Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More
David Morgan is a world-renown precious metals aficionado. He is the creator of TheMorganReport.com, 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 prolific author, having penned Get t...Read More
What is shadow banking and will it be the next bubble to bring down the system? Steven Pearlstein is a Post business and economics columnist. He is also Robinson professor of public affairs at George Mason University.Continue...Read More
Legendary mining CEO Rob McEwen gives us his keynote presentation for the conference and discusses where we are in this new bull market. Why we are headed for $5000 an ounce for gold and the likelihood that one ounce of gold will buy one DOW by the time this bull run is over. He says, "Governments are trying to avoid the situation of repaying their debt and will solve the issue by inflating their...Read More
Jun 03, 2019 Guest(s): Christopher Vecchio Senior Currency strategist, DailyFX.com Bitcoin's prices have been linked to emerging markets, including the Yuan, and it is unlikely the Chinese currency will move enough to cause investors to flood into bitcoin, this according to Christopher Vecchio, senior currency strategist of DailyFX.com. "Now, over the past month, the currency with the highest co...Read More
What I'm about to show you is frightening to some people...And will become lucrative to a select few others. So there's no way to sugar-coat this.Continue...Read More
An increasing number of states that have legalized medical-use marijuana, adult-use marijuana, or some combination of the two. But many in the mainstream media, and on Wall Street, continue to believe investing in pot is about getting high.It's time to set the record straight because investing in cannabis has absolutely nothing to do with getting high!Today I'll be discussing my top three reasons...Read More
Although I usually let my charts tell me where stocks are headed next, the 'technicals' are a tad sunnier than I at the moment. This is notwithstanding recent weakness that has caused new record highs that were within spitting distance just a few weeks ago to recede. A 3095 target that lay just 4.5% from early May's peak now sits 10.5% away. It's certainly do-able, but I doubt buyers have the mo...Read More
Stocks extended their short-term downtrend on Wednesday, as investors' sentiment worsened following the trade war fears again. The S&P 500 index fell below its mid-May local low after breaking below the 2,800 mark. Will the downtrend continue?S&P 500: Downtrend Continues, As US-China Trade War EscalatesThe U.S. stock market indexes lost 0.7-0.9% on Wednesday, as investors' sentiment worsen...Read More
Stocks backpedaled alongside 10-year bond yields, stirring recession fearsIt was a choppy session for U.S. stocks today, as the Dow erased early gains around midday to turn lower alongside the 10-year Treasury yield -- which is drawing closer to parity with its 2-year counterpart, and raising alarms about a possible yield curve inversion. This development, paired with rising tensions in the U.S.-C...Read More
Credit Suisse is lacking hope toward Kraft HeinzTrade uncertainty has stocks hovering around breakeven, leaving marketsrelatively quiet at midday. Three stocks that are making noise today are measurement name Keysight Technologies Inc (NYSE:KEYS), Tommy Hilfiger parent PVH Corp (NYSE:PVH), and ketchup manufacturer Kraft Heinz Co (NASDAQ:KHC). Below, we will dive into what is moving the shares of...Read More
The social media stock is making a notable move higher todaySnap Inc (NYSE:SNAP) options volume is heavy today, as the shares of the Snapchat parent jump 1.6% to trade at $11.87 -- putting them within striking distance of their April 8 eight-month peak at $12.63. Most of the action has been at the hands of bullish speculators, as they target even more upside for the social media stock over the nex...Read More
Lackluster trading in gold futures Thursday gave way to a solid move higher, as tepid trade in equity markets and persistent worries about U.S.-China trade tensions and sluggish global economic growth helped lift prices to their highest finish in roughly two weeks. Gold for August delivery on Comex GCM19, -0.02% climbed $6.10, or 0.5%, to settle at $1,292.40 an ounce. That was the highest finish f...Read More
Lackluster trading in gold futures Thursday gave way to a solid move higher, as tepid trade in equity markets and persistent worries about U.S.-China trade tensions and sluggish global economic growth helped lift prices to their highest finish in roughly two weeks. Gold for August delivery on Comex GCM19, +0.23% climbed $6.10, or 0.5%, to settle at $1,292.40 an ounce. That was the highest finish f...Read More
Traders have been buying to open out-of-the-money June calls this weekU.S.-China trade tensions have sparked a sell-off in oil prices recently, with the front-month July-dated contract shedding roughly 13% since its April 23 close at $66.24 per barrel -- last seen at $57.53 per barrel. This weak price action has been seen in the VanEck Vectors Oil Services ETF (OIH), which is off more than 27% ove...Read More
China's retaliatory tariff hikes are set to take effect on June 1The U.S.-China trade war could remain in focus next week, with China's retaliatory tariffs on $60 billion in U.S. goods slated to take effect on Saturday, June 1. Meanwhile, next week's potentially market-moving events will also include May's highly anticipated nonfarm payrolls, as well as Apple's (AAPL) Worldwide Developers Conferen...Read More
Speculators are targeting at-the-money weekly options that expire tomorrowRide-sharing service Uber Technologies Inc (NYSE:UBER) is set to unveil its first earnings report as a publicly traded company after tonight's close, and ahead of the event, the stock is relatively quiet -- last seen down 0.3% at $39.84. UBER's options pits, on the other hand, are buzzing, with volume running at a much quick...Read More
UBS just downgraded Verizon from "buy" to "neutral" The Dow component Verizon Communications Inc (NYSE:VZ) was just served a bearish note by UBS. The analyst knocked the stock to "neutral" from "buy," saying its valuation already prices in a number of potential catalysts. The analyst maintained their price target of $59, which sits at a slight premium to current levels. VZ is down 2.1% at $56.94 a...Read More
Traders aren't doing much with trade uncertainty sapping sentimentStocks are hovering near breakeven today in a low-volume session. Trade uncertainty is holding back the Dow Jones Industrial Average (DJI) and its index peers, with news China is halting soybean purchases from the U.S. overshadowing upbeat gross domestic product (GDP) data from this morning. There's also notable weakness in the ener...Read More