USO calls have reigned in popularity for some time nowAs oil prices rally today, the Organization of the Petroleum Exporting Countries (OPEC) will hold its bi-annual meeting in Vienna, Austria this Thursday. Ahead of the event, options traders are targeting the United States Oil Fund (USO), with bulls betting on a bigger move from the oil-focused exchange-traded fund (ETF). More specifically,...Read More
January crude futures are up more than 4% Stocks are recovering some of yesterday's massive losses, thanks to more vague trade headlines pointing to progress in U.S.-China trade talks. The Dow Jones Industrial Average (DJI) is comfortably in triple-digit territory, while a big day from the energy sector has the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) higher as well. This comes as oil price...Read More
The 110-strike call is popular in EXPE's options pits todayExpedia Group Inc (NASDAQ:EXPE) stock is up 6.5% today to trade at $105.89, on news the online travel company's CEO and chief financial officer have stepped down amid a disagreement with the board over business strategy. This follows the stock's devastating reaction to Expedia's third-quarter earnings report last month, and has options tra...Read More
Salesforce.com posted third-quarter results that exceeded estimates Salesforce.com, Inc. (NYSE:CRM) took its turn in the earnings confessional this morning with some interesting results. CRM posted $4.51 billion in revenue, which shot up 33% since this time last year, and an earnings of 75 cents per share, both of which exceeded analysts' expectations. However, the firm slashed its fiscal fourth-q...Read More
Puts have risen in popularity today in responseThe shares of Workday Inc (NASDAQ:WDAY) are down 5.2% to trade at $164.48 today, despite the software company reporting adjusted third-quarter earnings per share of 53 cents and $938.1 million in revenue, both of which topped analyst forecasts. Instead, Workday's weaker-than-expected 2020 fiscal outlook and subpar 2021 subscription revenue forecast i...Read More
Bulls were targeting the $4 levelGoPro Inc (NASDAQ:GPRO) just gave an update for Black Friday and Cyber Monday, saying its Hero8 Black "sold at record levels." GPRO shares have popped 6.4% out of the gate to trade at $4.11, but while they've taken back the $4 level, they're already back below the 50-day moving average. Still, the move may be enough for recent options traders.Jumping in, data from...Read More
UNH has been bounding higher on the chartsMere days off reporting its 2020 full-year forecast, UnitedHealth Group Inc (NYSE:UNH) is shifting higher this morning, after a fresh round of bull notes from brokerage firms. No fewer than three analysts have hiked their price target on the Dow name, including BMO Securities to $310, Credit Suisse to $320, and Piper Jaffray to $325. Coming into today, UN...Read More
A C-suite shakeup has GOOGL in focus todayAfter the market spent the last three days swimming in red ink, Dow futures are poised for a triple-digit bounce-back today. A Bloomberg report cited sources that claimed the U.S. and China were making progress toward a "phase one" deal, assuaging concerns that tensions between the two sides had intensified. Elsewhere, investors are unpacking the latest A...Read More
Technically, stocks aren't as expensive as they were during the tech bubble, when compared to other commodities Here's a blast from the past. Remember when gold had 12 straight years of positive returns from 2001 through 2012? Not only that, it outperformed the Dow in ten of those years. When the Dow began making new highs in 2013, it was still down 75% when priced in ounces of gold. Some people m...Read More
AG Thorson7 hours ago (Dec 03, 2019 6:15 PM GMT)Last month I penned an article explaining how gold tends to form interim highs/lows in the opening days of a new month. That article was timely as prices topped that very day at $1519.20 and fell to $1446.20 by November 12th.Monthly Trend ChangesNotice in the chart below how gold sometimes changes course at the beginning of a month. Not always, but e...Read More
Dave Kranzler, Mining Stock Journal"The Fed first tried to justify the loans by saying they were a short-term measure to stem a liquidity crisis. But the so-called "liquidity crisis" has not prevented the stock market from setting new highs since the loan operations began on September 17. And the short-term operation has been running every business day since that time and is currently scheduled...Read More
Craig Hemke, TF Metals ReportTwo years ago, following a surge in the use of "Exchanges For Physical" by traders at the COMEX, Eric Sprott asked me to begin tracking and recording the daily totals for this practice as posted by the CME. It's time for an update.First, let's attempt again to discern what the heck an "exchange for physical" really is, because the truth of the matter is, no one reall...Read More
By: Ira EpsteinGold had a big rally and getting up to key resistance spots. Lots of Tariff news:Read More
Relations between USA-China is moving from bad to worse. USA is interfering with Chinese sovereignty be it Hongkong or the South China Sea or Chinese dealing with Muslim minority. Gold and silver will remain firm as a result of this. Correction will be there if various US jobs numbers (release begins from today with November private ADP) beat street expectations. U.S. President Donald Trump warn...Read More
Known primarily by his nickname "Turd Ferguson," Craig Hemke is the founder and editor of the popular TF Metals Report blog and podcast, covering precious metals, the financial markets, and greater economic trends.Read More
Alasdair Macleod explains that depression conditions and illusions of prosperity may continue to exist with unsound money and central banking determination to maintain prices.Alasdair Macleod is head of research for GoldMoney. He also runs FinanceAndEconomics.org, a website dedicated to sound money and demystifying finance and economics. He has a background as a stockbroker, banker and economist. Read More
Poland just took back $5 billion of gold that was being held for it in London. Is that a sign of things to come? Signs of stress. Probably an important development. An unknown speculator bet $1.75 million on gold hitting $4k per ounce at a point in the future. The latest global debt number came out at over $250 trillion. Central banks are starting to act on the fear of an impending credit bust.Joh...Read More
Journalist and book author Michael Snyder says says no China trade deal will cause the stock market to "lose hope for the future." Snyder predicts stocks will "fall at least back to its long term averages, which is 40% to 50% lower than stocks are today."Join Greg Hunter as he goes One-on-One with Michael Snyder, creator of TheEconomicCollapseblog.com.Read More
Baltimore Mayor Bernard C. "Jack" Young warned in an interview this week with WBAL News' Vanessa Herring that a white van has been running around the city targeting young girls for their organs, reported The Baltimore Sun.Continue...Read More