Bob Moriarty ArchivesFeb 17, 2020There are a ton of tiny juniors out there who are taking advantage of a more favorable financing market to cash up and get cranking. One, with a tiny market cap of about $5 million at the time, contacted me a few weeks back with an interesting story. They wanted to advertise and were coming out with a private placement so I bought into it. The market quickly unders...Read More
Feb 18, 2020 Guest(s): Brien Lundin Loose monetary policy in perpetuity, because of growing global debt, will support gold and silver prices, according to Brien Lundin, creator of the Gold Newsletter and CEO of the New Orleans Investment Conference. He added that the precious metals have embarked on long-term bull markets, according to Brien Lundin, creator of the Gold Newsletter and CEO of the...Read More
Maurice Jackson of Proven and Probable talks with Rick Rule of Sprott USA and John-Mark Staude of Riverside Resources about the investment promise of project generators.Maurice Jackson: Today we will highlight what may be the most overlooked value proposition in exploration, prospect generators. Joining us for a conversation is legendary investor Rick Rule of Sprott USA and Dr. John-Mark Staude of...Read More
Bob Moriarty of 321gold profiles an exploration junior with a high-grade project in the Juneau gold belt. There are a ton of tiny juniors out there who are taking advantage of a more favorable financing market to cash up and get cranking. One, with a tiny market cap of about $5 million at the time, contacted me a few weeks back with an interesting story. They wanted to advertise and were coming o...Read More
Adam HamiltonArchivesFeb 14, 2020 The gold miners' stocks are still stalled, mostly grinding sideways despite higher prevailing gold prices. This lack of progress is really frustrating traders, slowly shifting herd psychology towards apathy. That's the mission of high consolidations, gradually rebalancing sentiment by bleeding off greed. This healthy process has already come a long way, but still...Read More
The gold miners’ stocksare still stalled, mostly grinding sideways despite higher prevailing goldprices. This lack of progress is really frustratingtraders, slowly shifting herd psychology towards apathy. That’s the mission of high consolidations, graduallyrebalancing sentiment by bleeding off greed. This healthy process has already come a long way, but still needs tof...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 356,53548,56159,263181,629519,420597,427627,244 Change from Prior Reporting Period 626-7,542-1,9494,84310,9473,5201,456 Traders 23268745453311174 Small Speculators LongShortOpen Interest 60,59730,780658,024 -681,9963,452 non reportable positionsChange fro...Read More
By: Ira EpsteinDaily gold chart now back in control of the gold market after a new higher-high. Resistance around $1,592 Bollinger upper band.Read More
An additional 121 more coronavirus deaths were reported todayThe Dow limped into the long weekend with a loss today, after the Chinese National Health Commission reported an additional 121 more COVID-19-related deaths nationwide. The blue-chip index -- although it pared triple-digit losses in late-afternoon trading -- was also pressured by a slew of lackluster economic data, including retail sales...Read More
Apollo Global Management stock has pulled back from its January peakEquity firm Apollo Global Management Inc (NYSE:APO) has struggled to regain momentum after hitting a record high of $52.67 on Jan. 30. Now down 4% year-to-date, APO has pulled back to the 80-day moving average. However, this recent drop may be short-lived, as data from Schaeffer's Senior Quantitative Analyst Rocky White suggests...Read More
The coronavirus outbreak remains a major catalyst on U.S. equitiesIt was an up-and-down week on Wall Street, with momentum largely dictated by the coronavirus outbreak. The Dow rose to record highs when it looked like there was an outbreakslowdown, but pulled back when more cases were reported just one day later. The S&P 500 and Nasdaq logged four-day win streaks earlier in the week and turned in...Read More
Facebook's new app Hobbi will be a direct competitor to Pinterest Social media heavyweight Pinterest Inc (NYSE:PINS) is in focus because of a new product from Facebook (FB) called Hobbi. The app, which was released yesterday, will act as a direct competitor to Pinterest's scrapbook-style format, describing itself as a way to "organize your photos into visual collection and see the progress you're...Read More
A bull signal flashing for MYL could give its recent rally a big boost U.K.-based pharmaceutical name Mylan NV (NASDAQ:MYL) has been in rebound mode these past couple months, bouncing off a familiar floor at the $17 region in late November, and gaining roughly 29% in the months following. While the $23 level is, yet again, trying to thwart the security's recent rally, the EpiPen producer just pul...Read More
Stocks are mostly clinging to breakeven middayThe Dow Jones Industrial Average (DJI) has mostly been clinging near breakeven, as Wall Street turns its attention to a spate of economic data, including core retail sales, which showed clothing-store sales' biggest one-month decline since 2009. Better-than-expected U.S. consumer sentiment for February could be helping offset some of these losses, al...Read More
Wells Fargo is waxing optimistic on the retailer's upcoming earnings reportShares of home improvement retailer Home Depot Inc (NYSE:HD) are up 0.4% at $243.30 this morning, enjoying a fresh bull note out of Wells Fargo. The brokerage firm -- which waxed optimistic about the company's upcoming earnings report on Feb. 25 -- hiked its price target to $265 from $240, a 9.3% upside to last night's cl...Read More
The company cancelled 18 more of its cruises, and lowered its full-year guidance Royal Caribbean Cruises Ltd (NYSE:RCL) has seen a serious tumble down the charts in recent weeks, as coronavirus headwinds continue to slam the travel sector. In fact, the cruise company commented on the immediate economic implications of the deadly virus last night, announcing that it has cancelled 18 cruises, and lo...Read More
EBAY is now up 13% already in FebruaryThe shares of eBay Inc (NASDAQ:EBAY) are up 0.9% to trade at $37.89 this morning, after the company announced it was raising its share buyback plan to $4.5 billion from $1.5 billion. The e-tail icon also disclosed a stronger-than-expected first-quarter guidance for 2020, which prompted a price-target hike from $51 to $47 at Credit Suisse.The triple dose of po...Read More
NVDA is headlining a busy morning for earnings moversU.S. stock futures are trading above fair value this morning, hinting at more record highs for the major indexes and another weekly win. The Dow Jones Industrial Average (DJI) is eyeing a moderately higher open, as traders consider a number of earnings releases this morning. Leading the way is an impressive report from semiconductor company Nvi...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 356,53548,56159,263181,629519,420597,427627,244 Change from Prior Reporting Period 626-7,542-1,9494,84310,9473,5201,456 Traders 23268745453311174 Small Speculators LongShortOpen Interest 60,59730,780658,024 -681,9963,452 non reportable positionsChange fro...Read More
Rob Kirby What has happened to our capital markets? The reactions to the onset of a global pandemic in our capital markets are, for the most part, fundamentally counter- intuitive and, in my opinion, will not continue. Incapacitating the second largest and fastest growing economy in the world is no reason to "buy stocks" into record territory or conduct fire sales of precious metals. If yo...Read More