Month: July 2020

(Bloomberg) — The U.S. Mint has reduced the volume of gold and silver coins it’s distributing to authorized purchasers as the coronavirus pandemic slows production, a document seen by Bloomberg shows.The Mint’s West Point complex in New York is taking measures to prevent the virus from spreading among its employees, and that will probably slow coin production there for the next 12 to 18 months, the document shows. The facility is no longer able to produce gold and silver coins at the same time, forcing it to choose one metal over the other, according to the document, which was presented …read more […]

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Hyundai Motor Co , an early backer of hydrogen cars, has watched the electric rise of Tesla, including on its home turf. The South Korean company plans to introduce two production lines dedicated to electrics vehicles (EVs), one next year and another in 2024, according to an internal union newsletter seen by Reuters. Euisun Chung, leader of the Hyundai Motor Group conglomerate that also includes Kia Motors, has also held a series of meetings since May with his counterparts at Samsung, LG and SK Group, which make batteries and electronic parts. …read more […]

Gold has been on a tear…
In case you didn’t know, it is up 24% year to date – versus a flat S&P 500.
That alone has made gold one of the very best tradable asset classes on the entire market right now.
Yes, you heard me correctly…
Right now, gold is more tradable than tech stocks, the stay-at-home names, or even biotech and vaccine ETFs.
Now, I admit…
Never in a million years would I have thought I’d be saying these words.
After all, I’ve been trading for over 20 years – and gold has always been tricky for me.
But not anymore…
You see, in The War …read more […]

The U.S. Securities and Exchange Commission (SEC) has proposed a new 13F rule. Although the SEC encourages transparencies, this new filing rule would do the complete opposite. Chief Income Strategist Marc Lichtenfeld gives his opinion and explains how it will hurt investors.
When was the last time anything good came out of Washington?
Anytime I see a news story with a Washington dateline, I think, “Here we go, this is going to ruin my day.”
Amid the chaos we are experiencing these days, the Securities and Exchange Commission (SEC) has quietly proposed a rule that will be harmful to investors. No one seems …read more […]

Gordon Johnson, GLJ Research’s Founder and CEO, joined Yahoo Finance’s The Final Round to discuss his outlook on Tesla and why the company’s demand in China may not be what it seems. …read more […]

Stock futures opened slightly higher Monday evening, with developments on the Covid-19 vaccine front, stimulus talks in Washington and corporate earnings results front and center. …read more […]

(Bloomberg) — Intel Corp. ousted Chief Engineering Officer Murthy Renduchintala after the chipmaker failed to keep up with the latest manufacturing advances.The executive will leave Aug. 3, and his organization will be split up and led by other leaders. Intel said it was making the changes “to accelerate product leadership and improve focus and accountability in process technology execution,” according to a statement.When Renduchintala joined Intel more than four years ago, he was lauded as someone with the experience needed to upgrade Intel’s design efforts. He was later promoted to his current position, which added responsibility for manufacturing, a key …read more […]

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The GOP released the details of the second coronavirus stimulus bill. Yahoo Finance’s Jessica Smith joins The Final Round to break down it all down. …read more […]

Jobless claims have increased.
COVID-19 case numbers are moving higher.
Tensions between the U.S. and China are escalating.
The markets are wobbling.
And the U.S. dollar is at its lowest level in two years.
All of this is providing the perfect storm for gold!
In fact, the precious metal is soaring to new all-time highs!
And I think there’s plenty more room for it to run.
I thought this was an ideal opportunity to reach out once again to Asset Strategies International President and COO Rich Checkan.
I don’t know if there’s another precious metals expert whose opinion I value more than his.
The last time Rich shared his thoughts …read more […]

The monumental 2016 hack resulted in one of the single-largest losses in bitcoin of all time. …read more […]

Talk of extending unemployment benefits has raised concerns that the extra $600 per week will keep Americans from returning to work. That’s far from the case, according to a new analysis of workers who made more while unemployed. …read more […]