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
All three major indexes are lower at middayThe Dow Jones Industrial Average (DJI) is trading lower once again today, earlier touching another multi-month low. On top of the troubles around blue chip Goldman Sachs (GS), traders are also digesting widespread weakness in the healthcare sector after a big Obamacare court ruling, as well as some weak economic data. Specifically, homebuilder sentiment i...Read More
The beleaguered goldstocks are recovering from their late-summer capitulation, enjoying a solidyoung upleg as investors gradually return. Their buying has pushed the leading gold-stock ETF near a major triplebreakout technically. That event should reallyboost capital inflows into this sector, accelerating the rally. A major gold and gold-stock buying catalystis likely imminent too...Read More
Starbucks stock is ripe for more bull notesAt last check, Starbucks Corporation (NASDAQ:SBUX) stock was down 0.5% to trade at $64.79, despite receiving a price-target hike to $70 from $69 at J. P. Morgan Securities. If history is any guide, the coffee name could perk up heading into 2019 after flashing a bullish signal.Starbucks stock is now within one standard deviation of its 50-day moving aver...Read More
Gold was lower today in dollars but saw slight gains in pounds and euros. It was supported by increasing concerns about the likelihood of a ‘hard’ Brexit, about global economic growth and uncertainty around the Fed’s interest rate policies in 2019. Gold in GBP – 1 Month (GoldCore)Gold has consolidated on last week’s 2% gains in dollar terms and is essentially flat in...Read More
A quick look at some of this morning's analyst activity on Wall StreetTaking a quick look at some bullish analyst attention across Wall Street this morning, three stocks in focus are Lululemon Athletica Inc. (NASDAQ:LULU), Stanley Black & Decker, Inc. (NYSE:SWK), and Sherwin-Williams Co (NYSE:SHW). For LULU shares, Stifel became the latest brokerage firm to weigh in bullishly, upgrading its rating...Read More
If approved, the hormone-free birth control would be the first of its kindSuccessful late-stage results for its experimental birth control, Amphora, have Evofem Biosciences Inc (NASDAQ:EVFM) stock up in early trading. If approved by regulators, the gel-based, hormone-free birth control would be the first of its kind -- news that has EVFM shares up nearly 20% to trade at $4.24. The stock earlier pe...Read More
How you can transform lagging indicators into leading indicators. From Bollinger bands to momentum oscillators, technical indicators have been at the forefront of the trading world's constant need to stay ahead of the curve since the first exchange opened its door over 200 years ago.After all, every trader is always looking for an edge... Some way to predict what will happen next... And hopefully...Read More
Central banks’ purchases create a floor for gold prices. Myth or fact? We invite you to read our today’s article about the central banks’ demand for gold and find out whether it will save gold. Gold is an important part of central banks’ foreign exchange reserves. As of H1 2018, they hold about 34,000 tons of bullion worth $1.36 trillion, or 10.3 percent of the total reserv...Read More
Short sellers have been ramping up their exposure to the retailer, tooBofA-Merrill Lynch downgraded Best Buy Co Inc (NYSE:BBY) to "underperform" from "neutral," and slashed its price target to $50 from $70 -- a discount to Friday's close. The brokerage firm cited troubling industry trends and uncertainty around sales of Apple (AAPL) products. Additionally, the analyst in coverage said the big box...Read More
The shares are on track to retake a key trendline todayThe shares of Barnes & Noble, Inc. (NYSE:BKS) are up 4.9% in electronic trading, after Craig-Hallum upgrade the book retailer to "buy" from "hold," while boosting its price target to $10 from $7. The new price target represents territory BKS hasn't traded near since March 2017, and is a 54% premium from Friday's closing perch of $6.49. Today'...Read More
The financial firm has been charged in the 1MDB scandalStocks are set to pick up right where they left off on Friday, with Dow Jones Industrial Average (DJI) futures trading well below fair value. Today's pressure is coming from Goldman Sachs (GS), with the shares down more than 2% in pre-market trading, on news Malaysia has charged the big-cap bank and two of its former employees in connection wi...Read More
The bears haven't even begun to smell blood"An immediate risk to bulls... is the big put open interest lingering at the SPY 260 strike, a large majority of which was bought to open... big put open interest strikes like this can sometimes act as a magnet due to 'delta hedging', which occurs when sellers of the puts are forced to sell S&P futures to hedge their positions ... Admittedly, this is a t...Read More
Cocoa's 2016-7 bear market reversal was in total harmony with one kind of analysis If financial markets were styles of music, equities, especially the most stable Big Board stocks, are like great classical compositions: They're made up of consistent, steady tempos you could listen to all day with the occasional booming or crashing note.Commodities are different. They're the jazz players deliverin...Read More
CloseGain/LossGold $1246.30+$8.00Silver$14.67+$0.09XAU69.19+2.37%HUI156.72+2.66%GDM570.75+1.84%JSE Gold1302.25+3.60USD97.14-0.32Euro113.47+0.42Yen88.54+0.31Oil$49.88-$1.3210-Year2.858%-0.035T-Bond143.75+0.46875Dow23592.98-2.11%Nasdaq6753.73-2.27%S&P2545.94-2.08% The Metals: Gold saw slight losses in Asia, but it then climbed steadily higher in London and New York and ende...Read More
CloseGain/LossGold $1246.30+$8.00Silver$14.67+$0.09XAU69.19+2.37%HUI156.72+2.66%GDM570.75+1.84%JSE Gold1302.25+3.60USD97.14-0.32Euro113.47+0.42Yen88.54+0.31Oil$49.88-$1.3210-Year2.858%-0.035T-Bond143.75+0.46875Dow23592.98-2.11%Nasdaq6753.73-2.27%S&P2545.94-2.08% The Metals: Gold saw slight losses in Asia, but it then climbed steadily higher in London and New York and ende...Read More
A simple way to stop picking losers, and start cashing in like Wall Street's elite.Most traders would never believe that 9 out of 10 trades could be winners.But while it may sound impossible, thanks to a research breakthrough, it may not be as far-fetched as many think.JPMorgan's trading desk produced a 99.52% win rate from 2013 through 2017. That includes 2 straight years without a losing day....Read More
By Dave KranzlerA couple of my subscribers emailed me expressing frustration over the fact that their recent homebuilder puts are either not moving higher or losing value despite the sell-off in the overall stock market. There's two factors. First, the homebuilder sector has dropped well over 30% since late January. To an extent there may be some seller's fatigue. At some point there will be sho...Read More
By Clint SiegnerThe Democratic party will be moving back into the control room in the House of Representatives.Congress may commemorate the return to split government with a partial shutdown. The feud over construction of a border wall looks like it will not be resolved in time. It could be the first of many political dramas in 2019.The debate over funding for the wall is theater, make no mistak...Read More
By Frank HolmesStrengthsThe best performing metal this week was palladium, up 1.41 percent, though hedge funds cut their long position to a three-week low. ICBC Standard Bank, however, sees palladium hitting $1,500 an ounce by 2020. Gold traders and analysts were mostly bullish on the yellow metal this week on concerns about a potential U.S. government shutdown and ongoing uncertainty around Bre...Read More
By David HaggithThe Big Bear is back. Ursa Major is in the house of the rising sun, and Taurus is in the house of the setting sun. Those are bad signs for investors who are now daily diving into their horoscopes. The market is pouring out of an inverted Big Dipper, otherwise known as the Big Bear (Ursa Major), and no one (not even the Fed chair) nor any positive event seems able to stop it. I ca...Read More