Debt in 2019: Fed balance sheet & U.S. national debt to rise further.Institutional capital buying gold in a currency crisis will be like 'Hoover Dam going through a garden hose'.Fundamentals for silver are better than gold at this moment.SBTV welcomes Daniel Ameduri, Co-Founder of Future Money Trends and Crush The Street, back as we discussed future Fed rate hikes, the state of U.S. de...Read More
Analysts are already bullish on the surging stockBerenberg initiated coverage on Zebra Technologies Corp. (NASDAQ:ZBRA) with a "buy" rating and $250 price target -- a 24% premium to last night's close. The brokerage firm waxed optimistic on the barcode printer maker's growth potential, as demand for asset tracking strengthens as companies across a wide swath of sectors scramble to keep up with Ama...Read More
However, AGN shares have shaken off pre-market lossesAllergan plc (NYSE:AGN) is up 4.2% to trade at $143.31, shaking off some subpar drug data. Specifically, Rapastinel, the company's depression treatment, failed three late-stage studies. However, AGN shareholders may be celebrating separate news, after the Food and Drug Administration (FDA) accepted the company's application to extend the use of...Read More
Vancouver-based GoldMining has updated the resource estimate for its Yellowknife gold project in the greenstone belt of the same name.The latest resource estimate contains 1.1 million oz. of gold in 14.1 million measured and indicated tonnes grading 2.33 g/t gold. The inferred portion contains 739,000 oz. in 9.3 million tonnes grading 2.47 g/t gold. The new numbers are an 18% increase in the mea...Read More
The retailer reported fourth-quarter revenue and a first-quarter forecast that fell short of analysts' expectations The shares of American Eagle Outfitters (NYSE:AEO) are down 1.1% at $21.12 in early trading after the apparel concern's fourth-quarter results. The company reported a marginal earnings beat, but its revenue and first-quarter guidance fell short of analysts' expectations. American Eag...Read More
The weekly 3/8 19-strike call was sold to open recentlyThe shares of Kroger Co (NYSE:KR) are spiraling, after the grocery chain reported fourth-quarter adjusted earnings of 48 cents per share on $28.09 billion in revenue -- below consensus estimates. The company also said full-year per-share earnings will arrive between $2.15 and $2.25, less than analysts are expecting, citing increased expenses r...Read More
STZ received positive attention, while BUD was downgradedBeer stocks Constellation Brands, Inc. (NYSE:STZ) and Anheuser Busch Inbev NV (NYSE:BUD) received analyst attention this morning. Let's take a quick look at how the shares of STZ and BUD fared as a result. Credit Suisse initiated coverage on Constellation Brands with an "outperform" rating and $230 price target. The majority of analysts were...Read More
• Extends the recent consolidative price action for the third consecutive session. • Bulls seemed rather unimpressed by a subdued USD price action/cautious mood. Gold quickly reversed an early European session dip to fresh one-month lows, albeit remained well within a familiar trading range held over the past three trading session. Following the recen...Read More
Productivity and labor costs data hit the Street bright and earlyThe Dow Jones Industrial Average (DJI) is fresh off a three-day losing streak, but futures on the blue-chip index are cautiously higher today, propped up by the European Central Bank (ECB) decision to leave interest rates unchanged through the end of 2019 -- longer than previously forecast -- and launch a newlonger-term loan stimulus...Read More
The Australasian Institute of Mining and Metallurgy (AusIMM) and the Government of the State of Victoria in southern Australia announced this week a partnership focused on those who aspire to work in the mining sector.In a media statement, AusIMM said that the initiative is particularly focused on helping women make an increased contribution to the industry with an emphasis on getting more women a...Read More
* LME copper stocks rise from decade low * Cash to 3-month spread falls sharply * Dollar strengthens after ECB policy change * Nickel falls more than 3 percent (Updates with closing prices)By Peter HobsonLONDON, March 7 (Reuters) - Copper prices fell on Thursdayas rising stockpiles and a drop in the premium for directlyavailable metal signalled a supply squeeze on the London MetalExchange may be e...Read More
A drop to $13.86 in November was ugly.A rise to $16.20 looked like a breakout was on the horizon.Failure in early March.Buying dips and selling rallies rather than looking for technical breaks.USLV and DSLV for those who do not trade futures.Silver can be a tricky metal when it comes to its price action. Silver looks like it is going to the moon on the way up, and when it declines, it seems like t...Read More
Published 22 Hours AgoUpdated5 Hours AgoReuters Getty ImagesGold slipped on Thursday, holding near a multi-week low as the dollar gained against the euro after the European Central Bank postponed an interest rate rise, but the ECB's gloomy economic outlook limited the metal's fall.Spot gold was off 0.05 percent to $1,285.71 per ounce at 2:30 p.m. ET. It hit $1,280.70 on Tuesday, its lowest level...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average fell Wednesday as Wall Street awaited new details on trade talks between the U.S. and China.General Electric (GE) extended declines Wednesday, falling 8%, after CEO Larry Culp warned that free cash flow from the conglomerate's industrial division is likely to remain negative this year.Abercrombie &...Read More
By: Ira EpsteinGold - 100 week average (~$1272/3 and rising) possible correction low. Biased down. Oversold.Gold/Silver ratio -- higher it goes, the more silver you load up in your shopping cart:Read More
GoldSeek Radio's Chris Waltzek talks to Dr Steven Leeb http://www.leeb.com/ Read More
By: Rambus I know it may have come as a shock to some of you on why I raised some capital by selling a few PM stocks today. Whenever you see a false breakout of any chart pattern and the price action trades below the bottom rail of the original pattern that can setup a bearish situation. It's like a head fake. The stock forms what looks like a great breakout and maybe even accompanied by a break...Read More
The recent monthly statements of account published by the Bank for International Settlements indicate that the bank is still actively trading gold swaps, which the bank uses to gain access to gold held by commercial banks.There is not enough information in the monthly reports to calculate the exact amount of swaps, but based on the information in the BIS' just-published statement of account for...Read More
In my first Premium Post back in January, "2019 Economic Headwinds Look Like Storm of the Century," I laid out sixteen major headwinds that would be howling against the economy this year. One of those was the government debt, which I said was about to skyrocket:If you thought the government deficit exploded last year when taxes were cut and spending was increased, wait until you see how bad it l...Read More
ASIAN METALS MARKET UPDATEMomentum for gold and silver is bearish. I am happy with the correction. There will be good demand in every Asian nation. Buyers and investors will vanish if gold and silver fall next week. European central bank meeting today can affect euro as well as bullion. Lower growth forecast for this year has already been factored in by the markets and such they will not impact....Read More