"There is no limit to how high gold can go, because there's no limit to how low the [US] dollar can go."Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is q...Read More
Join my Steemit movement! Click here: https:[email protected]My newest Stock Picks. Click here: https://traderschoice.net/The-Equity-...Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global econom...Read More
A gold standard would just not work today, at least that's what author and Inc. editor James Ledbetter thinks. Speaking with Kitco News days before the release of his latest book - One Nation Under Gold - he shares his strong views against returning to a gold standard. I don't see a return to a gold standard making any sense either for the U.S. or the world economy, it would be tremendously disrup...Read More
Rudi Fronk and Jim Anthony, the cofounders of Seabridge Gold, discuss the significance of gold breaching its downward sloping trend line. Today, gold broke a nearly six year-long downward sloping trend line that goes back to its all-time high of $1921 in August of 2011. Gold has not managed to cross above this trend line, currently at around $1280, since then, although it has come close a number...Read More
With primary targets still not accessible due to weather, secondary targets are the focus, and analysts Ryan Walker of Echelon Wealth Partners and Adam Melnyk of PI Financial weigh in on the latest results. In a June 5 press release, Victoria Gold Corp. (VIT:TSX.V) announced assays for its Eagle West zone, a secondary target, directly adjacent to its primary Eagle Gold Deposit. The highlighted E...Read More
With the commissioning phase of the processing plant complete, full production at this Mexican mine has resumed. Great Panther Mexico Project MapGreat Panther Silver Limited (GPR:TSX; GPL:NYSE.MKT) announced on June 1 that it has completed the commissioning of the processing plant of the Topia mine in Durango, and that the facility is operating at planned capacity.The company also noted that it...Read More
Price DataSymbolDatePriceChange52 Wk RangeVolumeOTCMKTS:JAGGF06/06/2017USD0.31100.02000.6500 - 0.270023,895TSE:JAG06/06/2017CAD0.42000.02500.8500 - 0.3500101,096Alert me when stock is updatedQuick LinksLogin to accessDescriptionJaguar Mining Inc are a gold focused mid-tier producer with two producing mines in Brazil, two mines in development in Brazil and two exploration properties. Currently they...Read More
The Dow Jones Industrial Average (DJIA) spent the entire session in negative territory, as traders took a risk-off approach ahead of several potentially volatile events later this week. Ongoing turmoil in the Middle East also weighed on investor sentiment, though oil prices managed to erase earlier losses on expectations for a drop in domestic supplies. The S&P 500 Index (SPX) and Nasdaq Composit...Read More
The stock market is still trading in negative territory, even as oil prices swing higher. Among specific stocks making big moves are retailer Macy's Inc (NYSE:M), heavy machinery maker PACCAR Inc (NASDAQ:PCAR), and Apple supplier Advanced Micro Devices, Inc. (NASDAQ:AMD). Here's a quick look at what's moving shares of M, PCAR, and AMD.M Stock Sinks to New Low After Gross Margin WarningMacy's stock...Read More
A couple of "penny stocks" created a blip on our trading radar this week. Specifically, LCD panel provider AU Optronics Corp (ADR) (NYSE:AUO) and video infrastructure concern Harmonic Inc (NASDAQ:HLIT) sent up potential "buy" signals on the charts. Below, we'll take a look at AUO stock and HLIT stock, both of which could benefit from a short squeeze.AUO Stock Attempting to Fill Bear GapThe shares...Read More
Energy shares have been spiraling alongside crude oil prices, with Schaeffer's Senior V.P. of Research Todd Salamone suggesting investors avoid the "vulnerable" group in recent Monday Morning Outlook commentaries. The sector's struggles are highlighted in the recent price action of the United States Oil Fund (USO), whose shares have plunged more than 8% since being swiftly rejected by their 80-day...Read More
The Dow Jones Industrial Average (DJIA) is off its early morning lows, but stocks are still struggling for upside as traders exercise caution ahead of some major market events. In the meantime, investors are digesting this morning's Job Openings and Labor Turnover Survey (JOLTS), which showed job openings in the U.S. increased to an all-time high of six million in April, while hiring decreased....Read More
Travel stock Delta Air Lines, Inc. (NYSE:DAL) is in a strong technical position, and looks poised to go higher. The shares are up nearly 21% year-over-year, and just last week made a decisive move above their year-to-date breakeven point and the $50.76 level -- half their all-time peak. After taking a sharp bounce of its 200-day moving average in April, DAL is now staring down its 52-week high, an...Read More
Valeant Pharmaceuticals Intl Inc (NYSE:VRX) shares are trading 2% higher today at $12.59, after Bloomberg reported the company is in talks to sell Bausch & Lomb's eye-surgery business. Options traders have been quick to respond, with buy-to-open activity possibly taking place at the weekly 6/9 13-strike call, and the June 14 call. If long positions are being initiated here, traders are betting...Read More
U.S. stocks are sluggish today, amid escalating geopolitcal uncertainty. Among specific stocks on the move this morning are apparel manufacturer G-III Apparel Group, Ltd. (NASDAQ:GIII), biopharmaceutical name Acorda Therapeutics Inc (NASDAQ:ACOR), and solar company JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO). Here's a quick look at what's moving shares of GIII, ACOR, and JASO.Optimistic Quar...Read More
Analysts are weighing in on wearable tech stock Fitbit Inc (NYSE:FIT), steel manufacturer ArcelorMittal SA (ADR) (NYSE:MT), and farming equipment maker Tractor Supply Company (NASDAQ:TSCO). Here's a quick roundup of today's bearish brokerage notes on shares of FIT, MT, and TSCO.Citi Maintains "Sell" Rating on FIT StockFitbit stock is down 0.9% at $5.37, after Citi reiterated a "sell" rating on t...Read More
As we've been outlining for weeks now, Subprime 2.0 is the subprime auto-loan industry. And just as the collapse in the subprime mortgage lending was what signaled the beginning of the housing crisis... trouble in the subprime auto-loan industry will be what signals that the next Debt Crisis is here.On that note... subprime auto-loan defaults are soaring, hitting 11.96%. The last time they were an...Read More
Analysts are weighing in on Elon Musk's Tesla Inc (NASDAQ:TSLA), semiconductor stock Microchip Technology Inc. (NASDAQ:MCHP), and streaming content provider Netflix, Inc. (NASDAQ:NFLX). Here's a quick roundup of today's bullish brokerage notes on shares of TSLA, MCHP, and NFLX.Pacific Crest Expects a 26% Rally For TSLA StockPacific Crest reiterated its "sector weight" rating and raised its pri...Read More
Gold is the world's ultimate asset, and another spectacular week is underway for investors. While May was mostly sideways (and lower for many gold stocks), it's starting to look like the month of June could be a serious "barnburner".This is the daily bars gold chart.Gold tends to stage a decent rally in the days following the release of the US jobs report. That's in play now, as I suggested it...Read More
With the US dollar taking another hit last Friday on a weaker-than-expected jobs report, gold closed up 1.12 percent for the day. A Bloomberg gauge of 72 junior miners, however, has lost 15 percent since the end of January, and the rebalance of the VanEck Vectors Junior Gold Miner ETF (GDXJ), which I previously wrote about, is also having a depressing effect on many gold names.This was a major con...Read More