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
Key points from the miner's company update at the Denver Gold Forum are summarized in a CIBC report. Pretium's Brucejack MineIn a Sept. 17 research note, CIBC analyst Anita Soni reported the highlights from the presentation by Pretium Resources Inc. (PVG:TSX; PVG:NYSE) President and CEO Joseph Ovsenek's at the recent 2019 Denver Gold Forum.She also indicated that CIBC raised its target price on P...Read More
Assays and resource forecasts pertaining to this silver project in Bolivia are discussed in a ROTH Capital Partners report. Drilling at Silver SandIn an Aug. 29 research note, Joe Reagor reported that ROTH Capital Partners increased its estimate of New Pacific Metals Corp.'s (NUAG:TSX.V; NUPMF:OTCQX) initial Silver Sand project resource in Bolivia and, consequently, raised its target price on the...Read More
U.S. manufacturing data helped push the Dow into the blackThe Dow finished on a modestly high note today, closingin the black after trading on both sides of the aisle earlier in the day. The blue-chip index spent the morningin the red, down triple digits at its session lows amid global growth concerns stemming from weak data out of Europe. But the Dow ultimately drifted higher, propped up by upbea...Read More
Turkey produced 22.55 million tonnes of crude steel in January-August 2019, down by 10.46% from 25.19 million tonnes in the corresponding eight-month period of last year, the Turkish Steel Producers Association (T???oeD) said last week.The drop in output was largely attributed to subdued end-user demand and weakening export markets for Turkish steel.The European Commission (EC) imposed definitive...Read More
Catalyst Pharmaceuticals and Plus Therapeutics are both trading toward the bottom of the Nasdaq Stocks have been trading on both sides of breakeven today as disappointing economic data out of Europe stoked fears of a slowing global economy. Three stocks in particular making moves today are healthcare names Catalyst Pharmaceuticals Inc (NASDAQ:CPRX), Plus Therapeutics Inc (NASDAQ:PSTV), and Polarty...Read More
The U.K. travel firm declared bankruptcy earlier todayCarnival Corp (NYSE:CCL) is trading lower today, as travel stocks swoon on news of U.K. tour company Thomas Cook's collapse. CCL shares are down 1.9% to trade at $47.30 -- pacing for a fourth straight drop, and retreating from a historically bearish trendline -- and put traders are driving a busier-than-usual session in the stock's options pits...Read More
Guggenheim said Truly and White Claw dominate the hard seltzer marketBoston Beer Company Inc (NYSE:SAM) is trading up 3.7% today at $358.16, thanks to a bullish analyst update. Guggenheim boosted its price target on the security to $462 from $449, saying they expect the company's Truly hard seltzer sales to grow 160% in 2019 and another 85% in 2020, estimates the brokerage firm view as conservativ...Read More
Despite a volatile year, Amazon stock has added 32% over the past nine monthsOnline powerhouse Amazon.com, Inc. (NASDAQ:AMZN) is sinking in afternoon trading, last seen down 0.8% at $1,779.59. However, the stock's recent pullback may be a buy signal for AMZN traders, as data from Schaeffer's Senior Quantitative Analyst Rocky White suggests the FAANG leader may be ready for its next surge higher....Read More
Snap has accused Facebook of undermining business practices, according to reportsFacebook Inc (NASDAQ:FB) was slammed earlier, after a Wall Street Journal report (subscription required) said rival Snap (SNAP) came out with a list of ways in which the social media giant attempted to sabotage it. According to those familiar with the matter, Snap's dossier, titled Project Voldemort, highlights under...Read More
Yield curve inversions have historicallybeen great for silver prices. Currently we are experiencing such a phenomena,and again it is evidence of conditions that are conducive to some impressivesilver rallies.Below, is a long-term chart showing thespread between the 10-year Treasure Note Yield and the 3-month Treasury Bill Rate. I have chosen these two to show data for along-term analysis. The...Read More
Nike has a mixed history of earnings reactionsEarly bird Nike Inc (NYSE:NKE) will get a jump-start on this fall's earnings season this week, set to report its fiscal first-quarter earnings tomorrow after the close, Sept. 24. Ahead of the event, NKE options traders have come out of the woodwork in larger-than-normal numbers, with some eyeing a post-earnings pullback from the apparel giant.Less tha...Read More
The Dow was down more than 100 points in early tradingThe Dow Jones Industrial Average (DJI) was down more than 100 points earlier, as disappointing eurozone and German factory data fanned fears of a slowing global economy. The blue-chip index has since erased these earlier losses, after IHS Markit's flash purchasing managers index (PMI) for U.S. manufacturing arrived at a better-than-expected 51...Read More
Long term trends take a long time toreverse. One such trend compares goldmining stocks to the S&P 500 stocks. From 2002 until 2011 gold mining stocks outperformed generic stocks, ascan be seen in the following chart. (Chartscourtesy Stockcharts.com). The trend unmistakably featured miningstocks ($HUI) over the S&P 500 stocks. From 2011 until r...Read More
U.S. Overnight Repo Rate Source: www.tradingeconomics.com , www.stlouisfed.orgAs expected, the Fed cut the key banking rate another quarter point this past week to 1.75%-2.00%. It is the second cut this year. Expectations by many are for one more, but there are many who expect the Fed to be done for the year. The Fed as usual was ambiguous. If there is one more, we would not expect it to happe...Read More
Sept. 20th, 2019(S14-E714)Featured GuestsMichael Pento& Bob HoyePlease Listen HereInterview Recap.Bob Hoye, Editor & Chief Investment Strategist of Bob Hoye.com rejoins the show with insights on US Fed.Bob Hoye draws parallels between the declining yield curve today and that of the Great Depression.The global economy could enter an intractable downturn, beginning with a financial market declin...Read More
However, BB stock plummeted after the firm's last quarterly reportBlackBerry Ltd (NYSE:BB) will report fiscal-year earnings ahead of the bell tomorrow. Prior to the announcement, options traders are betting bullishly on the smartphone provider, with BB options flying off the shelves at an accelerated clip today.BlackBerry stock fell 8.8% the session after the company reported earnings in late June...Read More
By: Avi GilburtThe pundits and the media were debating for several weeks leading up to the last Fed meeting about what the Fed was going to do and the effect they thought it would have on the market. And, it amazes that the great majority of the market does not realize how much of a waste of time these debates really are. But, as I often note, many market participants and analysts are simply...Read More
Tonight I would like to start out by looking at the old ratio combo chart that has the GOLD:XAU ratio chart on top with the XAU on the bottom. I’m not going to go over all the details the ratio combo chart has, only to emphasize the 20 year 6 point parabolic arc which shows how gold had been outperforming the XAU until the small double top at 24.33 in late 2015. When the parabolic arc was br...Read More
StrengthsThe best performing metal this week was silver, up 3.16 percent, as gold rebounded this week. As gold was set for a small weekly gain for the first week in four, traders were mostly bullish or neutral on bullion's trajectory in the weekly Bloomberg survey. Palladium, however, rallied as much as 1.8 percent to a record $1,648.65 an ounce for its best run since 2012 with seven weeks of...Read More
Both AK Steel and U.S. Steel are surrounded by pessimismJ.P. Morgan Securities weighed in on the steel industry today, and the results weren't pretty. AK Steel Holding Corporation (NYSE:AKS) was downgraded to "underweight" from "overweight," while United States Steel Corporation (NYSE:X) saw its rating cut to "neutral" from "overweight," and price target trimmed to $14 from $26. The brokerage...Read More