MU is pacing for its best day in yearsThe shares of chipmaker Micron Technology, Inc. (NASDAQ:MU) are soaring in early trading, up 11.7% at $36.50, after the firm announced fiscal third-quarter earnings and revenue that exceeded expectations. Micron also forecast a recovery in chip demand later this year, and said it had begun "lawfully" shipping a subset of products to China's Huawei once again,...Read More
Wayfair stock may be ripe for a short squeezeAs criticism mounts over the state of U.S. migrant camps, furniture firm Wayfair Inc (NASDAQ:W) has found itself in the middle of it. Today, hundreds of employees are planning a walkout after the retailer allegedly sold $200,000 in bedroom furniture to a Texas detention facility for migrant children.A Twitter account called "Wayfairwalkout" was create...Read More
Gold stocks have become over-extended and overheated in recent days.Expect the rate of change in the new highs-lows to soon slow down.Investors should prepare for a potential XAU pullback in early July.June has seen one of the best single-month performances for the actively traded gold mining shares in years. The PHLX Gold/Silver Index (XAU) has gained 21% so far this month and shows no signs of s...Read More
The shares suffered their worst day in years on WednesdayAcer Therapeutics Inc (NASDAQ:ACER) plunged 78.6% yesterday -- its worst session since September 2008 -- after the Food and Drug Administration (FDA) failed to approve the firm's rare genetic disorder treatment, requesting new clinical data. ACER shares are lower again today, last seen down 4.6% at $3.93, as bearish analysts blast the crumbl...Read More
FDX and MU shares are on the rise post-earningsStock futures are trading higher this morning, trying to bounce back after a Fed-induced drop. Behind the risk-on approach are comments from Treasury Secretary Steven Mnuchin, who told CNBC a U.S.-China trade deal was "90% of the way there," and that he believes President Donald Trump and Chinese President Xi Jinping can make progress when they meet t...Read More
* Bitcoin at 18-month high* Analysts point to safe-haven bids, Libra enthusiasm * Biggest cryptocurrency up more 260% since January * Bitcoin's CME futures spur buying activity (Adds analyst comments, new bitcoin high, updates prices, addsNEW YORK to dateline)By Gertrude Chavez-Dreyfuss and OLGA COTAGANEW YORK/LONDON, June 26 (Reuters) - Bitcoin jumped to an18-month high on Wednesday, as investors...Read More
A signal that's been extremely bullish for stocks is sounding, tooIt's looking like the S&P 500 Index (SPX) could have the best June in more than 60 years. The rally has propelled the index to an all-time high after pulling back more than 6% from the last all-time high at the end of April. This week, as I often do, I'll relate the current environment to past instances, and see how the market perfo...Read More
* GRAPHIC-2019 asset returns:* First copper resistance at $6,070/T (Adds comment, closing prices)By Pratima DesaiLONDON, June 26 (Reuters) - Copper prices hit five-weekhighs on Wednesday after U.S. Treasury Secretary Steve Mnuchinsaid a U.S.-China trade deal was 90% complete, but gains werecapped by concern about demand in top consumer China. Benchmark copper on the London Metal Exchange closeddow...Read More
(Adds comments, background)By David Milliken and Andy BruceLONDON, June 26 (Reuters) - Bank of England Governor MarkCarney said the BoE would only cut its economic forecasts toreflect the risk of a no-deal Brexit if Britain's next primeminister makes leaving the European Union without a transitionagreement his preferred policy."In the event that the policy of the government were toswitch, the...Read More
Here Are 3 Hot Things to Know About Stocks Right Now Stocks fell Tuesday as Federal Reserve Chairman Jerome Powell said he and his colleagues on the central bank were "grappling" over whether to lower interest rates. Allergan (AGN - Get Report) shares surged after the company agreed to a takeover from biopharmaceutical company AbbVie (ABBV - Get Report) . AbbVie is Real Money's Stock...Read More
Gold prices climbed to a fresh six-year high Monday, while the U.S. dollar extended declines and some European government bonds hit new all-time lows, as investors retreated into risk-free assets ahead of this weekend's G20 Summit in Japan and simmering military tensions in the Gulf Region. Spot gold prices hit $1,438.63 per ounce in overnight trading, the highest since May 2013, before par...Read More
- Stewart Thomson 1. To view what may be the most important chart in the history of markets, please click here now. Double-click to enlarge. Gold is breaking out of a massive inverse H&S bull continuation pattern, and that pattern itself may be the head of an even more massive pattern that targets the $3000 price area.2. Please click here now. Double-click to enlarge this...Read More
- Richard (Rick) Mills North American stock markets continued to rise on Friday, as more investors took the opportunity to jump into equities on the back of a clear signal from the US Federal Reserve that interest rates are likely heading down. The S&P 500 hit a new record on Thursday, finishing 249 points higher, or 0.9%, to 2,954. The Federal Open Market Committee (FOMC) concluded on Wedne...Read More
- Gary ChristensonEvery 30 - 40 years the world goes crazy, takes a deep dive into a shallow pond, dances with the devil, and resets gold internationally.In 1913:A corrupt congress created the Federal Reserve and reset gold's status. Paper currency units (bad money) eventually drove gold (good money) out of the financial system. Add WWI, the IRS, and League of Nations.In 1944 - 1949:The Bretto...Read More
- Dave KranzlerShort of a raid orchestrated by the central planners to fasten tighter the cap on gold (which remains a real possibility given the historical record), the yellow metal shouldn't encounter much price resistance until above $1,500/oz. - Adam Taggart, Peak ProsperityI agree with the statement above from Adam Taggart but an aggressive price attack by the banks who operate the Com...Read More
By: Ira EpsteinGold technical price update - GDX showing weakness, a key reversal:Read More
By Avi GilburtIf you have followed us since December 2018, then you know we were expecting a major bottom in the cryptocurrency market, and expecting 2019 to be very bullish. In February we wrote an article suggesting an imminent wave two bottom, which proved correct, holding support by $10 on some exchanges.We suggested then that a third wave would commence, thrusting Bitcoin prices much higher...Read More
Bitcoin's impressive rise from the dead has hit 11,467 today, exactly two-tenths of a percentage point from the 11492 target I sent out to Rick's Picks subscribers a few weeks ago. There is further potential to 19,850 if certain conditions are met. Let me show you what to look for.Read More
- Stefan GleasonThe War on Cash isn't a conspiracy theory. It's an open agenda. It's being driven by an alignment of interests among bankers, central bankers, politicians, and Silicon Valley moguls who stand to benefit from an all-digital economy.Last week, Facebook - in partnership with major banks, payment processors, and e-commerce companies - launched a digital currency called Libra. Unlik...Read More
Jordan Roy-Byrne, Founder of The Daily Gold joins me to share his thoughts on what a bullish correction for gold would look like. With everyone saying gold is overbought and a correction is due the fact is that in bull markets price can continue to run and corrections are typically short term events. We discuss a lower level that would still be bullish for gold and just how important Friday's clos...Read More