Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-funded startup. He has a BA, MA, and MBA (UT at Austin). In his prior life, he worked in Texas and Oklahoma, including a decade as General Manager and COO of a large Ford dealership and its subsidiaries. Read More
John Rubino is the founder and manager of the popular financial website DollarCollapse.com. Mr. Rubino is the co-author, with GoldMoney's James Turk, of The Money Bubble and The Collapse of the Dollar and How to Profit from It. He spent the 1980's on Wall Street as a Eurodollar trader, equity analyst and junk bond analyst. During the 1990's he was a featured columnist with TheStreet.com and a freq...Read More
In his latest newsletter commodities analyst Jay Taylor notes that a very important date is approaching:Continue...Read More
Goldhas turned vigorously lower yesterday. And not only gold at that. Red, red,everywhere in precious metals you looked. The silent scream we wrote about inthe Wednesday’s Alert for our subscribers brought serious repercussions.Immediately and just in time to reap the benefits. Today, we will devoteextraordinary attention to the long-term view of the PMs complex. In yesterday’s Part I,...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 205,250126,43175,211192,029300,503472,490502,145 Change from Prior Reporting Period 2,62211,82115,48136,29730,77454,40058,076 Traders 19867845056283176 Small Speculators LongShortOpen Interest 57,54027,885530,030 4,31964358,719 non reportable positionsCha...Read More
The major gold miners are grinding higher in a solid upleg, fueling growing interest in this small contrarian sector. They've mostly finished reporting their fourth-quarter results, revealing how they are really faring fundamentally. Collectively the world's biggest gold miners continue to face serious challenges, which often stem from declining production. That makes stock picking more im...Read More
CEO Kenneth Lewis & Chris Waltzek Ph.D. - Download interview -- MP3 fileHighlightsLIMITED OFFER - FREE $5 IN ONEGOLD DIGITAL BLOCKCHAIN EXCLUSIVELY TO GOLDSEEK.COM PATRONS! (Remember to say Goldseek Radio sent you!)ONEGOLD Inc. holds physical gold and silver metals at the Royal Canadian Mint through our friends at APMEX and Sprott. CEO of APMEX and founder of ONEGOLD Inc., Kenneth Lewis return...Read More
Face it, this monster could veer wildly in either direction right now, and even an Einstein could not confidently predict which. My heart's desire is to see the S&Ps plunge into the molten pit of hell by summer. The 2313.00 target shown suggests that, at least from a technical standpoint, this is possible. Presumably, the years-overdue collapse would drive out the crooks who have rigged shares...Read More
Gold seems to be creating the right shoulder of the bearish head-and-shoulders pattern and could drop below the neckline supportconfirming a bearish reversal if the Fed sounds less dovish-than-expected. The yellow metal is currently trading at $1,301, having clocked a high and low of $1,306 and $1,294 earlier today. The 4-hour chart shows the metal's attempt to re-enter the flag ha...Read More
The oil bull still managed to score another day of gains yesterday. A meager advance but still an advance, one could say. And be forgiven, as they would not have had examined the full picture. Are we just teasing you now? Come on, there can't be possibly more to the story... There is. The scenario that we wrote about exactly to the day two weeks ago, has come to fruition. The implications are far-...Read More
Apple brought its daily win streak to sixStocks closed out the week with a bang, as renewed hope over a potential U.S.-China trade deal offset a dismal batch of economic data -- including a lower-than-expected rise in industrial production last month. Another strong day for tech only stoked the bullish flames, with chip stocks surging after Broadcom (AVGO) earnings and Apple (AAPL) notching a sixt...Read More
Raymond James sees 60% upside for the sharesMagenta Therapeutics Inc (NASDAQ:MGTA) is among the best Nasdaq stocks today, thanks to some upbeat analyst attention. Specifically, Raymond James launched coverage of the biotech stock with an "outperform" rating and $22 price target -- representing a 60% premium to Thursday's close. The analyst gave three reasons for the bullish initiation: encouraging...Read More
CREE topped out at a new high earlier Cree, Inc. (NASDAQ:CREE) stock is red-hot today -- up 6.9% at $57.25, and fresh off a nearly five-year high of $57.51. Fueling the upside is news the LED specialist is selling its lighting products business to Ideal Industries, which Canaccord Genuity said allows CREE "to remain focused on growth opportunity" in its Wolfspeed division. This is strengthening br...Read More
Options volume has ramped up on ULTA today, tooThe Dow is heading toward a solid weekly win as Wall Street's "fear gauge" sinks. Drugmaker Soleno Therapeutics Inc (NASDAQ:SLNO) and cosmetics peddler Ulta Beauty Inc (NASDAQ:ULTA) are two stocks making notable moves higher today. Here's a quick look at what's got the shares of SLNO and ULTA climbing today. Upbeat Late-Stage Study Sends SLNO to Be...Read More
Gold futures climbed Friday to score a gain for the week, with the metal finding support in the wake of mass shootings at two mosques in New Zealand, as well as from a weaker tone for the U.S. dollar. At least 49 people on Friday were killed at a pair of mass shootings at mosques in Christchurch, New Zealand. The "New Zealand news is positively supporting gold," said Chintan Karnani, chief market...Read More
Gold futures climbed Friday to score a gain for the week, with the metal finding support in the wake of mass shootings at two mosques in New Zealand, as well as from a weaker tone for the U.S. dollar. At least 49 people on Friday were killed at a pair of mass shootings at mosques in Christchurch, New Zealand. The "New Zealand news is positively supporting gold," said Chintan Karnani, chief market...Read More
The ABCs of call and put optionsWhile trading options can be a profitable practice for "vanilla" bulls and bears, these investment vehicles can be traded to fit almost any outlook on a stock. Today, we will discuss the specifics of buying and selling options, and the underlying objective, maximum profit potential, andrisk of each trading strategy.Buying and Selling Put OptionsTypically a trader wh...Read More
Boeing created headwinds for the Dow this week, thoughStocks rebounded after last week's dismal performance, with the major market indexes snapping their longest consecutive stretch of daily losses since before the 2016 U.S. presidential election. While the tech-heavy Nasdaq outperformed its peers on a strong showing from Apple (AAPL), the Dow managed to brush off stiff Boeing (BA) headlines and m...Read More
The two largest gold miners - Barrick and Newmont Mining - announced a joint venture (JV) in their Nevada operations to create the world's single largest gold producing company with a reserve base of 48 million ounces in the ground. The JV is estimated to save both companies $500 million in the first five years of operations due to sharing resources and tax breaks, according to GMP Securities equ...Read More
Continental Gold's (TSX:CNL; OTCQX:CGOOF) shares surged over 11% on Friday, the same day the Toronto- based miner announced that it obtained a $175 million financing package backed by Newmont and Triple Flag Mining Finance.The package includes a $50 million debenture from Newmont, and a $100 million gold and silver stream from Triple Flag . Each of the debentures will be convertible at the h...Read More