The gold bull market ended 2019 with a strong gain of 19%. The first half the year was marked with uncertainty as the price after an early year surge to $1350 gave up all of it's gains to drift lower to trade down on the year by early May. However, this was the calm before the bull market storm and that set the stage for a powerful bull run starting early June that saw the Gold price rocket higher...Read More
Gold rally goes on, reaching almost $1,700 per ounce. What the heck is just happening in the precious metals market? Gold Rallies Above $1,680Wow, what an escalation! On Thursday, we reported that gold jumped above $1,600. On Friday, its price surpassed $1,640, as the chart below shows. And today morning, it has rallied even further, reaching $1,684. Chart 1: Gold prices in 2020 (London P.M. Fix)....Read More
“Minsky Moment” refers to the idea that periods of bullish speculation will eventually lead to a crisis, wherein a sudden decline in optimism causes a spectacular market crash. Named after economist Hyman Minsky, the theory centers around the inherent instability of stock markets, especially bull markets such as the current one that has been in place for over a decade. As&nbs...Read More
Stewart Thomson, Graceland Updates 1. The US stock market is in "sleigh ride" mode against gold stocks.2. Please click here now. Double-click to enlarge this chart. Yesterday was another day of disappointment, fear, and outright terror... for most investors who are locked in the Dow versus GDX sled.3. The disintegration of the US stock market against GDX began...Read More
By: Ira EpsteinGold market's 18-DMA is under $1,600. 5 days in a row OVER the Bollinger band. Tomorrow it is likely try to get under the band, under $1,650..Read More
Silver has not risen at all. Just trade in the technical in silver. Corrections in gold are healthy. There are lots of US economic data next week. US various February jobs report will be there next week. Correction or profit booking in gold and silver will be there. Corrections will be healthy to ensure that the current rally in gold is a sustainable one. A continued one way rise will imply a bo...Read More
Wall Street's "fear gauge," the VIX hit its highest point since late 2018The Dow's disastrous free-fall continued today with its fourth-straight triple-digit loss, after the Center for Disease Control (CDC) warned that the spread of the coronavirus outbreak from Europe to the U.S. could be imminent. The blue-chip index -- which pivoted lower at midday after a brief foray into the black this mornin...Read More
DVA shares have broken out of a series of lower highsHealthcare stock DaVita Inc (NYSE:DVA) has recently pulled back after hitting record highs and reporting strong quarterly results. On a longer-term basis, the shares seem to have broken out of a series of lower highs in place since 2015, hinting that more upside is possible going forward. There's plenty of bearish bias that could unwind around D...Read More
Expedia just laid off 12% of its workforce Online travel specialist Expedia Group Inc (NASDAQ:EXPE) is gapping lower today on news that the company plans on cutting 3,000 jobs -- 12% of its workforce -- in an effort to streamline its business. This comes right on the heels of the company's decision to forgo a full-year forecast amid the growing coronavirus uncertainty. EXPE is now trading back bel...Read More
Gold prices ended lower on Tuesday, giving back a big chunk of the previous session's haven-inspired gains in a bout of apparent profit-taking. "Let's see how well gold is supported on pullbacks now-my suspicion is that it will find strong buying interesting and price support on pullbacks that...will be short-lived," Peter Spina, president and chief executive officer of GoldSeek.com, told MarketW...Read More
Anxieties over the spread of the coronavirus from Italy to the U.S. are high The Dow Jones Industrial Average (DJI) this morning was on pace to recoup some of its massive 1,031-point sell-off on Monday, but has since turned lower around midday, brushing off a post-earnings pop from Home Depot (HD). Despite thisrebound attempt, coronavirus anxiety is still high, with investors fretting over a possi...Read More
HD is enjoying a morning lift after earningsShares of retailer Home Depot Inc (NYSE:HD) are up 1.8% this morning, last seen at $244.34, following the company's upbeat quarterly report. The Lowe's (LOW) rival reported earnings of $2.28 per share for the fourth quarter, higher than the anticipated $2.10 per share. The home improvement giant also reported better-than-expected sales of $25.78 bill...Read More
MRNA calls are all the rage latelyModerna Inc. (NASDAQ:MRNA) shares are surging 11.21% to trade at $20.54 this morning, as the company delivers its experimental coronavirus vaccine to the United States for human testing. Given the fact that the infection appears to be leading the charge in the sharp stock market drop, the vaccine is a welcome response to the spreading threat.Moderna stock has reli...Read More
The homebuilding stock is now up 20% year-to-dateThe shares of Toll Brothers Inc (NYSE:TOL) are down 0.1% to trade at $46.90 this morning, despite a bull note from SunTrust Robinson. The brokerage firm hiked its price target to $47 from $37, in line with the homebuilding stock's closing perch yesterday of $46.98.Homebuilding stocks like Toll Brothers were one of the strongest groups in 2019, and...Read More
GE is up nearly 15% year-over-yearBoston-based General Electric Company (NYSE:GE) is enjoying a 1% lift this morning, last seen just shy of $12 after sharing its annual report. The report stated the conglomerateemployed a more consolidated 205,000 people, 70,000 of which were U.S.-based in 2019. This compares to 2018's count of 283,000. Yesterday GE was one of the many in the broad-market selloff...Read More
Mastercard's CEO Ajay Banga will resign, effective Jan. 1, 2021The shares of Mastercard Inc (NYSE:MA) are being dragged even further down the charts this morning following news of CEO Ajay Banga's resignation, at the start of 2021. Banga will be replaced by Chief Product Officer Michael Miebach. Also pressuring shares this morning is an updated current-quarter forecast from the company, predicting...Read More
Home Depot stock is pacing to open higher after earningsDow Jones Industrial Average (DJI) futures are trading above fair value this morning, as U.S. stocks prepare to gain back some of Monday's monster losses, which sent the blue-chip index spiraling more than 1,000 points. While coronavirus headlines continue to swirl, traders this morning are also monitoring earnings updates, namely from Dow co...Read More
A black swan event is one that is an unforeseeable surprise of large magnitude and consequences. Already, the coronavirus disease outbreak qualifies as a black swan event, asserts Patrick Heller, editor, Liberty's Outlook, a monthly newsletter published by Liberty Coin Service.The term "black swan" traces its lineage all the way back to 2nd Roman poet Juvenal. It became popular in financial circle...Read More
"This is taking the world's most important manufacturing center and shutting it down all at once. That's like throwing a car into reverse at 60 miles per hour on the highway. . . . Supply chain disruptions are going to be legendary. . . . This isn't like one company having trouble like AIG where Hank Paulson has to ride to the rescue with $700 billion of fresh U.S. taxpayer money. We are talking a...Read More
To Watch Update #29, CLICK HERE?>>?Things are now starting to get fast and furious. Outside of China, covid-19 is swiftly breaching defense lines all over the world. Italy is suddenly in big trouble - with the military being called in to enforce city quarantines. Iran, South Korea & Japan similarly find themselves overwhelmed as new cases continue to spread unabated.And there are many other countr...Read More