Chesapeake Energy stock fell as much as 50% Monday morning following a report that the troubled natural gas producer had hired a restructuring firm.
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The silver price is up more than 2% in early trading today (Monday) to $15.33, continuing a 2016 rally for the precious metal.
Stifel Nicolaus analysts made headlines when they recently downgraded Twitter, noting that they were returning their rating to “where it should have been all along – Sell.” Other analysts are piling on.
Beyond all the political histrionics, is there not some broad recognition that whoever occupies the White House in 2017 will preside over a financial debacle like unto nothing in scale that the world has ever seen before?
Gold has broken out through the long term trendline from the 2012 peak but confirmation from long term indicators is still needed to signal a new bull market.