#money #cash #Fed #business, #American #inflation #savings #economy $virus #banks #consumers Recall that in Y 2008 the Fed pumped lots of cash into the financial system just as it has done year to stave off an economic collapse. But, in Y 2008 that money mostly ended up in banks’ accounts at the Fed, now that […]
US home prices defied economic downturn and will move back to Y 2019 highs as they supported by record low mortgage rates and limited supply. That according to a Poll that showed housing outpacing consumer price rises in Ys 2020 and 2021. The US housing market was the center of the Y 2008 financial crisis […]
$XAU $GLD $XAG $SLV $USD $GS Goldie raises 12-month gold forecast by 11% to $2,000 oz; Silver’s 12-month forecast at $22 oz Gold prices are likely to reach $2,000 oz in 12 months on the back of low real interest rates and concerns over currency debasement, even as developed markets emerge from C-19 coronavirus chaos […]
$USD $EUR $JPY The USD finished higher Friday after data showed the US labor market dramatically improved in May, but the Buck ended lower on the week for a 3rd wk running. Investors might not have noticed it amid all the excitement, but a quiet decline by USD should get some credit for the stock […]
$OIL $USO OPEC and allied nations to extend cut production of 9.7-M BPD through end of July to boost prices. Ministers of the cartel and outside nations like Russia met via video conference to adopt the measure, aimed at cutting out the excess production depressing prices as global aviation remains largely grounded due to the […]
US consumer borrowing dove in April as households concernes about the disruptions caused by the C-19 coronavirus chaos prudently cut back on their spending and use of credit. Cnonumer spending accounts for about 72% of the nation’s GDP The Federal Reserve reported Friday that total borrowing fell by $68.8-B, or 19.6%. That was the biggest 1-month decliner […]
$DIA $SPY $QQQ $RUTX $VXX April had a record decline in Americans signing contracts to buy homes, a reflection of the broader shutdown of economic activity in response to the C-19 coronavirus chaos outbreak. The National Association of Realtors (NAR) said Thursday that pending home sales index dove 21.8% from the prior month to a level of […]
$USO $OIL WTI Crude Oil prices spiked Tuesday, as some European and Asian countries along with several US states began to ease C-19 coronavirus lockdown measures. The rally extended Brent Crude Oil gains to 6 days running, while US WTI Crude Oil has rallied for 5 straight sessions. Fuel demand worldwide was down about 30% in […]
Thursday, President Trump said he is anticipating a major rebound in the coming months and a “spectacular” 2021. Some economists are warning of long-term damage because of the coronavirus, President Trump is predicting a strong Q-4 on pent-up demand consumer demand. Related Story: Seeing a Rapid Economic Recovery, and a Return to Business as Usual […]
$XAU $GLD Retail buyers for gold coins and bars are now paying a healthy premium per oz for the precious Yellow metal. Retail consumers who want to buy gold coins usually have to pay more than the per-ounce prices quoted on financial markets in London and New York. That premium has jumped to $135 oz, […]
$RACE Ferrari (NYSE:RACE) said it is committed to F1 after reports Thursday that the sport’s oldest and most successful team could walk away if a proposed budget cap for Y 2021 was set too low. Seems like Liberty Media got the word loud and clear. Ferrari was prepared to quit F1 it was declared in […]
$XAU XAG $PLAT As the COVID-19 pandemic erupted, so too did demand for newly minted platinum, gold, and silver coins from the US Mint. In times of crisis and doubt, investors move some assets to safe-havens. The demand is so high it is currently stripping the Mint’s supply. And if history is any indicator, it […]
$RACE Ferrari (NYSE:RACE) team Boss Mattia Binotto has warned the team could walk away from F1 if budget caps are slashed following the coronavirus chaos. According to reports, discussions last week suggested the cap for Y 2021 could be cut from $175-M to $145-M and then to $130-M for Y 2022. No agreement was reached […]
