By: Jim Willie CB home: www.Golden-Jackass.com (new website) Subscribe: Hat Trick Letter Much remains concerning the corona-virus, its potential planning, or else its exploited event. The discu...Read More
Clive MaundThe market crash called for on the site on the 15th, right before it started, is now going full bore, and in this update we are going to consider the short-term outlook, especially insofar as it impacts upon our Tech sector puts, and also the grim longer-term outlook.A full-on "in your face" catalyst for the crash has arrived in the form of the Covid-19 or coronavirus, which has alre...Read More
Craig Hemke, TF MetalsBack in 2019, we often wrote of how Fed Chairman Powell was being painted into a policy corner by the bond market. We knew this would force fed fund rate cuts, and it did. And now here we are again in 2020.If anything, this isn't complicated. As last year began, the vast majority of analysts and seven-figure Wall Street economists were projecting rate hikes and a 4+% U.S. t...Read More
Steve St. Angelo, SRSrocco Report The Global Financial System is now under severe stress. While there have been many factors leading to up to this point, the situation that is unfolding in China and abroad seems to be speeding up the process. Yesterday, the market got a small WHIFF or WOKE up a TAD in regards to a global contagion and soon to be the rapid contraction of the JIT - Just In Ti...Read More
Gary Christenson, The Deviant InvestorFrom Charles Nenner: "It's Time to Sell." (January 28, 2020)"Market will go down 40%""We are totally out of stocks.""These bull markets don't stop on a dime.""Small investors are upset if they miss another two or three percent to the upside, while the big investor is afraid they can lose 40% to the downside."Breaking News: The DOW fell 2,500 since February 1...Read More
By: Gary SavageWe don't have the signs of an ultimate bubble top. What kind of behavior would show this? A mini bubble? Gold is anticipating inflation in the years ahead. Gold mining stocks $GDX technical update / baby bull high:http://blog.smartmoneytrackerpremium.com/Read More
The gold bull market ended 2019 with a strong gain of 19%. The first half the year was marked with uncertainty as the price after an early year surge to $1350 gave up all of it's gains to drift lower to trade down on the year by early May. However, this was the calm before the bull market storm and that set the stage for a powerful bull run starting early June that saw the Gold price rocket higher...Read More
Gold rally goes on, reaching almost $1,700 per ounce. What the heck is just happening in the precious metals market? Gold Rallies Above $1,680Wow, what an escalation! On Thursday, we reported that gold jumped above $1,600. On Friday, its price surpassed $1,640, as the chart below shows. And today morning, it has rallied even further, reaching $1,684. Chart 1: Gold prices in 2020 (London P.M. Fix)....Read More
“Minsky Moment” refers to the idea that periods of bullish speculation will eventually lead to a crisis, wherein a sudden decline in optimism causes a spectacular market crash. Named after economist Hyman Minsky, the theory centers around the inherent instability of stock markets, especially bull markets such as the current one that has been in place for over a decade. As&nbs...Read More
Stewart Thomson, Graceland Updates 1. The US stock market is in "sleigh ride" mode against gold stocks.2. Please click here now. Double-click to enlarge this chart. Yesterday was another day of disappointment, fear, and outright terror... for most investors who are locked in the Dow versus GDX sled.3. The disintegration of the US stock market against GDX began...Read More
By: Ira EpsteinGold market's 18-DMA is under $1,600. 5 days in a row OVER the Bollinger band. Tomorrow it is likely try to get under the band, under $1,650..Read More
Silver has not risen at all. Just trade in the technical in silver. Corrections in gold are healthy. There are lots of US economic data next week. US various February jobs report will be there next week. Correction or profit booking in gold and silver will be there. Corrections will be healthy to ensure that the current rally in gold is a sustainable one. A continued one way rise will imply a bo...Read More
Wall Street's "fear gauge," the VIX hit its highest point since late 2018The Dow's disastrous free-fall continued today with its fourth-straight triple-digit loss, after the Center for Disease Control (CDC) warned that the spread of the coronavirus outbreak from Europe to the U.S. could be imminent. The blue-chip index -- which pivoted lower at midday after a brief foray into the black this mornin...Read More
DVA shares have broken out of a series of lower highsHealthcare stock DaVita Inc (NYSE:DVA) has recently pulled back after hitting record highs and reporting strong quarterly results. On a longer-term basis, the shares seem to have broken out of a series of lower highs in place since 2015, hinting that more upside is possible going forward. There's plenty of bearish bias that could unwind around D...Read More
Expedia just laid off 12% of its workforce Online travel specialist Expedia Group Inc (NASDAQ:EXPE) is gapping lower today on news that the company plans on cutting 3,000 jobs -- 12% of its workforce -- in an effort to streamline its business. This comes right on the heels of the company's decision to forgo a full-year forecast amid the growing coronavirus uncertainty. EXPE is now trading back bel...Read More
Gold prices ended lower on Tuesday, giving back a big chunk of the previous session's haven-inspired gains in a bout of apparent profit-taking. "Let's see how well gold is supported on pullbacks now-my suspicion is that it will find strong buying interesting and price support on pullbacks that...will be short-lived," Peter Spina, president and chief executive officer of GoldSeek.com, told MarketW...Read More
Anxieties over the spread of the coronavirus from Italy to the U.S. are high The Dow Jones Industrial Average (DJI) this morning was on pace to recoup some of its massive 1,031-point sell-off on Monday, but has since turned lower around midday, brushing off a post-earnings pop from Home Depot (HD). Despite thisrebound attempt, coronavirus anxiety is still high, with investors fretting over a possi...Read More
HD is enjoying a morning lift after earningsShares of retailer Home Depot Inc (NYSE:HD) are up 1.8% this morning, last seen at $244.34, following the company's upbeat quarterly report. The Lowe's (LOW) rival reported earnings of $2.28 per share for the fourth quarter, higher than the anticipated $2.10 per share. The home improvement giant also reported better-than-expected sales of $25.78 bill...Read More
MRNA calls are all the rage latelyModerna Inc. (NASDAQ:MRNA) shares are surging 11.21% to trade at $20.54 this morning, as the company delivers its experimental coronavirus vaccine to the United States for human testing. Given the fact that the infection appears to be leading the charge in the sharp stock market drop, the vaccine is a welcome response to the spreading threat.Moderna stock has reli...Read More
The homebuilding stock is now up 20% year-to-dateThe shares of Toll Brothers Inc (NYSE:TOL) are down 0.1% to trade at $46.90 this morning, despite a bull note from SunTrust Robinson. The brokerage firm hiked its price target to $47 from $37, in line with the homebuilding stock's closing perch yesterday of $46.98.Homebuilding stocks like Toll Brothers were one of the strongest groups in 2019, and...Read More