Take advantage of the first amendment, and participate in a nation-wide poll.With the 2020 election growing ever closer, the country continues to be divided politically.From disputes about the appropriateness of displaying the Confederate flag, to rights for minorities, and the ever-growing concern about security at the U.S. border, the 2020 election promises to be contentious... if not the most c...Read More
Sitting on solid supply and demand fundamentals, palladium may have more room to grow even with the recent run-up in prices, this according to Phil Streible, senior market strategist at RJO Futures. "There's no question on how high [palladium] could go because of the fact that there's limited supply and it's controlled by Russia and what little comes out of South Africa. With the new regulations...Read More
Adam HamiltonArchivesMar 22, 2019 The mid-tier gold miners' stocks have been rallying on balance in recent months, carving a solid young upleg. They've mostly finished reporting their latest fourth-quarter results, revealing how they are faring fundamentally. Their operating and financial performance is very important for investors, as the mid-tier realm is where most of the gold-stock sector's ga...Read More
U.S. manufacturing activity eased to the lowest level in nearly two years this month, according to a private reading published Friday, pulling Wall Street lower and piling more pressure on the Treasury yield curve, which inverted for the first since in more than ten years. IHS Markit's flash reading of overall activity in the world's biggest economy was pegged at 54.3 points, well above the 50 m...Read More
The Friday Market Minute Stocks slide after European manufacturing PMI falls to lowest level since 2013, while a new orders index hits a 2012 trough, as trade disputes hammer exports in the world's biggest economic bloc.US Treasury Department sanctions on two Chinese shipping firms accused of helping North Korea evade restrictions on its nuclear weapons program rattle nerves ahead of next week's...Read More
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