There is an old saying in Hindi "Jab tak hai sona roona kaabhi nahi roona". This is means that if you and your family own lots and lots physical gold (sona), they will never face any financial hardship in life. Forget the dash for cash. It is now the dash for physical gold. It is the dash for physical silver. You cannot buy gold. You can buy physical silver. Indians can buy silver July futures....Read More
PRIVATE BLOG - Gold for the BenchmarkPrivate blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com.https://ask-socrates.com/Read More
Online gambling isalready a huge market and if predictions are anything to go by, it’s only goingto get bigger. In 2017, roughly $45.8 billion was spent by people gambling atonline casinos, sportsbooks and other sites. By 2024, that figure is expectedto rise to a staggering $94.4 billion. There are several key reasons as to whythe market is projected to experience so much growth over the nex...Read More
LONDON, 26 March 2020 - Widening anti-virus lockdowns are blocking gold's usually smooth flow from London to the United States, reports leading US finance news-site MarketWatch today, quoting Adrian Ash, director of research at BullionVault."London is the heart of global precious metals trading," he says, but "those stockpiles can't reach other global trading centers so easily. Monday's UK lockdow...Read More
LONDON, 26 March 2020 - BullionVault is named today as the world's largest provider of physical gold and silver ownership to private individuals by Investors Chronicle, the UK's longest-running personal finance magazine.Looking at the stock price of Augmentum - the fintech investment fund which owns a stake in BullionVault's parent company Galmarley Limited - BullionVault "offers private investors...Read More
In recent days the Fed has made it plain that it is prepared TO BUY ANYTHING AND EVERYTHING to prevent imminent total collapse, and you don't have to join many dots to see that this will extend to BUYING STOCKS, and it's not that hard for them - all they have to do is enter a few keystrokes, add a few 0s and it's sorted - and as Gregory Mammarino repeatedly points out, the more debt they iss...Read More
Why is there such a huge gap between spot price and future price in gold/silver?1. Mines are closed or closing. There will be no new supplies.2. Global lockdown is preventing physical gold and silver to be transferred from one nation to another. 3. Lack of alternate safe investment avenue and availability of free money to fund managers and large corporates has resulted in shor...Read More
Oil logged its third straight winThe Dow capitalized on yesterday's historic gain with another win today, its first set of back-to-back wins since Feb. 6. The blue-chip index climbed over 1,100 points at its session highs, thanks in part to big days from both Boeing (BA) and Nike (NKE). However, the Dow came off its highs in last-minute trading, amid a possible impasse with the stimulus bill betw...Read More
The SPX is still up 11.5% a year annualized off its 2009 bottomIt's been an absolute bloodbath on Wall Street the last two months, there's no sugarcoating it. How bad is it, actually? Well, after Monday's historic drop, it was the sixth largest pullback for the S&P 500 Index (SPX) going back to 1928, according to Schaeffer's Senior Quantitative Analyst Rocky White. However, stocks have made a bit...Read More
Morgan Stanley upgraded from "equal-weight" to "overweight"Virgin Galactic Holdings Inc (NYSE:SPCE) is up 6.9% to trade at $17.45 at last check. The aerospace company was upgraded to "overweight" from "equal-weight" by Morgan Stanley, who believes the company has a healthy enough cash position to navigate the near-term discord. However, Morgan Stanley also cut its price target to $24 from $30 due...Read More
KeyBanc upgraded KB Home to "overweight" from "sector weight"Homebuilding concern KB Home (NYSE:KBH) is enjoying an impressive day of gains, up 22.2% at $19.08 this afternoon following an upgrade to "overweight" from "sector weight" from KeyBanc. The analyst maintained its $25 price target. KeyBanc's bull note comes right ahead of KBH's first-quarter earnings report, which is due out after the clo...Read More
Stocks are rallying midday on the back of the $2 trillion emergency stimulus bill passed late last night Falling back earlier following this morning's modest rally, the Dow Jones Industrial Average (DJI) is now seeing a resurgence, up over 800 points midday thanks to boosts from Boeing (BA) and Nike (NKE), the latter surging on an earnings beat. The S&P 500 Index (SPX) and Nasdaq Composite (IXI...Read More
Target decided to withdraw its first-quarter and full year forecast Target Corp (NYSE:TGT) CEO Brian Cornell announced the company will be withdrawing its guidance for the first quarter and fiscal year due to the economic impact caused by the coronavirus pandemic. The big-box retailer also delayed plans to remodel hundreds of stores to instead focus on providing food, medicine and other essential...Read More
Pelaton's top investor Wellington Management sold $100 million worth of sharesPeloton Interactive Inc (NASDAQ:PTON) is down 0.8% to trade at $24.36 at last check, despite "stay at home" stocks rising amid the global pandemic as fitness clubs close. Weighing on the shares today are SEC filings that show Pelaton's top investor Wellington Management sold 4 million shares at varying prices worth abou...Read More
Piper Sandler upgraded HSY to "overweight" from "underweight" Hershey Co (NYSE:HSY) is getting a boost this morning, up 3.4% at $4.08 after Piper Sandler upgraded the packaged foods producer to "overweight" from "underweight," and hiked its price target to $138 from $134 -- a 13% premium to last night's close. The analyst said Hershey will likely benefit from the heavy amount of retail traffic and...Read More
Put options have been popular on the FAANG nameMost Americans are stuck inside with nothing to do, so social media and internet use has ballooned. All these extra eyeballs means increased traffic for social media powerhouse Facebook, Inc. (NASDAQ:FB), which said its platform use has spiked since the virus outbreak triggered quarantines across the country. However, Facebook also noted that its ad...Read More
A U.S. emergency stimulus package was reached late last nightDow Jones Industrial Average (DJI) futures are eyeing modest gains this morning following last night's wild surge, with all eyes onthe $2 trillion stimulus package negotiations that were finally agreed upon late last night. Republican Senate Majority Leader Mitch McConnell called the stimulus package "a war time level of investment in o...Read More
A look at how the COVID-19 stock market crash is affecting stocks' historical volatility What else is there to talk about but the huge swings in the stock market lately? As with most other stats I've written on recently, what we're seeing is nearly unprecedented. The 21-day historical volatility (HV) on the S&P 500 Index (SPX) is at 87%. The only two times in history where this was surpassed were...Read More
Nomi Prins discusses the coronavirus crisis in the United States.Nomi Prins is an American author, journalist, and Senior Fellow at Demos. She has worked as a managing director at Goldman-Sachs and as a Senior Managing Director at Bear Stearns, as well as having worked as a senior strategist at Lehman Brothers and analyst at the Chase Manhattan Bank. Prins is known for her books All the Presidents...Read More
Dr. Marc Faber discusses the coronavirus pandemic and its devastating impact on the global economy.Dr. Marc Faber was born in Zurich, Switzerland and obtained a PhD in Economics at the University of Zurich. Between 1970 and 1978, Dr. Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (H...Read More