Adam HamiltonArchivesApr 03, 2020 Gold miners' stocks have endured epic volatility in this past month, literally crashing before blasting back higher in a violent V-bounce. That preceding wicked capitulation flush savagely forced the weak hands out, paving the way for gold stocks' next major upleg. The resulting fierce rebound signals it is already underway, with plenty of speculators and investor...Read More
As the world continues lockdown to fight the #covid19 pandemic, DOUBLE DOWN asks precious metals analyst, David Morgan, about what the wild action in the physical gold markets in New York suggest is happening. Continue...Read More
This week, the US scored a sad record. The number of deaths related to the coronavirus in the US surpassed the death toll in China. What does it imply for the US economy and the gold market?US Epidemiological Situation Is GrimJust as people were overly optimistic before the stock market top, they can be too pessimistic right now. This is a real risk and we take it into account. However, the incomi...Read More
This week, the US scored a sad record. The number of deaths related to the coronavirus in the US surpassed the death toll in China. What does it imply for the US economy and the gold market?US Epidemiological Situation Is GrimJust as people were overly optimistic before the stock market top, they can be too pessimistic right now. This is a real risk and we take it into account. However, the incomi...Read More
This week, the US scored a sad record. The number of deaths related to the coronavirus in the US surpassed the death toll in China. What does it imply for the US economy and the gold market?US Epidemiological Situation Is GrimJust as people were overly optimistic before the stock market top, they can be too pessimistic right now. This is a real risk and we take it into account. However, the incomi...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort287,52928,68032,344128,083412,042447,956473,066Change from Prior Reporting Period -30,399-882-11,535-7,628-35,492-49,562-47,909Traders18355635752269146 Small Speculators (C) GoldSeek.com LongShortOpen Interest 47,69622,586495,652 -2,120-3,773-51,682 non reportable positionsCha...Read More
By: Ira Epstein$1484.60 - 1672.40 rang on gold. Not good for the emotional trader. Gold is building a better base. But the overall pattern..Read More
Gold, silver and copper are bullish. Crude oil is bullish. But some weekend correction can be there. At the moment rise in crude oil is short covering. If crude oil manages to trade over $23.00 till Tuesday, then chances of a long term bottom formation will be very high. A lot of people are worried as to what will happen to gold and silver after the release of today's US March nonfarm payrolls?...Read More
Weak payrolls data sent stocks spiraling todayThe Dow closed down 360 points, continuing its losses from midday, lead by more than 4% drops by American Express (AXP), United Health (UTX), and newly merged United Technologies and Raytheon's, Raytheon Technologies (now trading under RTX). A substantial surge in coronavirus-related deaths in New York as well as disappointing payrolls data fueled the...Read More
A slew of coronavirus-related news sent markets on another weekly roller coaster rideWhile stocks enjoyed a strong start to the week, the roller coaster ride Wall Street has been on for the past couple weeks proved to be far from over. U.S. President Donald Trump went back on his plan to reopen businesses by Easter, pushing social distancing measures out until April 30, which cemented in investors...Read More
NFLX's 10-day moving average has stepped up as support latelyNetflix Inc (NASDAQ: NFLX) has held on to a 11% 2020 gain in the face of a global economic meltdown, no doubt in part due to an increase in lockdown measuresin response to the coronavirus pandemic. And although NFLX is down 2.9% at $359.32 at last check, if past is precedent the upcoming quarter could be a friendly one for the FAANG nam...Read More
Historically, ULTA is one of the best stocks to own in the second quarterBeauty retailer Ulta Beauty Inc (NASDAQ: ULTA) has struggled during measures taken to contain coronavirus -- closing stores and moving completely digital. After a price target cut to $200 by Jefferies, ULTA stock is down 0.6% to trade at $160.32. However, a silver lining; Schaeffer's Senior Quantitative Analyst Rocky White b...Read More
The S&P 500 and Nasdaq are also hit with sharp losses at middayThe Dow Jones Industrial Average (DJI) is sitting with modest lossesat midday, down nearly 400 points. The Nasdaq Composite (IXIC) and S&P 500 Index (SPX) are following the Dow's lead with steep slides, as the Labor Department's nonfarm payrolls report fell by 701,000 in March for the first jobs decline in a decade. The coronavi...Read More
President Trump said he would invoke the Defense Production Act against 3M in a tweet late on Thursday 3M Co (NYSE: MMM) is down 1.3% to trade at $136.36 this morning, after U.S. President Donald Trump announced on Twitter (TWTR) last night that he was invoking thethe Defense Production Act as a way of getting the company to produce more N-95 face masks. In response, the household goods manufactur...Read More
AAPL puts have risen in popularity Apple Inc (NASDAQ:AAPL) has implemented a plethora of new measures to help protect both customers and employees from the infectious coronavirus, including a policy that limited customers to two iPhones per online transaction, and another that saw all of its brick-and-mortar stores outside of China close. While the former policy was rescinded shortly after, Apple...Read More
The alcoholic beverage producer posted fiscal fourth-quarter earnings and revenue that beat estimates Wine and beer producer Constellation Brands, Inc. (NYSE:STZ) surged higher in pre-market trading before eventually falling flat, even after announcing fiscal fourth-quarter earnings of $2.06 cents per share, and $1.9 billion in revenue, beating analysts estimates. The firm said it has plenty of...Read More
Oil prices are once more rebounding today Dow Jones Industrial Average (DJI) futures are pointed lower by nearly triple digits this morning, as coronavirus cases top one million worldwide.Futures on the Nasdaq-100 Index (NDX) and S&P 500 Index (SPX) are also deep in the red before the open,as investors unpack the Labor Department's nonfarm payrolls report, which dropped by 701,000 in March, th...Read More
Doug Casey, whose book Crisis Investing spent 29 weeks at the #1 position on the New York Times bestseller list, joins me to assess the fallout from the various governmental responses to the coronavirus, as well as his own approach to a crisis like this.Doug Casey is an American-born libertarian economist and advocate of the free market. He is a bestselling financial author, international investor...Read More
On Tuesday night FOX News host Tucker Carlson reopened the case using information from a CHINESE study on the origin of the novel coronavirus. The coronavirus came from either the Wuhan Center for Disease Control and Prevention or Wuhan Institute of Virology in Wuhan, China. The study concluded the deadly virus came out of local laboratories in Hubei Province. The smoking gun in the study is the l...Read More
security state - the FBI, NSA & DOJ agents who now make up huge parts of CNN & MSNBC and the liberal pantheon - kept telling you the FISA process is very rigorous & immune to abuse? Continue...Read More