LabCorp's at-home test was approved by the FDA fro emergency use Laboratory Corp. of America Holdings (NYSE:LH) is higher this morning after the Food and Drug Administration (FDA) granted emergency use authorization to its COVID-19 at-home test kit. Healthcare workers are taking priority, while the company intends on making the kits available to the greater public in "coming weeks." In response,...Read More

Travelers Companies reported profits of $2.62 per shareShares of Travelers Companies Inc (NYSE:TRV) are up 2.6% to trade at $104.46 this morning, despite the company reporting a first-quarter earnings miss. The company reported profits of $2.62 per share and revenue of $7.35 billion, lower than Wall Street's anticipated $2.85 per share and $7.42 billion. CEO Alan Schnitzer says the industry will b...Read More

The company predicts the coronavirus lockdown will bruise its second-quarter sales While Coca-Cola Co (NYSE:KO) entered the earnings confessional this morning with first-quarter profits and revenue that exceeded analysts estimates, the shares of the soda giant are slipping in early market trading. KO is down 4.6% at $44.38 after the company also predicted its current-quarter sales would take a hit...Read More

There's earnings and political gridlock to unpack today as wellAfter a dismal start to the week, Dow Jones Industrial Average (DJI) futures are pointed sharply lower again this morning. The historic collapse of oil prices has rattled investors everywhere, with expiring May-dated crude futures sitting in negative territory last seen at -$4.00 per barrel. Futures on the Nasdaq-100 Index (NDX) and...Read More

By: Gary SavageThe market top is next not going to happen until May, maybe in June..Gary Savagehttps://blog.smartmoneytrackerpremium.com/Read More

Even the most casual silver investor must be discouraged with what has happened to silver prices recently. But what about those who were/are super bullish? How do they feel?As I read various reports and articles, I sense some back peddling on the more extreme predictions which were so prevalent just shortly more than a month ago. On the other hand, I also sense a reluctance to let go; to just admi...Read More

By: Ira EpsteinGold losing momentum and changing into a negative state..Read More

Gold and silver should rise after crude oil bust up. First casualty of the crude oil bust as Singapore Police probe Hin Leong After $800 Million Oil Losses. There will be more. I remember in 2009 during the natural gas price bust, a lot of hedge funds vanished. Red Kite and copper everyone one remembers. There will be a lot energy traders who have been busted. Large hedge funds and state backed...Read More

Imagine, if you will, there was nocoronavirus. No haz-mat suits, medical masks & gloves, no make-shiftmorgues. No terminally ill patients hooked up to ventilators, no horribledeaths without love ones close, no lockdowns, no social distancing, no desertedstreets, no bailouts, no emergency wage supplements, just a regular spring withbirds chirping and flowers blooming. Of course there is no...Read More

The lockdowns imposed due to the Covid-19 pandemic were offering automotive manufacturers a rare opportunity to take a step back and to re-evaluate their long-term strategies, the chief executive officer of Eurasian Resources Group has said.Benedikt Sobotka said that although the world is currently facing distressing times, it was also a chance to restructure supply chains and to take more decisiv...Read More

The greenback exerts powerful influence on theprecious metals – that has been the case yesterday, and it unsurprisinglycontinues to be so also today. So, what message is the USDX sending out rightnow?USD Index in the SpotlightWe’ll open up with a quote from yesterday’sAlert (by the way, please remember that all charts areexpandable/clickable):Looking at the 4-hour candlestickchar...Read More

The metals markets are being pulled in multiple directionssimultaneously like never before. The global virus-triggered economic freezehas caused industrial demand for all commodities to crater. At the same time, mining output is also crashing as virus fearsforce many mines around the world to suspend operations.What is the “right” equilibrium price for copper, silver, go...Read More

One of the many bothering issues about the coronavirus crisis, is whether it will turn out to be inflationary or deflationary. What do both of these scenarios mean for gold ahead?US Inflation Rate Declines in MarchMany people are afraid that the coronavirus crisis will spur inflation. After all, the increased demand for food and hygiene products raised the prices of these goods. Moreover, the supp...Read More

Our Adaptive Fibonacci Price Modeling system incorporates anintelligent “Inference Engine” into internal decision-making and futureanalysis.  This type of “Adaptive Learning”is one of the core elements of Artificial Intelligence – the ability to readinputs, adapting to price structures and setups and infer expectedoutcomes/results based on a complex decision-maki...Read More

Due to several recent events, including a price war initiated by Russia, the price of oil has declined to record-low levels these past couple of weeks. Subsequently, the price decline resulted in a massive worldwide panic which pushed the price down even further. While the panic might reasonable and based on a real fear of what the situation might lead to, there are still ways that investors can p...Read More

Recent shifts in the markets suggest gold prices are about to breakout in the same manner as they did over the summer last year.The price of gold is a small distance away from the March highs ahead of the North American open on Monday and a fresh seven-year high looks to be probable.Many factors impact the price of gold but there are few specific things that I am looking at that lead me to believe...Read More

By Craig HemkeAfter watching front month NYMEX crude oil futures collapse into negative pricing on Monday, you should be sure to consider the possibility of an exact opposite scenario playing out one day soon in COMEX gold futures. What happened Monday in NYMEX crude oil? It can be summarized this way: The May20 crude oil contract was scheduled to go off the board and into delivery on Tuesday, A...Read More

Graceland UpdatesBy Stewart Thomson 1. The US stock market is once again in imminent danger of a major collapse. Please click here now. Double-click to enlarge this disturbing daily chart of the Dow.2. A rally towards resistance has taken the shape of a bear wedge. The rally failed to even reach that resistance zone, and now there's an ominous breakout to the downside.3....Read More

By Keith Weiner In mainstream economic thought, there is one primary way that the economy can go screwy. Prices can rise too fast, and this is called bad inflation. This is to be contrasted with good inflation, when prices are rising at the Goldilocks-just-right rate. Diehard Keynesians (and monetarists) do fret about falling prices. But as Ben Bernanke's infamous "helicopter money" speech demo...Read More

By Steve St. AngeloWhile I forecasted Negative oil prices were on their way last month, it's still SHOCKING to see it happen to such a degree. Today, the May WTIC futures contract saw the price drop to a stunning NEGATIVE $38 a barrel. Gosh, I thought we might see slightly negative oil prices, especially in the Canadian Oil Sands or Shale Oil, but I never imaged it falling to $38 with a MINU...Read More