"I believe we should, in fact, the capital gains tax should be at what the highest minimum tax should be, we should raise the tax back to 39.6 percent instead of 20 percent."Continue...Read More

A top-performing hedge fund has more than doubled its long gold position and is dominating the industry with Continue...Read More

Daniel feels that we are looking at another move higher in gold, but general investors haven't started buying. A brief pullback into the fourteen hundreds is possible, but we could easily be looking at $2000 gold by the end of the year. We should be in for a good bull market run as it appears that the smart money and institutions are getting involved.Time Stamp References:0:35 - Gold will move hig...Read More

Today's investors must recognize that we no longer havethe comprehensive brokerage house research support for stocks as in the past;research has declined for over twenty years and that lack of analysis willcontinue. Why? Because the spreads between stocks' bid and offer prices havebecome so narrow that the brokerage houses' and banks' market makers' profitsare minimal if not non-existent. The prof...Read More

The Chinese government has revived a 25% tariff on imports of US automobiles and a 5% tariff on auto parts, set to take effect on December 15, which some market participants worry could imperil future investments as well as steel and base metals demand.Chinese tariffs on US-made cars and auto parts were placed on hold in April, but the Chinese government reinstated them on Friday August 23. Beijin...Read More

No one's quite sure yet what the President's tweets could mean in reality, howeverIt was a wild trading session for U.S. stocks. Traders early on were reacting to the newest tariff retaliation from China, which prompted tweets from President Donald Trump ordering American companies to find "an alternative to China." Huge losses from tech stocks like Apple (AAPL) and Intel (INTC) buried the Dow as...Read More

Escalating U.S.-China trade tensions are creating stiff headwindsStocks are spiraling today, after news of China's retaliatory tariffs sparked a tweetstorm from U.S. President Donald Trump. Among individual names making notable moves are retailers Foot Locker, Inc. (NYSE:FL) and Macy's Inc (NYSE:M). Here's a quick look at what's moving the shares of FL and M.Foot Locker Options Hot After Earnings...Read More

A brief yield-curve inversion also spooked Wall StreetTrade headlines and retail earnings drove price action on Wall Street this week, with most of the early week moves occurring to the upside. However, stocks swung lower after another brief yield-curve inversion and news of China's retaliatory tariffs on the U.S. sparked a tweetstorm from President Donald Trump. As of this writing, the Dow, S&P 5...Read More

Skechers has pulled back from its late-July post-earnings peakSneaker name Skechers USA Inc (NYSE:SKX) is moving notably lower this afternoon, last seen down 5.4%, at $29.46 -- falling in step with Foot Locker (FL) and Nike (NKE). Skechers stock has been on a downtrend for quite some time, but things may be looking up for the security, as data from Schaeffer's Senior Quantitative Analyst Rocky Whi...Read More

The steel billet import price in Egypt fell in the week to Thursday August 22, with market activity limited because buyers want to wait until the court makes a decision on safeguard duties. Egypt's Administrative Court suspended the temporary duties in July, prompting a flurry of court activity, which eventually led to the final session to discuss the matter being scheduled for...Read More

Trump's Twitter account was in overdrive this morningThe Dow Jones Industrial Average (DJI) has sunk even deeper into the red at midday, down nearly 300 points, after a tweetstorm from President Donald Trump. Following this morning's retaliatory tariffs from China, Trump seemingly ordered U.S. companies to find "an alternative to China" -- which is hitting trade-sensitive blue chips Apple (AAPL)...Read More

CHGG options are attractively priced at the moment, tooEducation technology company Chegg Inc (NYSE:CHGG) was having a successful summer, climbing all the way up to an earnings-induced record high of $48.22 on July 30. While the stock has been mired in a pullback since then, it's taken CHGG to a trendline with historically bullish implications for options traders. More specifically, Chegg stock h...Read More

Turkey's military pension fund, OYAK, has reached a provisional agreement to buy steelmaker British Steel, OYAK said on Friday August 16. OYAK is the biggest shareholder of Turkey's largest steel producer, Erdemir Group, and this agreement is a step toward in its goal to become a regional leader in steel sector, OYAK said. British Steel entered into compulsory liquidation in May 2019 and rece...Read More

This analyst predicts a major market moving event happening as soon as August 13.After nearly 27-years studying the stock market as a hedge fund manager, broker, and analyst, onesenior analyst thought he was prepared for everything Mr. Market threw his way.But last December he got word of a huge market event that's now less than 60 days away.He sent an urgent note to over 75,000 people who, over...Read More

Nike has struggled since an unsuccessful test of $90 in mid-JulyAthletic apparel giant Nike Inc (NYSE:NKE) is suffering a sharp pullback this morning, down 1% at $82.49, as Foot Locker (FL) headwinds offset a big bull note from Guggenheim. Specifically, the firm added NKE to its "Best Ideas" list, saying the company is positioned well to maneuver through tariff risks, and that Nike's latest earni...Read More

CRM is on track for its best day of 2019A big earnings winner on Wall Street this morning is Salesforce.com, Inc. (NYSE:CRM), up 5.8% to trade at $156.86. The cloud name reported second-quarter earnings and revenue that topped estimates, while third-quarter and full-year guidance also beat forecasts. A higher demand for cloud software, plus its recent acquisitions, fueled the blowout report.So fa...Read More

The Chinese government has revived a 25% tariff on imports of US automobiles and a 5% tariff on auto parts, set to take effect on December 15, which some market participants worry could imperil future investments as well as steel and base metals demand.Chinese tariffs on US-made cars and auto parts were placed on hold in April, but the Chinese government reinstated them on Friday August 23. Beijin...Read More

Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 352,29452,30145,250133,408469,658530,952567,209 Change from Prior Reporting Period 6,071-3,832-2,208-3,4159,1084483,068 Traders 22860745659308171 Small Speculators LongShortOpen Interest 63,85527,598594,807 397-2,223845 non reportable posi...Read More

By: Ira EpsteinGold in a distribution pattern. How do we come out of it is the question:Read More

INTU shares already hit an all-time highIntuit Inc. (NASDAQ:INTU) is trading higher out of the gate, after the tax software specialist posted a smaller-than-expected quarterly loss along with strong revenue and an upbeat outlook. The results have prompted a few analysts to respond bullishly. At least seven brokerage firms have upped their price targets, and the highest was to $320 from Guggenheim....Read More