Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 199,50794,14361,105132,478265,287393,090420,535 Change from Prior Reporting Period 5,723-5,0854,279-7,0367,5432,9666,737 Traders 19361815454277168 Small Speculators LongShortOpen Interest 54,44927,004447,539 4,4036327,369 non reportable positionsChange fr...Read More
Gold has faded from interest in the past couple months, overshadowed by the monster stock-market rally. But gold has been consolidating high, quietly basing before its next challenge to major $1350 bull-market resistance. A decisive breakout above will really catch investors' attention, greatly improving sentiment and driving major capital inflows. With gold-futures speculators not very lo...Read More
By: Dave KranzlerGold and silver are historically undervalued relative to the stock and bond markets. The junior mining stocks overall are at their most undervalued relative to the price of gold since 2001. Gold's relative performance during the quarter, when the stock market had its best quarterly performance in many decades, is evidence of the underlying strength building in the precious metal...Read More
By: Ira EpsteinGold back into a down thrust. Higher high and lower low. Gold - there is no real story here right now. Read More
Gold got whacked Thursday as it so often does i.e., at the apex of a rally that may have encouraged a bullish thought or two in the minds of some investors. Alas, the worst selloff we've seen in well, it's actually been only two weeks socked the June contract with an $18 loss. In the accompanying chart, some might discern a head-and-shoulders kinda thing going on in the ups and downs of 20...Read More
The Dow closed more than 269 points higherU.S. stocks closed comfortably in the black following a strong start to first-quarter earnings season. The Dow jumped 269 points on the back of impressive results from bank giant JPMorgan Chase (JPM), while Walt Disney (DIS) had its best day since May 2009 thanks to Disney+ details. The S&P 500 and Nasdaq surged, as well, with the former settling above the...Read More
The downside comes even amid an up day for the broader stock marketThe U.S. stock market is solidly higher today, boosted by an impressive start to earnings season and optimism over Disney's new streaming service. Among other names making notable moves are food delivery name GrubHub Inc (NYSE:GRUB), energy drink manufacturer Monster Beverage Corp (NASDAQ:MNST), and oil-and-gas issue Chesapeake Ene...Read More
Gold futures ended higher on Friday, as consolidation took hold and a leading dollar index, which typically moves inversely with the metal, declined, but prices for the metal still posted a slight loss for the week after getting clobbered a day earlier. June gold GCM9, +0.02% rose $1.90, or 0.2%, to settle at $1,295.20 an ounce. The most-active contract lost about 40 cents an ounce from last Frid...Read More
Gold futures ended higher on Friday, as consolidation took hold and a leading dollar index, which typically moves inversely with the metal, declined, but prices for the metal still posted a slight loss for the week after getting clobbered a day earlier. June gold GCM9, +0.02% rose $1.90, or 0.2%, to settle at $1,295.20 an ounce. The most-active contract lost about 40 cents an ounce from last Frid...Read More
Shares in Coeur Mining (NYSE: CDE), the second largest primary silver producer in the US, took a 3.9% hit Thursday, after reporting that first quarter 2019 gold and silver production had decreased at three of its five mines. Friday's gold and silver spot prices were steady at $1,290.33 and $14.98 per ounce.Total production for the first quarter of the year was 78,336 ounces of gold, 2.5 million o...Read More
ANTM and UNH are set for their worst weeks in a decadeThere's been a lot going on in the healthcare sector lately, and the uncertainty is weighing on a number of stocks in the space. In fact, the Health Care Select Sector SPDR ETF (XLV) is off another 0.5% today at $90.17, and two specific names joining in on the weakness are Anthem Inc (NYSE:ANTM) and UnitedHealth Group Inc (NYSE:UNH). Both are s...Read More
The shares are already flirting with all-time highsPharmaceutical cloud concern Veeva Systems Inc (NYSE:VEEV) scored a price-target hike to $160 from $140 at D.A. Davidson today, with the new target representing uncharted territory for the shares. What's more, VEEV recently flashed a bullish signal, suggesting now could be an opportune time for traders to buy call options on the stock.At last chec...Read More
The S&P saw its eight-day winning streak snapped earlier this weekThis week had a little bit of everything on Wall Street. The S&P 500nabbed its longest wining streak in 18 months, but then saw that streak snapped amid renewed tariff tensions with the European Union (EU). A dovish Fed gave stocks a mid-week boost, while investors digested the first round of big bank earnings. Elsewhere, oil prices...Read More
Goldman has tacked on 24% this yearFirst-quarter earnings season kicked off on a high note today, thanks to strong results from financial JPMorgan Chase (JPM). Fellow blue-chip bank name Goldman Sachs Group Inc (NYSE:GS) is scheduled to report earnings this Monday, April 15, and will unveil its results before the opening bell. Looking at the charts, GS has added 24% year-to-date, one of the best...Read More
Miramont Resources (CSE: MONT; US-OTC: MRRMF) cut significant mineralization during the 3,600 metre drill program at its Cerro Hermoso polymetallic project in Peru in one zone but limited mineralization in two others.The company tested Cerro Hermoso's Central Breccia zone, Stockwork zone and Carbonate Replacement zone. While it encountered short intervals of anomalous mineralization in the Stockw...Read More
How to profit from a big move in either directionWith earnings season right around the corner, options players might want to look into employing a long straddle strategy. A long straddle is typically used ahead of expected volatility (such as before earnings or a product launch), when the trader expects a big move but isn't sure of the direction. It can also be used in anticipation of a breakout p...Read More
Most of Wall Street is bearish on RDFNOnline real estate specialist Redfin Corp (NASDAQ:RDFN) this morning received an "outperform" designation from Wedbush, which also set a $30 price target on the stock, saying in the note that the company's relationship with technology will help it grow its market share. This vote of confidence in RDFN is noteworthy given the broader sentiment picture across Wa...Read More
However, Chevron's M&A plans are keeping DJI gains in checkThe Dow Jones Industrial Average (DJI) is soaring at midday, thanks to an earnings beat from JPMorgan Chase (JPM) and Walt Disney's (DIS) new streaming service. However, oil giant Chevron (CVX) is keeping the Dow's gains in check, after the company inked a deal to buy Anadarko Petroleum (APC). While the Dow is still pacing for a weekly l...Read More
Brazilian President Jair Bolsonaro said on Friday the country could open a vast reserve in the Amazon rainforest to mining, a move attempted by his predecessor that was quickly rescinded following an international environmental outcry.The National Reserve of Copper and Associates (Renca) occupies roughly 17,800 square miles (46,100 square kilometers), an area slightly larger than Denmark, that is...Read More
COLL is no stranger to bull notesShares of Collegium Pharmaceutical Inc (NASDAQ:COLL) are making positive moves this morning, just after landing a "buy" rating and $29 price target out of Janney Montgomery. This type of bull note is not unusual for the stock, however, as all eight covering firms held "buy" or "strong buy" ratings coming into today. Plus, COLL's average 12-month price target corre...Read More