Gold and silver should rise after crude oil bust up. First casualty of the crude oil bust as Singapore Police probe Hin Leong After $800 Million Oil Losses. There will be more. I remember in 2009 during the natural gas price bust, a lot of hedge funds vanished. Red Kite and copper everyone one remembers. There will be a lot energy traders who have been busted. Large hedge funds and state backed...Read More
Even the most casual silver investor must be discouraged with what has happened to silver prices recently. But what about those who were/are super bullish? How do they feel?As I read various reports and articles, I sense some back peddling on the more extreme predictions which were so prevalent just shortly more than a month ago. On the other hand, I also sense a reluctance to let go; to just admi...Read More
Imagine, if you will, there was nocoronavirus. No haz-mat suits, medical masks & gloves, no make-shiftmorgues. No terminally ill patients hooked up to ventilators, no horribledeaths without love ones close, no lockdowns, no social distancing, no desertedstreets, no bailouts, no emergency wage supplements, just a regular spring withbirds chirping and flowers blooming. Of course there is no...Read More
The greenback exerts powerful influence on theprecious metals – that has been the case yesterday, and it unsurprisinglycontinues to be so also today. So, what message is the USDX sending out rightnow?USD Index in the SpotlightWe’ll open up with a quote from yesterday’sAlert (by the way, please remember that all charts areexpandable/clickable):Looking at the 4-hour candlestickchar...Read More
Even the most casual silver investor must be discouraged with what has happened to silver prices recently. But what about those who were/are super bullish? How do they feel?As I read various reports and articles, I sense some back peddling on the more extreme predictions which were so prevalent just shortly more than a month ago. On the other hand, I also sense a reluctance to let go; to just admi...Read More
Imagine, if you will, there was nocoronavirus. No haz-mat suits, medical masks & gloves, no make-shiftmorgues. No terminally ill patients hooked up to ventilators, no horribledeaths without love ones close, no lockdowns, no social distancing, no desertedstreets, no bailouts, no emergency wage supplements, just a regular spring withbirds chirping and flowers blooming. Of course there is no...Read More
The greenback exerts powerful influence on theprecious metals – that has been the case yesterday, and it unsurprisinglycontinues to be so also today. So, what message is the USDX sending out rightnow?USD Index in the SpotlightWe’ll open up with a quote from yesterday’sAlert (by the way, please remember that all charts areexpandable/clickable):Looking at the 4-hour candlestickchar...Read More
Even the most casual silver investor must be discouraged with what has happened to silver prices recently. But what about those who were/are super bullish? How do they feel?As I read various reports and articles, I sense some back peddling on the more extreme predictions which were so prevalent just shortly more than a month ago. On the other hand, I also sense a reluctance to let go; to just admi...Read More
Imagine, if you will, there was nocoronavirus. No haz-mat suits, medical masks & gloves, no make-shiftmorgues. No terminally ill patients hooked up to ventilators, no horribledeaths without love ones close, no lockdowns, no social distancing, no desertedstreets, no bailouts, no emergency wage supplements, just a regular spring withbirds chirping and flowers blooming. Of course there is no...Read More
The greenback exerts powerful influence on theprecious metals – that has been the case yesterday, and it unsurprisinglycontinues to be so also today. So, what message is the USDX sending out rightnow?USD Index in the SpotlightWe’ll open up with a quote from yesterday’sAlert (by the way, please remember that all charts areexpandable/clickable):Looking at the 4-hour candlestickchar...Read More
By: Ira EpsteinGold's weekly chart is bullish, 18-week moving average nearing $1,600 -- a big support area for gold. Upper Bollinger bands at $1722 area and rising...Read More
By: Avi GilburtI know the title may sound unusual and almost unrealistic to those following the media cycle. With unemployment skyrocketing, GDP projections in the tank, bankruptcy expectations running sky high, and the average person on Main Street struggling terribly, how is this action even possible?So, before I outline my analysis, which is actually rather simple right now, I want to re-post...Read More
The news media and the pundits flailed around over the weekend trying to come up with reasons why the broad averages have rallied to within 10%-20% of record highs even though the global economy could be headed into a depression. ZeroHedge is usually able to provide plausible answers to such questions, but here's an attempt that fell short. It places commodity trading advisors at the center of...Read More
Today and tomorrow's close is the key to gold prices. If it falls till tomorrow then gold will move into a short term bearish phase. If not then gold prices will form a medium term bottom. Investment demand is there for gold. But investors will wait if gold prices fall today. Silver, copper and industrial metals will see higher demand from factories as more and more nations open up. World will o...Read More
Oil futures are negative for the first time since they started tradingThe Dow extended its intraday losses, closing nearly 600 points lower after a catastrophic close for black gold. Set to expire tomorrow, oil futures for May delivery finished 306% lower at negative $37.63 per barrel, for the first time ever. As a result, the energy and utilities sectors dragged the blue-chip index. The S&P 500 a...Read More
PCAR's post-earnings price history has been mostly positivePACCAR Inc (NASDAQ:PCAR) has been climbing since the broad-market pullback in March, now up 12% for the month. At last check, PCAR is up 1.1% at $68.39 thanks to a $15 price-target hike from Citigroup to $80, just ahead of the commercial vehicle manufacturer's first-quarter earnings report, due out before the open tomorrow on Tuesday, Apri...Read More
Peak open interest sits at the May 80 callShares of Cadence Design Systems Inc (NASDAQ:CDNS) are moving slightly lower this afternoon, down 0.2% at $78.47, at last check. The options market is likely gearing up for the software name's first-quarter earnings, which are slated for today, after the market close. Below we will take a look at how CDNS has been faring on the charts, and see what the op...Read More
M&T Bank's first-quarter revenue beat analysts' estimates, while its earnings report missed the mark The shares of M&T Bank Corporation (NYSE:MTB) are up 4.3% at $109.82, after the firm posted its first-quarter report. The financial name announced lower-than-estimated first-quarter earnings of $1.93 per share, but $1.51 billion in revenue, which exceeded analysts' expectations. It's been a chopp...Read More
Walmart's sales surged 20% in March, according to a Wall Street Journal reportRetail giant Walmart Inc (NYSE:WMT) is pulling back this afternoon, after hitting a record high of $133.38 earlier today, on a Wall Street Journal report that the company's sales jumped nearly 20% in March. Walmart also announced it will require its 1.5 million U.S. employees to wear masks. At last check, WMT is down 0.1...Read More
New Oriental Education & Tech is expected to report earnings ahead of the bell, tomorrowThe shares of China-based educational services specialist New Oriental Education & Tech Grp (NYSE:EDU) are down 2.2% at $110.01, ahead of the firm's fiscal third-quarter earnings report, due out before the open tomorrow, April 21. Looking back, EDU has been in sell-off mode since running out of steam at its 40-...Read More