Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average and S&P 500 finished higher for the third straight day.Even with its big jump on Monday, the Dow remains more than 900 points from its all-time high set on Jan. 26.Federal Reserve Chairman Jerome Powell on Tuesday will deliver his first testimony before Congress since he took over from Janet...Read More
Gold and oil rise, dollar steady, ruble gains on S&P upgradeFed Chair Jerome Powell is due to speak on Tuesday, ThursdayPaul Richards of Medley Global Advisors and Nick Bennenbroek of Wells Fargo discuss monetary policy expectations.U.S. stocks rose to a nearly four-week high Monday as continuing gains in Treasuries pushed yields further below 2.9 percent, alleviating investor angst that higher ra...Read More
3 Hot Things to Know About Markets Right Now Warren Buffett might have said more than people think in his latest annual letter to Berkshire Hathaway (BRK.A) shareholders.General Electric (GE) will take a big profit hit as it restates its earnings for 2016 and 2017.Jefferies says it only sees the S&P 500 rising 3.9% this year to 2,855. Market Snapshot U.S. stocks are set to extend last...Read More
This month's stock market correction is still fresh in everyone's mind. Many have even begun to wonder if the era of dark money was truly over.How will the recent correction affect the Fed's dark money policies?The consensus explanation for the correction was that inflation was rising and that would precipitate faster rate increases. The Feb. 2 unemployment report gave the impression that higher...Read More
Markets were up again big today and volatility was down. But we haven't seen the last of rising volatility, nor of the central banks' attempts to thwart it.This week, new Fed Chair Jerome Powell will be giving his first congressional testimony, and you can be sure that markets are waiting on his words with bated breath.Before his testimony, the Fed will be releasing its Monetary Policy Report, whi...Read More
I've mentioned previously that I believe the recent stock market correction would provide us with buying opportunities in a frothy market for cannabis companies.Sure enough, that's exactly what's unfolding before us.And nowhere is that truer than in the pharmaceutical business.We've spent a lot of attention on the big trend of legalized weed in recent months. It's a major shift that's going to con...Read More
He did it! ...And Wall Street still doesn’t believe it.I’m talking of course about the corporate tax cuts that the Trump Administration pushed through Congress, and the positive effect that this new tax bill has already had on American companies and American investors.Sometimes I don’t know whether to laugh or cry when I see how Wall Street and the mainstream media is covering th...Read More
They say 95% of new traders fail and quit before they become profitable.It's an impossible statistic to prove. But this number feels accurate. I think it's safe to assume less than one out of every 10 novice traders survives his first big losing streak.Why is the market eating most new traders alive?The truth is most newbies can't handle the mental aspects of the trading game. If you have a few sp...Read More
Gold undermined by hawkish Fed minutes.Speculators turned slightly bullish on gold for the first time in four weeks, the CFTC shows.ETF investors bought more gold, albeit a small pace, according to FastMarkets' estimates.Expect negative macro forces for the precious metals complex to prove transient.The bull market in gold has just begun. I long IAU with a very long-term approach (>12m). So...Read More
Over the last 6 months, GLD is showing a gain of 3.15% while the HUI is down by 11.7%.There is a strengthening of fundamentals in the gold miners, not a deterioration.It certainly appears as though the HUI wants to hit a double bottom at 160.The risk/reward heavily favors the miners.The story in the gold sector continues to be the severe underperformance in the miners compared to the SPDR Gold Tru...Read More
Bob Moriarty ArchivesFeb 27, 2018I have covered Torchlight Energy for about two and a half years (TRCH-NASDAQ). The first piece I ever wrote about them was in August of 2015 when the company did a deal with the University of Texas on a 168,000-acre field in way West Texas. And in April of 2016 I wrote about them picking up a land position in the Midland Basin and drilling the first vertical well i...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:stewart@gutrader.comFeb 27, 2018For the past fifteen months or so, gold has repeatedly been turned back by immense technical resistance in the $1370 area.Pleaseclick here now. Double-click to enlarge this daily gold chart. There have been three clear attempts to push through the $1370 area since November of...Read More
10%. That's what February’s flash crash shaved off of the major US equity indexes. And now Gerome Powell, the Fed's incoming chairman, is saying that he's fine with inflation exceeding the target rate of 2%. Put another way, he's promising that monetary policy will be as loose as necessary to keep asset prices elevated and the wealth affectgenerating lots of debt-driven consumer spending. An...Read More
CloseGain/LossGold $1318.60-$14.60Silver$16.42-$0.21XAU78.97-2.82%HUI173.05-2.83%GDM603.45-2.01%JSE Gold1083.86-20.56USD90.40+0.55Euro122.33-0.87Yen93.27-0.37Oil$63.01-$0.9010-Year2.901%+0.038T-Bond143.6875-0.53125Dow25410.03-1.16%Nasdaq7330.35-1.23%S&P2744.28-1.27% The Metals: Gold edged up to $1334.70 in Asia, but it then fell all of the way back to $1313.50 in early afternoon New York t...Read More
By Ira EpsteinSoaring US Dollar sinks metals.https://www.iraepstein.com/ Read More
David Stockman on "Closing Bell" (CNBC, Feb. 27, 2018)David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David is the founder of David Stockman's Contra Corner, and he is the author, most recen...Read More
10%. That's what February's flash crash shaved off of the major US equity indexes. And now Gerome Powell, the Fed's incoming chairman, is saying that he's fine with inflation exceeding the target rate of 2%. Put another way, he's promising that monetary policy will be as loose as necessary to keep asset prices elevated and the wealth affect generating lots of debt-driven consumer spending. And -...Read More
It's no secret that the US debt has gone exponential, much like the stock market. While Donald Trump may be an expert in corporate bankruptcy, he's never taken a country through Chapter 11 before. But it sure looks like he's going to get his chance, sooner rather than later. Which is why precious metals are still a good idea, especially because of the apathetic response they're currently receiving...Read More
By Craig HemkeAfter rising together through 2012, the past five years have seen a massive divergence between the total amount of accumulated U.S. government debt and the price of COMEX gold. When, if ever, will we see this correlation reappear? After falling together through the late 1990s, the price of COMEX god and the total accumulated U.S. debt began to rise together since 2002. With the hel...Read More
In this episode of the Keiser Report, Max and Stacy discuss the lie observations about cable news channels and the hysterically funny details of famed investment newsletter writer, Dennis Gartman, getting rekt on FOMO - Fear of Missing Out - after his 'blockchain' investment goes horribly wrong. In the second half, Max interviews journalist and author, Matt Taibbi, about the political landscape he...Read More