Calls have become a hot commodity on this gold ETFVanEck Vectors Gold Miners ETF (GDX) options are on fire today, with the exchange-traded fund's (ETF) calls flying off the shelves. The ETF was last seen up 3.7% at $24.90, and fresh off an annual high of $25.17, rallying alongside gold prices after the Fed's dovish comments yesterday, which has traders pricing in a July rate cut. GDX is now up 18%...Read More
Options bears are circling CHWY stock todayIt's been a red-hot year for initial public offerings (IPOs). While big names Beyond Meat (BYND) and Uber Technologies (UBER) have stolen most of the limelight, online pet supplies retailer Chewy Inc (NYSE:CHWY) made its trading debut last Friday, June 14, opening at $36 -- well above its IPO price of $22.CHWY stock topped out at a record high of $41.34 o...Read More
Edesa just got FDA approval to proceed with its dermatitis study The S&P hit a new intraday high earlier today as investors digested dovish comments from the Fed. Three individual stocks making notable moves today are drugmakers Edesa Biotech Inc (NASDAQ:EDSA) and DiaMedica Therapeautics Inc (NASDAQ:DMAC), as well as mobile payments processor Net Element Inc (NASDAQ:NETE). Here's a look at what'...Read More
This is my fourth video in this series that concludes in a detailed trend forecast for the Gold Price into September 2019. Current StateTrend Analysis, MACD, Trend ChannelsSupport / ResistanceSeasonal AnalysisUS Dollar / GoldGold Price Trend Forecast ConclusionGold StocksThe rest of this analysis has first been made available to Patrons who support my work: Gold Price Trend Forecast Summer 2019So...Read More
Eastern China's Shagang has lowered the list prices for its rebar and wire rod booked and shipped in mid-June. The mill is selling its HRB400 16-25mm rebar at 4,070 yuan ($588) per tonne over the June 11-20 period, down 180 yuan per tonne from its last...Read More
-Gary TanashianIt's not a chart of nominal HUI with upside technical targets. We'll do that in NFTRH this weekend, along with the usual individual miners. Rather, it's a companion to other charts we've been reviewing over the last several months showing the under valuation of the gold stock sector relative to gold's performance vs. cyclical assets/markets. For example, gold has risen strongl...Read More
- Steve St. Angelo, SRSrocco Report After five long years, the gold price has finally broken through a key resistance level and is now heading towards $1,400. When the Fed announced possible rate cuts starting in July, after the market closed, the gold price shot up and continued higher during Asian trading. If gold closes above $1,400 by the end of the month, it could be setting the stag...Read More
- Gary SavagePost FOMC update:Read More
Both healthcare stocks scored lofty new price targets todayBiotech concerns Precipio Inc (NASDAQ:PRPO) and Aptinyx Inc (NASDAQ:APTX) scored new analyst ratings today, with the brokerage firms expecting big moves for the penny stocks. Both equities have struggled so far in 2019, but their new price targets suggest Wall Street is rolling the dice on a comeback.Alliance Global Partners launched cover...Read More
The medium-term chart shows early signs of Silver changing trend by attempting to end it's multi-year downtrend by making a higher high of $16.20 and higher low of $14,27. A break above $16.20 would lift Silver into a new trading range of $18 and $16.20. Which if it happens will mean we won't revisit the $14.00 area for some time. So with Silver currently trading at $14.74 then time may be running...Read More
The shares are nearing their record high from early JuneThe shares of Coupa Software Inc (NASDAQ:COUP) gapped nearly 10% higher on June 4, after the Business Spend Management software specialist's strong earnings report was met with a round of bullish brokerage notes. The tech stock went on to tag a record high of $129.40 on June 10, and following a brief consolidation atop its 10-day moving avera...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
Plus, GDP data is due next weekAll eyes will be on the two-day G-20 summit meeting that begins on Friday, June 28, in in Osaka, Japan. After months of speculation, trade tensions, and new tariffs, President Donald Trump and Chinese President Xi Jinping will meet to discuss a trade deal. But prior to the big geopolitical summit, there's plenty to keep investors occupied. There will be blue-chip ea...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
And options are attractively priced at the momentCereal maker General Mills, Inc. (NYSE:GIS) will step into the earnings confessional n before the open next Wednesday, June 26. At last check, GIS is up 0.8% to trade at $53.79 today, and earlier nabbed a new annual high of $53.89. Ahead of the event next week, there is a reliable signal flashing that indicates GIS' hot streak is far from over.Spec...Read More
The gold market is looking a lot like itdid early in the millennium, at the start of the bull market. It is setting upfor a gold bull market that is likely to be way more intense than the previousone, due to the structural weaknesses incurred by the monetary system sincethen.Debt levels, for example, have grownsignificantly since the early 2000s. US Goverment debts (Federal debt) as apercentage of...Read More
KMX has garnered bullish attention from analysts this weekCar resale giant CarMax, Inc (NYSE:KMX) is slightly lower this afternoon, last seen down 0.6% at $83.01. Traders are most likely gearing up for the company's first-quarter earnings report, slated for release before the market opens tomorrow,June 21. Below we will take a look at how KMX has been doing on the charts, and what the options mar...Read More
Canopy Growth is set to reveal its fiscal fourth-quarter earnings after today's close Canada-based marijuana concern Canopy Growth Corp (NYSE:CGC) is trading higher today, up 1.3% at $43.31, right ahead of the firm's fiscal fourth-quarter earnings release after the close today. The weed stock is higher after shareholders approved the company's acquisition of Acreage Holdings yesterday evening. Can...Read More
Middle East tensions are driving oil prices higherIt's a record-setting session on Wall Street, with the S&P 500 Index (SPX) running to a new record intraday high this morning, as stocks continue to react to Wednesday's dovish Fed comments. The Dow Jones Industrial Average (DJI) is surging, too, coming within 190 points of its Oct. 3 all-time peak earlier, while the Nasdaq Composite (IXIC) is also...Read More
Piper Jaffray is concerned with HSY's valuation after its strong run in 2019Hershey Co (NYSE:HSY) shares are trading down 0.5% this morning at $137.15, after Piper Jaffray downgraded the stock to "underweight" from "neutral" and set a $125 price target, saying the company's valuation is too high compared to its peers. This comes after HSY hit an all-time high of $139.34 earlier this month, with th...Read More