$MRO $NBL The energy sector has taken a beating in here, but as it turns out some of the independent Oil & Gas exploration and production companies have hedged their production at higher prices, and some are hedged out through Y 2021. Marathon Oil Corp. (NYSE:MRO) announced its updated Y 2020 capital spending budget and […]
$XAU $GLD $BAC $USD Bank of America Corp. (NYSE:BAC) raised its 18-month gold-price target to 3,000 oz more than 50% above the existing price record in a report titled “The Fed Cannot Print Gold.” The bank increased its target from 2,000 previously, as policy makers across the globe open huge amounts of fiscal and monetary […]
$RACE Workers at Ferrari (NYSE:RACE) are signing up en masse for voluntary coronavirus screening so they can return to work as soon as possible in an ambitious plan that may serve as a blueprint for manufacturers around the world anxious to restart production. Under its “Back on Track” project, Ferrari staff, families and suppliers first […]
$DIA $SPY $QQQ $RUTX $USO $OIL $VXX The lack of demand in the world Crude Oil market has set it up to be forced into a necessary rebalancing over the coming weeks as rapidly filling storage leads to significant production cuts and higher prices. See price volatility continuing high in the weeks ahead, as retail […]
$GLD $XAU $USO $OIL $USD At the moment, the sharp move down in Crude Oil is Bullish gold prices Monday will go down in the scrap books as a historic day for Crude Oil prices, but energy-exposed stocks did not collapse as some envisioned. The price on the futures contract for WTI Crude Oil that […]
$RACE Ferrari (NYSE:RACE) stock is down just 2.5% Y-Y, when even the S&P 500 is down 11% over the same frame Ferrari is a luxury brand and trades at 35.01 PE/ratio (TTM), surprising considering the coronavirus chaos. The Big Q: Why is this happening and is it short selling opportunity? The Big A: Because Ferrari […]
$DIA $SPY $QQQ $RUTX $USO $UGA $VXX This Crude Oil market is seeing declines despite OPEC +’s recent major deal to cut output as oversupply in light of the fight against coronavirus that has halted most of the global demand for Crude Oil. Monday, global Crude Oil prices fell to marks not seen since Y […]
$RACE COVID-19 is no match for the world’s Ferrari (NYSE:RACE) lovers, as the iconic Italian Supercar maker’s sales are strong despite the coronavirus chaos that has hammered the rest of the automotive sector. Since 23 March Ferrari stock has risen sharply about 25% with its stock +7% in the last week. Automobile makers like Ford […]
$USO US Crude Oil April futures fell to 14.67 bbl Sunday US Crude Oil futures were last that low in Y 1999. Caution gripped Asian share markets Monday on expectations a busy week of corporate earnings reports and economic data will drive home the damage done by the global coronavirus lockdown, while a glut of supply sent […]
$RACE Ferrari (NYSE:RACE) will pay its annual dividend of 1.13 on 5 May 20. As a percentage of RACE’s closing price Friday at 161.34, this dividend works out to approximately 0.70% share Below are dividend history charts for Ferrari showing historical dividends prior to the most recent Ferrar declared. Ferrari is the Aristocrat of the […]
$RACE Ferrari (NYSE:RACE) announced today that all resolutions proposed to Shareholders at the Ferrari’s Annual General Meeting of Shareholders held today in Amsterdam, the Netherlands, were passed. The Shareholders approved the 2019 Annual Accounts, expressed a positive advice with respect to the Remuneration Report 2019 and approved a dividend in cash of Euro 1.13 per […]
$RACE Shares Ferrari (NYSE:RACE) whose iconic Supercars have proven to be very resilient during the worldwide health crisis downturn, and the company appears well-positioned to weather the overall slowdown in auto manufacturing. Since the market hit a coronavirus crisis-level low point on 23 March Ferrari stock has made a comeback, rising over 20% since then. […]
