The coronavirus outbreak is nearing pandemic statusThere's only so many ways to describe the bloodbath that occurred on Wall Street this week. The coronavirus outbreak, nearing pandemic status, sent the Dow, S&P 500, and Nasdaq all into correction territory and headed for their worst weekly losses since October 2008. The Dow twice logged single-day losses of 1,000 points or more,while the 10-year...Read More
Wayfair stock is heading toward its sixth straight lossWayfair Inc (NASDAQ:W) reported its quarterly earnings this morning and the results aren't pretty. The furniture company reported an adjusted loss of $2.80 per share, larger than the anticipated $2.65 loss. And while Wayfair increased fourth quarter sales profits, fourth-quarter revenue also missed its mark.In response, W stock dropped 24.2% o...Read More
NVAX is still enjoying tailwinds after the vaccine announcementShares of Novavax Inc (NYSE:NVAX) are soaring today, up 12.3%, earlier peaking at $17.71, and last seen at $13.87. The clinical-stage vaccine company earlier in the week announced a COVID-19 vaccine candidate, which they hope to put into phase 1 clinical trial late this spring. NVAX is planning to utilize its proprietary Matrix-M adjuv...Read More
The Dow is looking at its worst weekly loss since the financial crisis The Dow Jones Industrial Average's (DJI) steep sell-off continues, as the blue chip index eyes its worst week since the financial crisis of 2008, on track for a roughly 13% weekly drop. Trade bellwether Boeing (BA) is leading the index's sell-off, while Apple (AAPL) is also suffering notable losses midday. The S&P 500 Index (SP...Read More
Stocks are set to get rocked againDow Jones Industrial Average (DJI) futures are pointing to another day of substantial losses for stocks. More countries have reported their first cases of the coronavirus, and the World Health Organization (WHO) warned the virus could spread all across the globe. Meanwhile, more businesses are lowering their yearly outlooks because of the outbreak, pushing traders...Read More
By John R. Ing, President and CEOMaison Placements Canada Inc.In his State of the Union victory lap, the president crowed that the "great American comeback" entered this decade with the longest bull run in American history. Unsaid is that in dancing to all time highs, the bond and stock markets are priced for perfection. In normal times, this would not be as dangerous as it is today.Early in his t...Read More
To Watch Update #33, CLICK HEREThe situation with the coronavirus is quickly going from bad to worse.Hundreds of cases breaking out across the world, dozens of new deaths.And, of course, these are just the official numbers. Many countries have inadequate/non-existent testing procedures, so the true numbers may be quite a bit higher.As covid-19 continues to rip through the EU, Iran and South Korea,...Read More
As predicted by both Mike Maloney and Chris Martenson, the economic consequences of the Coronavirus pandemic are proving to be devastating. Markets are being crushed all around the world, as investors and industry slowly awaken to the dire circumstances that will effect every aspect of our intertwined 'just in time' economy. Join Mike and Chris for their latest update on the markets, the US dollar...Read More
Charles was long gold from $1494 and closed the trade two days ago when it hit its short term cycle peak. Chareles believes that it will resume it's upward trajectory in early summer 2020, eventually hitting a $2500. The Vix hit a high as predicted. Crude is still going to 36. Natgas hit a low of 1.77 per mm btu, another Nenner call. Charles's target high for the S&P was 3389 and that's where it l...Read More
*Interview was recorded on 13th Feb 2020Discussed in this interview:02:32 Top trend for 2020: New world disorder08:01 Closing of gold window in 197114:33 The endgame of the dishonest money system15:48 Beneficiaries of the monetary methadone19:12 The great gold robbery of 193322:06 Gold bull run27:12 The first shots of World War III has been fired32:26 Prepare now to survive the coming depressionGe...Read More
With Equity markets topping, POTUS calling for lower rates, Fed policy driving negative real interest returns, and deficits ballooning from $1.2T towards $2T, more and more people are waking up to the realization that the USD buys less each year, and that gold offers a safe haven.Rick Rule, CEO of Sprott Asset Management, returns to Liberty & Finance / Reluctant Preppers to answer viewers' questio...Read More
"Today, Firefox began the rollout of encrypted DNS over HTTPS (DoH) by default for US-based users. The rollout will continue over the next few weeks to confirm no major issues are discovered as this new protocol is enabled for Firefox's US-based users."Continue...Read More
"If you're a U.S. citizen and thinking ICE facial-recognition searches don't affect you, you're wrong." Continue...Read More
Mohamed El-Erian thinks the Fed's upcoming rate cuts will have little impact on the economy since the Fed can't force people to travel or leave their homes. Continue...Read More
US stock market pounded again for the 6th day in a row.Two back to back days with markets down 3%. The only time it's ever happened three days in a row was during the great depression.Gold living up to its role as a store of value.Bitcoin fails the test as a reserve currency.Bitcoin pumpers forced to admit it is not digital gold. It's digital risk.Democrat candidates pander against each other.Pete...Read More
The newspaper then attacked Cuban Americans who had escaped the communist nation, writing that Sanders' "comments sparked the anger of the most Continue...Read More
As the hysteria surrounding the mysterious coronavirus case in California with no obvious connection to China mounts, California Gov. Gavin Newsom just confirmed that the state is 'monitoring' 8,400 people. Continue...Read More
Health officials have been suggesting the use of face masks to prevent the spread and transmission of the coronavirus, which is quickly spreading around the globe. But the real question is doContinue...Read More
Gold has the potential to go much higher, as some other metal commodities have done, as zero interest rates, peak gold production and other factors provide strong tail winds for the yellow metal, Frank Holmes CEO and chief investment officer for U.S. Global Investors told Kitco News at the BMO Global Metals & Mining Conference.Frank Holmes is the CEO and chief investment officer of U.S. Global Inv...Read More
"In the event that the virus effect spreads to Q2, we could see gold top $1800/oz already on a 3-month basis."Continue...Read More