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Was Gold's Big Rally Ever More Than Just a Dream?
SmallCap Network /

Jul 9, 2020

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01:13 PM PST

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What a nasty day for the market, but what a downright-wicked day for gold. I'm not surprised gold futures fell to a low of $1348 per ounce, though I'll admit I'm surprised the metal went straight there after Friday's sizable pullback. Normally a dip like Friday's 5.4% plunge would have set up at least a small bounce. This time though, the sellers started the day with an agenda.


Anyway, the media's coverage of gold's implosion is taking center-stage today, even more-so than the market's big slide. As much as I hate to jump on the bandwagon, I have to get into that dance. Don't worry though.... my two cents is guaranteed to be a take you've yet to hear. After that, we'll poke and prod the broad market for you.


It Was Never More Than a Dream

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Gold's Drubbing Shouldn't Be a Surprise
SmallCap Network /

Jul 9, 2020

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01:13 PM PST

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Good Friday afternoon everyone (or good Saturday morning for some of you). Of course, the market tainted the day a little bit, by losing a decent chunk of the gains it had managed to tack on earlier this week.


Honestly, the market never had a chance today. Not only was it starting to feel the weight of four straight daily gains, a 0.4% slide in March's retail sales plus a dip in consumer sentiment hit the market in the gut when it was already pretty vulnerable.

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The Case Against Afrezza, and Mannkind
SmallCap Network /

Jul 9, 2020

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01:13 PM PST

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Amazingly enough, I don't have a lot to say here in the shadow of yesterday's break to new all-time highs. The market was up today mostly thanks to the momentum of yesterday's euphoria, though a good-sized dip in the number of new unemployment claims provided a boost for stocks too. For the time being we just have to wait for that momentum to run its course. What I'm really interested in seeing is how these same buyers react when the bears really put them to the test.


I'll gladly tell you how I think this is all going to shake-out though.

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Two Stocks Ready to Rock and Roll, But is the Market Ready Too?
SmallCap Network /

Jul 9, 2020

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01:13 PM PST

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Wow. I'll be the first to say I don't agree with the bulls' decision to break past some key ceilings today and take the market to all-time highs. But, I'll also be the first to recommend not fighting the tape; if the buyers want to drive stocks higher, I'll gladly ride that trend.


We've got a deeper analysis of today's action and what it means below, but a couple of stocks need some attention first.

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Why Wednesday's Bearish Action is More Than a Little Worrisome
SmallCap Network /

Jul 9, 2020

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01:13 PM PST

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Happy Wednesday everybody. First and foremost, holy cow was Wednesday a nasty day!


Believe it or not, it wasn't the worst day stocks have seen this year. It was one of the worst, but not the worst. Still, this setback did some damage that suggests things have officially taken a turn for the worst.

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