Jim Willie is a statistical analyst in marketing research and retail forecasting. He holds a PhD in Statistics, and his career has stretched over 25 years. He aspires to thrive in the financial editor world, unencumbered by the limitations of economic credentials. Jim operates a free website called Golden Jackass.Read More
Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason.Coming up David Smith, Senior Analyst at The Morgan Report and MoneyMetals.com columnist joins me and reviews the key reasons why we ought to own precious metals -- and discusses the risks of NOT acting now when the price of silver is still cheap. He also discusses why he believes the set-up for the next bull leg higher in me...Read More
The mid-tier goldminers’ stocks have been rallying on balance in recent months, carving a solidyoung upleg. They’ve mostly finishedreporting their latest fourth-quarter results, revealing how they are faring fundamentally. Their operating and financial performance isvery important for investors, as the mid-tier realm is where most of thegold-stock sector’s gains accru...Read More
"The time to buy gold is when sentiment is low and people hate it." Jim Rickards is a lawyer, investment banker and economist with over thirty years' experience in capital markets. He is currently Senior Managing Director at Tangent Capital Partners LLC. He advises the Department of Defense, the U.S. intelligence community, and major hedge funds on global finance, and served as a facilitator of t...Read More
President of US Sprott Holdings Rick Rule says, because of how relatively small the gold market is, if a small portion of the investment public moved towards gold, this shift would have a dramatic impact on the price.Rule notes markets don't go straight up. A downtrend or uptrend in precious metals lasting a few weeks should not be taken very seriously. Gold and silver have fallen since late Febru...Read More
Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. He presents a weekly show about finance and markets on London's Resonance FM, and writes for The Huffington Post. Keiser invented "Virtual Specialist Technology," a software system used by the Hollywood Stock Exchange. Prior to inventing this technology, he worked on Wall Street where...Read More
By: IRA EPSTEINYield curve inversion on the treasury bond markets, market issuing warning signs. Gold gained on the day as the stock market went down. People ran to safe havens:Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 204,325115,92968,691186,704302,363459,720486,983 Change from Prior Reporting Period -925-10,502-6,520-5,3251,860-12,770-15,162 Traders 19368815256280176 Small Speculators LongShortOpen Interest 54,44327,180514,163 -3,097-705-15,867 non reportable position...Read More
So much for the 2858.75 print in the E-Mini S&Ps earlier this week that I'd said might mark an important top. Thursday's muscular short squeeze impaled this 'Hidden Pivot' resistance, leaving the futures above it at the close. It also put in play an alternative scenario I'd mentioned i.e., a move above 3,000. The chart shows a 'secondary pivot' at 3005.63 that can serve for now as a minimu...Read More
All three indexes had their worst days since Jan. 3Stocks fell into the red at the open, as troubling eurozone manufacturing data amplified concerns of a slowing global economy. The selling pressure only intensified by midday, as disappointing U.S. factory data and a rare inverted yield curve -- typically seen as a pre-recession signal -- spooked an already-shaky Wall Street. By the time the dust...Read More
With a more than 30% jump in prices so far this year, rhodium now costs more than twice what gold or palladium do. Despite that, the precious metal hasn't attracted much attention from investors. Rhodium, which is corrosion resistant and used in vehicle catalytic converters and as an electrical contact material, has climbed beyond a 10-year high to $3,300 an ounce as of Friday, up from $2,460 at t...Read More
Plus, Nokia options pits come alive amid probeThe Dow is getting crushed today due to the inverted yield curve and a rough outing from Nike (NKE). Of the stocks making particular noise today, mobile network firm Nokia Oyj (NYSE:NOK) is lower, while biotech Neurotrope Inc (NASDAQ:NTRP) and pizza maker Papa John's International, Inc. (NASDAQ:PZZA) are higher. Here's a quick look at what's got the s...Read More
The stock has rallied almost 48% off its late-December lowBest Buy Co Inc (NYSE:BBY) was not resilient to the broad-market sell-off in late 2018, skimming a 20-month low of $47.72 on Dec. 24. Since then, the retail stock is up almost 49% -- thanks in part to a late-February post-earnings bull gap -- but is now trading near a trendline with historically bearish implications.Specifically, BBY stock...Read More
Gold settled higher Friday, amid haven buying, overcoming strength in the U.S. dollar as investors reacted to fresh global growth fears and a recessionary alarm bell sounding in the bond market. Gold for April delivery GCJ9, +0.47% on Comex rose $5, or 0.4%, to settle at $1,312.30 an ounce. It scored a weekly gain of 0.7%, which marked its third weekly rise in a row, according to FactSet data. Th...Read More
Gold settled higher Friday, amid haven buying, overcoming strength in the U.S. dollar as investors reacted to fresh global growth fears and a recessionary alarm bell sounding in the bond market. Gold for April delivery GCJ9, +0.11% on Comex rose $5, or 0.4%, to settle at $1,312.30 an ounce. It scored a weekly gain of 0.7%, which marked its third weekly rise in a row, according to FactSet data. Th...Read More
Traders are digesting negative headlines about Turkey-U.S. relationsConcerns over relations between Turkey and the U.S. are sending the iShares MSCI Turkey ETF (TUR) sharply lower today. The exchange-traded fund (ETF) was last seen trading down 8.9% at $24.62, setting it up for its lowest close since early January, and the first below the 80-day moving average since around the same time. In the me...Read More
Learn how to protect savings and maximize returns by investing in precious metals.Gold Trust would like to announce the newest edition of its guide to precious metals, perfect for anyone hoping to safeguard their investments and retirement!And today, they are giving away a free copy of their Investor's Guide to Precious Metals 2019!Their goal is to help regular investors learn the "pro" secrets...Read More
Nike earnings and an inverted yield curve have stocks selling off todayThe Dow Jones Industrial Average (DJI) is pacing for a weekly loss, which will mark its third in the past four weeks. A modestly bullish start to the week, which resulted in a "golden cross," was quickly halted as a dovish Fed sent big-cap bank stocks spiraling, while Nike's (NKE) post-earnings plunge -- a move not expected by...Read More
Initial results from Argo Gold's (CNSX: ARQ; US-OTC: ARBTF) 2,500 metre winter drill program at its 100% owned Woco gold project near Ontario's Red Lake district have confirmed high grade results reported by previous operators.The company has so far received results for five holes drilled at the Woco mineralized zone, previously identified in 1993. Two of those holes did not encounter any signifi...Read More
Tech strength has helped the IXIC outperform in MarchThe Dow Jones Industrial Average (DJI) issitting on a loss for the month of March, recently dragged down by the Boeing (BA) 737 MAX 8 fallout, poorly received Nike (NKE) earnings, and today's inverted yield curve -- often seen as a precursor to a recession. On the other hand, the Nasdaq Composite (IXIC) is still pacing for a monthly gain of roug...Read More