By David SmithMost resource sector writers (including me) have for a long time been "wrong" about gold and silver.When they ran from $250 and $5 an ounce, respectively, to $1,920 and $49 in 2011, those who listened, acted, and sold a bit did quite well. We argued the "longer time bullish case" as these metals dropped into their final cyclical bear market graves in late 2015.But that was then......Read More
By Ricky WenTuesday's session played out as a 'gap up and go' structure that faded in the final few minutes of regular trading hours (RTH). If you recall, RTH opened at 2863.25 after Monday's closing print of 2827.5 on the Emini S&P 500 (ES), so it was a +1.2% gap up. Then price action continued in the trending direction for the majority of the day, forming higher lows and higher highs as the...Read More
By: Gary SavageThe $SPX daily cycle low hit? Hard to tell but the 200-DMA resistance zone is..https://blog.smartmoneytrackerpremium.com/Read More
By: Ira EpsteinGold does not want to go much lower, it appears but over the short-term a bearish trend putting pressure on the downtrend..Read More
Bob Moriarty of 321gold discusses economic collapse and gold.I like to read. I read fast and that helps. I can't quite come to grips with all these guys now coming out with 25-minute videos they insist we watch instead of reading. Do they really believe that everyone has so much free time that they can pay attention to someone chattering away for 25 minutes?Most of what you read or watch will be n...Read More
Bob Moriarty of 321gold discusses economic collapse and gold.I like to read. I read fast and that helps. I can't quite come to grips with all these guys now coming out with 25-minute videos they insist we watch instead of reading. Do they really believe that everyone has so much free time that they can pay attention to someone chattering away for 25 minutes?Most of what you read or watch will be n...Read More
LONDON, 6 May 2020 - Popular opinion and news-site Medium today quotes insight and data from BullionVault on how the Coronavirus Pandemic is affecting the global gold market."BullionVault has seen a record number of new accounts in March and April, all wanting gold delivered," says the report.But the Covid Crisis "has thrown a wrench in moving metal around really quickly, easily, and at low cost,"...Read More
By: Ira EpsteinGold's action is not bad! You can see the short-term daily chart show the downtrend in the short-term, to break out of the pattern, gold would need to get over $1737:Read More
There will be a sell off if gold and silver fall today. Crude oil is bullish. There will be renewed short term hot money in crude oil (long positions) if crude oil rises till Thursday. Gold is somehow managing to float over $1700. Corrections up to $1650 will be a part of the bullish trend. Short term bearish trend will be there only if gold falls below $1650. Day traders and jobbers need to rem...Read More
The possibility of the U.S. economy slowly reopening gave stocks a big boost The Dow notched a roughly 133-point win on Tuesday -- despite ceding a chunk of its gains from earlier in the session -- as some concern over a second wave of coronavirus cases lingers. Overall though,Wall Street eyed talks of slowly reopening the U.S. economy with optimism, especially after New York Governor Andrew Cuomo...Read More
AKAM has ample support during this unsteady climateCloud computing name Akamai Technologies, Inc (NASDAQ:AKAM) is one of many the many stocks suffering a volatile swings during the past two months. When trading during such an unsteady stock market climate, it's important to gather ample support behind any decision when it comes to your portfolio. One way we gauge what a potential pullback means fo...Read More
Gold prices have been in focus amid the broad-market volatilityGold prices have been on investor's radar all year, amid the broad market crash and subsequent rapid recovery. Through it all, mining stocks such as Gold Fields Limited (NYSE:GFI) have come out relatively unscathed, to the tune of a 107% 12-month gain. As if that's not enough, data from Schaeffer's Senior Quantitative Analyst Rocky Whi...Read More
The Dow is up around 360 points middayThe Dow Jones Industrial Average (DJI) is up around 360 points at midday, as hopes of the economy "reopening" and new earnings data outweigh the hesitance surroundingfears of a potential second wave. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also firmly in the black, with oil eyeing its fifth-straight session of wins. At last check, the front-m...Read More
Marathon reported a slimmer-than-expected, first-quarter lossThe shares of Marathon Petroleum Corp (NYSE:MPC) are up 1.4% at $31.96 this morning after reporting slimmer-than-expected, first-quarter losses of 16 cents per share, compared to analysts' anticipated losses of 31 cents per share. The firm's reported revenue of $24.08 billion also beat estimates. Meanwhile, Marathon said it would cut sp...Read More
Hertz entered into a forbearance deal in an effort to avoid bankruptcy Since investors caught wind that Hertz Global Holdings Inc (NYSE:HTZ) was looking at the possibility of filing for bankruptcy, the shares of the car rental name have been in a landslide. Coming into today HTZ was off over 35% month-over-month; however, reports this morning say Hertz has entered into forbearances and limited...Read More
SBUX found short-term support at its 30-day trendlineAfter Starbucks Corporation (NASDAQ:SBUX) reported last week earnings that fell short of Wall Street's expectations, the company announced last night it expects 90% of company-owned stores in the U.S. to be open by early June, with 85% to be opened by the end of this week. As a result, the shares of Starbucks are up 3.5%, last seen trading at...Read More
Crude futures are eyeing their fifth straight win todayDow Jones Industrial Average (DJI) futures are signaling big gains this morning, ready to build off of yesterday's tech-fueled rally. Futures on the Nasdaq-100 Index (NDX) and S&P 500 Index (SPX) are also confidently above fair value, as investors look for signs of a slowly reopening U.S. economy amid the coronavirus crisis. Oil prices app...Read More
Jack ChanPosted May 4, 2020Gold sector as represented by $HUI is on a long-term BUY signal.Long-term signals can last for months and are more suitable for investors.Short-term is on BUY signal. Short-term signals can last for days and weeks and are more suitable for traders.Our ratio remains on BUY signal.Long-term is bullish. $HUI needs a weekly close above 278 to confirm that a new bull leg is i...Read More
Allianz Chief Economic Advisor, Mohamed A. El-Erian discusses the impact the coronavirus has has on the economy, the government's fiscal and monetary response and why the worst is not over.Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of the world...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comMay 5, 2020 Pleaseclick here now. Switzerland loves bunkers and Switzerland loves gold. The simple difference between the Swiss government and the US government is that the Swiss government loves to prepare its citizens for hardship, and America’s government leaves its citizens total...Read More