Wall Street is also watching heightened tensions between the U.S. and IranThe Dow Jones Industrial Average (DJI) is down more than 240 points at midday, as Wall Street weighs news a U.S. airstrike had killed top Iranian military commander, Qassem Soleimani. Iran's promise of "harsh retaliation" in response to the attack is only stoking the bearish flames, while traders are also digesting weak fact...Read More
Tesla has tacked on almost 50% over the past 12 monthsBuzz around Tesla Inc (NASDAQ:TSLA) continues to swirl this morning, with the electric-car maker drawing headlines on news it will reduce the starting price of its Model 3 sedans made in its Shanghai factory by 16%. The cut in price comes after the company received electric-vehicle subsidies from China. Also triggering this morning's surge are...Read More
Both AAL and DAL options can be had for a bargain right nowOil prices are skyrocketing amid escalating tensions between the U.S and Iran. Travel stocks -- and more specifically, airline stocks -- are thusexposed to both surging oil prices and geopolitical tensions. This has American Airlines Group Inc (NASDAQ:AAL) and Delta Air Lines, Inc. (NYSE:DAL) both swimming in red ink this morning, and op...Read More
HUM stock rallied into 2020Humana Inc (NYSE:HUM) shares were a beneficiary of the year-end rally to 2019, as the stock has jumped sharply since its October lows near $250 to Thursday's settlement of $363.24. Analysts at J.P. Morgan Securities are expecting more upside, too, this morning raising the firm's price target on HUM to $448 from $437. As a result, the security is basically flat out of the...Read More
The Dow is set for a triple-digit decline at the openDow Jones Industrial Average (DJI) futures are signaling a negative start to the session, as caution sets in following the U.S. airstrikes in Iran that killed top military leader Gen. Qasem Soleimani. Oil prices, on the other hand, are on the rise; February crude futures are up 3.5% to $63.34 per barrel, with major energy stocks set to outperfor...Read More
Chris Vermeulen9 hours ago (Jan 02, 2020 03:31 PM GMT)The rest of the year, Gold consolidated near $1500 as a strong US Stock Market rally took hold in Q4 of 2019. Our original prediction was that Gold would rally to levels near $1750 before the end of 2019 based on our Adaptive Dynamic Learning predictive modeling system (ADL). This did not happen in 2019 as out ADL modeling systems s...Read More
James HyerczykDec 31, 2019 10:47 AM GMTGold futures surged to their highest level since October 3 early Tuesday on the back of another plunge in the U.S. Dollar. A weaker dollar tends to drive up demand for dollar-denominated gold because it makes it more attractive to foreign buyers.The dollar is weakening because investors are dumping greenback positions placed as hedges against an escalation of...Read More
Bob Moriarty ArchivesJan 3, 2020We have a young new year; gold and silver are having their usual post Christmas boost as the end of year artificial selling stops. Investors should look forward to a number of companies releasing interesting and perhaps even exciting news in the next couple of weeks.I wrote extensively aboutan interesting Wits analog deposit in Brazila couple of years ago owned by T...Read More
Gold miners' stocks blasted higher this past week, breaking out of their correction downtrend. Rapidly-improving psychology fueled such strong upside momentum that sector benchmarks are challenging months-old upleg highs. Most traders assume this is righteous, that gold stocks' next upleg is starting to accelerate. But key indicators argue the contrarian side, that this breakout surge is...Read More
Clive MaundAs we approach the end of the year, and of the decade, it is important to have something positive to look forward to. Exactly a hundred years ago, towards the end of 1919, Hitler was able to look forward to becoming the leader of the Third Reich, while our aspirations are somewhat more modest and include having a powerful bullmarket in copper to capitalize upon.There are a number of c...Read More
By: Avi GilburtOriginally published on Sat Dec 28 for members of ElliottWaveTrader.net: When I peruse the comments on our Elliottwavetrader site alone, I am seeing a myriad of "beliefs" as to what the metals are doing and will be doing. Most of such beliefs seem to be driven by feelings, and quite a number of them have been fighting this metals rally. Yet, some are even driven by various...Read More
Chances of a war with Iran has resulted in gold and silver rising today. Crude oil has also risen on supply disruptions from Iraq. Only profit taking (before the weekend) can result in a crash or correction in gold and silver. However gold and silver do not correct then chances of $1575 and $1888 will be very high today. A weaker US dollar is also aiding the rise in gold and silver. Big economic...Read More
With sufficient funds in place, the Vancouver-based company intends to start exploring the property this year. Dixie Gold Inc. (DG:TSX.V; YWRLF:OTCMKTS) acquired the Red Lake gold project in Ontario, it announced in a news release. The cost equaled that of claim staking fees paid to the Ontario government. Dixie Gold assumed the existing 2% royalty on the claims.The Red Lake project spans 52,507...Read More
The year ahead promises to be an eventful one. It will, ofcourse, be dominated by political headlines leading up to the 2020 election. Itcould also be a big breakout year for precious metals. In the second part of Money Metals' 2020 Outlook, we’ll drilldown on the fundamental and technical setup for gold and silver…However, in this first part, we’ll set the stage by digging int...Read More
The Gold rally we predicted to happen inlate 2018 took place, almost perfectly, based on our ADL predictive modelingsystems results. This rally took placein May through September 2019 and pushed Gold up to levels near $1600. Therest of the year, Gold consolidated near $1500 as a strong US Stock Marketrally took hold in Q4 of 2019. Ouroriginal prediction was that Gold would r...Read More
Although oil bullsmanaged to push the futures higher and broke above the upper border of therising green trend channel during yesterday’s session, Monday’s upswing turnedout only temporary. Earlier today, crudeoil futures opened the day with the bearish pink gap, invalidating yesterday’s breakout above the channel. This bearishdevelopment triggered further deterioration in the f...Read More
The King is dead, long live the King - 2019 is over,long live the 2020! As tumultuous as they have been, what have we learned aboutthe gold market in the past twelve months? And what can we glean from this knowledgefor the times ahead?Key LessonsFor Gold Investors from 2019Today is the last day of2019. It was a good year for the gold bulls, as one can clearly see in thechart below. The price of th...Read More
Gold miners' stocks blasted higher this past week, breaking out of their correction downtrend. Rapidly-improving psychology fueled such strong upside momentum that sector benchmarks are challenging months-old upleg highs. Most traders assume this is righteous, that gold stocks' next upleg is starting to accelerate. But key indicators argue the contrarian side, that this breakout surge is...Read More
Clive MaundAs we approach the end of the year, and of the decade, it is important to have something positive to look forward to. Exactly a hundred years ago, towards the end of 1919, Hitler was able to look forward to becoming the leader of the Third Reich, while our aspirations are somewhat more modest and include having a powerful bullmarket in copper to capitalize upon.There are a number of c...Read More
By: Avi GilburtOriginally published on Sat Dec 28 for members of ElliottWaveTrader.net: When I peruse the comments on our Elliottwavetrader site alone, I am seeing a myriad of "beliefs" as to what the metals are doing and will be doing. Most of such beliefs seem to be driven by feelings, and quite a number of them have been fighting this metals rally. Yet, some are even driven by various...Read More