Gold is being slammed lower despite a massive stock market sell-off.Continue...Read More
In short, the baby is being thrown out with the bath water. Continue...Read More
In this Critical Investor guest post, Resource Maven Gwen Preston discusses developments with the company and its Quebec project. This article by Gwen Preston was originally published December 12, 2019, at Resource Maven.All pictures are company material, unless stated otherwise.Genesis Metals Corp. (GIS:TSX.V; GGISF:OTC) has been around for a decade. Over that time, it worked and dropped a few p...Read More
LONDON, 29 February 2020 - Gold price data from BullionVault is quoted today in the Money section of The Times, Britain's best-selling 'quality' paper, as it looks at the virus-led turmoil in financial markets.Amid this week's panic, the price of physical gold in US Dollars "rose to a 7-year high of $1686 an ounce," says The Times, naming online bullion dealer BullionVault as the source of that fi...Read More
LONDON, 29 February 2020 - BullionVault features today in a report on 2020's surging gold price from the Financial Times' award-winning personal finance team at FT Money."The sudden panic at the weekend over coronavirus spreading worldwide has hit the stock market," the full-page article quotes Adrian Ash, director of research at BullionVault, "and money managers are clearly buying gold to hedge a...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 389,33953,47490,728176,619552,240656,686696,442 Change from Prior Reporting Period -19,010-1,22624,1221,100-8,8916,21214,005 Traders 24163775857332172 Small Speculators LongShortOpen Interest 76,23136,475732,917 11,3883,59517,600 non reportable positionsC...Read More
By: Gary Savage I have to laugh at two things:Perma-bears are calling for the end of the bull market. But it is not the end, not yet!Other people are trying to take credit for the crash.The Fed prevented the market from correcting in December and now look..https://blog.smartmoneytrackerpremium.com/ Read More
By: Ira EpsteinCovid19 is causing panic, but do not panic! Gold, you would think, would be up more, but it is not. $1626.6 is key to short-term to watch as a support zone, but if it goes below then what?Read More
Rick Ackerman, Rick's PicksThe stock market at its most violent this week has been an easy read, just as it was when the tech sector imploded 20 years ago and during the financial collapse of 2007-08. On the eve of today's memorable carnage the short-term charts practically glowed with warnings of the Dow's imminent, record-breaking plunge. I'd predicted as much in commentary sent out the ni...Read More
Fed Chair Powell noted the central bank will take action if neededIn a historic week for the market, stocks once again found no footing amid worries over the coronavirus and its global economic impact. The blue-chip index briefly breached the 25,000 level and found itself more than 1,000 points in the hole at its session lows. This seventh straight loss for the Dow caps off a 3,583.26-point loss i...Read More
The coronavirus outbreak is nearing pandemic statusThere's only so many ways to describe the bloodbath that occurred on Wall Street this week. The coronavirus outbreak, nearing pandemic status, sent the Dow, S&P 500, and Nasdaq all into correction territory and headed for their worst weekly losses since October 2008. The Dow twice logged single-day losses of 1,000 points or more,while the 10-year...Read More
Wayfair stock is heading toward its sixth straight lossWayfair Inc (NASDAQ:W) reported its quarterly earnings this morning and the results aren't pretty. The furniture company reported an adjusted loss of $2.80 per share, larger than the anticipated $2.65 loss. And while Wayfair increased fourth quarter sales profits, fourth-quarter revenue also missed its mark.In response, W stock dropped 24.2% o...Read More
NVAX is still enjoying tailwinds after the vaccine announcementShares of Novavax Inc (NYSE:NVAX) are soaring today, up 12.3%, earlier peaking at $17.71, and last seen at $13.87. The clinical-stage vaccine company earlier in the week announced a COVID-19 vaccine candidate, which they hope to put into phase 1 clinical trial late this spring. NVAX is planning to utilize its proprietary Matrix-M adjuv...Read More
The Dow is looking at its worst weekly loss since the financial crisis The Dow Jones Industrial Average's (DJI) steep sell-off continues, as the blue chip index eyes its worst week since the financial crisis of 2008, on track for a roughly 13% weekly drop. Trade bellwether Boeing (BA) is leading the index's sell-off, while Apple (AAPL) is also suffering notable losses midday. The S&P 500 Index (SP...Read More
Stocks are set to get rocked againDow Jones Industrial Average (DJI) futures are pointing to another day of substantial losses for stocks. More countries have reported their first cases of the coronavirus, and the World Health Organization (WHO) warned the virus could spread all across the globe. Meanwhile, more businesses are lowering their yearly outlooks because of the outbreak, pushing traders...Read More
By John R. Ing, President and CEOMaison Placements Canada Inc.In his State of the Union victory lap, the president crowed that the "great American comeback" entered this decade with the longest bull run in American history. Unsaid is that in dancing to all time highs, the bond and stock markets are priced for perfection. In normal times, this would not be as dangerous as it is today.Early in his t...Read More
To Watch Update #33, CLICK HEREThe situation with the coronavirus is quickly going from bad to worse.Hundreds of cases breaking out across the world, dozens of new deaths.And, of course, these are just the official numbers. Many countries have inadequate/non-existent testing procedures, so the true numbers may be quite a bit higher.As covid-19 continues to rip through the EU, Iran and South Korea,...Read More
As predicted by both Mike Maloney and Chris Martenson, the economic consequences of the Coronavirus pandemic are proving to be devastating. Markets are being crushed all around the world, as investors and industry slowly awaken to the dire circumstances that will effect every aspect of our intertwined 'just in time' economy. Join Mike and Chris for their latest update on the markets, the US dollar...Read More
Charles was long gold from $1494 and closed the trade two days ago when it hit its short term cycle peak. Chareles believes that it will resume it's upward trajectory in early summer 2020, eventually hitting a $2500. The Vix hit a high as predicted. Crude is still going to 36. Natgas hit a low of 1.77 per mm btu, another Nenner call. Charles's target high for the S&P was 3389 and that's where it l...Read More
*Interview was recorded on 13th Feb 2020Discussed in this interview:02:32 Top trend for 2020: New world disorder08:01 Closing of gold window in 197114:33 The endgame of the dishonest money system15:48 Beneficiaries of the monetary methadone19:12 The great gold robbery of 193322:06 Gold bull run27:12 The first shots of World War III has been fired32:26 Prepare now to survive the coming depressionGe...Read More