Christmas of 2019 I had advised to invest in gold and silver for Easter of 2020. Now I am asking to invest in gold and silver this Easter for Christmas of 2020. Overall gold and silver will continue to rise till Christmas. Even if the corona virus pandemic gets over and a vaccine is found (before Christmas of 2020), gold and silver will continue to rise. There is an over $40 price difference bet...Read More
The Dow started the week down over 300 pointsThe Dowfinished the day down over 300 points, extending its middaylows as blue-chip Caterpillar (CAT) weighed heavy. The S&P 500 also finished the day in the red, as investors grew wary of the impending start to earnings season, and the Organization of the Petroleum Exporting Countries+ (OPEC+)'s decision to cut oil production over the weekend. Tech-h...Read More
The equity's 160-day moving average has meant more downside in the past Chemical product manufacturer Olin Corporation (NYSE:OLN) is pivoting lower today, down 4.1% at $14.48, right on the heels of a six-day win streak, culminating in a one-month high just north of the $15 region, which served as support for OLN prior to its early March bear gap. It's not just the $15 level keeping the shares of O...Read More
Bank of America is expected to post its first-quarter earnings later this weekWith a first-quarter earnings report due out before the open on Wednesday, April 15, the shares of Bank of America Corp (NYSE:BAC) are falling back, down 4.1% at $23.83 today after running out of steam at their 40-day moving average, which is also home to BAC's pre-bear gap lows near the $25 region. Below, we'll take a...Read More
DAL has shed more than 60% in 2020The20 stocks listed in the table below have attracted the highest weekly options volume during the past 10 trading days, with data courtesy of Schaeffer's Senior Quantitative Analyst Rocky White. Stocks highlighted in yellow are new to the list. One name that sticks out is Delta Air Lines, Inc. (NYSE:DAL), not too much of a surprise given the current near-halt in...Read More
Dr. Anthony Fauci says COVID-19 infections in the U.S. seem to be slowingThe Dow Jones Industrial Average (DJI) is beginning the week with a sharp loss, down nearly 500 points at midday. Today's fall comes as investors process the historic oil production cut from the Organization of the Petroleum Exporting Countries+ (OPEC+) meeting over the weekend. Last week, the U.S. stock market turned in o...Read More
Amazon is putting new grocery delivery requests on a wait list as demand skyrockets Amazon.com, Inc. (NASDAQ:AMZN), is up 1.5% at $2,073.47 amid news that the e-commerce giant will create a wait list for new shoppers trying to use their online grocery delivery service, as more customers turn to such services due to coronavirus-related lockdowns. Amazon also said it will adjust hours in some of its...Read More
Disney is furloughing 43,000 workersWalt Disney Co (NYSE:DIS) is down 2% to trade at $102.38 at last check, despite receiving a $2 target price raise by Guggenheim to $100. Meanwhile, the worldwide entertainment company is furloughing 43,000 workers, effective April 19, after closing resorts last month due to the coronavirus pandemic. Taking a look at the charts, Disney stock just breached famili...Read More
Credit Suisse upgraded Dunkin Brands to "outperform" from "underperform" Dunkin Brands Group Inc (NASDAQ:DNKN) is unable to extend last week's rally this morning, down 0.6% at $57.64, despite Credit Suisse issuing a double-upgrade to the doughnut specialist to "outperform" from "underperform." The analyst also cut its price target to $67 from $73, but added that the company's business model is one...Read More
Coronavirus cases in the U.S. are now the most in the worldFresh off the Easter holiday, Dow Jones Industrial Average (DJI) futures are poised to drop this morning. On the forefront of investor minds is the conclusion of the Organization of the Petroleum Exporting Countries+ (OPEC+) meeting, where a deal was reached with allies on a global output cut of 9.7 million barrels a day, effective in May....Read More
For example, the VIX's 50 area marked peaks on multiple occasions since the late 1990's, with the one previous exception to last month being since October and November 2008. When the 50 area was taken out in 2008 and last month, it signaled more damage to come. Bulls hope that last week's move back below the 50 area last week signals that the worst is over, or at least near over. However, there...Read More
The title of Leo Tolstoy's massive tome, War and Peace, which many have heard of but few have read, implies a cyclical alternation between these conditions, which never ends, no matter how great the level of technological advance, because of the nature of men, which does not change.It is the same with the great economic cycles which alternate between boom and bust. Once a parasitic overclass gai...Read More
Chris MarcheseChief Mining Analyst, GoldSeek & SilverSeekWeek Ended April-10, 2020 $BTG, $CXB.TO, $DPM.TO, $EXK, $EGO, $FNV, $WPM, $OR, $SAND, $RGLD, $GFG.V, $GBR.V, $GPL, $HL, $KL, $KORE.V, $KNT.V, $MOZ.TO, $PG.TO, $AUY, $CG.TO It's looking the suspension of mining activities have tapered off for the time being, though the mining industry has already been severely impacted. Approximately 5...Read More
Dave KranzlerThe CME/LBMA latest paper derivative product - the Accumulated Certificate of Exchange aka "4GC" - is failing. Badly. After its introduction last week there has been zero trade activity in the contract: 4GC Settlement data. The contract fabricates a paper claim on 25% of an LBMA 400 oz bar for Comex participants seeking delivery of the 100 oz Comex bar. It's an attempt to tr...Read More
Preventing DepressionMonetary and Fiscal Policy: Where We Are TodayInflation Is Always and Everywhere a Function of DemandThe Utter Travesty of UnemploymentThinking of the Enormity of It All"Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output. ... A steady rate of monetary gr...Read More
Even as the coronavirus cases in the U.S. grew, President Trump just kept on saying everything was fine.Read More
The title of Leo Tolstoy's massive tome, War and Peace, which many have heard of but few have read, implies a cyclical alternation between these conditions, which never ends, no matter how great the level of technological advance, because of the nature of men, which does not change.It is the same with the great economic cycles which alternate between boom and bust. Once a parasitic overclass gai...Read More
Chris MarcheseChief Mining Analyst, GoldSeek & SilverSeekWeek Ended April-10, 2020 $BTG, $CXB.TO, $DPM.TO, $EXK, $EGO, $FNV, $WPM, $OR, $SAND, $RGLD, $GFG.V, $GBR.V, $GPL, $HL, $KL, $KORE.V, $KNT.V, $MOZ.TO, $PG.TO, $AUY, $CG.TO It's looking the suspension of mining activities have tapered off for the time being, though the mining industry has already been severely impacted. Approximately 5...Read More
Dave KranzlerThe CME/LBMA latest paper derivative product - the Accumulated Certificate of Exchange aka "4GC" - is failing. Badly. After its introduction last week there has been zero trade activity in the contract: 4GC Settlement data. The contract fabricates a paper claim on 25% of an LBMA 400 oz bar for Comex participants seeking delivery of the 100 oz Comex bar. It's an attempt to tr...Read More
Preventing DepressionMonetary and Fiscal Policy: Where We Are TodayInflation Is Always and Everywhere a Function of DemandThe Utter Travesty of UnemploymentThinking of the Enormity of It All"Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output. ... A steady rate of monetary gr...Read More