Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
The Dow was up over 200 points at its session highsVolatility once again reared its ugly head today. The Dow was up more than 200 points at its session high, then briefly swung into the red before finishing modestly higher.Stocks initially cheered the latestjobs data, and a rally from Procter & Gamble (PG) lifted the blue-chip barometer. However, optimism about U.S.-China trade relations seemed to...Read More
Analysts were unusually upbeat toward the long-term laggardSubscribers to our Weekend Trader Series service recently doubled their money with the Invesco Ltd. (NYSE:IVZ) January 2019 23-strikeput. We'll take a closer look at why IVZ stock remained on our bearish radar, and how another winning options trade unfolded.When we entered the position on Monday, Nov. 5, the investment management concern...Read More
Bank stocks have had a terrible month so farBank stocks have taken a bruising during the broader equities market's latest leg lower, with the Financial Select Sector SPDR Fund (XLF) down 11% since an early December rejection at the $27.50 level -- a familiar layer of resistance following the fund's mid-October bear gap, and home to its 80- and 120-day moving averages. In fact, the shares bottomed...Read More
Analysts are bearish on these three stocksU.S. stocks aren't making too big of a move in either direction today, with the Dow last seen slightly lower. As for individual stocks to watch, traders should check out the news around beer maker Boston Beer Company Inc (NYSE:SAM), supply chain solutions provider XPO Logistics Inc (NYSE:XPO), and pharma name Alkermes Plc (NASDAQ:ALKS). Continue reading fo...Read More
DAL put options have been popular today, specificallyThe shares of Delta Air Lines, Inc. (NYSE:DAL) are down 4.7% to trade at $53.55, after the airliner issued a weaker-than-expected revenue outlook for 2019. At the company's investor day, Delta predicted a 4% to 6% rise in revenue -- weaker than analysts' expectations -- citing concerns about global economic growth. In response to the pullback...Read More
Zero. The US inflation rate was unchanged in November. What does the flat CPI mean for the gold market? What Happened With Inflation?The CPI was unchanged in November, following an increase of 0.3 percent in October. It was the weakest number since March 2018, when monthly inflation fell about 0.1 percent. However, the flat reading was caused by a sharp decline in the price of gasoline – tha...Read More
CloseGain/LossGold $1242.90-$3.00Silver$14.77+$0.03XAU68.75+0.17%HUI156.67-0.06%GDM568.86+0.18%JSE Gold1298.65+25.20USD97.07+0.05Euro113.64-0.02Yen88.03-0.31Oil$52.58+$1.4310-Year2.909%-0.005T-Bond143.15625-0.09375Dow24597.38+0.29%Nasdaq7070.33-0.39%S&P2650.54-0.02% The Metals: Gold held near unchanged in Asia before it dipped to $1240.30 in early New York trade and then...Read More
- 'Gigantic holes in the system' warns former Fed Head- Interest rates will remain lower than they have been in past- Leveraged loans pose risks and there is unfinished regulation- "I think things have improved, but then I think there are gigantic holes in the system"- No new financial crisis in 'our lifetimes', Yellen said only last year- Editors note: Yellen should know as she and her predece...Read More
A partial government shutdown could happen ahead of the holidaysNext week, the highly anticipated December Fed meeting will make headlines, with the central bank widely expected to boost rates again. Traders will undoubtedly dissect the Fed's policy statement and the post-meeting press conference with Fed Chair Jerome Powell for clues to the future pace of rate hikes. In addition, Wall Street will...Read More
U.S. production of lithium is set to increase 1,300% in the next 2 years.Who wouldn't be happy with 614% gains in a very short amount of time?Well that's what one lithium mining stock did in just under 12 months. But only Australians could reap the rewards of that slam-dunk.Until now that is. The very same "secret sauce" that led to that stock's meteoric rise is now being implemented here in Ameri...Read More
The minor metals industry is facing turbulent times and increased volatility in all regions, but some things remain constant and there are always new opportunities if you know where to look, says former-chairman of the MMTA Anthony Lipmann. For Lipmann, owner of niche metals company Lipmann Walton and former chairman of the Minor Metals Trade Association, the constants include an "old fa...Read More
The shares are down 38% from their early March peakCitigroup upgraded Marvell Technology Group Ltd. (NASDAQ:MRVL) to "buy" from "neutral," and raised its price target to $19 from $17.30 -- a nearly 24% premium to last night's close. The brokerage firm said Wall Street is discounting the chipmaker's impressive networking sales, and the short-term risk-reward profile looks attractive following MRLV'...Read More
Our team of researchers, at www.TheTechnicalTraders.com, believe the recent upward price move in Gold has reached a level where prices will pause and retrace a bit before the next big leg higher begins.The recent downward pricing pressures in the US and global stock markets have prompted Gold to move well above recent highs near $1242. We predicted this move over 40 days ago with this resear...Read More
Output and sales continued to contract in China's automotive sector, with the rate of decline during the first 11 months of 2018 widening in comparison with that for the first 10 months.The country produced 2.50 million vehicles in November, down 18.9% from a year earlier, while sales fell 13.9% on the year to 2.55 million units, according to the latest data from the China Association of Automobil...Read More
It's the index's first death cross in nearly three yearsWith U.S. stocks wilting in the fourth quarter, the S&P 500 Index (SPX) recently made a "death cross," as many financial media outlets have mentioned. Specifically, the broad-market barometer's 50-day moving average just edged south of the 200-day moving average, typically viewed as a bearish technical indicator. While we recently took a look...Read More
Stocks are modestly higher today, with big moves from PG and GE in focusU.S. stocks are hovering near breakeven today, as traders take a breath after a few frantic days on Wall Street. A big move from Procter & Gamble (PG) is helping the Dow Jones Industrial Average (DJI), while the shares of General Electric (GE) are making a notable rise after a bullish analyst note. Meanwhile, political and tra...Read More
LOW stock is pacing for its fourth straight weekly winThe shares of Lowe's Companies, Inc. (NYSE:LOW) rallied nearly 3% yesterday -- and today, are up 0.4% at $92.46 -- after the company unveiled a new share buyback program at its annual analyst day. The brokerage bunch was quick to chime in, too. RBC and Stifel raised their respective price targets to $105 and $96, while Loop Capital reiterated i...Read More
A long-term bear upgraded GE stock to "neutral"J.P. Morgan Securities analyst Stephen Tusa upgraded General Electric Company (NYSE:GE) to "neutral" from "underweight," marking the first time since May 2016 he's adjusted his rating on the former Dow stock. Tusa also removed GE from his Analyst Focus List as a short idea, even though he maintained his Street-low $6 price target, but noted the broker...Read More
Precious metals expert Michael Ballanger discusses the role of silver historically as well as recent moves in the market. Could there have ever been constructed four finer sentences strung together for the purpose of defining eight items related to money and social standing than the following?"Gold is the money of kings. Silver is the money of gentlemen. Barter is the money of peasants. And debt i...Read More
Our proprietary Fibonacci predictive modeling system is suggesting Natural Gas is about to break down below the $4.30 level and move aggressively toward the $3.05~3.25 level. This could be an incredible move for energy traders and a complete bust for existing longs.This Weekly Natural Gas chart is showing our Fibonacci Predictive modeling system and highlighting the lower support price targe...Read More