On Monday, the Fed introduced QE-infinity. What does it imply for the US economy and the gold market?Fed Drops Bazooka… and Goes Nuclear Instead!On Monday, the Fed pulled out an even larger bazooka than it did previously. Or, forget about the bazooka. The US central bank has gone nuclear! Indeed, the US central bank announced extensive new measures to support the economy. On March 15, the F...Read More
Keith Weiner, Monetary MetalsHeadline's gone wild today. For example, one public gold company CEO tweeted:"Today, some banks failed to deliver physical in the COMEX bar EFP. As a result, these banks suffered large losses...There remains a big shortage in physical in the COMEX denomination. So, rumors are, the COMEX will announce a force majeure..."Ignoring his sloppy understanding of the market...Read More
There is an old saying in Hindi "Jab tak hai sona roona kaabhi nahi roona". This is means that if you and your family own lots and lots physical gold (sona), they will never face any financial hardship in life. Forget the dash for cash. It is now the dash for physical gold. It is the dash for physical silver. You cannot buy gold. You can buy physical silver. Indians can buy silver July futures....Read More
Stocks shrugged off historically high jobless claimsThe Dow picked up its third straight win today, the first time it has done so since Feb. 6. The blue-chip index once more sprinted across the finish-line today and has now gained over 20% in the last three days. The S&P 500 and Nasdaq both finished comfortably in the black as well,shaking off an ugly weekly jobless claims report while traders an...Read More
There will also be updates on the coronavirus outbreak to monitorIt will be April next week, with many investors probably hoping April Fools Day erases the last two months on Wall Street. There's plenty to unpack, as Wall Street continues to slog through a coronavirus-induced slowdown. Jobs data will take center stage, with the ADP employment report on Wednesday and nonfarm payrolls data capping...Read More
Slack Technologies has gained 9,000 customers so far in MarchSlack Technologies Inc (NYSE: WORK) is up 10.9% to trade at $28.72 at last check. This comes after the news that so far in March, the average use of the team communication tool has increased by 20% and gained 9,000 paid customers. The pandemic pushing people to work remote has attracted much more attention to Slack, and in the past week...Read More
Cronos is expected to report earnings next MondayWith its quarterly earnings report due out after the close next Monday, March 30, options bulls have started paying attention to marijuana concern Cronos Group Inc (NASDAQ:CRON). So far, 29,000 calls have crossed the tape, which is double what's typically seen at this point, compared to 2,916 puts. Most of this bullish attention is being focused at...Read More
Stocks are expanding their streak today as measures continue to be taken to combat the economic effects of the coronavirusWhile a record spike in weekly jobless claims put the Dow Jones Industrial Average (DJI) underwater this morning, the blue chip index has more than made up for the dip, rising over 1,000 points by the midway mark. The blue chip index is now eyeing its third-straight win, joi...Read More
Markets are closed on Friday, but there will still be some economic data to unpackThe first full week of April will be relatively scant, with markets closed on Friday for the Easter holiday. There will be just a sprinkling of of economic data for traders to digest throughout the week, including the Job Opening and Labor Turnover Survey (JOLTS) and the Federal Open Market Committee's (FOMC) latest...Read More
No less than three analysts have cut their price targetsTarget Corp (NYSE:TGT) is pushing through bear notes today, up 2.6% to trade at $93.44 this morning. Yesterday, Target withdrew its first quarter and fiscal year forecast due to the pandemic and delayed its remodeling to help with supplies for those who need it. Today, no less than three analysts have cut their price targets -- the lowest co...Read More
Micron posted third-quarter earnings and revenue that exceeded expectations Semiconductor specialist Micron Technology Inc. (NASDAQ:MU) is brushing off this morning's broad-market selloff after stepping into the earnings confessional. The equity is up 4.7% at $44.50 in pre-market trading after the firm posted fiscal-second quarter profits of 45 cents per share, and $4.80 billion in revenue, exceed...Read More
Weekly jobless claims surged to a record 3.28 million last weekFutures on the Dow Jones Industrial Average (DJI) are looking at triple-digit losses at the open, while Nasdaq-100 Index (NDX) and S&P 500 Index (SPX) futures are also swimming in red ink ahead of the bell. The record-setting surge in weekly jobless claims to 3.28 million is sending stock futures lower, right on the heels of an i...Read More
The market crashes from the pandemic has shown that some assets are "fake" said best-selling author Robert Kiyosaki, as "manipulated" assets are finally showing the American public how corrupt the capitalist system is."The good thing is, people as they sit in quarantine, as they lose their jobs, their homes, their pensions, their businesses and all this, I think they're waking up at [the fact that...Read More
TOPICS IN THIS INTERVIEW:2:25 - This calamity was brought on by a fragile infrastructure...5:25 - The Fed didn't learn anything from 2008.8:25- Trillions of dollars worth of buying happening in 10 days.17:55- Response to Covid 1919:50 Capitalism doesn't have a death wish23:25 Boeing handouts or hands chopped off momentDavid Stockman is a former Republican congressman from Michigan and was Presiden...Read More
The Dow had the biggest rally today since 1933 during the Great Depression.Physical gold market is selling out of inventory.Stimulus package dragging on as Democrats pack in the porkbarrel.The digital dollar is coming.Pandora's box has been opened on landlords.Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his...Read More
"The smart money is seeing the fake money being printed, and they are going into gold. Now hear this. Just like the crummy, slimy politicians going after your Constitutional rights and Bill of Rights, they are going to go after your gold. They did it in the last Great Depression, and they are going to do it in the Greatest Depression. You mark my words."Gerald Celente is a pioneer trend strategist...Read More
To Watch Update #55, CLICK HEREGovernments around the world are struggling to answer: What's the bigger priority, saving lives or the economy? Lots of strong opinions on both sides and not lot a lot of agreement (yet). China-style lockdowns are hard for most leaders to swallow, as they result in gut-wrentching economic losses, mass job layoffs, and supply shortages. But keeping people at work or r...Read More
John Rubino believes it is now time to buy gold before the dollar value falls.John Rubino is the founder and manager of the popular financial website DollarCollapse.com. Mr. Rubino is the co-author, with GoldMoney's James Turk, of The Money Bubble and The Collapse of the Dollar and How to Profit from It. He spent the 1980's on Wall Street as a Eurodollar trader, equity analyst and junk bond analys...Read More
"It's really much closer to a major snowstorm or a natural disaster than it is to a classic 1930s-style depression."Continue...Read More
"To save India and every Indian, there will be a total ban on venturing out," Modi said Tuesday.Continue...Read More