Technical analyst Clive Maund discusses the effects of geopolitics on the price of gold. Gold barsIn this update I am not going to repeat the points made in the last fairly comprehensive update, instead we are going to focus on the importance of the resistance level just above where the price is now, and impact of the killing of the Iranian general and its potential implications for the gold pric...Read More

Bob Moriarty of 321gold discusses the highly anticipated drill program at the Pueblo Grande property. We are in the best time of the year to be invested in resource stocks. That is from late December into perhaps March. Add to that a quite insane U.S. President eager to accelerate the start of World War III for Israel and you have what at least will be an interesting environment until the U.S. ei...Read More

Technical analyst Clive Maund discusses recent movements in the price of silver. Unlike gold, which has forged ahead, there has been very little change in silver since the last update. This is not surprising because gold is stronger than silver during the earliest stages of a new bull market, while silver performs the strongest during the late stages of a bull market as investors "throw caution t...Read More

Gold continued to explode higher for a ninth straight winThe Dow finished higher to kick off the week, as Wall Street monitored rising tensions between the U.S. and Iran. The blue-chip index chipped away at a 216-point deficit to break into positive territory, while the S&P 500 and Nasdaq both finished higher amid outsized gains from the tech sector. Elsewhere, Wall Street's "fear gauge," the Cboe...Read More

The homebuilder is coming off a solid 2019Traders will have some earnings releases to consider this week, including results from homebuilder Lennar Corporation (NYSE:LEN). The company is scheduled to report earnings before the open this Wednesday, Jan. 8, and bulls will be hoping for a repeat of last quarter's performance, when the stock gained 3.8% the day after earnings. What's more, the equity...Read More

J.P. Morgan Securities just upgraded Nordstrom to a "neutral" ratingRetail name Nordstrom, Inc. (NYSE:JWN) is getting a boost today, after J.P. Morgan Securities hiked its rating to "neutral" from "underweight," and lifted its price target to $41 from $26 -- falling right in line with JWN's current levels. The analyst cited positive structural changes within the company, adding that any growing pa...Read More

GE is fresh off an annual high this afternoonThe 20 stocks listed in the table below have attracted the highest weekly options volume during the past 10 trading days, with data courtesy of Schaeffer's Senior Quantitative Analyst Rocky White. The stocks highlighted in yellow are new to the list, including General Electric Company (NYSE:GE), which will take a closer look at below, alongside Advance...Read More

There's reason to believe MU can reclaim its annual highs from late 2019Although the shares of Micron Technology, Inc. (NASDAQ:MU) have stumbled out of the gate in the new year, they're still only two weeks removed from a Dec. 23 annual high of $56.11. Investors shouldn't fret much over the MU's slow start to 2020 either, with the chip stock flashing a historically reliable bullish signal. More...Read More

Investors are focused on rising turmoil between the U.S. and Iran The Dow Jones Industrial Average (DJI) is still lower at midday as geopolitical tensions, sparked by the killing of Iranian military commander Qassem Soleimani, remain high. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC), however, are treading near breakeven after paring most of their intraday losses. Elsewhere, February-dated...Read More

CRM options traders could be cheering the price actionSalesforce.com, Inc. (NYSE:CRM) is spiking to new all-time highs today thanks to bullish analyst attention. RBC came in and raised its opinion to "top pick" from "outperform," while boosting its price target to $215 from $200. The brokerage firm wrote that there are a number of ways CRM shares could see "significant" upside in 2020. The stock w...Read More

Long term, AZO has been climbing the chartsShares of car parts retailer AutoZone, Inc. (NYSE:AZO) are down 2.7% at $1,155.79 this morning, after being on the receiving end of a downgrade at Wedbush. The brokerage firm lowered its rating to "neutral" from "outperform" and cut its price target to $1,225 from $1,375, citing AutoZone stock's reach to near peak valuation from its 2019's rise of more...Read More

Another year of covering commodities and select junior mining stocks is all but done and dusted.  We’ve seen palladium prices more than double those of platinum, its sister metal, on tight supply and high demand for catalytic converters in gas-powered vehicles, as smog-belching diesel cars and trucks get phased out to meet tighter air emissions standards particularly in Europe...Read More

Craig-Hallum also initiated coverage with a "buy" rating and $20 price targetA big winner this Monday morning is SmileDirectClub Inc (NASDAQ:SDC), up 12.3% to trade at $9.41. That's because the teledentistry name just launched a new line of oral care products, exclusively available at Walmart (WMT) stores. In addition, Craig-Hallum initiated coverage on SDC with a "buy" rating and $20 price targe...Read More

Plug Power won a $172 million contract from an unnamed Fortune 100 company The shares of Plug Power Inc (NASDAQ:PLUG) are soaring today, after the company won a contract from an unnamed Fortune 100 client for hydrogen fuel cell deployments at the "close of 2019." The contract is valued at more than $172 million. The stock is up 10.2% at $3.56 in response. Looking back, Plug Power stock hit a five...Read More

Turkish exports of flat steel products fell by 46.11% year on year to 406,321 tonnes in November 2019, according to the Turkish Statistical Institute (TUIK).This compares with a volume of 753,915 tonnes in November 2018, TUIK said.The decrease was also due to the fact that Turkish flat steel exports had increased by 139% year on year in November 2018.Coated flat-steel exports fell considerabl...Read More

Stocks are set to continue Friday's weaknessDow Jones Industrial Average (DJI) futures are pointing to more losses for stocks, as tensions remain high between the U.S. and Iran. This would extend the selling from Friday that was sparked by the airstrikes in Baghdad that killed Irarian military commander Qassem Soleimani, with President Donald Trump yesterday threatening sanctions on Iraq should th...Read More

We often cover the ongoing JPMorgan silver bullion saga here. It seems we have a new twist in the ongoing story since JPMorgan's takeover of the bankrupt Bear Sterns short silver position in early 2008.Late last year, in early November 2019, CBS’ 60 Minutes show did a puff Public Relations piece for the CEO of the world’s largest and Global Systematic Important Bank.Here we see 60 Minu...Read More

Gold faces big resistance between $1590-$1610 zone. Only a break of this zone will result in $1707.50 and $1822 in the near term. Short term hot money will flow into gold if it rises this week. Gold could be a Las Vegas if it rises this week. The quicker the pace of rise, the more will be short term volatility in gold. I will be closely watching the pace of rise and not the actual rise. Silver i...Read More

Declining volatility is a plus for bullsThe first two trading days of 2020 did not lack market-moving macro catalysts. The new year and new decade got off to a roaring start, as U.S. equities rallied in response to China's central bank reducing the reserve ratio for commercial banks by 50 basis points. The S&P 500 Index (SPX - 3,234.85) advanced nearly 1% to kick off 2020 on the news, closing at a...Read More

Gold miners’ stocksblasted higher this past week, breaking out of their correction downtrend.  Rapidly-improving psychology fueled suchstrong upside momentum that sector benchmarks are challenging months-old upleg highs.  Most traders assume this is righteous, that goldstocks’ next upleg is starting to accelerate. But key indicators argue the contrarian side, that this b...Read More