Reuters ran a lengthy article this week talking about how a number of governments are discussing banning short selling on stocks. Return of short-selling bans: market protection or 'war against truth'? https://mobile.reuters.com/article/am...Jason talks about government rules changes and how honest short sellers serve an important function for markets, like uncovering fraud that regulators often m...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 337,29651,437109,736206,626525,721653,658686,894 Change from Prior Reporting Period 14,107-4,6862,250-3,44114,18612,91611,750 Traders 20355775458284171 Small Speculators LongShortOpen Interest 65,55332,317719,211 -2,168-1,00210,748 non reportable position...Read More
- David Smith, The Morgan ReportSince the Federal Reserve detached the dollar from the gold standard in 1971, the world's central bankers - with the Fed leading the charge, have flooded the world with fiat currency to the point of diminishing its purchasing power to shadow status.A common belief during the early decades of the former Soviet Union's rise after 1917 was that, according to Marxis...Read More
By: Avi GilburtMany people feel that the metals are too hard to trade. Personally, I view them as much easier to trade since they are a rather pure sentiment trade. And, they have acted almost perfectly within our expectations of late.On Friday, one of our members pointed out to me that the GLD fund has seen its largest withdrawal since late 2016. And, as we now know, that was right before t...Read More
Next week is a thanksgiving week. There will be a position squaring and rebuilding on two counts. (a) Gold, silver and copper comex December futures are expiring. (b) Traders will look to book some profit in their open positions. In my view, at the moment, there are more long positions than short positions in gold and silver. Later in the first week of December will be the usual various US jobs...Read More
Buying in equities picked up after the halfway point todayAfter a slow first half of the day, stocks came alive in afternoon trading, with the Dow notching a triple-digit win. But while the S&P 500 and Nasdaq also both ended in the black, the major indexes all closed the week in the red, snapping their respective weekly winning streaks. The retail sector remained in focus due to Nordstrom's blowou...Read More
SPLK and HIBB stocks both soared after posting well-received third-quarter resultsWhile the Dow is eyeing a weekly loss amid murky U.S.-China trade sentiment, two stocks are bucking the broad-market trend following impressive earnings reports are software concern Splunk Inc (NASDAQ:SPLK) and retailer Hibbett Sports, Inc (NASDAQ:HIBB). Below we'll look into how SPLK and HIBB are faring today. SPLK...Read More
There's potential spread activity taking place on GM todayGeneral Motors Company (NYSE:GM) is trading up 2.2% today at $35.42, bouncing back after yesterday's one-month low that had the shares' flirting with oversold conditions, based on their 14-day Relative Strength Index (RSI) of 32. Plus, traditional automakers could simply be seeing a boost since none of their executives smashed a metal ball...Read More
Stocks started strong this week but eventually slid into a three-day losing streak The week looked promising for stocks on Monday, as the Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) all managed to grab fresh highs as investors brushed off ongoing trade uncertainties. The mood on Wall Street shifted on Tuesday, however, after highly anticipated earnings fro...Read More
Bear notes and bad earnings have weighed heavy on WORKSlack Technologies Inc (NYSE:WORK) is up 1.6% at $21.34 this afternoon, a rare shift higher for the software stock. In fact, following a disappointing quarterly report, bear notes, and uninspiring user stats, the security has shed more than 45% since its public trading debut in late June. Pressuring the shares has been the newly formed 40-day t...Read More
President Xi suggested China will not be a pushover in trade negotiationsThe Dow Jones Industrial Average (DJI) has explored both sides of breakeven today, as traders digest mixed messages on the U.S.-China trade front. While both President Donald Trump and Chinese President Xi Jinping waxed optimistic about a "phase one" trade deal, the latter also said that Beijing would "fight back," if necessa...Read More
BABA has added 34% year-to-dateChinese multinational conglomerate Alibaba Group Holding Ltd (NYSE:BABA) is down 0.2% at $184.49 this morning, with traders seemingly brushing off the stock's latest bull rating from Macquarie. The brokerage firm earlier initiated coverage with an "outperform" rating and $231 price target, saying they are "holistically positive as Alibaba continues to build...users...Read More
Stifel upgraded the ride share concern, while Zephirin Group slashed its price target Uber Technologies Inc (NYSE:UBER) is on several analysts' radars this morning, and is inching higher in response, last seen slightly higher, up 1.02% at $29.79. Specifically, Stifel lifted its rating to "buy" from "hold, " citing "signs of sustainable improvement" and calling the equity's current valuation a "rea...Read More
ZM shares have moved past their 50-day moving averageRemote conferencing specialist Zoom Video Communications Inc (NASDAQ:ZM) has seen its stock struggle in recent months, hitting fresh lows near $60 a month ago. But while the 50-day moving average was seemingly set to act as resistance, marking a top in yesterday's session, the shares are trading 2.9% higher today at $71.96 after Guggenheim gave...Read More
The firm's eye gel showed promise in patients with eye wounds over those treated with standard care The shares of Eyegate Pharmaceuticals Inc (NASDAQ:EYEG) are surging this morning, just after the drugmaker said its experimental Ocular Bandage Gel (OBG) eye drop showed greater improvement in patients with eye wounds than those met with standard care. The firm said it will submit the treatment for...Read More
Chinese President Xi Jinping said China has a "positive attitude" toward trade talks but is not afraid to "fight back" Stock futures are pointing higher today, with the Dow looking to snap its three-day losing streak. Trade optimism is back on the rise after Chinese President Xi Jinping told a visiting U.S. business delegation that Beijing has a "positive attitude" toward the ongoing negotiations,...Read More
* Palladium on track for best week since mid-September * Euro zone business growth misses expectations * Gold testing resistance at $1,470/oz- analyst (Updates prices)By Karthika Suresh NamboothiriNov 22 (Reuters) - Gold prices were on track for a secondstraight weekly gain on Friday, as uncertainties about the fateof a "phase one" trade deal between the United States and Chinalingered.S...Read More
Darryl Robert SchoonPosted Nov 21, 2019…the financial system experienced some serious liquidity shortages in August 2007, and the Fed injected funds to help keep financial markets operating effectively so that they would continue to support ongoing economic activity - Federal Reserve Bank of San Francisco, August 2007In August 2007, a credit crunch swept global markets forcing central banks...Read More
David Becker6 hours ago (Nov 21, 2019 6:54 PM GMT) Gold prices eased on Thursday as the dollar gained traction paving the way for lower gold prices. Gold prices have received no safe-haven bid as complacency has taken hold and traders have bid up stock prices. US yields rebounded, allow the dollar to gain traction as the yield differential moved in favor of the greenback. Trade negotiations c...Read More
Christopher Lewis8 hours ago (Nov 21, 2019 4:41 PM GMT)Gold markets pulled back slightly during the trading session on Thursday, as we continue to see a lot of noise just above the crucial $1450 level. That’s an area that had previously shown signs of resistance, and now “market memory” could come into play, offering plenty of buying pressure. After all, the market has already...Read More