$GLD, $XAU $GOLD $NEM Thursday, Gold prices spiked after the Trump Fed announced a $2.3-B ‘Big Bang’ lending program to cushion Main Street from disruptions caused by the COVID-19 coronavirus. Gold futures for April delivery climbed 4.25% to over 1,736.20 oz to close at their highest mark since December 2012. In the last 6 wks there have huge […]
$XAU $GLD $XAG $SLV $PLAT $USD $JPY $MTA Gold prices spiked up Monday, extending a 3-session rally Monday gold futures for delivery on the COMEX exchange were up nearly 3% or +47.60 at 1693.30 just shy of the intra-day high at 1695.90. That was the highest mark in 2 wks, in a rally driven by […]
$OIL $USO $USG $USD Here is closer look at the ripple effects of plunging oil prices and a weak demand for the commodity, as well as predictions on how the industry will cope in the near- to long-term The Crude Oil markets have suffered from the 2X shock of the viral pandemic and politics, and […]
$XAU $GLD, $BAR, $XAG $SLV Tuesday, Gold prices marked their largest daily percentage gainer in more than 10 yrs as the precious Yellow metal extended its rally on demand/supply issues and moves by the Fed to address the coronavirus crisis. The Fed announcement Monday “signals there is a new sheriff in town as the Fed […]
$XAU $GLD $XAG $SLV The correcting stock market and global coronavirus pandemic have triggered sudden and irreversible demand for precious metals Each decade has a distinct investment theme. As the decade unfolds, one asset class rises to the Top and outperforms everything else. Below are some examples, as follows: During the 1990’s, the stock market […]
$DIA $SPY $QQQ $RUTX Treasury Secretary Steven Mnuchin told Jim Cramer Monday that “there will be a huge amount of pent-up demand” for stocks when the threat of the coronavirus is contained. “There will be a huge amount of pent-up demand when this is done. And it will be done,” he said. “Look for companies that […]
$OIL $USO “This is a sudden, instant demand shock, the scale of the decline is unprecedented.” Gasoline becomes more affordable, just when Americans do not need it.” Global Crude Oil consumption is heading to the biggest annual contraction in history, as more countries introduce unprecedented measures to fight the virus outbreak. Travel bans, work-from-home, canceled […]
$DIA, $SPY $QQQ $RUTX $VXX Forget that the major US stock indices posted a gainer last week. All that most investors will remember is a wild week that took their portfolios on a harrowing roller coaster ride. These market fluctuations are not 1 month, 1 week, but 1 day moves The weekend’s news about the […]
$XAU $XAG $GLV $SLV $USD Gold futures rebounded Monday, tacking on nearly 2% after suffering the sharpest drop since Y 2013 in the previous session, finding support as central banks promise to act appropriately to mitigate the effect of a viral outbreak that is expected to hurt global economies and supply chains. Bank of Japan […]
$XAU $GLD $XAG $SLV Gold prices finished lower Wednesday, building on the prior session’s retreat, even as worries remain over the spread of coronavirus outside of China. “It appears the bearish aspect of reduced consumer demand for the precious metals amid the potential for a slowdown in global economic growth is presently trumping the safe-haven […]
$GLD $XAU $USD Gold futures spiked Monday to their highest finish since February 2013, as the spread of COVID-19 to Italy and other parts of the world brought about more nervousness into the markets, lifting demand for safe-havens assets including gold. The precious Yellow metal has become a more widely desired currency again, it is […]
$GLD $IAU $XAU Gold ETFs are the go-to choice to easily and quickly gain exposure to the precious Yellow metal. According to DataTrek research, ETF investors have been a Key driver of the 18.4% full-year gainer in gold prices, even as global demand for the precious Yellow metal dipped 1%. The data suggested that the […]
$ACB Aurora Cannabis (NYSC:ACB) said CEO Terry Booth to retire and Executive Chairman Michael Singer becomes interim CEO as the beleaguered marijuana producer announced $752.79-M in impairment charges Thursday. The company also cut about 500 jobs, including about 25% of corporate positions. Aurora’s NYSE-listed stock fell 13.5% in after-hours trading. The shares were halted earlier […]
