Jun 19, 2019 Guest(s): Kristina Hooper Chief Global Market Strategist, Invesco The Federal Reserve is no longer patient on interest rates and ready to do what it can to support the U.S. economy - that will support gold prices through the long term, said Kristina Hooper, chief global market strategist at Invesco, on the sidelines of the Inside ETFs Canada conference in Montreal. With the U.S. cen...Read More
Jun 19, 2019 Guest(s): Mike Philbrick Mike Philbrick, Portfolio Manager, ReSolve Asset Management When markets are in turmoil, there are only a few trustworthy assets to turn to for protection, this according to Mike Philbrick, portfolio manager of ReSolve Asset Management. "[Gold] is a very different asset class that responds differently to economic regimes that manifest very often, but when th...Read More
"They are going to keep lowering interest rates. It's monetary methadone. All these people are addicts. Morons and imbeciles call them 'investors.' They're addicts and gamblers. They can't stop, and all they want is that drug- monetary methadone. They are just going to keep filling it in until they OD."Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is...Read More
Overt smackdowns of gold as it persistently and repeatedly tests a 6-year resistance & support limit are becoming more obvious, more desperate, and eventually will be proven futile, according to veteran gold market watchdog Bill Murphy of the Gold Antitrust Action Committee (GATA.org.) Murphy returns to Reluctant Peppers to contend that we are witnessing the early stages of gold's breakout from a...Read More
The robot is designed to spy on citizens near parks and city buildings and relay the footage directly to law enforcementContinue...Read More
Jun 20, 2019 Guest(s): Robert Kiyosaki With rising uncertainty in the world surrounding bubbling stock markets, trade wars, and geopolitical tensions, it makes sense for many investors to be rushing to gold, said best-selling author Robert Kiyosaki.Kiyosaki told Kitco News that he prefers to store his gold outside banks."I don't store [gold and silver] in the banks. I'm completely outside the b...Read More
Jun 20, 2019 Guest(s): Phillip Streible Senior Market Strategist, RJO Futures Gold's rally isn't over yet by any means, as one analyst sees the upward momentum continuing. Phil Streible, senior market strategist at RJO Futures, told Kitco News that prices for the yellow metal may still see much higher levels from here. "We should continue to see that break through $1,400 and I anticipate that a...Read More
How far might markets plunge next time around?And will you be able to recover your losses rapidly?Answers - possibilities, rather - shortly.And is one of Wall Street's oldest chestnuts of investment wisdom tragically wrong?This question too we will tackle.But first to that vicious den of sin and iniquity - the stock market.The Dow Jones roared 353 points today. The S&P rallied 28 points and th...Read More
The dollar plays a direct role in the fate of gold.There is a steady inverse correlation between gold and the U.S. real interest rate.Let's look at gold, assuming that its price is a function in which the independent variables are the U.S. dollar index and the level of the U.S. real interest rate.A week ago, I published an article about gold, in which I pointed out that there are not enough driver...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
A surging tech sector propped up Wall Street todayThe Dow started Fed week on the right foot, finishing modestly higher. A surging tech sector -- including Cisco Systems (CSCO) -- helped power gains today, while offsetting lackluster manufacturing and housing data. Trade tensions with China remain elevated, however, especially after Commerce Secretary Wilbur Ross said President Donald Trump is "p...Read More
An earnings beat could prompt short-covering tailwinds for KMXCarMax, Inc (NYSE:KMX) is scheduled to report earnings before the open this Friday, June 21, and the stock just received a bullish analyst note ahead of the event. Credit Suisse upped its price target to $90 from $84, which follows another price-target hike to $100 at Oppenheimer on Friday. There's also been plenty of buzz in KMX's opti...Read More
BMO just downgraded DOW stock to "market perform"Markets are higher this afternoon on gains from tech giants Apple (AAPL) and Cisco Systems (CSCO). Several other stocks are making notable moves today, too, including fellow blue chip Dow Inc (NYSE:DOW), sporting goods retailer Hibbett Sports, Inc. (NASDAQ:HIBB), and drug name ContraVir Pharmaceuticals Inc (NASDAQ:CTRV). Here's what's moving the sha...Read More
Rumors are swirling FB's Project Libra reveal will happen tomorrowFacebook, Inc. (NASDAQ:FB) stock is red-hot today, as buzz builds around the company's cryptocurrency, expected to be launched as early as tomorrow, June 18. Ahead of the highly anticipated Project Libra reveal, FB stock is trading up 3.2% at $187.07, set for its highest close since May 10. FB options traders are getting in on the a...Read More
Gold futures finished lower on Monday, following a four-session streak of gains, pressured by uncertainty ahead of a meeting of the U.S. Federal Reserve that's expected to offer hints on the central bank's plan on interest rates. International trade clashes and a concern over a weakening global economy, however, limited losses for the haven metal. The yellow metal for August delivery GCQ19, -0.1...Read More
Gold futures finished lower on Monday, following a four-session streak of gains, pressured by uncertainty ahead of a meeting of the U.S. Federal Reserve that's expected to offer hints on the central bank's plan on interest rates. International trade clashes and a concern over a weakening global economy, however, limited losses for the haven metal. The yellow metal for August delivery GCQ19, -0.0...Read More
Short sellers could be shaking in their bootsSeveral healthcare stocks are higher today, led by Pfizer (PFE) buyout target Array Biopharma (ARRY). In addition, fellow biotechArQule, Inc. (NASDAQ:ARQL) is among the best stocks on the Nasdaq today, following upbeat drug data. Likewise, Incyte Corporation (NASDAQ:INCY) shares are higher on encouraging data for the company's vitiligo treatment. Agains...Read More
The stock has more than tripled in 2019The shares of prepaid debit card provider Paysign Inc (NASDAQ:PAYS) have soared more than 200% in 2019, and hit an all-time high of $13.63 last week. But today the stock's down 11.3% at $11.27, after brokerage firm BTIG downgraded its rating to "neutral" from "buy." The analyst note suggested that Paysign's strong growth is already priced into the stock price...Read More
HRS options are attractively priced, tooHarris Corporation (NYSE:HRS) is a defense contractor and tech name that doesn't get the publicity of bigger names like Lockheed Martin (LMT) and Raytheon (RTN), despite its merger with L3 Systems back in October. As far as the stock is concerned though, investors may want to take notice, as its flashing two bullish signals that could present intriguing buyi...Read More
A bullish signal just sounded on the charts for CSCOThe shares of blue chip Cisco Systems, Inc. (NASDAQ:CSCO)pulled back after clocking an 18-year high of $57.56 just last week. The pullback was in part sparked by William Blair's bear note, and the stock is starting this week off strong, trading up 1.2% at $55.43. Plus, the equity sounded a bullish signal that could propel it even further up the c...Read More