Feb. 22nd, 2019(S14-E684)Featured GuestsDr. Stephen Leeb& Michael PentoPlease Listen HereBest selling author, and show Mentor, Dr. Stephen Leeb returns with an even more robust outlook on precious metals.Dr. Leeb feels the trade war between the US / China will be resolved amicably without undo distress to either nation.The narrative includes the musical accomplishments of Glenn Gould, a most r...Read More
I'd love to tell you that bulls have been sniffing glue and that they are long overdue for a brutal comeuppance. However, it turns out they are anything but wild-eyed, and their expectations are relatively subdued. AIAA's most recent survey found that 35.3% of investors are 'neutral' right now the highest percentage in seven months. As for bulls, they are at 39.3%, only slightly above the...Read More
Mr. Christian Milau reportsEQUINOX GOLD ANNOUNCES $130 MILLION STRATEGIC INVESTMENT BY MUBADALA INVESTMENT COMPANY Equinox Gold Corp.has entered into a definitive agreement with Mubadala Investment Company whereby Mubadala has agreed to purchase $130-million in convertible notes from Equinox Gold. All amounts are in U.S. dollars unless otherwise indicated. Proceeds from the investment will be used...Read More
U.S. stocks came off earlier highs but still closed higher Monday after President Donald Trump tweeted that he would delay additional China tariffs, and that there had been "substantial progress" in trade talks over the weekend. How did stock indexes fare? The Dow Jones Industrial Average DJIA, -0.13% rose 60.14 points, or 0.2%, to 26,091.95. The S&P 500 index SPX, -0.08% gained 3.44 points, o...Read More
However, the Dow finished well off its session highWall Street was mostly focused on President Donald Trump's Twitter account today, and the Dow muscled higher as a result -- though the index settled well off its session high. President Trump on Sunday evening tweeted about the progress in U.S.-China trade talks and extended his March 1 tariff deadline. The president also tweeted about his dismay...Read More
Gold Miners Underperform Even While Breaking Out Gold miners soared in the last few weeks, broke above their declining medium-term resistance line. The picture is therefore clearly bearish, right? Not so fast – if the outlook was bullish, miners should be leading gold higher, just like they did in 2016, and this is definitely not the case. What gives? What are gold stocks really trying to te...Read More
Gold: Short-Term Storm Clouds AppearingSource: Michael J. Ballanger for Streetwise Reports 02/20/2019Sector expert Michael Ballanger discusses some of his recent trades in gold and silver.The year 2019 has started out with rallies in virtually everything-stocks, bonds, metals and even cryptocurrencies-as the spectre of a Friendly Fed has given rise to animal spirits of the most extreme nature....Read More
Will the Chinese yuan replace the greenback?Will the Red Dragon replace America as a global hegemon?What would such a shift mean for the gold market?It's unimaginable what great progress China made in the last forty years. The rise of such economic power triggered many fears (or hopes) about the future international order. We invite you to read our today's article about the rivalry between China a...Read More
The broad stock market slightly extended its short-term uptrend on Friday following breaking above the recent consolidation. But will stocks continue higher despite some clear technical overbought conditions?The U.S. stock market indexes gained 0.6-0.9% on Friday, as investors' sentiment remained bullish following the recent advances. The S&P 500 index retraced more of its October-December dow...Read More
Roche's $4.3 billion buyout of Spark Therapeutics is lifting QURE and VYGR todayStocks are trading higher today as Wall Street reacts to positive U.S.-China trade news. Among individual names making notable moves aregene therapy specialists uniQure NV (NASDAQ:QURE) and Voyager Therapeutics Inc (NASDAQ:VYGR), as well as China-based electric car concern Nio Inc (NASDAQ:NIO). Here's a quick roundup...Read More
The company could give billionaire Carl Icahn a say in choosing its new CEOCaesars Entertainment Corporation (NASDAQ:CZR) showed up on Schaeffer's Senior Quantitative Analyst Rocky White's list of the 20 S&P MidCap 400 Index (MID) stocks that saw the most options activity in the past 10 days. Names highlighted in yellow are new to the list. CZR options traders picked up slightly more calls than p...Read More
Gold prices settled lower on Monday, pressured as a broad rally in global stocks on the back of progress in U.S.-China trade negotiations drew investor interest away from the precious metal. Gold has seen "a little profit-taking from the past few weeks along with a continued appetite for additional equity risk in the broader U.S. market," said Jeff Wright, executive vice president of GoldMining In...Read More
Barrick Gold Corp.'s new chief executive officer wasted no time telling Newmont Mining Corp. shareholders that he can do a better job.The two companies are trading barbs after Barrick launched a hostile bid for Newmont, which would disrupt a previously announced deal for Goldcorp Inc. Barrick has long wanted to combine its Nevada gold fields with Newmont, but the combination was stymied by persona...Read More
One coffee stock could surge next month, if past is prologueFebruary has been kind to the stock market thus far, with the S&P 500 Index (SPX) on track for a 3.7% gain. Looking ahead, several stocks could extend their rallies into March, if recent history is any indicator. Below are the 25 best stocks to own in the month of March, with coffee giant Starbucks Corporation (NASDAQ:SBUX) at the top of...Read More
Michael Klein - World Economic Forum 2008From breaking into an elite cabal of Saudi Arabian advisers, to being called to work on what could be one of the largest-ever mining takeovers, Michael Klein is making his mark as one of the world's top dealmakers.The former star Citigroup Inc. investment banker is advising Barrick Gold Corp. on its hostile $17.8 billion offer for Newmont Mining Corp. in a...Read More
HD has added over 20% since late DecemberHome improvement retailer Home Depot Inc (NYSE:HD) is down 0.4% at $191.67 in afternoon trading. Options traders are positioned for even bigger losses for the Dow stock after the company'sfourth-quarter earnings report, due before the market opens tomorrow, Feb. 26. Here's a closer look at how HD stock has been performing in the lead up to this scheduled e...Read More
Jefferies just initiated coverage with an "underperform" ratingThe shares of the marijuana concern Cronos Group Inc (NASDAQ:CRON) are sinking today, after Jefferies initiated coverage on the stock. The analyst started CRON with an "underperform" rating, and questioned "when Altria value creation will being to materialize," following the cigarette company's decision to invest $1.8 billion in Cronos...Read More
Speculators doubled their money with February putsSubscribers to Schaeffer's PowerTrend service doubled their money with the Anadarko Petroleum Company (NYSE:APC) February 57.50 put. Here's a quick look at why we expected a big move lower from the oil stock, and how the profitable options trade unfolded.At the time of our recommendation on Thursday, Nov. 1, APC had just experienced a bearish outs...Read More
Whether it was a premeditated move by CEO Mark Bristow to launch Barrick's hostile bid only a couple of hours before Newmont's outgoing boss Gary Goldberg was scheduled to speak to a select group of investors isn't clear.What is apparent though is that the outgoing Newmont CEO came prepared for such an eventuality by opening his presentation at the BMO Capital Markets mining conference in Hollywoo...Read More
Oil prices are pulling back after a Trump tweetThe Dow Jones Industrial Average (DJI) is up over 167 points at midday, on track for its highest close since Oct. 9, after U.S. President Donald Trump's tariff tweet said the March 1 trade deadline with China has been extended. POTUS also tweeted about a potential upcoming meeting between the leaders of the two countries at Mar-a-Lago. The S&P 500 In...Read More