Moderna received millions in funding for coronavirus vaccineGilead Sciences (GILD) isn't the only one making headlines today in regards to COVID-19. Shares of Moderna Inc (NASDAQ:MRNA) are soaring, after the company received a $483 million from the Biomedical Advanced Research and Development Authority (BARDA) to accelerate the development of its coronavirus vaccine. Following the news, Piper Sand...Read More
All three indexes are on track for their first back-to-back weekly gains in over a monthDespite paring bigger gains, the Dow Jones Industrial Average (DJI) looks like it will end the week on a positive note, up nearly 400 points at midday. The Nasdaq Composite (IXIC) and S&P 500 Index (SPX) are both joining the Dow in the black, as optimism over a possible COVID-19 treatment eases Wall Stre...Read More
Oil plunged to an 18-year lowWall Street was all over the place this week, in a volatile stretch indicative of where the world is at right now. The Dow kicked off the week alternating between triple-digit losses and gains. The only model of consistency was the Nasdaq, earlier in the week logging its first four-day win streak since early February. Commodities joined in on the roller-coasted action...Read More
A report was released that Gilead Sciences' COVID-19 treatment is workingShares of Gilead Sciences, Inc. (NASDAQ:GILD) are surging, last seen up 10.6%, at $84.66, after an encouraging report suggested the biotech company's antiviral medication remdesivir may be effective at treating patients with severe cases of COVID-19. Conversely, there is some pessimism surrounding these findings, with Baird i...Read More
RF reported earnings below Wall Street's estimatesRegions Financial Corp (NYSE:RF) shares are shaking off a less-than-stellar first-quarter earnings report, up 5.8% to trade at $9.37, at last check. The company reported adjusted first-quarter earnings of 14 cents per share on $1.41 billion in revenue, lower than analysts' anticipated 23 cents per share and $1.46 billion. On the charts, Regions Fin...Read More
Oil prices are the only grim mover todayAfter yesterday's roller-coaster session, Dow Jones Industrial Average (DJI) futures are poised for one last surge higher this week. There's optimism on Wall Street afterGilead Sciences' (GILD) remdesivir -- an experimental treatment for coronavirus -- is reportedly making progress, lending hope that businesses can begin to ramp up activity quicker-than-exp...Read More
*This interview was recorded on March 30, 2020Nassim Taleb, New York University distinguished professor of risk engineering, says a "white swan" event like the coronavirus pandemic was preventable."They're not bailing YOU out, they're bailing out investors and corporations...they are bailing out those who did not have a buffer."Nassim Taleb spent 20 years as a derivatives trader and, after closing...Read More
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Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort286,61734,11633,338116,839397,247436,794464,701Change from Prior Reporting Period 6,7373,1783,517-2,0462,7518,2089,446Traders19566684954275160 Small Speculators (C) GoldSeek.com LongShortOpen Interest 53,17125,264489,965 1,7074699,915 non reportable positionsChange from the pr...Read More
By Marin KatusaInterest in gold and gold stocks has skyrocketed in the last 2 weeks. And for good reason.Let's recap what we've just seen in short order...Explosive price gains - check.Massive changes in investor sentiment - check.Retail calling stockbrokers (and vice versa) about highly speculative junior gold stocks - check.Gold surged from $1,470 during the peak of the March Meltdown to over...Read More
By Richard (Rick) MillsImagine, if you will, there was no coronavirus. No haz-mat suits, medical masks & gloves, no make-shift morgues. No terminally ill patients hooked up to ventilators, no horrible deaths without love ones close, no lockdowns, no social distancing, no deserted streets, no bailouts, no emergency wage supplements, just a regular spring with birds chirping and flowers blooming....Read More
Steve St. Angelo, SRSrocco Report The collapse of global oil demand has impacted the price of Canadian Oil Sands to such a degree, the price of a barrel is now cheaper than a 12-pack of Coke purchased at Walmart. According to oilprice.com, the current price of a barrel of Western Canadian Select (oil sands) is $4.47 versus a 12-pack of Coke at Walmart for $5.08. What a deal... ah? Now, l...Read More
By: Ira EpsteinGold will react to Trump's new conference (just after this recording). Re-opening will be different, varying over the nation and economy. Health care near year's highs.Gold's short-term giving up gains. Swing-line down, bull's don't want to see..Read More
Focus is on how the world will move once the various nations open up. Gold and silver will break free from the recent range trade and form a new range. No need to worry. I will prefer till next week and then make decide on whether to make a new investment in gold or wait. In the short term selected stocks will give a much better return than gold. Silver should outperform gold as prices moves sho...Read More
Shares of Tronox Holdings traded higher after the company released preliminary Q1/20 earnings data and provided an update on its ongoing operations. This morning prior to the opening of U.S. markets, Tronox Ltd. (TROX:NYSE) announced some selected preliminary unaudited financial results for Q1/20 ending March 31, 2020. The company additionally provided an update on its current business operations...Read More
Our Adaptive Fibonacci Price Modeling system incorporates anintelligent “Inference Engine” into internal decision-making and futureanalysis. This type of “Adaptive Learning”is one of the core elements of Artificial Intelligence – the ability to readinputs, adapting to price structures and setups and infer expectedoutcomes/results based on a complex decision-maki...Read More
By Gary SavageGary Savagehttps://blog.smartmoneytrackerpremium.com/Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort286,61734,11633,338116,839397,247436,794464,701Change from Prior Reporting Period 6,7373,1783,517-2,0462,7518,2089,446Traders19566684954275160 Small Speculators (C) GoldSeek.com LongShortOpen Interest 53,17125,264489,965 1,7074699,915 non reportable positionsChange from the pr...Read More
By Marin KatusaInterest in gold and gold stocks has skyrocketed in the last 2 weeks. And for good reason.Let's recap what we've just seen in short order...Explosive price gains - check.Massive changes in investor sentiment - check.Retail calling stockbrokers (and vice versa) about highly speculative junior gold stocks - check.Gold surged from $1,470 during the peak of the March Meltdown to over...Read More