The pendulum has swung so far in the direction of centralization, oligarchy and authoritarianism that the whole thing is breaking down down under its own weight. Those in charge are doing everythingContinue...Read More
The metals markets are being pulled in multiple directionssimultaneously like never before. The global virus-triggered economic freezehas caused industrial demand for all commodities to crater. At the same time, mining output is also crashing as virus fearsforce many mines around the world to suspend operations.What is the “right” equilibrium price for copper, silver, go...Read More
The next step, 3D modeling, is underway to define priority drill targets at Group Ten Metal's Montana project. Group Ten Metals Inc. (PGE:TSX.V; PGEZF:OTCQB; 5D32:FSE) announced in a news release that 2019 exploration results showed wide, continuous mineralization starting from surface at the Chrome Mountain target at its Stillwater West project in Montana.The metals identified, which the Canadia...Read More
One of the many bothering issues about the coronavirus crisis, is whether it will turn out to be inflationary or deflationary. What do both of these scenarios mean for gold ahead?US Inflation Rate Declines in MarchMany people are afraid that the coronavirus crisis will spur inflation. After all, the increased demand for food and hygiene products raised the prices of these goods. Moreover, the supp...Read More
One of the many bothering issues about the coronavirus crisis, is whether it will turn out to be inflationary or deflationary. What do both of these scenarios mean for gold ahead?US Inflation Rate Declines in MarchMany people are afraid that the coronavirus crisis will spur inflation. After all, the increased demand for food and hygiene products raised the prices of these goods. Moreover, the supp...Read More
One of the many bothering issues about the coronavirus crisis, is whether it will turn out to be inflationary or deflationary. What do both of these scenarios mean for gold ahead?US Inflation Rate Declines in MarchMany people are afraid that the coronavirus crisis will spur inflation. After all, the increased demand for food and hygiene products raised the prices of these goods. Moreover, the supp...Read More
One of the many bothering issues about the coronavirus crisis, is whether it will turn out to be inflationary or deflationary. What do both of these scenarios mean for gold ahead?US Inflation Rate Declines in MarchMany people are afraid that the coronavirus crisis will spur inflation. After all, the increased demand for food and hygiene products raised the prices of these goods. Moreover, the supp...Read More
Adam HamiltonArchivesApr 17, 2020 Silver is blasting higher after mid-March's stock-panic-spawned near-crash. This normal oversold mean reversion looks like the start of something much bigger though. Speculators' positioning in silver futures utterly collapsed, leaving massive room for them to buy back in. And silver investment buying since the recent lows has been strong and relentless. All this...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort286,61734,11633,338116,839397,247436,794464,701Change from Prior Reporting Period 6,7373,1783,517-2,0462,7518,2089,446Traders19566684954275160 Small Speculators (C) GoldSeek.com LongShortOpen Interest 53,17125,264489,965 1,7074699,915 non reportable positionsChange from the pr...Read More
By: Ira EpsteinGold will react to Trump's new conference (just after this recording). Re-opening will be different, varying over the nation and economy. Health care near year's highs.Gold's short-term giving up gains. Swing-line down, bull's don't want to see..Read More
Focus is on how the world will move once the various nations open up. Gold and silver will break free from the recent range trade and form a new range. No need to worry. I will prefer till next week and then make decide on whether to make a new investment in gold or wait. In the short term selected stocks will give a much better return than gold. Silver should outperform gold as prices moves sho...Read More
Oil futures remained at their lowest since 2002The Dow extended its midday rally to end both the day and week higher thanks to a life out of Boeing (BA). However, it did pare earlier gains due to underperforming Apple (AAPL) and Amazon.com (AMZN). The Nasdaq and S&P 500 also ended the day and week in the black, boosted by optimism over Gilead Sciences' (GILD) potential coronavirus treatment. Loo...Read More
Boeing announced it will resume production next weekAmid the COVID-19 pandemic, it's an understatement to say the airline sector is taking a massive hit. The order book of jet makers and their deliveries has been impacted immensely, with Boeing Co (NYSE:BA) suffering a reported 313 cancellations mixed between contract terminations and future cancellations. Despite this, the aerospace giant plans...Read More
IBM is seeing resistance at the descending 40-day moving averageShares of blue-chip IBM (NYSE:IBM) are up 2.8% this afternoon, last seen at $118.89. The equity has been inching its way higher from its March 23, 11-year low of $90.56, and is now up 7% for the month of April. Today's gains has the tech name attempting yet another rebound close back above the 40-day moving average, a feat made just t...Read More
Moderna received millions in funding for coronavirus vaccineGilead Sciences (GILD) isn't the only one making headlines today in regards to COVID-19. Shares of Moderna Inc (NASDAQ:MRNA) are soaring, after the company received a $483 million from the Biomedical Advanced Research and Development Authority (BARDA) to accelerate the development of its coronavirus vaccine. Following the news, Piper Sand...Read More
All three indexes are on track for their first back-to-back weekly gains in over a monthDespite paring bigger gains, the Dow Jones Industrial Average (DJI) looks like it will end the week on a positive note, up nearly 400 points at midday. The Nasdaq Composite (IXIC) and S&P 500 Index (SPX) are both joining the Dow in the black, as optimism over a possible COVID-19 treatment eases Wall Stre...Read More
Oil plunged to an 18-year lowWall Street was all over the place this week, in a volatile stretch indicative of where the world is at right now. The Dow kicked off the week alternating between triple-digit losses and gains. The only model of consistency was the Nasdaq, earlier in the week logging its first four-day win streak since early February. Commodities joined in on the roller-coasted action...Read More
A report was released that Gilead Sciences' COVID-19 treatment is workingShares of Gilead Sciences, Inc. (NASDAQ:GILD) are surging, last seen up 10.6%, at $84.66, after an encouraging report suggested the biotech company's antiviral medication remdesivir may be effective at treating patients with severe cases of COVID-19. Conversely, there is some pessimism surrounding these findings, with Baird i...Read More
RF reported earnings below Wall Street's estimatesRegions Financial Corp (NYSE:RF) shares are shaking off a less-than-stellar first-quarter earnings report, up 5.8% to trade at $9.37, at last check. The company reported adjusted first-quarter earnings of 14 cents per share on $1.41 billion in revenue, lower than analysts' anticipated 23 cents per share and $1.46 billion. On the charts, Regions Fin...Read More
Oil prices are the only grim mover todayAfter yesterday's roller-coaster session, Dow Jones Industrial Average (DJI) futures are poised for one last surge higher this week. There's optimism on Wall Street afterGilead Sciences' (GILD) remdesivir -- an experimental treatment for coronavirus -- is reportedly making progress, lending hope that businesses can begin to ramp up activity quicker-than-exp...Read More