$XAU $GLD $SPY $SPX The S&P 500 posted a record high Wednesday at +37.10, or 1.1% at 3334.69 The reverse side of market optimism was the correction of safe-havens such as JPY and Gold. The JPY declined against the Buck, lead USDJPY to its highs in a 1. wks near 109.50, showing a rebound from the 200-Day SMA. Gold dropped […]
$GLD, $XAU, $SLV, $XAG, $USD, $NEM Gold rods to its highest mark since Y 2013 in the US session Monday, as rising tensions in the Middle East drives demand for havens, with Goldman Sachs (NYSE:GS) seeing more room to run. Palladium, the most precious, extended gains to a fresh record. Bullion neared 1,600 oz after […]
$DIA, $SPY, $QQQ, $RUTX, $XRT, $IWM Our New Year is here and we are just a few weeks away from the Chinese New Year, so not too early to share some of my favorite Chinese Astrologer’s thoughts on the coming Year of the Rat, he is famous for his predictions, but not perfect. The background: […]
$GLD, $XAU, $SLV, $XAG, $USD Gold prices look to end the year more than 15% higher, on track to post their biggest annual gainer in 9 years. “Gold has seen considerable safe haven buying from investors concerned over low and negative yields in the bond market and fearing a possible downturn in equities,” said the […]
Last week the headwinds constraining the world economy have just been blown out. Dogged for most of Y 2019 by trade tensions and political risk that hammered business confidence, the outlook for global growth enters Y 2020 on a firmer footing after the US and China struck a partial trade deal and outlook for BREXIT […]
$XAU, $GLD, $XAG, $SLV Gold fell Monday, pressured by a round of upbeat data on Chinese manufacturing activity, but prices finished above the session lows as weakness in the US manufacturing index dulled appetite for stocks. “Positive economic news” from the US and across the world, if any, “can result in sharp corrections for gold,” […]
$XAU, $GLD, $USD Despite its strong ties to geopolitical events, gold is driven by supply and demand. Gold, known as the safe haven asset, historically becomes more valuable during times of geopolitical turmoil. Approximately 20% of the above-ground stock of gold reserves is held by central banks and international monetary organizations. In addition, gold and the USD […]
$XAU, $GLD The World Gold Council (WGC) has reported that millennials’ attitudes towards gold are not so different to those of older generations. “Gold can resonate more deeply among younger consumers,” the report said. “But there are perceptual misgivings among the younger Gen Z audience, misgivings which are particularly pronounced in China’s jewelry market. For example, […]
The success of steel watches combining sport and elegance, such as the Nautilus and Royal Oak, puts them in great demand. Stainless steel watches are supposed to be the cheaper, thus more accessible versions of precious metal originals. Cut away the complications and the price tags become less intimidating. There are legendary exceptions, namely Audemars […]
The worst may be over for the world economy’s slowdown. A wave of interest-rate cuts by central banks including the Fed and mounting expectations of a US-China trade deal are buoying confidence in financial markets just as Key economic indicators show signs of stabilization after recent declines. While a robust rebound may not be here […]
$CGC, $ACB, $AAPL, This chart shows how pot inventories are growing and growing just like certain crop inventories did in the 1930’s: In just a year after Canada’s historic marijuana legalization, producers built up a massive surplus of the drug. In fact, just 4% of it produced in Canada in July has been sold. The […]
$XAU, $GLD Gold is back in a short-term Bull mode with prices creeping up from $1,500 over the last 3 days of trading. The Big picture A lot could happen, but it is looking good.The problems causing renewed interest in gold as a hedge and as a safe-haven have no clear resolution. There are now […]
