Avi GilburtEarly Tuesday morning, I put out an update to our members that noted that the 3135 region as the top of our resistance region, which can point us lower once struck.Now, we all know that the "surprise" rate cut by the Fed should have been viewed as a positive to the market. In fact, most expected the Fed to act soon, and were certain how this would send the market soaring again.Howeve...Read More
In the latest update to the Rick's Picks home page, I've revised an interest rate forecast for the 30-year bond to better sit down for this 0.73%. This is an implied recession/depression away from the current 1.60%, so you may want to jot the new number down. I got a wake-up call on this from my friend Doug Behnfield, whose name will be familiar to anyone who has followed Rick's Picks for...Read More
Steve St. Angelo, SRSrocco Report The Fed injected a record amount of liquidity this morning via its Repo Market Operation to supply dealers in the interbank market. While investors may be reassured by the huge 1293 point rally on the Dow yesterday, the global contagion and its impact are just beginning. Don't be surprised to see a 40-50% correction in the Dow Jones over the next month. I'...Read More
By: Ira EpsteinFed hasn't done anything like this since 2008. The 50 basis point cut was 100% priced in this month by the market. So the Fed used some of its bullets and now..Read More
Reduction in interest rate differential (after the Federal reserve interest rate cut of 0.50%) has resulted in US dollar index falling and gold/silver prices rising. Copper and crude oil are firm on hopes that negative economic impact will be short lived. All monetary measures will be useless in the very short term by central banks if the corona virus infects more and more people worldwide. Last...Read More
Mar 06, 2020 Guest(s): Ryan Giannotto Director of Research, GraniteShares ETFs Production disruption in the marketplace is pushing Platinum Group Metals higher across the board. Rhodium, which is at a fresh all-time high, are benefiting from production issues, even though coronavirus fears are weighing on global economic growth. Ryan Giannotto, director of research at GraniteShares ETFs, said th...Read More
Mar 06, 2020 Guest(s): Lisa Davis CEO, PearTree Securities Canada's flow-through funding program remains the lifeblood for the junior resource sector. According to Lisa Davis, CEO of PearTree Securities, flow-through deals account for about 80% of funds for junior explorers. On the sidelines of the 2020 PDAC mining conference, Davis told Kitco News that the market needs more foreign investment....Read More
This is the final part of my Gold price analysis that concludes in a detailed trend forecast for 2020 that was first made available to Patrons who support my work. Gold Price Trend Forecast 2020 Gold Price Trend Forecasts 2019 ReviewSEASONAL ANALYSISQE4EVERUS DOLLARLONG-TERM TREND ANALYSIS Gold / SIlver RatioTrend Analysis ELLIOT WAVESGold Price Trend Forecast 2020 Conclusion Formu...Read More
This is the final part of my Gold price analysis that concludes in a detailed trend forecast for 2020 that was first made available to Patrons who support my work. Gold Price Trend Forecast 2020 Gold Price Trend Forecasts 2019 ReviewSEASONAL ANALYSISQE4EVERUS DOLLARLONG-TERM TREND ANALYSIS Gold / SIlver RatioTrend Analysis ELLIOT WAVESGold Price Trend Forecast 2020 Conclusion Formu...Read More
Stewart Thomson, Graceland Updates 1. "He will lose the election, that's for sure...Ford lost to Carter after the 1973 oil shock, Carter lost to Reagan due to the second oil crisis in 1979, and Bush lost to Clinton after the Kuwait invasion. The Democratic field is poor, but Trump is dead." - Legendary economist Nouriel Roubini, March 2, 2020.2. Corona is the kind of crisis...Read More
StrengthsThe best performing metal this week was gold, down 3.51 percent. As of Wednesday, gold-backed ETFs saw 25 consecutive days of inflows and rose to the highest level ever of 2,624.7 tons. Bloomberg reports that after rising 18 percent last year, gold extended its rally into 2020. Turkey's gold reserves rose $1.1 billion from the previous week to now total $29.7 billion as of February 21...Read More
By Ira EpsteinGold update, key technical supports and what to come from the corona virus:Read More
All three indexes turned in losses of 2% or moreStocks were trounced once again today, even after the emergency efforts from the Federal Reserve. Despite a triple-digit surge out of the gate this morning, the Dow finished 786 points lower, exacerbating its losses after the central bank cut interest rates by half a percentage point in an effort to aid slower economic growth amid the coronavirus out...Read More
Taking a look at Wall Street's reaction to the M&A buzz surrounding Forty SevenDrugmaker Forty Seven Inc (NASDAQ:FTSV) hit yet another all-time high of $94.68 today, and was last seen up 0.3% at $94.22. This comes just one day after its impressive 61% surge during yesterday's trading -- sparked by news that Gilead Sciences (GILD) agreed to purchase the company for $4.9 billion, or $95.50 per share...Read More
Some traders might be betting on more downside in the coming weeksTwo straight weeks in this space we've looked at individual stock charts, but the chaotic market conditions recently have made it fairly difficult to "pinpoint" any real trends among many individual equities or exchange-traded funds (ETF). Instead it may be more helpful to take a broader view of the trading activity we've seen, incl...Read More
The Fed's surprise rate cut comes in the wake of economic coronavirus headwindsThe Dow Jones Industrial Average (DJI) is off over 555 points midday, as Wall Street digests the Fed's decision to make an emergency rate cut by half a percentage point, to ease the impact of coronavirus-related economic headwinds. This news is devastating the financial sector, with some investors initially pricing in a...Read More
A brutal quarterly report loss caused Tilray's stock to plunge furtherTilray Inc (NASDAQ:TLRY) reported its earnings last night and its shares seem to be in for a dismal day as a result. The cannabis supplier reported a fourth-quarter loss of $1.02 per share, much steeper than the estimated loss of 35 cents. TLRY's reported revenue of $46.94 million also arrived much lower than anticipated $55.38...Read More
INO is nearing its Jan. 27 annual highAs coronavirus panic grips the world, there's a scramble among drug companies to develop a vaccine as soon as possible. One such name is Inovio Pharmaceuticals Inc (NASDAQ:INO). After biotech accelerated its coronavirus vaccine development, INO's stock is up 19.2% to trade at $5.23 this morning. The company plans on starting human trials by April in the U.S.,...Read More
TGT is down 16.5% year-to-dateTarget Crop (NYSE:TGT) has been in sell-off mode since last week's broad-market pullback. Shares of the retail giant are continuing the trend today, down 2% at $106.88, after battling the falling demand for toys and electronics. This, paired with competition the brick-and-mortar retailer is facing amid a consumer-base that leans toward e-commerce, pushed the company t...Read More
Thermo Fisher just agreed to buy Qiagen in a $11.5 billion deal The shares of German-based biotech name Qiagen NV (NYSE:QGEN) are soaring this morning, up 15.6% to trade at $41.75 after Thermo Fisher Scientific (TMO) agreed to buy the genetic testing company for $11.5 billion in order to strengthen its health diagnostic business. Evercore ISI added that "the assets will fit well together and make...Read More