Gold price started a major downside move from well above the $1,315 support level against the US Dollar. The price traded below the $1,307 support level to move into a bearish zone. Sellers gained traction and the price broke the $1,300 support. There was even a close below the $1,300 support and the 50 hourly simple moving average. The price traded as low as $1,286 and it recently corrected above...Read More
Use gold to protect any IRA, 401(k), or retirement account from a looming financial crisis. Every American needs to learn how to protect and secure their retirement against the worst stock market crash in history, and this IRA/401KInvestment Guide 2019 is one way the average American can help protect their investments in the event of a crisis.Jim Rickards is the nation's most vocal and intellig...Read More
The equity is on pace to conquer its 320-day moving average todayBerenberg this morning called out United Parcel Service, Inc. (NYSE:UPS) for having a strong global presence, and said it's "increasingly confident that it will deliver margin improvement in both its international business and U.S. this year." As such, the brokerage firm handed UPS an upgrade to "buy" from "hold," and tacked on $5 t...Read More
Credit Suisse analysts predict that the U.S. parcels market could double in 5 yearsAt least two brokerage firms discussed Amazon.com, Inc. (NASDAQ:AMZN) in notes this morning. Credit Suisse mentioned the FAANG stock in its write-up on FedEx (FDX), saying the latter can increase profits and market share as it competes with Amazon in delivery. At the same time, the analysts also predicted that the U...Read More
The majority of covering analysts call CVX stock a "buy"The shares of Chevron Corporation (NYSE:CVX) are trading up 1.3% at $124.83, after Morgan Stanley initiated coverage on the oil major with an "overweight" rating and a $146 price target -- an 18.5% premium to last Friday's close. The brokerage firm called CVX low risk, and waxed optimistic on the company's free cash flow and dividend coverage...Read More
MNKD received a $12.5 million milestone payment from United TherapeuticsBiopharmaceutical concern MannKind Corporation (NASDAQ:MNKD) is volatile today, after the company received a $12.5 million milestone payment from United Therapeutics (UTHR). The payment is part of a collaboration agreement -- worth up to $37.5 million in milestone payments for MNKD -- to develop and commercialize MNKD's hypert...Read More
Commodities had their best quarter in almost three years, driven by supply concerns and optimism over demand. Investors, though, might not want to get too cocky.The outlook for demand is running into troubling signs in the U.S. and China, the two biggest consumers. In early March, China cut its goal for economic expansion, while a report last week showed U.S. growth cooled more than forecast.In th...Read More
ATVI has struggled to break out, thoughThe shares of Activision Blizzard, Inc. (NASDAQ:ATVI) are up 0.9% to trade at $46.44 this morning, after Wedbush added the video game maker to its "Best Ideas" list. In the note, the brokerage firm believes ATVI could see "significant outperformance" in 2019 and that strength continuing into 2020, when the company could realistically post earnings per share o...Read More
Eight men suffocated in an unauthorized gold mine in Peru after a tunnel they dug began spewing noxious fumes, local media reported on Sunday.Cesar Rondo, the only miner who survived the disaster, told local broadcaster RPP that the group became dizzy and suffered headaches in the tunnel. Rondo managed to drag himself out, but he lost his brother and colleagues inside.It was not clear who, if anyo...Read More
February retail sales data fell short of expectationsDow Jones Industrial Average (DJI) futures are signaling a positive start to a historically strong month, with the blue-chip index set to build on its first-quarter momentum. Encouraging factory data out of China is whetting investors' risk appetite today, with bulls shrugging off an unexpected drop in February retail sales data. Futures on the...Read More
Traders should watch the VIX 18 level as a warning sign that the massive short futures trade is set to unwindThe first quarter of 2019 is in the books. The S&P 500 Index (SPX - 2,834.40) logged an impressive 13% advance, following a lousy fourth quarter that saw the index lose 14%. In case you missed Schaeffer's Senior Quantitative Analyst Rocky White's Indicator of the Week commentary last Wednes...Read More
Is it time to prepare for the next financial crisis?Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is going on?Former hedge fund manager, Dr. Steve Sjuggerud, one of the most widely-followed financial analys...Read More
ArcWest Exploration (TSXV: AWX) closed today the 100% acquisition of the Sparrowhawk property near Smithers, in the western Canadian province of British Columbia.In a press release, the Vancouver-based miner explained that it decided to go ahead with the purchase because the property is adjacent to two significant porphyry copper-gold deposits, including Glencore Canada's Bell and Granisle mines a...Read More
Canada's Pure Gold Mining (TSX-V: PGM) expects to begin trading on the main market of the London Stock Exchange this quarter and so lift its international profile ahead of its transition to producer from developer.The Vancouver-based company said it doesn't intend raising capital in conjunction with the admission of its shares.Listing seeks lifting Pure Gold's international profile ahead of its tr...Read More
* GRAPHIC-2019 asset returns: (Adds closing prices, Zinc stocks)By Zandi ShabalalaLONDON, April 1 (Reuters) - Nickel prices ended higher onMonday after positive factory data from top steel producer Chinaraised hopes for higher demand, while inventories fell.Factory activity in China unexpectedly grew for the firsttime in four months in March, an official survey showed onSunday, suggesting governme...Read More
Condor Gold (LON:CNR) said Monday that recent metallurgical test work on samples taken from its 100%-owned La India gold project in Nicaragua had confirmed 95.4% gold recovery in laboratory conditions.The gold recoveries, said the miner, are far better than the ones found during tests carried out in 2014, for preliminary feasibility study, which used material from drill core from the La India and...Read More
Condor Gold (LON:CNR) said Monday that recent metallurgical test work on samples taken from its 100%-owned La India gold project in Nicaragua had confirmed 95.4% gold recovery in laboratory conditions.The gold recoveries, said the miner, are far better than the ones found during tests carried out in 2014, for preliminary feasibility study, which used material from drill core from the La India and...Read More
Eldorado Gold (TSX:ELD)(NYSE:EGO) has kicked off commercial production at its Lamaque mine located in Quebec, the company's first operation in the home country, expected to produce between 100,000-110,000 ounces of gold this year.Lamaque underground gold mine in Val d'Or, Quebec, is expected to produce up to 135,000 ounces of the precious metal a year in 2020 and 2021.Lamaque, which the Vancouver-...Read More
Mar. 29th, 2019(S14-E689)Featured GuestsGerald Celente &Martin ArmstrongGuest order via seniority.Please Listen HereLIMITED OFFER - FREE $5 IN ONEGOLD DIGITAL BLOCKCHAIN EXCLUSIVELY TO GOLDSEEK.COM PATRONS!(Remember to say Goldseek Radio sent you!).In Part I with global financier, Martin Armstrong of Armstrong Economics our guest rejoins the show with commentary. "Tangible assets will surv...Read More
By: David HaggithFor brick and mortar stores, the Retail Apocalypse is closing stores down like a slow-motion video of the asteroid event that took out dinosaurs 66 million years ago. While it may seem to drag on as we watch various species of retail collapse, I originally said this event would take, at least, three years (through the end of 2019) for the bulk of the impact to play out.It was tw...Read More