Drug stocks took a late-day hit after Trump threatened litigationStocks started the week on the wrong foot, as the Dow closed more than 330 points lower. FAANG stocks were the culprit in today's collapse, as Facebook (FB) sold off amid its data-harvesting controversy, dragging tech into the red. In addition, Apple (AAPL) faced scrutiny over iPhone demand. As such, the S&P also ended with a steep l...Read More
By Clint SiegnerGary Cohn resigned as President Donald Trump's Chief Economic Advisor on March 6th. He and Trump didn't see eye to eye on the recently imposed tariffs and the President selected CNBC commentator Larry Kudlow to replace him Wednesday. Perhaps it was Kudlow's experience on television that got him the job.It doesn't look like he was chosen for his intellectual honesty. Kudlow was qu...Read More
Friday’ssession in the precious metals sector was very exciting, but quite a fewinvestors will want to agree to that, because the volatility wasn’t really big.But the dam is broken, and we saw several new cracks pointing to an incomingbreakdown. It’s not the time to look away from all the signs – it’s time totake advantage of them. Inaddition to showing you how we pla...Read More
CloseGain/LossGold $1316.80+$3.20Silver$16.33UNCHXAU78.66-0.06%HUI171.11-0.03%GDM599.54+0.17%JSE Gold1061.67+10.85USD89.87-0.34Euro123.38+0.51Yen94.23-0.09Oil$62.06-$0.2810-Year2.852%+0.007T-Bond145.3125-0.125Dow24610.91-1.35%Nasdaq7344.24-1.84%S&P2712.92-1.42% The Metals: Gold dipped $6 to $1307.60 in Asia before it jumped up to $1319.60 in early afternoon New York trade...Read More
BRUSSELS (Reuters) - Britain and the European Union agreed on Monday to a transition period to avoid a “cliff edge” Brexit next year - though only after London accepted a potential solution for the border with the Irish Republic that may face stiff opposition at home.The pound surged on confirmation that Britain would remain effectively a non-voting EU member for 21 months until the en...Read More
"Compound interest is the eighth wonder of the world." Albert Einstein"My wealth has come from a combination of living in America, some lucky genes, and compound interest." Warren BuffettCompound interest is an extraordinarily powerful financial tool, and reinvesting the cash flows received from investments has historically been the single most reliable way of...Read More
Arcadia Biosciences has now added 943% so far in MarchAgricultural technology concern Arcadia Biosciences Inc (NASDAQ:RKDA) is expected to report its fourth-quarter earnings tomorrow after the stock market closes. RKDA has been buzzing in headlines since late last week when its wheat portfolio met key goals, and today, the stock has popped 11.4% to trade at $46.36 on news the company launched its...Read More
Strong global economic fundamentals can limit the rise of gold and silver. Whenever the focus moves away from global economic fundamentals like a Russia-UK/US spat etc. gold and silver will rise. Gold and silver will zoom if there is any clear indication of three interest rate hikes by the Federal Reserve (two after this week's hike). I am hyper bullish in gold and silver on or after July. There...Read More
Steen Jakobsen, Chief Investment Officer and Chief Economist of Saxo Bank, is sounding a clear warning of an arriving market correction. Over-inflated asset prices, over-crowded trades, anemic market liquidity, and a continued decline in the credit impulse set the table for a banquet of consequences, in Steen's view.Confident a market correction of at least 15% lies ahead, Jakobsen urges investors...Read More
Rates are rising once again.Over 90% of investors focus almost exclusively on stocks. This is a mistake. The reality is that everything happening in stocks since 2008 has been the direct result of Central Banks creating a bubble in bonds.Because our current financial system is debt-based in nature (meaning sovereign debt, not gold or some other asset is the bedrock of the financial system) when Ce...Read More
