#gold #money #banks #COMEX $XAU $GLD $USD The world’s largest 50 investment banks are on track to 2X their income from precious metals this year to around $2.5-B, most of it from gold, Coalition, a banking consultancy said Sunday. “$1.2-B was the earnings pool last year. This year we already crossed that number,” said Coalition’s […]
$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 […]
$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 […]
$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 […]
$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 […]
$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 […]
$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. […]
$SPY $SPX $USD $BAC Stocks may be recovering from their March lows, but investor pessimism over the health crisis’ economic damage is at very high marks with cash positions the highest since the 9/11 terrorist attacks, according to a Bank of America Corp. survey. Fund managers have shunned risk, with equity allocations the lowest since […]
$SPY $SPX The markets move from speculators to investors. There is budding optimistic investor sentiment as numerous countries have taken steps to lessen lockdown restrictions and many of the most gravely impacted countries see the flattening of their infection curves and allow non-essential workers to go back to work Now, we are seeing more and […]
$RACE Sebastian Vettel believes the culture at Ferrari (NYSE:RACE) is often “misunderstood”, and that they can return to the Top of F1. Mr. Vettel is heading into his 6th season with The Scuderia in Y 2020, after making the move from Red Bull Racing in Y 2015, but he is yet to build on the […]
$RACE Ferrari (NYSE:RACE) is extending the suspension of production at its Maranello and Modena plants by about 3 wks to 3 May after Italy’s government extended a nationwide lockdown. Ferrari, and Fiat Chrysler (NYSE:FCAU), 1st announced in mid-March that it was halting production in Italy due to disruptions in component parts shipments because of the coronavirus, it extended […]
$RACE The Hot automotive market began to cool in November. With good sales, but was down from Y 2018. Hang on, Y 2019 was not all bad for the sector’s Aristocrat, Ferrari. The Maranello Outfit sold and 10,131 cars, and made a record profit on each 1 of them, too, according to a new report […]
$RACE The World’s 1st Ferrari inspired theme park with record breaking thrill rides, family adventures, magical journeys and world class entertainment featuring the world’s fastest rollercoaster, Formula Rossa, Flying Aces with its’ record breaking world tallest loop, the brand new turbo track and the forthcoming Mission Ferrari alongside family favourites such as the Scuderia challenge, […]
$RACE Ferrari (NYSE:RACE) F1 Team Boss Mattia Binotto says The Scuderia is amenable to any schedule that is proposed by other F1 bosses as they seek to mitigate the impact of the coronavirus crisis on the season. To date 9 Grands Prix have have been postponed or cancelled because of the medical crisis, leading fans […]
$RACE Wednesday, Ferrari (NYSE:RACE) said it is piloting a project to conduct voluntary screening of employees and their families for coronavirus once the iconic Supercar makers factories in Italy reopen. In a statement, Ferrari said its “Back on Track” plan, developed with a pool of virologists and experts, was designed to create a safe working […]
$VXX $DIA $SPY $QQQ Investors are studying a wide range of technical indicators, from infection counts to more traditional indicators, for clues on the direction the markets will take in coming weeks as the pandemic caused by the novel coronavirus continues to spread. Some point to signs that the worst of the waterfall sell-off that […]
$SPY, $DIA, $OIL Over the past month, equity markets and financial assets broadly, have been attempting to price in the dual shock of a pandemic and the sudden collapse in Crude Oil prices Volatility stemming from the outbreak has seen the DJIA move up or down by 1000 pts or more for 7 days running, […]
$DIA $SPY $QQQ $RUTX $GLD $XAU $USO $VXX Wow, what a week it was, it really was! Technical Analysis: The move Thursday was not encouraging for a continued relief move, much less anything else. The Big Qs: Was it the end of the relief move? Would the jobs report help spring the move higher, given that […]
$RACE Investors in Ferrari (NYSE:RACE) saw new options become available today, for the April 24th expiration. Looking up and down the RACE options chain for the new April 24th contracts and identified 1 put and 1 call contract of particular interest. The put contract at the 155.00 strike price has a current bid of 5.80. […]
$DIA $SPY $QQQ $RUTX $VXX Last week Late Friday, the stock market put up a fight, on the close it was the worst week for equities since late Y 2008, as the S&P 500 (-0.8%) gave back 11.5% since the prior Friday, recording its 7th day running of losses, falling to its lowest level since […]
$DIA $SPY $QQQ $RUTX $VXX Technical Analysis at the weekended 21 February NAS Comp: It sold to the 10-Day EMA and then rebounded and filled the gap from Wednesday. It is still using the 10-day EMA as it trends higher. S&P 500: It tapped at the 20-Day EMA on the low, rebounded to a modest […]
$DIA $SPY $QQQ $RUTX $VXX Last Friday’s Action Stocks recovered but struggled late in the day as the Fed, after a big repurchase operation in the am, said it will reduce the amount of the repos. The overnight repo saw $45.85-B in demand pasting the Fed’s offer. The 2-wk repo saw $59.02-B Vs the $30-B […]
