Topics:U.S. Dollar Outlook - Why Brent still forecasts an upside resolution to the USD consolidationS&P 500 forecastGold & Gold MinersCommodities outlookBrent Johnson is the CEO of Santiago Capital http://www.santiagocapital.com/.Read More
Each crisis in the 21st century has been aggressively and ruthlessly wielded into a massive wealth and power grab by the American oligarchy and national security state. The big power grab following 9/11 Continue...Read More
Since the Great Recession hit in 2008, central banks have been in the business of keeping insolvent governments from defaulting through the process of pegging borrowing costs near zero. Continue...Read More
Gregory Mannarino started his career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. After realizing that working on Wall Street was not like the movies, he moved on to get a medical degree and practiced medicine as a Physician Assistant. He also served in the United States Naval Reserve Medical Service Corps, having attained the rank of Lieute...Read More
"We just want to make sure that before we jump back in and spend another few trillion of taxpayers' money that we want to do it carefully," Mnuchin said. "We're willing to spend whatever it takes. but whatever it takes needs to be done carefully."Continue...Read More
Technical expert Clive Maund explains why he believes gold and silver are powering up for a stratospheric advance. The deflation and depression is right here, right now, and if you don't believe that, try asking some of the 30 million people who just lost their jobs in the U.S., or those who (used to) work in the catering and tourism industries.The Federal Reserve is reacting to this situation by...Read More
Defense Metals is working toward updating its mineral resource. Defense Metals Corp. (DEFN:TSX.V; DFMTF:OTC; 35D:FSEQB) created a three-dimensional geological model of the rare earth elements (REEs) Wicheeda deposit at its Wicheeda project near Prince George, Canada, the company announced in a news release."The new 3D geological model represents a fundamental evolution in the understanding of the...Read More
Black Tusk Resources continues gathering and assessing data on the polymetallic property. In a news release, Black Tusk Resources Inc. (TUSK:CSE; BTKRF:OTCMKTS; 0NB:FSE) announced it added 15 claims to its Lorrain platinum group elements property in Quebec, taking the total to 23 claims over about 1,222 hectares.The area containing the newly acquired claims was diamond drilled in 2002, one hole o...Read More
Technical analyst Clive Maund explains why he's bullish on silver. The way you see silver now depends on whether you see a glass that is half empty or half full. If you are a pessimist by nature you will be grumbling about its underperformance relative to gold up to this point, but if you are an optimist, as we certainly are with regards to silver, you will see it as maintaining the opportunity t...Read More
A second wave of Covid-19 infections will hit the global commodities markets even harder than the initial outbreak, market sources told Fastmarkets on Monday May 11.Five new infections have surfaced in the Chinese city of Wuhan where the outbreak first came to light, while 11 new cases have been recorded in Shulan city in Jilin province. And in the South Korean capital Seoul, the authori...Read More
The Dow pared an over 200-point loss but still finished lowerIt was a mixed bag of results on Wall Street today, with the Dowdown over 200 points at its session lows but then breaking into the black briefly later in the day. The blue-chip index ultimately finished lower, succumbing to anxieties sparked by a potential resurgence in coronavirus cases as the economy begins to reopen. The Nasdaq on th...Read More
Roku stock is trading higher middayThe 20 stocks listed in the table below have attracted the highest weekly options volume during the past 10 trading days, with data courtesy of Schaeffer's Senior Quantitative Analyst Rocky White. Stocks highlighted in yellow are new to the list. One newbie that sticks out in particular is Roku Inc (NASDAQ:ROKU). Below, we'll take a closer look at the options act...Read More
AMC is now up over 120% for the monthThe shares of AMC Entertainment Holdings Inc (NYSE:AMC) are soaring, up 40% to trade at $5.69, the top performer on the New York Stock Exchange (NYSE) today. This comes amid reports that Amazon.com (AMZN) is considering buying what is currently the world's largest cinema chain, although it is unclear if talks are ongoing. The cinema company had been in discuss...Read More
Euronav just pulled back to a bullish trendline on the charts The roller coaster oil prices have been on lately has taken Belgium-based crude name Euronav NV (NYSE:EURN) on a volatile ride in recent weeks. The shares enjoyed a volatile climb higher in April, before coming to a head just south of the $12.50 region. It's been a steep slide since, though the pullback has put EURN right in-line with...Read More
The Dow is down around 160 points midday The Dow Jones Industrial Average (DJI) is down over 160 points midday, with Wall Street wary surrounding the "reopening" of the economy -- made worse by a second wave of coronavirus cases in South Korea. The S&P 500 Index (SPX) is also modestly in the red, while on the flip side, tech-heavy Nasdaq Composite (IXIC) is eking out gains thanks to a rise in FA...Read More
Marriott's first-quarter earnings fell well below analysts' estimates Marriott International Inc (NASDAQ:MAR) is sinking even deeper into the red at midday, down 5.6% at $82.40 at last check, following the hotel name's first-quarter earnings report, which came in well below analysts' estimates. While its revenue report topped expectations, the firm said it suffered a roughly 90% drop in revenue pe...Read More
A second wave of Covid-19 infections will hit the global commodities markets even harder than the initial outbreak, market sources told Fastmarkets on Monday May 11.Five new infections have surfaced in the Chinese city of Wuhan where the outbreak first came to light, while 11 new cases have been recorded in Shulan city in Jilin province. And in the South Korean capital Seoul, the authori...Read More
Stifel raised its price target on WM to $115 from $110The shares of Waste Management, Inc. (NYSE:WM) are down 1.1% to trade at $99.72 this morning after the firm said it would start seeking higher fees for its home trash pick up, as demand surges due to shelter-in-place orders. Waste Management's CFO Devina Rankin added that residential trash volume has surged 15% to 25% since lockdown measures we...Read More
Tonight I would like to focus in on silver which remains one of the best bargains in the PM complex right now. When I first became acquainted with the PM complex back in early 2002 I learned quickly that just because gold may have had a good rally sometimes the PM stocks move very little which was confusing to me as I thought they should move in tandem. Then there were other times when the PM stoc...Read More
The value added tax (VAT) rate in Saudi Arabia will increase to 15% - from the current 5% - in effect from July 1, the Saudi Arabian Ministry of Finance announced on Monday May 11.The country had initially imposed 5% VAT from January 1, 2018 alongside the United Arab Emirates (UAE) - forthe first time in the history of the two countries.Saudi Arabia's Ministry of...Read More