Is Paul Volker a legend or a myth? He's largely credited as the man who broke the back of inflation. While he vigorously attacked inflation through double digit interest rates, but that was after the Fed had dramatically raised the money supply and caused the inflationary wave we were suffering through. History will be the judge of interest rate manipulation.Read More
The real market story right now on Wall Street has to do with the Fed, and it's not getting anywhere near the attention it deserves.Continue...Read More
It's rare that I read something on the Washington Post that I don't find highly biased, even repugnant. But with their recent article on the Afghanistan PapersContinue...Read More
"Soros is hardly a Jew. I'm more of a Jew than Soros is. I probably know more about - he doesn't go to church, he doesn't go to religion - synagogue. He doesn't belong to a synagogue, he doesn't supportContinue...Read More
Holiday shopping set records this past weekend, with Super Saturday sales reaching $34.4 billion, the largest single day in U.S. retail history, according to Customer Growth Partners.Continue...Read More
On a day when most Americans are spending time with family and friends, gold logged a significant breakout on its chart. Continue...Read More
When we say gold is up or down, you always have to ask a second question: since when? Continue...Read More
For full ownership, the earn-in period is two years. Newrange Gold Corp. (NRG:TSX.V; NRGOF:OTC) announced in a news release it entered an agreement to earn in 100% of AurCrest Gold's Western Fold property in Ontario's Red Lake District."We see the Western Fold property option as a low cost and potentially high reward opportunity for the company while we continue to advance our flagship Pamlico pr...Read More
The latest findings are reviewed in an Echelon Wealth Partners report. In a Dec. 16 research note, Echelon Wealth Partners analyst Ryan Walker reported that Osisko Mining Inc.'s (OSK:TSX) recent drill results showed the "Lynx zone growls." The Lynx deposit is part of Osisko's Windfall Lake gold project in Quebec. Walker reviewed the new results, which are from one surface and six wedge holes at L...Read More
The thin trading session had the Dow pulling back from yesterday's record highFollowing a morning of solid gains, the Dow wound up reversing direction to close the shortened Christmas Eve session modestly lower. The S&P also slipped, with both indexes coming off yesterday's record highs. The Nasdaq, however, clocked a 10th consecutive win and hit fresh highs, despite rather muted price action all...Read More
The 80-day moving average has captured recent downside on FXIThe recent "phase one" trade deal with China has been a boon for U.S. equities, particularly those deemed "trade sensitive" stocks, names like chipmaker Nvidia (NVDA) and tech giant Apple (AAPL). Many of these securities have seemingly been given the "all clear" sign from bulls following the positive geopolitical developments, breaking o...Read More
Uber stock is higher today after Travis Kalanick said he would be stepping down from the board of directorsRide-hailing concern Uber Technologies Inc (NYSE:UBER) is inching higher today after the company's founder Travis Kalanick said he would be stepping down from the board of directors in order to focus on his new food delivery business and philanthropic endeavors. This announcement comes right...Read More
Short-covering could help CNX riseIn his latest Indicator of the Week, Schaeffer's Senior Quantitative Analyst Rocky White took a look at stocks that may have short-covering upside when the calendar turns to 2020. One name to watch out for is Pennsylvania-based CNX Resources Corp (NYSE:CNX), which is hoping to turn things around on the charts in the coming year.CNX stock is set to close 2019 with...Read More
There's room for more bullish analyst attention to boost the medical device makerWhile its quiet on most of Wall Street today on Christmas Eve, don't tell that to Microbot Medical Inc (NASDAQ:MBOT). The stock is up 41.8% to trade at $14.34, after H.C. Wainwright boosted its price target to $12 from $10. But what's more likely to be driving gains is yesterday's news that the company plans to unvei...Read More
RBC lifted its price target on AMD to a street high of $53A bull note from RBC helped lift the shares of semiconductor name Advanced Micro Devices, Inc. (NASDAQ:AMD) this morning. The stock is up 1.3%, now trading at a 12-year high of $46.06, after the analyst raised its price target to a Street high of $53 from $50. The broker also hiked it full-year forecast in order to reflect strengthening dat...Read More
Whata classic day Friday was! Gold moved a bit lower, miners moved significantlylower, and silver rallied. Truly classic and outstanding performance if oneenjoys seeing topping patterns that are playing out according to their usualand likely characteristics. And Monday’s early session seems to be an encore. Let’sstart with the examination of the most recent price action in gold. Whatwe...Read More
ACB has shed 60% in 2019Weed specialist Aurora Cannabis Inc (NYSE:ACB) is up 1.5% this morning at $2.04, despite receiving a downgrade to "hold" from "buy" out of Jefferies yesterday afternoon. Interestingly enough, the downgrade came on the heels of news the company's Chief Corporate Officer (CCO) Cam Battley has resigned, and yesterday's announcement it has created steps to reduce debt and boos...Read More
Gold and silver are bullish at the moment and can rise further. The more the rise, the more will be short covering and increase in long positions. This a golden Christmas for gold bulls but not so golden Christmas for the masses. Central bank are eating away are hard earned by using inflation as a policy measures for decision making. Inflation is nothing but price rise. Salaries are stable for m...Read More
The stock market will close at 1 p.m. ET todayThe holiday-shortened week started with another record close, and Dow Jones Industrial Average (DJI) futures are set to add more gains this morning. The S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are also on pace for positive opens today, although the news slate is bare and trading volume is likely to be low, with markets closing at 1 p.m. ET fo...Read More
Support remains at the 20-day moving averageSoftware name Sea Ltd (NYSE:SE) has more than tripled in 2019, and over the last few months have been on a steady trend higher. With a layer of support embedded in the rising 20-day moving average and the peak call open interest expiring at the December 40-strike, now looks like the perfect opportunity to bet on SE's next leg higher. In the options pit...Read More