Analysts are weighing in on tech giant Apple Inc. (NASDAQ:AAPL), drug stock Perrigo Company plc Ordinary Shares (NYSE:PRGO), and Snapchat parent Snap Inc (NYSE:SNAP). Here's a quick roundup of today's bearish brokerage notes on shares of AAPL, PRGO, and SNAP.AAPL Stock Downgraded Ahead of WWDCApple stock is down 0.8% in electronic trading, following an AAPL downgrade to "sector weight" from "o...Read More
Since 2008 the financial media has been proclaiming that the US was in a "recovery." This argument was used to justify the insane monetary policy of the Federal Reserve, which maintained ZIRP for seven years and spent over $3 trillion in QE.Well, it turns out there was no recovery to speak of when it comes to jobs.According to a report posted on Friday, an incredible 93% of ALL jobs created since...Read More
Dow Jones Industrial Average (DJIA) futures are trading below fair value, with the blue-chip index taking a breather following Friday's record high. While the pre-market downside is modest, there's plenty of news for stocks to price in -- including this weekend's terrorist attack in London, an upwardly revised reading on first-quarter productivity, and Apple's Worldwide Developers Conference (WW...Read More
"The pattern we've noticed in recent months is resistance coming into play in the weeks immediately following a Fed rate hike (mid-December 2016 and mid-March this year)... On Feb. 1 the Fed met but did not raise rates, and the SPX rallied soon after."On Thursday, the SPX moved above 2,400 and established a new all-time high. This follows the lows in the previous week near the 2,350 half-century m...Read More
StrengthsThe best performing precious metal for the week was palladium, up 6.17 percent. Consumer demand is rising for gasoline- versus diesel-engine powered vehicles, yet automobile sales have started to relax in recent months. According to Bloomberg, gold bulls outnumber gold bears this week as Trump probes are boosting safe-haven demand for the yellow metal. In fact, gold advanced to the high...Read More
I was shocked by Friday's announcement by the CFTC of an order and simultaneous settlement of manipulation charges in COMEX gold and silver futures. I first saw it in a Zerohedge article and subsequent articles on Bloomberg and in the Wall Street Journal, but all those accounts were somewhat off target compared to the CFTC announcement itself. This was one of those rare cases where the source anno...Read More
Since 2008 the financial media has been proclaiming that the US was in a "recovery." This argument was used to justify the insane monetary policy of the Federal Reserve, which maintained ZIRP for seven years and spent over $3 trillion in QE.Well, it turns out there was no recovery to speak of when it comes to jobs.According to a report posted on Friday, an incredible 93% of ALL jobs created since...Read More
The jobs report was disappointing. The prices of gold, and even more so silver, took off. In three hours, they gained $18 and 39 cents. Before we try to read into the connection, it is worth pausing to consider how another market responded. We don't often discuss the stock market (and we have not been calling for an imminent stock market collapse as many others have).The initial reaction in the US...Read More
A summer evening on London Bridge and in Borough Market ended in terror on Saturday as attackers killed seven people and injured 48.This is the second terrorist attack on British soil in less than two weeks and the the third this year. The attack was immediately labelled as a terrorist attack. In the hours that followed police arrested a further 12 people who were suspected of having links to the...Read More
We "went walkabout" over the past several years, largely deserting the Precious Metals sector for other greener pastures, because it has been performing so poorly, apart from a dramatic flurry during the 1st half of last year. However, the latest charts suggest that a major bull market is incubating in the sector and that it won't be much longer before it starts. This being so it is time for us to...Read More
CloseGain/LossGold $1279.60+$1.40Silver$17.57+$0.05XAU83.12-0.12%HUI192.84+0.70%GDM632.61+0.20%JSE Gold1319.37+13.02USD96.81+0.13Euro112.58-0.27Yen90.50-0.08Oil$47.40-$0.2610-Year2.180%+0.030T-Bond155.6875-0.46875Dow21184.04-0.10%Nasdaq6295.68-0.16%S&P2436.10-0.12% The Metals: Gold gained $4.80 to $1283.00 by a little after 8AM EST before it dropped back to $1277.90 in the next four hours...Read More
Listen to the Podcast Audio: Click HereMike Gleason: It is my privilege now to welcome in Dr. Chris of PeakProsperity.com, and author of the book Prosper! How to Prepare for the Future and Create a World Worth Inheriting. Chris is a commentator on a range of important topics such as global politicals, financial markets, governmental policy, precious metals and the importance of preparedness amon...Read More
By Graham SummersSince 2008 the financial media has been proclaiming that the US was in a "recovery." This argument was used to justify the insane monetary policy of the Federal Reserve, which maintained ZIRP for seven years and spent over $3 trillion in QE.Well, it turns out there was no recovery to speak of when it comes to jobs. According to a report posted on Friday, an incredible 93% of ALL...Read More
By Frank HolmesStrengthsThe best performing precious metal for the week was palladium, up 6.17 percent. Consumer demand is rising for gasoline- versus diesel-engine powered vehicles, yet automobile sales have started to relax in recent months. According to Bloomberg, gold bulls outnumber gold bears this week as Trump probes are boosting safe-haven demand for the yellow metal. In fact, gold adv...Read More
By Keith Weiner The jobs report was disappointing. The prices of gold, and even more so silver, took off. In three hours, they gained $18 and 39 cents. Before we try to read into the connection, it is worth pausing to consider how another market responded. We don't often discuss the stock market (and we have not been calling for an imminent stock market collapse as many others have). The initi...Read More
Gold Today -New York closed at $1,278.20 Friday after closing at $1,270.10 Thursday. London opened at $1,281.00 today. Overall the dollar was weaker against global currencies, early today. Before London's opening: - The $: EUR was weaker at $1.1264 after Friday's $1.1222: EUR1.- The Dollar index was weaker at 96.77 after yesterday's 97.20. -...Read More
A summer evening on London Bridge and in Borough Market ended in terror on Saturday as attackers killed seven people and injured 48.This is the second terrorist attack on British soil in less than two weeks and the the third this year. The attack was immediately labelled as a terrorist attack. In the hours that followed police arrested a further 12 people who were suspected of having links to th...Read More
Full Article: SWOT Analysis: Deutsche Bank Says Investors Should Prepare for Flight to GoldBy: Frank HolmesStrengthsThe best-performing precious metal for the week was palladium, up 4.18 percent. Bloomberg reports that rising automobile demand may be sending palladium futures toward the steepest rally since April 20.Bloomberg's weekly poll of traders and analysts show the trending heading toward...Read More
I was shocked by Friday's announcement by the CFTC of an order and simultaneous settlement of manipulation charges in COMEX gold and silver futures. I first saw it in a Zerohedge article and subsequent articles on Bloomberg and in the Wall Street Journal, but all those accounts were somewhat off target compared to the CFTC announcement itself. This was one of those rare cases where the source anno...Read More
Jun 06, 2017 Guest(s): Todd 'Bubba' Horwitz Chief Market Strategist, BubbaTrading.com Gold prices ended the U.S. day session solidly higher and hit a seven-week high Tuesday. Prices are within easy striking distance of the key $1,300 mark. Meanwhile, silver prices notched just a five-week high but remain in a near-term uptrend. August Comex gold was last up $14.80 an ounce at $1,297.40. July Com...Read More