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
Oil prices regained more ground on Wednesday, pushed higher after equity markets rebounded from an initial selloff at the start of 2019 trading.The price gains are not entirely convincing. WTI and Brent posted strong gains, each up more than 3 percent by midday in New York, but come largely after U.S. equity markets shook off an earlier bout of pessimism. In fact, the trajectory and health of the...Read More
LONDON, 18 December 2018 - Japan's leading financial data and news agency, Quick, today quotes trading data from BullionVault in a report on the rising gold price.Founded in 1971 and producer of the Nikkei 225 stock index, "Individual investors seem to be acting on this," says Quick."According to BullionVault, the London-based gold trading site, private investors grew their holdings in November ev...Read More
The equity just pulled back to a key trendlineThe shares of Horizon Pharma PLC (NASDAQ:HZNP) touched a two-year high of $23.38 in early November, before pulling back with the broader stock market. However, now could be time to jump in on the next leg higher for HZNP, if recent history is any indicator.Specifically, the pharma stock recently came within one standard deviation of its 160-day moving...Read More
AAPL stock had its worst day in years on ThursdayEven with the New Year's holiday, there was plenty of action to take in on Wall Street for the first trading week of 2019. Most of the trading centered around the huge sell-off in Apple (AAPL) shares, after the iPhone maker lowered its current-quarter outlook due to weakness out of China, which only added to recent jitters about the health of the gl...Read More
The extreme bearish CoT positions necessarily imply the turning point in the gold market. Myth or fact? We invite you to read our today’s article about Comex positioning and find out whether futures will save gold. Usually, the Comex is seen by precious metals investors as the main public enemy. After all, it’s a marketplace for all these short futures which allegedly suppress the gold...Read More
INTC has struggled to breakout in recent monthsIntel Corporation (NASDAQ:INTC) is sitting at the top of the Dow today, after BofA-Merrill Lynch upgraded the chip stock to "buy" from "neutral," and lifted its price objective to $60 from $52. The analyst in coverage called INTC a "compelling large-cap investment," and waxed optimistic on the company's shift to a more data-centric model. At last chec...Read More
Wall Street is also optimistic about U.S.-China trade talksThe Dow Jones Industrial Average (DJI) has shot more than 600 points higher today, as traders cheer a strong December jobs report and digest the latest comments from Fed Chair Jerome Powell. The central bank head said the Fed would exercise patience on the path of rate hikes, and will "watch to see how the economy evolves." Elsewhere, Wall...Read More
One of the names was also downgraded at two brokerage firmsApple (AAPL) suppliers took a hit yesterday, after the iPhone maker cut its revenue guidance. The downside had analysts scrambling to readjust ratings on several names, with semiconductor names Analog Devices, Inc. (NASDAQ:ADI) and Qorvo Inc (NASDAQ:QRVO) in particular seeing bearish brokerage attention overnight.Most Analysts Call Analog...Read More
I was going to look around to see if I could find a media article out there (complete with a TA trying to sound really important) that would be appropriate to be made fun of in our little Men Who Stare at Charts series. But then I decided to create my own chart, stare at it a little, post it and talk about it (hopefully not too self-importantly).Introducing an all too busy long-term (monthly) view...Read More
A free tool can help traders bank big during the upcoming earnings season.Too many investors let their portfolios slip during the busy holiday season, but this is a huge mistake... especially with the market moving events just around the corner!With the crazy market action investors have been seeing lately, right now is the time to prepare to bank big wins.It's important for investors to position...Read More