$DIA $SPY $QQQ $RUTX $VXX DJIA futures are little changed Sunday night, along with S&P 500 futures and NAS Comp futures. The stock market rally showed surprising strength last week, but it is not unprecedented. The stock market rally’s instant recovery from the coronavirus sell-off was surprising. Normally, when the stock market sells off fast, […]
$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 […]
$DIA $SPY $QQQ $RUTX $VXX We are deep in earnings season. Stay tuned daily. What happened last week Facebook (NASDAQ:FB) struggled as caught a bid and rallied The DJIA and the S&P 400 tested the 50-Day MA, but the NAS Comp and S&P 500 did not, but rebounded.Q-4 GDP came in at 2.1% the slowest […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Wall Street’s 3 major averages kicked off the trading week by closing at records Monday as signs pointed to progress between the United States and China on a trade truce, while a round of merger deals also helped buoy investor sentiment. President Donald Trump applauded the achievement. “Another new Stock […]
$XAU, $GLD, $IAU, $UGLD Exchange-traded funds (ETFs) give traders access to the price movements of gold without having to buy physical gold. Instead, the ETF does this for the investor. Gold ETFs are typically structured as trusts. Under this structure, the ETF holds a certain amount of gold for each share of the ETF issued. Buying […]
$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 […]
$FMCC, $FMNA Fannie Mae and Freddie Mac spiked on good news for investors. US Treasury Secretary Steven Mnuchin said he will soon reach a deal to allow the 2 mortgage giants to retain earnings and a legal victory that gave shareholders renewed hope of getting their hands on some of the companies billions of dollars […]
$DIA, $SPY, $QQQ, $RUTX, $GLD, $SLV, $USD, $VXX FlASH: Global Market Uncertainty Means Precious Metals Will Continue To Rise This level of uncertainty in the global markets will prompt a massive move in the precious metals markets as traders and investors continue to put money into precious metals as a means to hedge against fear […]
$CNY, $USD, $GS FLASH: The RMB Yuan’s rally has more room to run as China’s economic recovery picks up The currency will advance about 1.5% to 6.6 a USD in the next 12 months, says the Chief China economist at Goldman Sachs in Hong Kong. That is more Bullish than Goldman’s 6.7 forecast in January. […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: March is shaping up as pivotal for the world economy. The coming weeks are set to offer clarity on a US-China trade deal, Britain’s fate within the EU and any signs that China’s economy is turning around. Also, President Trump is mulling a report that may lead him to […]
FLASH: The Green New Deal is beyond Crazy If you have not been disappointed by politics lately, you have noy been paying attention. The political fantasies of today may not become some major change immediately, but they do set the tone for where could head in the next few years. The “Green New Deal” sounds too crazy […]
$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 […]
$RACE Ferrari’s (NYSE:RACE) sales mix trended toward its “entry-level” Portofino Supercar in the Q-3 rather than its high-margin Limited-Edition models. The iconic Italian Supercar maker has had a run of record earnings, helped by its higher-margin Special Edition models and a “customisations programme’. Investors have been looking for reassurance that new CEO Louis Camilleri can […]
The Trump Effect: The S&P 500 +28% Since His Election $SPY, $ABMD, $GE President Donald Trump has taken credit for the stock market’s gains during his 21 months in the White House, and those claims are reasonable given the impact of tax cuts and pro-business policies on investor sentiment. The S&P 500 has risen 28% […]
Institutional Investors to Launch Services Dedicated to Cryptocurrencies $BTCUSD, $BLK, $GS, $C, $ICE, $JPM The rejections by the US Securities and Exchange Commission (SEC) for the Bitcoin-based ETFs exchange traded funds is no deterrent to aspiring firms hopeful of launching the long-awaited cryptocurrency product. Leading cryptocurrency exchange operator Coinbase has emerged as the latest contender in the race to launch a cryptocurrency […]
Canadian Marijuana ETF in Shares Up 124% Since April $HMMJ, $MJ, $CGC, $STZ, $SMG The 1st marijuana ETF (exchange-traded fund) has reached a milestone that has as much to do with surging marijuana stocks as it does with investor inflows. The Horizons Marijuana Life Sciences Index ETF’s (HMMJ) total assets have grown to more than […]
Cryptocurrencies Falling Through Key Supports $BTCUSD Bitcoin and other digital currencies trading lower Tuesday, with Bitcoin notching its worst daily decline in 3 weeks. The price of a single bitcoin BTCUSD, -0.72% was down as much as 6%, breaking out of a short-term trading band of $7,800-$8,200. Bitcoin last changed hands at $7,725.26, down 5.3% since Monday at […]
METALLA ROYALTY & STREAMING LTD. (TSXV:MTA; OTCQX:MTAFF; Frankfurt:X9CP) $MTAFF, $SLV, $GLD Market Cap C$ 58-M, C$ 0.76/share METALLA’s PRODUCTION RESULTS AND GUIDANCE FOR FY 2018 & 2019 $MTAFF, $SLV, $GLD Metalla Royalty & Streaming Ltd. announced preliminary production results for the 12 months ended 31 May 2018 of 519,791 oz of attributable Silver, where 429,315 oz. were sold and provisionally invoiced and […]
