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
For economists the dire downward spiral of Venezuela's economy holds the same fascination black holes hold for physicists.Continue...Read More
Ed Steer is the founder of Ed Steer's Gold and Silver Digest and a director at GATA.org.Read More
After a vicious selloff precious metals have stabilized. Its not a surprise given the breadth and sentiment extremes we noted and had predicted earlier. Although recent gains have met some resistance, the immediate path of least resistance should be higher. Let’s take a look at the key support and resistance levels for the metals and the miners. Gold has retreated after hitting $1220/oz a fe...Read More
Today DSLV 3 X short silver etf, is breaking out from a possible bearish falling wedge. I’m going to take an initial position and buy 150 shares at the market at 34.74 with the sell/stop on a daily close below the 50 day ema which is currently at 30.06. ZSL is a 2 X leveraged etf if you don’t want all the leverage. DSLV can be pretty volatile so take small bites. A backtest to the top...Read More
Part 1 (part 2 below)Part 2David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David is the founder of David Stockman's Contra Corner, and he is the author of The Great Deformation: The Corrupti...Read More
After a vicious selloff precious metals have stabilized. Its not a surprise given the breadth and sentiment extremes we noted and had predicted earlier. Although recent gains have met some resistance, the immediate path of least resistance should be higher. Let’s take a look at the key support and resistance levels for the metals and the miners. Gold has retreated after hitting $1220/oz a fe...Read More
Today DSLV 3 X short silver etf, is breaking out from a possible bearish falling wedge. I’m going to take an initial position and buy 150 shares at the market at 34.74 with the sell/stop on a daily close below the 50 day ema which is currently at 30.06. ZSL is a 2 X leveraged etf if you don’t want all the leverage. DSLV can be pretty volatile so take small bites. A backtest to the top...Read More
For Part 1 of this interview, CLICK HEREMax continues his interview with Alasdair Macleod of Goldmoney.com about the post-USD world: will it happen? Can it happen? What would it look like if it did happen?Alasdair Macleod is head of research for GoldMoney. He also runs FinanceAndEconomics.org, a website dedicated to sound money and demystifying finance and economics. He has a background as a stock...Read More
"This is the single most cost-effective thing we can do to improve high school graduation rates," Continue...Read More
It is Labor Day weekend.The nation pauses to acknowledge its sweating and groaning classes - those who hew its wood… and draw its water.Or at least it pretends to.Today is also Sept. 1.On this day in 1939, the lights went out across Europe as the German Wehrmacht rolled on Poland.Nearly six years, it would be, before they came on again.Put the human gravity of that day aside for the moment.S...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort207,370210,43360,824165,581173,843433,775445,100Change from Prior Reporting Period -6,130-11,7772,018-9485,629-5,060-4,130Traders181100935642280195 Small Speculators (C) GoldSeek.com LongShortOpen Interest 45,50834,183479,283 613-317-4,447 non reportable positionsChange from t...Read More
News, Market Updates, Charts and Videos You May Have MissedHere is our weekly digest of the important news, market updates, charts and videos we covered this week.As emerging market currencies around the world collapse in value and gold reaches new record highs in these fiat currencies, we felt it important to look at the terrible situation in Venezuela and consider whether this will be the fate...Read More
Gold prices continue to be pulled by outside factors such as a strong dollar and dynamic U.S. equities markets creating a favorable and continued risk-on market sentiment. Today traders and investors bid gold prices higher with a strong U.S. dollar of equal force negating any realized gains. According to the KGX (Kitco Gold Index) as of 4:15 PM Eastern standard time, spot gold is currently trading...Read More
The U.S. and Canada will resume trade talks next weekConcerns about deteriorating trade relations between the U.S. and the world weighed on stocks early today. Most notably, tensions seemed to be running especially high between the U.S. and Canada, as the two sides attempted to negotiate a trade deal by today's U.S.-imposed deadline. While a deal was not reached, U.S. Trade Representative Robert L...Read More
Savvy investors may want to take a close look at this gem as it shows strong signs of being on the verge of a breakout which would potentially lead to big gains. Experienced investors are always looking for great deals - stocks that are priced right for impressive returns.This company could be WAY undervalued and has MASSIVE growth potential. Trading on NASDAQ for less than $1, this recycling and...Read More
Options traders are swarming ULTA, F, and AOBC todayStocks are mostly lower ahead of Labor Day, but all three indexes are heading towards weekly and monthly wins. Looking at individual stocks, auto name Ford Motor Company (NYSE:F) is lower, while gun maker American Outdoor Brands Corp (NASDAQ:AOBC) and cosmetics peddler Ulta Beauty Inc (NASDAQ:ULTA) are pushing higher. Here's a closer look...Read More
The brokerage firm also cut its price target on the tire stockThe shares of Goodyear Tire & Rubber Co (NASDAQ:GT) have plummeted 5.2% today to trade at $22.30 -- pacing toward a fourth straight loss -- after Berenberg downgraded the stock to "hold" from "buy," and cut its price target to $23 from $24. The drop has sparked a rush of activity in GT's options pits, too, with volume running at nearly...Read More
Gold ended higher Friday, trimming its weekly loss but it still suffered a fifth consecutive monthly decline-the longest such streak of losses in more than five years. The metal firmed Friday even as the dollar, gold's leading influence of late, strengthened, and as both markets kept tabs on the latest rhetoric out of Washington on tariffs. December gold GCZ8, +0.16% edged up by $1.70, or 0.1%, to...Read More
Consumer sentiment in the U.S. was opposite of expectations in the final reading of AugustThe survey considers 500 consumers' outlook on economic prospects.The index has slumped since March when it reached its highest level since 2004 with a reading of 101.4.Michael Sheetz| @thesheetztweetz Published 11 Hours AgoUpdated11 Hours AgoCNBC.com show chapters Consumer sentiment index at 96.2 in Augus...Read More