Jefferies analyst Andy Barish weighed in on the stockCoffee chain Starbucks Corporation (NASDAQ:SBUX) tagged a new record high of $84.68 out of the gate on a bull note out of Jefferies, but was last seen down 0.2% at $84.05. Analyst Andy Barish lifted SBUX's price target to a Street-high $96 from $89, representing a healthy 14% premium to Friday's close of $84.24. Barish said while uncertainty su...Read More
There's a big M&A deal in healthcare, as wellFutures on the Dow Jones Industrial Average (DJI) are trading above fair value this morning, as Wall Street gears up for this week's Fed meeting. The S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are eyeing positive starts, too, as stocks try to extend last week's tailwinds. Meanwhile, there will be some economic data for traders to consider today, inc...Read More
Plus, the SPY strikes to watch on a Fed surprise"So now what? A full-fledged V-rally would push the SPX back to highs in the 2,950 area, but during the next two weeks -- up until June standard options expiration -- the SPY must first overcome peak call open interest at the 290 strike, which is equivalent to SPX 2,900. Many of the SPY 290-strike calls were bought to open, which means this strike co...Read More
How you can transform lagging indicators into leading indicators.For hundreds of years, since the first stock exchange opened its doors, every trader has been looking for an edge... Some way to predict what will happen next... And hopefully collect a fat "paycheck" at the end of the road.From Bollinger bands to momentum oscillators, technical indicators have been at the forefront of this constant...Read More
* GRAPHIC-2019 asset returns:* Aluminium slips to 29-month low * Strike at Codelco's Chuquicamata mine provides support (Recasts with closing prices)By Pratima DesaiLONDON, June 17 (Reuters) - Copper prices recovered onMonday, boosted by a mine strike and weak Chinese output, butother industrial metals were pressured by nervousness about thedamage to growth and demand from the U.S.-China trade dis...Read More
Bob Moriarty ArchivesJun 17, 2019I have made the Kindle version of Basic Investing in Resource Stocks free from Amazon from today until Friday the 21st of June. If all you do is read the reviews you will understand that it’s worth reading.###Bob MoriartyPresident: 321goldArchives321gold LtdRead More
- Keith Weiner, Monetary MetalsWe will start this off with a pet peeve. Too often, one is reading something about gold. It starts off well enough, discussing problems with the dollar or the bond market or a real estate bubble... and them bam! Buy gold because the dollar is gonna be worthless! That number again is 1-800-BUY-GOLD or we have another 1-800-GOT-GOLD in case the lines on the first n...Read More
With things shaping up so well for gold, we can certainly take any short-term correction in our stride, and more than that, we can seize upon it as an opportunity to build positions further across the sector, whether by means of ETFs, stocks or options, and of course, gold itself.Several factors suggest that a modest short-term correction is likely before the major breakout occurs. Gold is overb...Read More
By: Avi GilburtThe last three years have been extremely difficult for metals enthusiast. If you speak with them, you would assume that gold has been going down for the last three years. Well, at least that is the impression you would get based upon their "sentiment."But, in fact, all gold has been doing for the last three years is move sideways. In other words, it has been consolidating....Read More
"I think they're going to cut more than once this year and start in June."James "Jim" Grant is an American writer and publisher and the founder of Grant's Interest Rate Observer, a twice-monthly journal of the financial markets. He is the author , most recently, of The Forgotten Depression: 1921: The Crash That Cured Itself. Grant's television appearances include "60 Minutes," "The Charlie Rose Sh...Read More
Last week, the House of Representatives voted in favor of a Labor, Health and Human Services, and Education appropriations bill amendment to repeal the prohibition on the use of federal funds to create a "unique patient identifier." Unless this prohibition, which I originally sponsored in 1998, is reinstated, the federal government will have the authority to assign every American a medical ID. Thi...Read More
Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider's Take on Why the Federal Reserve is Bad for America. DiMartino Booth began her career in New York at Donaldson, Luf...Read More
Hard to believe that it's been a decade since the financial crisis. While we've learned some lessons, it's clear we haven't learned the important ones that we need to avoid the next crash. While banks are not making reckless liar loans but the lending standards have clearly been relaxed. The secondary markets are still functioning the same way they did before the crash. And let's not forget about...Read More
Just a couple of weeks ago the financial world's biggest worry was the plunging price of oil. Supply was up, stockpiles were building and speculation was pointingContinue...Read More
David Morgan is a world-renown precious metals aficionado. He is the creator of the Silver-Investor.com website and The Morgan Report, a monthly report that covers economic news, overall financial health of the global economy, currency problems and the key reasons for investing in precious metals. A dynamic, much-in-demand speaker all over the globe, David's educational mission also makes him a pr...Read More
The downside of a "representative" form of government (Republic) is that those who "represent" the people as their full-time career are subject to bribes. A Democracy Continue...Read More
"The most that might come is new ground rules for discussion and some sort of schedule for when detailed technical talks might resume."Continue...Read More
Paul Tudor Jones of Tudor Investment Corp. joins the ranks of Jeffrey Gundlach of DoubleLine Capital and Ray Dalio of Bridgewater Associates in being bullish on the yellow metal.Frank Holmes is the CEO and chief investment officer of U.S. Global Investors, Inc., a boutique investment advisory firm based in San Antonio that manages domestic and offshore funds specializing in the natural resources a...Read More
Dr. Quinton Hennigh, chairman of Novo Resources, in conversation with Maurice Jackson of Proven and Probable, discusses his company's current exploration efforts at three projects in Australia. , Maurice Jackson: Joining us for conversation is Dr. Quinton Hennigh, the president and chairman of Novo Resources Corp. (NVO:TSX.V; NSRPF:OTCQX), which is delivering a new paradigm in gold exploration an...Read More
Technical analyst Clive Maund charts gold and explains why he believes this is a good time to build positions. With things shaping up so well for gold, we can certainly take any short-term correction in our stride, and more than that, we can seize upon it as an opportunity to build positions further across the sector, whether by means of ETFs, stocks or options, and of course, gold itself.Several...Read More