This is the 3rd article in a series of 4 articles that concludes in a trend forecast for the Silver price 2019. Silver Price Trend Forecast 2018 ReviewGold - Silver RatioSilver Price Trend Analysis 2019Silver Price Trend Forecast Conclusion for 2019The whole of this analysis was first been made available to Patrons who support my work. So for immediate First Access to ALL of my analysis and trend...Read More
A proposed definitive decision in the European safeguard case against certain steel product imports "does not take into account the needs of the automotive sector and will affect the competitiveness of EU automobile manufacturers," the European Automotive Manufacturers Association (ACEA) said on Friday January 4.The European Commission (EC) notified the World Trade Organisation (WTO) on January 4...Read More
FLXN was hit with several price-target cutsFlexion Therapeutics Inc (NASDAQ:FLXN) stock is down 3.2% at $11.94 in early trading, and touched a two-year low of $10.98 out of the gate, after the company announced sub-par full-year revenue guidance -- sparking a round of negative analyst attention. Specifically, Benchmark downgraded FLXN to "hold," while Berenberg cut its price target to $28 from $42...Read More
GME is on track for a hard-earned close above its 10-week moving averageThe shares of GameStop Corp. (NYSE:GME) have shot up 11% this morning to trade at $14.39, after buyout buzz surfaced in a Wall Street Journal report. In an article entitled, "As Videogame Market Shifts, GameStop Struggles to Boost Sales," Sycamore Partners and Apollo Global Management were pegged as potential suitors for GME (...Read More
ALGN had been one of the best stocks in recent yearsInvisalign parent Align Technology, Inc. (NASDAQ:ALGN) was one of the darlings of the bull market in recent years. The shares boomed from their early 2017 perch in the mid-90s to their September 2018 record high of $398.88 -- but the tide has been turning since. Most notably, ALGN stock suffered a massive bear gap in October, and steadily fell in...Read More
NFLX shares are set to open up 4%The shares of Netflix, Inc. (NASDAQ:NFLX) are up 4% in electronic trading this morning after Goldman Sachs added the FAANG name to its "conviction list." Goldman Sachs believes Netflix offers one of the best risk/reward propositions of all the U.S. internet stocks, noting the company's commitment to content will keep driving subscriber growth. While the brokerage...Read More
Demand for flat steel in Turkey is expected to remain slow throughout January, and prices are not expected to increase because global flat steel prices are falling, market participants told Fastmarkets on Thursday January 3.Local producers have filled their order books until late February, they added.The price falls in December resulted in part from weak demand in the local market as well as the h...Read More
Wage growth saw its biggest rise in almost 10 yearsDow Jones Industrial Average (DJI) futures are trading more than 200 points above fair value this morning. The jobs report for December is the top story on Wall Street, after the U.S. economy added 312,000 jobs last month, torching estimates of 176,000. Moreover, wages increased by the most since 2009, though the unemployment rate did tick back up...Read More
CloseGain/LossOn WeekGold $1284.90-$9.70+0.38%Silver$15.68-$0.05+2.02%XAU71.87-0.42%+3.14%HUI162.32-0.64%+2.64%GDM597.11-0.05%+1.57%JSE Gold1407.28-37.87+2.88%USD96.16-0.09-0.23%Euro114.00+0.01-0.41%Yen92.27-1.13+1.57%Oil$47.96+$0.87+5.80%10-Year2.659%+0.099-2.21%Bond146.8125-1.84375+0.71%Dow23433.16+3.29%+1.61%Nasdaq6738.86+4.26%+2.34%S&P2531.94+3.43%+1.86% The Metals: G...Read More
CloseGain/LossOn WeekGold $1284.90-$9.70+0.38%Silver$15.68-$0.05+2.02%XAU71.87-0.42%+3.14%HUI162.32-0.64%+2.64%GDM597.11-0.05%+1.57%JSE Gold1407.28-37.87+2.88%USD96.16-0.09-0.23%Euro114.00+0.01-0.41%Yen92.27-1.13+1.57%Oil$47.96+$0.87+5.80%10-Year2.659%+0.099-2.21%Bond146.8125-1.84375+0.71%Dow23433.16+3.29%+1.61%Nasdaq6738.86+4.26%+2.34%S&P2531.94+3.43%+1.86% The Metals: G...Read More