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
Zynex, meanwhile, is outperforming the broader stock marketThe U.S. stock market is spiraling for a second straight day, as fears over a potential global recession swirl. Three individual stocks making notable moves are diagnostic imaging specialist Lantheus Holdings Inc (NASDAQ:LNTH), media giant World Wrestling Entertainment, Inc. (NYSE:WWE), and medical device manufacturer Zynex Inc. (NASDAQ:ZY...Read More
The automaker said U.S. auto sales fell in the third quarterIt's a bloodbath on Wall Street today, and Ford Motor Company (NYSE:F) is not exempt from the selling. The automaker reported a 5% decline in U.S. auto sales for the third quarter, thanks to lower-than-expected figures for its Taurus and Mustang vehicles. F stock is down 4.1% to trade at $8.52 at last check, on track for its worst day s...Read More
JJCTF is essentially flat on the year, despite meaningful mine supply tightness.Global concentrate tightness is set to constrain more pronouncly refined production trends in Q4.In turn, the global refined copper market is due to show increasing signs of tightness (falling inventories, tighter spreads).We, therefore, approach JJCTF from a long side, expecting its tight fundamental backdrop to outwe...Read More
Sentiment couldn't get much more bearish on the stockHousing stocks have had a good year on the charts, and the group is in focus again today thanks to Lennar's (LEN) earnings beat this morning. Some analysts were predicting more strength out of the housing sector, and for those interested in betting bullishly, one name to consider is LGI Homes Inc (NASDAQ:LGIH), which just flashed in the study pe...Read More
Demand for flat steel products in Turkey was weak in September 2019 because of global price falls, market participants have told Fastmarkets.And local producers have now filled their order books until late November, they said on Wednesday October 2.Turkish steel prices increased on May 17 after the import duty into the United States, which had been applied at a rate of 50% in September 2018, was c...Read More
Analysts are bullish toward the underperforming pharmaceuticals sectorDrug stocks have underperformed recently, with just 19% of the 130 stocks we track under the "Pharmaceuticals & Biotechnology" umbrella trading north of their 80-day moving average. Analysts have barely budged in their bullish outlooks, though, with 65% of those covering these stocks still maintaining a "buy" rating -- putting t...Read More
David H. Smith The people who are prepared are going to reap rewards such as they have never dreamed. We're going to have the biggest transfer of wealth in history - from the fools - to those who are prepared. - Bob MoriartyThe run up of the last few months to $1,565 gold and $19 silver has stalled out into a relatively high-level correction, giving back less than might be expected after such a...Read More
The people who are prepared are going to reap rewards such asthey have never dreamed. We're going to have the biggest transfer of wealth inhistory – from the fools – to those who are prepared. – Bob Moriarty The run upof the last few months to $1,565 gold and $19silver has stalled out into a relatively high-level correction, giving backless than might be expected after such...Read More
Stewart Thomson 1. China's "Golden Week" holiday is underway and gold markets there are closed for the week.2. The demand vacuum created by this holiday often contributes to a gold price swoon, and that's happening now.3. Please click here now. Double-click to enlarge this GDX swing trade chart.4. My www.guswinger.com subscribers are enjoying the price swoon because...Read More
By: Ira EpsteinGold remains over the 18-week moving average. Market holds an upside bias long-term. Daily chart shows head-shoulder TA formation..Read More
The VIX is eyeing its highest close since Aug. 15The Dow Jones Industrial Average (DJI) is down over 450 points at midday -- heading for its worst single-session percentage drop in over a month -- as Wall Street extends its brutal start to the fourth quarter. Subpar economic data continues to fuel fears of a recession, this time with the latest ADP employment report signaling a slowdown in privat...Read More
Pepsi is expected to post its third-quarter earnings before the open tomorrowFood and beverage concern PepsiCo, Inc. (NASDAQ:PEP) is down 1.5% at $135.33 today, just ahead of its third-quarter earnings, slated for release before the open tomorrow. This dip follows the equity's second-highest close on record, ending yesterday at $137.37 -- just beneath its early September peak around $139. In fact,...Read More
Taiwan will defer the imposition of anti-dumping and countervailing duties on five Chinese steel and stainless steel products, the island's customs administration said last week. The decision to delay the tariffs was made after considering the recommendation of Taiwan's International Trade Commission (ITC), the impact on Taiwan's economic interests and the global economic situation, Taiwan's Custo...Read More
A look at two historical underperformers with attractively priced optionsStocks are off to a rough start in October, as lackluster economic data spooks investors. What's more, several stocks could be in for a rough month, or quarter, if recent history is any indicator. Among the worst stocks to own in October and the fourth quarter, respectively, are semiconductor concern Advanced Micro Devices, I...Read More
LYV shares are testing the 160-day moving averageLive Nation Entertainment, Inc. (NYSE:LYV) looks like it could be ready to bounce on the charts. After hitting an all-time high of $73.72 on July 26, the shares have gradually pulled back slightly to test the 160-day moving average, as well as a trendline connecting its lows from June and February -- hinting at potential chart support. Analysts at J...Read More
What has beenwill be again,what has beendone will be done again;there is nothingnew under the sun.Ecclesiastes1:9Historyrepeats itself. Not always, and not 100%, but often enough and to an extentthat’s significant enough to make these repetitions potentially profitable. Inorder to take advantage of this tendency, we created a tool called TrueSeasonals (and we are now providing it free ofchar...Read More
The firm just announced a CBD collaboration with International Flavors & FragrancesThe shares of Neptune Wellness Solutions Inc (NASDAQ:NEPT) are surging after the health and wellness company announced a strategic collaboration with International Flavors & Fragrances (IFF) to co-develop hemp-derived CBD products for the U.S. market. While the stock initially jumped on the news, it was last seen do...Read More
Gold and silver investors have been watching the Department ofJustice investigation of criminal price rigging at JPMorgan Chase andother bullion banks carefully. Several crooked traders have pled guilty to“spoofing” the markets and more have been indicted. The DOJ has even suggested the banks have been engagedin racketeering. Prosecutors may use RICO laws designed f...Read More
The brokerage firm can't justify ATVI's stock price with its fundamentalsBernstein downgraded Activision Blizzard, Inc. (NASDAQ:ATVI) to "underperform" from "market perform," saying, "the market is paying too much on the hope that this is the trough." The brokerage firm went on to say that it "cannot reconcile the current stock price with ATVI's risk-adjusted fundamentals," but raised its price ta...Read More
Adjustments to EU safeguard measures will "stabilize trade flows by containing import concentrations from certain exporting countries," the European steel association Eurofer said on Tuesday October 1.Although the changes will result in improvements, "the result is still not sufficient for a large part of the sector, especially given that it is facing depressed domestic steel demand," Eurofer said...Read More