FSLR has had a strong run already in 2019First Solar, Inc. (NASDAQ:FSLR) this morning was added to J.P. Morgan Securities' analyst focus list, and the brokerage firm reiterated its "overweight" rating while lifting its price target to $72 from $70. The analysts predict upcoming earnings releases could be strong thanks to a successful transition to the company's Series 6 solar modules.This just ext...Read More
IWM rallies less often than SPY post-Fed -- but when it does, the returns are robust"History suggests that a run through 2,900 and back to the September intraday high of 2,940 is imminent. Since 1950, in the 11 instances in which the SPX experienced at least a 20% decline from intraday high to intraday low, as it did in the fourth quarter, and then rallied back to within 2% of its intraday high, w...Read More
Chile's Codelco, the world's No. 1 copper producer, made headlines recently not for its production of the red metal but for putting an end to a centenary tradition.For decades, the National Copper Corporation gave away expensive gold watches to workers that have been with the company for over 30 years. But the practice came to an end in 2019.According to the local press and the agency AFP, when th...Read More
* Trump says he will hike U.S. tariffs on Chinese goods thisweek * SPDR gold holdings fall to lowest since Oct. 11 * Asian, European stocks tumble (Updates prices)By Harshith AranyaMay 6 (Reuters) - Gold was little changed on Monday as thedollar gained after U.S. President Donald Trump threatened toraise tariffs on Chinese goods, escalating Sino-U.S. tradetensions and prompting investors to sell r...Read More
* Trump says to raise U.S. tariffs on $200 bln of Chinesegoods * Beijing says still trying to understand the situation * China vice premier due in Washington this week, may not go * By Ben Blanchard and Jeff MasonBEIJING/WASHINGTON, May 6 (Reuters) - China said on Mondaythat a delegation was still preparing to go to the United Statesfor trade talks, even as U.S. President Donald Trumpdramatically...Read More
Published 10:14PM ET Sun,5 May 2019Updated 2:53PM ET Mon,6 May 2019Reuters Leonhard Foeger | ReutersGold bars at the Austrian Gold and Silver Separating Plant in Vienna, Austria.Gold edged up on Monday as a slide in global share markets after Trump administration's threat of further tariffs on China prompted investors to favor safe-haven assets, but bullion's upside was capped by a firm dollar....Read More
By: RambusI was going through some old long term charts I haven't posted in many years to see if there was anything of interest to post tonight. With long term charts things don't change very fast and the big picture can stay viable for years. I have literally hundreds of charts for the different PM stock indexes that I've built through the years that are tucked away in different chart lists tha...Read More
By: David HaggithThe highest summit of irrational exuberance ever not seen by those engaging in it makes the perfect peak for the greatest global economic collapse ever not known by those who fell into it.Some days the level of denial in the stock market twists my head into a knot not because I am surprised at lemmings jumping over a cliff because they know all the other lemmings are going t...Read More
We Have a ProblemNo SolutionsFriends Don't Let Friends Buy and HoldDallas, SIC, and ConversationsMy recent letters described what I think the future will look like. I hasten to add, it isn't what I think the future should look like or what I want to see. Almost the entire developed world has painted itself into a corner.It won't necessarily be terrible. I don't expect another Great Depression...Read More
By: RambusI was going through some old long term charts I haven't posted in many years to see if there was anything of interest to post tonight. With long term charts things don't change very fast and the big picture can stay viable for years. I have literally hundreds of charts for the different PM stock indexes that I've built through the years that are tucked away in different chart lists tha...Read More
By: David HaggithThe highest summit of irrational exuberance ever not seen by those engaging in it makes the perfect peak for the greatest global economic collapse ever not known by those who fell into it.Some days the level of denial in the stock market twists my head into a knot not because I am surprised at lemmings jumping over a cliff because they know all the other lemmings are going t...Read More
We Have a ProblemNo SolutionsFriends Don't Let Friends Buy and HoldDallas, SIC, and ConversationsMy recent letters described what I think the future will look like. I hasten to add, it isn't what I think the future should look like or what I want to see. Almost the entire developed world has painted itself into a corner.It won't necessarily be terrible. I don't expect another Great Depression...Read More
May 3rd, 2019(S14-E694)Featured GuestsDr. Seth Shostak Ph.D.& Bob HoyePlease Listen HereInterview RecapDr. Seth Shostak Ph.D, lead Astronomer and Astrophysicist at SETI, makes his Goldseek.com Radio debut. Dr. Shostak has a weekly broadcast where he discusses need to send NASA probes throughout the solar system for signs of life. The signalhunters team has rendered several thousand images o...Read More
By: David Chapman "Sell in May, and go away." old stock market adage "All there is to investing is picking good stocks at good times and staying with them as long as they remain good companies." Warren Buffett, CEO, Berkshire Hathaway; investor and philanthropist, b. 1930 "Wall Street's graveyards are filled with men who were right too soon." William Peter Hamilton, editor, The Wall Street J...Read More
By: Stefan GleasonThe roller coaster presidency of Donald Trump is currently riding high as the stock market races back up to new highs, economic data come in better than expected, and Congressional Democrats' endless investigations come up empty handed.Trump's approval rating recently hit 50% at the same time as CNN's ratings are tanking.Over the weekend, President Trump sent CNN and the rest o...Read More
Dear Friend of GATA and Gold:Gold investors, Kitco News market analyst Jim Wyckoff writes today, "are scratching their heads and wondering why their metal has not reacted more positively to unsettling developments on the geopolitical front":https://www.kitco.com/news/2019-05-06/Gold-Bulls-Perplexed-Safe-Haven-Me...Maybe some gold investors share Wyckoff's supposed puzzlement, but not all. In a...Read More
By: Keith WeinerOver the past several weeks, we have debunked the idea that purchasing power i.e. what a dollar can buy is intrinsic to the currency itself. We have discussed a large non-monetary force that drives up prices. Governments at every level force producers to add useless ingredients, via regulation, taxation, labor law, environmentalism, etc. These are ingredients that the consumer...Read More
StrengthsThe best performing precious metal this week was gold, after closing out the week on a strong uptick on Friday. Gold traders were split this week on the yellow metal as it headed for another down week, according to the weekly Bloomberg survey of traders and analysts. However, gold futures rose on Fr...Read More
By: Chris MartensonIn the song Sixteen Tons by Merle Travis (and made famous by Tennessee Ernie Ford), the idea of the 'company store' referred to a system of debt bondage that effectively trapped workers within an unfair system designed to harvest all of their labor at very low cost.You load sixteen tons, what do you get?Another day older and deeper in debtSaint Peter don't you call me 'cause...Read More
Fever took hold of the stock market as the week ended, stoked by the best unemployment numbers in half a century. Two days earlier, shares had fallen sharply as investors registered their disappointment in the Fed's latest pronouncement. Obfuscator-in-chief Powell had said the central bank would hold steady and that the economy seemed in fine shape. But the markets reacted as though they were ho...Read More