Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason.Coming up we have an interview with Greg Weldon that you absolutely are not going to want to miss. Hear what Greg has to say now about gold after accurately predicting the recent breakdown point to the dollar on this very podcast a little over a month ago. We’ll also get his thoughts on lagging silver, hear his breakdow...Read More
The "Deep State" powers at work could threaten the very backbone of American democracy.A new book may have Washington -- and Wall Street -- squirming in the hot seat.According to the newly-released publication, the dangers to the wealth and well-beings of good, hard-working Americans are now greater than ever!Written by a Washington insider since 1970, this book details how the author believes Ame...Read More
August Gold pulled a Pearl Harbor on bears and skeptics Tuesday, reversing early morning weakness with a surprisingly sharp rally. I'd expected another two weeks of corrective action myself after bullion's impressive run-up in June. However, the chart shows the futures to be bound most immediately for at least 1446.90. If so, that would be a new recovery high and an encouraging sign that even b...Read More
By: Ira EpsteinGold needs to break $1,427.80 then $1,446. Something is brewing in gold:Read More
Stewart Thomson, Graceland Updates 1. Major fundamental processes and events create the large chart patterns seen on the monthly charts. It's important for gold and stock market investors to stay focused on the big picture, both technically and fundamentally.2. To view the big technical picture for gold, please click here now. Double-click to enlarge. 3. Since 2001, my propriet...Read More
By: Ira EpsteinGold 18-DMA support $15 away:Read More
Stocks remained in the grip of a low-grade euphoria Monday, lightened by what is being referred to in the news as a 'thaw' in trade relations between the U.S. and China. No one expected much to happen on the trade front, and nothing much did other, perhaps, than a weekend during which there was no appreciable escalation in the tariff war. In this euphoric phase, stocks have generally wafted hi...Read More
I have to be honest and tell you that I am literally chuckling while I write some of my articles. My last gold article was one where I was certainly chuckling while writing it. Yet, I cannot tell you how many other “analysts” across the internet took me to task for something about which they thought I was being serious. I guess a sense of humor is not something that every reader posses...Read More
Call trading is hot on RVLV, DOVA, and CARS todayU.S. stocks are struggling to gain momentum today due to trade tensions. Meanwhile, three names making big moves are online retailer Revolve Group (NYSE:RVLV), drugmaker Dova Pharmaceuticals Inc (NASDAQ:DOVA), and auto retailer Cars.com Inc (NYSE:CARS). Here's a breakdown of what's moving the shares of RVLV, DOVA, and CARS. Analysts Scramble to Is...Read More
MongoDB just pulled back to a bullish trendline on the chartsDatabase concern MongoDB Inc (NASDAQ:MDB) has been trending higher all year, but caught a real shot in the arm from last month's earnings report that propelled it toward a record intraday peak of $184.78 on June 10. While it's pulled back from those lofty heights,a historically bullish signal just sounded on the charts that suggests MDB...Read More
The S&P is a retreating from yesterday's record highThe Dow Jones Industrial Average (DJI) is churning below breakeven at midday amid lingering global trade tensions. Just as U.S.-China trade talks appeared to be progressing, the Trump administration unveiled a list European Union (EU) goods that could be targeted for additional import duties. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC)...Read More
JCI has been outperforming on the charts for monthsJohnson Controls International PLC (NYSE:JCI) has rallied to fresh highs, bringing its year-to-date gain to almost 40%. The shares recently pushed back former resistance at the $40 level, home to the year-over-year breakeven point, suggesting this breakout could have legs. As such, bulls could still have time to get behind the outperformer. Trader...Read More
BTIG said ISRG could be a leader in its market for another 10 yearsHealthcare stock Intuitive Surgical Inc (NASDAQ:ISRG) is slightly lower this morning on a comment from BTIG. The analyst predicted the firm's monopoly over the robotic surgery market may end in the coming years amid stiff competition from the likes of UK-based robotics firm CMR Surgical, which could receive Food and Drug Administra...Read More
It has been over half a year since the seaborne iron ore market got itself a new tool to manage price risks associated with exposure to the high-grade segment.And going by the performance of the Singapore Exchange's (SGX) 65% Fe iron ore futures contract so far this year, it is serving its purpose.On average, more than a million tonnes worth of the contract have been traded every month since its D...Read More
Why one analyst is betting on HCA stockHealthcare stocks experienced volatile trading earlier this year as political leaders ramped up their push for Medicare for All in the U.S. While this issue could again be thrust into the headlines as the 2020 presidential election heats up, one brokerage firm believes it's identified HCA Healthcare Inc (NYSE:HCA) as a name that can withstand the sector uncer...Read More
Treatment charges (TCs) for lead concentrates rose in June after a price arbitrage that encouraged imports closed off, and major supplying mine Pe??asquito returned to the market after a month-long layoff.Fastmarkets assessed TCs for low-silver lead concentrates at $20-30 per tonne on Friday June 28, up from a 19-month low of $5-15 per tonne on May 31.A closed import arbitrage into China was exace...Read More
ROKU options are attractively priced at current levelsThe shares of Roku Inc (NASDAQ:ROKU) are down 3.7% to trade at $89.04 this morning, after some bearish analyst attention from RBC. The brokerage firm downgraded the streaming stock to "sector perform" from "outperform," while maintaining its price target of $90. The analyst in coverage is still bullish on ROKU long term, and said it "would be...Read More
The drugmaker raised its 2019 revenue forecastAmarin Corporation plc (NASDAQ:AMRN) stock is trading up 6.8% at $20.55 this morning, after the cardiovascular disease specialist said it expects 2019 revenue to arrive between $380 million and $420 million -- up from the previous $350 million estimate -- on improved expectations for Vascepa, with a Food and Drug Administration (FDA) expected to vote o...Read More
The U.S. government is proposing $4 billion in tariffs on European goods The U.S. Trade Representative's (USTR) office last night released details of a proposal to tack on $4 billion in tariffs on a number of European Union (EU) goods, which has Dow futures cooling off this morning after yesterday's G-20 trade relief surge. The S&P is pulling back from record highs too, with futures inching lower...Read More
Large speculators just hit their highest total positions on the euro since late 2016The following is a reprint of the market commentary from the July 2019 edition of The Option Advisor, published on June 28. For more information, or to subscribe to The Option Advisor -- featuring 10 new option trades each month -- visit our online store.It seems too early yet to gauge the full and complete impact...Read More