Despite recent volatility, GOOS shares have a solid YoY leadWinter weather apparel maker Canada Goose Holdings Inc (NYSE:GOOS) just opened its first store in China to much fanfare, but Apple's (AAPL) warning about the country's economy may have some investors concerned about the retailer's prospects there. Susquehanna in a note said there's nothing worry about with GOOS, though, expecting a "long...Read More
The brokerage firm cited strong growth in cannabis use among adultsThe shares of Tilray Inc (NASDAQ:TLRY) are up 1.7% in electronic trading, after Cowen said U.S. cannabis sales will reach $80 billion by 2030 -- $5 billion more than its previous forecast -- citing larger-than-forecast gains in reported cannabis use among adults. Cowen also noted that beer sales declined 2018 on increased cannabi...Read More
• A goodish pickup in the US bond yields revive USD demand and prompt some selling. • The prevalent risk-on mood further dents the commodity’s relative safe-haven status. • Focus shifts to Wednesday’s latest FOMC meeting minutes/Powell’s speech on Thursday. Gold extended the overnight retracement slide from the...Read More
The Dow could jump 200 points at the openDow Jones Industrial Average (DJI) futures are signaling a strong start for stocks, trading well above fair value this morning. Traders willmonitortrade-related headlines as talks continue between the U.S. and China, while also awaiting a prime-time address from President Donald Trump over the government shutdown. In the meantime, there will be more economi...Read More
The 128-week moving average marked a bottom for AAPL in August 2015It was just under a month ago in this space that we discussed the significance for Apple Inc. (NASDAQ:AAPL) of its 64-week moving average, which had emerged as a new -- and immediately formidable -- layer of resistance during the course of the stock's fourth-quarter sprint from trillion-dollar market cap into bear-market territory....Read More
* World and European indexes at 3-week high * Samsung profit warning weighs on Asia * Dollar ticks up, euro hit by weak German data * Bond yields resume rise in Europe, U.S. markets * Oil stays firm in commodity markets * Graphic: World FX rates in 2019 By Marc JonesLONDON, Jan 8 (Reuters) - A strong day for Europe and a jumpin Wall Street futures kept world stocks at a three-week high onTuesday,...Read More
Defiance Silver Corp (TSX-V: DEF) and ValOro Resources (TSX-V: VRO) have created a combined company that keeps the name Defiance Silver Corp., following a friendly merger under the Business Corporations Act of the Canadian province of British Columbia.In a media statement, the Vancouver-based miners describe Defiance Silver Corp as "a leading diversified explorer with an advanced portfolio of Mexi...Read More
(Updates with closing prices)By Eric OnstadLONDON, Jan 8 (Reuters) - Aluminium prices slipped onTuesday as bearish speculators kept up selling pressure, whileother base metals were lacklustre ahead of the conclusion ofU.S.-China trade talks.Aluminium has been the worst performer on the London MetalExchange during the last two months on concerns about excesssupply that gathered momentum after the U...Read More
Falcon Gold (TSXV: FG) reported that its exploration team in Argentina found high-grade gold mineralization at concessions of its Esperanza Resources S.A. project, also known as ERSA.The project is located in the western La Rioja province and it is comprised of seven mineral concessions covering an aggregate area of 20,461 hectares. The property sits on the Sierra de Las Minas District, which is r...Read More
Getting "funded" means traders can take risks without putting their own money on the line.It is possible to build a large portfolio and never lose money from a trade ever again.Need proof?Here's how it works... Every day, "regular" traders turn into professional part-time "funded traders" using a unique trading program.All it takes is undergoing training, and learning the materials.Then someone li...Read More
Gold trades like a safe haven because in part that's what it is.The yen is a piece of crap, but it trades like a safe haven due to the relentless popularity of yen carry trades.Divergences or non-confirmations between gold and the yen can create trading opportunities.Editor's note: Originally published at tsi-blog.com on January 8, 2019 About five months ago I posted an article in response to...Read More
How you can transform lagging indicators into leading indicators.With the market action of the last few weeks, some traders may feel like they're working blind -- after all, who knows what the Dow will do next? With bulls and bears butting heads in their predictions, many investors are looking for a way to try and predict what's to come, to avoid losing any of their capital to sudden corrections a...Read More
Stock prices have become synonymous with economic growth and prosperity.In truth, the stock market is nothing more than a reflection of the inflation/currency devaluation caused by the Fed's money printing and lascivious enablement of rampant credit creation.If the stock market was "big fat ugly bubble" in 2016, what is it now?The stock market has become the United States' "sacred cow."...Read More
Canada's Kirkland Lake Gold (TSX. NYSE: KL) announced Tuesday record gold production for both 2018 and the fourth quarter of the year, thanks mainly to higher-than-expected output at its Australian Fosterville mine as well as its Ontario-based Macassa and Taylor operations.The Toronto-based miner produced 723,477 ounces of gold last year, a 21% increase from the 596,405 ounces generated in 2017.T...Read More
Canada's Kirkland Lake Gold (TSX. NYSE: KL) announced Tuesday record gold production for both 2018 and the fourth quarter of the year, thanks mainly to higher-than-expected output at its Australian Fosterville mine as well as its Ontario-based Macassa and Taylor operations.The Toronto-based miner produced 723,477 ounces of gold last year, a 21% increase from the 596,405 ounces generated in 2017.T...Read More
Gold was one of the most liquid assets of 2018, with daily trading volumes in the same neighborhood as S&P 500 companies, according to the World Gold Council.This past Friday, Federal Reserve Chairman Jerome Powell commented that "we will be patient" with further rate hikes, which I believe is good news.The Dallas Fed president, Robert Kaplan, said he supported putting additional rate hikes on...Read More
Published8:17PM ET Mon,7 Jan 2019Updated6 Hours AgoReuters Getty ImagesGold bullion bars and coins.Gold fell on Tuesday as global stocks rose on improved prospects for a U.S.-China trade deal and the dollar regained some ground, while palladium notched a fresh all-time high on tight supply.Spot gold slipped 0.3 percent to $1,284.75 per ounce as of 1:48 p.m. ET. U.S. gold futures settled down $4...Read More
McClellan Financial Publications, IncPosted Jan 7, 2019January 4, 2019“If Santa Claus should fail to call, the bears may come to Broad and Wall.”That’s the old saying in the financial markets, referring to the “Santa Claus Rally” period which consists of the last 5 trading days of the year plus the first two of the next year.Yale Hirsch first took on the task of quant...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:stewart@gutrader.comJan 8, 2019 It’s time for the queen of assets to rest and consolidate.Nothing goes up in a straight line, and that’s certainly true for gold! Please click here now. Double-click to enlarge this daily gold chart. A pullback to about $1250 would be a healthy 50% retracement of t...Read More
By: Clint SiegnerThe Bureau of Labor Statistics delivered a blowout jobs report on Friday. Headline chasing algorithms and investors responded by snapping up stocks. They also sold some gold and silver futures, driving prices lower on the day.To Wall Street cheerleaders, it looked like the stock market correction might be over and precious metals would be headed out of fashion, once again.It loo...Read More