ELKO, Nevada, April 3, 2020 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU) announced today that it received a letter from the listing qualifications department staff of The NASDAQ Stock Market LLC, stating that the Company has regained compliance with NASDAQ's minimum $1.00 per share bid price requirement.The letter received noted that for the last 10 consecutive business days, from March 20, 202...Read More
Item: March 16, 2020. A hugepoly-metallic (gold, silver, copper) mining operation in Mongolia "has suspendedoperations" after authorities "restricted the movement of goods andpeople within the country." Item: March 17. In Peru, one of the world's largestprimary silver-gold producers has its 4 mines "temporarily suspended"following the Government's Declared S...Read More
Item: March 16, 2020. A hugepoly-metallic (gold, silver, copper) mining operation in Mongolia "has suspendedoperations" after authorities "restricted the movement of goods andpeople within the country." Item: March 17. In Peru, one of the world's largestprimary silver-gold producers has its 4 mines "temporarily suspended"following the Government's Declared S...Read More
LONDON, 3 April 2020 - Japanese finance news-wire Quick Money today reports a surge in gold demand among users of BullionVault, the London-based online trading company."BullionVault's March gold demand reached 42 times the average of the past 12 months," says Quick's report, "and the amount of gold demand is enough to make 306,317 18-carat wedding rings."Read the full story in Japanese at Quick Mo...Read More
By: Ira EpsteinGold's 18-dma at $1584 area, support. Bias in gold is up. Bollinger bands: $1717 / $1450Read More
Oil's surge lifted the Dow The Dow closed up over 400 points following a volatile day of trading, following suit of oil, which surged nearly 25% for the day. The spike came in response to a tweet from U.S. President Donald Trump that said Russia and Saudi Arabia will be "cutting back approximately 10 million barrels." However, the dealto curb production -- proved susceptible to some doubt among in...Read More
The energy name has been a top performer in April during the past decade Earlier this week, Schaeffer's Senior Quantitative Analyst, Rocky White, broke down the best performing stocks in April over the last 10 years. One of those stocks is crude oil concern Hess Corp (NYSE: HESS). Looking over the last decade, Hess boasts an average April return of 4.6%, with nine out of 10 returns positive, ma...Read More
Kohl's has historically underperformed during the second quarter The retail sector hasn't stood a chance these past few months, and things seems to be reaching a fever pitch, especially for department stores, with many sector members trading at new annual lows today. One name right in the thick of things is Kohl's Corporation (NYSE:KSS) with the shares festering near new record lows, off 2.3% at...Read More
The S&P 500 and Nasdaq are also holding on to midday gainsThe Dow Jones Industrial Average (DJI) pared modest morning losses and is currently up over 300 points at midday. The Nasdaq Composite (IXIC) and S&P 500 Index (SPX) are both joining the Dow with respectable gains despite jobless claims soaring to a record 6.6 million. Energy stocks are in focus today, afterPresident Donald Trump co...Read More
The online pet supply retailer is expected to report earnings after the close this eveningOnline pet supply retailer Chewy Inc (NYSE:CHWY) has, for the most part, been breezing past every dramatic broad-market pullback caused by the coronavirus, climbing higher and even hitting an eight-month peak of $39.63 on March 30. Since then, the shares have cooled slightly, down 1.8% at $35.34 during today'...Read More
Three analysts have moved their price targets down to $60PVH Corp (NYSE: PVH) is up 3.6% to trade at $33.82 after announcing their fourth quarter earnings yesterday. The apparel company, operating popular brands such as Calvin Klein, reported profits of $1.88 per share, higher than Wall Street's anticipated $1.81 per share. Despite the revenue also outperforming expectations, no less than three an...Read More
Black & Decker said it would reduce any non-essential staff and decided to withdraw its 2020 forecast As the impact of COVID-19 continues to expand, Stanley Black & Decker, Inc. (NYSE:SWK) announced it will reduce non-essential staff, cut indirect spending by roughly $1.7 billion, and suspend any acquisition-related activity. The firm also said it will withdraw its previously-announced guidance fo...Read More
Shopify joined the many businesses withdrawing full-year forecasts on coronavirus uncertaintyShopify Inc (NYSE:SHOP) is joining the overwhelming number of businesses withdrawing their full-year forecast over uncertainties surrounding the coronavirus pandemic. The e-tail name said it still expects its first-quarter revenue and adjusted operating income --due out May 6 -- to be well above estimates,...Read More
Guggenheim downgraded DIS to "neutral" from "buy," and cut its price target to $100Entertainment giant Walt Disney Co (NYSE:DIS) is slipping this morning, down 0.8% at $95.65, after Guggenheim came in with a downgrade to "neutral" from "buy," and slashed its price target to a Street-low of $100 from $160. The analyst said Wall Street is "under-appreciating how long the parts and resorts business m...Read More
Oil prices are also rebounding todayAfter a historically rough start to the new quarter, Dow Jones Industrial Average (DJI) futures are trading slightly above fair value this morning.Futures on the Nasdaq-100 Index (NDX) and S&P 500 Index (SPX) are also up before the open, but have given back more substantial gains as investors unpack weekly jobless claims that soared to 6.6 million, blowing p...Read More
As is often the case, Jim Rickards has been one step ahead of mainstream analysts through the entire COVID-19 crisis. He predicted it would be global catastrophe in early February, well before markets caught the fever. So what does Jim see happening next? The answer is unsettling: A complete monetary system shutdown. Starting in the US. Then spreading outwards. At the end of such a scenario, the e...Read More
The Coronavirus continues to move markets around the world through the worst weeks since the financial crisis. Governments and central banks have announced hundreds of billions of stimulus packages. Is that leading to a blow-off rally? "No question that markets were overbought before", says Jim Rogers (77). The American investor thinks: "The debt is skyrocketing in the end. I can't think of a sing...Read More
Marc Faber and the host cover subjects raging form the economy, central banking, government, investing, precious metals and currencies.Dr. Marc Faber was born in Zurich, Switzerland and obtained a PhD in Economics at the University of Zurich. Between 1970 and 1978, Dr. Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. From 1978 to February 1990, he was the Managing D...Read More
Coronavirus-induced shockwaves are rippling through the world economy, causing tremendous damage that we are only just beginning to measure.Strangled global supply chains have caused supply shortages. A massive drop in demand has resulted from millions of customers forced to stay home under mandatory lockdown.Now come the job losses. 60% of companies have reported hiring freezes, while over 13% ha...Read More
Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, rigid ideology or conventional wisdom,...Read More