By: Ira EpsteinT.A. LOOK: Gold monthly chart: momentum pointing down, trend is up. Weekly chart: $1,535 / 18 week moving average was the support and it basically hit it on Friday. Weekly uptrend is over. Does not mean the market is bearish..Read More
Gary SavageCrash webinarI will do a webinar Tuesday morning outlining why this market crash occurred, the tools I used to predict it ahead of time, a brief tutorial on cycles, and where I think we're going from here (we're due for a convincing bounce soon) and also what I think is in store for the metals market over the next month. The price of the webinar is $50 this will include a 1 month sub...Read More
Gold rose to high of $1574.80 and silver rose to a high of 1524.50 after the Federal Reserve slashed interest rates to near to and pledged hundreds of billions of dollars in asset purchases. Interest rate option is also now over for the Federal Reserve after this interest rate cut. There is more or less a global lockdown. There was a mad rush for cash. Traders and investors alike sold everything...Read More
Gary SavageCrash webinarI will do a webinar Tuesday morning outlining why this market crash occurred, the tools I used to predict it ahead of time, a brief tutorial on cycles, and where I think we're going from here (we're due for a convincing bounce soon) and also what I think is in store for the metals market over the next month. The price of the webinar is $50 this will include a 1 month sub...Read More
Gold rose to high of $1574.80 and silver rose to a high of 1524.50 after the Federal Reserve slashed interest rates to near to and pledged hundreds of billions of dollars in asset purchases. Interest rate option is also now over for the Federal Reserve after this interest rate cut. There is more or less a global lockdown. There was a mad rush for cash. Traders and investors alike sold everything...Read More
The gold mining etf, GDX continues to show promising signs both in absolute and relative performance terms, pointing to more upside ahead.Read full newsRead More
Granada Gold Mine Inc. (CVE:GGM) shareholders will doubtless be very grateful to see the share price up 33% in the...Read full newsRead More
Oil and gold also began the week with big lossesThe Dow began the week deep in the red, turning in its worst percentage loss since 1987. The blue-chip index plunged nearly 3,000 points -- hitting its lowest point since April 2017 -- even after the Federal Reserve cut interest rates to nearly zero to help offset the damage done by the coronavirus. The S&P 500 and Nasdaq both joined the Dow with lo...Read More
A surging demand for Clorox products has put analysts on high alert With the massive demand for hand sanitizer, trash bags and other cleaning products wiping the headlines, its no surprise that Clorox Co (NYSE:CLX) is one of the few stocks bucking the broadmarket trend today. The equity is up 2.9% at $172.44, set to close back atop its 20-day moving average after a brief dip below here late last...Read More
UBS Group cut its price target on FedEx to $141 from $187With earnings due out after the close tomorrow, March 17, FedEx Corporation (NYSE:FDX) is struggling to overcome today's steep selloff, last seen down 11.6% at $94.24. Not helping matters is a price target cut from UBS Group to $141 from $187, though this new forecast still stands much higher than FDX's current perch. UBS' bear note puts t...Read More
Most analysts remain skeptical, thoughEverywhere you look on Wall Street, stocks are swimming in red ink. However, one Dow name that's hanging on so far today is Caterpillar Inc. (NYSE:CAT), up 0.3% to trade at $99.21, after Stifel issued an upgrade to "buy" from "hold." Although the analyst in coverage trimmed its price target to $137 from $140, they noted that much of the bad news for CAT is al...Read More
Dieppe, New Brunswick-(Newsfile Corp. - March 16, 2020) - Colibri Resource Corporation (TSXV: CBI) ("Colibri" or the "Company") is pleased to announce that Major Drilling has completed Phase 1 drilling at the Evelyn Gold Project located 60 km NW of Caborca Mexico. The initial 5-hole diamond drilling program measured a total of 815.6 meters inRead full newsRead More
Lockheed Martin's CEO Marillyn Hewson just announced her resignationLockheed Martin Corporation (NYSE:LMT) is down 5.6% to trade at $310.44amid news that the security and aerospace company's CEO, Marillyn Hewson, will be stepping down on June 15, replaced by tapped board member and American Tower Corp leader James Taiclet. Robert Stallard of Vertical Research chimed in saying that with Hewson acti...Read More
"NexTech AR (@NexTech_AR) (#OTCQB: $NEXCF | #CSE: $NTAR) To Acquire Work-At-Home Remote #Virtual Events #Webcasting Software Company [https://t.co/8uYWZa0aEf]#investing #stocks #stockmarket #trading #investors #news #investing #business #investments #tech #technology #VR #AI"Read full newsRead More
BNN Markets: Stocks, Canadian markets data, North American markets, S&P, TSX, Nasdaq, VentureRead full newsRead More
Major indexes are still in the redThe Dow Jones Industrial Average (DJI) is extending its losses this afternoon, continuing to give back the ground it gained on Friday's bounce -- down around 1,700 points at last check. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are still deep in the red as well, though losses were pared slightly after Wall Street's selloff triggered another circuit break...Read More
Apple stock is lower amid store closures and a $1.2 billion antitrust fineShares of Apple Inc (NASDAQ:AAPL) are down 8%, last seen trading at $255.67 after the tech giant closed all of its retail stores for the next two weeks to minimize the spread of the coronavirus, save for its 42 stores in China that reopened on Friday. Separately, news that the iPhone maker was fined a record $1.2 billion by...Read More
American Airlines is cutting 75% of its international flights through May 6American Airlines Group Inc (NASDAQ:AAL) is zooming lower this morning, following a brief respite last Friday, after the flight concern said they would slash 75% of its international flights through May 6 as a response to the dwindling demand for air travel. The news has AAL down 13.5% to trade at another record low of $12....Read More
On INK Ultra Money, Global Macro Investor and Real Vision CEO Raoul Pal provides an update on his outlook for markets. As usual, he does not pull any punches. Given how Pal has more-or-less been spot on with his forecasts since last summer regarding how markets would unfold, this is a must watch video. One of his calls that has yet to play out is bitcoin and he provides an update on that. Meanwhi...Read More
The Fed's stimulus efforts are doing little to prop up stocks in pre-market tradingDow Jones Industrial Average (DJI) futures are on their way back down this morning following last weekend's wave of regional shutdowns sparked by the rapidly spreading coronavirus. Notably, Apple (AAPL) announced the closure of its retail stores until March 27. The news caused the blue chip index, S&P 500 Index (S...Read More