There are two things which we all need to focus w.r.t to corona virus:Positive: China could be corona "virus free" in the next two weeks to four weeks. This will be very bullish for crude oil demand and industrial metal demand.Negative: One needs to closely watch the corona virus spreads in India, Pakistan, Bangladesh and Indonesia. These are world's most densely populated zone with inadequate m...Read More
Gold logged its biggest percentage gain since May 2009Stocks began the week deep in the red, as political gridlock drags down Wall Street. Despite the Federal Reserve deploying aggressive new measures to aid markets against the COVID-19 outbreak, the Dow dropped over 800 points at its session lows as the Senate failed twice to negotiate the terms of a massive stimulus package. The S&P 500 and Nas...Read More
Nike is expected to reveal its fiscal third-quarter report after the close tomorrowWhen we last checked in with Nike Inc (NYSE:NKE), the blue chip retailer was just beginning to feel the pinch of coronavirus-induced headwinds. Seven weeks later, Nike stock is nursing a nasty 37.3% loss year-to-date. What's more, the swoosh logo steps into the earnings confessional for its fiscal third-quarter re...Read More
Netflix calls have been outnumbering puts as the streaming stock makes a swift recovery The20 stocks listed in the table below have attracted the highest weekly options volume during the past 10 trading days, with data courtesy of Schaeffer's Senior Quantitative Analyst Rocky White.One stock in particular getting plenty of attention from options players (and analysts) is Netflix Inc (NASDAQ:NFLX),...Read More
ZTO Express just pulled back to a historically bullish trendline after a price target cut from JefferiesChina-based shipping specialist ZTO Express (Cayman) Inc (NYSE:ZTO) is getting hit today after Jefferies cut its price target to $27.10 from $29.20. In response, ZTO is down 1.8% at $24.25. And while the shares continue to wallow beneath newfound pressure at their 20-day moving average, ZTO just...Read More
Major indexes in the red as congress decides on an agreementAfter making an attempted rebound following a "limit down" this morning, rising after the Federal Reserve announced new measures to help markets against the COVID-19, the Dow Jones Industrial Average (DJI) is down over 700 points as investors wait for Congress to agree on a stimulus bill, and earlier hit a fresh three-year low. The S&...Read More
Goldman Sachs upgraded Boeing to "buy" from "neutral"Perpetually struggling Boeing Co (NYSE:BA) is getting some respite this morning, up 4.3% at $99.12 after Goldman Sachs upgraded the aerospace specialist to "buy" from "neutral." The analyst said traders can get BA shares for a steal right now, seeing as the stock is down 80% from its 2019 highs, and predicts a strong resurgence in air travel onc...Read More
Cowen and Company lowered AT&T to "marketperform"AT&T Inc. (NYSE:T) is down 4.1% to trade at $28.45 at last check. The telecommunications name was downgraded at Cowen and Company to "market perform" from "outperform," and recieved a price-target cut to $37 from $43. The brokerage believes AT&T complex programs such as WarnerMedia will create uncertainty in comparison to rival Verizon (VZ).T has se...Read More
Apple canceled plans that would limit iPhone purchases to two per customerWhile its brick-and-mortar stores outside of China will remain closed, Apple Inc (NASDAQ:AAPL) announced it is no longer limiting customers to two devices on online iPhone purchases. This announcement comes just a few days after the tech giant instituted the limit. Also weighing on the shares is a price-target cut from Insti...Read More
The Fed's measures to get the U.S. economy back on track are giving stock futures a big boost After swimming deep in the red this morning and earlier hitting a "limit down," Dow Jones Industrial Average (DJI) futures are getting a big boost after the Federal Reserve said it would be implementing new measures to combat the COVID-19 shakeup ravaging the U.S. economy. This includes an open-ended a...Read More
Join Mike Maloney & Chris Martenson in this two-part discussion as they discuss the 'financial armageddon' taking place in markets, along with information on how they are investing and protecting themselves financially during this crisis.Part 1 (part 2 below)Part 2Christopher Martenson is a former American biochemical scientist. Currently he is a writer and trend forecaster interested in macro tre...Read More
"Working with the Federal Reserve - we'll have up to $4 trillion of liquidity that we can use to support the economy," Mnuchin told Fox News on Sunday.Continue...Read More
Massie explains that the entire population is being conditioned "to embrace a paternalistic government that can give or take any right away from you depending on if there is a crisis or not."Continue...Read More
Precious metals advocates have been warning for years that the time to load up on a safe haven asset is before it's needed, because by the time it is obviously needed it won't be available. That seemed a Continue...Read More
"What is happening right now is every single government is printing more and more money. You have one rescue package after another, and that's just the beginning. So, now, central banks are your best friend if you want to own precious metals because they are going to do everything they can to debase the currency."Egon von Greyerz is founder and Managing Partner of Matterhorn Asset Management AG &...Read More
I have never in my long career ever witnessed such absurdity as this man has created. Yes, it is true if we all stayed at home we can beat the common cold. For this guy to only look at his field and say that Continue...Read More
"This is not a short term situation," he said. "This is not a long weekend. This is not a week. The timeline, no one can tell you. It depends on how we handle it.Continue...Read More
Senator Rand Paul has tested positive for COVID-19. He is feeling fine and is in quarantine. He is asymptomatic and was tested out of an abundance of caution due to his extensive travel and events. He was not aware of any direct contact with any infected person.Continue...Read More
German Chancellor Angela Merkel has gone into quarantine after being in close proximity to a doctor who tested positive for the Chinese coronavirus.Continue...Read More
0:50 - Silver and liquidity.2:10 - Physical supply and paper markets.6:00 - Silver Ratio to Gold.8:20 - Industrial demand outlook.10:15 - Risks when storing bullion.16:00 - Crisis and precious metals.26:15 - Life in Singapore.33:30 - Expect crisis to last one year. Gregor discusses the silver market and how we see the same pattern that happened back in 2008, 2011, and 2013. The markets are crashin...Read More