Currency is being created 'on scale never seen before in the history of mankind'Mark O'Byrne, research director at GoldCore.com told IG TV that markets are likely in a long-term bull market for gold and silver and a bear market for equities as the pandemic weighs on the global economy and creates a recession or an economic depression.Gold has made significant gains this year, with investors floc...Read More
Our researchers have been following Natural Gas for many months and believe the current price level, near $1.65, is acting as a continued historical support level (a floor in price). Our researchers also used one of our data mining tools to attempt to identify if any opportunity exists in NG over the next 30 to 60+ days for skilled traders. The purpose of this data mining tool is to ex...Read More
London Bullion Market Association (LBMA) officials have loudlyproclaimed there are plenty of gold bars in LBMA and COMEX vaults tomeet surging demand from buyers. Unfortunately for them, confidence is particularly fragile thesedays and cracks are starting to appear. Which is why anxious officials there issued not one, but twomemos last week in an attempt to reassure traders.It&rsquo...Read More
The yellow metal and its fiat nemesis. Gold and thedollar certainly move not in a random relation to each other. The strength anddirection of one taking the cue from the other changes over time, but what doesit tell us about the present moment?The key point with regard to the US currency is that it appears to have alreadyended its pullback and is now ready to soar well above its previous 2020 high...Read More
Our researchers have been following Natural Gas for many months and believe the current price level, near $1.65, is acting as a continued historical support level (a floor in price). Our researchers also used one of our data mining tools to attempt to identify if any opportunity exists in NG over the next 30 to 60+ days for skilled traders. The purpose of this data mining tool is to ex...Read More
London Bullion Market Association (LBMA) officials have loudlyproclaimed there are plenty of gold bars in LBMA and COMEX vaults tomeet surging demand from buyers. Unfortunately for them, confidence is particularly fragile thesedays and cracks are starting to appear. Which is why anxious officials there issued not one, but twomemos last week in an attempt to reassure traders.It&rsquo...Read More
The yellow metal and its fiat nemesis. Gold and thedollar certainly move not in a random relation to each other. The strength anddirection of one taking the cue from the other changes over time, but what doesit tell us about the present moment?The key point with regard to the US currency is that it appears to have alreadyended its pullback and is now ready to soar well above its previous 2020 high...Read More
Our researchers have been following Natural Gas for many months and believe the current price level, near $1.65, is acting as a continued historical support level (a floor in price). Our researchers also used one of our data mining tools to attempt to identify if any opportunity exists in NG over the next 30 to 60+ days for skilled traders. The purpose of this data mining tool is to ex...Read More
London Bullion Market Association (LBMA) officials have loudlyproclaimed there are plenty of gold bars in LBMA and COMEX vaults tomeet surging demand from buyers. Unfortunately for them, confidence is particularly fragile thesedays and cracks are starting to appear. Which is why anxious officials there issued not one, but twomemos last week in an attempt to reassure traders.It&rsquo...Read More
The yellow metal and its fiat nemesis. Gold and thedollar certainly move not in a random relation to each other. The strength anddirection of one taking the cue from the other changes over time, but what doesit tell us about the present moment?The key point with regard to the US currency is that it appears to have alreadyended its pullback and is now ready to soar well above its previous 2020 high...Read More
By: Gary SavageHuman beings have herd mentalities and that is why we have had these bubbles. When sentiment shifts and politicians react without thought of consequences, it gets the ball rolling and..https://blog.smartmoneytrackerpremium.com/Read More
By: Ira EpsteinThinner markets coming up with Easter Holidays, beware. I think there is new buying in metals as governments around the world, with their helicopter money and more, it debases currencies and drives gold bulls:Read More
The Dow finished the day modestly in the redThe Dow inched its way into the red within the last half-hour of trading,paring earlier gains triggered by an upbeat coronavirus outlook and a surge in cruise stocks. "We are seeing progress, but the virus is not under control yet," said Adam Phillips, director of portfolio strategy at EP Wealth Advisors. Also in focus is the potential of a Phase 4 relie...Read More
T announced at $5.5 billion term-loan agreement todayAT&T Inc. (NYSE:T) announced this morning a $5.5 billion term-loan agreement to give themselves "financial flexibility" during the global pandemic, and reaffirmed its commitment to pay a dividend. In response, the shares of the mobile are up 4% at $30.62 in afternoon trading. It's been a slippery slope downward for AT&T during the past few m...Read More
EU antitrust regulators appear to be building their case against Facebook Social media giant Facebook Inc. (NASDAQ:FB) is up 2.1% at $169.14 at last check, despite a report from Reuters that the European Union (EU) antitrust regulators sent out follow-up questionnaire to companies focusing on Facebook's Marketplace. The document touched on ways the platform's online marketplace is unfairly benefit...Read More
The S&P 500 and Nasdaq hit four-week highs earlierThe Dow Jones Industrial Average (DJI) is building off of yesterday's rally, now up over 600 points at midday and heading toward back-to-back wins. The Nasdaq Composite (IXIC) and S&P 500 Index (SPX) are following suit, with all three benchmarks hitting four-week intraday highs amida possible global slowdown of the coronavirus outbreak. Howe...Read More
Microsoft devices have seen an uptick in use amid "stay at home" ordersBlue chip and household technology name Microsoft Corporation (NASDAQ:MSFT) has succumbed to nearly every hill of the stock market roller-coaster that has become 2020. In late February, the company warned investors that it expected its Windows units to miss their third-quarter guidance due to the coronavirus outbreak. The resul...Read More
Raymond James downgraded Shopify to "market perform" from "outperform" Shopify Inc (NYSE: SHOP) is down 2.5% to trade at $380.36 this morning, succumbing to a downgrade from Raymond James to "market perform" from "outperform." This comes just one day after D.A. Davidson cut its price target to $500 from $675. The latter did maintain its "buy" rating, calling SHOP "one of the most attractive long-t...Read More
AZO puts have been popularAutoZone, Inc (NYSE: AZO) announced a series of precautions it will take in response to COVID-19. One of those precautions included adding additional time off for eligible employees, with 80 hours for full-time employees and 40 hours for part-time. Additionally, AutoZone has also reduced most stores' hours, increased cleaning and disinfecting, and now offers curbside pic...Read More
There are rumors a Phase 4 stimulus package is on the way next month Dow Jones Industrial Average (DJI) futures look ready to build off yesterday's resounding rally, up more than 700 points above fair value this morning.Futures on the Nasdaq-100 Index (NDX) and S&P 500 Index (SPX) are also soaring, as more signs point to a possible global slowdown of the coronavirus pandemic. New COVID-19 case...Read More