Analysts are weighing in on Elon Musk's Tesla Inc (NASDAQ:TSLA), semiconductor stock Microchip Technology Inc. (NASDAQ:MCHP), and streaming content provider Netflix, Inc. (NASDAQ:NFLX). Here's a quick roundup of today's bullish brokerage notes on shares of TSLA, MCHP, and NFLX.Pacific Crest Expects a 26% Rally For TSLA StockPacific Crest reiterated its "sector weight" rating and raised its pri...Read More
Gold is the world's ultimate asset, and another spectacular week is underway for investors. While May was mostly sideways (and lower for many gold stocks), it's starting to look like the month of June could be a serious "barnburner".This is the daily bars gold chart.Gold tends to stage a decent rally in the days following the release of the US jobs report. That's in play now, as I suggested it...Read More
With the US dollar taking another hit last Friday on a weaker-than-expected jobs report, gold closed up 1.12 percent for the day. A Bloomberg gauge of 72 junior miners, however, has lost 15 percent since the end of January, and the rebalance of the VanEck Vectors Junior Gold Miner ETF (GDXJ), which I previously wrote about, is also having a depressing effect on many gold names.This was a major con...Read More
The bounce in Treasury yields witnessed after the election of Donald Trump is now decaying in the D.C. swamp. If the Fed continues to ignore this slow growth and deflationary signal from the bond market and continues along its current rate hiking path, the yield curve will invert by the end of this year and an equity market plunge and a recession is sure to follow. An inverted yield curve, which...Read More
This post is a rehash of something I wrote at TSI last September in response to the article titled "The Gold Standard and Debt Jubilee". The article is a confused jumble of Marxist, biblical and capitalist ideas/assertions, but its gist is that we need both a debt jubilee and a gold standard. My views are that a gold standard is not a worthwhile objective and that a debt jubilee would be both an e...Read More
Dow Jones Industrial Average (DJIA) futures are signaling a lower start, as caution sets in ahead of some market-moving events slated for later in the week. Oil futures remain in focus today, with the July-dated crude contract down 0.4% at $47.21 per barrel amid ongoing tensions in the Middle East. But as Wall Street's appetite for riskier assets cools, gold is poised to benefit from its safe-ha...Read More
- Deposit bail in risk as stocks and bonds of Spanish bank - Banco Popular - crash- Banco Popular stock crashes most on record - down 63% this year to 34 euro cents- Spanish bank tells employees - "Don't panic"- Risk of Spanish banking crisis as Banco Popular credit curve inverts- Banco Popular needs to find at least ?,?4 billion more capital - analysts- Deposits over ?,?100,000 (euro) vulnera...Read More
Please Note: There will not be any Gold Seeker reports for the next week or two. CloseGain/LossGold $1293.80+$14.20Silver$17.69+$0.12XAU87.39+5.13%HUI204.55+6.07%GDM661.77+4.62%JSE Gold1410.81+91.44USD96.54-0.27Euro112.79+0.21Yen91.37+0.87Oil$48.19+$0.7910-Year2.143%-0.037T-Bond156.375+0.71875Dow21136.23-0.23%Nasdaq6275.06-0.33%S&P2429.33-0.28% The Metals: Gold climbed higher throughout m...Read More
By Bill Holter As an addendum to yesterday's subscriber article, the topic of "time and sales" needs to be discussed. "Time and sales" is a very simple report that can be requested by literally anyone in any market. For example, when I was a young broker I had a large client who traded a minimum 10,000 shares at a clip. From time to time he would request a time and sales report to make s...Read More
Graceland Updates By Stewart Thomson 1. Gold is the world's ultimate asset, and another spectacular week is underway for investors. While May was mostly sideways (and lower for many gold stocks), it's starting to look like the month of June could be a serious "barnburner".2. Please click here now. Double-click to enlarge this daily bars gold chart.3. Gold tends to stage a de...Read More
By Clint SiegnerSeveral U.S. states and the federal government are hopelessly insolvent. It's something many bullion investors have known for years.The real question is when this reality will pierce the mainstream illusion that deficits, and the crushing pile of debt which accompany them, don't matter. That moment drew closer last week when ratings agencies downgraded Illinois state bonds to one...Read More
This post is a rehash of something I wrote at TSI last September in response to the article titled "The Gold Standard and Debt Jubilee". The article is a confused jumble of Marxist, biblical and capitalist ideas/assertions, but its gist is that we need both a debt jubilee and a gold standard. My views are that a gold standard is not a worthwhile objective and that a debt jubilee would be both an...Read More
By Frank HolmesSurprising no one, President Donald Trump announced his decision to withdraw the U.S. from the Paris climate agreement last week, highlighting the depth of his commitment to keep "America First." Also surprising no one, the media is making much of the fact that the U.S. now joins only Nicaragua and Syria in refusing to participate in the accord.Trump was under intense pressure fro...Read More
By Steve St. Angelo, SRSrocco ReportWell, it looks like the Wild West in Crypto-currency Land just got a lot more Wild. The Crypto-currency, CloakCoin, mentioned by Clif High during his interview with Greg Hunter on USAWatchDog shot up a stunning 300% in two days. Before Clif's interview was published, CloakCoin was trading a for a little more than a buck... $1.029. However, today, its tra...Read More
It's time to raise our sights, since AAPL has blown out of a consolidation pattern that took more than two weeks to create. My new rally target is 162.09, a Hidden Pivot resistance that will become an odds-on bet once AAPL has surpassed the midpoint pivot at 155.90 by perhaps $1.50 or closed above it for two consecutive days. This looks like such an easy romp that it's difficult to imagine the r...Read More
Gold Today -New York closed at $1,279.60 yesterday after closing at $1,278.20 Friday. London opened at $1,289.50 today. Overall the dollar was weaker against global currencies, early today. Before London's opening: - The $: EUR was slightly stronger at $1.1246 after yesterday's $1.1264: EUR1.- The Dollar index was slightly weaker at 96.73 after yeste...Read More
- Deposit bail in risk as stocks and bonds of Spanish bank - Banco Popular - crash- Banco Popular stock crashes most on record - down 63% this year to 34 euro cents- Spanish bank tells employees - "Don't panic"- Risk of Spanish banking crisis as Banco Popular credit curve inverts- Banco Popular needs to find at least EUR4 billion more capital - analysts- Deposits over EUR100,000 (euro) vulnerabl...Read More
Full Article: Is $1,300 Gold a Viable Target?By: Peter HugMetals spiked to the target we suggested a mere five trading days ago and gold sits at a crucial pivot of $1,278, which if breached on a close basis suggests $1,300 is a viable next target. Since the "crash" three weeks ago, which saw gold test $1,210 and silver flirt with the low $16's, retail investors have been overall net sellers into...Read More
Full Article: India To Hit Gold Market With 3% Tax On July 1By: Anna GolubovaIndia will be rolling out a new 3% nationwide sales tax on gold and gold jewelry as soon as July 1, this according to the country's GST Council, which met during the weekend to finalize the numbers."We finally reached a consensus of taxing gold at 3 percent," Finance Minister Arun Jaitley told media outlets in New Delhi...Read More
Jun 07, 2017 Guest(s): Gary Wagner The gold market saw additional selling pressure in late-afternoon trading Wednesday, following the early release of former FBI director James Comey's testimony scheduled for Thursday. However, to technical analyst Gary Wagner, this knee-jerk reaction is a necessary correction in gold's overall rally. We might go into period of consolidation but overall I am bu...Read More