Retired Harvard Law School professor Alan Dershowitz says attempting to use the 25th Amendment to circumvent an election is despicable.Read More
Progress on a trade deal can be bullish for gold since Chinese citizens purchase largeContinue...Read More
Gold is up big lately and most of the gains are not based upon a weaker US dollar.Continue...Read More
Since the end of QE and the "taper" in October 2014, the Fed has been trying to "normalize" their balance sheet and interest rates. The balance sheet needed to be reduced from $4.5 trillion to about $2.5 trillion through "quantitative tightening" or QT, which is tantamount to burning money.Interest rates needed to be raised to around 4% in stages of 0.25%. The purpose of QT and rate hikes was so t...Read More
The stock market took a wobble yesterday.The Dow Jones slipped 104 points, the S&P seven.The Nasdaq worked a slight gain… but the bears won the day's combat by majority decision.The averages roared back today. But what accounts for yesterday's loss?The American consumer evidently caught a flu last quarter.November-December retail sales suffered the largest monthly drop since September 20...Read More
Kirkland Lake, Ontario - February 15, 2019 - RJK Explorations Ltd. (“RJK” or the “Company“) (TSXV: RJX.A) has received assay results from the incomplete drill hole that was terminated during the 2018 drill program on its Rolling Pond gold Property located in Central Newfoundland. As reported in a Press Release dated December 24, 2018, the drilling had been terminated a...Read More
Since the end of QE and the "taper" in October 2014, the Fed has been trying to "normalize" their balance sheet and interest rates. The balance sheet needed to be reduced from Continue...Read More
Since the invention of banking, the global financial system has become increasingly centralized. In the modern system, central banks now control everything from interest rates to the issuance of currency, while government regulators, corporations, and intergovernmental organizations wield unparalleled influence at the top of this crucial food chain. There is no doubt that this centralization...Read More
Stocks had trouble staying aloft Tuesday after rocketing higher a day earlier. Although the Dow finished with a 117-point gain, it was up by more than 200 in the early going and probably would have finished in the red if sellers had been less timid. There were other signs of heavy distribution. For one, AAPL's sly handlers opened the stock on the high of the day, trapping bulls before pulling th...Read More
Question: Plunger you keep insisting that we are in a bear market. Really? The averages have done nothing but go straight up since December 24th. At this rate we will be at new highs within a month. I thought prices go down in a bear market! That's not happening.Answer: The most reliable method of forecasting the eventual outcome of the market over the past 118 years has been Dow's Theo...Read More
The Nasdaq was able to manage a small win on the day U.S. stocks started the day deep in the red following a stunningly bad retail sales report, sparking murmurs of a potential recession. While the major indexes were able to pare much of the losses, traders were hit late in the day with news that President Donald Trump plans to declare a state of emergency to get funding for his border wall after...Read More
Yamana Gold's (AUY) stock rebounded 4.65% in after-hours trading on Thursday after the miner announced Q4 and FY 2018 results. During regular trading hours, Yamana closed down 1.1% in line with the weaker overall market.Yamana's gold equivalent ounce production for the fourth quarter was 310,369, including 270,193 ounces of gold and 3.26 million ounces of silver. Total Yamana gold production...Read More
One CTL option bear may be rolling their July puts downIt's a mostly lower session on Wall Street today, as traders react to a dismal retail sales report. Among individual stocks making notable moves are retailer Canada Goose Holdings Inc (NYSE:GOOS), New York-based real estate investment trust (REIT) SL Green Realty Corp (NYSE:SLG), and telecommunications name CenturyLink, Inc. (NYSE:CTL). Here's...Read More
Subscribers just doubled their money with the May 62.50 callSubscribers to Schaeffer's Option Advisor newsletter doubled their money with the Progressive Corp (NYSE:PGR) May 62.50 call. Here's a quick look at why we expected an outsized move from the insurance stock, and how the profitable options trade unfolded.At the time of our recommendation on Friday, Jan. 25, insurance concern PGR had just...Read More
Gold futures ended lower on Thursday as concerns surrounding U.S.-China trade talks eased and the dollar traded higher for the week. However, the largest monthly drop in retail sales in nine years backed expectations that the U.S. Federal Reserve will pause interest-rates hikes, helping to limit the loss for gold. April gold GCJ9, +0.84% lost $1.20, or less than 0.1%, to settle at $1,313.90 an o...Read More
Gold futures ended lower on Thursday as concerns surrounding U.S.-China trade talks eased and the dollar traded higher for the week. However, the largest monthly drop in retail sales in nine years backed expectations that the U.S. Federal Reserve will pause interest-rates hikes, helping to limit the loss for gold. April gold GCJ9, +0.84% lost $1.20, or less than 0.1%, to settle at $1,313.90 an o...Read More
XRT is struggling beneath the $45 levelRetail stocks have been in focus today, under pressure after some ugly retail sales data. And while SPDR S&P Retail ETF (XRT) has erased its initial losses, put traders have come of the woodwork in droves.More specifically, almost 19,000 XRT put options have changed hands today, double the average intraday amount and nearly 12 times the number of calls trad...Read More
Fortune Minerals of London, Ont. Says the Northwest Territories government has signed a contract for the building of the Tlicho all weather road to the community of Whati. The village is only 50 km south of Fortune's NICO cobalt-bold-bismuth-copper mine and mill project.Fortune will undertake the construction of a road from the mine site to Whati so that concentrates can be shipped out for process...Read More
The 7-figure bet comes ahead of earnings from Pepsi and WalmartThe Consumer Staples Select Sector SPDR Fund (XLP) is an exchange-traded fund (ETF) meant to move with the tides of the U.S. consumer staples sector. Among its top holdings are Coca-Cola (KO), which is getting hammered today on weak guidance. However, ahead of a busy week of events for several other top XLP holdings, including Pepsi (P...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