By Avi GilburtThey say that when the former bears turn bullish, that is often the sign of a top.Source: Caters/Legion MediaFor the last three years and during the 64% rally in the S&P 500 from 1800 to 2940, many analysts were quite bearish, expecting the market to top out each and every week. They continued to point towards the "risks" in the market, all the while helping develop that wall of wo...Read More
DEEPCASTER LLCFORTRESS ASSETS PORTFOLIO | LETTERS, ALERTS & ARTICLESHIGH POTENTIAL SPECULATOR | HIGH YIELD PORTFOLIOPreserve & Enhance WealthInvestment & Geopolitical Intelligence "As seen from the outside, the Massive Upheaval in Western Society is approaching the limit beyond which it will become Meta-Stable and Collapse." Solzhenitsyn as quoted in The Camp of the Saints by Jean Raspail, 1974...Read More
Wait, what?! Isn't the inverse head-and-shoulders a bullish pattern that was supposed to take gold miners much higher? Indeed, it is. But it didn't take gold miners much higher and all that the completion of the above-mentioned pattern generated was a corrective upswing that didn't even take gold stocks back above their December 2016 lows. And we warned that this is the likely outcome as the mor...Read More
Dear Friend of GATA and Gold:Silver market analyst Ted Butler today marvels at the frantic movement of huge amounts of silver among the vaults of the New York Commodity Exchange, and wonders why it is happening and why it gets no notice from other market analysts.Butler speculates that the cause is physical demand by JPMorganChase, which seems to have become the master of the silver and gold mar...Read More
Easy come, easy go. AMZN stunned traders with a 135-point gain Thursday from the bombed-out depths of Wednesday's selloff. Then, after the close, the stock reversed steeply, shedding 180 points and sucking tens of billions of dollars from stock markets in the U.S. and around the world in mere minutes. A disappointing forecast for the holiday season triggered the avalanche, which has abated somew...Read More
Golden Nuggets: Key Gold and Precious Metals News, Commentary and Charts This WeekHere is our Friday digest of the important news, commentary, charts and videos we were informed of this week.The old Wall Street adage is that they "never ring a bell at the top" but there was a real sense this week that we may have seen a turning point. U.S. stocks including both the NASDAQ and the S&P 500 have s...Read More
After the roller coaster ride this week in global financial markets, investors are cautious investing in everything. Gold is consolidating in a $1220-$1245 range. This range will be broken by Halloween. If industrial metals crash, then silver could take a back seat. Speculation of oversupply in crude oil has resulted crude oil trading with a softer bias. If crude oil does not rise today (being t...Read More
Domestic rebar prices in Poland have been largely stable over the week, but the mills are likely to try to achieve higher prices in November, sources told Fastmarkets MB on Friday October 26.The sources, however, doubt that the rise of official offers will be reflected in the transaction prices.Polish steelmakers are expected to announce new prices in early November. In the meantime, no deals have...Read More
LONDON (Reuters) - Britain’s budget announcement on Monday and a “Super Thursday” at the Bank of England would normally be key moments for the world’s fifth-biggest economy, but this time they are likely to be overshadowed by the drama of Brexit.Finance minister Philip Hammond and Bank of England Governor Mark Carney have little option but to sit on the fence as they wait t...Read More
Jim Willie is a statistical analyst in marketing research and retail forecasting. He holds a PhD in Statistics, and his career has stretched over 25 years. He aspires to thrive in the financial editor world, unencumbered by the limitations of economic credentials. Jim operates a free website called Golden Jackass.Read More
(Reuters) - Shares of Amazon.com Inc (AMZN.O) fell 10 percent in trading before the bell on Friday after its sales outlook missed Wall Street targets, fanning concerns that the online retailer’s expansion may finally be losing steam.The third quarter results late on Thursday was the second time running that billionaire Jeff Bezos’ firm had fallen short of Wall Street’s lofty sale...Read More
The latest metal markets news and price moves to start the North American day on Friday October 26. Base metals prices on the London Metal Exchange were lower across the board during morning trading on Friday October 26, with a marked downturn in global equity markets prompting further risk-aversion while a continued surge in the dollar index kept prices subdued.The three-month nickel price deprec...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
Robert Shiller, professor of economics at Yale University, discusses what is causing the recent market correction.Robert Shiller is an American economist, academic, and best-selling author. He currently serves as a Sterling Professor of Economics at Yale University and is a fellow at the Yale School of Management's International Center for Finance. Mr. Shiller has been a research associate of the...Read More
Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More
**This excerpt is from the first annual "Hedgeye Investing Summit". It was originally broadcast live on Hedgeye.com on October 11, 2018.**Jim Rickards is a lawyer, investment banker and economist with over thirty years' experience in capital markets. He is currently Senior Managing Director at Tangent Capital Partners LLC. He advises the Department of Defense, the U.S. intelligence community, and...Read More
Pig iron exporters in Brazil kept their prices low during week ended Friday October 26, despite the national currency becoming stronger.Fastmarkets' weekly price assessment for pig iron exports from the south-eastern Minas Gerais region on October 26 was stable at $350 per tonne fob.One cargo from southern Brazil was...Read More
Link to Slides and Sources: https://www.itmtrading.com/blog/botto...We've been watching quite a few pattern shifts over the last year or so. These were warning us that a market breakdown was in the works. Over the last few weeks, it's become more apparent as most stock market indexes are below the beginning of the year levels. We got that warning on October 3rd when interest rates broke out to the...Read More
(Reuters) - Snap Inc (SNAP.N) shares plunged 14 percent on Friday after the Snapchat-owner posted its second straight quarter of user losses and forecast further declines, a boost for Facebook Inc’s (FB.O) Instagram ahead of its results next week.At least four Wall Street analysts cut their price target as Snap’s much-criticized app redesign continued to weigh on daily active user numb...Read More
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