What has beenwill be again,what has beendone will be done again;there is nothingnew under the sun.Ecclesiastes1:9Historyrepeats itself. Not always, and not 100%, but often enough and to an extentthat’s significant enough to make these repetitions potentially profitable. Inorder to take advantage of this tendency, we created a tool called TrueSeasonals (and we are now providing it free ofchar...Read More
AMTD stock hit a new low earlier on sector headwindsThe U.S. stock market is selling off today after dismal manufacturing data. Among individual names making notable moves are broker TD Ameritrade Holding Corp. (NASDAQ:AMTD), steelmaker United States Steel Corporation (NYSE:X), and chip stock Xilinx, Inc. (NASDAQ:XLNX). Here's a quick look at what's moving the shares of AMTD, X, and XLNX.TD Amerit...Read More
Call buying has been hot on ZTS, but call writers have focused on the October 125 callZoetis Inc (NYSE:ZTS) has been on a brilliant run higher this year, up 46% in 2019 and touching an all-time high of $130.08 on Sept. 9. Following a brief pullback, options traders have been betting on another run higher, with call buying ramping up at theInternational Securities Exchange (ISE), Cboe Options Excha...Read More
Clive Maundoriginally published Sunday, September 29, 2019Whilst we are in complete agreement with Egon Von Greyerz of GoldSwitzerland, about the exceptionally positive mid and long-term outlook for gold and silver which will soar as the monstrous global debt bubble implodes, there is the small matter of what will happen to them when the debt junkies go "cold turkey" if there is a sudden liqui...Read More
By: Gary SavageGold is still very early into its daily cycle lower:Read More
By: Ira EpsteinSeptember was a crazy month. Gold heading back to $1,450? Under the $1,511 18-day moving average. Gold is oversold. Read More
The Dow has explored a more than 350-point trading range today alreadyThe Dow Jones Industrial Average (DJI) has relinquished an early morning lead,after the Institute for Supply Management's (ISM) manufacturing index fell to 47.8% in September -- its lowest level in over 10 years -- indicating trade tensions are creating a headwind for the U.S. economy. Shortly after the report was released, Pres...Read More
Gold and silver investors have been watching the Department ofJustice investigation of criminal price rigging at JPMorgan Chase andother bullion banks carefully. Several crooked traders have pled guilty to“spoofing” the markets and more have been indicted. The DOJ has even suggested the banks have been engagedin racketeering. Prosecutors may use RICO laws designed f...Read More
Adjustments to EU safeguard measures will "stabilize trade flows by containing import concentrations from certain exporting countries," the European steel association Eurofer said on Tuesday October 1.Although the changes will result in improvements, "the result is still not sufficient for a large part of the sector, especially given that it is facing depressed domestic steel demand," Eurofer said...Read More
Home Depot stock has been a long-term outperformer Shares of home improvement name Home Depot Inc (NYSE:HD) have been climbing the charts this year. Currently, the stock is testing support at its +10% year-over-year mark and $250 billion market cap. With a 14-day Relative Strength Index (RSI) reading of 50, another layer of support is now being added, making it the perfect time to jump onto HD's u...Read More
Following the attacks on key crude oil production facilities in Saudi Arabia, President Donald Trump announced the authorization of the release of oil from the U.S. Strategic Petroleum Reserve (SPR) to keep the market well supplied. This move changes nothing in the way the SPR is governed. The market, not the President, should determine the release of the massive SPR. Government stockpiles are not...Read More
Some major Chinese scrap importers have stopped buying from overseas over fears of not receiving quotas for the fourth quarter of 2019, leading them to postpone deliveries until March next year after Lunar New Year, Fastmarkets has learned. Many buyers in Ningbo province, a major destination for No2 copper scrap imports to China, have already used up their quotas assigned earlier and some of them...Read More
Most analysts have remained bullish on VMWVMware, Inc. (NYSE:VMW) is trading up 2.4% at $155.56, thanks to bullish analyst attention. Wells Fargo this morning upgraded its opinion on the software name to "outperform" and boosted its price target by $40 to $180. This price level served as a ceiling for the shares from June through early August, and represents 20% upside to last night's close of $15...Read More
On September 14th, drones targeted Saudi Arabia's Abqaiq oil refinery and Khurais oil field. The strikes reportedly knocked out more than half of Saudi Arabia's total output. That amounts to a whopping 6-7% of the global daily oil supply. Not surprisingly, before the dust had settled, the press sounded an alarm and spread fear. Then, President Trump jumped in, claiming the attack “won't affe...Read More
Checking in on the equity ETF in the midst of a historically rare moving average streakThe following is a reprint of the market commentary from the October 2019 edition of The Option Advisor, published on September 27. For more information, or to subscribe to The Option Advisor -- featuring 10 new option trades each month -- visit our online store.Regular followers of our analysis will be aware of...Read More
Turkey exported 381,915 tonnes of flat steel products in August 2019, according to the Turkish Statistical Institute (TUIK), up by 7.11% year on year from the 356,568 tonnes exported in August 2018. Despite negative sentiment in the flat steel market in Europe in July, when orders for August shipping were placed, there was still a moderate increase in...Read More
The interplay between gold and silver is a critical component to understanding what is out ahead; to understanding whether long-term Treasury yields will rise and if they rise, whether it will be due to inflationary pressures. It is a critical component to understanding whether cyclical commodities and other aspects of a greater inflation/reflation trade will finally break existing downtrends. See...Read More
Geron's blood cancer drug, imetelstat, was just granted fast track status by the FDAGeron Corporation (NASDAQ:GERN) stock is soaring this morning, following an announcement that the Food and Drug Administration (FDA) granted fast track status to the biotech's experimental therapy, imetelstat, used to treat patients with myelofibrosis (MF) -- a type of blood cancer. The firm plans to meet with the...Read More
A summary of base metals premiums from across the globe for the week to Tuesday October 1.Please click...Read More
Most analysts remain upbeat toward CLF stockB. Riley FBR cut its Cleveland-Cliffs Inc (NYSE:CLF) price target to $13 from $16, with the analyst in coverage citing an "evolving macro and price environment" for the mining company, pointing specifically to a sharp decline in Atlantic pellet premium. Nevertheless, the firm maintained its "buy" rating on CLF, with the analyst saying the stock is attrac...Read More