PRIVATE BLOG – What’s Wrong with Silver Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com.https://ask-socrates.com/Read More
Portfolio Manager, attorney, finance author, a regular guest on North American media. Danielle Park is the author of the best selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," as well as a popular daily financial blog: www.jugglingdynamite.com. Danielle worked as an attorney until 1997 when she was recruited to work for an intern...Read More
Jason shows more proof from his daily life that inflation/shrinkflation is getting much worse in just the last few months. In economics, shrinkflation is the process of reducing the size or quantity of a product while the price of the product remains the same or slightly increases. In some cases, the term also indicates the lower quality of a product or its ingredients while the price remains the...Read More
August Gold pulled a Pearl Harbor on bears and skeptics Tuesday, reversing early morning weakness with a surprisingly sharp rally. I'd expected another two weeks of corrective action myself after bullion's impressive run-up in June. However, the chart shows the futures to be bound most immediately for at least 1446.90. If so, that would be a new recovery high and an encouraging sign that even b...Read More
By: Ira EpsteinGold needs to break $1,427.80 then $1,446. Something is brewing in gold:Read More
The prime reason for the rise in gold is short covering apart from recession concerns. Trade war is here to stay. IMF chief Lagarde moving to lead European central bank chief is also one the possible reason. Investment demand is on the higher side with every rise in gold price. Hopefully silver will now try and catch up with the gold price rally. Opec has expressed concerns over a weak demand....Read More
Gold futures notched back-to-back session gains on Wednesday, settling at their highest in over six years as expectations grew for loose global monetary policy, boosting the appeal of the yellow metal. International Monetary Fund head Christine Lagarde's nomination to lead the European Central Bank and those of Christopher Waller and Judy Shelton by President Donald Trump have supported a rush to...Read More
Elevated rate-cut expectations fueled buying on Wall StreetStocks ended the abbreviated session with a bang, with the the Dow and S&P settling at record closes -- the latter its third in a row. The Nasdaq also grabbed a record close, thanks to broad strength in the tech sector. There was plenty of economic data to digest, too, the bulk of which boosted expectations for a July rate cut from the Fed...Read More
All three stocks are on the rise todayStocks are on the rise ahead of the early close today for U.S. markets. Three names making notable moves in the abbreviated session are coffee giant Starbucks Corporation (NASDAQ:SBUX), burger chain Shake Shack Inc (NYSE:SHAK), and gold miner Barrick Gold Corp (NYSE:GOLD). Here's how the shares of SBUX, SHAK, and GOLD are trading.Stifel Note Sparks Another Hig...Read More
SGMS put options are cheap as the stock runs into key resistanceA month ago, we profiled Scientific Games Corp (NASDAQ:SGMS) and a flashing bearish signal. Following that June 4 write-up, the stock went on to slide more than 13% into its June 24 low close at $18.08. SGMS shares have since bounced back from those lows -- but heading into the Fourth of July holiday, another short-term sell signal...Read More
Average investor allocation to equities is an incredibly powerful predictor of equity and gold forward returns.Equity allocation is currently higher than long-term averages.Historic relationships suggest strong performance from gold on a 10-year forward basis.Thesis In this article, we decompose what we consider to be the most significant predictor of future gold returns (GLD); the average investo...Read More
The automaker reported extremely strong delivery and production numbers for the second quarterThe shares of automaker Tesla Motors Inc (NASDAQ:TSLA) are soaring this morning, after the company's second-quarter production and delivery numbers shot past Wall Street's expectations and shattered previous records. While the stock is eyeing its biggest swing in over a month, up 6.7% at $239.50, analyst...Read More
The equity's 80-day trendline has historically bullish implicationsAutomatic Data Processing (NASDAQ:ADP) stock took a sharp bounce off its 80-day moving average in early June, eventually topping out at a record high of $170.45 just three weeks later. The shares have since consolidated some of these gains, but are once again trading near this rising trendline -- suggesting ADP could be headed back...Read More
MRK's strong technical performance has earned it several bull notes in 2019The shares of Merck & Co, Inc. (NYSE:MRK) have had a huge year, riding the tailwinds from the company's blockbuster cancer drug Keytruda. The drug is one reason another analyst is saying the stock is a buy, with Mizuho beginning coverage with a "buy" rating and Street-high $97 price target. The brokerage note suggested Keyt...Read More
SYMC options are attractively priced at current levelsA big winner on Wall Street this morning is Symantec Corporation (NASDAQ:SYMC), up 15.3% to trade at $25.49, and earlier nabbing a new annual high of $25.53. This comes after a Bloomberg report suggested semiconductor concern (AVGO) was in advanced talks to buy Symantec. An analyst at Wedbush called it a "golden time" for the cybersecurity fir...Read More
Disappointing jobs data might mean more fodder for the Fed to cut rates Dow futures are back above fair value this morning, with Wall Street hoping that disappointing private-sector payrolls data might be grounds for the Fed to potentially cut interest rates later this month. ADP reported payrolls growth of just 102,000, falling short of expectations for an increase of 135,000 -- and setting the s...Read More
Linton told CNBC he was firedCanopy Growth Corp (NYSE:CGC) stock is down 3.5% in electronic trading, after the cannabis company said Bruce Linton is exiting his roles as co-CEO and board member, effective immediately. In an interview with CNBC, Linton said he was "terminated," as CGC hands over 100% of the top responsibilities to Mark Zekulin, who had been serving in the co-CEO spot.Should today's...Read More
Porter Stansberry is predicting a major change in the American economic system. No one believed Porter Stansberry years ago when he said the world's largest mortgage bankers (Fannie Mae and Freddie Mac) would soon go bankrupt.And no one believed him when he said GM would fall apart... or that the same would happen to General Growth Properties (America's biggest mall owner)... or that oil would fal...Read More
A signal that's been extremely bullish for stocks is soundingIn case you haven't heard, the S&P 500 Index (SPX) gained just over 17% in the first half of 2019. That's the strongest first half of a year since 1997. The question now is whether a six-month rally like this can continue for the rest of the year. I'll look at prior years where the first half was extremely strong and see how the rest of...Read More
* U.S. stock indexes close at record high * Gold hits $1,435.99/oz, highest since June 25 * Palladium hits more than three-month peak * SPDR Gold holdings fell 0.2% on Tuesday (Updates prices)By Diptendu LahiriJuly 3 (Reuters) - Gold steadied on Wednesday, paringearlier gains as a rally in equities reduced the attraction ofthe non-yielding metal, while global growth concerns andprospects for dovis...Read More