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 bullish ball got rolling early after Apple and Boeing earningsThe Dow jumped triple digits out of the gate on positive earnings reactions for Apple (AAPL) and Boeing (BA). Buyers flooded the S&P 500 and Nasdaq, too, after strong earnings from chipmaker Advanced Micro Devices (AMD) andupbeat jobs data. However, bulls really kicked it into high gear after the mid-afternoon Fed announcement showe...Read More
Options traders could be betting on INTC recovering from a recent earnings dropIntel Corporation (NASDAQ:INTC) is in the headlines today thanks to rumors of a potential $6 billion buyout offer for fellow chipmaker Mellanox Technologies (MLNX) -- though, for what it's worth, Susquehanna said it doubts these rumors. With the shares of INTC last seen trading up 1.1% at $47.06, at least one group of o...Read More
The brokerage firm thinks the shares can double from current levelsThe shares of Payment Data Systems, Inc. (NASDAQ:PYDS) are surging, after Barrington Research initiated coverage with an "outperform" rating and $5 price target -- a 123% premium to last night's close. The brokerage firm called PYDS "an undiscovered micro-cap stock with a disruptive technology application in the payment facilitator...Read More
AT&T's fourth quarter revenue missed estimatesStocks are confidently higher today, as investors await the latest Fed statement later today. Mining stock Cleveland-Cliffs Inc (NYSE:CLF) and pharma stock Eyenovia Inc (NASDAQ:EYEN) are soaring, while telecom giant AT&T (NYSE:T) is struggling. Below, we'll take a look at what's moving the shares of CLF, EYEN, and T.Soaring Iron Ore Prices Power CLF Su...Read More
Oil prices are still down sharply from the highs of October 2018, but the industry may still increase spending this year. The cost of developing new projects might rise along with higher spending levels.A survey of top industry executives by DNV GL suggests that capital spending on oil and gas could rise in 2019. Of the 791 senior professionals in the energy industry surveyed by DNV GL, 70 percent...Read More
A positive earnings reaction next week could lift the sharesJanuary has been kind to the stock market so far, with the S&P 500 Index (SPX) on pace for a monthly gain of more than 6% -- set for its best month since March 2016. What's more, February could be even kinder to a handful of SPX stocks, if recent history is any indicator. Below we outline the 25 best stocks to own in February, including A...Read More
By: Craig HemkeAn improving technical picture can be a key driver of the institutional fund flows that will be necessary to drive COMEX gold and the mining shares upward in the weeks ahead.However, let's make one thing perfectly clear before we go any further...I understand that the price of COMEX gold and silver is managed and manipulated by The Bullion Banks.You likely understand this, too.How...Read More
As part of Merk's in-house research we regularly evaluate a consistent set of charts covering the economy, equities, fixed income, commodities and currencies. The aim is to keep our eyes open and to look through the noise of the headlines, avoiding the distractions of sensationalized click-bait. In sharing this content, we offer a cross-check to your own thinking and aim to add value to your own...Read More
By: Ira EpsteinMetals stay well bid into Wednesday's FOMC Monetary Policy Statement and Press Conference Ira Epstein reviews the days trading in the metal markets. For more information and access to Ira's free offers for commodity traders, visit https://www.iraepstein.com. Read More
MODEST INCREASE IN THE GOLD PRICE BUT WIDE SPREADS "Bulls to the left of me, bears to the right, here I am, stuck in the middle with you..." There's no real consensus among analysts about the direction and price of gold in this year's survey. While the average of all forecasts suggest a modest 1.8% gain for gold, this figure is somewhat overshadowed by a $325 trading range. While gold is appare...Read More
Two years ago at a conference during which I both presented andattended, a Keynote speaker, "Rich Dad" Robert Kiyosaki, introducedme to a different way of looking at things. He posed the question, "Howmany sides does a coin have?" The correct answer is "three." The front (obverse),back (reverse) and… the edge!When you think about it, this makes sense. From this...Read More
Last quarter AMZN shed 7.8% the day after earningsAmazon.com, Inc. (NASDAQ:AMZN) will be reporting earnings after the close tomorrow, Jan. 31, and the stock will look to avoid a second straight post-earnings slide. For instance, the shares fell 7.8% the day after earnings last quarter, their largest single-day earnings loss in at least two years. In fact, AMZN hasn't moved lower the day after earn...Read More
Wall Street is still soaring on positive earnings reports from Boeing and AppleThe Dow Jones Industrial Average (DJI) is still skyrocketing on this morning's Apple (AAPL) and Boeing (BA) earnings wins, up more than 300 points. Looking ahead,Facebook (FB) and Microsoft (MSFT) are among the notables reporting after the bell -- both of which are up at midday. Meanwhile, ahead of Friday's January job...Read More
Today is the day we want to warn our followers that we expect the precious metals to continue to base with a fairly narrow price range for about 45 to 65 more days before upside pricing pressures start to take hold of the markets. There has been quite a bit of chatter about Gold breaking above $1300 recently. Many people have been expecting it to move much higher fairly quickly. ...Read More
Retail stocks have rallied off their December lowsThe retail sector rallied hard off its December lows, as evidenced by a 15% rally in the SPDR S&P Retail ETF (XRT) from its Dec. 24 bottom. However, the rally over the past several weeks has a number of retail stocks trading near trendlines that have preceded a leg lower on the charts, including department store name Kohl's Corporation (NYSE:KSS) a...Read More
The Dow stock has pulled back to a trendline with bullish implicationsBlue chip Visa Inc (NYSE:V) takes its turn in the earnings confessional after the close tonight, hoping to follow in the footsteps of fellow Dow names Apple (AAPL) and Boeing (BA). Ahead of the credit card company's quarterly report, Visa is flashing a bullish signal, if past is precedent. More specifically, V is trading with...Read More
The shares are pacing for their worst day everThe shares of AC Immune SA (NASDAQ:ACIU) are down 68.3% at $3.40, after the company and partner Roche said they're halting late-stage trials of Alzheimer's drug crenezumab. The medical research concern said the drug would likely fail to meet its primary goal. ACIU stock is now plumbing new record lows -- dropping to $3.34 earlier -- and on pace for its...Read More
Last Friday Gold managed to break above $1300. The yellow metal has therefore broken above 8 year bearish channel in a weekly closing basis. The break also allows the metal to close back above the ascending trend support from Nov 30, 2015 low as the chart below shows. Gold breaks above long term bearish channelEarlier this month, we highlighted the possibility that 2019 can be a good year for...Read More
The chipmaker's Q4 profit was in-line with estimates, while revenue fell shortAdvanced Micro Devices, Inc. (NASDAQ:AMD) reported fourth-quarter adjusted profit of 8 cents per share -- in line with estimates -- while revenue of $1.42 billion fell just short of the forecast. However, the chipmaker said data center sales surged 8.5% in the three-month period to a record $986 million, and upped its 20...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