$XAU, $GLD, $USD One of the most common reasons to buy gold is to use it as a stable store of value. This analysis uses 50 yrs of history to test that common belief, and finds it lacking for it misses the best parts of investing in gold. The graph above will be developed, and […]
$RACE Ferrari’s (NYSE:RACE) upcoming SUV will stand out in increasingly crowded segment. Ferrari’s highly controversial SUV is well on its way to production. The Purosangue will not be the firm’s 1st 4-seater, its history is full 2+2s. But it will be the 1st high-riding model with the Prancing Horse emblem on its nose. Conquering this territory is […]
$RACE Ferrari (NYSE:RACE) has introduced several new vehicles in the past 12 months. The Icona cars based on the 812 Superfast, F8 Tributo Berlinetta, SF90 Stradale gas-electric hybrid, and now is the perfect time to introduce not 1, but 2 spiders, the most romantic of all sports car designs. 1st, the central pillar of the […]
$RACE I have been talking and writing about the coming Ferrari UV for that last 3+ years, before it even had a name and it is still 3 yrs years away from production say in Y 2022. The Maranello Outfit’s 1st-ever FUV now officially has a name: Purosangue meaning “pureblood” or “thoroughbred” in Italian. It […]
$RACE Ferrari (NYSE:RACE) say the V12 could be in trouble. In an interview recently Ferrari Chief Technology Officer Michael Leiters said tightening emission regulations and new sound rules are making life difficult for the 12-cylinder engine. However, he says, the company is not abandoning the iconic powertrain yet even though the company is already packing smaller twin-turbo […]
$RACE The Key phrase in Ferrari’s 812 GTS debut announcement is ‘series production’ The words are important when it comes to the new drop-top front-engine V12 Ferrari, as in the recent past, Ferrari has been quick to put a cap on the number of such Supercars it would produce (-1), but that is now changed. The […]
$RACE Ferrari (NYSE:RACE) joined other high-end automakers including Aston Martin, Bentley and Rolls-Royce in skipping this year’s Frankfurt auto show, despite launching 2 new models on the eve of the event. Ferrari chose to launch the F8 spider and 812 GTS in Maranello, Italy, despite the opportunity of an ideal venue in Germany, Europe’s biggest […]
$XAU, $GLD Gold prices slid Tuesday in Asia as the appetite for risk among investors has returned. Gold Futures for Dec 19 delivery were down 0.9% at $1,497.95 oz by 12:10 AM EDT (04:10 GMT) on the COMEX division of the New York Merc. Positive trade developments between the US and China sent stocks higher […]
$RACE Ferrari (NYSE:RACE) shares dropped 6% to the bottom of the FTSE MIB index, with investors booking profits after the Supercar maker unveiled 2 new cars Monday at Frankfurt, the stock is up 59% YTD. With a market capitalization of $37-B, Ferrari (NYSE:RACE) is similarly sized to Ford but about 50% the size of GM, and it […]
$RACE The lore is: “I married the 12-cylinder engine and I never divorced it,” once noted Enzo Ferrari. And despite Enzo’s passing away more than 31 years ago, that love affair at Maranello continues, as evidenced by Monday morning’s debut of the Ferrari 812 GTS at the marque’s test track at Fiorano Modenese, Italy. The new convertible is the […]
$RACE As today’s enthusiasts well know, classic cars are more than a hobby. They are a multi-billion-dollar industry, and Enzo Era Ferraris (1947-1972) are at the Top of the lists. Some devotees might complain that years of a strong collector market have raised prices for many desirable marques and models, but the rise in value […]
$RACE Ok, sure, buying an auto stock in a downturn seems counter-intuitive, but it works if you are buying Ferrari (NYSE:RACE). The stock is up big YTD and we see additional gains ahead for the Italian maker of iconic Supercars. Goldie analyst George Galliers upgraded shares of the Italian car company to Buy from Neutral, the equivalent of Hold, with […]
$RACE Ferrari’s (NYSE:RACE) team manager Mattia Binotto says there is no reason to change Ferrari drivers. Mattia Binotto says Ferrari will head into Y 2020 with an unchanged driver lineup. There has been high speculation about the future of Sebastian Vettel, with the latest theory being that he could return to Red Bull Racing next […]
