Citi is concerned about Micron's inventory levelsChipmaker Micron Technology, Inc. (NASDAQ:MU) is down 0.5% at $41.31 this morning, after an analyst at Citigroup reiterated a brutal bear note. Christopher Danely reaffirmed the brokerage's "sell" rating and $30 price target, stating current inventory levels have reached record levels, leaving the stock at risk for lower earnings per share (EPS) an...Read More

Brinker International will report earnings before the open on TuesdayRestaurant stock Brinker International, Inc. (NYSE:EAT) has been underwhelming on the charts this year, giving back more than 9% in 2019. However, Evercore ISI came in this morning with a bull note, raising its price target to $42 from $40. The brokerage firm said same-store sales is the number to watch for the Chili's owner, add...Read More

Capri-owned Versace apologized after putting out a T-shirt mistaking Hong Kong and Macau as countries Capri Holdings Ltd (NYSE:CPRI) was in hot water over the weekend, after its Versace wing put out a T-shirt misidentifying Hong Kong and Macau as countries. The shirt came under scrutiny on Chinese social media, and has since been taken down, with an apology from Artistic Director Donatella Versace...Read More

Hong Kong's airport cancelled all departures amid the escalating protests Dow Jones Industrial Average (DJI) futures are signaling a triple-digit drop for the blue-chip index this morning, as geopolitical tensions in Asia weigh on Wall Street. In addition to lingering trade tensions with China -- including a round of tariff tweets from President Donald Trump over the weekend -- escalating protest...Read More

All important factors are finally putting tremendous pressure on the USDollar. The weak economy will result in lower interest rates, thus more downward USD pressure. The enormous USGovt debt will result in further bond dumps in addition to trade settlement outside the USD, thus more downward pressure. The resentment for threatened hot wars, trade wars, economic sanctions, and SWIFT obstructions...Read More

Aug. 9th, 2019(S14-E708)Featured GuestsDr. Stephen Leeb &Arch CrawfordPlease Listen HereInterview RecapArch Crawford, head of Crawford Perspectivesfor 42 consecutive years rejoins the show.Arch's analysis indicates "the best gold buying opportunity in several years... add positions NOW!."If the recent breakout holds as expected, "... the upside could carry gold above $2,000-$3,000+." Slowing...Read More

David HaggithOh my gosh, what a load of BULL I keep reading among the gurus who whine about negative headlines and complain that this unmerited negativity is the only thing that is killing the bull market. Bull.The bellowing bulls cry every time someone runs a negative headline, "Stop, you're breaking our bull market with your negativity. That is the only reason it is going down." The real truth...Read More

By Avi GilburtThe Fed. The China trade deal. The House of Representatives impeachment proceedings. The Iranian aggression. North Korea firing missiles. Slowing growth in the world economy. As you can see, there are many issues worrying investors today. And, as the market moves up and down through these large gyrations these last two weeks, one excuse is paraded out after another.When the market...Read More

Bulls might want to wait until a VIX close below its 200-day for an "all-clear""In other words, the option forces related to big put open interest strikes will not be in play if the 290 strike is breached between now and expiration Friday on Aug. 16, reducing the odds of a sharp sell-off driven in part by the options market."-- Monday Morning Outlook, August 5, 2019Famous last words, huh? In last...Read More

America has been gripped with violence for decades. While this is nothing new, the large number of mass shootings in 2019 is part of a growing trend over the last five to ten years. While some politicians seek to exploit every tragedy to push their own agendas, political gridlock prevents much of anything from being done on the national level. The Babylon Bee published a humorous graph illustratin...Read More

New Gold posted revenue of $155.1 million for Q2'19, down 20.6% from the same quarter a year ago and down 7.6% sequentially.Production was 132,556 Au Eq. Oz in 2Q'19. Rainy River is now well-positioned to deliver on its 2019 objective.The company announced on August 8, a C$150 million Bought Deal Financing.I recommend to be careful here and wait until the effect of such equity financing m...Read More

"Silver is going to be a home run. It actually just started..."Greg Hunter of USAWatchdog interviews Bill MurphyBill Murphy, Chairman of the Gold Anti-Trust Action Committee (GATA) is most bullish on silver. Murphy says, "For anyone that wants to get involved in precious metals, silver is going to be a home run. It actually just started. . . . Gold goes first because the physical market is tight....Read More

RAPAPORT... Revenue from Angola's national diamond-trading company,Sodiam, rose 3.9% year on year in the second quarter, with the government separately noting an increase in prices. Prices of Angola's diamonds have increased since the implementation of the country's new, more competitive diamond-trading policy last year, the government said in a Facebook post last week. That program allows mi...Read More

RAPAPORT... India's polished-diamond exports slid 18% year on year inJuly, reaching their lowest level since December 2018. The decline reflected aslowdown in the midstream sector as manufacturers struggled to offload excess goods. Rough trading alsodropped significantly, according to data from the Gem & Jewellery ExportPromotion Council. India Trade Data for July 2019Read More

RAPAPORT... Sarine Technologies saw a sharp decline in revenue duringthe second quarter, as an oversupply in the midstream led to lower sales of manufacturing equipment. Sales fell 35% year on year to $11.6 million for the threemonths ending June 30, the Israel-based company said last week. Revenue fromIndia -Sarine's largest market - dropped 32% to $8.2 million. Sales inAfrica plunged 63% to...Read More

Macauhub, an online news service, reported that the share capital held wholly or partially by the government of Angola in 195 different companies will be sold between 2019 and 2022, under the Privatization Program, published in the Diario da Republica official bulletin, as per the Portuguese-language Jornal de Angola. The program states that 175 companies will be sold via public tender, 11 by publ...Read More

Insideretail.asia reported that LVMH has bought a cornerstone share in Stella McCartney House. Full details of the deal will be released in September, however LVMH has confirmed Stella McCartney will continue as creative director and ambassador of her brand, while holding majority ownership. LVMH's archrival house Kering previously held a stake in Stella McCartney House until the celebrity bo...Read More

The luxury market analyst Pam Danziger, writing for Forbes, reported that a new study argues that Millennials are about to radically transform the luxury market by 2025. What Millennials expect from luxury brands is radically different from previous generations, she wrote. The study was by Boston Consulting Group (BCG) and Altagamma,  and concerns the United States and China, the world's...Read More

RAPAPORT... Long before the threat of tariffs on Chinese goods loomed large,brick-and-mortar retailers in the US were facing challenges. So far this year,US retailers have announced plans to shut down over 7,000 stores after almost6,000 closed in 2018, according to research and advisory firm CoresightResearch, which estimates that the total could climb as high as 12,000 by theend of the year.With...Read More

Quality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumSouthern received a construction licence in July to build its controversial US$1.4 billion Tia Maria mine which has planned production of 120,000 tonnes of copper a year for 20 years.Southern said at the time it would not start construction until it had support from local communities, and communities immediately launched...Read More