Abu Dhabi Sovereign Wealth Fund is the World’s Top Real Estate Investor ADIA is 1 of the richest sovereign wealth funds in the world managing $62.1-B in real estate assets. Abu Dhabi Investment Authority (ADIA) is the #1 real estate investor in the world, a research report said, a sign of Gulf sovereign wealth funds […]
In a Volatile Market Pay Attention, Keep Cool, Do Not Overreact $DIA, $SPY, $QQQ, $VXX Stocks rebound sharply off session lows, benchmark S&P 500 broke back above 200-day MA Heavily-weighted financial sector under-performs as yields decline across the curve Investors cautious ahead of Friday’s release of the April NFPs report Some tips for new investors that […]
Wall Street ‘White Paper’: Reduce Regulations, Encourage Capital Formation $NDAQ Cutting the Red Tape Wall Street lobby groups urged US policy makers and regulators to revamp rules to encourage more initial public offerings and to reduce the regulatory cost of staying public, in a white paper issued Thursday. Groups including the Securities Industry and Financial […]
Saudi Aramco May Scrap IPO, Going with Private Investors $OIL Saudi Aramco is considering the sale of a stake to a Chinese investor as plans for its highly-anticipated international public offering are pushed beyond its Y 2018 target, sources familiar with the matter said Friday. The IPO (initial public offering) is expected to be the […]
Computershare Limited (ASX:CPU) Down 3.5% At the time of writing, the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has declined a whopping 80 points, or 1.4%, to 5,676 points. Leading the market down are the QBE Insurance Group Ltd (ASX: QBE) share price, down 8.2%, and Computershare Limited (ASX: CPU), down 3.5%. Computershare Limited is engaged […]
Bitcoin (cryptocurrencies) Emerges as a New Asset Class $GLD, $USD, $BTC No asset has evolved from concept to storing billions of dollars as fast as Bitcoin. In the 7 years since inception, a robust ecosystem has developed. Retail traders have the infrastructure to drive over $1-B in daily liquidity while professionals can access tailored financial […]
Gawk Inc. announces long term Investor Relations agreement with Growth Circle, Inc. $GAWK Los Angeles, January 19, 2017 — GAWK Inc. (OTC PINK: GAWK) CEO Scott Kettle is pleased to announce that GAWK in its commitment to pro-active shareholder communication has retained the services of Growth Circle for long-term Investor Relations services. “We have always […]
US Investor Optimism Running at 9 Year Highs $DIA, $SPY, $QQQ, $VXX Investor optimism in the US is at a 9-year high as the stock market has climbed to record highs following the Election of Republican Donald Trump as President. The Wells Fargo/Gallup Investor a534870-Megan-Fox-Call-of-DutyFeatures-Star-inEpicnd Retirement Optimism Index increased in November to 96 from 79 […]
Stock Investor/Trader Glossary: Candlestick Candlesticks are used for charting price action by displaying the high, low, open and close prices for the time period specified. Depending if the candlestick closes higher or lower from the opening price, it will have a different color, usually either red or green (white) where Red marks a down candle […]
Stock Investor/Trader Glossary: The Bid Price The bid price represents what buyers are willing to pay for that particular security and the bid size represents how much a trader is willing to buy at that specific price. The size for stocks is in multiples of 100 so for the size of 100 one would multiply […]
New to the World of Investing? Get Started as a Trader $DIA, $SPY, $QQQ, $VXX If you are new to the investing world, your experience is likely very limited or none at all. You may be thinking about becoming a trader because you heard about how exciting the stock market is and the profits that […]
Australia’s Economy Showing Resilience to Commodity Slump, Risk Lingers $MCO Australia’s economy is continuing to display resilience to commodity price declines, however external financing risks do linger, global ratings agency Moody’s Investor Services said Wednesday. Australia’s growth should continue to outpace its commodity exporting triple-A (stable) rated peers New Zealand, Canada and Norway over the […]
US Federal Reserve, Hawks Vs Doves $DIA, $SPY, $QQQ, $VXX Friday we had 4 FOMC members speaking and participating on panels (jawboning). Within the US Fed there are colliding forces about US monetary policy. Not a situation that is market/investor healthy. The latest FOMC votes reveal that 3 members of the FOMC dissented in favor […]
Qatar Plans Zones w/Tax Incentives to lure Overseas Investors Qatar is seeking to draw in more foreign investors and cut its dependence on gas revenues by setting up special economic zones that will allow for 100% overseas ownership. The world’s top LNG exporter is one of the richest countries per capita but faces a projected […]
The AAII Sentiment Survey for the Frame Ended 8 June 2016 $DIA, $SPY, $QQQ, $VXX The AAII Investor Sentiment Survey measures the percentage of individual investors who are Bullish, Bearish, and Neutral on the US stock market for the next 6 months, The AAII Investor Sentiment Survey has become a widely followed measure of the […]
A Stock Market History Lesson $DIA, $SPY, $QQQ Going back to Y 1929, the S&P 500, excluding dividends, has been unchanged on the year just 5 times; Y’s 1947, 1948, 1970, 2011, and 2015. Meaning, the success rate of hold a Neutral stance on the market in the 86 years between Y’s 1929 and 2015 […]