$RACE Picturing and Specking the 250 GTO to the SF90 Stradale from the Maranello Outfit over 60 Yrs. Here is a Ferrari (NYSE:RACE) evolution video of some of the greatest cars ever made anywhere, they are all Italian Supercars. Few brands can rival the performance or pedigree of Ferrari, whether it’s a front-engined GT machine or […]
$RACE With its Q-2 Y 2019 release, Ferrari (NYSE:RACE) delivered another strong Quarter of financial results. The company met Quarterly expectations and confirmed its financial guidance for the year. The strong results were overshadowed by the discussion of Ferrari’s 2 new models on the call, including the company’s 1st hybrid Supercar. Ferrari’s Q-2 Y 2019 numbers: […]
$RACE Ferrari (NYSE;RACE) CEO Louis Camilleri has confirmed that the luxury Supercar maker will unveil 3 new models yet this year as part of its business plan targeting revenues of around $5.6-B by Y 2022. CEO Camilleri did not give any hints about the new models, 2 of which will be unveiled at an event […]
$RACE Sebastian Vettel believes his Ferrari F1 team is “quite far” from its ambition of being able to control races given its performance is so track dependent this season. Ferrari (NYSE:RACE) has shown enough pace to be in contention at several races this season but goes into the summer break without a victory in 12 […]
$RACE, The Ferrari 812 Superfast lives up to its name and all of the talk about it. The Supercar is a mix of raw power and technology that keeps it on the road and it looks good both inside and out. Like most supercars, the infotainment system is lacking and it cost a lot of […]
$RACE Ferrari (NYSE:RACE) cars are not easy to buy, command a high price and there is a waiting list. Ferrari needs no introduction, its brand perhaps the most recognizable in the world, it is synonymous with professional motor-sports racing and an upscale lifestyle. Ferrari defines its own category of luxury sports cars and does not compete […]
$XAU, $GLD,$USD, $GS Analysts at Goldman Sachs (NYSE:GS) predict that gold prices already at 6-year highs will climb to $1,600 oz over the next 6 months as investors seek safe-havens. The dimming global economic outlook, driven by heightening trade tensions between the US and China are boosting gold’s appeal as a hedge against financial chaos. […]
FLASH: Today premium beans are renowned for their notes of brown sugar, chocolate, blackberries and other fine tastes At a time when gourmet coffees are thriving among consumers with increasingly refined tastes, a crisis is growing for the producers. Competition has gotten fierce, and prices so low, that coffee farming has become untenable for many […]
$RACE FLASH: Charles Leclerc determined to win the race after taking Austria Pole Saturday afternoon at the Red Bull Ring. Ferrari’s (NYSE:RACE) Charles Leclerc has called the Red Bull Ring his favorite track. Now he is looking to take the Chequered flag Sunday after taking his 2nd career pole. There were scenes of giubilo in […]
$RACE, $FCAU, $F Key Points Ferrari is 1 of the most valuable brands in the world. Ferrari, the Italian supercar maker and Formula One racing operation, is worth $27-B+. Ferrari is a racing operation 1st and a luxury Supercar company 2nd. Ferrari was founded as a racing team with the sale of road cars as a […]
$RACE Ferrari’s (NYSE:RACE) Charles Leclerc set the pace Friday in a F2 session at the Red Bull Ring that disrupted by crashes Max Verstappen and Valtteri Bottas. Y 2018 Austrian Grand Prix winner, Mr. Verstappen lost the back end of his Red Bull racer going through the final Turn 10, rotating the car before sliding backwards […]
$RACE Ferrari (NYSE:RACE) brought more developments to the Austrian Grand Prix in a bid to get more answers about its F1 car’s performance, after some of the prior upgrades under-delivered. The Scuderia had lots of updated parts at last weekend’s French Grand Prix but the new floor was removed after practice. It persevered with a […]
