CloseGain/LossGold $1222.50-$0.30Silver$14.25+$0.01XAU64.73-0.83%HUI146.62-0.81%GDM536.53-0.64%JSE Gold1127.24-13.59USD97.05+0.14Euro113.34+0.05Yen88.76UNCHOil$51.63+$1.2110-Year3.067%+0.028T-Bond139.8125-0.1875Dow24640.24+1.46%Nasdaq7081.85+2.06%S&P2673.45+1.55% The Metals: Gold gained $5.20 to $1228.00 in Asia before it chopped back lower in London and New York, but it...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort165,506156,610115,384201,259224,399482,149496,393Change from Prior Reporting Period -2,910-21,053-7,434-9521,222-10,439-7,265Traders17494946056280207 Small Speculators (C) GoldSeek.com LongShortOpen Interest 43,79129,547525,940 -3,141-6,315-13,580 non reportable positionsChang...Read More
One REIT has ended the month higher 100% of the time over 10 yearsIt's been a rough couple of months for the stock market, with the S&P 500 Index (SPX) pacing for a second straight monthly loss -- something we haven't seen since the first quarter. However, several stocks could muscle higher in December, if past is prologue. Most notably, California-based real estate investment trust (REIT) Maceric...Read More
AXP, JPM, and GS are at the top of the Dow todayThe Dow Jones Industrial Average (DJI) is up triple digits at midday as financial stocks American Express (AXP), JPMorgan Chase (JPM), and Goldman Sachs (GS) surge. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are higher, as well, with online retail behemoth Amazon (AMZN) getting a boost on strong Black Friday and Cyber Monday sales forecasts....Read More
Evidence of a looming financial crisis may be growing, according to Harry Dent.The man who warned of the 2001 tech crash, the 2008 subprime financial disaster and China's recent stock market decline - years before they happened - has issued a new earth-shattering statement:"The Dow is set to embark on a catastrophic plunge...all the way down to 6,000."Harry Dent recently explained: "Nations are...Read More
GM is shuttering three North American plants and cutting its salaried workforceGeneral Motors (NYSE: GM) stock is up this morning, as traders digest the company's production update. The Detroit automaker plans to halt production at three North American assembly plants -- in Ohio, Michigan, and Oshawa, Ontario -- and said it will end operations at two more plants outside of North America by the en...Read More
The shares have shed nearly 40% since late SeptemberThe shares of DXC Technology Co (NYSE:DXC) are up 2.9% at $59.65, after Cowen and Company upgraded the IT services stock to "outperform" from "market perform," saying the stock's attractive price combined with strong management creates "significant upside potential" and that it's the "best idea for 2019." But amid DXC's sharp sell-off from its la...Read More
Is a "Blue Wave" building?Something strange is happening in America.Millions of Americans are furious - and this time, they're taking their anger out on Republicans.All across America, 45 Republicans have lost elections during Trump's presidency in places they shouldn't have possibly been able to lose... even in districts where Trump won in a landslide and remains popular.In the last few months al...Read More
The regulatory body said Zafgen's diabetes treatment presents heart safety risksShares of Zafgen Inc (NASDAQ:ZFGN) are getting destroyed this morning, after the Food and Drug Administration (FDA) put a clinical hold on a trial of the company's experimental diabetes treatment, citing heart safety risks. The company plans to request a meeting with the FDA to go over next steps for ZGN-1061.Zafgen st...Read More
The brokerage firm said the stock is attractive at current levelsDeutsche Bank upgraded American Eagle Outfitters (NYSE:AEO) to "buy" from "hold," saying the retail stock is attractive at current levels. AEO stock closed last week at $19.54, but is up 5.5% this morning at $20.62.This upbeat outlook just echoes the broader sentiment seen among the brokerage bunch, with nearly all of the 12 analysts...Read More
All three stocks went public last monthToday we're going to be looking at three bullish analyst notes out of the healthcare sector. More specifically, Twist Bioscience Corp (NASDAQ:TWST), Axonics Modulation Technologies Inc (NASDAQ:AXNX), and Orchard Therapeutics (NASDAQ:ORTX) all received upbeat attention from the brokerage community, so we'll check in on shares of TWST, AXNX, and ORTX below. Let...Read More
Retail stocks will be in focus as Black Friday data rolls inStock futures are signaling a positive open today, as U.S. markets try to bounce back from last week's heavy selling. The Dow Jones Industrial Average (DJIA) is set to open up more than 200 points, and the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are eyeing strong starts, too, thanks to pre-market gains from tech stocks.The retail a...Read More
What to make of a critical S&P trendline break"I like to keep unpopular but significant moving averages on my radar... One moving average that I have used is the 80-week moving average... It is off the radar of many, if not most, market participants. However, it has had an uncanny knack for signaling poor future price action on breakdowns, while also marking support during various market drawdowns...Read More
Brazilian steelmakers are concerned that the domestic industry will struggle if President-elect Jair Bolsonaro reduces or does away with import tariffs when he takes office in January 2019, sources told Fastmarkets MB last week.Other market participants, however, do not believe any changes will be done abruptly or without corporate tax reforms. The new federal administration's future minister of e...Read More
How you can transform lagging indicators into leading indicators.For hundreds of years, since the first stock exchange opened its doors, every trader has been looking for an edge... Some way to predict what will happen next... And hopefully collect a fat "paycheck" at the end of the road.From Bollinger bands to momentum oscillators, technical indicators have been at the forefront of this constant...Read More
Global crude steel production volumes continued to rise year on year in October 2018, according to statistics published by the World Steel Association (Worldsteel) on Friday November 23.World crude steel output totaled 156.6 million tonnes in October this year, compared with 148 million tonnes in the corresponding month of 2017. Asia continued to be the single largest steel-producing region, with...Read More
CloseGain/LossGold $1222.50-$0.30Silver$14.25+$0.01XAU64.73-0.83%HUI146.62-0.81%GDM536.53-0.64%JSE Gold1127.24-13.59USD97.05+0.14Euro113.34+0.05Yen88.76UNCHOil$51.63+$1.2110-Year3.067%+0.028T-Bond139.8125-0.1875Dow24640.24+1.46%Nasdaq7081.85+2.06%S&P2673.45+1.55% The Metals: Gold gained $5.20 to $1228.00 in Asia before it chopped back lower in London and New York, but it...Read More
By Ira EpsteinGold stalls out...again.https://www.iraepstein.com/ Read More
COLORADO SPRINGS, Colo., Nov. 26, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Gold Resource Corporation (NYSE American: GORO) (the "Company") declares its monthly instituted dividend of 1/6 of a cent per common share for November 2018 payable on December 24, 2018 to shareholders of record as of December 11, 2018. Gold Resource Corporation is a gold and silver producer, developer and explorer...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort165,506156,610115,384201,259224,399482,149496,393Change from Prior Reporting Period -2,910-21,053-7,434-9521,222-10,439-7,265Traders17494946056280207 Small Speculators (C) GoldSeek.com LongShortOpen Interest 43,79129,547525,940 -3,141-6,315-13,580 non reportable positionsChang...Read More