By: Ira EpsteinGold 18-dma support at $1,564.80. Resistance around $1,587/8. Gold swings hard to call market..Read More
To me the fall in gold price is just a correction and nothing else. Traders will prefer not to get caught off guard in FOMC tonight. Margin calls on stocks and crude oil also resulted in traders closing long positions in gold. Technical sellers came into play once gold started falling. Silver got knocked down as it failed to trade over $18.00. The combination of gold price fall along with sell o...Read More
To Watch Update #5, CLICK HEREThe sudden lack of new information coming out of China has Chris spooked. He walks us through the math here, showing how if the coronavirus follows its current geometric growth, over 100 million people could be infected by the end of February. Don't take today's lack of 'news' as meaning the threat from this virus is dying down. This is very likely just the calm befor...Read More
Something bad was always going to happen. Whether this is it or not, we don't yet know. This virus is contagious before the symptoms show up. With people traveling all over the world, there's no way to contain it. It's already having an impact. China is already on lockdown and there's been rioting Hong Kong over plans to place victims in public housing. Closing down of international trade could re...Read More
Given the continued spread of the Wuhan coronavirus, we urgently reached out to John Barry, author of the award-winning New York Times best-seller The Great Influenza: The Epic Story of the Deadliest Plague in History.Two years ago, we interviewed John about the expected implications should a pandemic of similar scale break out in today world. Little did we realize at the time how quickly his insi...Read More
Shocker: Facebook illegally collected and stored biometric data for millions of users for years without their consent.Continue...Read More
"I'm offended and shocked that Schumer would be so scurrilous as to accuse the president and his children of making money illegally off of politics when the only people we know have made money off of this have been Hunter Biden and Joe Biden." "Hunter Biden makes a million dollars a year, that's documented, but Schumer simply creates and makes up and says, 'Oh, maybe the president's kids are makin...Read More
There's no need to rehash the sordid politics of the U.S.-Russia relationship since 2014. That relationship became collateral damage to gross corruption in Ukraine.Continue...Read More
The biggest story out of China right now is the coronavirus that I addressed in yesterday's reckoning.But while it's important, the bigger story is the geopolitical dynamic between the U.S., China and Russia.Continue...Read More
There are a handful of stocks in which institutions and individual investors have recently piled into. This behavior is emblematic of all bull markets once they begin to hit the manic phase. Wall Street fallsContinue...Read More
The man hit the lottery in front of a live TV audience and literally fell onto the ground in shock as he heard the good news. Continue...Read More
The Fed is now extending its duration of its repo operations, which in December were supposed to conclude in January 2020, to "at least" April 2020.Continue...Read More
Sarah Carpenter, a grandmother and school choice activist who had traveled six hours from Memphis to attend the event, confronted Warren backstage in a filmed exchange that went viral:Carpenter: "I read that your children went to private schools."Warren: "No, my children went to public schools."The clip went viral because Warren wasn't telling the truth. Corey DeAngelis, the director of school cho...Read More
Jordan Roy-Byrne shares his updated targets and levels to watch for gold and gold stocks. With the shares still lagging, a correction in terms of price or time could be all that the sector needs. Jordan also discusses what he looks for in terms of juniors and the works that they need to be doing to attract investors.Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Te...Read More
Sentiment is strengthening in the resource sector, but according to Mercenary Geologist Mickey Fulp that doesn't mean market participants should change their strategy. "No matter what kind of market you have, you still do the same things," he said at the recent Vancouver Resource Investment Conference. "You become more cautious in bear markets, but by the same token, the bear markets present the b...Read More
If Trump stays in office for two full terms, AOC's America may be a very difficult trap to escape.Continue...Read More
As the U.S. awaits comments from the Federal Reserve at its meeting Wednesday, Danielle DiMartino Booth gives you an insight on what to expect from the Fed in 2020.Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic new...Read More
"I would never consider diversity in matters of art. Only quality. It seems to me that to do otherwise would be wrong," the writer tweeted.Continue...Read More
Barely a week into global response to the outbreak, the number of confirmed cases has already passed the number of SARS cases reported during the entire monthslong ordeal.Continue...Read More
Freeport-McMoRan's shares are on the cusp of a bear market as the world's largest copper producer warned about plunging copper prices on concerns coronavirus has severely impacted China's economy, reported Reuters. Continue...Read More