STZ option bears were circling ahead of earningsThe shares of Constellation Brands Inc (NYSE:STZ) are headed for their fourth day in the black, after the adult beverage concern announced fiscal first-quarter earnings and revenue that beat analysts' expectations. The company said sales of its Modelo and Corona Premier brands were major drivers, and lifted its fiscal 2020 profit forecast as well. T...Read More
Last week, gold spiked above $1,400/oz - a move driven by a change in the U.S. Federal Reserve's (Fed's) outlook that increases the chances for a series of rate cuts to stimulate both the economy and inflation.The U.S. stock market's blind faith in the Fed's policies is pushing the market back to its highs.The range-bound gold market of the past six years has brought a lack of inte...Read More
SQ options can be had for a bargain at the moment, tooThe shares of Square Inc (NYSE:SQ) are up 2.3% to trade at $72.93 this morning, after Instinet hiked its price target to $100 from $90. The triple-digit mark sits just under SQ's Oct. 1 record high of $101.15, and implies expected upside of 40% to last night's close. Square stock started 2019 off gangbusters, racing past the $80 level by Marc...Read More
The brokerage firm lifted its rating on the Dow stock to "buy"Goldman Sachs upgraded Procter & Gamble Co (NYSE:PG) stock to "buy" from "neutral," and lifted its price target to $125 from $114 -- a nearly 14% premium to last night's close. The brokerage firm said this next year will "mark a turn in [PG's] margin profile and profit growth as relative organic strength sustains," and that it "offers i...Read More
US banks received mostly positive reviews with their stress testsStock futures are trading sharply higher this morning, as eyes turn to the G-20 summit in Japan, where President Donald Trump will meet Chinese President Xi Jinping on Saturday. Bank stocks look to be in for a strong session thanks to mostly positive marks following the Fed's annual stress tests, and traders are also considering earn...Read More
Gold is soaring this month. So are gold miners equities and the related exchange traded funds and the same is true for junior or small-cap miners. In other words, these are dangerous times to be dancing with inverse leveraged gold miners funds, including those targeting junior miners, but data confirm that is exactly what some traders are doing and they are making those bearish bets with the Direx...Read More
In the precious metals arena these days, gold and the related exchange traded funds are getting plenty of attention and rightfully so. Though it was flat Thursday, the iShares Gold Trust IAU, +0.15% is up 10% this month and is one of several gold ETFs that has recently been flirting with or hitting 52-week highs. The $13.23 billion IAU is one of the largest gold ETFs in the world and holds over 9....Read More
Gold blasts off to the upside.Silver rallies, but lags.The ratio is almost at the all-time high.Volatility remains low in the silver market.USLV could go parabolic.Gold made a move; now, it should be silver's turn. The silver market can be an enigma wrapped in a riddle. While many market participants are suspicious of the price action in the silver market, I always assume that the current market p...Read More
The Fed lights the fuse.Gold breaks out to the upside on the long-term chart.Gold is rallying in all currencies.UGLD magnifies the price action in gold.I find that for me, being a history buff makes it almost impossible not to be a believer in the metal that has been a fixture and sign of value and wealth since ancient times. I am a gold bug and have been since I first started in the commodities b...Read More
* GRAPHIC-2019 asset returns:* Market looks ahead to G20 meeting * Premium for cash zinc over three-month contract narrows (Updates closing prices)By Pratima DesaiLONDON, June 28 (Reuters) - Copper prices were steady onFriday ahead of a meeting of G20 leaders but recorded theirworst quarterly performance since 2015 due to the protractedU.S.-China trade dispute which has undermined growth and deman...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average ended down as investors contended with yet another issue with Boeing's (BA - Get Report) troubled 737 MAX jet, and Wall Street looked ahead to a meeting of President Donald Trump and China's Xi Jinping.Boeing shares fell after the Federal Aviation Administration said it found yet another issue with the aerospa...Read More
This is an edited version of the article "Gold: The Fog of War" by John R. Ing President and CEO, Maison Placements Canada Inc. The full version can be found at The Bull & Bear Financial Report, www.TheBullandBear.com. The US is no longer the center of the world and their consumption-based economy is laboring under the weight of the higher tariffs. Nearly every policy is seen through a tar...Read More
Chris Vermeulen19 hours ago (Jun 27, 2019 6:10 AM GMT)Silver will likely find resistance near $15.60 and move slightly lower before another upside price leg takes place. Both gold and silver have begun incredible price rallies over the past 10+ days and we believe this is just the start of a much bigger price trend.DAILY SILVER CHART ANALYSISThe $15.60 to $15.75 resistance level can be seen...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 298,10861,55459,841160,228420,378518,177541,773 Change from Prior Reporting Period 23,475-8,7563,18618,23554,53044,89648,960 Traders 20775745660287189 Small Speculators LongShortOpen Interest 59,42835,832577,605 7,0733,00951,969 non reportable positionsCh...Read More
The gold miners' stocks just blasted higher to a major decisive breakout this week! Driven by gold's own huge bull-market breakout, the gold stocks surged well above vexing years-old upper resistance. The resulting new multi-year highs are a game changer, starting to shift long-apathetic sector sentiment back towards bullish. This will increasingly attract back traders, with their buying u...Read More
- Gary Tanashian, NFTRHYou may know me as the......guy.The guy using the planets of an imaginary gold sector Macrocosm with proper fundamentals that are decidedly not imaginary but rather, are necessary to call a real bull phase or even bull market. By managing a strict set of macro and sector fundamental inputs (to the sound of crickets and little else in the sector) NFTRH and its subscribe...Read More
By: Ira EpsteinGold technical update -- preparing for the G20, China and more:Read More
- David Haggith President Trump stated on Wednesday that a war with Iran will be fast and easy. Let's hope that means faster and easier than the trade war with China has turned out to be, now a year long and getting worse.We're in a very strong position if something should happen. I'm not talking boots on the ground. I'm just saying if something would happen, it wouldn't last very long.Reute...Read More
Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric established Sprott Asset Management Inc. Over the years, Eric has personally been the recipient of numerous awards and honors, including one of Investor Dig...Read More
"Gold is doing well, it will drag silver up," he said. "Silver has become a bit of a different market since the advent of the cryptocurrencies... once monetary demand comes back, you'll see silver accelerate because it's a small market." David Morgan is a world-renown precious metals aficionado. He is the creator of the Silver-Investor.com website and The Morgan Report, a monthly report that cover...Read More