Options bears have been loading up on puts ahead of Match Group's third-quarter resultsAs earnings season chugs along, dating app service Match Group Inc (NASDAQ:MTCH) is set to release its third-quarter report after the market closes this Tuesday, Nov. 6. Ahead of the event, the stock is down 2.3% today to trade at $50.98, despite receiving a price-target hike to $61 from $56 at Deutsche Bank. M...Read More
Democrats take control of the Congress and moveTrump out of the White House. Sounds unbelievable? So what is probable and whatis not? We invite you to read our today’s article about the upcoming USMid-Term Elections and find out what are the likely consequences for the goldmarket.Elections are approaching the US again. Two yearsafter Donald Trump was elected as POTUS, American voters go to t...Read More
The pharma firm last week reported impressive earningsShares of Teva Pharmaceutical Industries Ltd (NYSE:TEVA) are up 1% at $22.82 in early trading, after Morgan Stanley upgraded the drug name to "overweight" from "equal weight," and hiked its price target to $27 from $20 -- representing nearly 20% upside to Friday's close of $22.59. The bull note comes just days after the company's impressive be...Read More
It has been a rough year for gold stock investors. Since Gold failed to break to the upside and the US Dollar bottomed, gold stocks have been in a strong downtrend. In September they hit two and a half year lows.The oversold condition since then has been corrected but that rebound has been quite weak. Evidence of that can be seen in the GDX advance decline (A/D) line (an important breadth indicato...Read More
Analysts are devoted to the drug stock, thoughThe shares of Clearside Biomedical Inc (NASDAQ:CLSD) are down a whopping 52.7% to trade at $2.63 this morning, after Xipere, the company's eye therapy drug, failed a late-stage study. The drugmaker will discontinue the development of the combination therapy for retinal vein blockage, but will still file a marketing application for Xipere at year's en...Read More
CVX jumped last Friday on an impressive earnings reportThe shares of Chevron Corporation (NYSE:CVX) are trading up 3.3% at $118.01, after the Dow stock received a pair of bullish brokerage notes over the weekend. While Credit Suisse upgraded CVX stock to "outperform" from "neutral" -- citing "compelling" valuation -- Berenberg raised its Chevron price target to $140 from $135, representing expecte...Read More
UAA could take out its June highs todayThe shares of Under Armour Inc (NYSE:UAA) are coming off a huge week that saw them jump 31.8% thanks to a top- and bottom-line beat for the third quarter. UAA stock closed the week at $23.70, its highest settlement since late-June, putting it within striking distance of its June 7 52-week high of $24.69. The security is set to gain again this morning, up 2.5%...Read More
Apple is struggling once more out of the gateFutures on the Dow Jones Industrial Average (DJI) are lower to kick off the week, as investors prepare for the midterm elections tomorrow. Traders are also keeping an eye on U.S.-China trade relations, after Chinese President Xi Jinping promised to reduce tariffs for importersand promoted "free trade" at a conference in Shanghai. S&P 500 Index (SPX) a...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
CloseGain/LossGold $1230.50-$2.60Silver$14.64-$0.11XAU67.14-0.07%HUI149.83+0.26%GDM544.17-0.37%JSE Gold1162.02+28.85USD96.34-0.11Euro114.11+0.16Yen88.41UNCHOil$63.10-$0.0410-Year3.201%-0.014T-Bond137.50+0.34375Dow25461.70+0.76%Nasdaq7328.85-0.38%S&P2738.31+0.56% The Metals: Gold gained $1.30 to $1234.40 in Asia before it dropped back to $1227.00 in London and bounced back...Read More
CoT large speculators are in a rare net long position on VIX futures, which means volatility could decline"'At some point, maybe now, this 200-day breach will signal bearish activity to come. But there have been many 'false negatives' along the way too in which the break of this trendline occurred around major lows.'"...That said, there is often a volatile, choppy phase that equity markets endure...Read More
Learn how to protect savings and maximize returns by investing in precious metals.The U.S. Gold Bureau would like to announce the newest edition of its guide to precious metals, perfect for anyone hoping to safeguard their investments and retirement!And today, they are giving away a free copy of their Investor's Guide to Precious Metals!Their goal is to help regular investors learn the "pro" secr...Read More
CloseGain/LossGold $1230.50-$2.60Silver$14.64-$0.11XAU67.14-0.07%HUI149.83+0.26%GDM544.17-0.37%JSE Gold1162.02+28.85USD96.34-0.11Euro114.11+0.16Yen88.41UNCHOil$63.10-$0.0410-Year3.201%-0.014T-Bond137.50+0.34375Dow25461.70+0.76%Nasdaq7328.85-0.38%S&P2738.31+0.56% The Metals: Gold gained $1.30 to $1234.40 in Asia before it dropped back to $1227.00 in London and bounced back...Read More
By Ira EpsteinGold drifts in front of tomorrow's mid-term election results.https://www.iraepstein.com/ Read More
By Clint SiegnerAmericans will be headed to the polls to cast ballots in the midterm elections. Polling suggests that Democrats will return to power in the House of Representatives. Republicans are favored to hold on to the Senate.However, political polls have proven less than reliable. There are plenty of people expecting a surprise once the votes are counted.But there are many policies that wo...Read More
TECHNICAL SCOOPCharts and commentary by David ChapmanPhone: 416-523-5454 Email: david@davidchapman.comdchapman@enrichedinvesting.comTwitter: @Davcha12November 5, 2018''Stocks are super-attractive when the Fed is loosening and interest rates are falling. In sum: Don`t fight the Fed!'' Martin Zweig, fund manager, Winning on Wall Street ''You know a country is falling apart when even the governmen...Read More
By Ronan Manlyhttps://www.bullionstar.com/There has been a lot of media coverage recently about the re-emergence of central bank gold buying and the overall larger quantity of gold than central banks as a group have been buying recently compared to previous years. For example, according to the World Gold Council's Gold Demand Trends for Q3 2018, net purchases of gold by central banks in the thir...Read More
The Precious Metals sector continues to be viewed with disdain and skepticism by the vast majority of investors, which is exactly what you want and expect to see at the earliest stages of a major bullmarket. However, the charts continue to shape up well, as we will now see. Starting with the long-term 10-year chart for gold, we see that it is approaching completion of a more or less symmetrical...Read More
By Keith WeinerTerry Goodkind wrote an epic fantasy series. The first book in the series is entitled Wizard's First Rule. We recommend the book highly, if you're into that sort of thing. However, for purposes of this essay, the important part is the rule itself:"Wizard's First Rule: people are stupid.""People are stupid; given proper motivation, almost anyone will believe almost anything. Becaus...Read More
USDX's Friday's close was its highest weekly closing prices of 2018. This is an extremely significant confirmation of the bullish outlook for the US currency that followed the verification of the breakout above the inverse head-and-shoulders pattern. The implications are clearly bullish for the US dollar. But are they clearly bearish for gold? The yellow metal ended the week close to its October...Read More