Press Esc to close

Welcome to Money Morning - Only the News You Can Profit From.

Close

This Says Our Favorite Biotech Is Off to the Races

Shares of Inovio Pharmaceuticals Inc. (NYSE: INO) – a promising biotech we recommended back in February 2013 – jumped as much as 27% to a three-month high of $14.20 yesterday after the company said a new cancer drug met its main goal in a midstage clinical trial.

Inovio’s shares backtracked a bit as the day progressed but still closed 17.6% higher for the session. Inovio shares have advanced 361% since we first told you about them. The stock has generated a peak gain of 456%, making it one of the 31 recommendations we’ve made to you that have doubled or better since we launched Private Briefing in August 2011. (More on that later…)

  • Featured Story

    The Dumb Money Hates Silver, it’s Time to Go Long

    Speculators hate silver...

    For the past year, the positive silver headlines have been few and far between.

    Ever since the poor man's gold peaked near $50 in April of last year, it's become a despised metal.

    Admittedly, it's been languishing near $27 since early May not far from where it was for the first time - in this bull market - back in late 2010.

    But as I'll show you, right now a number of technical, seasonal, and sentiment indicators are pointing upwards for this volatile metal.

    This could well be the critical turning point silver investors have been waiting for. One of these indicators is the resilient price of gold.

    Let me explain.

    The Silver/Gold Ratio

    Silver has always pretty much been gold's lapdog and on a relatively short leash at that.

    As a rule, silver prices usually follow the direction of gold. But as long time silver investors recognize, the moves are amplified both on the downside and the upside. Silver prices are simply more volatile than gold prices.

    As for gold, since it peaked about a year ago, it seems to be drifting aimlessly in zombie land. For the better part of the year it's been consolidating about 16% below its previous peak of $1,900.

    Today, at $1,600, gold is back to levels its first saw a whole year ago. What investors need to pay attention to is the gold to silver ratio.


    Read More...
  • silver prices silver coin prices