ju...Read More
It should be a relatively quiet day of trading on Wall StreetIt's set to be a quiet day on Wall Street following the Fourth of July holiday, but a handful of stocks are making big moves in early action, including Swedish drugmaker Oasmia Pharmaceutical (NASDAQ:OASM), French biopharmaceutical name DBV Technologies (NASDAQ:DBVT), and Tesla rival Nio Inc (NYSE:NIO). Here's a quick look at what's mo...Read More
Wall Street may be quiet for the July 4th holiday, but millions of Americans will keep the economy humming as they celebrate the nation's Independence Day this Thursday. Here are some facts and figures about what economic activity we can expect for Independence Day 2019: A Big Day for Eating and Drinking Nearly 90% of Americans plan to celebrate the holiday, spending a total of $6.7 billion on f...Read More
Curious about how companies can better attract millennial investors? Jim Cramer has some thoughts about what millennials want when it comes to investing. And it's more than just being more eco-friendly, although that's a huge part. Here's what Cramer had to say on the topic: "I think that sustainability is a way to bring in millennial investors, staying out of landf...Read More
With members of Congress calling for a halt on Facebook's (FB - Get Report) cryptocurrency plans, the executive in charge of the project, tried to dissuade concerns in a blog post on Wednesday. David Marcus, a former president at PayPal (PYPL - Get Report) who's now in charge of Facebook's Libra project, took to (where else?) Facebook to address some of the blowback from lawmake...Read More
Gold dropped well below $1,400 on Monday. Mainstream analysts said sell-off was because hope for a resolution in the trade war interjected some optimism into the markets, pumped up risk sentiment and put a damper on safe-haven buying. But that optimism apparently faded fast. On Tuesday, gold began to rally again and pushed back above $1,400.The fact is economic realities don't support optimism....Read More
Gold's incredible strength this summer is very unusual, as early summers are the weakest times of the year seasonally for gold, silver, and their miners' stocks. With traders' attention diverted to vacations and summer fun, interest in and demand for precious metals normally wane. So this entire sector tends to suffer a seasonal lull, along with the general markets. This June's bull-mark...Read More
Fans of the improvisational comedy program Whose Line Is It Anyway? may recall host Drew Carey describing it as "the show where everything's made up and the points don't matter."Interestingly, if we replace "show" with "economic doctrine," and "points" with "money," we end up with a near-accurate description of modern monetary theory (MMT).You may have noticed MMT trending in the news in the pas...Read More
- David H. SmithGLD (SPDR Gold Shares NYSE) is the world's largest gold-centric Exchange Traded Fund (ETF). On Friday June 21, 2019 - one day after The Gold and Silver Volcano is Ready to Erupt was posted on this site - a record single day's inflow (gold buying) of over $1.5 billion took place.This stampede, led by hedge funds and "algos" (automated computer buy/sell programs based upon volu...Read More
By: Ira EpsteinGold is overbought, near resistance area again:Read More
Jason Hartman talks with Marc Faber, editor at Gloom, Boom, Doom, about what's going on in our economy with the massive asset inflation that's hit in the past few years. The two examine what central banks will have to do in order to deal with the looming shortages and what investments can buck that trend when it arises.Key Takeaways:[3:54] Asset inflation is making the rich richer and leaving the...Read More
Michael Pento gives a tremendous interview on what he sees as pending doom in the stock market and why he believes we're in for a bout of stagflation that will make the 1970s look like a walk in the park. He also makes a compelling case for gold during an interest rate environment that he believes will soon be turning profoundly negative in real terms. *The interview begins at 6:05Michael Pento is...Read More
Part 1 (part 2 below)President Trump Fed nominee Judy Shelton discusses the gold standard. Part 2President Trump Fed nominee Judy Shelton joins "Santelli Exchange" to discuss the interest rate policy, where she stands in terms of Fed policy and the popularity in cryptocurrency and what it says about government backed currency.Read More
Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric established Sprott Asset Management Inc. Over the years, Eric has personally been the recipient of numerous awards and honors, including one of Investor Dig...Read More
Carl E. Walter, longtime bank executive and coauthor of "Red Capitalism," joins the program to discuss important recent happenings in China.2:55 Reading the tea-leaves8:12 Baoshang Bank: A small fish causing big problems14:12 Hong Kong and the mainland19:56 More stimulus on the way?24:38 Swapping loans for bondsJames "Jim" Grant is an American writer and publisher and the founder of Grant's Intere...Read More
*This interview was recorded on 6/28/19Peter Boockvar, CIO of Bleakley Advisory Group, is looking to take advantage of the technical breakout in gold. He explains the impact of a dovish Fed, notes the relationship between the metal and negative-yielding debt, and reveals just how high he sees prices going.Peter Boockvar is the Chief Investment Officer of Bleakley Financial Group and Editor of The...Read More
"They can shape your experience, they can control what you see, when you see it and you become essentially a cog in their machine."Continue...Read More
Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More