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
Dear Reader,Yesterday we snuck into the future… and smuggled out a worrisome vision:The S&P will end the decade 50-60% lower than where it began the decade.Our snooping revealed that "mean reversion" will run down the elusive stock market at last.That is, the long arm of statistical law will finally collar its man.Yet as we wondered yesterday: Can a "trade of the decade" lock in your wea...Read More
Jan 06, 2020 Guest(s): Ryan Giannotto Director of Research, GraniteShares ETFs Great fundamentals are driving the investment thesis behind the platinum group metals (PGMs), which add diversification to a portfolio of gold and silver, this according to Ryan Giannotto, Director of Research, GraniteShares ETFs. "That's what I like about these, is adding different diversifiers to your diversificatio...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
2019 was marked by a big rise in gold, silver and palladium rise among the metals. Natural gas was the biggest looser. UK Pound or cable as we call it was nosedived on brexit but also recovered lost ground after thumping mandate to Boris Johnson in UK elections. Japanese Yen and Euro traded mostly in a range and a trend. Indian rupee had weakened against the US dollar in 2019. There is massive d...Read More
By: Ira EpsteinGold daily chart in a resistance area, what to look for next:Read More
Gold prices continue to climb, tooThe Dow kicked off 2020 with a flourish, finishing up over 330 points, its best session since Dec. 6. The blue-chip index nabbed a fresh intraday high in the process, thanks to the latest weekly jobless claims data and stimulus chatter out of China. The S&P 500 and Nasdaq also posted solid wins and fresh record highs, with the latter nabbing its biggest percentage...Read More
Several Fed presidents will speak on ThursdayThings are beginning to heat back up on the economic calendar and in the earnings arena, as the holidays come to a close and investors gear up for 2020. There's a slew of economic data on tap, with the ADP employment report, nonfarm payrolls, and several manufacturing updates all due. Several Fed leaders are also expected to give speeches Thursday, wh...Read More
Nomura Instinet boosted its price target on AMDAdvanced Micro Devices, Inc. (NASDAQ:AMD) is at the top of the S&P 500 Index (SPX) today, after Nomura Instinet boosted its price target on the chip stock to $58 from $40 -- a 26.5% premium to AMD's 2019 close at $45.86. In reaction, the shares are up 6% at $48.60, earlier hitting a record high of $48.78.The sharp spike higher has sparked a fire in th...Read More
HII has added over 30% over year-over-yearThe world's largest military shipbuilding name Huntington Ingalls Industries Inc (NYSE:HII) is up 0.9% this afternoon, trading at $252.69, at last check. The defense outperformer has surged 31% over the past 12 months, with a recent leg of support forming at the 40-day moving average and $250 level. Plus, data from Schaeffer's Senior Quantitative Analyst...Read More
SWKS has doubled in the last 12 monthsIt's 2020, and there's a new year, a new month, a new quarter, and a new decade to all look forward to. One stock in particularto monitor amid all this "newness" is Skyworks Solutions Inc (NASDAQ:SWKS), as the chipmaker has not only been a top performer in the first quarter, but for the month of January as well.More specifically, data from Schaeffer's Senior...Read More
Stocks are climbing at midday on strength in the semiconductor spaceStocks are continuing to climb at midday, as traders head into the new year on an optimistic note -- mostly thanks to fresh Chinese stimulus measures and a solid performance out of the semiconductor sector. The Dow Jones Industrial Average (DJI), in particular, is pacing for a triple-digit win today and already hit yet another int...Read More
APHA is facing off with its 100-day trendlineIt's a new year, and analysts are busy making their top picks for 2020. One name in particular that's buzzing today is Aphria Inc (NYSE:APHA), after Jefferies named the cannabis stock its top pick in the industry. While upping its price target to $8.40, the analyst in coverage glowed about the company's strong Canadian medical marijuana business, brand...Read More
FSLY shares are holding just above their IPO pricePiper Jaffray this morning upgraded its stance on cloud services stock Fastly Inc (NYSE:FSLY) to "overweight" from "neutral," saying the coming year will be big for the company's customer delivery network business, given live events such as the Olympics and presidential elections in the U.S. Most analysts were already bullish on FSLY stock, with 70...Read More
Wells Fargo downgraded the equity to "underweight" from "overweight" Undergarment manufacturer Hanesbrands Inc. (NYSE:HBI) is off to a rocky start for 2020 after Wells Fargo cut its rating to "underweight" from "overweight," and slashed its price target to $12 from $15. In response, the stock is down 1.6% to trade at $14.59, set for its lowest close in over a week. It's been a gradual slope downw...Read More
Stocks are set to start 2020 with strong gainsU.S. stock futures are pointing to a strong first day of 2020. The Dow Jones Industrial Average (DJI) is set to jump more than 100 points, and the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are on pace to follow suit, as traders monitor strong gains for Chinese equities and weekly jobless claims that came in slightly lower than expected. This comes...Read More
The manufacturing name remains up 21% for the quarterWater and utility measurement service Badger Meter, Inc. (NYSE:BMI) is down 1.8% this morning, last seen at $63.75. Weighing heavy on the equity is a downgrade to "sell" from "hold" at Canaccord Genuity, the firm citing a less favorable reward that is making near-term upside look limited. Coming into today, all three covering analysts carried a...Read More