(Reuters) - U.S. stocks slid about 1 percent on Monday, with volatility spiking, as Facebook’s shares sank after reports that its user data was misused led to concerns over broader privacy violations and sparked a selloff in technology stocks.Facebook shares 6 percent and were on track for their worst day in more than three years on reports that a political consultancy that worked on Preside...Read More
Friday's session in the precious metals sector was very exciting, but quite a few investors will want to agree to that, because the volatility wasn't really big. But the dam is broken, and we saw several new cracks pointing to an incoming breakdown. It's not the time to look away from all the signs - it's time to take advantage of them. In addition to showing you how we plan to proceed with the...Read More
The iPhone maker is reportedly developing an alternative to the OLED screen it currently usesShares of Universal Display Corporation (NASDAQ;OLED) have plunged 14.8% to trade at $105.70, after Bloomberg reported Apple Inc. (NASDAQ:AAPL) has been developing its own MicroLED screens -- a thinner and brighter option than the OLED displays the iPhone maker currently uses, and one that requires less ba...Read More
CloseGain/LossGold $1316.80+$3.20Silver$16.33UNCHXAU78.66-0.06%HUI171.11-0.03%GDM599.54+0.17%JSE Gold1061.67+10.85USD89.87-0.34Euro123.38+0.51Yen94.23-0.09Oil$62.06-$0.2810-Year2.852%+0.007T-Bond145.3125-0.125Dow24610.91-1.35%Nasdaq7344.24-1.84%S&P2712.92-1.42% The Metals: Gold dipped $6 to $1307.60 in Asia before it jumped up to $1319.60 in early afternoon New York trade...Read More
CloseGain/LossGold $1316.80+$3.20Silver$16.33UNCHXAU78.66-0.06%HUI171.11-0.03%GDM599.54+0.17%JSE Gold1061.67+10.85USD89.87-0.34Euro123.38+0.51Yen94.23-0.09Oil$62.06-$0.2810-Year2.852%+0.007T-Bond145.3125-0.125Dow24610.91-1.35%Nasdaq7344.24-1.84%S&P2712.92-1.42% The Metals: Gold dipped $6 to $1307.60 in Asia before it jumped up to $1319.60 in early afternoon New York trade...Read More
Lior Gantz has been called a thrill-seeking entrepreneur by his team, and as such, he built and runs numerous successful businesses, and has traveled to over 30 countries in the past decade in pursuit of thrills and opportunities, gaining valuable knowledge and experience. With Wealth Research Group, Lior allows readers access into the world of the few who beat the markets consistently for decades...Read More
Rates are rising once again.Over 90% of investors focus almost exclusively on stocks. This is a mistake. The reality is that everything happening in stocks since 2008 has been the direct result of Central Banks creating a bubble in bonds.Because our current financial system is debt-based in nature (meaning sovereign debt, not gold or some other asset is the bedrock of the financial system) when Ce...Read More
Full Article: ROME FRANCE GERMANY nowBy: W.K. DarcyFor the last two decades, a common theme amongst "non pro-government" journalists and writers has been the comparison of the W^2 duumvirate to the Roman Empire citing the parallels, excesses, corruption, more corruption, MORE corruption and EVEN MORE! Corruption and breakdownswhich are part of the life-cycle of all empires.Since WWII,...Read More
By Keith WeinerWe will take another break from capital destruction, to treat a topic which has come up this week. On March 11, we said:"...central bankers do not think about gold.Granted, they once did. In the 1960's, there was the now-infamous London Gold Pool to keep the price of gold at $35. This is endlessly cited as evidence of current central bank price suppression, without bothering to me...Read More
Steel traders in the central region of Russia, around Moscow, have held back from the markets in the past week and have not accepted higher offers for April-production hot-rolled (HR) and cold-rolled (CR) sheet, Metal Bulletin has been told.Metal Bulletin's weekly assessment of the price for Russian 4mm HR sheet was unchanged at 43,000-45,000 roubles ($747-782) cpt Moscow, including VAT, on Monday...Read More