Jun 13, 2019 Guest(s): Hans-Arne L'orange Director, Clarksons Platou Securities The Trump trade wars has pushed down base metals, and the deflated price could be a good barometer for global growth, said Hans-Arne L'orange, director of Clarksons Platou Securities. "Dr. copper is known world-wide to give a good indication of the world's GDP growth, and I think the drop from April is a clear indica...Read More
Lynette Zang returns to SGT Report to discuss the reasons she thinks the time for a global economic reset is drawing near. Thanks for tuning in.Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been a banker, a stock broker a...Read More
Never mind that China is the talk of the world, right now, what with the U.S.-China trade war in full swing, I've talked a lot about China's overbuilding bonanza since the Continue...Read More
As Warren wrote nearly 20 years ago, "it is probably the best single measure of where valuations stand at any given moment." Continue...Read More
Jason talks about an interview that billionaire investor, trader and hedge fund manager Paul Tudor Jones gave on Bloomberg today about how gold is his favorite trade for the next 12-24 months. Jones thinks that gold can get to $1700/oz very quickly.New Paul Tudor Interview on Bloomberg Wednesday: https://www.bloomberg.com/news/videos...Jason Burack is an investor, entrepreneur, financial historian...Read More
Since late May, GLD has staged a significant rally (up each of the last 8 trading sessions) and suddenly is sitting near highs from earlier in the year.There are many signals, though, that are indicating the expansion could abruptly turn into a contraction in the very near future.There is likely anticipatory buying occurring right now in the metal, which accounts for some (but definitely not all)...Read More
Americans' trust in institutions, from the federal government to banks to the news media, has been deteriorating for decades. Sixty years ago, three quarters of Americans expressed faith in the government to do the right thing "most of the time" or "just about always." Today, only one in five people, a near-record low, believes our leaders make decisions in the country's best interest.The news m...Read More
By: Ira EpsteinHow dovish will the FOMC be next week? Gold lost its trend, support in lower $1,300's:Read More
Although the S&P 500 and the Dow Industrials have been in explosive rallies for the last five days, traders appear skeptical, if not to say skittish. As the take-no-prisoners short squeeze has unfolded, a widely watched 'fear indicator' has refused to give ground; this, despite a 700-point burst in the Dow Industrials and a corresponding gain in the S&Ps over the last three days. The VIX Volatil...Read More
Gold needs to trade over $1339-$1345 zone to start another wave of rise. Chances of correction will be high as long as gold does not break this zone. Silver needs to fall below $1445 or break and trade over $1492 for direction. Momentum is down for silver. Copper can see a temporary rise. Crude oil can fall first and then rise. Trend is still down for gold and silver. Buyers and investors will...Read More
Larry Kudlow still predicts 3% U.S economic growth through 2019The Dow snapped its six-day winning streak today, taking a breather from recent risk-on sessions. Stimulus buzz out of China saw the Dow jump out to a triple-digit lead in the morning. Around midday, the tech sector that had earlier propped markets up pivoted lower, sending all three benchmarks into the red. As investors await trade up...Read More
CHS and CASY just reported quarterly earnings and revenue that beat analysts' estimatesThe Dow is higher today, set for a seventh straight win. Three names to watch today are women's clothing specialist Chico's FAS, Inc. (NYSE:CHS), drugmaker Insys Therapeutics Inc (NASDAQ:INSY), and convenience store operator Casey's General Stores Inc (NASDAQ:CASY). Here's what's moving the shares of CHS, INSY...Read More
All markets, especially gold are driven by the emotion of fear.Fear leaves repetitive patterns in the pricing history.The recent rally in gold has yet to change the patterns that imply lower gold prices in the future.All markets are driven by the emotion of fear - fear of losing and fear of missing out (greed) - and it is hard to think of a more emotional investment than gold. It has been the 'go-...Read More
The shares have a history of making big post-earnings movesOptions traders are blasting Tailored Brands Inc (NYSE:TLRD) ahead of the retailer's first-quarter earnings report, due after the close tomorrow, June 12. This heavy options activity is hardly new for TLRD stock, though, with both call and put open interest perched at 52-week highs.Today, most of the action is occurring on the put side, wi...Read More
LULU gapped higher by 14% in the wake of March's earnings reportAthleisure icon Lululemon Athletica inc. (NASDAQ:LULU) has cooled off some since racing to a record high of $179.50 on April 25. But the lull could be over soon, with the company's first-quarter earnings report slated for release after the market closes tomorrow, June 12. Below, we will take a closer look at how LULU has been perfor...Read More
There's a lot to like about RACE stock from a technical standpoint Few groups have benefited more from President Donald Trump's decision to not go through with tariffs on Mexico than automakers, and one stock from this sector that's been soaring is Ferrari N.V. (NYSE:RACE). In fact, the shares earlier hit an all-time high of $155.51, as they go for a sixth straight positive session. Looking closer...Read More
Gold settled higher Tuesday, recovering earlier losses, as appetite for riskier assets waned and U.S. stock indexes weakened. "Trade and tariff talks have distorted gold prices, as misunderstood gold" reacted to the Trump's administration recent decision to shelve tariffs against Mexico, said George Gero, managing director at RBC Wealth Management. Meanwhile, "Brexit problems escalate, and China-U...Read More
A bullish signal flashing for Vistra might mean fresh highs on the charts Since suffering a massive bear gap shortly after hitting its all-time high in early May, the shares ofVistra Energy Corp (NYSE:VST) have been trading in a channel of lower lows, with several attempts at a bounce capped by the equity's 20-day moving average. VST is trying its hand at another comeback today, though, up 1.2% at...Read More
Chinese stimulus chatter is fueling upside, tooThe Dow Jones Industrial Average (DJI) has pared a portion of its earlier triple-digit lead, but is still sporting modest gains at midday -- putting the blue-chip index on track for a seventh straight win. In addition to stimulus buzz out of China, traders are reacting to a positive session for tech shares, with upgraded Facebook (FB) highlighting a b...Read More
The stock has seen support at its 160-day moving averageBargain retailer Five Below Inc (NASDAQ:FIVE) has had a mostly strong year on the charts. So far the shares have tacked on 28.9% year-over-year, and despite a recent fall, they're seeing a floor of support at the historically supportive 160-day moving average. Also emerging as support has been the $119 level, which represents seven times the...Read More