Overall, this has been one of the best weeks in months for stocksIt's more of the same for U.S. stock markets today, as the Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) have each hit fresh highs -- while the latter index is staring down an eighth straight win. Semiconductor stocks are again leading the way, extending recent trade-inspired upside. Consumer st...Read More

MRK is surging to record-high territory todayPharmaceutical name Merck & Co., Inc. (NYSE:MRK) is up 1.4% to trade at $91.30 this morning, just off a roughly 20-year high of $92.64 and pennies from the record peak from 2000, on the heels of a drug approval from the Food and Drug Administration (FDA). Specifically, the FDA passed Merck's vaccine Ervebo, a preventative drug for the deadly virus Ebol...Read More

RBC believes GM could be the best auto stock in 2020General Motors Company (NYSE:GM) this morning received a bull note out of RBC that said the automaker could outperform its global peers in 2020 because it doesn't have exposure to Europe, and its new pick-up trucks have now been out for a full year in North America. The brokerage firm added that the company's free cash flow could approach $8 bill...Read More

Nabriva is eyeing its biggest one-day drop since MayThe shares of Nabriva Therapeutics (NASDAQ:NBRV) are sinking even deeper into penny stock territory today -- down 18.6% to trade at $1.40 -- after the company said it has entered into an agreement with undisclosed institutional investors for the purchase and sale of a $20 million registered direct offering. This comes despite the drugmaker resubm...Read More

BIIB options are affordably priced at the momentThe shares of Biogen Inc (NASDAQ:BIIB) are up 0.9% to trade at $300.18 this morning, after the drugmaker announced a $5 billion share repurchase program. This is the second $5 billion stock buyback Biogen has issued in 2019. Also fueling today's price action is a price-target hike from Jefferies $325 from $310, territory not charted since March. De...Read More

AAPL is continuing its impressive climb higherTechnology powerhouse Apple Inc.(NASDAQ:AAPL) is enjoying a modest lift this morning, up 0.3% at $281.02 after receiving a price-target hike to $305 from $290 at Piper Jaffray. The firm's new price sports an 8.9% upside to last night's close of $280.02. From a wider perspective, 19 of 30 covering analysts sport a "buy" or better rating coming into tod...Read More

Quadruple witching will occur later todayWall Street has spent most of the week nabbing record highs, and Dow Jones Industrial Average (DJI) futures are trending that way once more this morning. Investors are shaking off a mixed quarterly report from retail giant Nike (NKE) while considering the final third-quarter gross domestic product (GDP) report, which was unrevised, showing 2.1% growth for...Read More

Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 344,49358,218114,165202,432521,051661,090693,434 Change from Prior Reporting Period 15,324-3112,756-94215,39427,13828,119 Traders 21062725555290167 Small Speculators LongShortOpen Interest 55,89723,553716,987 -154-1,13526,984 non reportable positionsChang...Read More

By: Ira EpsteinGold remains under the 18 week moving average, but had a good day yesterday..Read More

Do not think of 2020. Just focus on end January. January is significant for three reasons for financial markets (a) Trump and his impeachment proceedings (b) Chinese New year is around 25th January. Chinese retail demand numbers and Chinese demand for gold and silver will be the key. (c) Brexit and increase or decrease in global mass unrest in India, Hongkong etc. At this point all these factors...Read More

Westarted yesterday’s analysis with the investigation of the Euro Index and goldprice in this European currency. Today, we’ll take a moment to analyze the goldmarket from the Indian point of view. Gold has a special place in the Indianhistory and culture, India is the second biggest “consumer” of gold (rightafter China). USA’sgold consumption is third biggest in the w...Read More

A week ago, Lagarde chaired the monetary policy meeting of the Governing Council of the ECB for the first time. An insightful press conference followed in the footsteps. What will her presidency imply for the ECB’s policy and the gold market precisely? Key Takeaways From First Lagarde Monetary Policy Meeting as ECB PresidentLast Thursday, the ECB held its December monetary policy meeting. Th...Read More

With many stocks moving higher in breakout fashion already, silver and GLD have been lagging.But, that may come to an end shortly.You see, silver seems to be setting up in a micro i-ii structure off the recent lows, whereas GLD is still below its last week high.However, even though GLD is below its last week high, the action we have seen lately has been quite corrective.So, this makes me lean towa...Read More

Prices for domestically produced structural tubing in the United States strengthened after a persistently higher Fastmarkets daily hot-rolled coil index convinced more buyers that tube mill price increases were legitimate. Fastmarkets' weekly price assessment for steel hollow sections ASTM A500 Grade B domestic, fob mill US climbed to $880-910 per short ton ($44-45.50 per hundredweight) on Thursda...Read More

Brexit has become very likely due to result of the UK vote. But so what (gold- and currency-wise)? The uncertainty dropped significantly, and markets were able to sign a breath of relief (bearish for gold), but on the other hand Brexit itself increases the geopolitical turmoil (bullish for gold). Gold didn’t react decisively in the short run overall, but the European currencies: the euro, an...Read More

In recent weeks we’ve noted the positive developments in the gold stocks despite the sector being in a period of correction.  Last week we shared the idea that the next impulsive move in gold stocks might begin when the correction in the metals ends.  In this article, I’m going to share the one chart which I think will help us time that next move higher.  In recent years...Read More

China and the U.S. have reached a preliminaryagreement, which softens their trade war, while the landslide victory ofConservative Party in the UK parliamentary elections clears the path to Brexit.Given that downside risks for the global economy are now significantly lower,how much do investors still need gold? UKParliamentary Elections and GoldOn Thursday, the British people voted in another snapp...Read More

Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 344,49358,218114,165202,432521,051661,090693,434 Change from Prior Reporting Period 15,324-3112,756-94215,39427,13828,119 Traders 21062725555290167 Small Speculators LongShortOpen Interest 55,89723,553716,987 -154-1,13526,984 non reportable positionsChang...Read More

The gold miners' stocks have suffered a lackluster few months. That's a disheartening contrast to their powerful summer upleg on gold's bull-market breakout. While this healthy gold-stock correction likely isn't over yet, the gold miners remain very undervalued relative to the metal they produce. That means they still have massive upside left in this secular gold bull. Sentiment just n...Read More

Jordan Roy-Byrne CMT, MFTAIn recent weeks we've noted the positive developments in the gold stocks despite the sector being in a period of correction. Last week we shared the idea that the next impulsive move in gold stocks might begin when the correction in the metals ends. In this article, I'm going to share the one chart which I think will help us time that next move higher. In recent year...Read More