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
Fed signals more patience with its monetary tightening, despite strong economy. Why? And what does it mean for the gold market?Minutes from December FOMC Meeting and Gold As everybody knows, in December the FOMCvoted unanimously to raise interest rates for the fourth time in 2018. We have analyzed the implications of that hike for gold in two editions of the Gold News Monitor (here and here). Howe...Read More
Many options traders may be closing positionsWeed stocks have received plenty of attention in 2019 already, with multiple firms saying they're bullish on the sector for the year. Canopy Growth (CGC) is leading the charge, and options traders are also targeting sector peers Tilray Inc (NASDAQ:TLRY), Aphria Inc (NYSE:APHA), and Aurora Cannabis Inc (NYSE:ACB). Below is a brief breakdown of today's ca...Read More
By Ira EpsteinThe Fed is pausing, rallying gold - higher lows, higher highs:Read More
Gold mine production by country Divergent paths among the major global producers tell an important taleSources: MetalsFocus and the World Gold Council with permission. 2017 Mine production (metric tonnes) Reserves1. China429.42,2002. Australia2899,8003. Russia272.35,5004. United States243.63,0005. Canada171.22,2006. Peru166.62,3007. South Africa156.96,0008.Finland130.1–9. Mexico122.11,4001...Read More
Amazon's new software has MDB investors scaredThe shares of MongoDB Inc (NASDAQ:MDB) are getting hammered today, after FAANG titan Amazon.com (AMZN) launched DocumentDB, its cloud-based database software. While MongoDB CEO Dev Ittycheria doesn't seem concerned about the competition, telling CNBC that "developers are savvy enough to distinguish between the real thing and a poor imitation," MDB opti...Read More
From 2019, Chinese central government regulators will begin a new round of environmental protection inspections in the country's metals and mining industry, which will take about four years to complete.The affected regions include all 31 provinces - including districts and cities - in China that were included in an earlier round of environmental inspections that took place over the past three year...Read More
My long standing approach to Silver is one of buying when cheap to invest and forget, for it only tends to come alive towards the end of precious metals bull runs as illustrated the last time I took a look at Silver on the 8th of May 2018 - Silver Forecast 2018 and Beyond, Investing for the $35+ Price Spike!In terms of a Silver market position then as is currently the case the silver market can us...Read More
GS, BAC, JPM and other financial stocks could moveEarnings from the financial sector will pour in next week, including from blue chips American Express (AXP), Goldman Sachs (GS), and JPMorgan Chase (JPM). FAANG stock Netflix (NFLX) and Dow stock UnitedHealth (UNH) could also move after earnings. Traders will also keep a close eye on Tuesday's producer price index (PPI), as well as retail sales and...Read More
The shutdown enters its 20th day as Trump threatens to declare a national emergency The Dow Jones Industrial Average (DJI) was down triple digits earlier, as traders panned an onslaught of disappointing holiday sales reports from retailers. Plus, anxiety over a lack of details on U.S.-China trade talks also weighed on stocks early on, as did concerns over the ongoing government shutdown, as Presid...Read More
CHGG hit a record high earlier todayChegg Inc (NYSE:CHGG) has started the new year off on the right foot, having only closed lower in one of the last 10 trading days. Today, CHGG snagged a new record high of $32.99, last seen up 1% at $32.87. And if history is any guide, Chegg options traders may want to set their sights even higher in the coming months.Specifically, the stock's Schaeffer's Volat...Read More
Call buyers have been more active than usual in recent weeksYelp Inc (NYSE:YELP) stock is spiraling today, after Morgan Stanley downgraded the online review name to "underweight" from "equal weight," and cut its price target to $29 from $31 -- a nearly 20% discount to last night's close. At last check, YELP shares are down 6.6% to trade at $33.35, and bearish options trading is running hot.So far...Read More
WIX shares have gotten off to a strong start in 2019Website services provider Wix.com Ltd (NASDAQ:WIX) saw its price target raised to $130 from $123 at Wedbush, which added the stock to its best ideas list. This bull note comes as WIX shares try to move past their 50-day moving average after overcoming recent resistance from the 200-day moving average just last week. The security is up 0.5% so fa...Read More
Still, analysts remain wary of the home goods retailerThe shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) are up 4.2% at $12.78 in early trading, after the company announced a fiscal third-quarter earnings beat and stronger-than-expected full-year forecast. The company cited its heavily revamped stores and digital platform, as well as the success of its loyalty programs. However, several analysts r...Read More
The pig iron export market for producers in the Commonwealth of Independent States (CIS) has dropped because of crashes in domestic scrap prices in the key outlets of the United States and Italy.Fastmarkets' CIS export price assessment for high-manganese pig iron fell to $320-335 per tonne fob Black Sea on Thursday January 10, compared with $340-345 per tonne a week before."Based on weak scrap pri...Read More
Cowen and J.P. Morgan Securities cut their TWTR price targets, thoughThe shares of Twitter Inc (NYSE:TWTR) are up 3% to trade at $33.20 -- on pace for a fifth straight win -- after the social media stock received a double upgrade at BofA-Merrill Lynch. This echoes the optimism seen in the options pits, where speculators have been shown a growing appetite for bullish bets in recent weeks.Looking cl...Read More
As we mentioned in an update to members Sunday night, over the next 30-60 days we are working to implement and automate some of our best trading setups (Trend/Swing trades, spike alerts, and gap trade) so they post instantly for you in the member's area. Our goal is to provide members with 1-3 trade setups each week like clockwork.Below is a quick update showing two setups that unfolded this m...Read More
The airliner had shed 36% year-over-year coming into today The shares of American Airlines Group Inc (NASDAQ:AAL) are down 6.4% in electronic trading this morning and heading toward the bottom of the Nasdaq, after the airliner slashed its fourth-quarter unit revenue forecast to 1.5% from the previous 1.5%-3.5% estimate. This is the same metric that triggered a similar sell-off from sector peer De...Read More
Traders are waiting for more details on trade talks between the U.S. and ChinaDow Jones Industrial Average (DJI) futures are trading below fair value this morning, putting stocks' recent hot streak in danger. Wall Street is still mostly considering the same storylines that have swirled all week, namely U.S.-China trade relations and the ongoing government shutdown. On the data front, weekly jobles...Read More
Stocks slightly extended their uptrend again yesterday, as investors' sentiment remained bullish following last Friday's rally after better-than-expected monthly jobs data release. So will the uptrend continue? Or is this still just an upward correction before another leg lower?The U.S. stock market indexes gained 0.4-0.9% on Wednesday, extending their short-term uptrend again, as investors' senti...Read More
Base metals prices on the London Metal Exchange had mixed fortunes at the close of trading on Thursday January 10, with zinc's three-month price continuing its downtrend while positive US job data spurred a marginal uptick in the US dollar index.Zinc's three-month price continued to trade in a downtrend over the afternoon, closing 1.2% lower day on day and falling further from its support level of...Read More