*This video was recorded on 1/23/20This DoubleLine Event at the Peninsula in Chicago features Jeffrey Gundlach and Jeffrey Sherman as they discuss Macro & Markets, moderated by Sam Lau.Jeffrey Gundlach is the Chief Executive Officer and Chief Investment Officer of DoubleLine Capital. He is recognized as an expert in bond and fixed income investments. His investment strategies have been featured in...Read More
Charles Hugh Smith calls the Federal Reserve an evil organization. Their meddling in the economy results in the concentration of wealth to those at the top of the wealth pyramid and is fueling asset bubbles, creating widening wealth inequality.Discussed in this interview:01:53 Where has the trillions printed gone?05:12 Gap between Fed's theory vs reality08:29 Fed-created cartels16:19 The Fed is ev...Read More
Here for his first appearance with us in 2020, David Morgan, known as The Silver Guru, and founder of TheMorganReport.com, returns to Finance and Liberty / Reluctant Preppers to give us his outlook on where silver, gold, and mining stocks are likely headed. Morgan also shares a healthy dose of his studied philosophical perspectives on the economy, major trends, and impactful pitfalls of our time....Read More
They cut his mic off at the end..."We love Europe, we just hate the European Union."The European Union "gives people power without accountability.""You may loathe populism, but I'll tell you a funny thing, it's becoming very popular."Nigel Farage is a UKIP Member of Parliament for the South East of England. Elected in 1999, he has used his experience of the EU to increase awareness of its activiti...Read More
"In the last few days the progress of the virus, especially in some countries, especially human-to-human transmission, worries us," the WHO Director-General said on Wednesday.Continue...Read More
Katherine Anne Castor who is the Democrat from the 14th district in Florida who is an attorney who apparently became a politician because she has difficulty with understanding the Continue...Read More
"Over the past few weeks we have witnessed the emergence of a previously unknown pathogen that has [resulted in] an unprecedented outbreak." "We must act together now to limit the spread." Continue...Read More
The Centers for Disease Control and Prevention and Illinois public health officials said Thursday the first person-to-person transmission of the coronavirus in the United States has been confirmed. Continue...Read More
Gold prices have been consolidating for a few months already, and the next breakout could take prices to 2011 highs of $1,923, this according to Peter Reznicek, head trader at shadowtrader.net."For me, the target just has to be the prior all-time high in 2011. I'm just looking at the $1,923 level, that would be fine, and then reassess the situation from there," Reznicek told Kitco News.Read More
While investment demand rose to record levels last year, physical demand sharply declined to a nearly 10-year lowContinue...Read More
Preliminary findings show the presence of sulphides at depth on the property. Newrange Gold Corp. (NRG:TSX.V; NRGOF:OTC) announced in a news release that the now completed induced polarization and resistivity (IP) survey at its Pamlico project in western Nevada detected "several strong and well-defined anomalies.""The preliminary results of the IP survey are extremely encouraging as they are inte...Read More
The China Council for the Promotion of International Trade is offering "force majeure certificates" to businesses in China affected by the outbreak of the Wuhan novel coronavirus."Businesses that have failed to perform on contracts on time, or fails to fulfil any international trade contract can apply to the council for a certificate," it said on its website.The move is to safeguard the rights and...Read More
The company makes the changes to manage its "broad and responsible approach to advancing projects with community support." Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) announced in a news release it has "expanded the responsibilities and scope of its environmental and permitting team in response to the growing importance and complexity of earning and maintaining the social licence to build and oper...Read More
Facebook carved out a heavy day for stocksU.S. stocks just barely shook free of the lasting coronavirus headwinds today, with all three major indexes seeing a quick recovery into the black during the last hour of trading. Earnings also remained in focus, as Facebook (FB) weighed heavy on the tech sector and S&P 500. Paring some of today's afternoon losses were well-received reports from Coca-Cola...Read More
The stock has been in cool-down mode since hitting fresh highs earlier this month Makeup manufacturer Estee Lauder Companies Inc (NYSE:EL) has been in cool-down mode since hitting an all-time peak just north of the $220 region on Jan. 17, thanks in part to a post-earnings bear gap that left the equity trading right below the $200 level. Fortunately for EL, though, familiar support at the 160-day m...Read More
HYG has pulled back to a notable trendlineWe've been gauging the recent pullback in stocks that's come mostly at the hands of the coronavirus outbreak. The Dow Jones Industrial Average (DJI) is pacing for a nearly 200-point drop today, eyeing a second straight weekly loss, but from one perspective this pullback could be an entry point for bulls.For instance,Schaeffer's Senior Options Strategist Br...Read More
Oil prices are also suffering heavy lossesThe Dow Jones Industrial Average (DJI) continues to move lower today, as coronavirus headwinds linger on Wall Street. A number of big-name earnings releases remain in focus, too, including Facebook's (FB), which has the social media giant as one of the worst S&P 500 Index (SPX) stocks on the day. Meanwhile, oil prices are falling alongside equities, with...Read More
The ride share company laid off 90 employees in an effort to achieve profitability by 2021Ride share giant Lyft Inc (NASDAQ:LYFT) announced last evening that it will be laying off 90 employees -- about 2% of its workforce -- in an effort to restructure some of their sales and marketing teams and achieve profitability by next year. The stock is struggling for direction this morning, up 0.3% at $46....Read More
KO is enjoying the aftermath of its knock-out earnings reportBeverage powerhouse and Dow stock Coca-Cola Co (NYSE:KO) is enjoying a nice 2.9% post-earnings lift this morning, last seen trading neara fresh record high of $58.63. The company reported a better-than-expected fourth-quarter earnings and revenue beat, as well as topline growth after an increase in demand for its signature brand and Fuz...Read More
Traders were buying LRCX puts before the eventThe broader stock market is under pressure today, but the shares of semiconductor processing equipment specialist Lam Research Corporation (NASDAQ:LRCX) are outperforming in a big way thanks to the company's earnings release last evening. LRCX stock is trading 6.7% higher at $318.41, already tapping a fresh record peak of $319, thanks to an earnings b...Read More