Investors weighed a mixed bag of jobs data The U.S. faced a tumultuous week as the country quickly turned its attention from U.S.-China relations to civil unrest, as protests against police brutality began in all fifty states following the death of George Floyd. The Dow Jones Industrial Average (DJI), the S&P 500 (SPX), and the Nasdaq Composite (IXIC) are all working toward a third straight w...Read More
Stitch Fix's fiscal third-quarter earnings are due out on MondayThe shares of online style service Stitch Fix Inc. (NASDAQ:SFIX) are up 1.4% at $25.50, ahead of the company's fiscal third-quarter earnings report, which is due out after the close on Monday, June 8. SFIX is pacing for a five-day win streak, though pressure at its year-to-date breakeven level is keeping this rally in check.More broad...Read More
AstraZeneca saw a rise in capacity for its COVID-19 vaccine candidateThe shares of AstraZeneca plc (NYSE:AZN) are up 0.2% at $53.99 this afternoon, amid news that the pharmaceutical company signed new agreements that will raise the global supply capacity for its COVID-19 vaccine candidate to more than 2 billion doses. A phase 2/3 trial of the drug has already began with around 10,000 volunteers,...Read More
The Dow and S&P 500 are both eyeing their biggest weekly wins since early AprilThis morning's uplifting jobs report is putting even more wind at Wall Street's back at midday. The Dow JonesIndustrial Average (DJI) is up nearly 1,000 points at last check, on track for a fifth straight win and biggest weekly win since early April. The S&P500 Index (SPX) and Nasdaq Composite (IXIC) are climbing...Read More
Gap reported a quarterly loss of nearly $1 billion after Coronavirus-related store closuresThe shares of Gap Inc. (NYSE: GPS) are trading on both sides of the aisle today, last seen at $12.14, after the retail company reported a steeper-than-expected first-quarter loss as well as revenue that came in lower-than-anticipated. The company's quarterly loss of nearly $1 billion is due to stores closi...Read More
Ciena reported an earnings and revenue beat yesterday morning and analysts are optimisticThe shares of Ciena Group (NYSE:CIEN) are up 1.7% at $54.79 at last check, following a fresh round of bull notes one day after the company's second-quarter earnings. The communications and networking name has seen no fewer than three price-target hikes this morning, the highest coming from Cowen to $73 from $6...Read More
DocuSign's (DOCU) first-quarter profits and revenue were better than Wall Street anticipatedThe shares of DocuSign Inc (NASDAQ:DOCU) are up 1% to trade at $141.52, after reporting positive results in the earnings confessional yesterday evening. The company reported fiscal first-quarter profits of 12 cents on revenue of $297.02 billion, both of which were higher than analysts' estimates. .In resp...Read More
Zumiez reported first-quarter losses and revenue that missed analysts' estimatesThe shares of Zumiez Inc (NASDAQ:ZUMZ) are off 4.1% to trade at $28 this morning, following the apparel retailer's first-quarter report. Zumiez posted losses of 84 cents per share and $137.77 million in revenue, missing analysts' estimates. The firm declined to provide a current-quarter forecast at this time, but added...Read More
The U.S. also surprisingly added jobs last monthFutures on the Dow Jones Industrial Average (DJI) are up nearly 600 points above fair value this morning, soaring after the U.S. Labor Department's May unemployment rate came in at 13.3%, much better than the anticipated 19.5% estimate.The report also showed that 2.5 million jobs were added last month, a surprise figure considering the expected loss...Read More
Renown investor and world traveler Jim Rogers joins David Gornoski to discuss pandemic politics, lockdowns, the future of Asia, America's debt crisis, and lessons from world travel.*This interview was recorded on 5/28/20Jim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund to a 4200% return before "retiring" at age 37. He is considered to be one of the greates...Read More
An in-depth discussion with legend James Grant. Topics include his recent book on Walter Bagehot and the long history of monetary policy. The last twenty minutes are highly relevant to the current atmosphere, as we discuss the political implications of recent aggressive monetary policy action.*This interview was recorded on 5/30/20James "Jim" Grant is an American writer and publisher and the found...Read More
Bob Moriarty ArchivesJun 5, 2020Part of the reason might be that their silver projects in Mexico used to be owned by Mag Silver until two years ago. Mag spun off a number of their great silver projects that they just didn’t have the bandwidth to move forward into a private company named Reyna Silver.Reyna is just finishing up a reverse takeover and will be trading publicly in the next week o...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 272,19653,16237,007108,654365,277417,857455,446 Change from Prior Reporting Period -15,9522,928-2,944-23,323-41,022-42,219-41,038 Traders 20260715556284161 Small Speculators LongShortOpen Interest 57,88820,299475,745 -1,410-2,591-43,629 non reportable pos...Read More
"Well, now that we have seen each other," said the unicorn, "if you'll believe in me, I'll believe in you." - Lewis Carroll, "Through The Looking Glass""The greatest trick the devil ever pulled was convincing the world he didn't exist." - Keyser S?ze, "The Usual Suspects"By: Dave KranzlerThe employment report is a complete fraud. But as long as the market and it's army of mainstream story-tell...Read More
By: Ira EpsteinGold is in a correction, but strong supports in the $1,600's:Read More
DOWNSIDE POSSIBILITIES FOR GOLD PRICEThere is a correlation of gold’s increasing price relative to the declining value of the US dollar. The chart (source for all charts) below shows this inverse relationship clearly… Over time, as the US dollar continues to lose value, the price of gold continues to increase. Seemingly, it would be worthwhile to just buy gold and wait for the i...Read More
The precious metals sector was likely to decline,and it did exactly that. And based on what we just saw, it’s likely to declineeven more.Once again, the situation yesterday and so fartoday developed quite in tune with what we wroteyesterday, so today’s analysis will take form of a broad update.Let’s take a look at the GLD ETF. In yesterday’s and Monday’s analyses, wed...Read More
The most important measure for an economy, its recoveryor advancement is employment - that is, the availability of good-paying jobs. When citizens have jobs, they earn an income withwhich they can pay for their needs, and pay taxes to the government for itsneeds. So jobs and income, are the keydeterminants of a healthy, modern consumer-driven economy. Over the last several decade...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 272,19653,16237,007108,654365,277417,857455,446 Change from Prior Reporting Period -15,9522,928-2,944-23,323-41,022-42,219-41,038 Traders 20260715556284161 Small Speculators LongShortOpen Interest 57,88820,299475,745 -1,410-2,591-43,629 non reportable pos...Read More