There are two new all-time highs on the S&P 500 today: Clorox (NYSE: CLX) and Dollar General (NYSE: DG).Clorox has a P/E of 27.50 and a forward dividend of 2.41%. And, truth be told, it's had a nice 10-year run:Clorox has averaged 14.23% annually over the last 10 years; that's better than Kimberly-Clark, Procter & Gamble, and the S&P 500. In 2008, during the start of the last recession, CLX was...Read More
Dr. Ron PaulLast week, the Federal Reserve responded to Wall Street's coronavirus panic with an "emergency" interest rate cut. This emergency cut failed to revive the stock market, leading to predictions that the Fed will again cut rates later this month.More rate cuts would drive interest rates to near, or even below, zero. Lowering interest rates punishes people for saving, thus encouraging co...Read More
Clint SiegnerExtreme volatility in the equity markets has investors wondering what to expect. Even the hardiest of stock market bulls are finally asking some serious questions about whether the top is in.Stocks have long been priced for perfection and suddenly conditions are looking far from perfect. The coronavirus may be the pin which pricks the latest Fed-blown bubble.Precious metals investor...Read More
By Robert LambourneAccording to its recently published February statement of account, the Bank for International Settlements, which represents most central banks, appears to have increased its position in gold swaps and gold-related derivatives by 6 tonnes over its position at the end of January, bringing it to an estimated 326 tonnes.The bank's use of gold swaps and derivatives has risen by mor...Read More
By: David HaggithYesterday was the greatest crash in Wall Street history by one measure, and took down many other milestones. The Dow plunged 2,012 points in its largest single-session drop on record! Percentage-wise it was down 7.8%, which still knocked out decades of lows, leading to "Black Monday" being the hot search term on Google today as people sought a comparison worthy of this Monday...Read More
By: Ira EpsteinGold's vertical rise shows its power. 18-dma is $1628, Bollinger bands is up near $1700.Read More
Maurice Jackson of Proven and Probable speaks to Bob Moriarty of 321gold about his thoughts on the current financial markets and investment opportunities. Maurice Jackson: Welcome to Proven and Probable. Today, we will discuss the Fed, the coronavirus and your investment portfolio.Joining us for a conversation is Bob Moriarty, a world-renowned, best-selling author and founder of the websites 321G...Read More
Extreme volatility in the equity markets has investors wonderingwhat to expect. Even the hardiest of stock market bulls are finally asking someserious questions about whether the top is in.Stocks have long been priced for perfection and suddenlyconditions are looking far from perfect. The coronavirus may be the pin whichpricks the latest Fed-blown bubble.Precious metals investors have been prepari...Read More
The baseline case for gold 320 ADWe sometimes forget that inflation is a process rather than an event. One of the better-known examples of that axiom is the nearly two centuries-long debasement of Rome’s silver denarius – an inflationary episode Jack Whyte, a writer of historical fiction, skillfully addresses in his latest novel, The Burning Stone.Set in Great Britain in the fourth cen...Read More
Dr. Ron PaulLast week, the Federal Reserve responded to Wall Street's coronavirus panic with an "emergency" interest rate cut. This emergency cut failed to revive the stock market, leading to predictions that the Fed will again cut rates later this month.More rate cuts would drive interest rates to near, or even below, zero. Lowering interest rates punishes people for saving, thus encouraging co...Read More
Clint SiegnerExtreme volatility in the equity markets has investors wondering what to expect. Even the hardiest of stock market bulls are finally asking some serious questions about whether the top is in.Stocks have long been priced for perfection and suddenly conditions are looking far from perfect. The coronavirus may be the pin which pricks the latest Fed-blown bubble.Precious metals investor...Read More
By Robert LambourneAccording to its recently published February statement of account, the Bank for International Settlements, which represents most central banks, appears to have increased its position in gold swaps and gold-related derivatives by 6 tonnes over its position at the end of January, bringing it to an estimated 326 tonnes.The bank's use of gold swaps and derivatives has risen by mor...Read More
By: David HaggithYesterday was the greatest crash in Wall Street history by one measure, and took down many other milestones. The Dow plunged 2,012 points in its largest single-session drop on record! Percentage-wise it was down 7.8%, which still knocked out decades of lows, leading to "Black Monday" being the hot search term on Google today as people sought a comparison worthy of this Monday...Read More
By: Ira EpsteinGold's vertical rise shows its power. 18-dma is $1628, Bollinger bands is up near $1700.Read More
We have only begun to see the DEVASTATION of this Global Contagion. Steve St. Angelo explains...by Steve St Angelo of SRSrocco ReportBlack Monday hit Wall Street in a BIG BLOODY WAY today. With oil being the main driver of the economy, U.S shale stocks lost nearly half of their value... IN ONE SINGLE DAY. That's correct, the average decline from eight of the top U.S. shale companies saw their...Read More
Yesterday alone, over 75% of annual global silver production traded on the COMEX. Harvey explains...by Harvey Organ of Harvey Organ BlogMARAH 9/DUAL BLACK SWAN EVENTS: 1) THE CORONAVIRUS AND 2/ RUSSIA REFUSES TO CUT PRODUCTION: GOLD UP $1.50//SILVER DOWN 23 CENTS//WAR IN THE OIL PATCH//GOLD CLOSES UP $1.50//SILVER DOWN 23 CENTS//CORONAVIRUS UPDATE//SWAMP STORIES//GOLD:$1675.00 UP $ 1.50 (COM...Read More
(IDEX Online) - The MJSA Expo and JA New York Spring events have both been canceled at five days' notice, because of coronavirus fears in New York.The MJSA Expo, the longest-running jewelry trade show in the USA, which last year attracted 3,000 buyers, says it hopes to announce new dates soon.JA New York Spring, which attracts 600 jewelry brands, designers and suppliers, says it has two...Read More
(IDEX Online) - Star Diamond Corporation is to sue Rio Tinto over a joint venture, accusing it of "bad faith predatory practices".The two Canadian companies joined forces in 2017 to establish Star-Orion South, the first commercial diamond in Saskatchewan province.But Star Diamond, the smaller partner in the agreement, claims Rio Tinto has overspent on exploration, failed to share "any meaningful d...Read More
(IDEX Online) - Alrosa, Russia's leading diamond miner, today blamed weak demand for a 21 per cent drop in revenue and a 31 per cent slump in net profit for 2019.It released financial results days after announcing it would cut supply to match the falling demand due to the coronavirus epidemic.Sales were down 12 per cent because of "weaker demand in the rough and polished diamonds market," Alr...Read More
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