The people who are prepared are going to reap rewards such asthey have never dreamed. We're going to have the biggest transfer of wealth inhistory – from the fools – to those who are prepared. – Bob Moriarty The run upof the last few months to $1,565 gold and $19silver has stalled out into a relatively high-level correction, giving backless than might be expected after such...Read More
Clive Maundoriginally published Sunday, September 29, 2019Whilst we are in complete agreement with Egon Von Greyerz of GoldSwitzerland, about the exceptionally positive mid and long-term outlook for gold and silver which will soar as the monstrous global debt bubble implodes, there is the small matter of what will happen to them when the debt junkies go "cold turkey" if there is a sudden liqui...Read More
By: Gary SavageGold is still very early into its daily cycle lower:Read More
By: Ira EpsteinSeptember was a crazy month. Gold heading back to $1,450? Under the $1,511 18-day moving average. Gold is oversold. Read More
The 2020 election could see some major changes in the American economic system.The U.S. 2020 election will be one unlike America has ever seen, predicts oneanalyst.With both sides growing increasingly divided, it's impossible to know which way the sentiment will shift, and what will happen as a result.But one Stansberry analyst has concerns about what the future holds, and how a radicalized presid...Read More
The closely watched ISM manufacturing index cratered to a 10-year low last monthThe Dow got off to a rocky start for October, losing over 300 points after the ISM manufacturing indexhit its worst reading since June 2009. Respondents pointed to an increased impact from tariffs and the ongoing U.S.-China trade war, and this bleak data point sent stocks reeling ahead of next week's expected meeting b...Read More
The shares are making sharp moves today Anheuser-Busch Inbev NV (NYSE:BUD) is trading down 2.2% today at $93.07, but some options traders apparently are expecting a quick turnaround. The weekly 10/4 series is popular, and on the call side new positions are opening at the 95.50-, 96-, and 96.50-strikes. Those buying the calls expect BUD shares to move higher by the close this Friday, Oct. 4, when t...Read More
FCX is pacing toward its fourth straight lossFreeport-McMoRan Inc (NYSE:FCX) stock is lower with copper prices today, last seen down 4.3% at $9.16, headed toward a fourth straight loss. Nevertheless, options traders are making a beeline toward FCX calls, betting on a big bounce for the mining shares. With just under two hours left in today's trading, around 59,000 calls have changed hands -- doubl...Read More
Gold prices ended sharply higher Tuesday as a drop in the U.S. Institute for Supply Management's manufacturing index to its lowest level since 2009 pulled benchmark stock indexes lower, fueling haven demand for the precious metal. Gold for December delivery GCZ19, -0.03% on Comex rose $16.10, or 1.1%, to settle at $1,489 an ounce, after retreating 2.2% on Monday. Prices for the most-active contrac...Read More
AMTD stock hit a new low earlier on sector headwindsThe U.S. stock market is selling off today after dismal manufacturing data. Among individual names making notable moves are broker TD Ameritrade Holding Corp. (NASDAQ:AMTD), steelmaker United States Steel Corporation (NYSE:X), and chip stock Xilinx, Inc. (NASDAQ:XLNX). Here's a quick look at what's moving the shares of AMTD, X, and XLNX.TD Amerit...Read More
Call buying has been hot on ZTS, but call writers have focused on the October 125 callZoetis Inc (NYSE:ZTS) has been on a brilliant run higher this year, up 46% in 2019 and touching an all-time high of $130.08 on Sept. 9. Following a brief pullback, options traders have been betting on another run higher, with call buying ramping up at theInternational Securities Exchange (ISE), Cboe Options Excha...Read More
JJCTF is essentially flat on the year, despite meaningful mine supply tightness.Global concentrate tightness is set to constrain more pronouncly refined production trends in Q4.In turn, the global refined copper market is due to show increasing signs of tightness (falling inventories, tighter spreads).We, therefore, approach JJCTF from a long side, expecting its tight fundamental backdrop to outwe...Read More
Screened through gold producers and royalty companies narrowed down to Newcrest (NCMGF) and Newmont (NEM) for further research.Both companies have better than average free cash flow yields and sustainable levels of debt.Newcrest in particular has a low all-in sustainable cost of $720 per ounce.This article follows up on a hunch about getting gold exposure I talked about for my portfolio. In my tra...Read More
The Dow has explored a more than 350-point trading range today alreadyThe Dow Jones Industrial Average (DJI) has relinquished an early morning lead,after the Institute for Supply Management's (ISM) manufacturing index fell to 47.8% in September -- its lowest level in over 10 years -- indicating trade tensions are creating a headwind for the U.S. economy. Shortly after the report was released, Pres...Read More
In 2019, no one should need any convincing that advisors and investors love cheap exchange traded funds. Usually, it's a case of "the cheaper, the better." For the uninitiated, the latest example of cheap works is the SPDR Gold MiniShares Trust GLDM, +1.22%. GLDM, came to market in June as a cost-effective alternative to the SPDR Gold Shares GLD, +1.17%, recently topped $1 billion in assets under...Read More
Home Depot stock has been a long-term outperformer Shares of home improvement name Home Depot Inc (NYSE:HD) have been climbing the charts this year. Currently, the stock is testing support at its +10% year-over-year mark and $250 billion market cap. With a 14-day Relative Strength Index (RSI) reading of 50, another layer of support is now being added, making it the perfect time to jump onto HD's u...Read More
Most analysts have remained bullish on VMWVMware, Inc. (NYSE:VMW) is trading up 2.4% at $155.56, thanks to bullish analyst attention. Wells Fargo this morning upgraded its opinion on the software name to "outperform" and boosted its price target by $40 to $180. This price level served as a ceiling for the shares from June through early August, and represents 20% upside to last night's close of $15...Read More
Checking in on the equity ETF in the midst of a historically rare moving average streakThe following is a reprint of the market commentary from the October 2019 edition of The Option Advisor, published on September 27. For more information, or to subscribe to The Option Advisor -- featuring 10 new option trades each month -- visit our online store.Regular followers of our analysis will be aware of...Read More
Geron's blood cancer drug, imetelstat, was just granted fast track status by the FDAGeron Corporation (NASDAQ:GERN) stock is soaring this morning, following an announcement that the Food and Drug Administration (FDA) granted fast track status to the biotech's experimental therapy, imetelstat, used to treat patients with myelofibrosis (MF) -- a type of blood cancer. The firm plans to meet with the...Read More
Most analysts remain upbeat toward CLF stockB. Riley FBR cut its Cleveland-Cliffs Inc (NYSE:CLF) price target to $13 from $16, with the analyst in coverage citing an "evolving macro and price environment" for the mining company, pointing specifically to a sharp decline in Atlantic pellet premium. Nevertheless, the firm maintained its "buy" rating on CLF, with the analyst saying the stock is attrac...Read More