Near the start of every year, I share our ever-popular Periodic Table of Commodity Returns, now updated to reflect the final results of 2019. To view the interactive table and download a copy of your own, click here. Commodities as a whole had a mostly positive 2019, returning 16.53 percent as measured by the S&P GSCI. This far surpasses commodities' five-year average return of about negativ...Read More
By: Ira EpsteinWill Pelosi take away the trade-deal Trump victory with an impeachment delivery to the Senate?Gold APRIL (now updated) Futures. Gold is down the first trading day of the week, 18-DMA is at $1497 area and rising. Gold peaked out at missile day. Read More
RambusHeads UP ...from Rambus Chartology."You may recall we were looking at the Japanese YEN / PM complex combo chart several months ago comparing the YEN to the PM complex. For whatever reasons how the YEN goes the PM complex tends to follow. It's not a perfect correlation but close enough to pay attention. Today the YEN gapped below an important trendline that goes all the way back to October...Read More
Ask yourself what factors what factors will affect global financial markets once the so called US-China trade deal is signed. Trade war is the biggest reason why gold prices rose from $1200 to $1600 in around twelve months. Central bank buying and other reasons have also contributed to gold price rise but the biggest catalyst has been the trade war and recession fears. I will happy if gold price...Read More
Reuters broadcasts the confession:I do think the growth in the balance sheet is having some impact on the financial markets and on the valuation of risk assets...Here we have the unassailable and unimpeachable testimony of one Robert Kaplan. He, Mr. Kaplan, presides over the Federal Reserve's Dallas branch office.And so a central bank grandee gives it straight... and stamps our dark suspicions wit...Read More
Jan 16, 2020 Guest(s): Robert Kiyosaki A ballooning retiree population over the coming years is likely to force the government to print more money in order to support pensioners, and this will create a good environment for gold, said Robert Kiyosaki, author of Who Stole My Pension? How You Can Stop the Looting. "In the next ten years, two billion old guys like me will retire. Two billion, all o...Read More
* China Dec unwrought copper imports at 527,000 T - customs * Annual copper imports down 6% at 4.98 mln T - customs * Copper concs imports hit annual record high of 21.99 mln T * Dec aluminium exports highest since July; annual shipmentsdrop (Adds graphics)By Tom DalyBEIJING, Jan 14 (Reuters) - China's unwrought copper importsrose 9.1% in December from the previous month to their highestsince Marc...Read More
By: Gary SavageAnother secular bull market in gold underway. Long basing phase is over, lots of volatility back and forth.. 7 minute long video with long-term gold chart view.https://blog.smartmoneytrackerpremium.com/Read More
StrengthsThe best performing metal this week was palladium, up 6.48 percent, notching its best weekly advance since June. While global car sales are weak, loadings for their catalytic converters are going up with regulatory requirements. Gold traders and analysts were spilt on their outlook for the yellow metal next week after this week saw big price swings due to U.S.-Iran tensions escalati...Read More
Clive MaundIt has been a week of surprises since the last updates were posted. First, I had not expected Iran to retaliate following the murder of its top General by a US drone, but it did, despite the risks, as it was politically necessary to assuage the extreme anger of its population who demanded revenge. The next surprise was that Israel and the US did not use this retaliation as an excuse t...Read More
The "phase one" trade deal between the U.S. and China will be signed on WednesdayThe Dow kicked off the week with modest gains thanks to the latest U.S.-China trade tailwinds. Ahead of the "phase one" trade deal between the two countries that's expected to be signed on Wednesday, the U.S. removed China from its list of currency manipulating countries. The S&P 500 and Nasdaq both finished in the bl...Read More
Delta Air Line's quarterly report is due out before the open tomorrow Travel concern Delta Air Lines, Inc (NYSE:DAL) is once again bumping up against recent pressure at its $60 region, just ahead of its fourth-quarter earnings report, due out before the open tomorrow. In the past, DAL has tended towards positive returns the day after its quarterly report, with only one post-earnings move during th...Read More
CDLX and DDD stocks are two big winners today on Wall StreetThe shares of 3D Systems Corporation (NYSE:DDD) and Cardlytics Inc (NASDAQ:CDLX) are trading sharply higher today, and in response options volume is heating up on both. Below is a brief rundown on how traders are approaching the shares of DDD and CDLX. For DDD, the 3-D printing specialist is trading up 11.3% at $11.12, on pace for its hig...Read More
A short squeeze could power additional gainsThe last time we covered Signet Jewelers Ltd. (NYSE:SIG), the jewelry retailer was enjoying a post-earnings breakout. A little more than a month later, the stock is in focus again, this time for its recent encounter with a historically bullish trendline.Specifically, according to Schaeffer's Senior Quantitative Analyst Rock White, Signet stock has recent...Read More
The "phase one" trade deal will reportedly be inked later this weekWith the signing of the "phase one" trade deal apparently just days away, the Dow Jones Industrial Average (DJI) is continuing its climb midday. The blue chip index is joined in positive territory by the S&P 500 Index (SPX) and Nasdaq Composite (IXIC), though upside has been fairly limited overall. Meanwhile, February-dated cru...Read More
The $138 region in general could be problematicIBM Corp (NYSE:IBM) shares are trading lower today, down 0.8% at $135.52, following a downgrade out of Evercore ISI. The brokerage firm dropped its rating to "in line" from "outperform," while reducing its price target to $145 from $160. This stacks up with what most of the Street already thinks of IBM, since the majority of covering analysts already...Read More
EXAS was overbought heading into today, tooThe shares of EXACT Sciences Corporation (NASDAQ:EXAS) are down 11.4% to trade at $92.52 this morning, after the molecular diagnostics specialist gave its preliminary fourth-quarter revenue results. The company expects to report revenue between $294 million and $296 million for the fourth quarter, and with the stock landing on the short-sale restricted l...Read More
Lululemon lifted its fourth-quarter sales and profit forecast Lululemon Athletica Inc (NASDAQ:LULU) stock is up 2.6% before the open, after the firm lifted its fourth-quarter sales and profit forecast on the heels of a strong holiday sales report. LULU lifted its revenue forecast to a range of $1.37 billion to $1.38 billion, and its earnings to $2.22 to $2.25 per share. On the charts, LULU has to...Read More
Bulls are gearing up for the U.S.-China trade deal signing this weekU.S. stock futures are signaling a bullish start to the week. Coming off Friday's dip, the Dow Jones Industrial Average (DJI) is setting up for a triple-digit gain at the open, while the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) look ready to follow suit. The risk-on backdrop comes as investors look toward the signing of the...Read More
There are divergences on daily charts to keep an eye on, tooTo say the market has been resilient in the first full week of trading during the new year is an understatement. In the face of mounting geopolitical tensions, the S&P 500 Index (SPX - 3,265.35) has managed to remain in positive territory for the year and continue its melt-up from the holidays, despite escalating events between the U.S. a...Read More