- Dave KranzlerShort of a raid orchestrated by the central planners to fasten tighter the cap on gold (which remains a real possibility given the historical record), the yellow metal shouldn't encounter much price resistance until above $1,500/oz. - Adam Taggart, Peak ProsperityI agree with the statement above from Adam Taggart but an aggressive price attack by the banks who operate the Com...Read More
By: Ira EpsteinGold technical price update - GDX showing weakness, a key reversal:Read More
Bitcoin's impressive rise from the dead has hit 11,467 today, exactly two-tenths of a percentage point from the 11492 target I sent out to Rick's Picks subscribers a few weeks ago. There is further potential to 19,850 if certain conditions are met. Let me show you what to look for.Read More
Chris Vermeulen, Founder of The Technical Traders joins me to a close look into gold – what’s driving the move, what the technicals are saying about this fast move higher, and if a correction is due. We also look at the gold stocks, silver, and USD all within the context of gold. Be Sure to check out my post on gold stopping later this year – HEREBECOME ATECHNICAL TRADER TODAY AN...Read More
In less than two weeks, our prediction that Natural Gas would move lower into our “basing zone”, between $2.00 and $2.20, has come true. Natural Gas has fallen into our expected basing/bottoming zone and traders should be looking to target low price entries as the extended setup of this base takes place.You can read our original research post regarding our Natural Gas analysis fr...Read More
The S&P 500 logged its fourth straight lossThe Dow spent most of the session higher, thanks to upbeatcomments from Treasury Secretary Steven Mnuchin, who said "there's a path" to a trade deal with China. The blue-chip index traded up over 100 points at its session highs, but ultimately reversed lower amid big-cap pharma headwinds. However, while the S&P 500 suffered its fourth straight loss, a str...Read More
Both names tend to outperform in JulyIt's been a strong month for oil prices amid rising geopolitical tensions between U.S. and Iran, with crude futures pacing for a June gain of more than 11%, when comparing front-month contracts. This has created tailwinds in the energy sector, with HollyFrontier Corp (NYSE:HFC) and Marathon Petroleum Corp (NYSE:MPC) two names in particular boasting impressive m...Read More
SNX and UNF shares are rallying in today's trading Two stocks worth touching on today because of their huge post-earnings moves areSynnex Corporation (NYSE:SNX) andUniFirst Corp (NYSE:UNF). Let's look at how SNX and UNF shares are trading, and some of the sentiment data around them, as well.SNX shares were last seen trading up 10.1% at $101.33, on pace for their highest close in more than a month....Read More
Last week was definitely hot. Both major central banks adopted a more dovish stance. Gold reacted positively, jumping above $1,400. What has changed, and what has not? How close are we to an actual rate cut, not only to the speculation of getting one for sure on the next Fed meeting? How will gold like it?Doves Are Strong Within the FedThe dovish shift was surprising. Maybe not the direction, but...Read More
Plus, the chip stock to buy now, according to Craig-HallumThe Dow is higher on the latest trade comments. Several individual stocks are on analysts' radar today, too, including caregiver concern Care.com Inc (NYSE:CRCM), data storage name Western Digital Coporation (NASDAQ:WDC), and Altria Group Inc (NYSE:MO). Here's a look at what's moving the shares of CRCM, WDC and MO.Care.com Stock Eyes Wors...Read More
H.C. Wainwright initiated coverage on Matinas and Acasti with a "buy" ratingH.C. Wainwright just initiated coverage on biotechs Matinas BioPharma Holdings Inc (NYSEAMERICAN:MTNB) and Acasti Pharma Inc (NASDAQ:ACST) starting both with "buy" ratings and a $4 and $6 price targets, respectively -- a roughly 400% premium to each stock's close last night. The firm said it based its coverage on a 100-ph...Read More
Merck and Johnson & Johnson are the two worst Dow stocks at middayThe Dow Jones Industrial Average (DJI) jumped triple digits out of the gate on upbeat trade comments from U.S. Treasury Secretary Steven Mnuchin, but has since pared these gains on headwinds from pharma stocks Merck (MRK) and Johnson & Johnson (JNJ). The Dow is still above water, while the S&P 500 Index (SPX) and Nasdaq Composite (I...Read More
A while ago, I wrote about a comingconfirmation of the multi-year gold bull market. It has taken longer thanexpected, but that signal has now arrived, and the bull is very much confirmed.Here is a gold chart indicating that veryimportant signal I have marked two fractals (patterns) 1to 5, to show how they might be similar. I have also marked the point whereinterest rates peaked (in 1981), and wher...Read More
One pharma stock has ended July higher 100% of the time in the past 10 yearsJune has been a banner month for the U.S. stock market, with the S&P 500 Index (SPX) on pace for its best month since January, and assailing fresh all-time highs. What's more, several stocks could extend their summer gains into July and the third quarter, if recent history is any guide. Among the equities that tend to heat...Read More
The weekly price for rebar produced and delivered in Northern Europe remained unchanged on Wednesday, June 26,, as mills maintained price levels ahead of the renewal of EU import quotas on July 1, sources told Fastmarkets.Market activity was "a little quiet this week, and we haven't sold much material in Northern Europe," one European producer source said.Fastmarkets' weekly price assessment...Read More
There's been upside call buying on EBAYJust this morning eBay Inc (NASDAQ:EBAY) announced it would hold a "crash sale" on July 15 in the annual attempt to compete with Amazon.com's (AMZN) Prime Day, which this year will actually be two days, spanning July 15 and 16. This comes as EBAY stock has rallied to fresh high, hitting a 52-week peak of $40.55 last week, while it sports a year-to-date lead o...Read More
MU is pacing for its best day in yearsThe shares of chipmaker Micron Technology, Inc. (NASDAQ:MU) are soaring in early trading, up 11.7% at $36.50, after the firm announced fiscal third-quarter earnings and revenue that exceeded expectations. Micron also forecast a recovery in chip demand later this year, and said it had begun "lawfully" shipping a subset of products to China's Huawei once again,...Read More
Wayfair stock may be ripe for a short squeezeAs criticism mounts over the state of U.S. migrant camps, furniture firm Wayfair Inc (NASDAQ:W) has found itself in the middle of it. Today, hundreds of employees are planning a walkout after the retailer allegedly sold $200,000 in bedroom furniture to a Texas detention facility for migrant children.A Twitter account called "Wayfairwalkout" was create...Read More
The shares suffered their worst day in years on WednesdayAcer Therapeutics Inc (NASDAQ:ACER) plunged 78.6% yesterday -- its worst session since September 2008 -- after the Food and Drug Administration (FDA) failed to approve the firm's rare genetic disorder treatment, requesting new clinical data. ACER shares are lower again today, last seen down 4.6% at $3.93, as bearish analysts blast the crumbl...Read More
A casual glance at the latest short term chart for GLD would tend to support the notion that, yes, gold has decidedly broken out of its trading range and is headed higher.Below is a two-year chart of GLD (bigcharts.marketwatch.com) … Now that we are all on the same page, let’s step back a moment and ask a couple of questions. What happens next? And, if this is “the big on...Read More