Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric established Sprott Asset Management Inc. Over the years, Eric has personally been the recipient of numerous awards and honors, including one of Investor Dig...Read More
Chinese citizens get beaten, detained by police for not wearing a facial mask.Source: Chinese social mediaRead More
Police: No individual is allowed to spread information on the internet about the contagion if the information has not been approved by the authorities. Woman inside: Which agency are you referring to when you say "authorities"?Police: Go check the public notices. You are not allowed to spread any information. If you continue to do so and cause certain social impact, legal action will be pursued. Y...Read More
How bad is the coronavirus pandemic in China? It's worse than the Chinese government knows and worse than the world believes. Here are the official statistics on the coronavirus (technically COVID-19) as of today: Continue...Read More
Bob's website: tradegeniusacademy.comRead More
"IF OUR FORMALLY TARGETED FARMERS NEED ADDITIONAL AID UNTIL SUCH TIME AS THE TRADE DEALS WITH CHINA, MEXICO, CANADA AND OTHERS FULLY KICK IN, THAT AID WILL BE PROVIDED BY THE FEDERAL GOVERNMENT, PAID FOR OUT OF Continue...Read More
"The available empirical evidence suggests that the effects of changes in policy rates on asset prices and risk premiums tend to be modest relative to the historical fluctuations in those measures."Continue...Read More
Bond yields are collapsing lower in America as fears about a global coronavirus pandemic leading to a global economic slowdown continue to grow. Continue...Read More
Goldrallied by $17.20 yesterday (1.08%), while silver soared by $0.42 (2.35%),which means that silver more than doubled gold’s rally. Silver is outperforminggold, which was both profitable, and informative. Gold miners moved higher evenmore (4.60% in case of the HUI Index), indicating that the final part of therally is not yet over but rather that we are still in it. Alternatively, itcould m...Read More
Just to let everyone know, since more than 50% of our clients are outside the USA, we have a very international reach with sources around the globe. Get prepared for volatility next week. Despite the Democrat’s personal hatred of Trump, the international view is that Trump is the ONLY sane leader in the world right now. The world is leaning so far to the left everywhere, capital is deeply co...Read More
PRIVATE BLOG - Gold into the Week of 02/24Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com.https://ask-socrates.com/Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 408,34954,70066,606175,519561,131650,474682,437 Change from Prior Reporting Period 51,8146,1397,343-6,11041,71153,04755,193 Traders 25958685356336164 Small Speculators LongShortOpen Interest 64,84332,880715,317 4,2462,10057,293 non reportable positionsCha...Read More
Gold is enjoying an awesome week, surging back above $1600 for the first time in nearly 7 years! That big round psychologically-heavy level is really catching traders' attention, great improving sentiment. Yet this recent gold surge has proven peculiar. Unlike normal rallies, the buying driving this one largely hasn't come from gold's usual primary drivers. The stealth buying behind this...Read More
By: Ira EpsteinGold is at the highest close in years. The old highs at the start of 2020 is now gone, trend is up, momentum..https://www.iraepstein.com/Ira EpsteinOver the past 35-years Ira Epstein has developed a reputation for providing clients with easy to use technology and teaching good old fashioned trading know-how. No matter how technology changes the methods of entering orders, there'...Read More
More COVID-19 cases were reported in China overnightThe Dow stumbled into the weekend with an 227-point loss. The blue-chip index breached the 29,000 level amid resurfacing coronavirus fears, after over 800 new cases were reported overnight in China. The S&P 500 and tech-rich Nasdaq also finished sharply lower, with FAANG stocks and the chip sector among the day's notable laggards. All three bench...Read More
Dropbox just announced a $600 million share buyback, and posted a Q4 earnings beatOne of the top performers on the Nasdaq today is file sharing specialist Dropbox Inc (NASDAQ:DBX), which is bucking the broadmarket trend after posting fourth-quarter earnings and revenue that beat analysts' expectations, and lifting its 2024 operating margin target. The firm also announced a $600 million share buyba...Read More
The coronavirus outbreak is starting to impact company's earnings reportsThe coronavirus really made its mark on Wall Street this holiday-shortened week. The outbreak that has gripped global headlines for all of 2020 has the Dow, S&P 500, and Nasdaq all pacing for substantial weekly losses. After Apple (AAPL) issued a guidance warning related to coronavirus headwinds, the Dow rattled off three st...Read More
FIT has surged 111% over the past six monthsAthletic smartwatch maker Fitbit Inc (NYSE:FIT) is down 0.5% this afternoon, last seen near $6.40, after the company reported a surprise fourth-quarter loss. Fitbit sold six million devices in the quarter, but international revenue fell by 7%. Analysts have yet to chime in on the disappointment, but heading into today, all seven carried a "hold" recomm...Read More
All three indexes are eyeing their first weekly loss since January Stocks are continuing their steep sell-off midday with thethe Dow Jones Industrial Average (DJI) off almost 250 points at last check as an increase in coronavirus cases stokes investor anxiety. Things don't look much better for the S&P 500 Index (SPX) and Nasdaq Composite (IXIC), with the later dragged lower by a struggling tech...Read More