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
One of gold's most followed moving averages is about to be tested.Bullion demand and neutral dollar favor gold's intermediate-term trend.Bitcoin is also drawing some attention away from gold, which is good.Gold is on the verge of testing the strength of one of its most widely watched trend lines. Once the gold price comes into contact with this trend line, the 50-day moving average, it wil...Read More
VMW had only three negative closes in FebruaryVMware, Inc. (NYSE:VMW) is a hot stock on Wall Street right now. The security is up 5.5% to trade at $181.25, and earlier nabbed a fresh record high of $183.41, afterthe virutalization name reported fourth-quarter earnings and revenue that exceeded analyst expectations. Six price-target hikes have already come in, including one to $203 from $196 at Jef...Read More
The satellite operator also reported weak quarterly results and a dividend cutThe shares of Maxar Technologies Inc (NYSE:MAXR) are down 23.4% at $5.60, after the space technology firm said it was cutting 4% of its workforce -- more than 200 positions -- as part of a broader restructuring plan. The company also reported weak fourth-quarter results, lowered itsdividend payment, and said it's restruc...Read More
The biotech is pacing for its best day in yearsThe shares of Puma Biotechnology Inc (NASDAQ:PBYI) are up 40% at $39.10 in early trading, after the drugmaker announced better-than-expected revenue for the fourth quarter. The company also reported sales of its breast cancer drug, Nerlynx, that beat analysts' expectations. The stock is now pacing for its best day since July 2014. Today's pop could...Read More
MUMBAI/BENGALURU - Gold demand in India improved this week due to a fall in local prices, while some investors in other major Asian centres sold the metal back to make use of relatively higher prices while delaying purchases on expectations of a further correction."Jewellers are buying in a phased manner as prices have corrected. They are expecting an improvement in retail demand in coming weeks,"...Read More
Wall Street is also digesting a key inflation updateDow Jones Industrial Average (DJI) futures are signaling a strong start to March, last seen more than 170 points above fair value on fresh U.S.-China trade optimism. A Bloomberg report indicated officials from the two countries are preparing a trade agreement for President Donald Trump and Chinese President Xi Jinping to potentially sign by mid-...Read More
• The USD remains supported by the overnight upbeat data and kept exerting pressure. • Fading safe-haven demand does little to lend any support or stall the ongoing downfall. • Traders now eye US economic docket in order to grab some short-term opportunities. Gold lost some additional ground for the third consecutive session on...Read More
Gold broke through a mid-term trend support.The precious metal is approaching an important resistance, which capped its upside repeatedly during the past few years.A 5-7% correction is likely before the gold rally continues to the upside.We have published two articles on gold on this website during the past half year. The first concluded on November 1st, 2018, that gold appears to be an attractive...Read More
* Nickel hits six-month peak, helped by China ferrous rally * GRAPHIC-2019 asset returns: (Updates with closing prices)By Eric OnstadLONDON, March 1 (Reuters) - Zinc rose on Friday on concernabout shortages after inventories slid, but some otherindustrial metals were softer after factory activity in topmetals consumer China contracted.Zinc mines have been ramping up, but smelters have not beenable...Read More
* Graphic: World FX rates in 2019* Graphic: Trade-weighted sterling since Brexit vote (Updates prices)By Saikat ChatterjeeLONDON, March 1 (Reuters) - The pound slipped on Fridayafter survey data showed British factories slashed jobs inFebruary, but still enjoyed its biggest weekly rise in a monthon receding fears that Britain will leave the European Unionwithout a deal.The British currency surged...Read More
The passage of Bill C-45 could be a signal to early investors that pot stocks are ready to pop.With Bill C-45 now in effect, it's possible that in the very near future, investors may be seeing stock market gains that will never be seen again. This is a sentiment echoed by The New York Times, which reported that when this bill passes as expected, it will "completely legalize marijuana as a consu...Read More
Since the summer of 2013, gold has largely remained in a tight price channel between 1,100 and 1,380.It also couldn't get any traction to the upside because the Fed was the least dovish of the world's big three central banks and the dollar was strong on a relative basis.The best case for gold would be if the Fed moved toward easing solely because of a weakening U.S. economy.By Jim Iuorio A...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average ended lower Thursday after U.S. economic growth slowed in the fourth quarter.J.C. Penney (JCP) posted stronger-than-expected fourth-quarter earnings and said it expects to be free-cash-flow positive in the coming year. The stock jumped 23.4%.Square (SQ) rose 2.5% Thursday after the dig...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 254,086108,43953,521146,161312,638453,768474,598 Change from Prior Reporting Period 39,916-857133-13,51526,85126,53426,127 Traders 21872684755291173 Small Speculators LongShortOpen Interest 50,87130,041504,639 2,0222,42928,556 non reportable positionsChan...Read More
The gold miners' stocks have been climbing higher on balance, enjoying a solid upleg that is gathering steam. That's fueling improving sentiment, driving more interest in this small contrarian sector. This gold-stock upleg is likely to grow in coming months, partially because of very-favorable spring seasonals. The gold stocks' second-strongest seasonal rally of the year typically unfolds...Read More
It's hard to believe, but the year 2019 is already about 15% in the books. So, with two months behind us, perhaps it's a good time to check in, assess what we've accomplished thus far in COMEX gold and silver, and then look ahead to what's coming as the year progresses.The focus of this post is to update our primary forecasts from December and January. These were each posted at Sprott Money an...Read More
(I wrote here earlier that a public-pension bust is coming that will usher in the Second Great Depression. Could California, Illinois, Connecticut, New Jersey et al. avoid disaster by raising taxes? That's what John Jay, a regular contributor to the Rick's Picks forum, thinks they will do. I strongly doubt it, however, since there is no way the revenuers will be able to squeeze blood from a s...Read More
By: IRA EPSTEINBig volatility can create no volatility for a while, everyone worn out. Gold in a correction phase, nothing bearish looking on the weekly chart.Read More
*This video was recorded on 2/27/19Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, rig...Read More