$RACE Cannot afford a Ferrari (NYSE:RACE) Supercar? Then the stock is your alternative, it is Hot too. A Ferrari fan could spend $215,000 on the entry level Portofino, the company’s newest convertible sports car, or buy 1,340 shares of the company, which is trading at 159.50 on the NYSE. And an ultra-rare 1960’sFerrari, like the […]
$PM We have told our managed money clients that a recent dip in Philip Morris (NYSE:PM) stock is a Golden buying opportunity. Shares of Philip Morris (NYSE:PM) have rebounded after a difficult year in US 2018. “Part of that is the result of the Food and Drug Administration’s approval of Philip Morris’s application to sell […]
Tacitus and War of Will were confirmed at 9-5 and 2-1, respectively, as the 2 favorites for the 2019 Belmont in New York. Tacitus, the legendary Senator-historian of the Roman empire’s wars, and War of Will’s handle references exactly that quality that both horses will need when faced with the Belmont Stakes’ towering mile-and-a-half sandy […]
US consumer confidence rose in May as households grew more upbeat about the labor market, suggesting the economy remained on solid ground despite signs that activity was slowing after being temporarily boosted by exports and a build-up of inventories. The surge in confidence reported by the Conference Board on Tuesday came despite an escalation in tensions in […]
FLASH: The buyer has the ultimate power, the US is the buyer. Economist Gary Shilling predicts that not only will President Trump win the ‘trade war’ with China, but in the long run the US will be better off. “People say nobody wins trade wars. Yeah, in the short-run you don’t, but in the long-run…the […]
$TSLA For years in this column we have called Tesla’s valuation out as fake, and finally the T-Bulls have relented and thrown in their towels(NASDAQ:TSLA) There is a “crisis of confidence” in the company, said Yahoo Finance senior columnist Rick Newman on The First Trade. When asked if Tesla’s stock could nosedive to 125 a share from about […]
FLASH: A Democratic presidential contender rolls out a package of veterans’ medical marijuana bills, the Alabama Senate has approved a restrictive medical marijuana bill, edibles are coming to Maryland, and more. National Democratic Presidential Candidate Seth Moulton Files Three Veterans’ Medical Marijuana Bills. Rep. Seth Moulton (D-MA), who recently announced he is seeking the Democratic […]
FLASH: More on The Trump Policies ‘working’; Contracts to buy previously owned homes rose to 8-month highs in March, the National Association of Realtors said Tuesday. The NAR’s pending home sales index increased to a reading of 105.8, +3.8% from the previous month and the highest since July. February’s index was unrevised at 101.9. Economists polled […]
FLASH: The brutal Easter Sunday church bombing attack that has more than 1000 missing, injured and dead in Sri Lanka is now 1 of the most deadly terrorist strikes since 9/ll. The bomb attacks on churches and hotels is puzzling in that it seemed to reflect what has been said of terrorism; lots of people […]
$GLD, $XAU, $XAG FLASH: Global demand for gold in Y 2019 will rise to the highest in 4 years as higher consumption by the world’s jewelers offsets a fall in purchases by central banks, an industry report says.. The world will consume 4,370 tonnes of gold this year, the most since Y 2015 and up […]
$RACE by Michael Blanding FLASH: If you drive a Ferrari, you put premium petrol in the tank, you hit the motorway, and you step on the gas.” — Zlatan Ibrahimovic The Iconic Italian sports car maker Ferrari (NYSE:RACE) opens up about how it has achieved success by bucking industry trends. That purring engine. The buttery […]
$HGC1, $CU FLASH: Managed Money Driving Explosion in Copper (CU) Options in Big Bet on Prices A persistent Copper shortage has spurred a 32X explosion in the COMEX options market over the last 2 years as hedge funds and other speculators move to cash in on rising prices. Copper at the close in Chicago Tuesday: […]
