Apologies. As the bull market has ground on endlessly, I might have provided you with a precise target for the elusive Mother of All Tops. Instead, what I've done in recent months is pussyfoot with relatively minor rally targets of limited value. Can you blame me for hoping that one of these little pishers would eventually nail the summit of a runaway bull badly in need of a rebuke? So far, as y...Read More
By: IRA EPSTEINGold technical update: Read More
ASIAN METALS MARKET UPDATEGold needs to break and trade over $1290-$1292 zone to attract short covering. Spot silver needs to trade over $15.10 to attract short covering. Crude oil needs to trade over $60.00-$60.60 this week to be in bullish zone. Copper is in neutral zone. Japanese markets are closed this week till 5th May. So the sea calm is there in bullion and currencies. US dollar will ga...Read More
The price momentum or average gold price is $1,283, and the market closing above it, activated the S1 of $1,298 and S2 of $1,306.If we come back down below $1,299 after completion, you will probably be stopped out and go neutral.If it goes down below $1,283, after making it up to the targets at S1 and S2, it would activate B1 of $1,274 and B2 of $1,260. Looking Back We published a report on Seekin...Read More
The S&P 500 and Nasdaq settled at record-high closesThe S&P 500 kicked off the week with a fresh record high, as investors began gearing up for a busy week of economic and earnings data. Bank stocks were some of the day's best performers, with impressive gains for JPMorgan Chase (JPM) and Goldman Sachs (GS) helping keep the Dow above water, while another strong showing from tech had the Nasdaq tou...Read More
Australia's Newcrest Mining Ltd on Tuesday reported a 8 percent rise in third-quarter gold output, but was lower than the preceding quarter, hurt by lower production at its flagship Cadia mine.The country's largest independent gold miner's total gold production for the three months to March 31, came in at 623,124 ounces compared with 575,791 ounces a year ago. However, it marks a near 5 percent de...Read More
Three stocks could help investors double their money in 2019.2019 could be a game-changer for investors... Especially those looking to potentially double their money.Those investors now have a simple blueprint to follow for success.Simply put, these three stocks could be the best way to make money in 2019 -- whether the markets are flying high, or sinking like a ship.This free Investor's Report re...Read More
Take advantage of the first amendment, and participate in a nation-wide poll.With the 2020 election growing ever closer, the country continues to be divided politically.From disputes about the appropriateness of displaying the Confederate flag, to rights for minorities, and the ever-growing concern about security at the U.S. border, the 2020 election promises to be contentious... if not the most c...Read More
The shares are up 19% month-to-dateIt's a relatively quiet day on Wall Street, though the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are fresh off new all-time intraday highs. There are several individual stocks making big moves, including cannabis name Canopy Growth Corp (NYSE:CGC), data center specialist Switch Inc (NYSE:SWCH), and clinical stage biotech Innovate Biopharmaceuticals Inc (NAS...Read More
Gold futures settled lower Monday after tallying gains in each of the last three trading sessions, with investors looking ahead to a busy week for Federal Reserve policy and key U.S. jobs data. Palladium, meanwhile, suffered its biggest one-day decline since March, as prices retreated in the wake of four consecutive sessions of gains. Gold for June delivery GCM9, -0.14% fell $7.30, or 0.6%, to se...Read More
Gold futures settled lower Monday after tallying gains in each of the last three trading sessions, with investors looking ahead to a busy week for Federal Reserve policy and key U.S. jobs data. Palladium, meanwhile, suffered its biggest one-day decline since March, as prices retreated in the wake of four consecutive sessions of gains. Gold for June delivery GCM9, -0.14% fell $7.30, or 0.6%, to se...Read More
Gold futures settled lower Monday after tallying gains in each of the last three trading sessions, with investors looking ahead to a busy week for Federal Reserve policy and key U.S. jobs data. Palladium, meanwhile, suffered its biggest one-day decline since March, as prices retreated in the wake of four consecutive sessions of gains. Gold for June delivery GCM9, -0.15% fell $7.30, or 0.6%, to se...Read More
Gold prices are going down again. On Monday April 29th, the troy ounce of this precious metal costs 1283.30 USD. It might well be that the instrument may plunge even more unless some significant news appear on the market. The driver that may support Gold is investors’ possible risk aversion. There may be several reasons for that, starting from the US Federal Reserve’s decision to keep...Read More
NBRV calls have been preferred for some time nowThe shares of Nabriva Therapeutics (NASDAQ:NBRV) are up 3.3% to trade at $2.85 today. Back in January, the company said the Food and Drug Administration (FDA) is expected to decide by tomorrow, April 30, on the approval of Contepo, a urinary tract infection antibiotic. Ahead of the anticipated decision, NBRV's typically quiet options pits have come...Read More
Plus, 24 more stocks that could shine next month, if past is prologueMost Wall Street veterans are familiar with the saying, "Sell in May and go away" -- an adage based on arguably stale seasonality stats. Traders who don't subscribe to that theory can certainly find bullish opportunities in May. In fact, we've outlinedthe 25 best stocks to own in the month of May, historically, including FAANG na...Read More
Stocks slightly extended their short-term uptrend on Friday, as investors reacted to the quarterly corporate earnings, better-than-expected economic data releases. The S&P 500 got very close to the September 21st record high again. Will it reach the new all-time high today?The U.S. stock market indexes gained 0.3-0.5% on Friday, slightly extending the uptrend, as investors' sentiment remained...Read More
NBL is the energy stock equivalent of Jon Snow, apparentlyNoble Energy, Inc. (NYSE:NBL) is the Jon Snow of energy stocks apparently. J.P. Morgan Securities released a note titled "E&P Game of Thrones" that said NBL could be the new "King of the North," while upgrading its opinion on the stock to "overweight" from "neutral." The analyst note also put the price target on the shares at $32, up from $...Read More
Gold's previous rally attempt failed due to the dollar's strength.Traders should avoid that same mistake during gold's latest rally.The dollar index needs to reverse its immediate-term uptrend line.For the first time in weeks, gold investors have reason to smile after the metal's latest rally attempt. The reversal process of gold's 10-week decline, however, has only just begun and face...Read More
The options market is pricing in a big move for Wednesday's tradingApple Inc. (NASDAQ:AAPL) headlines a busy week of earnings season, with the iPhone maker set to unveil its fiscal second-quarter results after the close tomorrow, April 30. Ahead of the event, AAPL stock has been relatively quiet on the charts, per its 30-day historical volatility of 12.3%, which registers in the 8th annual percent...Read More
Seagate stock has added 16% year-to-dateData storage name Seagate Technology PLC (NASDAQ:STX) is up 0.3% at $45.11 in today's trading, moving higher as investors anticipate the company's upcoming quarterly report. STX's fiscal third-quarter results are scheduled for before the market opens tomorrow, April 30. Below, we will dive into what the options market is anticipating in terms of a post-earni...Read More