Both stocks have started 2020 off with modest gainsThe20 stocks listed in the table below have attracted the highest weekly options volume during the past 10 trading days, with data courtesy of Schaeffer's Senior Quantitative Analyst Rocky White. The stocks highlighted in yellow are new to the list. Below, we're going to take a closer look at social media stalwarts Twitter Inc (NYSE:TWTR) and Sn...Read More
CAT has added 20% over the past six monthsConstruction equipment name Caterpillar Inc. (NYSE:CAT) was seeing a modest lift this morning after receiving a fresh bull note out of Goldman Sachs. The brokerage firm upgraded CAT to "buy" from "neutral," citing an end to the U.S. machinery recession through tightening capacity utilization, inventories and backlog approaches. However, the stock has rev...Read More
Analysts have weighed in bullishly and bearishly todayThe worst Dow stock so far this morning is Cisco Systems, Inc. (NASDAQ:CSCO), down 5.4% to trade at $47.25. While the tech giant reported second quarter earnings and revenue that topped analyst forecasts, the company warned of a larger-than-expected third quarter revenue drop of 1.5% to 3.5%. Cisco attributed the surprise drop to global econom...Read More
MGM's CEO Jim Murren Stepped down yesterday The shares of MGM Resorts International (NYSE:MGM) are running lower this morning, just one day after news broke that the firm's CEO Jim Murren has decided to step down. The casino company's board also withdrew its full-year forecast for the time being, blaming coronavirus anxieties, though Murren added that he believes the economic effects of the deadly...Read More
Earnings from Cisco Systems, PepsiCo, and Alibaba are also in focusU.S. stock futures are trading below fair value this morning as the attention shifts back to the coronavirus outbreak. Reports pointing to another jump in cases of the virus in China have sparked losses for global stock markets, and the Dow Jones Industrial Average (DJI) is now facing a triple-digit drop at the open. The losses loo...Read More
Bob Moriarty ArchivesFeb 13, 2020I firstwrote about a company named 21C last May. The company has a pair of “green energy” projects, palladium in Canada and cobalt/copper in Europe and easily had the worse name of any company I ever knew. I hated the name 21C. What exactly did that mean?Well, no thanks to me, the company changed the name to one of the very best names I have ever heard,...Read More
Whilst it must be frustrating for Precious Metals sector investors to watch Tech stocks continuing to "shoot the moon" while PM stocks have mostly done nothing, the chart presented below suggests that this situation won't persist for much longer.The 7-month chart for GDX shows it probably completing the Handle of a sizeable Cup & Handle continuation pattern. GDX has stayed above the support leve...Read More
Yesterday from Fed Chairman Powell...Powell says Fed will aggressively use QE to fight next recessionFederal Reserve Chairman Jerome Powell said Wednesday the central bank would fight the next economic downturn by buying large amounts of government debt to drive down long-term interest rates, a strategy that has been dubbed quantitative easing, or QE.Of course they will. The fix is always in, i...Read More
By Carolyn BorodenGold has a rather important decision zone in the 1580.30-1581.70 area. This zone is the high that gold futures (GC) reached on February 3 in a .618 Fibonacci retracement off its low, and it also constitutes a 100% projection of the prior rally swing. Note that on the first test of this key resistance gold has failed to clear the hurdle and has pulled back just over $16.00 s...Read More
By: Ira EpsteinGold market - best to watch the sideways action, watch out for the pot holes..Read More
Results from drill and water well testing at Minera Alamos' project and their implications are reviewed in a Haywood research report. Haywood analyst Kerry Smith reported in a Feb. 6 research note that drilling and water testing yielded positive results at Minera Alamos Inc.'s (MAI:TSX.V; MAIFF:OTCQB) Santana open-pit, heap-leach gold project. Results are in for the first two follow-up holes dril...Read More
The explosive price action seen in palladium recently isindicative of a physical shortage.Put simply, available inventories are failing to keep up with demand (largely from the automotive industry).According to Refnitiv GFMS, the palladium market will be under-supplied by 883,000 ounces this year.Stresses on the physical market are showing up in spiking lease rates, illiquidity, widening bid/ask s...Read More
Tradingslightly above the $50 mark, crude oil hasn’t made a decisive move either wayso far. Yesterday’s bullish session has brought us new clues. Let’s dive andexamine the strength of the evolving oil move higher.We’ll startby taking a closer look at the daily chart (chartscourtesy of http://stockcharts.com). Yesterday, we wrote the following:(…) the pinkgap created...Read More
Whilst it must be frustrating for Precious Metals sector investors to watch Tech stocks continuing to "shoot the moon" while PM stocks have mostly done nothing, the chart presented below suggests that this situation won't persist for much longer.The 7-month chart for GDX shows it probably completing the Handle of a sizeable Cup & Handle continuation pattern. GDX has stayed above the support leve...Read More
Yesterday from Fed Chairman Powell...Powell says Fed will aggressively use QE to fight next recessionFederal Reserve Chairman Jerome Powell said Wednesday the central bank would fight the next economic downturn by buying large amounts of government debt to drive down long-term interest rates, a strategy that has been dubbed quantitative easing, or QE.Of course they will. The fix is always in, i...Read More
By Carolyn BorodenGold has a rather important decision zone in the 1580.30-1581.70 area. This zone is the high that gold futures (GC) reached on February 3 in a .618 Fibonacci retracement off its low, and it also constitutes a 100% projection of the prior rally swing. Note that on the first test of this key resistance gold has failed to clear the hurdle and has pulled back just over $16.00 s...Read More
By: Ira EpsteinGold market - best to watch the sideways action, watch out for the pot holes..Read More
Gold will outperform the S&P 500 Index in 2020. That's one of several projections made by CLSA in its just-released "Global Surprises 2020" report.The Hong Kong investment firm has an impressive track record when it comes to making market predictions last year it had a 70 percent hit rate so it may be prudent to take this one seriously.CLSA's head of research Shaun Cochran: "If investors are con...Read More
Craig Hemke, TF MetalsAs you know, we've been following the palladium story for over two years now. It is very important to understand that this is NOT a speculative, COMEX story. Instead, this is a physical supply story that emanates from London. To that end, today let's review the COMEX data to see how The Banks are responding in this futures-only market.Let's begin with the chart below. This...Read More
By: Ira EpsteinGold has a lower highs and lower lows over the short-term. Choppy action. We are at the 18-dma, the battleground..Read More