For Part 1 of this interview, CLICK HEREWith no end to Federal Reserve easing in sight, what will the reaction be in the gold and silver markets?Jim Willie, editor of The Hat Trick Letter on The Golden-Jackass.com talks about whether we might see a moonshot in the precious metals markets, the possibility of large bank failures, and how the #debt bubbles get resolved.Jim Willie is a statistical ana...Read More
By: Ira EpsteinGold resistance in DEC-Gold around $1485-1488. Neutralize the bear case short-term with a move above $1,496:Read More
There will be short covering and renewed buying in gold and silver if they rise today and tomorrow. Better to wait and watch before going short. Crude oil if it rises till Monday will break past $60.00 and may be even form a lower base at $60.00. China is in a recession. There is severe jobs woes in China just like India. Chinese urban jobless rate continues to climb. Chinese service activity ex...Read More
The S&P muscled its way to a record close, thoughThe Dow spent the day in the red as investors reacted to quarterly reports from blue chips Walmart (WMT) and Cisco Systems (CSCO). The price action was lackluster for the S&P 500 and Nasdaq, as well -- though the former managed to scrape its way to a record close -- as traders monitored another day of testimony from Fed Chair Jerome Powell. Powell s...Read More
JD.Com has benefited from long-term support at the 200-dayChinese tech name JD.Com Inc (NASDAQ:JD) was last seen down 0.4% to trade at $33.21 this afternoon, potentially suffering pre-earnings pullback as Wall Street gears up for the company's third-quarter report, slated for before the open tomorrow, Nov. 15. Below we will take a closer look at what the options market is pricing in for the stock...Read More
CGC and DDS options volume has ramped up todayStocks are trending lower today, as Wall Street weighs blue-chip earnings amid growing U.S.-China trade uncertainty. Among three names making notable moves today are cannabis concern Canopy Growth Corp (NYSE:CGC), coal stock Contura Energy Inc (NYSE:CTRA), and retailer Dillard's, Inc. (NYSE:DDS). Here's a quick look at what's moving the shares of CGC,...Read More
Options players are targeting December puts today While Slack Technologies Inc (NYSE:WORK) doesn't report its third-quarter earnings for another two weeks on Dec. 4, it looks as if the options pits are already gearing up for even more downside for the struggling stock, which is now off roughly 50% since going public back in late June. While WORK's 10-day call/put volume ratio at the the Internati...Read More
Maxim also set a $190 price target on AAPL stockMaxim downgraded Apple Inc. (NASDAQ:AAPL) stock to "sell" from "hold," and established a $190 price target on the tech shares -- a 28% discount to last night's close. The brokerage firm also forecast a 5% year-over-year drop in iPhone revenue and a 2% annual decline in total operating profits, and labeled expectations the tech giant could transform t...Read More
Lumentum Holdings stock just sounded a bearish signalShares of Huawei supplier Lumentum Holdings Inc (NASDAQ:LITE) hit a 14-month peak of $68.25 earlier, and were last seen trading near $68.23. The stock has been climbing higher over the long term, but history suggests it might be time to position for a LITE pullback. According to data from Schaeffer's Senior Quantitative Analyst Rocky White, the...Read More
Macy's, Target, and Lowe's will also unveil quarterly results next weekWe're coming up on the last full week of trading in November, and with the holiday shopping season right around the corner, retail earnings will start to roll in quickly. Among some of the more notable names stepping up to the plate are Home Depot (HD), Macy's (M), and Target (TGT). The Fed will also be on Wall Street's radar f...Read More
NVDA options are attractively priced at the moment, tooEarnings season isn't over yet. After the close tonight, semiconductor concern Nvidia Corporation (NASDAQ:NVDA) will step into the earnings confessional for its third-quarter report. Ahead of the event, NVDA is down 0.3% to trade at $208.01 today, up 40% in the past three months, with its ascending 10-day moving average providing support sinc...Read More
Trump chimed in on Walmart earningsThe Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) are trading lower today, retreating from Wednesday's record-high closes. Growing concerns surrounding U.S.-China trade negotiations, as well as a negative earnings reaction for Cisco Systems (CSCO) stock, is creating headwinds, though losses are modest on Walmart's (WMT) post-earnings pop -- with the...Read More
A bear signal flashing for Macy's stock points to more downside ahead of Black FridayDepartment store name Macy's Inc (NYSE:M) is gearing up for a wild next couple of weeks, with the Nov. 29 Black Friday event just around the corner, and its third-quarter earnings report due out before the open on Thursday, Nov. 21 next week. Today, the stock is getting a halo lift from Walmart's (WMT) strong earn...Read More
13 brokerages have cut their price targets todayAt the bottom of the Dow this morning sits Cisco Systems, Inc. (NASDAQ:CSCO), down 6.2% to trade at $45.44. While the software name's adjusted first-quarter earnings per share of 84 cents on $13.16 billion in revenue topped forecasts, Cisco issued a weaker-than-expected current quarter guidance. The report also cautioned of a slowdown in technology s...Read More
Ford's $10 level will be worth watching for options traders in the coming weeks Yesterday we took a look at some data on the Automobiles and Parts sector, noting that almost all of the names in the group are trading above the 80-day moving average. What we didn't mention, though, was that the one name that isn't atop its 80-day trendline is Ford Motor Company (NYSE:F), which has actually seen con...Read More
Berenberg started with a "buy" rating, and a $100 price target Beyond Meat Inc (NASDAQ:BYND) just received yet another analyst note today, this time courtesy of Berenberg, which initiated coverage with a "buy" rating, and a $100 price target. The broker predicted that the faux-meat stock was on the precipice of "its second evolution," adding it can capture more market share. BYND is up 2.5% in res...Read More
The equity has soared past its 200-day trendlineThe shares of Norwegian software firm Opera Ltd (NASDAQ:OPRA) are soaring this morning, up 22.5% at $11.89. This comes after the company reported third-quarter earnings of 27 cents per American Depositary share (ADS), blowing past estimates for per-share ADS earnings of 6 cents. Not only did the tech name report quarterly revenue that more than doub...Read More
Trade tensions remain high around the U.S.-China relationshipDow futures are trading lower coming off yet another record high, as tensions remain high surrounding the U.S.-China trade conflict. The anxiety is overshadowing Walmart's (WMT) third-quarter earnings beat and raised full-year forecast, with the stock up 1.7% before the open. Meanwhile, Wall Street is also keeping an eye on Fed Chair Jer...Read More
Christopher Lewis8 hours ago (Nov 13, 2019 4:57 PM GMT)Gold markets have rallied a bit during the trading session on Wednesday, as we had broken above the top of the hammer from the previous session. At this point, the market is very likely to continue to look at the $1450 level as crucial as it was the top of the previous ascending triangle. That being said, we have congressional testimony by Jer...Read More
Dear Friend of GATA and Gold:If you want to know which investment houses have been getting the infamous "repo" loans from the Federal Reserve Bank of New York in recent weeks, as GATA has wanted to know, you'll have to wait two years, according to a letter received from the bank today in response GATA's request for the information.The delay, the New York Fed's letter says, is authorized by the D...Read More