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Puma Biotech Shares Up More Than 20% on Q2 Earnings and Breast Cancer Drug Sales

Shares in Puma Biotechnology are trading 20% higher today after the company released Q2/19 earnings and reported positive NERLYNX revenue growth. Biopharmaceutical company Puma Biotechnology Inc. (PBYI:NADSAQ) shares opened more than 20% higher to...

Will Trump’s Free Cash Help the Economy and Gold Market?

Economic data shows that the coronavirus crisis will be severe. To soften the blow, Trump announced his support plans for the economy. Will the stimulus package help? And when will gold finally rise? COVID-19 Hits the US Economy The global epidemic of COVID-19 has alr...

10 Million Americans Applied for Unemployment Benefits. Will Gold Save the Day?

In just two weeks of March, around 10 million Americans applied for unemployment benefits. That’s more than during the Great Recession. What does it imply for the US economy and the gold market? US Labor Market Sinks In the previous edition of the Fundam...

The Coronavirus and Gold

Rudi Fronk and Jim Anthony, cofounders of Seabridge Gold, discuss movements in the gold markets since the onset of the coronavirus pandemic. In mid-January, 2020, COMEX open interest (OI) set a new record of nearly 800,000 contracts. Swap dealers as usual supplied ...

Make America Go Back to Work Again?

The world watches as a number of economies begin, or plan, to lift certain lockdown measures that were earlier put in place to slow the spread of the coronavirus. China may have been the first to do so when it reopened Wuhan, the industrial city of 11 million that wa...

Will US Labor Market Recovery Sink Gold?

The recent job report is not reliable, but it shows recovery in the US labor market. The situation is still bad, but optimism could triumph for now, which is bad for gold. On Friday, the Bureau of Labor Services released the newest edition of the Employment Situation Repo...

Will Weaker Than Expected Payrolls Support Gold Prices?

The nonfarm payrolls came below expectations in December. That’s one month – but what about the full quarter and the year? What does a thorough examination of the jobs market mean for the gold prices? December Payrolls Below Expectations The U.S. create...

Surprise Jobs Number and What It Means For Your Positions

The Huge Non-Farm Payroll number released on Friday, June 5 th , shocked the market. A massive 2.5 million jobs were created in May 2020. If you were paying attention to the data, you’ll also understand that 1.87 million new jobless claims just last week. In ...

I'm Mad as Hell: Long Live Howard Beale

In the 1976 movie "Network," British actor Peter Finch won an Academy Award for his stunning portrayal of news anchorman Howard Beale, whose on-air descent into insanity, prompted by the social and economic conditions of the times, is now legendary. The iconic scene whe...

Visionary Vicissitude

It was one of those days that all sexagenarians loathe; you have to go to the doctor, and whether it's the GP (general practitioner) or the dentist or the proctologist, nothing reminds you more rapidly of your advancing age than going to the optometrist. Now, many of ...
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