One of my favorite Seinfeld episodes is when Kramer storms into Jerry's apartment and starts complaining about another golfer who picked up his ball in the middle of the fairway to clean it. Kramer goes on to say that he penalized his friend a stroke for breaking the rule. Elaine then asks, "What is the big deal?" and Kramer replies, "Hey, a rule is a rule, and without rules there's chaos."The sam...Read More
May 17, 2019 Guest(s): Frank Holmes CEO, U.S. Global Investors As much as bitcoin can be seen as a form of currency, it still is not a replacement for gold, said Frank Holmes, CEO of U.S. Global Investors. He said that it is not well understood, especially by today's younger generations, why gold is fundamentally important to any economy. "[Millennials] should do their homework, they should open...Read More
David Stockman appears on "Gold, Goats, and Guns" (May 12th, 2019)David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David is the founder of David Stockman's Contra Corner, and he is the author...Read More
"I would rather starve to death than change my opinions in that regard," Manning said.Continue...Read More
By: Ira EpsteinGold trend in up-thrust and is staying bullish. Hits 100 day moving average, running out of steam. The stock market rally relieved some of the safe-haven buying:Read More
The on-again, off-again trade deal with China has put some life into the stock market, all of it vicious. It has also invigorated an otherwise moribund discussion concerning weather tariffs are good or bad. Popular wisdom has it that the mere discussion of Smoot-Hawley tariff legislation caused the stock market to gyrate wildly in 1929 and eventually to crash. Pat Buchanan does a good job debunk...Read More
Cash will be the king now. Low risk traders and investors will prefer to sit on cash rather than invest in uncertain times. Fundamentals will be the key to investing now. Now a days it is very rare to see rallies in any investment dictated by fundamentals. Gold, Indian stocks and even Indonesian stocks have a long term fundamentally strong story. Only risk to the world growth is energy prices be...Read More
The U.S. leader will reportedly delay tariffs on European cars for up to six monthsThe Dow finished higher again today, amid reports that President Donald Trump will delay tariffs on European automobiles by up to six months. In addition, Wall Street cheered Treasury Secretary Steven Mnuchin's comments that he will likely head to Beijing soon to resume trade talks with China. The positive trade hea...Read More
BYND stock hit a record high earlierBeyond Meat Inc (NASDAQ:BYND) stock is red-hot today, after Tim Hortons -- the Canadian coffee chain owned by Restaurant Brands (QSR) -- said it is testing Beyond Breakfast Sausage sandwiches in select markets. At last check, BYND was up 11.5% at $88.84, earlier tagging a record high of $93 per share.Options traders are showing unusual interest in the stock amid...Read More
KTOS is pacing for its best month in two yearsThe shares of Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) are assailing new heights today, after the firm inked a $4.9 million contract to develop a THREAT system for the U.S. Army. While most of the stock market stumbled recently on the escalating U.S.-China trade war, KTOS stock has been on absolute fire, pacing for a sixth straight daily...Read More
Three of the biggest Nasdaq movers todayReports that the Trump administration may delay tariffs on auto imports have helped stocks turn higher today. Turning to the healthcare sector in particular, three biotechs making big moves today are Cellectar Biosciences Inc (NASDAQ:CLRB), ImmunoGen, Inc. (NASDAQ:IMGN), and PDS Biotechnology Corp (NASDAQ:PDSB). Here's a closer look at the shares of CLRB, IM...Read More
A bull signal just flashed for BBY ahead of earningsShares of the tech retailer Best Buy Co Inc (NYSE:BBY) are slightly higher today, ahead of the company's first-quarter earnings, slated for release before the open next week on Thursday, May 23. The stock has cooled off since its year peak just atop the $75 area in April, but has found support at its 160-moving average -- an area that has acted a...Read More
Gold appears to have been trading in a huge sideways trend over the past 3 years after the price bottomed right at the end of 2015. More recently we saw a strong recovery from an August 2018 low of $1160 with prices peaking at $1346 six months later in February of this year. We seem to have experienced a healthy correction to the downside, over the past 2-3 months as prices dipped to $1265, just...Read More
Wallbridge Mining has released the final results from a 33,200-tonne bulk sample at its Fenelon gold project in northwestern Quebec.Highlights from the campaign at the past-producing project follow:The bulk sample established Fenelon could be mined at good grades using the relatively low cost bulk mining methods;Stope grades ranged from 10.94 to 38.33 g/t gold;33,233 tonnes of ore with a reconcile...Read More
Gold prices finished modestly higher Wednesday, although remained below the psychologically significant price of $1,300, as benchmark U.S. stock indexes shook off earlier losses to move up by the time gold futures settled. The precious metal saw support "as tensions increased with Iran, worries persist in trade and tariff talks with China-with...Brexit still unresolved," said George Gero, managing...Read More
Both equities sport attractively priced optionsFor the past week, most of Wall Street has been playing "defense," as U.S.-China trade tensions ramped up. As such, consumer staples stocks have outperformed, and two names in particular could see even more upside in the near term. First up is General Mills, Inc. (NYSE:GIS), which on Monday nabbed an annual high of $52.30 earlier. As GIS bucks the bro...Read More
After confirming immediate-term bottom, gold price is on the upswing.Trade war fears have been the driving force behind gold's rally.Unless confirmed by silver, the gold rally likely isn't sustainable.Gold's luster is gradually returning after months of underperforming equities and other risk assets. Yet despite the metal's improved prospects in the immediate term, there are still several...Read More
Trian Fund Management is rumored to be pushing for changes at the investment firmLegg Mason Inc (NYSE:LM) stock is trading up 1.9% at $35.35, amid unconfirmed chatter Nelson Peltz's Trian Fund Management is pushing for plans to increase returns for LM shareholders. Buzz about the potential activist investor campaign follows the company's turn in the earnings confessional earlier this week, with LM...Read More
The tech sector is performing well todayThe Dow Jones Industrial Average (DJI) has moved into the black at midday, overcoming early losses, thanks to a CNBC report indicating the Trump administration will delay tariffs on auto imports from Europe for up to six months. This comes after President Donald Trump said a trade deal with China is going to happen, while investors are also monitoring soft r...Read More
Nicaragua-focused Condor Gold (LON:CNR) saw losses narrow in the first three months of the year as administrative expenses almost halved in relation to the same period in 2018.The miner logged a pre-tax loss for the period of ?352,553, compared to a ?602,678 loss a year before. This was almost entirely due to lower administrative expenses, which shrank to ?352,989 from ?602,915.In the quarter,...Read More