Asset protection

High-Stakes COVID Vaccine Game Targeted By Russian Hackers

Posted by Fred Dunkley

on Wednesday, 22 July 2020 10:04

With the race to develop a COVID-19 vaccine in full force, and with Moderna having just published encouraging human trial results, news that Russian spies have been targeting vaccine developers in three countries is enough to make pharma investors extremely nervous.

Reports on Thursday emerged that Russian spies are targeting vaccine developers in the United States, Canada and the UK.

Security agencies from all three countries issued a joint statement saying that while espionage had not disrupted work on a vaccine, Russian hackers have been trying to steal information about vaccine efforts.

More specifically, the agencies are blaming the attacks on a Russian intelligence hacking group called “APT29” (aka “Cozy Bear” or “the Dukes”), which was also linked to the 2016 attacks on the Democratic National Committee.

“Throughout 2020, APT29 has targeted various organisations involved in COVID-19 vaccine development in Canada, the United States and the United Kingdom, highly likely with the intention of stealing information and intellectual property relating to the development and testing of COVID-19 vaccines,” agencies said in a warning.

The agencies said the attacks were also directed at the energy industry.

According to the UK’s NCSC security agency, the group “almost certainly operate as part of Russian intelligence services”–an assessment that is supported by the U.S. Department for Homeland Security (DHS), and other Canadian and U.S. agencies.

“APT29’s campaign of malicious activity is ongoing, predominantly against government, diplomatic, think-tank, healthcare and energy targets to steal valuable intellectual property,” the NCSC said…CLICK for complete article

15 Bullish Beliefs (Or Not) For The Market

Posted by Lance Roberts

on Tuesday, 21 July 2020 9:01

Bullish Moves

Yesterday, the market broke out of its consolidation range that we have been discussing over the past several weeks. Such is undeniably bullish and sets the market up for a test of “all-time” highs. 

However, while we did get a bit of “exuberance” yesterday, there was still considerable weakness beneath the overall market. As noted this weekend, the month of July has continued to perform as expected and has provided the seasonal lift to stocks.

“In the short-term, the bulls remain in charge currently, and as such, we must be mindful of those trends. Also, the month of July tends to be one of the better performing months of the year.” 

Read More

 

 

Gold price climbs again after Citi says record is “matter of time”

Posted by Mining.com

on Tuesday, 21 July 2020 6:51

The rally in the gold price regained momentum on Monday as investors continue to pile into hard assets amid a flood of easy money on financial markets in the developed world and expectations of a prolonged period of ultra-low interest rates and currency debasement.

Gold for delivery in August, the most active contract on the Comex market in New York with 17 million ounces traded by early afternoon, touched a high of $1,823.40 an ounce, just short of a near 9-year high.

Gold is now up 19.7%, or $300 an ounce so far this year. The last time gold traded above $1,800 an ounce was September 2011, but it ended that year at $1,565 an ounce.

Bloomberg reports, according to Citigroup’s third-quarter commodities outlook, the price of gold “is expected to climb to an all-time high in the next six-to-nine months, and there’s a 30% probability it’ll top $2,000 an ounce in the next three-to-five months.” CLICK for complete article

Big Fat Idea – The Metals Behind the Tesla Boom

Posted by MoneyTalks Editor

on Monday, 20 July 2020 10:11

Paul Gill, CEO of Lomiko Metals and Lomiko Technologies shares with Mike some of the critical (and scarce) metal markets that will be key to supporting the green technology revolutions – and why $1500 Telsa shares Do make sense!

3 ETFs For This Week’s Slew Of Earnings Reports

Posted by Todd Schriber

on Monday, 20 July 2020 6:26

The big money center banks got second-quarter earnings season rolling last week, but hundreds more reports are coming this week. In fact, the financial services sector is nowhere near done with second-quarter earnings as dozens of asset managers, credit card issuers and regional banks will step into the earnings confessional this week.

For traders looking for other industries and sectors with earnings catalysts this week, they’re in luck because opportunities abound. Of course, plenty of exchange-traded funds will be worth tapping into this week, too.

Here are three ETFs that will be stepping into the earnings limelight in a big way this week.

U.S. Global Jets ETF (JETS)

The U.S. Global Jets ETF enters airlines earnings season in a tenuous sport. Amid a resurgence of coronavirus cases, the lone ETF dedicated to this industry is down 9% over the past month. Undoubtedly, JETS will be tested this week.

JetBlue gets things going on Tuesday with United Airlines Holdings following on Wednesday. On Thursday, American Airlines and Southwest report. Those four stocks combine for nearly a third of the JETS roster.

Some smaller JETS components also report throughout the week….CLICK for complete article