Now that it's a widely accepted "conspiracy theory" that the next time markets crash, the blame will Continue...Read More
In the land of the Federal Reserve and its market-manipulating mechanisms, there's now an unofficial market term called the “Powell Put” or the “Powell Pivot.”It is in direct reference to Fed chairman Jerome Powell. Before he became chairman, Wall Street referred to prior heads' policies with terms like the "Greenspan Put" the "Bernanke Put" and the "Yellen Put."In layman's...Read More
From valley to peak in the space of one month...The bears were poised to claim final victory in late December... and black crepe was unfurling over Wall Street.The major averages lost nearly 20% from their early October highs. The Nasdaq in fact tumbled into an official bear market.Who could say where it would stop?All things good must end - unlike some things bad - and 10 years is a plenty handso...Read More
In the land of the Federal Reserve and its market-manipulating mechanisms, there's now an unofficial market term called the "Powell Put" or the "Powell Pivot."Continue...Read More
The dollar's best performance in two years is an obstacle for gold.Global trade worries and interest rate factors should mitigate this.Continued strength in gold stocks supports gold's rising interim trend.Even as the dollar strengthens, gold has retained its buoyancy thanks to the high levels of fear and uncertainty surrounding the upcoming U.S.-China trade deadline. In today's report I'l...Read More
COT SPECIAL PUBLICATION SCHEDULE Reminder -- Due to the U.S. Government Shutdown (February 1 Announcement) The last COT report was published on December 21, 2018. Reports going forward from that date will be published in chronological order beginning with the report previously scheduled for release on Friday, December 28, 2018 (based on data from Monday, December 24, 2018). The CFTC publ...Read More
By: Ira EpsteinGold down into important support zone -- Hope for the gold bears ..."April Gold Chart, lower highs and lower lows, down towards the support: $1306.50 area"Read More
USA is coercing every nation not to use Huawei5G or any of Huawei telecom gear. USA is now using the threat of trade sanctions on nations using or intend to use Huawei telecom gear. This will be short term bullish for US dollar but in the long term it will sink the US dollar. I will prefer to accumulate more and more physical gold on dips. Better to increase portfolio allocation to hard assets n...Read More
Gold prices were benefiting on Tuesday following a default in the greenback's impressive bull trend and consecutive days of gains that came to an abrupt end today. Gold is currently trading at 1310, below the session highs of $1,312.8/oz2 and up from $1,308.24/oz. The greenback fell to the 23.6% Fibo retracement of the late Jan rally as the market corrects, despite US yields which rema...Read More
A few simple tools can help anyone make smarter trades.It used to take years of practice and hours of research to consistently make winning trades in the stock market, but nowadaysfinding profitable trades shouldn't have to be a full-time job. In fact, trading like a pro can really be as easy as 1-2-3, with the right tools and technology!According to one company, there's a simple recipe that can...Read More
A surprising OPEC update also boosted oil pricesOngoing budget negotiations in the U.S. and global trade talks were again the focus on Wall Street today. However, the Dow, S&P 500, and Nasdaq all rallied this time around on a much more upbeat news cycle, with President Donald Trump indicating another government shutdown will likely be avoided, though he said he's "not happy" about the proposed spe...Read More
Gold prices pulled back after stabilization of the USD. Price remains in the recent range, firm above $1300/oz. The yellow metal peaked earlier today at $1,314/oz but lost strength and retreated. Recently it bottomed at $1,308, slightly above Asian session lows. As of writing, trades at $1,310, marginally higher for the day. It continues to move firm above $1,300 while the upsi...Read More
Speculators are targeting more short-term upside for PYX stockOptions volume is running hot on Pyxus International Inc (NYSE:PYX) this afternoon, as the stock heads toward its best day since Oct. 8. At last check, around 18,000 options have been exchanged -- five times the average daily volume -- with PYX shares trading up 28.1% at $21.58. Today's upside comes in reaction to the leaf tobacco manuf...Read More
Philip Morris stock just set off a historically bearish signal on its latest reboundThe shares of Philip Morris International Inc. (NYSE:PM) had set a series of lower highs following a late-April bear gap, and bottomed out at an eight-year intraday low of $64.67 on Dec. 27. The stock has since rallied over 23% and is now revisiting the $80 level -- a region of support for PM prior to its mid-Decem...Read More
Both the WGC and LBMA published outlooks for the global economy and gold market in 2019. Who is right? WGC’s Outlook for Gold in 2019 Let’s start from the World Gold Council (WGC) which published its 2019 outlook on January 10th. As befits the organization representing industry’s interests, the WGC is bullish on gold prices. No surprises here. According to the institution, the fo...Read More
Discovered in 2017, the high grade epithermal gold system known as the Saddle target continues to demand attention from the drillers and geologists of Vancouver-based GT Gold. The target is on the company's flagship Tatogga property near Iskut in the province's Golden Triangle.Last year's drilling expanded the strike length at Saddle both to the east and to the west for several hundred metres as...Read More
CMG hit a fresh high earlier today before pulling backChipotle Mexican Grill, Inc. (NYSE:CMG) has started the new year off scorching hot, adding nearly 40% already in 2019. Today, CMG snagged a new three-year high of $612.60 out of the gate, although it was last seen down 1.2% to trade at $596.37. If history is any guide, Chipotle options traders may want to set their sights on more record highs...Read More
Gold settled higher on Tuesday, with the dollar on track to end its stretch of eight straight wins. The yellow metal had ended Monday with a 0.5% loss as the leading dollar index traded at its highest levels since December, cutting demand for investors buying precious metals using currencies other than the U.S. unit. April gold GCJ9, -0.34% tacked on $2.10, or 0.2%, to settle at $1,314 an ounce....Read More
Molson Coors, meanwhile, is slumping toward its worst day in monthsPositive headlines out of D.C. are driving stocks higher today. Among individual names making notable moves are insurance issue Brighthouse Financial Inc (NASDAQ:BHF), beer giant Molson Coors Brewing Co (NYSE:TAP), and mortgage application software specialist Ellie Mae Inc (NYSE:ELLI). Here's a quick roundup of what's moving the sh...Read More
• A modest USD profit-taking helps regain positive traction on Tuesday. • The up-move seemed rather unaffected by the prevalent risk-on mood. • A pickup in the US bond yields does little to hinder the positive move. Gold built on its steady intraday ascent and climbed to fresh session tops, around $1314 level in the last hour, r...Read More