As the Reset Begins, Get Goldby James Rickards for Agora Financial's Gold SpeculatorThis may be the most important commentary I've ever written. Here's why.For years, financial analysts have discussed what's called the Global Monetary Reset, or GMR. Expectations of a GMR stem from the fact that monetary policies around the world are unstable and unsustainable.Aftermath: Seven Secrets of Wealth P...Read More
The Dow was down triple digits at its session lowA fresh round of trade headlines put pressure on stocks early on, and sent the Dow down 193 points at its intraday low. However, strong sessions for Dow newcomer Walgreens Boot Alliance (WBA) and big-cap tech stocks helped the blue-chip index battle back into positive territory by the close -- and pushed the S&P 500 and Nasdaq higher to start the th...Read More
Mining and metals investors started the third quarter the same way they ended the second, offloading the sector over fears of the impact of a global trade war.A trade tit-for-tat comes at a bad time just as China, responsible for half the world's industrial metal demand, enters a period of slower economic growth."Escalating global trade tensions bring a risk of demand destruction across commodity...Read More
Mining and metals investors started the third quarter the same way they ended the second, offloading the sector over fears of the impact of a global trade war.A trade tit-for-tat comes at a bad time just as China, responsible for half the world's industrial metal demand, enters a period of slower economic growth."Escalating global trade tensions bring a risk of demand destruction across commodity...Read More
(Kitco News)- The second largest bank in America seesfurther upside potential in the U.S. dollar, but it is also not changing itsforecast for gold or silver.In a report Monday, analysts at Bankof America Merrill Lynch (BAML), reiterated their forecast for gold prices toaverage the fourth quarter around $1,400 an ounce. At the same time, the banksees silver prices averaging $17.50 in the final thre...Read More
The offshore Yuan just crashed to its weakest against the greenback in 11 months.Read full newsRead More
U.S. listed Chinese stocks are taking a hit amid the latest trade barbs U.S.-listed Chinese stocks have been in focus lately, as trade tensions continue to rise. JD.com Inc (NASDAQ:JD) and Alibaba Group Holding Ltd (NYSE:BABA) are two such names trading lower today-- likely putting recent options traders on edge.In fact, both stocks popped up on Schaeffer's Senior Quantitative Analyst Rocky Wh...Read More
One options bull may be lowering their expectationsCasino stocks are spiraling today, after Macau gaming revenue growth missed analysts' estimates for a second straight month in June. One name seeing heavy selling is Melco Resorts & Entertainment Ltd (NASDAQ:MLCO), and options traders have been quick to respond.At last check, MLCO stock is down 10.6% to trade at $24.77, and more than 30,000 option...Read More
FNSR shares are hitting historical chart resistanceWhen Finisar Corporation (NASDAQ:FNSR) fell after earnings a few weeks back, we called out long-term resistance at the 30-week moving average. But looking at a daily chart now, technical traders should note the stock's 160-day moving average, based on data from Schaeffer's Senior Quantitative Analyst Rocky White. White points out that FNSR has had...Read More
Getty ImagesAmerican manufacturers grew in June at the fastest pace in four months, but it'sharder to get supplies delivered on time owing to recent Trump administration tariffs. The numbers: American manufacturers grew in June at the fastest pace in four months, but they're running into trouble getting supplies delivered on time owing to recent Trump administration tariffs as well as transporta...Read More
Trade concerns are weighing on Chinese tech name IQ once againThe Dow is falling on the first trading day of the third quarter. Three stocks makingnoteworthy moves areChinese streaming service iQIYI, Inc (NASDAQ:IQ), cosmetic company e.l.f. Beauty Inc (NYSE:ELF), and pharma name Adamis Pharmaceuticals Corp (NASDAQ:ADMP). Below, we will take a closer look at howshares of IQ, ELF, ADMP are trading...Read More
After the end of the quarter but a few days ahead of the official numbers, it would appear that Tesla has achieved its targeted Model 3 production rate of 5,000 units per week as employees have bee...Read full newsRead More
(Page 1) Standard Lithium has developed a proprietary process that uses a solid ceramic adsorbent material for selectively extracting lithium ions from brineRead full newsRead More
(Kitco News)- Gold and silver prices are solidly lower and trading near their daily lows in early-afternoonU.S. trading Monday. Gold hit a 12-month low and silver futures hit a seven-monthlow. A higher U.S. dollar index is a negative for the precious metals to startthe trading week. August gold futures were last down $10.00 an ounce at $1,244.40.September Comex silver was last down $0.303 at $15.8...Read More
(Kitco News) - Gold and silver prices are solidly lower and trading near their daily lows in early-afternoon U.S. trading Monday. Gold hit a 12-month low and silver futures hit a seven-month low. A higher U.S. dollar index is a negative for the precious metals to start the trading week. August gold futures were last down $10.00 an ounce at $1,244.40. September Comex silver was last down $0.303 at...Read More
(Bloomberg) - Commodities face a twin threat in the coming months, according to Morgan Stanley, which flagged burgeoning risks to consumption from a potential escalation in global trade tensions, especially for metals, as well as any slowdown in China."Escalating global trade tensions bring a risk of demand destruction across commodity markets as costs rise for end-users and access to materials is...Read More
The price of platinum plunged more than 5% to touch $811.10 an ounce on New York futures markets on Monday, the lowest since July 2004.Platinum is also trading not far off a record discount to sister metal palladium which was pegged at $938 an ounce, and to gold which also continued to slide on Monday trading at a new low for this year of $1,241 an ounce.Platinum's prospects have clouded significa...Read More
Trade fears have once again sparked widespread selling on Wall StreetStocks are getting blasted at the start of the third quarter, with the Dow Jones Industrial Average (DJI) trading down triple digits today. While renewed trade concerns weigh on investors, the blue-chip index is also getting pressured from retail names Nike (NKE) and Walmart (WMT) -- the two worst Dow stocks so far. The selling...Read More
Low volatility expectations are being priced into short-term VRTX optionsDrug concern Vertex Pharmaceuticals, Inc. (NASDAQ:VRTX) has been trading sideways over the past 12 months. However, notable upside may be in the stock's near future, considering VRTX has been one of the best stocks to own in the third quarter, looking back over the last decade.According to Schaeffer's Senior Quantitative Ana...Read More
AMD will report earnings in late JulyAfter skimming the $9 back in early April, Advanced Micro Devices, Inc. (NASDAQ:AMD) went on to hit an 11-year high of $17.34 on June 18. While the shares have since pulled back from this notable milestone, speculators on Friday targeted it for short-term trades using weekly AMD options.Specifically, the weekly 7/13 and 7/27 17.50-strike calls were active in Fr...Read More