The FAANGs and a few other 'lunatic' stocks favored by institutional buyers have deservedly been getting thrashed, but it looks like the pain is unlikely to abate any time soon. My downside targets in two key stocks, GOOG and AMZN, are well below current levels, implying they will remain a drag on the market. One stock that has been bucking the tide is Microsoft, which is within a three-day rall...Read More
I continue to see an inverse correlation between gold and crude oil today. Monday US markets are closed. Look for signs profit booking in short crude oil positions. Silver continues to remain undervalued. Copper is in a neutral zone. There will be investment demand on dips now that gold prices have reversed from the lows. There is no limit to the extent where trade war is headed. If China starts...Read More
OTTAWA - Ontario's government is working for the people by holding consultations to hear from businesses firsthand on industrial electricity pricing and programs.Paul Calandra, Parliamentary Assistant to the Minister of Energy, Northern Development and Mines, met with business leaders in Ottawa today. This session is one of several in-person consultations to be held with key industry stakeholders...Read More
* GRAPHIC-2019 asset returns: (Updates with closing prices)By Eric OnstadLONDON, May 24 (Reuters) - Nickel spiked to its highestlevel in over two weeks on Friday as bearish investors coveredpositions, while other industrial metals gained on a weakerdollar and hopes for a U.S.-China trade deal.World stocks edged higher and oil prices also recovered frombruising falls this week after U.S. President...Read More
The U.S. economy has seen one of the greatest periods of growth ever under the Trump administration.But the ride might be coming to an end soon.Last month, the U.S. Commerce Department revised fourth quarter GDP growth down from 2.6% to 2.2%. The change stems from weakness in consumer spending, investment, and housing - all of which came in lower than initially thought.Economists are saying a lag...Read More
Copper Fox Metals Inc. (TSXV: CUU) (OTC Pink: CPFXF) is focused on the exploration and development of copper properties in Canada and the United States. At PDAC 2019, we learned from Elmer Stewart, President and CEO of Copper Fox, that they have four copper projects and a significant investment in a publically traded company that spans the copper space from early stage exploration to very advanced...Read More
With most Q1 earnings reports out of the way, short sellers are sticking with their favourite targets. Bonterra Energy (BNE) is the only new name on our ten most shorted stock list (as a % of float), replacing Laurentian Bank (LB) which is now the 11th most shorted stock. The top two spots continue to be held by Paramount Resources (POU) and High Liner Foods (HLF).Paramount stock was more or less...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 203,628114,82383,533167,827275,765454,988474,121 Change from Prior Reporting Period -22,73312,9984,7748,383-20,862-9,576-3,090 Traders 17781835058261193 Small Speculators LongShortOpen Interest 53,65534,522508,643 224-6,262-9,352 non reportable positionsC...Read More
By Robert LambourneThe statements of account for March and April 2019 recently 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. The statements also show that there has been a large decline in gold swaps entered by the BIS in the two months, about 215 tonnes.This is...Read More
The mid-tier gold miners' stocks in the sweet spot for price-appreciation potential have been struggling in recent months, grinding lower with gold. Their strong early-year momentum has been sapped by recent stock-market euphoria. But gold-mining stocks are more important than ever for prudently diversifying portfolios. The mid-tiers' recently-reported Q1'19 results reveal their fundamen...Read More
Celente: An Oil Shock Could Be the Black Swan That Finally Drives Gold Higher DOWNLOAD MPDon't want to listen? Read the podcast below!Welcome to this week's Market Wrap Podcast, I'm Mike Gleason.Coming up the top trends forecaster Gerald Celente of the Trends Journal joins me to discuss a myriad of topics. Gerald gives us more insight on why the precious metals are struggling, why he recently...Read More
By: Dave KranzlerElon Musk sent out an internal email to employees on Thursday in which he makes the highly dubious claims that the Company has 50,000 new orders for the Model 3, the Company has a "good chance" of exceeding Q4's record deliveries and the production of the Model 3 is close to 1,000 per week.Regardless of the veracity of the production numbers, the new orders and Q2 deliveries...Read More
By: Marin KatusaGold prices have dipped below $1275.Even the gold bugs are getting rattled.On the other hand, profit bugs are on the constant lookout for opportunity in echo markets. This is the time when the market is rewarding strong hands and shaking out weak ones.So if you're coming from a position of strength (loaded with cash, paying close attention) then your time to strike and cash...Read More
Professor Laurence Kotlikoff & Chris Waltzek Ph.D. - May 21st, 2019. DOWNLOAD - MP3 formatHighlightsProfessor Laurence Kotlikoff, from Kotlikoff.net and author of the FREE book: You're Hired!Our guest created a new program to assist investors with retirement via a scientific method, MAXIFI.Maxifi is top rated and efficient personal-financial planning software that identifies the optim...Read More
Dear Friend of GATA and Gold:Fighting gold price suppression by central banks and their market rigging generally would be a lot easier with the help of some of those people who have great resources and purport to be gold advocates themselves but who knowingly or unknowingly assist the other side.?>>?One of those people is billionaire Ray Dalio, founder of investment fund Bridgewater Associates i...Read More
By: Ira EpsteinInvestors realizing there is a real trade war going on..Read More
The FAANGs and a few other 'lunatic' stocks favored by institutional buyers have deservedly been getting thrashed, but it looks like the pain is unlikely to abate any time soon. My downside targets in two key stocks, GOOG and AMZN, are well below current levels, implying they will remain a drag on the market. One stock that has been bucking the tide is Microsoft, which is within a three-day rall...Read More
I continue to see an inverse correlation between gold and crude oil today. Monday US markets are closed. Look for signs profit booking in short crude oil positions. Silver continues to remain undervalued. Copper is in a neutral zone. There will be investment demand on dips now that gold prices have reversed from the lows. There is no limit to the extent where trade war is headed. If China starts...Read More
Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric established Sprott Asset Management Inc. Over the years, Eric has personally been the recipient of numerous awards and honors, including one of Investor Dig...Read More
Erik Townsend and Patrick?EUR?Ceresna?EUR?welcome?EUR?John Greenwood to?EUR?MacroVoices. Erik and?EUR?John?EUR?discuss?EUR?where we are in the business cycle, the mechanics of what really drives the cycle and what comes next.Read More