Sector expert Michael Ballanger offers his insights into the precious metals markets as 2020 begins. It was one of those days that all sexagenarians loathe; you have to go to the doctor, and whether it's the GP (general practitioner) or the dentist or the proctologist, nothing reminds you more rapidly of your advancing age than going to the optometrist.Now, many of you would say that your annual...Read More

The "phase one" trade deal between the U.S. and China will be signed on WednesdayThe Dow kicked off the week with modest gains thanks to the latest U.S.-China trade tailwinds. Ahead of the "phase one" trade deal between the two countries that's expected to be signed on Wednesday, the U.S. removed China from its list of currency manipulating countries. The S&P 500 and Nasdaq both finished in the bl...Read More

Delta Air Line's quarterly report is due out before the open tomorrow Travel concern Delta Air Lines, Inc (NYSE:DAL) is once again bumping up against recent pressure at its $60 region, just ahead of its fourth-quarter earnings report, due out before the open tomorrow. In the past, DAL has tended towards positive returns the day after its quarterly report, with only one post-earnings move during th...Read More

CDLX and DDD stocks are two big winners today on Wall StreetThe shares of 3D Systems Corporation (NYSE:DDD) and Cardlytics Inc (NASDAQ:CDLX) are trading sharply higher today, and in response options volume is heating up on both. Below is a brief rundown on how traders are approaching the shares of DDD and CDLX. For DDD, the 3-D printing specialist is trading up 11.3% at $11.12, on pace for its hig...Read More

There are divergences on daily charts to keep an eye on, tooTo say the market has been resilient in the first full week of trading during the new year is an understatement. In the face of mounting geopolitical tensions, the S&P 500 Index (SPX - 3,265.35) has managed to remain in positive territory for the year and continue its melt-up from the holidays, despite escalating events between the U.S. a...Read More

A short squeeze could power additional gainsThe last time we covered Signet Jewelers Ltd. (NYSE:SIG), the jewelry retailer was enjoying a post-earnings breakout. A little more than a month later, the stock is in focus again, this time for its recent encounter with a historically bullish trendline.Specifically, according to Schaeffer's Senior Quantitative Analyst Rock White, Signet stock has recent...Read More

The "phase one" trade deal will reportedly be inked later this weekWith the signing of the "phase one" trade deal apparently just days away, the Dow Jones Industrial Average (DJI) is continuing its climb midday. The blue chip index is joined in positive territory by the S&P 500 Index (SPX) and Nasdaq Composite (IXIC), though upside has been fairly limited overall. Meanwhile, February-dated cru...Read More

The $138 region in general could be problematicIBM Corp (NYSE:IBM) shares are trading lower today, down 0.8% at $135.52, following a downgrade out of Evercore ISI. The brokerage firm dropped its rating to "in line" from "outperform," while reducing its price target to $145 from $160. This stacks up with what most of the Street already thinks of IBM, since the majority of covering analysts already...Read More

EXAS was overbought heading into today, tooThe shares of EXACT Sciences Corporation (NASDAQ:EXAS) are down 11.4% to trade at $92.52 this morning, after the molecular diagnostics specialist gave its preliminary fourth-quarter revenue results. The company expects to report revenue between $294 million and $296 million for the fourth quarter, and with the stock landing on the short-sale restricted l...Read More

By: Gary SavageAnother secular bull market in gold underway. Long basing phase is over, lots of volatility back and forth.. 7 minute long video with long-term gold chart view.https://blog.smartmoneytrackerpremium.com/Read More

Lululemon lifted its fourth-quarter sales and profit forecast Lululemon Athletica Inc (NASDAQ:LULU) stock is up 2.6% before the open, after the firm lifted its fourth-quarter sales and profit forecast on the heels of a strong holiday sales report. LULU lifted its revenue forecast to a range of $1.37 billion to $1.38 billion, and its earnings to $2.22 to $2.25 per share. On the charts, LULU has to...Read More

Clive MaundIt has been a week of surprises since the last updates were posted. First, I had not expected Iran to retaliate following the murder of its top General by a US drone, but it did, despite the risks, as it was politically necessary to assuage the extreme anger of its population who demanded revenge. The next surprise was that Israel and the US did not use this retaliation as an excuse t...Read More

Everyone seems to be focused on Gold recently and seems to be ignoring the real upside potential in Silver.  With all the global economic issues, military tensions, geopolitical issues, and other items continually pushed into the news cycles, it is easy to understand why traders and investors may be ignoring Silver.Silver has really not started to move likethe other precious metals.  Gol...Read More

Bulls are gearing up for the U.S.-China trade deal signing this weekU.S. stock futures are signaling a bullish start to the week. Coming off Friday's dip, the Dow Jones Industrial Average (DJI) is setting up for a triple-digit gain at the open, while the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) look ready to follow suit. The risk-on backdrop comes as investors look toward the signing of the...Read More

Ukrainian steel billet producer Dneprovskiy Dzerzhinsky Metallurgical Plant (DMKD) has restarted its 900,000-tonnes-per-year No12 blast furnace at its steelmaking facility in the port city of Kamianske on the Dneiper river.Trial pig iron production was started at the end of 2019 and normal operations resumed on Saturday January 4, the company said on January 10. Currently, the daily...Read More

It shouldn’t be a surprise to anyone, because it has happened before.Gold’s quick roundtrip from $1540 to $1610 and back again ($1539 earlier today) had its roots in actions and words between the United States and Iran. Prognosticators say there is more to come. Maybe; maybe not. But there is historical precedent for gold’s action. “In late 1990, there was a good deal of s...Read More

Eastern China's Shagang has cut the prices for its long steel products booked over the January 11-20 period, according to a company announcement on Saturday January 11.HRB400 rebar (16-25mm): 3,880 yuan ($561) per tonne, down by 80...Read More

The World Trade Organization has made a final ruling that the Moroccan authorities violated parts of the WTO's Anti-Dumping Agreement in its imposition of tariffs on hot-rolled coil imports from Turkey.The WTO panel findings included the fact that Morocco failed to conclude its investigation within the 18-month maximum time limit and failed to inform all interested parties...Read More

Hot-rolled coil prices in the United States rose on Monday January 13, with buyers accepting a greater amount of the combined five price increases domestic mills have announced since October.Fastmarkets' daily hot-rolled coil index, fob mill US was calculated at $30.75 per hundredweight ($615 per short ton) on Monday, up by 1.2% from $30.38 per cwt on Friday January 10. Sources reported lead times...Read More

The three-month copper price on the London Metal Exchange was higher at the close of trading on Monday January 13, settling at a nine-month high against moderate volumes traded, while aluminium futures stagnated despite tumbling exchange stocks.Copper's underlying price on the LME closed at $6,290 per tonne on Monday afternoon, its highest settlement price since April 2019, while its daily trading...Read More