By Ira EpsteinIn terms of Bullishness, 18 day moving average crosses over 100 day moving average, gold entering 4th day of over Bollinger bands, another bullish sign of gold market..Read More
Comex February futures rose to $1613.30 as I prepare this report. Big jump of over $30 (from yesterday's close) on Iran's retaliation. American and European reaction will be closely watched. Whether the reaction by Iran will turn into a full fledged war or it is just a one off move remains to be seen. Traders and all alike will prefer to be long in gold than short. Yesterday USA session price mo...Read More
It's been a wild ride for RAD stock in recent weeksRite Aid Corporation (NYSE:RAD) has had a volatile run on the charts, per the stock's 30-day historical volatility of 190.3% -- an annual high. More specifically, the shares surged off their December lows near $7.50 to top out at a 13-month high of $23.88 on Dec. 27, before crashing all the way down to $12.26 in yesterday's trading. RAD's January...Read More
NRG stock is currently mired in a five-day losing streakWhile most energy stocks are gaining with oil prices and Middle East tensions, NRG Energy Inc (NYSE:NRG) has been sitting out of the rally, already down 8% in 2020. However, this four-day losing streak could be short-lived, based on data from Schaeffer's Senior Quantitative Analyst Rocky White.More specifically, NRG just pulled back to its 1...Read More
The has Dow bounced back after this morning dropThe Dow Jones Industrial Average (DJI) was initially dragged lower this morning by Boeing (BA) -- down on news of another fatal crash -- and Walgreens Boots Alliance (WBA), which is selling off after earnings. The Dow is now trading higher with the S&P 500 Index (SPX) and Nasdaq Composite (IXIC), with the latter two hitting record highs, as investor...Read More
BA has sunk 3% over the past 12 monthsIt's another nail in the coffin for Boeing Co (NYSE:BA) this morning -- the equity down 1.3% at $333 -- after reports surfaced that a Boeing 737-800 operated by Ukraine International Airlines crashed in Tehran this morning, leaving no survivors. Downing just minutes after take-off, speculations of engine failure are circling as the potential catalyst. Nine cre...Read More
RBC lifted its price target to $285 from $267Biopharmaceutical concern Biogen Inc (NASDAQ:BIIB) is slightly lower today, despite joining Behind the Seizure, along with a number of other companies, which works to provide faster diagnosis to children under eight with epilepsy. In addition to this, RBC lifted its price target to $285 from $267, which is still a slight discount to last night's close....Read More
BYND gained 12.5% yesterday after Impossible Foods and McDonald's stopped supply talksThe shares of Beyond Meat Inc (NASDAQ:BYND) are up 1% to trade at $84.76 this morning, after McDonald's (MCD) announced it was expanding the test of the former's plant-based burger in Canada. More specifically, the golden arches will now offer BYND's vegan burger in 52 outlets across southwest Ontario, up from 2...Read More
The strike against a U.S. airbase was not as bad as originally feared U.S. stock futures are mixed this morning, as investors attempt to digest a slew of global and domestic headlines. Last night's report that a U.S. airbase came under fire in western Iraq sent overnight trading into a tailspin. Investor fears eased, however, as news surfaced that the attacks did not cause any casualties and no oi...Read More
Data shows 2020 could be bullish for stocks2019 was a historic year in which the S&P 500 Index (SPX) gained nearly 30% with exceptional daily consistency (more on that below). The year's 28.9% return ranks second out of the last 20 years with 2013 (up 29.6%) being the only year that was more bullish. This week I'll look at some of these 2019 stats and see if stocks tend to revert to the mean follo...Read More
- Gary ChristensonBreaking news: The impeachment circus continues, the trade deal is both off and on, tweets and Iran news move the market, S&P 500 Index hit new highs (thanks to central bank liquidity), and more of the same nonsense will unfortunately create more of the same.WHAT HAPPENS TO PRICES NEXT DECADE IN FIVE TO TEN YEARS?What we know, think we know and speculation:WHAT WE KNOW THAT HAS...Read More
- Dave KranzlerUnequivocally, the "repo" operations by the Fed is "QE." Well, let's just call it what it is because "QE" was coined in place of "money printing." The socially correct posture to assume on Wall Street and in DC at the Fed is to label the current bout of money printing "repo operations." In fact, based on all of the underlying data I scour daily, let's just cut to the chase a...Read More
Craig Hemke, TF MetalsThe year 2019 unfolded just about as we predicted in our annual look-ahead post entitled "2010+9". And that's nice. But it's all for naught if we fail to correctly forecast where we go from here. With that in mind, here's a first look at what to expect in 2020.These annual forecasts are risky business. Get it wrong and you create a paper trail for trolls to poach for years...Read More
By Ira EpsteinIn terms of Bullishness, 18 day moving average crosses over 100 day moving average, gold entering 4th day of over Bollinger bands, another bullish sign of gold market..Read More
Comex February futures rose to $1613.30 as I prepare this report. Big jump of over $30 (from yesterday's close) on Iran's retaliation. American and European reaction will be closely watched. Whether the reaction by Iran will turn into a full fledged war or it is just a one off move remains to be seen. Traders and all alike will prefer to be long in gold than short. Yesterday USA session price mo...Read More
The study suggests a low-cost mining operation at the Ontario property is possible. Generation Mining Ltd. (GENM:CSE; GENMF:OTCQB) announced in a news release the results of a preliminary economic assessment (PEA) of its 51%-owned Marathon palladium-copper project in northern Ontario."The PEA provides a compelling base case assessment for the development of the Marathon palladium mineral resource...Read More
Bill Powers of Mining Stock Education sits down with Kevin Drover, CEO of Aurcana, to talk about the company's production plans for its high-grade project in Colorado.Aurcana Corporation (AUN:TSX.V; AUNFF:OTCQX) has 100% ownership of the world's highest-grade silver mine (P&P): the Revenue-Virginius mine in Ouray, Colorado, USA. This fully permitted mine will also be one of the lowest-cost silver...Read More
In this interview with Maurice Jackson of Proven and Probable, Exploration Insights' Brent Cook discusses the value of site visits to determining the potential of a prospect, and offers insights into various metals markets. Maurice Jackson: Joining us for conversation is Brent Cook. He's the founder of the highly regarded Exploration Insights. Mr. Cook, you're one of the most trusted, highly re...Read More
Technical analyst Clive Maund discusses the effects of geopolitics on the price of gold. In this update I am not going to repeat the points made in the last fairly comprehensive update, instead we are going to focus on the importance of the resistance level just above where the price is now, and impact of the killing of the Iranian general and its potential implications for the gold price. On the...Read More
Let’s put the geopolitical gyrations in oil into aproper perspective by taking a look at the monthly chart. The overall situationhasn’t changed much as crude oil is still trading inside the blue consolidationbelow three very important resistances (the red and orange bearishgaps and the 61.8% Fibonacci retracement), which form the key resistance zonefor the coming week(s). Additionally,...Read More