Analysts say MAG Silver offers production as well as exploration upside. Juanicipio mineMAG Silver Corp.'s (MAG:TSX; MAG:NYSE A) joint venture with Fresnillo Plc (FRES:LSE) is gearing up to begin silver production at the high-grade, large-scale Juanicipio property on the Fresnillo Silver Trend in Mexico. MAG has a 44% interest in the project, and first production from the underground mine should...Read More
Technical analyst Clive Maund explains why he believes investors should be looking at silver right now. We are now entering the final part of the endgame of the latest fiat experiment and the actions of the Fed and other central banks virtually guarantee that most currencies, including and especially the dollar, will end up totally worthless, just like in the Weimar Republic in Germany in 1923. N...Read More
This week has been a wild and emotional one and it’s just started! With Monday’s big pop in the stock indexes, the big rally was based on vaccine news and bullish comments from the fed, convincing most traders and investors to be overly bullish this week.My volume flow indicator showed a reading of 10 all day yesterday, which means ten shares were being bought on the NYSE at the ask, t...Read More
By Gary Savagehttps://blog.smartmoneytrackerpremium.com/Read More
By Keith Weiner I am writing in response to the comments you made in a letter to investors yesterday, which were widely reported. You have set the gold community afire, with claims that are not new and not true. So I shall attempt to douse the flames. As everyone knows, President Roosevelt outlawed the ownership of gold in 1933. Although gold was legalized in 1975, fears linger today that the...Read More
RambusBefore we look at the charts I would like to go over some challenges that we'll face as the current impulse move in the PM complex continues to move higher. It's not everyday that you will find yourself getting in close to the bottom of a multi month rally. One of the biggest problems I've witnessed over the years, especially with PM stock investors, is they grow complacent as the rally ph...Read More
This week has been a wild and emotional one and it’s just started! With Monday’s big pop in the stock indexes, the big rally was based on vaccine news and bullish comments from the fed, convincing most traders and investors to be overly bullish this week.My volume flow indicator showed a reading of 10 all day yesterday, which means ten shares were being bought on the NYSE at the ask, t...Read More
This week has been a wild and emotional one and it’s just started! With Monday’s big pop in the stock indexes, the big rally was based on vaccine news and bullish comments from the fed, convincing most traders and investors to be overly bullish this week.My volume flow indicator showed a reading of 10 all day yesterday, which means ten shares were being bought on the NYSE at the ask, t...Read More
By: Ira EpsteinSilver has spent 5 days above its Bollinger band on the daily chart. I give it at 1% chance..Read More
Amazon and Facebook both grabbed record highs todayThe Dow grabbed a roughly 370 point win on Wednesday, with the rallying tech sector providing a springboard off yesterday's last-minute lows. The S&P 500 and Nasdaq enjoyed sizable gains of their own -- the former clocking its highest close since early March -- as FAANG names Facebook (FB) and Amazon (AMZN) both managed to grab record highs midda...Read More
Clorox increased its quarterly dividend by 5%The shares of Clorox Co (NYSE:CLX) are up 1.4% to trade at $204.45 at last check. The household cleaning stock, rapidly rising on the charts since the pandemic began, has now increased its quarterly dividend by 5%, to $1.11 per share. The company has also partnered with United Airlines (UAL), the airliner saying Clorox products will be used at their hub...Read More
DaVita has broken above its year-to-date breakeven markKidney dialysis provider DaVita Inc (NYSE:DVA) has been on a long-term climb on the charts, and following its mid-March pullback, has broken back above its year-to-date breakeven mark, as well as a trendline connecting lower highs since February. The shares are also seeing support at the 30-day moving average, following a positive earnings rea...Read More
Nvidia will release its first-quarter earnings report after the close tomorrowSemiconductor notable Nvidia Corporation (NASDAQ:NVDA) is chugging higher again today, up 1.2% to trade at $356.57, which is just a chip shot from yesterday's all-time high of $363.50. The equity is pacing for an all-time closing high today, just one day before its first-quarter earnings report, which is due out tomorrow...Read More
AVGO could reclaim a key trendline after next weekMemorial Day weekend is right around the corner, and Schaeffer's Senior Quantitative Analyst Rocky White already gave us the best day to buy stocks during the holiday-shortened week. But what about the best-performing stocks on the S&P 500 for next week? That would be Apple supplier Broadcom Inc (NASDAQ:AVGO), boasting particularly impressive Mem...Read More
The Dow is up over 350 points middayThe Dow Jones Industrial Average (DJI) is up over 430 points midday, as doubts regarding Moderna's (MRNA) vaccine data are overshadowed by the static count in coronavirus cases, despite an ease in country-wide lockdowns. Encouraged by strong retail earnings and a fresh rise of oil prices, the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also eyeing a cl...Read More
The company is returning $43.3 million in coronavirus stimulus paymentsThe shares of CVS Health Corp (NYSE:CVS) are up 0.9% at $64.17 at last check, following news that the company is giving back $43.3 million it received from the CARES Act Provider Relief Fund. CVS chief executive Larry Merlo stated that the CVS did not ask for the funds, and in returning it "we hope to help HHS provide additiona...Read More
Johnson & Johnson has held steady during the COVID-19 pandemicThe shares of blue-chip Johnson & Johnson (NYSE:JNJ) are up 0.6% to trade at $149.93, after the company pulled its controversial talc-based baby powder --the subject of lawsuits the last two years -- from U.S. and Canadian markets. Credit Suisse is unfazed by the news, chiming in that it only makes up 0.2% of its North American sales...Read More
Target and Lowe's reported earnings today, and the results are encouraging Dow Jones Industrial Average (DJI) futures are thriving this morning, almost 300 points above fair value, after the latest earnings reports overshadow uncertainty surrounding a possible COVID-19 vaccine. Investors are encouraged by corporate reports from retail giants Lowe's (LOW) and Target (TGT), with both companies sco...Read More
Lowe's first-quarter earnings and revenue exceeded analyst's estimatesLowe's Companies, Inc (NYSE:LOW) followed its sector peer Home Depot (HD) into the earnings confessional this morning, but with much better results. The shares of the retailer are up 6% at $123.90 after the retailer posted a first-quarter profit and revenue beat, and an 11.2% rise in quarterly same-store sales, as stay-at-home o...Read More
Price action before Memorial Day tends to set the tone for the rest of the yearMemorial Day is next week, a time we remember those who have given their lives while serving in the armed forces. For many, it means parades and cookouts over the weekend -- with social distancing of course -- and the unofficial start of summer. For the stock market, it means a shortened four-day trading week. This week...Read More