By: Ira EpsteinGold is caught whipping back and forth. Pattern is lower-highs and lower-lows, which is bearish unless gold (dec) gets back above $1,525:Read More
Yesterday's fall was due to inability to rise and profit taking before the US-China trade talk. Short sellers become active once gold started to fall. Right now the fall in gold is just a correction. If gold and silver fall today and tomorrow, then it will move into a short term bearish phase. I am not buying gold and silver today. Chinese are not buyers. Just remember that correction of $125-$1...Read More
You hear it all the time from Dr. Oz and other medical gurus: Eat more fruits and veggies.And the USDA recommends five to nine servings each day to help reduce the risk of heart attack, stroke, cancer, and early death.An analysis from the School of Public Health at Imperial College London shows that participants who had 10 servings - 28 ounces - daily experienced a:24% reduced risk of heart diseas...Read More
Bob Moriarty of 321Gold discusses the impact of a more dominant China on the energy markets, the dollar and gold and discusses several of his favorite gold stocks.Bob brought 321gold.com to the Internet almost 14 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and u...Read More
"It's more politically expedient to take the printing route, especially because nobody believes they are going to destroy the currency. They think they are going to print enough money to reduce the value of the debt enough to make everything go away. It's like trying to get a little bit pregnant, which is impossible to do. So, once they start monetizing debt in that way, then that's it. The dollar...Read More
Michael Oliver provides his momentum-based appraisal of the gold and other markets of importance.Read More
"During the month, global monetary policy continued to influence gold price performance as many central banks Continue...Read More
"It's become crucial for airports and airlines to adopt biometric capabilities along the processes which require interaction with the traveler, therefore enhancing Continue...Read More
A year ago today,the cannabis sector was booming. Everyone seemed to want a piece of the sectorthat was sure to continue flying in the long run. The only problem - thatwasn’t the case!As soon as Canadalegalized adult use cannabis, it seemed as though all the hopes of strong salesflew out of the window. Aurora Cannabis (ACB) traded at more than $11 per sharein mid-October, 2019. By mid-Decemb...Read More
TheFederal Reserve’s recent need to supply $100’s of billions in new credit forthe overnight repo market underscores the condition of dollar scarcity in the globalfinancial system. This dearth of dollars and its concomitant strength has left mostmarket watchers baffled. Since2008, the Fed has printed $3.8 trillion (with a “T”) of new dollars in aneffort to weaken the curren...Read More
"Come join us in confronting White Supremacy through students' performances...Prior to the performances, guest speakers will set the stage and contextualize what white Continue...Read More
The year is 1921...America is less than three years removed from triumph on the Western Front. The twenties are set to roar... and the Jazz Age is in swing.Warren Gamaliel Harding sits at the presidential desk. And the nation is sunk in depression...U.S. industrial production plunged 31% between 1920 and 1921. Stock prices plummeted 46%. And corporate profits, a crushing 92%.Unemployment ran as hi...Read More
StrengthsThe best performing metal this week was gold, up 0.51 percent. Gold traders and investors are positive on future gold prices in this weeks' Bloomberg survey. For the first time in a month the gold bulls outnumbered the combined bearish and neutral responses. ETFs added 39,919 troy ounces of gold to their holdings on Thursday, marking the 14th straight day of inflows, according to Bloomb...Read More
https://edsteergoldsilver.com/YESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUM(05 October 2019 -- Saturday) The gold price crawled quietly higher until around noon China Standard Time on their Friday -- and then didn't do much of anything until the jobs report hit the street at 8:30 a.m. in New York. It was sold down about ten bucks or so over the next thirty minutes -- and back below $1,500...Read More
Avi Gilburt, Elliott Wave TraderAs the media highlights the potential impeachment process in the coming weeks, many are so concerned that this will be the "cause" of the market drop we are expecting. Yet, history suggests otherwise.The narrative will certainly play out as follows: The market likes certainty and stability within our government. (Please ignore that this was the same reason many cl...Read More
The Dow Industrials ended the week with an 800-point Whoopee Cushion bounce that recouped two-thirds of a 1300-point loss suffered days earlier. The swoon, exhilarating as it may have seemed to traders, will do little to brighten an economic picture that has gone from boom to gloom since mid-summer. One might think that the dark cloud of recession over China and Europe would have caused investor...Read More
By: Ira EpsteinGold's short-term trend is lower, finding support at the 18-week moving average..Read More
Range bound trade in gold and silver should be broken this week and a new range should be formed. There will be good demand in gold as long as it trades over $1480. There will be good demand in silver as long as it trades over $1680. Copper, zinc and nickel are poised for a ten percent one way move. Industrial metal price moves will be dependent on perception of recession among traders. Chinese...Read More
High-level trade negotiations between the U.S. and China are set to resume later this weekThe Dow finished lower to start the week, with all eyes turned towards this week's high-level trade talks between the U.S. and China, set to take place Thursday in Washington, D.C. While White House economic advisor Larry Kudlow struck a positive tone earlier in regards to the two nations coming to an agreeme...Read More
Most of the action is occurring on the call sideOptions traders are blasting Wynn Resorts, Limited (NASDAQ:WYNN) today, as the stock tests a key level of support. With about an hour left in the session, around 44,000 calls have changed hands -- four times what's typically seen, and volume pacing in the 100th annual percentile -- compared to roughly 8,100 puts.Drilling down, the March 105 call is m...Read More