AVGO could reclaim a key trendline after next weekMemorial Day weekend is right around the corner, and Schaeffer's Senior Quantitative Analyst Rocky White already gave us the best day to buy stocks during the holiday-shortened week. But what about the best-performing stocks on the S&P 500 for next week? That would be Apple supplier Broadcom Inc (NASDAQ:AVGO), boasting particularly impressive Mem...Read More
The Dow is up over 350 points middayThe Dow Jones Industrial Average (DJI) is up over 430 points midday, as doubts regarding Moderna's (MRNA) vaccine data are overshadowed by the static count in coronavirus cases, despite an ease in country-wide lockdowns. Encouraged by strong retail earnings and a fresh rise of oil prices, the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also eyeing a cl...Read More
The company is returning $43.3 million in coronavirus stimulus paymentsThe shares of CVS Health Corp (NYSE:CVS) are up 0.9% at $64.17 at last check, following news that the company is giving back $43.3 million it received from the CARES Act Provider Relief Fund. CVS chief executive Larry Merlo stated that the CVS did not ask for the funds, and in returning it "we hope to help HHS provide additiona...Read More
Johnson & Johnson has held steady during the COVID-19 pandemicThe shares of blue-chip Johnson & Johnson (NYSE:JNJ) are up 0.6% to trade at $149.93, after the company pulled its controversial talc-based baby powder --the subject of lawsuits the last two years -- from U.S. and Canadian markets. Credit Suisse is unfazed by the news, chiming in that it only makes up 0.2% of its North American sales...Read More
Target and Lowe's reported earnings today, and the results are encouraging Dow Jones Industrial Average (DJI) futures are thriving this morning, almost 300 points above fair value, after the latest earnings reports overshadow uncertainty surrounding a possible COVID-19 vaccine. Investors are encouraged by corporate reports from retail giants Lowe's (LOW) and Target (TGT), with both companies sco...Read More
Lowe's first-quarter earnings and revenue exceeded analyst's estimatesLowe's Companies, Inc (NYSE:LOW) followed its sector peer Home Depot (HD) into the earnings confessional this morning, but with much better results. The shares of the retailer are up 6% at $123.90 after the retailer posted a first-quarter profit and revenue beat, and an 11.2% rise in quarterly same-store sales, as stay-at-home o...Read More
Price action before Memorial Day tends to set the tone for the rest of the yearMemorial Day is next week, a time we remember those who have given their lives while serving in the armed forces. For many, it means parades and cookouts over the weekend -- with social distancing of course -- and the unofficial start of summer. For the stock market, it means a shortened four-day trading week. This week...Read More
By Dave KranzlerThe chart above speaks for itself. You could not find a more bullish chart set-up in the stock market. Note that the HUI/Dow ration bottomed out in late 2019 at the same level where it bottomed in late 2000. Most investors in this sector were not around for the beginning of the precious metals bull market in late 2000. But you can see the big move that started in 2008 - for which...Read More
By Keith Weiner Suppose you wanted to run an enterprise the right way (we know, we know, this is pretty far-out fiction, but bear with us). And, your enterprise has a $1 million dollar piece of equipment that wears out after 10 years. You must set aside $100,000 a year, so that you have $1 million at the end of 10 years when the equipment needs replacing. There's a word, now archaic, to describ...Read More
Craig Hemke, TF MetalsBack in March and April, a chasm opened between the dollar price of spot gold (XAU) and the front month COMEX futures contract. So-called experts reassured us that this was simply due to "logistics" and "gold being in the wrong place". Was this true, or might it have been just another set of apologies from the usual shills?We first wrote about this issue on April 7, and it...Read More
Back in March, we saw some crazy developments in the paper versus physical gold market, so much so, that New York and London went into scramble mode, and now, we're seeing the same crazy developments in silver! What are we to make of the widening spreads? Craig Hemke joins Silver Doctors Wednesday for a discussion on that, and a whole lot more.Some of the topics in today's discussion include:It lo...Read More
By: Ira EpsteinSilver has spent 5 days above its Bollinger band on the daily chart. I give it at 1% chance..Read More
According to Rick Rule, yes we are in a precious metals bull market. That means that there are huge fortunes to be made buying select gold and silver mining stocks. But you have to be extremely careful. According to Rick, there are some 1500 publicly traded zombie miners. These companies don't exist to return profits to their shareholders, but are more interested in lining management's pockets. Wi...Read More
Today Michael S. "Mickey" Fulps joins us on RTD to share his thoughts the monetary response to the economic shutdown. During this interview Mickey shares his thoughts on how the emergency measures dilutes the value in currency but the dollar will out last other nations on the race to zero.Michael S. "Mickey" Fulp is a Certified Professional Geologist with over 29 years experience as an exploration...Read More
This is an episode of The Pomp Podcast with host Anthony "Pomp" Pompliano and guest, Dave Collum, a Professor of Chemistry at Cornell University. He is a popular staple of FinTwit and writes one of the best annual summaries at the end of each year.In this conversation, Dave discusses the COVID-19 crisis, the economic crisis, the role of the Federal Reserve, the 2020 Presidential race, his Jeffrey...Read More
"More than 500 people in my village have contracted pneumonia, 11 have died, and dozens more people from my village are in hospital. In the neighbouring village 14 died in one night, they didn't manage to bury them. Continue...Read More
In an interview with Kitco News, Lior Gantz, creator of the Wealth Research Group, said that he likes silver as a short-term trade, but he is focused on gold as a store of wealth in the face of growing global recession fears due to the COVID-19 pandemic.Gantz discusses gold's role during a recession, as well as the potential for the mining sector to add value to investors.Lior Gantz has been calle...Read More
Time Stamp References:1:00 - Silver ratio waking up big institutions.2:20 - Inflation, lower interest rates, and gold.3:50 - Outlook for silver and the silver-gold ratio.5:25 - Silver's demand profile.8:40 - Comparing historical markets.12:15 - Mining sector cyclicality and greed.15:00 - Why his focus is on the commodity sector.Collin welcomes returning guest Keith Neumeyer to the program to discu...Read More
Part 1 (part 2 below)Part 2Nicholas Santiago started trading in 1991. In 1997, he became a licensed Series 7 and 63 registered representative. He successfully managed money for a large, affluent private client group. Nick is an expert in Technical Analysis. He is a highly regarded and accomplished technician in the studies of Elliot Wave, Gann Theory, Dow Theory and Cycle Theory. After applying hi...Read More
The IIF estimates that China's total debt hit 317 per cent of gross domestic product (GDP) in the first quarter of 2020.Continue...Read More