As many celebrate the Christmas holidays, Double Down talks to Charles Hugh Smith, author of "Pathfinding our Destiny: Preventing the Final Fall of Our Democratic Republic," about his thoughts on neo-feudalism. Continue...Read More
The White House had already easily met its Christmas controversy quota by shuttering the government, pulling out of Syria and browbeating the chairman of the Federal Reserve during Continue...Read More
Gold & Gold Stocks are moving closer to a bull market. The stock market is extremely oversold and should rally for a few months, which could coincide with pullback in precious metals. When the market anticipates the first rate cut, the bull in Gold will begin in earnest.Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and...Read More
Full Description and comments at: https://www.peakprosperity.com/podcas...The only thing nearly as enlightening as reading David Collum's epic Year In Review is listening to him and Chris Martenson riff about its highlights.Strap in, grab some eggnog, and listen to this year's recap.Christopher Martenson is a former American biochemical scientist. Currently he is a writer and trend forecaster inte...Read More
California Governor Jerry Brown inherited a $27 billion deficit from Arnold Schwarzenegger eight years ago. This month he's leaving his successor a $13.8 billion surplus and a $14.5 billion rainy day Continue...Read More
"This is going to be the New Deal, the Great Society, the moon shot, the civil-rights movement of our generation," Ocasio-Cortez saidContinue...Read More
Jordan Roy-Byrne, Founder of The Daily Gold looks into the precious metals sector in terms of gold and silver prices as well as the stock ETFs. Things are looking much better for the precious metals complex heading into 2019 but it's not a clear cut bull market just yet. There are some key other markets to watch that could further push for the move into PMs. Jordan Roy-Byrne, CMT is a Chartered Ma...Read More
Please note: US markets are closed tomorrow for Christmas. CloseGain/LossGold $1269.00+$13.50Silver$14.77+$0.15XAU70.55+2.74%HUI161.79+3.40%GDM586.16+2.58%JSE Gold1359.59+42.78USD96.49-0.54Euro114.21+0.58Yen90.68+0.66Oil$42.53-$3.0610-Year2.734%-0.049T-Bond145.40625+0.59375Dow21792.20-2.91%Nasdaq6192.92-2.21%S&P2351.10-2.71% The Metals: Gold gained nearly $10 in Asia before it halved its...Read More
MERRY CHRISTMASThe US government shut down (if any) should be bullish for gold once again. I repeat, other than economics all other factors are ripe for 2019 to be a "gold en" year. There is speculation that Trump may replace the Federal Reserve chief Jeremy Powell. The US dollar will lose its so called safe haven status if there is such a move. The euro and pound and even the Chinese have som...Read More
Trump again attacked the Fed on Twitter today as stock losses deepenedFresh off its worst week in 10 years, there was no Santa Claus rally for the Dow on Christmas Eve. The blue-chip indexbreached the 22,000 level for the first time since September 2017 during today's abbreviated, low-volume session, while the S&P narrowly avoided a close in bear-market territory. Amid fresh turmoil sparked by T...Read More
Gold futures markets advanced sharply Monday, extending a climb toward a six-month high, as risk-off jitters across markets handed stocks their worst Christmas Eve on record and boosted the haven metal. The gold market closed at 12:30 p.m. Eastern Time, an hour earlier on the day ahead of the Christmas holiday closure. Stocks also closed early. Risk assets traded calmly at first, but downside mome...Read More
The shares have shed roughly 35% in the fourth quarterThe shares of Guangzhou-based broadcasting name HUYA Inc (NYSE:HUYA) hit a record low of $14.44 on Dec. 7, after the arrest of a top Huawei exec sparked a sell-off in Chinese stocks. A short-lived bounce was quickly contained by the equity's descending 40-day moving average, and previous such signals have marked good selling opportunities on th...Read More
The U.S. Treasury Department raised eyebrows and jogged worrying memories of the financial crisis Sunday with a statement that Secretary Steve Mnuchin convened calls with the CEOs of six leading banks to confirm they had ample liquidity, in hopes of averting another Wall Street selloff Monday. But left unsaid: If he's that worried, shouldn't investors be as well? The unusual and unprompted attempt...Read More
Vertex Pharmaceuticals revealed it has taken a stake in CRSPCrispr Therapeutics AG (NASDAQ:CRSP) is trading up 9.9% at $24.98 today, after it was revealed Friday evening that cystic fibrosis specialist Vertex Pharmaceuticals (VRTX) took a 10.1% stake in the gene editing company. On Friday, CRSP stock touched a nearly 52-week low of $22.22, as it's struggled mightily in the second half of the year....Read More
The FDA just approved of Acorda's new Parkinson's drug, INBRIJA Acorda Therapeutics (NASDAQ:ACOR) shares are up 5% at $13.59 today, lifted by Friday's late-breaking news that the Food and Drug Administration (FDA) approved its new Parkinson's drug. The inhalable treatment, INBRIJA, is expected out during the first quarter of 2019. Today's rally for ACOR is pulling it out of the gutter -- the stock...Read More
The shares have pulled back to a trendline that's previously marked attractive entry pointsThe shares of Etsy Inc (NASDAQ:ETSY) gapped nearly 24% higher the session after the e-tailer's blowout earnings report in early November, eventually topping out at a record high of $58.30 on Dec. 4. The security has since pulled back amid broad-market headwinds, but is now trading near a trendline with histo...Read More
Globally, there were 1,349 announced mining deals valued at $86.3 billion through December 18 this year, up 60% from the 2017 total, according to data compiled by Bloomberg.During the heady days of the China-induced supercycle in metals demand, mergers and acquisition in the industry topped $100 billion three years in a row, peaking at $149 billion in 2012 before slumping to little over $50 billi...Read More
Keep watching IYT to see what might be next for the broader equities marketLast week was certainly a rough one for the broad-equity benchmarks, but it was particularly brutal for shipping giant FedEx (FDX). On Wednesday, the stock registered its biggest daily percentage drop in a decade after taking a hatchet to its fiscal 2019 profit forecast. The news caused a ripple effect across the transports...Read More
The brokerage firm removed the FAANG stock from its "Best Ideas" listThe shares of Facebook, Inc. (NASDAQ:FB) are trading down 1.4% at $123.212 -- earlier hitting a nearly two-year low of $123.05, after Wedbush removed the FAANG stock from its "Best Ideas" list. However, the brokerage firm maintained its "outperform" rating and $220 price target, a 76% premium to Friday's close.Today's negative pr...Read More
JD's pre-market gains quickly evaporatedJD.com, Inc. (NASDAQ:JD) was last seen down 7.7% at $19.46, as traders react to news that the company's founder and CEO Richard Liu will not be charged after being accused of rape back in September. JD shares were trading above $30 before the news hit, and wound up hitting an all-time low of $19.21 a month ago. Meanwhile, option traders' sentiment has shifte...Read More