I promised you on Friday that I would take an in-depth look at the energy complex in the Weekend Report. If there is one sector to define the possible deflationary event we’ve been discussing for the last several months or so oil is probably the most important commodity of all. Eventually we’ll know the cause in no uncertain terms, but the charts have been suggesting for a long time no...Read More
LONDON, 9 March 2020 - Data and comment from BullionVault feature in today's live finance and business updates online from The Guardian, the UK's only left-leaning 'quality' newspaper.With gold in US Dollar terms hitting new 7-year highs this morning, "Over the last 7 days, trading volumes on BullionVault have jumped 102% from the previous 52-week average," says the paper, "with more than ?38.2m...Read More
Bob Moriarty of 321gold explains why he believes gold needs a correction. In military aviation pilots are taught about an important concept called being on the Back Side of the Power Curve. For every aircraft and altitude there is a speed and power curve. Until the aircraft gets too slow things work just fine. A lot like the Fed. But when the aircraft flies too slow and drag gets too high, the ad...Read More
Adam HamiltonArchivesMar 06, 2020Stock-market volatility has exploded on COVID-19 fears, shattering the Fed's QE4-fueled levitation. The resulting stunning sentiment shift has left investors and speculators wondering where these wild markets are heading. This is an important time to check the latest fundamentals underlying the big US stocks that dominate market action. They just finished reporting...Read More
New drill results from Marathon Gold are reviewed in a Haywood report. In a March 2 research note, Haywood analyst Mick Carew reported that recent drilling at Marathon Gold Corp.'s (MOZ:TSX; MGDPF:OTCMKTS) Valentine gold project "continues to demonstrate the potential for another gold mineralized zone away from the four deposits that comprise the current resource."Carew explained that the new res...Read More
Amex Exploration announced drill results from hole PE-20-144 that extend the High Grade Zone by an additional 210m at depth at its wholly owned Perron gold property in Northwestern Quebec. In a news release, junior mining exploration company Amex Exploration Inc. (AMXTSX.V; AMXEF:OTCQX; MX0:FRA) announced "drill results from hole PE-20-144 on its 100% owned Perron gold property located in Northwe...Read More
The findings result from Argonaut Gold's extensive drill program there, which is in progress. Argonaut Gold Inc. (AR:TSX) announced in a news release that new drill results from its past-producing Magino property in Ontario, Canada, included the best intercepts encountered there thus far."We continue to intersect higher grade gold mineralization in structures at depth and as we step out to the we...Read More
Over the past few weeks and months, our research team has continued to sing the praises of precious metals – particularly Gold and Silver. After last week’s dramatic selloff in precious metals (attributed mostly to margin call sales), both Gold and Silver rallied almost 3% on Tuesday, March 3 – the day the US Fed issued an emergency 0.50% rate cut.We believe this move by th...Read More
Over the past few weeks and months, our research team has continued to sing the praises of precious metals – particularly Gold and Silver. After last week’s dramatic selloff in precious metals (attributed mostly to margin call sales), both Gold and Silver rallied almost 3% on Tuesday, March 3 – the day the US Fed issued an emergency 0.50% rate cut.We believe this move by th...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 366,17346,44085,359178,134529,145629,666660,944 Change from Prior Reporting Period -23,166-7,034-5,3691,515-23,095-27,020-35,498 Traders 22457835854315168 Small Speculators LongShortOpen Interest 62,31931,041691,985 -13,912-5,434-40,932 non reportable pos...Read More
By: Gary SavageI want to add a quick note on the jobs report. Today's number is important in that if the government tries to fake a good number the market will probably lose all confidence in government statistics and likely react badly. There is no scenario where the number can be good as we have already been feeling the effects of the virus scare for a couple of months. A good number will be...Read More
By: Ira EpsteinRead More
10-year treasury yields hit another record low againStock dropped once again Friday, as Wall Street closed out a roller-coaster trading week in the red. An upbeat February jobs report was unable to lift the Dow out of its coronavirus-fueled sell-off. The S&P 500 and Nasdaq also finished deep in the red, as the 10-year Treasure yield fell below 0.7% for the first time in the benchmark's history. Ho...Read More
Tech took home big wins early in the weekThe first week of March on Wall Street streamlined the definition of volatility. Just off the stock market's worst week since the financial crisis, the Dow Jones Industrial Average (DJI) charged higher, marking its best day since 2009 on Monday. Vaccine updates and a rise out of tech aided the comeback, but it was short-lived as the blue-chip index dropped...Read More
Airline stocks are enjoying a lift after Kudlow's comments Quick to brush off this morning's better-than-expected jobs data, the Dow Jones Industrial Average (DJI) is nearly 500 points lower midday, extending Thursday's losses as traders grow weary of the long-term economic impact of coronavirus. Paring some of this morning's steeper losses is a surge out of the airline sector, after Chief Economi...Read More
Two investors announced an 11% stake in the company Big Lots, Inc. (NYSE:BIG) is up 10.6% to trade at $18.37 after two activist investors announced an 11% stake in the company, with plans to overhaul the big box retailer's board, adding that they have already nominated nine people. The investors, Macellum Advisors and Ancora Advisors, said in a joint statement that the "company has been hampered b...Read More
J.P. Morgan's CEO Jamie Dimon is currently in recovery after emergency heart surgery JPMorgan Chase & Co. (NYSE:JPM) is deep in the red this morning, down 4.7% to trade at $108.57, amid news that its CEO Jamie Dimon is recovering from emergency heart surgery, according to a company announcement. Co-presidents and co-CEOs Daniel Pento and Gordon Smith will take over Dimon's role while he recovers....Read More
The leader of its Old Navy Unit, Sonia Syngal, will take over as CEO later this month Long-time underperformer Gap Inc (NYSE:GPS) is set to open at 11-year lows this morning, following news that the head of its Old Navy unit, Sonia Syngal, will assume the role of CEO on March 23, taking the place of interim CEO Robert J. Fisher. This comes just four months after former-CEO Art Peck unexpectedly re...Read More
Better-than-expected jobs data is doing little to prop up stocks Stocks are looking to end the first full week of March deep in the red this morning, with Dow Jones Industrial Average (DJI) futures staring down a 700 drop, while the the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are eyeing sizable daily (and weekly) losses of their own. Meanwhile, the 10-year treasury yield hit its lowest...Read More
Keith WeinerPosted Mar 5, 2020The big news this week was the drop in the prices of the metals (though we believe that it is the dollar which is going up), $57 and $1.81 respectively.Of course, when the price drops the injured goldbugs come out. We have written the authoritative debunking of the gold and silver price suppression conspiracyhere.We provide both the scientific theory and the data. So...Read More