LabCorp's at-home test was approved by the FDA fro emergency use Laboratory Corp. of America Holdings (NYSE:LH) is higher this morning after the Food and Drug Administration (FDA) granted emergency use authorization to its COVID-19 at-home test kit. Healthcare workers are taking priority, while the company intends on making the kits available to the greater public in "coming weeks." In response,...Read More
Travelers Companies reported profits of $2.62 per shareShares of Travelers Companies Inc (NYSE:TRV) are up 2.6% to trade at $104.46 this morning, despite the company reporting a first-quarter earnings miss. The company reported profits of $2.62 per share and revenue of $7.35 billion, lower than Wall Street's anticipated $2.85 per share and $7.42 billion. CEO Alan Schnitzer says the industry will b...Read More
The company predicts the coronavirus lockdown will bruise its second-quarter sales While Coca-Cola Co (NYSE:KO) entered the earnings confessional this morning with first-quarter profits and revenue that exceeded analysts estimates, the shares of the soda giant are slipping in early market trading. KO is down 4.6% at $44.38 after the company also predicted its current-quarter sales would take a hit...Read More
There's earnings and political gridlock to unpack today as wellAfter a dismal start to the week, Dow Jones Industrial Average (DJI) futures are pointed sharply lower again this morning. The historic collapse of oil prices has rattled investors everywhere, with expiring May-dated crude futures sitting in negative territory last seen at -$4.00 per barrel. Futures on the Nasdaq-100 Index (NDX) and...Read More
"Social isolation should not mean spiritual isolation."Robert Bridge is an American writer and journalist.Continue...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comApril 21, 2020 The US stock market is once again in imminent danger of a major collapse.Pleaseclick here now.Double-click to enlarge this disturbing daily chart of the Dow. A rally towards resistance has taken the shape of a bear wedge.The rally failed to even reach that resistance zone, a...Read More
By Craig HemkeAfter watching front month NYMEX crude oil futures collapse into negative pricing on Monday, you should be sure to consider the possibility of an exact opposite scenario playing out one day soon in COMEX gold futures. What happened Monday in NYMEX crude oil? It can be summarized this way: The May20 crude oil contract was scheduled to go off the board and into delivery on Tuesday, A...Read More
Graceland UpdatesBy Stewart Thomson 1. The US stock market is once again in imminent danger of a major collapse. Please click here now. Double-click to enlarge this disturbing daily chart of the Dow.2. A rally towards resistance has taken the shape of a bear wedge. The rally failed to even reach that resistance zone, and now there's an ominous breakout to the downside.3....Read More
By Keith Weiner In mainstream economic thought, there is one primary way that the economy can go screwy. Prices can rise too fast, and this is called bad inflation. This is to be contrasted with good inflation, when prices are rising at the Goldilocks-just-right rate. Diehard Keynesians (and monetarists) do fret about falling prices. But as Ben Bernanke's infamous "helicopter money" speech demo...Read More
By Steve St. AngeloWhile I forecasted Negative oil prices were on their way last month, it's still SHOCKING to see it happen to such a degree. Today, the May WTIC futures contract saw the price drop to a stunning NEGATIVE $38 a barrel. Gosh, I thought we might see slightly negative oil prices, especially in the Canadian Oil Sands or Shale Oil, but I never imaged it falling to $38 with a MINU...Read More
By: Gary SavageThe market top is next not going to happen until May, maybe in June..Gary Savagehttps://blog.smartmoneytrackerpremium.com/Read More
By: Ira EpsteinGold losing momentum and changing into a negative state..Read More
Gold and silver should rise after crude oil bust up. First casualty of the crude oil bust as Singapore Police probe Hin Leong After $800 Million Oil Losses. There will be more. I remember in 2009 during the natural gas price bust, a lot of hedge funds vanished. Red Kite and copper everyone one remembers. There will be a lot energy traders who have been busted. Large hedge funds and state backed...Read More
Maurice Jackson of Proven and Probable speaks to CEO John-Mark Staude and geologist Erika Sweeney about Riverside Resources' Los Cuarentas Project and the company's spinout, Capitan Mining. Los Cuarentas Gold Project (Santa Rosalia Sur Target) looking NNWMaurice Jackson: Today we're going to discuss the highly prospective gold and silver project located in Mexico. Joining us for a conversation is...Read More
Money manager Adrian Day discusses a general approach to the market, as well as recent developments at several companies on his list, including some buy recommendations, despite being overall cautious. Most markets have enjoyed a meaningful rally off their lows of three to four weeks ago. The S&P is up nearly 30%, with the Business Development Companies up 50% and more, while global markets have...Read More
The first quarter performance of Mandalay Resources' two operating mines is summarized and discussed in a BMO Capital Markets report. In an April 14 research note, BMO Capital Markets analyst Brian Quast reported that Mandalay Resources Corp. (MND:TSX) achieved a production beat in Q1/20.Quast reviewed and commented on the production numbers from each of Mandalay's operations. Total production in...Read More
Even the most casual silver investor must be discouraged with what has happened to silver prices recently. But what about those who were/are super bullish? How do they feel?As I read various reports and articles, I sense some back peddling on the more extreme predictions which were so prevalent just shortly more than a month ago. On the other hand, I also sense a reluctance to let go; to just admi...Read More
Imagine, if you will, there was nocoronavirus. No haz-mat suits, medical masks & gloves, no make-shiftmorgues. No terminally ill patients hooked up to ventilators, no horribledeaths without love ones close, no lockdowns, no social distancing, no desertedstreets, no bailouts, no emergency wage supplements, just a regular spring withbirds chirping and flowers blooming. Of course there is no...Read More
The greenback exerts powerful influence on theprecious metals – that has been the case yesterday, and it unsurprisinglycontinues to be so also today. So, what message is the USDX sending out rightnow?USD Index in the SpotlightWe’ll open up with a quote from yesterday’sAlert (by the way, please remember that all charts areexpandable/clickable):Looking at the 4-hour candlestickchar...Read More