LONDON, 7 June 2019 - BullionVault users as a group have taken advantage of gold's fastest price rise in 15 months to sell and take profit this week, reports US news-site MarketWatch."[Today] saw gold trading volumes on BullionVault's online market for precious metals up 209% from the previous 365-day average," MarketWatch says of Friday's action."Demand to buy grew 13% from the last 12 months dai...Read More
The May unemployment report came rolling from the United States Department of Labor this morning.In the highly technical vernacular of the trade… it was a "miss."And not by a nose, not by a hair, not by a whisker.Economists as a group divined 175,000 May jobs.What was the actual number?Seventy-five thousand - fully 100,000 beneath consensus - and the lousiest figure since February.Each one o...Read More
Next to housing and transportation, food is one of the biggest household expenses in the U.S. According to the Bureau of Labor Statistics' 2016 Consumer Expenditure Survey, the average household spends $7,203 annually on food. The survey breaks this number down even further to include food at home, $4,049, and food away from home, $3,154. Notice the numbers are relatively close, despite the fact...Read More
Dr. Chris Martenson PhD & Chris Waltzek PhD - June 4th, 2018. * Download MP3 formatHighlightsDr. Chris Martenson of PeakProsperity.com, author of Prosper! notes the global "everything bubble." Virtually every asset class was inflated by profligate monetary policies and various fiat schemes. The global economy could be on the cusp of a 2nd Great Recession due in part to protectivist trade...Read More
Although oil prices and Treasury yields have been falling an anticipation of a widely advertised economic slowdown in Europe and China, U.S. stocks are rising as though boom times lie ahead. What is going on?? It would appear that bulls simply cannot control themselves when there is talk of Fed easing. The prospect of QE3 has been in the news lately, driving a short-covering rally that has p...Read More
By: Ira EpsteinGold reaching into resistance areas we have seen before:Read More
Stocks extended their short-term run-up on Wednesday, as investors' sentiment further improved following Tuesday's rally. The S&P 500 index got closer to its late May local highs. Is this a new uptrend or just an upward correction?S&P 500 - 100 Points Above Monday's Low, Will Rally Continue?The U.S. stock market indexes gained 0.8% on Wednesday, extending their Tuesday's run-up, as investo...Read More
Investors' growing fears have created a momentum wave for gold.Hedge funds are showing increasing interest in the yellow metal.Gold stocks are still the biggest beneficiaries of gold safety demand.In the market, there are basically two types of momentum which most investors are cognizant of. The first is when asset prices are propelled higher on a sustained basis based on widespread bullish se...Read More
This was the Dow's third straight triple-digit gain and longest win streak since MarchThe Dow nabbed itsfourth straight win today-- it's longest winning streak since mid-March -- and third triple-digit gain in a row. Wall Street is still cheering Fed Chair Jerome Powell's dovish comments from Tuesday, and stocks got a last-minute boost today from a Bloomberg report that indicated the U.S. may post...Read More
XLF has surged over 20% during the past six monthsWith mixed expectations around the Fed's next move, alongside a warning on increased trade disputes coming from the International Monetary Fund (IMF), the Financial Select Sector SPDR Fund ETF (XLF) has been drawing increased attention, specifically in the options pits. XLF has had a notable year on the charts, now up more than 23% from its Decembe...Read More
One trader may have initiated a long strangle in the January 2020 seriesFlex Ltd (NASDAQ:FLEX) is seeing accelerated options trading today, as the stock moves higher on a new bull note. With about an hour left in the session, around 7,300 calls and 6,750 puts have changed hands on FLEX, three times what's typically seen at this point, and volume pacing in the elevated 98th annual percentile.Most o...Read More
Toronto-based Warrior Gold has completed its 15-hole winter drilling program at its Goodfish-Kirana gold project 5 km from the town of Kirkland Lake. The results confirm the geological model, include several significant assays, and confirm historical results.Drilling at the C zone intersected two 100 g/t gold intervals and encountered multiple areas of intense deformation and sericite-carbonate al...Read More
Bears suggest that falling oil, rising gold is bad news for stocks.A closer look reveals that the danger signal isn't as bad as it seems.Leading indicators of recession aren't confirming that danger looms.The pronounced divergence between gold and oil prices has triggered alarm bills for some bearish investment advisors and traders. Recently there have been warnings from some analysts that...Read More
Fortune Minerals is updating the 2014 feasibility study for its NICO cobalt-gold-bismuth-copper project 160 km northwest of Yellowknife. Hatch, P&E Mining Consultants and Micon International have been engaged to produce the new study.Four scenarios are contemplated:Produce cobalt and bismuth concentrates at the mine site and ship these to a proposed refinery in southern Canada (the original scenar...Read More
Gold futures gained Thursday, stretching their advance to a seventh straight session, with market expectations for a Federal Reserve interest-rate cut this year building in the lead-up to Friday's closely watched nonfarm payrolls report. "It has become clear that the global economy is heading rapidly into a recession that could turn out to be deep," Alasdair Macleod, head of research at Goldmoney,...Read More
A subsidiary of the media firm was slapped with a credit rating downgradeEros International plc (NYSE:EROS) stock is at the bottom of the New York Stock Exchange (NYSE) today, after CARE Ratings lowered its credit rating on Eros International Media Limited, a subsidiary of the Mumbai-based movie company, to D from BBB-, citing "ongoing delays/default in debt servicing." While EROS responded, sayin...Read More
Momentum is building for M&A across the gold industry driven by the market, balance sheets and shareholders, a report titled An Activist Gold Rush? by Kingsdale Advisors released Thursday finds.Mining behemoths Barrick (NYSE: GOLD, TSX: ABX) and Newmont (NYSE: NEM, TSX: NGT) have grabbed headlines with acquisitions of Randgold and Goldcorp respectively. Barrick and Newmont, in a JV that creat...Read More
Momentum is building for M&A across the gold industry driven by the market, balance sheets and shareholders, a report titled An Activist Gold Rush? by Kingsdale Advisors released Thursday finds.Mining behemoths Barrick (NYSE: GOLD, TSX: ABX) and Newmont (NYSE: NEM, TSX: NGT) have grabbed headlines with acquisitions of Randgold and Goldcorp respectively. Barrick and Newmont, in a JV that c...Read More
Traders more than doubled their money on Schaeffer's recommended putSubscribers to Schaeffer's Weekend Trader Alert newsletter just more than doubled their moneywith our Box Inc (NYSE:BOX) June 22 put option recommendation. Below, we'll explain how this options trade more than surpassed its expected target, leaving the stock's options traders with a big win.When we initially recommended the put t...Read More
INSY's implied volatility has spikedThe volatile year is continuing for Insys Therapeutics Inc (NASDAQ:INSY), with the shares soaring 20.7% today to trade at $1.04, earlier getting halted for volatility after a more than 80% surge. This price action follows news from last evening of the company's $225 million settlement with the federal government, while today it was announced that Chairman Steven...Read More