Long term, AZO has been climbing the chartsShares of car parts retailer AutoZone, Inc. (NYSE:AZO) are down 2.7% at $1,155.79 this morning, after being on the receiving end of a downgrade at Wedbush. The brokerage firm lowered its rating to "neutral" from "outperform" and cut its price target to $1,225 from $1,375, citing AutoZone stock's reach to near peak valuation from its 2019's rise of more...Read More
Craig-Hallum also initiated coverage with a "buy" rating and $20 price targetA big winner this Monday morning is SmileDirectClub Inc (NASDAQ:SDC), up 12.3% to trade at $9.41. That's because the teledentistry name just launched a new line of oral care products, exclusively available at Walmart (WMT) stores. In addition, Craig-Hallum initiated coverage on SDC with a "buy" rating and $20 price targe...Read More
Plug Power won a $172 million contract from an unnamed Fortune 100 company The shares of Plug Power Inc (NASDAQ:PLUG) are soaring today, after the company won a contract from an unnamed Fortune 100 client for hydrogen fuel cell deployments at the "close of 2019." The contract is valued at more than $172 million. The stock is up 10.2% at $3.56 in response. Looking back, Plug Power stock hit a five...Read More
Stocks are set to continue Friday's weaknessDow Jones Industrial Average (DJI) futures are pointing to more losses for stocks, as tensions remain high between the U.S. and Iran. This would extend the selling from Friday that was sparked by the airstrikes in Baghdad that killed Irarian military commander Qassem Soleimani, with President Donald Trump yesterday threatening sanctions on Iraq should th...Read More
Declining volatility is a plus for bullsThe first two trading days of 2020 did not lack market-moving macro catalysts. The new year and new decade got off to a roaring start, as U.S. equities rallied in response to China's central bank reducing the reserve ratio for commercial banks by 50 basis points. The S&P 500 Index (SPX - 3,234.85) advanced nearly 1% to kick off 2020 on the news, closing at a...Read More
NEWS &VIEWSForecasts, Commentary & Analysis on the Economy and Precious MetalsCelebrating our 46th year in the gold businessJANUARY 2020"The wind now appears to be at gold's back after six years of slogging." - David Hay, Evergreen GavekalSanta Claus rally in gold and silver crowns a very good yearBy: Michael J. Kosares, USA GoldIt was a very good year for precious metals. Gold posted a nearl...Read More
Clive MaundIn 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 latest 10-year chart we can see that gold is making a 2nd attack on the key m...Read More
"The best is yet to come."- Frank Sinatra, American singer, actor, producer, 1915-1998 "You are never too old to reinvent yourself."- Steve Harvey, American comedian, businessman, entertainer, b. 1957 "It is never too late to be what you might have been."- George Eliot, (Mary Ann Evens), English novelist, poet, journalist, translator, a leading writer...Read More
By: Ira EpsteinGold weekly swingline in bullish posture. Upside bias. $1491 area 18-week moving average at end of last week, support. Weekly gold chart over Bollinger band:Read More
Crisis DelayedCircling the DrainTax and SpendGet ReadyWriting, SIC Planning, and More WritingWelcome to the 2020s. Some weren't sure we would make it this far, but we did. Now we face a new decade and new challenges. How we handle them will determine what kind of conversation we have in 2030.This concern for the future is one of the things that separates humans from animals. Dogs don't worry abo...Read More
NEWS &VIEWSForecasts, Commentary & Analysis on the Economy and Precious MetalsCelebrating our 46th year in the gold businessJANUARY 2020"The wind now appears to be at gold's back after six years of slogging." - David Hay, Evergreen GavekalSanta Claus rally in gold and silver crowns a very good yearBy: Michael J. Kosares, USA GoldIt was a very good year for precious metals. Gold posted a nearl...Read More
Clive MaundIn 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 latest 10-year chart we can see that gold is making a 2nd attack on the key m...Read More
"The best is yet to come."- Frank Sinatra, American singer, actor, producer, 1915-1998 "You are never too old to reinvent yourself."- Steve Harvey, American comedian, businessman, entertainer, b. 1957 "It is never too late to be what you might have been."- George Eliot, (Mary Ann Evens), English novelist, poet, journalist, translator, a leading writer...Read More
By: Ira EpsteinGold weekly swingline in bullish posture. Upside bias. $1491 area 18-week moving average at end of last week, support. Weekly gold chart over Bollinger band:Read More
Crisis DelayedCircling the DrainTax and SpendGet ReadyWriting, SIC Planning, and More WritingWelcome to the 2020s. Some weren't sure we would make it this far, but we did. Now we face a new decade and new challenges. How we handle them will determine what kind of conversation we have in 2030.This concern for the future is one of the things that separates humans from animals. Dogs don't worry abo...Read More
Strengths? The top performing precious metal for 2019 was palladium, gaining 54.20 percent. In a weekly Bloomberg survey of analysts and traders, gold sentiment remained marginally bullish the first days of the New Year. The survey showed eight bullish, two bearish and seven neutral. At week-end, gold advanced toward a six-year high, climbing 1.5 percent to $1,551 an ounce in Lon...Read More
Dear Friend of GATA and Gold:Our friend B.A. tonight challenges optimism among gold and silver investors that the latest crisis in the Middle East will explode Western central banking's longstanding gold price suppression policy.Ordinarily your secretary/treasurer would agree with him and change the channel from news to anything promising comic relief. After all, these geopolitical crises never...Read More
Gold faces big resistance between $1590-$1610 zone. Only a break of this zone will result in $1707.50 and $1822 in the near term. Short term hot money will flow into gold if it rises this week. Gold could be a Las Vegas if it rises this week. The quicker the pace of rise, the more will be short term volatility in gold. I will be closely watching the pace of rise and not the actual rise. Silver i...Read More
Technical analyst Clive Maund discusses the effects of geopolitics on the price of gold. Gold barsIn 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 pric...Read More
Bob Moriarty of 321gold discusses the highly anticipated drill program at the Pueblo Grande property. We are in the best time of the year to be invested in resource stocks. That is from late December into perhaps March. Add to that a quite insane U.S. President eager to accelerate the start of World War III for Israel and you have what at least will be an interesting environment until the U.S. ei...Read More