Will you listen to me?Will you buy the stock I recommend in this issue?I hope so… because we have a realistic shot to make roughly 140% on our money in just a few months.Stock markets don’t often hand us opportunities like this. I study markets for a living and I see one setup like it a year, max. But I know there’s a good chance you won’t take advantage of this opportunit...Read More
The beauty stock gapped lower last week after earningsBeauty supply concern Coty Inc (NYSE:COTY) is up 1.8% at $8.65 in early trading, after the company announced the immediate resignation of CEO Camillo Pane, citing family reasons. A number of other corporate-level changes were also revealed, including a new chairman of the board, and the addition of two new and independent board members. Today'...Read More
AMRN boasts a more than 400% gain in 2018The shares of Amarin Corporation (NASDAQ:AMRN) are down 10.6% to trade at $18.82 this morning, after an update on the pharmaceutical name's heart disease drug Vascepa. Data from a clinical trial showed the drug was effective in reducing cardiovascular risks, but some investors have suggested the placebo used in the study may have exaggerated the positive...Read More
The drug stock is heavily shortedThe shares of Pain Therapeutics, Inc. (NASDAQ:PTIE) are trading up 5.6% at $1.21, after the biopharm said it is appealing the Food and Drug Administration's (FDA) decision on its pain drug, Remoxy. Back in August, the regulatory agency failed to approve Remoxy, after an advisory panel voted overwhelmingly against the treatment, citing potential abuse risks. A meeti...Read More
Bulls should seek a move back above SPY $280 before getting aggressive"[W]e prefer to see a roll-over in the equity-only, buy-to-open put/call volume ratio before declaring the risk-reward scenario is favoring the bulls. Such patience likely means you will not catch the exact bottom, but it will also keep you out of situations like last week, in which bounces prove only temporary. Coincident with...Read More
Home Depot reports earnings tomorrow morningBrokerage firm RBC this morning cut its price target on Home Depot Inc (NYSE:HD) and Lowe's Companies, Inc. (NYSE:LOW) stocks to $208 and $110, respectively, saying there's concern a decline in home prices could weigh on shares of both companies -- though it admitted this threat has yet to materialize. An analyst at J.P. Morgan Securities followed suit b...Read More
Oil futures are set to snap a 10-day losing streakFutures on the Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq-100 Index (NDX) are lower today, ahead of a likely a low-volume session, with bond markets and banks closed as the U.S. marks Veterans Day. However, investors are still eyeing a rebound in oil prices, after Saudi Arabia announced it would cut its output in Decembe...Read More
CloseGain/LossGold $1201.50-$8.40Silver$14.01-$0.16XAU62.65-2.36%HUI140.33-2.15%GDM519.17-2.03%JSE Gold1096.10-2.01USD97.59+0.69Euro112.21-1.18Yen87.97-0.06Oil$59.93-$0.2610-Year3.184%-0.006T-Bond138.53125+0.625Dow25387.18-2.32%Nasdaq7200.87-2.78%S&P2726.22-1.97% The Metals: Gold fell $5.90 to $1204.00 in Asia before it rebounded in London, but it then fell to a new sessi...Read More
By Ira EpsteinDollar killer!https://www.iraepstein.com/ Read More
By Ed Steer10 November 2018 -- SaturdayYESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUMThe gold price was sold quietly lower until around noon China Standard Time on their Friday. It crawled quietly higher from there until a few minutes after the London open -- and then it crawled equally quietly lower until the COMEX open. Then the spoofing and algo spinning began -- and the low tick of th...Read More
By Clint SiegnerGold and silver investors got a rare bit of good news on the enforcement front last week.A trader from JPMorgan Chase pled guilty to rigging the precious metals futures markets.John Edmonds admitted to cheating the bank's clients and plenty of other people naive enough to expect fair treatment on the COMEX and other exchanges.While this is by no means the first time a banker has...Read More
Here are two long-term charts illustrating the annual rate at which gold is extracted from the ground. The second of these charts shows why mine production can be ignored when trying to understand what happened to the gold price over the preceding few years or figure out what's likely to happen to the gold price over the next few years.The first chart shows the amount of gold produced by the glo...Read More
By Alasdair MacleodWe are getting ahead of ourselves here. Gold does not circulate as money - yet. It might never do so. Perhaps the end of government currency, fiat money imposed on us by government laws, may never be replaced by what for millennia has been the people's money, gold. Do we even wish it? Given what we have to do to get there, probably not.It is hard to think of a life without Nan...Read More
TECHNICAL SCOOPCharts and commentary by David ChapmanPhone: 416-523-5454 Email: david@davidchapman.comdchapman@enrichedinvesting.comTwitter: @Davcha12November 12, 2018 "The stock market is a device to transfer money from the impatient to the patient" Warren Buffett, American businessman, investor, philanthropist, the "Sage of Omaha", Chairman and CEO Berkshire Hathaway "Thousands of experts s...Read More
Silver just moved to its 2018 bottom. Not somewhat above it, not relatively close to it - silver's Friday's close of $14.14 equals the previous lowest closing price of 2018 that was formed on September 14th. That's not yet a breakdown, but the implications are severe. Silver's Move to the 2018 Bottom Silver's decline means breakdowns (on big volume) below the October lows and the rising red...Read More
Yesterday an entire California town burned down. Paridise, CA has (had) 27,000 residents and over 1,000 buildings, and now it's pretty . That fire and several others are still expanding across the state, threatening tens of thousands of homes. The sets of the TV show WestWorld are gone. Malibu has been evacuated. And dry, windy conditions persist, so the story is nowhere near over. If this sound...Read More
Gold needs to trade over $1205 to prevent a crash. Silver needs to trade over $1402 to prevent a crash. Direction of the US dollar will be the key. Crude oil should rise as oil producing nations prepare for oil production cuts. It seems crude oil producing nations want the average nymex crude oil price to be over $66. Over shooting will happen whenever there is more global demand like the Chri...Read More
CloseGain/LossGold $1201.50-$8.40Silver$14.01-$0.16XAU62.65-2.36%HUI140.33-2.15%GDM519.17-2.03%JSE Gold1096.10-2.01USD97.59+0.69Euro112.21-1.18Yen87.97-0.06Oil$59.93-$0.2610-Year3.184%-0.006T-Bond138.53125+0.625Dow25387.18-2.32%Nasdaq7200.87-2.78%S&P2726.22-1.97% The Metals: Gold fell $5.90 to $1204.00 in Asia before it rebounded in London, but it then fell to a new sessi...Read More
CIS export billet prices have become firmer with customers in the Middle East and North Africa gradually starting to accept higher prices, but overall demand remained rather modest, Fastmarkets heard on Monday November 12.Fastmarkets' daily CIS export billet index was $463 per tonne fob Black Sea on Monday, up by $7 per tonne week on week.Several cargoes of CIS-origin billet were heard booked in E...Read More
Lead`s three-month price dropped almost 2% during the London Metal Exchange closing trade session on Monday November 12, followed by a 1% drop in the three-month zinc price. Lead`s three-month price dropped almost 2% during the London Metal Exchange closing trade session on Monday November 12, followed by a 1% drop in the three-month zinc price. Lead futures closed at $1,929 per tonne, down 4...Read More