1. Chinese New Year buying and more deaths in war-torn Yemen have ignited yet another solid rally in gold.2. Please click here now: https://gracelandupdates.com/wordpress/wp-content/uploads/2020/01/2020jan21gold1.png Double-click to enlarge. Gold is staging a breakout from an irregular bull flag pattern and doing so from strong support in the $1550-$1530 zone. 3. I'm projec...Read More
I've been a hardcore deflationist for so long that it took a wake-up call from the always astute Jesse Felder to jolt me out of my complacency. His latest report is headlined Dr. Copper Could Soon Deliver a Diagnosis of Inflation, and it's an eye-opener. The chart accompanying Felder's think-piece suggests that copper futures have been developing thrust for the last several years that could l...Read More
The IMF now sees growth at 3.3% this year, down from 3.4% and also cut the 2021 forecast to 3.4% from 3.6%. Yet it still lifted the outlook for China to 6%. Slower growth rates imply lower interest rates. Low interest rates along with high inflation will result in continued rise on gold investment demand for the rest of the year. If gold price rise sharply and silver lags, then retail investor...Read More
The CDC reported the first U.S. case of the coronavirus earlierThe Dow finished lower by triple digits today and snapped a five-day winning streak in the process. The blue-chip index was down more than 200 points at its session low, after the Centers for Disease Control and Prevention (CDC) reported the first U.S. case of the coronavirus that's killed at least six people in China. Boeing (BA) als...Read More
The commodities stock is at a four-year lowDomestic steel stocks are getting hammered today, and that has meant a new nearly four-year low of $9.81 for United States Steel Corporation (NYSE:X), the shares last seen 6.5% lower on the day. They've broken below a long-time floor at the $10 level, but some options traders may be betting X can reclaim double-digit territory soon.For instance, call vo...Read More
Halliburton posted fourth-quarter earnings and revenue that exceeded analysts' estimatesOil producer Halliburton Company (NYSE:HAL) stepped into the earnings confessional this morning to report adjusted fourth-quarter earnings of 32 cents per share on$5.19 billion in revenue -- both of which beat analysts' estimates. The firm cited increased activity globally, specifically in the Middle East, Asia...Read More
STM has blazed a path higher over the past five monthsThe U.S. stock market ended 2019 on a high note, thanks in part to strength in technology stocks. The semiconductor sector, in particular, helped lead the Nasdaq Composite (IXIC) to its largest annual return since 2013, with the tech-rich index gaining 35.2% last year. One name from this group caught our attention this week -- Swiss chipmaker S...Read More
Tilray was nearing overbought territory heading into todayThe last time we checked in with Tilray Inc (NASDAQ:TLRY), it was New Years Eve, and options traders were blasting the weed stock's recent bottom. Fast forward three weeks, and TLRY has rallied into a trendline that has historically bearish implications for the next month. More specifically, Tilray stock is trading within one standard dev...Read More
The U.S.-China trade agreement and the coronavirus are in focus todayThe Dow Jones Industrial Average (DJI) is looking to snap its five-day win streak today as Wall Street continues to keep an eye on the coronavirus outbreak in China that has already claimed four lives. The S&P 500 Index (SPX), and Nasdaq Composite (IXIC) are cooling off from last week's all-time highs, as well. Meanwhile, pipe...Read More
AMD has been a long-term outperformer Chip name Advanced Micro Devices, Inc. (NASDAQ:AMD) is up 1.2% and fresh off a record high of $51.81 this morning, surging after receiving two analyst bull notes. Deutsche Bank hiked its price target to $40 from $29, while Northland Capital Markets raised to $42. The catalysts are unclear, but the double dose of optimism has AMD pacing toward a fourth straigh...Read More
Short interest on COST is at the highest point since MarchThe shares of Costco Wholesale Corporation (NASDAQ:COST) have jumped 2.1% out of the gate to trade at $310.92, after Oppenheimer upgraded the retail stock to "outperform" from "perform," while lifting its price target to $335 from $300. The brokerage firm wrote about the equity's attractive valuation, while mentioning the company's improvin...Read More
Most analysts are already tremendously bullish toward ETONIn the biotech sphere today, the big news is a co-promotional agreement between drugmakers Eton Pharmaceuticals Inc (NASDAQ:ETON) and privately held Xellia Pharmaceuticals. The two companies will team up to promote Biorphen, Eton's Food and Drug Administration (FDA) approved blood pressure treatment. In response, Eton stock is up 3.2% to...Read More
Evercore ISI lifted its price target to $404 from $342Adobe Inc (NASDAQ:ABDE) is brushing off a bull note from Evercore ISI this morning, just one session after hitting an all-time high of $349.95. Specifically, the analyst raised its price target to $404 from $342 -- a roughly 15% premium to Friday's close. At last check, ADBE is down 1.2% at $345.40.The equity has been on a tear after breaking o...Read More
Investors are keeping an eye on the virus outbreak in AsiaThe Dow Jones Industrial Average (DJI) could be set to snap its five-day winning streak today, as U.S. stock futures trade below fair value. Traders are monitoring the effects of the coronavirus outbreak in China, which is putting pressure on travel stocks this morning. Investors are also taking in headlines from the World Economic Forum in...Read More
There's a key VIX level to watch in the coming weeks"The S&P 500 is on one of its longest streaks without a 1% daily move in the past five decades, highlighting how the latest leg of the stock-market rally has been a gradual climb rather than a euphoric surge. The broad equity gauge hasn't moved 1% or more in either direction since mid-October, its sixth-longest streak since the end of 1969 and th...Read More
Jack ChanPosted Jan 20, 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.Gold sector as represented by $HUI is on a short-term SELL signal.Short-term signals can last for weeks and are more suitable for traders.Speculation is at a new high.Silver speculation is at levels of previous tops.Our ratio is on se...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comJan 21, 2020Chinese New Year buying and more deaths in war-torn Yemen have ignited yet another solid rally in gold.Please click here now: Double-click to enlarge.Gold is staging a breakout from an irregular bull flag pattern and doing so from strong support in the $1550-$1530 zone. I&rsquo...Read More
Jim Willie CB, editor of the "HAT TRICK LETTER" Subscribe: Hat Trick Letter Use the above link to subscribe to the paid research reports, which include coverage of critically important factors at work during the ongoing panicky attempt to sustain an unsustainable system burdened by numerous imbalances aggravated by global village forces. The historically unprecedented ongoing collapse has be...Read More
- Clive MaundAt first glance gold looks like it may be about to advance out of a bull Flag, but there are a number of factors in play that we will examine which suggest that any near-term advance won't get far before it turns and drops again, and that a longer period of consolidation and perhaps reaction is necessary before it makes significant further progress.On the 6-month chart we can see ho...Read More
1. Chinese New Year buying and more deaths in war-torn Yemen have ignited yet another solid rally in gold.2. Please click here now: https://gracelandupdates.com/wordpress/wp-content/uploads/2020/01/2020jan21gold1.png Double-click to enlarge. Gold is staging a breakout from an irregular bull flag pattern and doing so from strong support in the $1550-$1530 zone. 3. I'm projec...Read More