$RACE Ferrari (NYSE:RACE) the Automotive Sector Aristocrat (1.0) Ferrari (NYSE:RACE) unique from any other automotive company, and from other luxury goods companies. There is huge support the quality of Ferrari’s Brand equity (it is the world’s #1 automotive brand), below is the list as we see it here at HeffX-LTN, some other analysts agree, as […]
The global economy’s softened throughout Y 2018 has left the pace of expansion the weakest since the global financial crisis a decade ago. A new GDP tracker puts world growth at 2.1% on a Q-Q annualized basis, down from about 4% in the middle of last year. While there is a chance that the economy […]
The sentiment among US homebuilders rose in February for a 2nd month runnning exceeded all forecasts, as lower mortgage rates and a strong labor market help stabilize demand. The National Association of Home Builders/Wells Fargo Housing Market Index rose to 62 from 58 amid broad improvement on gauges of sales, expectations and buyer traffic, data released Tuesday […]
Demand for loans softened among US businesses and households in Q-4 of Y 2018, while banks tightened lending standards for commercial real estate, according to a survey of bank officers that gave worrisome signs for the economic outlook. The Fed Monday released its Quarterly survey of senior loan officers. The survey also showed banks had […]
$RACE Last month, shares of the iconic Italian luxury sports-and-racing-car maker Ferrari (NYSE:RACE) rose according to the pattern that set up at the end of December, aka a Key reversal. According to data from S&P Global Market Intelligence, Ferrari’s shares rose just over 27% in January far outpacing the S&P 500 Index’s 7.87% gainer. Some of that increase was […]
$GLD The rise in gold purchases by central banks to the highest since Y 1967 helped push global demand for the metal up 4% last year, the World Gold Council (WGC) said Thursday. The world consumed 4,345.1 tonnes of gold in Y 2018, up from 4,159.9 tonnes in Y 2017, the WGC said in its […]
$RACE,$FCAU Ferrari (NYSE:RACE) expects growth in core earnings to accelerate to 10% this year and CEO Louis Camilleri said he may raise targets for Y 2020, betting on new models and Special Editions at premium prices for its loyal clienti, and admirers. Thursday, after the earning’s call shares in the Italian luxury carmaker rose nearly […]
$GLD, $SLV, $USD The survey of 36 analysts and traders returned a median forecast for gold to average $1,305 oz in Y 2019, up around 3% from last year’s average and a touch higher than forecast in a similar poll 3 months ago. It predicted prices would average $1,350 in Y 2020, just below the […]
$GLD Indian discounts shrink; dealers eye import duty announcement China premiums at $9.50-$11.50 oz Festival buying picks up in Singapore Demand for physical gold in India improved last week as local prices eased from their highest level in over 5 years, while buying gathered steam in China ahead of the Lunar New Year festival. Dealers […]
$GLD, $SLV, $USD Gold’s supply/demand prospects have caught the eye of 1 billionaire. “For the 1st time in my life, I bought gold because it is a good hedge,” Sam Zell, the founder of Equity Group Investments, said in a Bloomberg TV interview. “Supply is shrinking and that is going to have a positive impact on […]
$GLD, $SLV, $USD There are Key elements set up to extend Gold’s from just after the Y 2008 global recession to the precious Yellow metals Y 2011 all time high, signalling a comeback this year. Gold Bugs are looking for a break out of its 5 year range, and technically it looks as though that […]
$GLD, $SLV Goldman Sachs Group (NYSE:GS) leading the Bullish pack on Gold. The New-York based bank’s analysts led by Jeffrey Currie raised their price forecast for Gold, predicting that over the next 12 months, the precious Yellow metal will climb to $1,425 oz, a mark not seen in more than 5 years. Bullion has benefited […]
Year 2018 will go down as the year when lab-grown diamonds, made for decades as an inexpensive alternative to mined stones for industrial purposes, cracked the consumer market, largely thanks to millennials’ evolving shopping tastes. The entry of new actors in the synthetic sector, particularly giant producer De Beers and its Lightbox brand, has created even […]