By: Ira EpsteinGold is strong, hard to break it. A lot of money printed and about to be printed and I think this got the gold market's attention:Read More
ELKO, Nevada, April 30, 2020 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU) today is pleased to announce that it will hold electronic investor update webinars throughout May hosted by CEORoadshow. Mr. Edward Karr, President & CEO will update attendees and USAU shareholders on the outlook for the Company and will be available for questions after the initial presentation.Mr. Karr states, "In...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
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
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
Ira EpsteinGold's daily chart shows a pattern of an inside consolidation defined by the short-term swing lines..Read More
I expect some more additional stimulus measures today. Federal Reserve will copy its counter parts of bank of Japan and bank of England on additional stimulus measures. European central bank meeting tomorrow will have least impact on gold and silver. It can impact Euro versus the US dollar and Euro versus the Yen. In the month of May more and more nations will allow factories and businesses to f...Read More
June-dated crude rose 22% for first gain in three sessionsThe Dow marked a healthy session, up over 530 points, as investors cheered upbeat trial data from Gilead Science's (GILD) potential coronavirus treatment. In fact, all three major indexes managed to hold on to this morning's optimism, after the Federal Open Market Committee's (FOMC) April meeting statement said that interest rates will rema...Read More
Weekly calls are all the rage todayGilead Sciences, Inc (NASDAQ:GILD) has been the darling of Wall Street today, after a study conducted by the National Institute of Allergy and Infectious Diseases found that its experimental coronavirus drug remdesivir met its primary endpoint. Now, emergency use of the drug awaits approval from the Food and Drug Administration (FDA), which could come as soon a...Read More
Facebook is expected to post its quarterly results after the close this afternoonThe shares of Facebook Inc. (NASDAQ:FB) are extending their rally today, up 7.4% at $196.52, in anticipation for the social media giant's first-quarter earnings report, due out after the close this afternoon. The security is up an impressive 43% off its mid-March lows, with help from its ascending 10-day average, and...Read More
The security has found plenty of support on the charts as it chugs higher Network operator Ciena Corporation (NYSE:CIEN) has seen some impressive price action on the charts of late. After breaking back above a long-term trendline, the shares are forming a bull flag pattern around $46, which is three times its 2016 lows. After being turned away from here on its first few attempts, there's support i...Read More
AMC said it would no longer screen Comcast subsidiary Universal Studio's movies Movie theater giant AMC Entertainment Holdings Inc (NYSE:AMC) is on a roll this week, snatching up multiple one month highs and on its way to its biggest weekly win in over 20 years, up 67.6% so far. The equity is extending that rally into today, up 23.2% at $5.10, amid news that it will no longer play Universal Studi...Read More
Oil prices are on the mend as wellAs Wall Street unpacks earnings in waves, the Dow Jones Industrial Average (DJI) was last seen up almost 500 points at midday. The Nasdaq Composite (IXIC) and S&P 500 Index (SPX) are also on the uptrend -- riding the coattails of one FAANG name's impressive quarterly report -- despite GDP experiencing a 4.8% first-quarter drop, its largest since 2008. Follo...Read More
Starbucks posted an earnings miss, but revenue that came in higher than expected The shares of Starbucks Corporation (NASDAQ:SBUX) are down 0.4% at $78.39 this morning, after reporting fiscal second-quarter earnings of 32 cents per share, which came in below Wall Street's estimates, but revenue of $6 billion that exceeded expectations. Starbucks also forecast a 25%- 35% drop for its current-quarte...Read More
GOOGL reported higher-than-anticipated revenueShares of Alphabet Inc (NASDAQ:GOOGL) are up 7.8% to trade at $1,328.66, climbing on the heels of a higher-than-expected first-quarter revenue, despite a notable decline in ad sales. The Google parent also announced profits of $9.87 per share, lower than the estimated $10.33 per share. Analysts have been quick to react, as no fewer than 13 firms have r...Read More
Uber's Chief Technology Officer Thuan Pham will step down from his position next monthIt's a big day of headlines for Uber Technologies Inc (NYSE:UBER). The ride share company's Chief Technology Officer (CTO) Thuan Pham just stepped down, effective May 16. Meanwhile, Uber is discussing plans to cut roughly 20% of its staff, as stay-at-home restrictions heavily curb demand for its services.Despite...Read More
Wall Street is brushing off a larger-than-expected first-quarter GDP readingDow Jones Industrial Average (DJI) futures aresignaling a bigboost ahead of a jam-packed news day on Wall Street. Earnings season is in high gear, with both Boeing (BA) and Alphabet (GOOGL) sharing notable reports. Meanwhile, futures on the Nasdaq-100 Index (NDX) and S&P 500 Index (SPX) are moving higher as well.Else...Read More
Analyzing how the S&P 500 index has performed in the six months leading up to an electionIn just about six months, the Presidential election will take place. As you've probably already heard, Donald Trump and Joe Biden are the presumptive nominees for the Republicans, and Democrats, respectively. Meanwhile, we are on the cusp of a historically bearish time for stocks (sell in May). I was curious i...Read More
*This interview was recorded on 4/24/20Paul Buitink talks with author and analyst Jim Rickards about the severity of the current economic depression and its aftermath. Jim expects an L shape recovery. What will be the role of the US and the dollar going forward? What about deflation? And what will be the role of gold, the euro, SDR and bitcoin? Check out the video to find out. Jim strongly advises...Read More
The Covid-19 virus "acts like no pathogen humanity has ever seen." Yes, it attacks the lungs most; but it also can do severe damage to the heart, blood vessels, kidneys, gut, skin and brain. Cardiologist Harlan Krumholz of Yale University says it "can attack almost anything in the body with devastating consequences. It's ferocity is breathtaking and humbling". We also now know it has two pathways...Read More