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    Gold Bullion Inventories At Comex Licensed Facilities

    Here are some charts showing the status of the gold bullion in licensed Comex private warehouses. The decline in ‘registered’ gold, which is gold marked available for delivery process, is striking. Rather than ‘owners per ounce’ I prefer to think about that ratio as ‘potential claims per ounce.’  That number has declined from the recent spike higher, back to only 386 to 1. I do not think any rules change is behind this shepherding of gold into the eligible storage, and so much less so as for active delivery. But if there is such a  legitimate change I would be glad to hear it. Until I do, it seems the the...
    On February 1, 2016 / By
  • Finance 0

    Gilead Faces Its Greatest Threat To Its Hepatitis C Drug: How Will That Impact Earnings?

    Photo Credit: ep_jhu Gilead Sciences, Inc. (GILD) Healthcare – Biotechnology | Reports February 2, After Market Closes. Gilead Sciences (GILD) expects to close an impressive 2015 when it reports fourth quarter earnings February 2, after the bell. The past four quarters Gilead posted positive earnings surprises of 5.9% and is expected to beat again this Wednesday. Gilead is the market leader in Hepatitis C treatment which has largely contributed to the company’s recent success. The drug is expected to strengthen its position and generate meaningful contributions to Gilead’s Q4 top line despite increased competition. This quarter th...
    On February 1, 2016 / By
  • Finance 0

    Is Apple The Next Altria?

    It’s nice to see some level-headed analysis of…well…just about anything these days. Apple (AAPL) has taken its lumps over the past six months as investors fret that the company is now “post-growth.” I don’t believe that Apple is finished growing. But even if it is, I would argue that the stock is cheap at current prices. Even utility stocks — which really are close to zero-growth companies — trade at higher valuations than Apple does today. (See Revisiting Icahn’s Apple Call After the Correction.) Barron’s Tiernan Ray made some very sensible comment’s in Saturday’s issue: Jim Cramer coached his viewers to adopt a c...
    On February 1, 2016 / By
  • Finance 0

    $22,000 – $50,000 Gold Required To Salvage World’s Debts & Derivatives

    Written by Mark O’Byrne (goldcore.com) The current meltdown of the world’s debt bubble is likely to continue in the course of the next months and Hugo Salinas Price, Mexican business magnate, investor, and philanthropist and the president of the Mexican Civic Association for Silver, believes that the salvaging all debt and derivatives might require a gold price as high as between $22,000 and $50,000 per ounce. Price believes that gold will soon help balance international trade, discipline government budgets, and re-liquefy debt that is becoming unpayable. Salinas Price’s commentary is headlined “The Coming Revaluation of Gold”...
    On February 1, 2016 / By
  • Finance 0

    Bear Market Signs

    Although Dow Theory hasn’t confirmed a bear market yet, a lot of other S&P 500 Index (SPX) indicators are starting to show bear market behavior. I’ve mentioned before that monthly MACD and Momentum are starting to look like we’re in a bear market. In addition, the long term timing indicator at Trade Followers (breadth between bullish and bearish stocks) is signalling that we’re in a long term down trend. Now it appears that weekly MACD and RSI for SPX are starting to show strong signs that we’re in a bear market. Notice on the chart below that during bear markets RSI spends most if its time below 50 with peaks in the 55 to 6...
    On February 1, 2016 / By
  • Finance 0

    Oil Is Crashing After Hedge Fund Bulls Pile In At Fastest Pace Since 2010

    Amid denied rumors of production cuts (and Goldman’s dismissal), crude oil prices have jumped “August 2015 Andy Hall squeeze style” to 3-week highs. This ‘change’ in trend has hedge funds calling the bottom once again adding to bullish oil bets at the fastest pace since 2010 in the last week. However, most ironically, it appears the weak longs are being squeezed today as WTI crashes 6%. Still, it seems many are looking for a short-squeeze initiated bottom here… (as Bloomberg reports) “A lot of the shorts got scared out,” said Tom Finlon, Jupiter, Florida-based director of Energy Analytics Gr...
    On February 1, 2016 / By
  • Finance 0

    A Coming Bull Market Everyone Is Ignoring

    January 2016 marks the starting point of a cyclical trend change. Please, take note of this sentence, as it will have a big impact for the future returns of your portfolio. Stock markets around the world collapsed, in a disorderly manner. In the US, the most important indices lost between 5 and 7 percent. Across the oceans, there was even more damage done: Japan down 8%, Germany down 9%! This whole thing is starting to smell like 2008. With one big difference: GOLD. The returns in the gold market were exceptionally good, especially against the market backdrop. The gold price increased by 5 percent. The gold mining sector jumped by 9 perce...
    On February 1, 2016 / By
  • Finance 0

    PLx Pharma IPO: Consider Holding Off

    PLx Pharma Incorporated (NASDAQ: PLXP) expects to raise $72.4 million in its upcoming IPO. Based in Houston, Texas, PLXP is a specialty pharmaceutical company developing treatments for cardiovascular disease and medication for pain and inflammation. We previewed the deal on our IPO Insights platform. PLXP will offer 3.8 million shares at an expected price range of $17 to $19. PLXP filed for the IPO on October 5, 2015. Lead Underwriters: Maxim Group and Raymond James & Associates Underwriters: Janney Montgomery Scott LLC Business Summary: Specialty Pharmaceutical Company Developing Treatment for Cardiovascular Disease PLx Pharma is a lat...
    On February 1, 2016 / By
  • Finance 0

    Time For A Trend Change In TIPS?

    Investors have been flocking to the safety of treasury bonds in recent months as volatility in stocks has pressed interest rates markedly lower. In many instances, this has caused traditional treasuries to rally near the top end of their 52-week highs and may indicate a greater risk of rich valuations fighting with waning momentum. Nevertheless, one area of the Treasury market has just started to perk up and may be signaling further strength on the horizon. Treasury Inflation Protected Securities or TIPS are government bonds whose face value increases with inflation. While most investors confuse this concept with rising interest rates, TIPS ...
    On February 1, 2016 / By
  • Finance 0

    “Safe Haven Buying” Boosts Gold Demand In Middle East

    We’ve focused a great deal on gold demand in China, India, and Eastern Bloc countries over the last several months, but people in these nations aren’t the only ones buying gold. Demand for the yellow metal is also robust in the Middle East due to what analysts call “safe haven buying.” Despite general sluggishness in the retail sector, gold jewelry sales surged in the United Arab Emirates during January. According to Gulf News, retailers in Dubai sold upwards of 8 tons of gold jewelry last month. This rivals sales rates from January 2015, despite a much more difficult environment for retailers this year. Abdul Salam K.P., a membe...
    On February 1, 2016 / By