Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 250,11465,87659,835137,719339,746447,668465,457 Change from Prior Reporting Period 9,637-18,4862,9375,20234,65317,77619,104 Traders 19272665756280167 Small Speculators LongShortOpen Interest 48,99531,206496,663 -2,608-3,93615,168 non reportable positionsC...Read More
By: Ira EpsteinGold $1,360's zone resistance - but geo-politically, triggers exist:Read More
We take great pride in our research team’s ability to make accurate predictions and calls in the markets. In addition to the many predictions and calls we’ve made over the past few years, our Gold prediction from October 2018 continues to astound many industry professionals. We receive emails from people asking how we were able to make such an incredible call in Gold 6 to 8...Read More
The Silver price reluctantly followed the Gold higher early in the year to a late February peak of $16.20, following which it abruptly gave up all of its hard won gains for the year by making a new low early March at $15, breaking the preceding low of $15.45 and thus entering into a downtrend of a series of lower highs and lows where it remained until the Gold price came alive at the end of May 20...Read More
The DJI staged a valiant eleventh-hour rebound, but it wasn't enoughThe Dow was down 118 points at its session low, and despite a late-stage jump into positive territory, still ended in the red. The index couldn't shake offheadwinds from a recoiling chip sector, subpar Chinese manufacturing data, and a smaller-than-expected increase in May retail sales. The S&P 500and Nasdaq also closed lower, bu...Read More
China's finished steel exports fell in May on both a year-on-year basis as well as when compared with the preceding month. The country shipped 5.74 million tonnes of finished steel abroad last month, down 16.5% from a year earlier, according preliminary Chinese customs data released on Monday June 10.Last month's exports are also...Read More
A quick look at recent IPO news and movesThere has been a lot of initial public offering (IPO) action recently, so with the week coming to an end, we wanted to take a look at some of the names making moves recently. Starting in today's trading, Chewy, Inc. (NYSE:CHWY) is taking off in its first session, up 58.6% at $34.90. The online pet supplies retailer priced its IPO at $22 per share, and trade...Read More
U.S. consumer inflation has moderated recently. Trade wars go on. What the Fed will do now? Let’s not forget the recent ECB monetary policy meeting. It carries implications for both EUR/USD and gold. Just what are they? Inflation Slows Down in MayThe CPI rose just 0.1 percent in May, following an increase of 0.3 percent in April, the government said on Wednesday. It was the smallest hike sin...Read More
Ashford Hospitality is eyeing its worst day in nearly eight yearsMarkets are slightly lower today after Apple supplier Broadcom (AVGO) issued a revenue warning. Several other stocks are making noise today, too, including biopharma company ArQule, Inc. (NASDAQ:ARQL), travel agency Bluegreen Vacations Corporation (NYSE:BXG), and real estate name Ashford Hospitality Trust, Inc. (NYSE:AHT).Here's...Read More
Subpar inflation data was in focus ahead of next week's Fed meetingIt was a volatile week for stocks, though the major market indexes are pacing for a second straight weekly win. Traders were bursting with optimism on Monday, with the Dow clocking its sixth consecutive win -- the longest win streak in over a year -- after President Donald Trump backpedaled on his tariff threats against Mexico. How...Read More
Guggenheim says to buy the stock's dipGlobal Blood Therapeutics Inc (NASDAQ:GBT) stock is down 10.1% to trade at $51.70, after the California-based biopharmaceutical firm presented data for its sickle cell disease (SCD) treatment. While voxelotor met its main goal in a late-stage study, some are questioning its ability to create benefits for patients. Amid today's big move, GBT options traders are...Read More
One chip stock could extend its weekly losing streak to nineThe Fed will hold its two-day policy meeting next week, with the central bank's interest rate decision due at 2 p.m. ET on Wednesday, June 19. While CME Group's FedWatch tool pegs the odds of a June rate cut at less than 25%, traders will undoubtedly dissecta post-meeting presser with Fed Chair Jerome Powell for more hints of a July rate...Read More
Domestic rebar prices in Brazil fell during May as leading steelmakers battle with new participants for market share amid low domestic demand, retreating from announced price increases.Fastmarkets' domestic rebar price assessment was 2,450-2,600 Reais per tonne delivered on June 7, down from 2,600-2,720 Reais per tonne a month prior. The bottom of the price range is at its lowest for this year.Lon...Read More
Twitter pulled back to a trendline with bullish implicationsSocial media powerhouse Twitter Inc (NYSE:TWTR) looks to be flashing a noteworthy bull signal, just one day after dropping on a price-target cut out of Moffett Nathanson. Below, we will take a look at how TWTR has been moving on the charts, and why now looks to be the perfect time to jump on the tech name's next surge higher.Per data fr...Read More
ALGN options are a bargain right now tooThe shares of Align Technology, Inc. (NASDAQ:ALGN) are down 0.7% to trade at $309 today, after the Invisalign parent terminated a development and distribution agreement with Straumann Group. Nevertheless, ALGN is flashing a bullish signal that points to a rally as soon as next week, if history is any indicator. Diving right in, Align Technology stock made...Read More
Broadcom blamed the Huawei export ban for its downwardly revised guidanceStocks are trading modestly lower at midday, as traders digest a revenue warning from Apple supplier Broadcom (AVGO) -- which said full-year revenue will come in $2 billion below its previous estimate on U.S.-China trade headwinds -- and lower-than-expected readings on Chinese industrial output and retail sales for May. At la...Read More
Asset Rich OPEC Nation Ecuador Opens to Mining.Recently Elected President Lenin Morena Establishes Mining Ministry and Repeals 70% Windfall Tax.Seeks to Establish Goal to Attract $3.7 Billion in Mining Investments and Add $826 Million to Tax Coffers in Next Two Years.Ecuador is the World's Last Unexploited Location to Find Tier 1 Discovery.Could Make the California Gold Rush (1848) Look Like C...Read More
Primary aluminium foundry alloy premiums in Europe were steady on Friday June 14 in an illiquid market.Fastmarkets assessed the premium for silicon 7 aluminium wheel alloys over London Metal Exchange cash prices delivered to the Ruhr region with 30-day payment terms at $340-360 per tonne on Friday. It has been at that level since April.Bearish sentiment stemming from the European automotive sector...Read More
Take advantage of the first amendment, and participate in a nation-wide poll.With the 2020 election growing ever closer, the country continues to be divided politically.From disputes about the appropriateness of displaying the Confederate flag, to rights for minorities, and the ever-growing concern about security at the U.S. border, the 2020 election promises to be contentious... if not the most c...Read More
Maxim also weighed in on HEB sharesAchieve Life Sciences Inc (NASDAQ:ACHV) has had a volatile year on the charts, making several sharp moves in both directions in 2019. Today, the shares are slightly lower, trading at $2.64, despite brokerage firm Maxim beginning coverage with a "buy" rating and $6 price target. Before today, Ladenburg Thalmann was the only firm covering ACHV shares, just raising...Read More