Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason.Coming up Larry Parks of the Foundation of the Advancement of Monetary Education joins me for an eye-opening discussion on our nation’s growing monetary problems and what you can do to help in the vital cause of bringing gold back into the nation’s consciousness. Larry also talks about the massive dangers our nati...Read More
Bernstein downgraded the semiconductor stock to "market perform"The shares of Nvidia Corporation (NASDAQ:NVDA) are sliding in afternoon trading -- down 1.4% at $146.14, at last check -- after Bernstein cut the semiconductor name to "market perform" from "outperform," and trimmed its price target to $175. The downgrade follows Nvidia's recently slashed fourth-quarter guidance, based partly on lesse...Read More
OSTK is struggling near its 100-day moving averageNear the bottom of the Nasdaq today sits Overstock.com Inc (NASDAQ:OSTK), down 9.6% to trade at $18.39. Although there's no clear catalyst for today's price action, blockchain stocks in general are lower across the board. Whatever the reason, options bears have come of the woodwork today in droves.More specifically, almost 5,700 OSTK put option...Read More
Canaccord Genuity raised its TSLA price target by 36%The U.S. stock market is mixed as oil prices drop. Among individual names making notable moves are streaming issue Roku Inc (NASDAQ: ROKU), electric car concern Tesla Inc (NASDAQ:TSLA), and aircraft components maker Triumph Group Inc(NYSE: TGI). Here's a quick roundup of what's moving the shares of ROKU, TSLA, and TGI.Roku Options Bulls are Stic...Read More
Here are five Fastmarkets MB stories you might have missed on Monday February 11 that are worth another look.The London Metal Exchange could face a significant financial challenge if the European Union wins a legal battle with the British government over tax breaks on commodity derivatives trading. Turkish President Recep Tayyip Erdogan has put his weight behind calls for a reduction of...Read More
Wall Street loves the biopharma name Cancer treatment specialist G1 Therapeutics (NASDAQ:GTHX) has seen its stock price decline precipitously since its Sept. 11 peak of $69.57, bottoming at $15.21 on Dec. 21 following a bear gap sparked by disappointing trial data from the company's cancer drug, trilaciclib. Since then, the shares have been steadily climbing the charts, trading up 2.3% at $21.73...Read More
Shareholders could be buying options insurance on the soaring stockShopify Inc (NYSE:SHOP) will report earnings before the open tomorrow, Feb. 12. Ahead of the report, SHOP shares are flirting with new record highs, and while analysts expect even more upside ahead, options traders are bracing for a pullback.Shopify stock was last seen 1.2% higher to trade at $178.06, after earlier notching an all-...Read More
DIS and PFE are among the worst Dow stocks todayThe Dow Jones Industrial Average (DJI) is modestly lower at midday, erasing early morning gains despite positive trade headlines from the weekend. Specifically, reports of a possible mid-March meeting between U.S. President Donald Trump and Chinese President Xi Jinping helped the Dow start strong, butrough outings from Disney (DIS) and Pfizer (PFE...Read More
Aurelius Value said traders are paying a "blue sky" premiumThe shares of Vanda Pharmaceuticals Inc. (NASDAQ:VNDA) got knocked lower this morning, after Aurelius Value said it's short the stock. The report calls out the newly unsealed details of "one of the most expansive and detailed whistleblower writings we have come across," which claims the company "relied on illegal sales tactics and even out...Read More
Turkey's biggest steel producer, Erdemir Group, reported earnings before interest, taxes, depreciation and amortization (Ebitda) for 2018 of TRY8.302 billion ($1.579 billion*), up 52.24% from TRY5.453 billion for 2017. The group sold 7.482 million tonnes of flat steel products in January-December 2018, down by 1.47% from the 7.594 million tonnes sold in 2017, it said last week. The increase in ear...Read More
One name was double-upgraded to "buy" at Goldman SachsGoldman Sachs issued a double upgrade for Avis Budget Group Inc. (NASDAQ:CAR) to "buy" from "sell," and lifted its price target to $35 from $30 -- a 36% premium to Friday's close. The brokerage firm said CAR stock "looks attractive for mean reversion," as headwinds to the sector "appear priced in."In reaction, Avis Budget shares are up 7.2% tod...Read More
Bernstein is tracking two key measures, both of which are at levels not seen since World War II: global government debt and central bank buying of gold.The firm argues that the current geopolitical environment is heading toward a period in which neither stocks nor bonds will work."We show that from current equity valuations and from similar points in previous cycles gold and equities give more sim...Read More
Gold trades inversely to real interest rates, the opportunity cost of holding the metal over cash/short-term bonds.Real interest rates have peaked and are trending lower.The best scenario for gold is a situation of lower interest rates and rising inflation, thus lower real interest rates.A Regime Change For Gold Over the past several weeks, there has been a regime change for the price of gold whic...Read More
Activision stock is down on layoff reports expected to affect hundreds of employees The shares of Activision Blizzard, Inc. (NASDAQ:ATVI) are down 5% at $41.23 in early market trading after Bloomberg reported that the video game giant is planning on announcing a round of layoffs. The cuts -- which could potentially affect hundreds of employees -- are a response to a slowdown in sales and an attemp...Read More
The options market is pricing in a giant earnings move for UAA Under Armour Inc (NYSE:UAA) stock jumped 27.7% the day after earnings back in October, part of its streak of four consecutive quarters of post-earnings gains, including a 17.4% pop this quarter last year. The shares will try to keep the ball rolling following the company's earnings release tomorrow morning, and the options market is pr...Read More
Is it time to prepare for the next financial crisis?Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is going on?Former hedge fund manager, Dr. Steve Sjuggerud, one of the most widely-followed financial analys...Read More
In my article last month on Barrick Gold, I discussed how the early January sell-off was expected, and it was a great opportunity to rebuy. Since then, the stock has returned 15%.The catalyst for GOLD will continue to be the rapid reduction in net debt as well as the exceptional cash flow generation from its portfolio of high-margin gold assets.We have two important price levels to watch, and the...Read More
Tesla stock is higher after an upgrade to "buy"Dow Jones Industrial Average (DJI) futures are signaling again out of the gate, as the trade-related pessimism that plagued stocks last week has abated.Advisors to President Donald Trump have reportedly talked about a mid-March meeting with Chinese President Xi Jinping, after last week Trump said a meeting between the two leaders likely wouldn't happe...Read More
Forecasts, Commentary & Analysis on the Economy and Precious MetalsCelebrating our 46th year in the gold business"Who on earth, or in global finance, will buy this looming mountain of Treasuries?""Investment in gold now is insurance. It's not for short-term gain, but for long-term protection. I view gold as the primary global currency. It is the only currency, along with silver, that does not re...Read More
StrengthsThe best performing metal this week was palladium, up 3.63 percent as hedge funds boosted the net-long position to the most bullish in five weeks, CFTC data showed for early January. Gold traders and analysts remain bullish on the yellow metal for the 13th straight week, even as gold fell on a stronger dollar and weaker demand from Asia during Lunar New Year, according to the weekly Blo...Read More