UBER was turned away at its 80-day moving averageThe shares of Uber Technologies Inc (NYSE:UBER) were last seen down 4% trading at $27.25, after it was announced Friday that a U.S. judge ordered the ride sharing behemoth to face a lawsuit claiming its "illegal predatory pricing" and other anti-competitive practices hindered competition. And today, the ride-sharing app's Eats program exited eight...Read More

Plus, Inovio's 40-day moving average has had bullish implications in the past As summer inches closer, the classic mantra "sell in May and go away" is always worth revisiting. But instead of focusing on the stocks that struggle, we took a look at the best sectors to own during the summer months, as well as one stock in particular that is flashing a historically bullish signal. More specifically,...Read More

The Dow is down around 200 points middayAs heavy-weight Walt Disney (DIS) and U.S.-China tensions permeate throughout the broader market, the Dow Jones Industrial Average (DJI) is down around 200 points midday. A steep selloff in the airline sector is also dragging stocks, with the S&P 500 Index (SPX) just below breakeven in today's session. On the flip side, the Nasdaq Composite (IXIC) is inch...Read More

Constellation Brands upped their stake in Canopy Growth to 38.6% thisThe shares of pot producer Canopy Growth Corp (NYSE:CGC) are climbing higher this morning, up 4.9% to trade at $15.97 after beverage name Constellation Brands (STZ) exercised warrants to buy shares of CGC, raising its stake to 38.6%. Jefferies chimed in, saying that the move was "financially sensible," but warning that it's still...Read More

BRKA sold its entire stakes in four major U.S. airlinesBerkshire Hathaway Inc. (NYSE:BRK.A) sent airline stocks tumbling after CEO Warren Buffet announced that the conglomerate sold its entire stakes in the four largest U.S. airlines -- Delta Air Lines (DAL), American Airlines (AAL), Southwest Airlines (LUV), and United Airlines (UAL). The company also reported a first-quarter earnings and revenue...Read More

INTC has found a short-term floor at the $57 levelIntel Corporation (NASDAQ:INTC) is making headlines this morning, after TechCrunch reported over the weekend that the chip company is reportedly in advanced talk to acquire Israeli public transit app developer Moovit for $1 billion. Moovit, whose free mobile navigation app provides transit data to more than 750 million users in 100 countries, prev...Read More

The U.S. and China are in dispute over the coronavirus originsDow Jones Industrial Average (DJI) futures are poised to open the week with a triple-digit move below fair value. Futures on the Nasdaq-100 Index (NDX) and S&P 500 Index (SPX) are also bracing for sharp losses, as investors eye a crumbling airline sector, grounded after Warren Buffett's Berkshire Hathaway dumped all of its airline s...Read More

Gold will remain firm on restarting US China trade tensions. Pre USA presidential drama has started. Trump has started blaming china for corona virus. Trump has restarted the trade war. The trade war is a political drama by Trump to divert mass attention from late reaction to CVOID crisis. There will be more such politically motivated things by Trump. Gold will remain firm till November. There c...Read More

10 years ago every “analyst” and his brother was hyping the future price of gold and I kept track of their guesses in an article entitled “Gold Going To $2500, $5000, $10000, Even More? These 148 “Analysts Think/Thought So“. None of their forecasts “panned” out (pun intended) but some are back at it again suggesting that we are going to see gold going as h...Read More

April marks a second month of truly extraordinary developmentsin markets – from negatively priced crude oil futures to a record spike inunemployment claims to a lockdown-defying rally in stocks. The financial media is touting the S&P 500’s surge of morethan 13% in April – the biggest one-month gain for the index since 1974. While stock market investors have made up a big chu...Read More

Negative oil prices isanother corona consequences that no one saw coming. A 30% drop in world oil demand due to the corona lockdown's resulting in demand falling to 70m barrels per day, whilst the producers are pumping out over 90mbd meant that storage faculties had become saturated, thus nowhere to transport new supply to. What actually triggered the collapse was the expiry of May NYMEX oil futur...Read More

Theaction in silver is really interesting. Let’s check the prospects for volatilewhite metal, and the relevant historical analogy it offers. Is the major 2008 –2020 analogy in terms of price moves remains intact? In short, yes. SilverShares Its Two CentsSilverplunged to our initial target level and reversed shortly after doing so. It wasfor many months that we’ve been featuring t...Read More

I think the case is closed, or it should be closed. But with firmly ingrained perceptions passed down from one generation of inflationist gold bugs to the next, you never know. Remember the old dismissive “gold is silver is copper is tin is oil is hogs” line from the 2003-2008 time frame? Probably not, but I remember it because it was me saying it against an army of inflationist commod...Read More

Agora Financial's Byron King and John-Mark Staude of Riverside Resources offer their viewpoints on markets during the COVID-19 pandemic in this conversation with Maurice Jackson of Proven and Probable.Maurice Jackson: Today, we will seek to discover the true price of gold and silver and prospect generators. Joining us for a conversation is Byron King of Agora Financial, along with Dr. John-Mark St...Read More

The metals complex showed relative stability this week asthe oil market suffered a historic meltdown. West Texas Intermediate Crudecrashed 70% at one point this week on the continuous contract, bringing pricesbriefly below $7 per barrel. By Thursday, prices were trading between $14 and$18 per barrel.The volatility on the May futures contract was even moreextreme. On Monday, May futures for crude o...Read More

A summary of the financial results of German metals distributor Kl??ckner & Co for the first quarter of 2020.In brief Continued weakness in the automotive, machinery and energy sectors, especially in Germany and the United States, weighed on Kl??ckner's results for the first quarter of 2020 Around 90% of Kl??ckner's branches are still operational, with the majority of closures in France&...Read More

It is reasonably well known that many Romanemperors debased their currency (coinage). This was a very bad practice, sinceit is really a reflection of the debasement of the value of the kingdom (empireor country); going from a honest and just society to a corrupt and unjustsociety.One of the reasons (effects) of debasing thecurrency was the transfer of wealth from the citizens to the ruling class....Read More

Here are five Fastmarkets stories you might have missed on Monday May 4 that are worth another look.Flat-rolled steel import prices were mostly stable week on week in South America on Friday May 1, after deals became scarce and negotiations for June-shipment cargoes finished with low interest from clients.The European Commission's (EC) antitrust authorities granted Europe's largest copper smelter...Read More

TECHNICAL SCOOPCharts and commentary by David ChapmanChief Strategist, Enriched Investing Inc.Phone: 416-523-5454 Email: david@davidchapman.comdchapman@enrichedinvesting.comTwitter: @Davcha12May 4, 2020 "COVID-19. A pandemic or a surveillance and banker's dream? Anthony T. Hincks, aka Anthony Hawes, author, An Author of Life, Volume 1, and many more "Who benefits from all the money that is b...Read More

The gold miners’ stockssurged to a major bull-market breakout this week!  Powering decisively above their years-oldsecular resistance is a hugely-important technical event.  It proves this gold-stock bull is alive andwell, greatly improves sentiment, and puts this high-flying sector on countlessmore traders’ radars.  New bull highs fuelself-feeding bullish psychology, as...Read More