RambusI promised you on Friday that I would take an in-depth look at the energy complex in the Weekend Report. If there is one sector to define the possible deflationary event we've been discussing for the last several months or so oil is probably the most important commodity of all. Eventually we'll know the cause in no uncertain terms, but the charts have been suggesting for a long time now th...Read More
It was oil's worst single-session drop since 1991The Dow cratered today by more than 2,000 points, as Wall Street continues to slog through one of the worst stock market crashes in history. The blue-chip index just turned in its worst day since October 2008 as plummeting oil prices and coronavirus concerns form a perfect storm of investor panic. The S&P 500 and Nasdaq also were walloped and turned...Read More
Grubhub was raised to "perform" from "underperform"Food delivery service GrubHub Inc (NYSE:GRUB) is down 7.1% to trade at $48.21 today. As food delivery stocks are appealing amidst a global pandemic, GRUB was upgraded to "perform" from "underperform" by Oppenheimer today. However, while it might have lessened the blow, it doesn't seem to be enough to push the equity out of the surrounding broad-ma...Read More
The Australian privacy regulator just accused Facebook of sharing the personal detailsover 300,000 users without their knowledge Twitter isn't the only social media name in focus today, with investors turning their attention toward Facebook, Inc. (NASDAQ:FB) following reports that the Australian privacy regulator just sued the tech giant over allegations that it shared personal details of over 300...Read More
Costco is taking extra precautions with its free samples to protect customers from the coronavirus outbreak. The coronavirus outbreak is confirmed to have spread to at least 25 states, and as a result customers of Costco Wholesale Corporation (NYSE:COST) will have to say good-bye to free samples for the time being. Costco, last seen trading down 2.4% at $303.78, made the decision after competitor...Read More
XOM, CVX, and COG options volume is ramped up todayIf the coronavirus outbreak was the match, then OPEC-fueled price war is the kerosene soaked rag that sparked today's stock market crash. As oil prices plummet and send the world economies into disarray, energy stocks Exxon Mobil Corporation (NYSE:XOM), Chevron Corporation (NYSE:CVX), and Cabot Oil & Gas Corporation (NYSE:COG) are in focus. Opti...Read More
Oil is continuing its deep dive this afternoonAfter trading was halted for 15 minutes this morning to prevent a further plunge, the Dow Jones Industrial Average (DJI), the S&P 500 Index (SPX), and Nasdaq Composite (IXIC) are all down between 6% and 7% at midday, with the Dow falling over 2,000 points at its worst. Saudi Arabia cutting official crude selling prices for April and its subsequent pri...Read More
U.S. health officials are warning Americans to avoid cruise ships as the coronavirus outbreak worsens It's no secret the cruise line sector has taken a hit in recent weeks, with a slew of reports trickling in regarding coronavirus-related quarantines and cancellations. Two stocks hit particularly hard are Carnival Corp (NYSE:CCL) and Royal Caribbean Cruises Ltd (NYSE:RCL), and this weekend's warni...Read More
Amazon was hit again by a COVID-19 fear waveAmazon Inc. (NASDAQ:AMZN) is down 7.1% to trade at $1,767.03, despite a positive premarket outlook this morning. The premarket rise came after news that AMZN will announce a new business line selling the technology behind its automated checkout to other retailers. Amazon's cashier-less venture, Amazon Go, is estimated by Loup Ventures to grow to $50 bill...Read More
Twitter stocks dipped after it flagged one of Trump's retweetsShares of Twitter Inc (NYSE:TWTR) are down 6.2%, last seen at $31.40. Twitter made headlines last week on rumors CEO, Jack Dorsey was being pressured to leave due to his divided attention between Twitter and Square (SQ). Now, the social media giant is back in the news after applying its new "manipulated media" label for the first time...Read More
News that OPEC's Friday talks with Russia collapsed is sparking a massive price war, sending old futures plummetingStocks are dramatically selling off in pre-market trading, with all three indexes looking to open with losses of 4.5% or more. Dow Jones Industrial Average (DJI) futures are erasing last weeks modest win, off over 1,200 points. For the last few weeks this selloff has been tied to anx...Read More
YESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUMBy Ed Steer07 March 2020 -- Saturday YESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUMGold's two tiny rallies in Far East trading on their Friday were dealt with in the usual manner. But starting about fifteen minute before the London open, a rally of some substance appeared. That was capped at, or just before, the 10:30 a.m. GMT morning g...Read More
Chris MarcheseChief Mining Analyst, GoldSeek & SilverSeekWeek Ended March-6, 2020$AUN.v $BCM.V $CALDAS $EQX $FSM $GOLD.TO $GORO $HIGH.V $MAG $MMX $SAND $SMF.TO $SILV $WM.TO Aurcana: Increased the previously announced non-brokered private placement from $4m to $5.76m and completed the second tranche. This will go toward underground development (and in turn, reducing cap-ex) to bring its pri...Read More
By: Ira EpsteinGold showing higher highs and higher lows on the weekly, 18-week moving higher quickly..Read More
Masked Bike RidesOverly OptimizedExogenous CausesSilver LiningsA SuggestionNew York and Final ThoughtsIn baseball, there is a kind of pitch called the "changeup," designed to look like a fastball while actually going slower. The deceived batter swings too soon and misses. Strike, you're out. The world has thrown a wicked biological changeup at the global economy.This is kind of how coronavirus f...Read More
YESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUMBy Ed Steer07 March 2020 -- Saturday YESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUMGold's two tiny rallies in Far East trading on their Friday were dealt with in the usual manner. But starting about fifteen minute before the London open, a rally of some substance appeared. That was capped at, or just before, the 10:30 a.m. GMT morning g...Read More
Chris MarcheseChief Mining Analyst, GoldSeek & SilverSeekWeek Ended March-6, 2020$AUN.v $BCM.V $CALDAS $EQX $FSM $GOLD.TO $GORO $HIGH.V $MAG $MMX $SAND $SMF.TO $SILV $WM.TO Aurcana: Increased the previously announced non-brokered private placement from $4m to $5.76m and completed the second tranche. This will go toward underground development (and in turn, reducing cap-ex) to bring its pri...Read More
By: Ira EpsteinGold showing higher highs and higher lows on the weekly, 18-week moving higher quickly..Read More
Masked Bike RidesOverly OptimizedExogenous CausesSilver LiningsA SuggestionNew York and Final ThoughtsIn baseball, there is a kind of pitch called the "changeup," designed to look like a fastball while actually going slower. The deceived batter swings too soon and misses. Strike, you're out. The world has thrown a wicked biological changeup at the global economy.This is kind of how coronavirus f...Read More
Bob Moriarty ArchivesMar 9, 2020In military aviation pilots are taught about an important concept called being on theBack Side of the Power Curve.For every aircraft and altitude there is a speed and power curve. Until the aircraft gets too slow things work just fine. A lot like the Fed. But when the aircraft flies too slow and drag gets too high, the addition of more power makes the situation wors...Read More