June 7th, 2019(S14-E699)Featured GuestsNick Barisheff & Dr. Chris MartensonGuest order by seniorityPlease Listen Here Interview RecapNick Barisheff returns to the show, head of Bullion Management Group (BMG) and author of $10,000 Gold.BMG announced a new hedge fund for pension funds and accredited investors to prepare investors for financial calamity.Nick Barisheff cautions investors to pr...Read More
By: Ed SteerYESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUMThe gold price drifted quietly lower almost from the open of trading in New York at 6:00 p.m. EDT on Thursday evening, with its low tick of the day coming at, or shortly after the 2:15 p.m. afternoon gold fix in Shanghai. It wandered higher without much conviction until the noon silver fix in London -- and then began to head higher...Read More
- RambusIt's hard to believe that the massive H&S consolidation pattern we've been following for several years began to develop all the way back in 2013 during the initial crash off the 2011 high. This weekly line chart shows the price action closing this week right on the neckline at 1350. Note how many touches the neckline has experienced from below with each one backing off. Now the questio...Read More
"Consider trade protectionism. It's been tried - and found wanting - since the Great Depression." Elaine Chao, U.S. Secretary of Transportation 2017-, Secretary of Labour 2001-2009, Republican Party member, Spouse Mitch McConnel, b. 1953 "As we learned after President Herbert Hoover signed the Smoot-Hawley tariff at the outset of the Great Depression, vibrant international trade is a key compon...Read More
By: Michael KosaresGold suddenly broke to the upside on the morning of Thursday, May 30th, 2019. After rising nearly $70 - a 5.4% gain and eight-straight days of posting gains, it took a breather on news that Mexico would take steps to stem migrant flow to the United States, thus avoiding the imposition of new tariffs. We asked Zac Storella from Counting Pips, a widely-acknowledged expert o...Read More
StrengthsThe best performing metal this week was silver, up 3.06 percent, partly on the stronger gold price and on the news that the world's third largest refinery was forced to halt production due to a failed blast furnace. The yellow metal was on fire this week and is heading for its best week in a year. The weekly Bloomberg survey showed that most gold traders and analysts are bullish going...Read More
Stocks took another bold leap Friday, heedless of payroll data that suggest U.S. employers pulled back on hiring in May across all sectors of the economy. Their clear concern is a global slowdown in China and Europe that appears to be deepening. Copper and crude oil quotes have signaled this as well with a 12% fall in the former and a 20% plunge in the latter. So has the Ten-Year Note, which is...Read More
By: Ira EpsteinGold, there is reason for caution here:Read More
The recent headwind from the possible implementation of 2.75% royalty on Australia-based mine looks manageable for the company.Some investors are more focused on limited growth in the foreseeable future as a grade of Australia-based asset has already got to the unbelievable level in the 2018 report (above 30 g/t).It is time for investors who value experienced management, cash flow generation (FCF...Read More
This was the Dow's longest win streak since May 2018The Dow locked up its sixth win in a row, good for its best winning streak since May 2018. President Donald Trump's decision to not implement tariffs on Mexico was met with a universal sigh of relief, while stocks also got a boost after Treasury Secretary Steven Mnuchin tweeted about "candid" and "constructive" trade talk with People's Bank of C...Read More
WYNN is leading the S&P gainers on a bull note from Jefferies The Dow is set to clock its longest rally in over a year today, eyeing its sixth day in the black after President Donald Trump called off his tariff threats against Mexico. Meanwhile, Novavax, Inc. (NASDAQ:NVAX), Vuzix Corp (NASDAQ:VUZI), and Wynn Resorts, Limited (NASDAQ:WYNN) are making major moves today, as well. Below, we'll dig...Read More
Options traders have targeted BYND during the stock's surgeLooking at the stocks that have seen the most option volume in the past 10 days, courtesy of Schaeffer's Senior Quantitative Analyst Rocky White, two names that stick out are Tesla Inc (NASDAQ:TSLA) and Beyond Meat Inc (NASDAQ:BYND). The shares of both TSLA and BYND are making strong moves to the upside today. Starting with TSLA, the stock...Read More
Microsoft said it will use AMD chips in its new Xbox at E3Plenty of buzz has been swirling around 2019 Electronic Entertainment Expo (E3), including Microsoft's (MSFT) new Xbox reveal, which will be powered by Advanced Micro Devices, Inc. (NASDAQ:AMD) chips. As a result -- and ahead of AMD's own E3 appearance later today BofA-Merrill Lynch boosted its AMD stock price target to $40 from $35.Wells F...Read More
Gold futures dropped Monday to mark their first loss in nine sessions after encouraging global trade headlines drove investors away from the metal and into perceived riskier assets such as stocks, and the U.S. dollar climbed. "A corrective and profit-taking pullback from recent gains" put pressure on gold Monday, with "improved trader/investor risk appetite to start the trading week ... also a ne...Read More
And options are attractively priced at the momentWhen President Donald Trump threatened to impose tariffs on Mexico imports last month, it sent Chipotle Mexican Grill, Inc. (NYSE:CMG) gapping lower. However, with the news over the weekend that those tariffs are now delayed, Chipotle stock is up 2.1% to trade at $726.17, and earlier nabbed a three-year high of $730. Plus, a reliable signal is fl...Read More
One equity has quadrupled to all-time highsThe shares of Provention Bio Inc (NASDAQ:PRVB) are at the top of the Nasdaq today, more than quadrupling after the firm reported encouraging data on its diabetes treatment. On the flip side, the shares of Tandem Diabetes Care Inc (NASDAQ:TNDM) are among the worst of the Nasdaq today, even as analysts -- and options traders -- applaud the company's lates...Read More
Goldman Sachs is the best Dow stock at middayThe Dow Jones Industrial Average (DJI) is soaring at midday, with the blue-chip index headed for its sixth straight win -- a feat not accomplished since May 2018. Goldman Sachs (GS) stock is at the top of the Dow at last check, as bond yields rally on President Donald Trump's decision to not impose tariffs on Mexico. Additionally, Trump told CNBC earlie...Read More
ADI and RDFN both received "double upgrades"Two stocks that received notable analyst attention this morning were chipmaker Analog Devices, Inc. (NASDAQ:ADI) and real estate name Redfin Corp (NASDAQ:RDFN). Let's take a quick look at the coverage on ADI and RDFN shares. ADI stock is trading up 4.9% at $105.66, after Goldman Sachs upgraded the security to "buy" from "sell," and moved its price targe...Read More
The best part? It's risk-free. In an explosive report a former Lehman Brothers executive reveals one of Wall Street's most closely guarded investing secrets.The secret?A proven system for turning small sums of cash into vast windfalls of profits-without risking a penny in the stock market.Essentially, this system uses the latest advances in computer science and financial technology to give inve...Read More
General consensus seems to be that gold performs poorly during recession.A look back at 2008 shows gold was very resilient compared to other commodities, broke to new highs long before recession was over, in the face of a rising dollar.Back then, gold started the recession at all-time highs, the dollar was at all-time lows, commodities at all-time highs, and bonds still had positive real yields.Si...Read More