LONDON, 24 March 2020 - Comment from BullionVault today features in a report from the UK's Daily Telegraph newspaper on why investors should consider buying more gold for their portfolio."The underlying appeal of rare, indestructible gold is seeing small and large investors buy in," the paper's popular website quotes Adrian Ash, director of research.You can read Adrian's comment in the full story...Read More
Strengths? The best performing metal this week was gold, down just 2.04 percent. BullionStar, a bullion dealer in Singapore, has seen a record number of orders, order revenue and number of visitors to its center over the past month, according to a post on its website and as reported by Bloomberg. "We have managed to replenish a bit of gold on Saturday but it's very difficult to...Read More
The pros who confidently bought the dips for more than a decade are now quietly selling the rallies. During the bull market, accumulating stocks on weakness was a no-brainer, as easy a ticket to big profits as investors will ever enjoy. But the bear market has ended this rare opportunity. Instead, the Masters of the Universe have been unloading as much stock as they can into every rally. This ta...Read More
By Avi Gilburt, ElliottWaveTrader.netSo, how many of you followed reckless bulls into this mess?I know many of you took me to task for missing some of the rally in the SPX. But, as I had been trying to warn you, the IWM and the EEM, as well as a host of other charts, were warning me that something was just not right about the move in the SPX. Then, when I publicly posted that I was shortin...Read More
There are two things which we all need to focus w.r.t to corona virus:Positive: China could be corona "virus free" in the next two weeks to four weeks. This will be very bullish for crude oil demand and industrial metal demand.Negative: One needs to closely watch the corona virus spreads in India, Pakistan, Bangladesh and Indonesia. These are world's most densely populated zone with inadequate m...Read More
Gold logged its biggest percentage gain since May 2009Stocks began the week deep in the red, as political gridlock drags down Wall Street. Despite the Federal Reserve deploying aggressive new measures to aid markets against the COVID-19 outbreak, the Dow dropped over 800 points at its session lows as the Senate failed twice to negotiate the terms of a massive stimulus package. The S&P 500 and Nas...Read More
Nike is expected to reveal its fiscal third-quarter report after the close tomorrowWhen we last checked in with Nike Inc (NYSE:NKE), the blue chip retailer was just beginning to feel the pinch of coronavirus-induced headwinds. Seven weeks later, Nike stock is nursing a nasty 37.3% loss year-to-date. What's more, the swoosh logo steps into the earnings confessional for its fiscal third-quarter re...Read More
Netflix calls have been outnumbering puts as the streaming stock makes a swift recovery The20 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.One stock in particular getting plenty of attention from options players (and analysts) is Netflix Inc (NASDAQ:NFLX),...Read More
ZTO Express just pulled back to a historically bullish trendline after a price target cut from JefferiesChina-based shipping specialist ZTO Express (Cayman) Inc (NYSE:ZTO) is getting hit today after Jefferies cut its price target to $27.10 from $29.20. In response, ZTO is down 1.8% at $24.25. And while the shares continue to wallow beneath newfound pressure at their 20-day moving average, ZTO just...Read More
Major indexes in the red as congress decides on an agreementAfter making an attempted rebound following a "limit down" this morning, rising after the Federal Reserve announced new measures to help markets against the COVID-19, the Dow Jones Industrial Average (DJI) is down over 700 points as investors wait for Congress to agree on a stimulus bill, and earlier hit a fresh three-year low. The S&...Read More
Goldman Sachs upgraded Boeing to "buy" from "neutral"Perpetually struggling Boeing Co (NYSE:BA) is getting some respite this morning, up 4.3% at $99.12 after Goldman Sachs upgraded the aerospace specialist to "buy" from "neutral." The analyst said traders can get BA shares for a steal right now, seeing as the stock is down 80% from its 2019 highs, and predicts a strong resurgence in air travel onc...Read More
Cowen and Company lowered AT&T to "marketperform"AT&T Inc. (NYSE:T) is down 4.1% to trade at $28.45 at last check. The telecommunications name was downgraded at Cowen and Company to "market perform" from "outperform," and recieved a price-target cut to $37 from $43. The brokerage believes AT&T complex programs such as WarnerMedia will create uncertainty in comparison to rival Verizon (VZ).T has se...Read More
Apple canceled plans that would limit iPhone purchases to two per customerWhile its brick-and-mortar stores outside of China will remain closed, Apple Inc (NASDAQ:AAPL) announced it is no longer limiting customers to two devices on online iPhone purchases. This announcement comes just a few days after the tech giant instituted the limit. Also weighing on the shares is a price-target cut from Insti...Read More
The Fed's measures to get the U.S. economy back on track are giving stock futures a big boost After swimming deep in the red this morning and earlier hitting a "limit down," Dow Jones Industrial Average (DJI) futures are getting a big boost after the Federal Reserve said it would be implementing new measures to combat the COVID-19 shakeup ravaging the U.S. economy. This includes an open-ended a...Read More
Join Mike Maloney & Chris Martenson in this two-part discussion as they discuss the 'financial armageddon' taking place in markets, along with information on how they are investing and protecting themselves financially during this crisis.Part 1 (part 2 below)Part 2Christopher Martenson is a former American biochemical scientist. Currently he is a writer and trend forecaster interested in macro tre...Read More
"Working with the Federal Reserve - we'll have up to $4 trillion of liquidity that we can use to support the economy," Mnuchin told Fox News on Sunday.Continue...Read More
Massie explains that the entire population is being conditioned "to embrace a paternalistic government that can give or take any right away from you depending on if there is a crisis or not."Continue...Read More
Precious metals advocates have been warning for years that the time to load up on a safe haven asset is before it's needed, because by the time it is obviously needed it won't be available. That seemed a Continue...Read More
"What is happening right now is every single government is printing more and more money. You have one rescue package after another, and that's just the beginning. So, now, central banks are your best friend if you want to own precious metals because they are going to do everything they can to debase the currency."Egon von Greyerz is founder and Managing Partner of Matterhorn Asset Management AG &...Read More
I have never in my long career ever witnessed such absurdity as this man has created. Yes, it is true if we all stayed at home we can beat the common cold. For this guy to only look at his field and say that Continue...Read More