Gold has failed to gaintraction over the past couple months, normally a seasonally-strong time. That has really weighed on sentiment, leavingtraders increasingly bearish. Goldinvestment demand has flagged dramatically with lofty stock markets spewinggreat euphoria. That’s given gold-futuresspeculators the run of the market, where they have sold aggressively includingextreme...Read More
When was the last time you went shopping and came home with only what you set out to buy?It's rare.More likely, you went shopping and ended up with a few other things not on your list or you ended up spending a little more than you budgeted. How does this happen so regularly?A retailer's job is to squeeze every penny out of you once you walk through the door. It sounds cutthroat, but really some a...Read More
Join Greg Hunter as he goes One-on-One with CIA whistleblower Kevin Shipp, founder of the popular website ForTheLoveofFreedom.net.There is free information and analysis on Kevin Shipp's website called ForTheLoveOfFreedom.net. You can also buy a copy of Shipp's book called "From the Company of Shadows." Read More
Jason talks about the the Tweet this week from Bloomberg fixed income reporter Lisa Abramowicz https://twitter.com/LisaAbramowicz1 and how this proves that the mainstream financial media will repeat (verbatim) whatever narrative the Fed wants them to.Bloomberg Article referenced in video: https://www.bloomberg.com/news/articl...Read Lisa's Tweet about "U.S. inflation is sliding again, and this tim...Read More
Both new households and new businesses are in secular decline. Goosing the stock market and GDP doesn't change this reality.Continue...Read More
"All these people were stranded, unable to enter the United States, without a home or livelihood...The Catholic Church hosts thousands of them in hotels within the dioceses or Continue...Read More
Many market bears are coming out of the woodwork. They're talking up recession and talking down stocks all over town.But Friday's GDP report should stop some of that talk. At 3.2%, first-quarter GDP easily topped estimates.Meanwhile, many Americans are gainfully employed and they're seeing their wages rise now more than any other time since the Financial Crisis. Interest rates and inflation are st...Read More
Gold has failed to gaintraction over the past couple months, normally a seasonally-strong time. That has really weighed on sentiment, leavingtraders increasingly bearish. Goldinvestment demand has flagged dramatically with lofty stock markets spewinggreat euphoria. That’s given gold-futuresspeculators the run of the market, where they have sold aggressively includingextreme...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 176,691139,29659,299154,403211,799390,393410,394 Change from Prior Reporting Period -6,52212,3568558,701-12,3333,034878 Traders 17490775752267184 Small Speculators LongShortOpen Interest 49,65529,654440,048 -3,567-1,411-533 non reportable positionsChange...Read More
Gold has failed to gain traction over the past couple months, normally a seasonally-strong time. That has really weighed on sentiment, leaving traders increasingly bearish. Gold investment demand has flagged dramatically with lofty stock markets spewing great euphoria. That's given gold-futures speculators the run of the market, where they have sold aggressively including extreme shortin...Read More
By: Avi GilburtI am not sure how much more I can add to what has been said over the last two weeks in the metals complex.At this point in time, it is quite clear that the metals are testing support. As specifically noted about silver, the 14.60 support region is what I want to see holding as support here. While I can accept a spike and reversal of that level, a sustained break of that level...Read More
It's like a breath of fresh air when the futures actually finish lower on the day. Granted, the S&P slippage on Thursday amounted to only a few measly points. Would it be churlish to hope it's the start of something really nasty? Bulls should be hoping for nothing less, since the broad averages, especially the Nasdaq, are desperately in need of a rest. Nitro-fueled by FAANG stocks, the Naz ha...Read More
By: Ira EpsteinSpecial Video in lieu of the daily metals update: Swinglines:Read More
US GDP numbers is overhyped today. Traders will take positions for next week's FOMC meet and host of US jobs numbers. There will be an Easter impact on US jobs. Global economy has a feel good situation. Once again it will be a technical trade today. Central bank buying has failed to lift gold. I am against going long in crude oil unless it breaks and trades over $67.20 till Mid May. Remain on th...Read More
The Nasdaq and S&P both closed higher for the day and weekStocks closed higher, with investors digesting gross domestic product (GDP) data that showed the U.S. economy grew 3.2% during the first quarter, well aboveforecasts. However, upside was contained following a batch of mixed corporate earnings reports, with an Intel (INTC) disappointment dragging on the Dow in early trading, while well-recei...Read More
Behind the sharp drop in AAII bears in 2019With the major market indexes recently notching record-high closes, it's not too surprising to find bearish sentiment dwindling. In fact, the 10-week average of American Association of Individual Investors (AAII) respondents who identify as bearish -- or, specifically, who feel the stock market will move lower in the next six months -- recently fell below...Read More
Gold futures finished higher Friday after a quarterly reading of the pace of growth of the U.S. economy came in better than expected, but other aspects of the report raised questions about the underlying strength of the economy. The U.S. economy expanded at a 3.2% annual pace in the first three months of 2019, the government said Friday. The gain was well above forecasts for a 2.3% increase in gr...Read More
Gold futures finished higher Friday after a quarterly reading of the pace of growth of the U.S. economy came in better than expected, but other aspects of the report raised questions about the underlying strength of the economy. The U.S. economy expanded at a 3.2% annual pace in the first three months of 2019, the government said Friday. The gain was well above forecasts for a 2.3% increase in gr...Read More
Amazon plans to make one-day delivery standard for Prime membersWhile the broader equities market is struggling for direction this afternoon, a number of stocks are getting hit on Amazon's (AMZN) plans to make one-day delivery standard for Prime members, with Bernstein analyst Brandon Fletcher suggesting, "this is about making it more expensive to catch up" to the e-tail giant. Here's a closer lo...Read More
India is currently holding its Lower House general elections and Fitch's Solutions' Country Risk team expects Prime Minister Narendra Modi's National Democratic Alliance, led by the Bharatiya Janata Party (BJP), to win the most number of seats, but fall short of a simple majority in the Lower House.Under this scenario, Fitch forecasts in its latest industry trend analysis, India's mining sector wo...Read More