KO hit a record high late last weekCompanies are starting to unravel how the coronavirus outbreak will affect their bottom line, and the results haven't been pretty. Coca-Cola Co (NYSE:KO) adjusted its own outlook this morning, cutting its current-quarter earnings by one to two cents per share. While China is the company's third-largest market in terms of unit case volume, Coca-Cola did reaffirm...Read More
RBC upgraded CHWY to "outperform" from "sector perform"Chewy Inc (NYSE:CHWY) stock is set to open at one-month highs this morning right on the heels of a bull note from RBC. The analyst upgraded the online pet supply retailer to "outperform" from "sector perform," praising its risk-reward outlook and strong fundamentals. At last check, CHWY is up 10.2% to trade at $32.19. Since pulling back to re...Read More
Stocks are eyeing another down dayDow Jones Industrial Average (DJI) futures are trading more than 100 points below fair value, as coronavirus concerns pick back up. This comes after stocks suddenly pulled back on Thursday, with the selling set to continue on the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX), as well. As such, the Cboe Volatility Index (VIX) could be due for another rise, along w...Read More
When gold and gold stocks struggle in coming weeks, as I expect they will, it won't be because the COVID-19 threat has decreased. Instead, they will have been sabotaged by the excess bullishness that currently prevails among gold-market investors. This isn't to say a lessening of the virus' threat wouldn't also cause gold to recede from its recent seven-year high. But my argument is that gold will...Read More
The word's mineral exploration and mining industry will come together in downtown Toronto for the annual Prospectors & Developers Association of Canada (PDAC) Convention from March 1-4, 2020 marking the 88th year for this iconic event.Toronto is known as the mining investment capital of the world, and the annual PDAC Convention - the sector's unofficial temperature gauge - is set to deliver an...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 408,34954,70066,606175,519561,131650,474682,437 Change from Prior Reporting Period 51,8146,1397,343-6,11041,71153,04755,193 Traders 25958685356336164 Small Speculators LongShortOpen Interest 64,84332,880715,317 4,2462,10057,293 non reportable positionsCha...Read More
Richard (Rick) Mills, Ahead of the herd"Minsky Moment" refers to the idea that periods of bullish speculation will eventually lead to a crisis, wherein a sudden decline in optimism causes a spectacular market crash. Named after economist Hyman Minsky, the theory centers around the inherent instability of stock markets, especially bull markets such as the current one that has been in place for o...Read More
By: Ira EpsteinGold is at the highest close in years. The old highs at the start of 2020 is now gone, trend is up, momentum..https://www.iraepstein.com/Ira EpsteinOver the past 35-years Ira Epstein has developed a reputation for providing clients with easy to use technology and teaching good old fashioned trading know-how. No matter how technology changes the methods of entering orders, there'...Read More
Another all-time high for Torex Gold Resources is its Q4/19 gold production. In a news release, Torex Gold Resources Inc. (TXG:TSX) announced that it performed strongly financially, operationally and safety-wise in full-year 2019 and Q4/19 and reviewed each component.Financially , for 2019, the gold producer reported adjusted net income of $67.8 million, or $0.80 per share, on a basic and $0.79 d...Read More
These instances are located outside of previously drilled areas at Great Bear Resources' project in the Red Lake District. Great Bear Resources Ltd. (GBR:TSX.V; GTBDF:OTCQX) reported in a news release the progress it has made with its $21 million exploration program and its predictive modeling of gold mineralization at the LP Fault zone, at its Dixie project in Ontario's Red Lake District.As for...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 408,34954,70066,606175,519561,131650,474682,437 Change from Prior Reporting Period 51,8146,1397,343-6,11041,71153,04755,193 Traders 25958685356336164 Small Speculators LongShortOpen Interest 64,84332,880715,317 4,2462,10057,293 non reportable positionsCha...Read More
Gold is enjoying an awesome week, surging back above $1600 for the first time in nearly 7 years! That big round psychologically-heavy level is really catching traders' attention, great improving sentiment. Yet this recent gold surge has proven peculiar. Unlike normal rallies, the buying driving this one largely hasn't come from gold's usual primary drivers. The stealth buying behind this...Read More
Richard (Rick) Mills, Ahead of the herd"Minsky Moment" refers to the idea that periods of bullish speculation will eventually lead to a crisis, wherein a sudden decline in optimism causes a spectacular market crash. Named after economist Hyman Minsky, the theory centers around the inherent instability of stock markets, especially bull markets such as the current one that has been in place for o...Read More
By: Ira EpsteinGold is at the highest close in years. The old highs at the start of 2020 is now gone, trend is up, momentum..https://www.iraepstein.com/Ira EpsteinOver the past 35-years Ira Epstein has developed a reputation for providing clients with easy to use technology and teaching good old fashioned trading know-how. No matter how technology changes the methods of entering orders, there'...Read More
LONDON, 21 February 2020 - BullionVault is named today as a simple way to invest in gold by Telegraph.co.uk, the website of broadsheet newspaper The Daily Telegraph.Alongside ETFs, coins, mining stocks and managed investment funds, "Gold bullion can be bought in small quantities and placed in a secure vault on your behalf, such as [by] BullionVault."Telegraph subscribers can read the full article...Read More
RambusJust a quick update on the Yen / PM combo we've been following. Today the yen is moving lower in its new impulse move to the downside doing away with the positive correlation it used to have with the PM complex. While the yen is moving lower more PM stock indexes are breaking out to the upside. I just wanted to post this combo chart early so you can follow the breaking out and the backtest...Read More
- Steve St. Angelo, SRSrocco Report According to a precious metals dealer I spoke with, the world out on the street is that demand for gold and silver has recently surged due to investor concerns about a disruption to the Global Supply Chain. We are already seeing a massive slowdown in China's oil demand as official reports show a 20% reduction in oil consumption. However, I believe China'...Read More
By: Ira EpsteinGold Market: higher highs ad higher lows short-term. What resistance exists above? Markets in general are looking at the "what if" scenarios..Read More
One needs to keep on booking profit as long as gold does not break $1633.80 and silver does not break $1882.90. There is a big technical resistance between $1633.80-$1648.50 and $1663.30. For gold to rise to $1900-$2000 for the rest of the year, it has to break and trade over $1633.80-$1648.50-$1663.30 zone. Why am writing this? This is always a slip between the cup and the lip. The Lip here is...Read More