Several blue chips made noise after earningsIt was a rough week on Wall Street, to say the least. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are pacing for a fifth straight loss and their longest losing streaks since early March, as the Fed and trade developments rattled markets. Following the Fed's first (and widely expected) rate cut since the financial crisis, stock traders had a knee-...Read More

On July 31, 2019, the US Federal Reservedecreased the Federal Funds Rate (FFR) by 25 basis points.  We believe the US Fed was pushed to take thisaction for three reasons that are directly related to the fear and greed thatis abundant in the global markets.Reason #1 Fed Had To Cut RatesFirst, the US Fed is very concerned that the US housing market has stagnated and weakened over the past 16+ m...Read More

CAR is up more than 50% year-to-dateCar rental name Avis Budget Group Inc. (NASDAQ:CAR) is moving lower this afternoon, last seen down 3.3% at $34.13, as stocks suffer in the wake of global trade fears. Meanwhile, options traders are mostly likely gearing up for the company's second-quarter earnings report, slated for release after the market closes on Monday, Aug. 5. Below we will take a look at...Read More

Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 312,21457,82645,699141,164429,131499,077532,656 Change from Prior Reporting Period 333-2,805-10,499-34,621-34,493-44,787-47,797 Traders 21061675360287168 Small Speculators LongShortOpen Interest 64,22130,642563,298 -8,774-5,764-53,561 non reportable posit...Read More

SRSrocco The gold and silver prices have held up remarkably well compared to the broader markets as they continue to sell off today. While the Dow Jones Index is down more than 250 points, gold and silver are just slightly lower. However, gold has traded in the green several times today. If we look at the 5-minute chart, we can plainly see that gold and silver have been trading in an opp...Read More

Arrowhead Pharmaceuticals stock has already added 135% in 2019A big biotech winner lately has been Arrowhead Pharmaceuticals Inc (NASDAQ:ARWR), which recently outperformed the broad market sell-off yesterday. ARWR nabbed an 11-year high of $30.73 on July 22, but a signal is sounding that indicates more multi-year highs could be in store, if history is any indicator. Implied volatilies on the equ...Read More

The gold miners' stocks have surged dramatically this summer, catapulted higher by gold's major bull-market breakout. That atypical strength bucking the normal summer-doldrums slump has carried this sector right back to its traditional strong season. That begins with a robust autumn rally starting in late summers. This year's autumn-rally setup is very unusual, but investment buying could...Read More

- Dave KranzlerThe price of gold has rejected numerous attempts by the banks to hammer the gold price below $1400 using paper gold derivatives on the Comex and the LBMA. I have not seen gold behave with such resiliency in the last 19 years when the Comex banks have an extremely large short position in Comex paper.The action in the price of gold is signalling that large buyers are accumulating...Read More

By: Ira EpsteinGold daily chart, had an outside day. Market is caught in the two Bollinger bands. Market is churning here and eventually will breakout of here..Read More

- Stefan GleasonFollowing months of cajoling by the White House, the Federal Reserve finally cut its benchmark interest rate. However, the reaction in equity and currency markets was not the one President Donald Trump wanted - or many traders anticipated.The Trump administration wants the Fed to help drive the fiat U.S. dollar lower versus foreign currencies, especially those of major exportin...Read More

The SPX and Nasdaq are eyeing their longest losing streaks since March The Dow Jones Industrial Average (DJI) has dropped to a one-month low today, as anxieties over global trade and Fed policy continue to weigh heavily on stocks. After President Donald Trump yesterday announced new tariffs on Chinese goods, the Asian nation responded by threatening countermeasures. In addition, Wall Street is l...Read More

- Gary TanashianContrary to majority opinion, gold and especially the gold mining stocks that leverage its macro status are not about inflation, especially cyclical inflation that runs with a positive economy.Making an appropriate return after a few months on hiatus, ladies and gentlemen... the Macrocosm.Gold stocks are about counter-cyclicality as gold rises vs. US stocks...Gold rises vs. Glo...Read More

Gold Options Doubled Today (August 1) in Hours... If you followed the gold recommendation I made here yesterday you could have doubled your money. Many of my subscribers did. Here's how:Read More

There was massive short covering in yesterday's gold rise. Yen crashed against the US dollar while gold rose. This is safe haven demand is nothing else. Trump said that he will impose additional ten percent tariff on the remaining $300 billion Chinese imports from September 1. There is recession fears and more global trade war fears. Gold is bound to rise more. Chinese retaliatory action will be...Read More

Square stock is still up 31% in 2019, thoughUsually when we check in with Square Inc (NYSE:SQ), it's because of some lofty bull note or bullish activity in its options pits. Today however, Square stock is down 13.7% to trade at $69.92, after the payment processor's quarterly report. While second-quarter earnings and revenue exceeded analyst expectations, Square's third-quarter profit forecast mis...Read More

The brokerage firm downgraded a stock that's had a huge yearMirati Therapeutics Inc (NASDAQ:MRTX) shares have had a huge year, rallying from the low $40 area to a record high of $111.99 on July 31. However, the cancer drug producer has shed 4.9% today to trade at $99.47, following a bear note out of J.P. Morgan Securities. The brokerage firm downgraded its view on MRTX to "underweight" from "neutr...Read More

The weed company bought U.S.-based Redwood for $300 millionCanadian marijuana grower Cronos Group Inc (NYSE:CRON) announced early this morning that it will buy U.S. hemp-based products producer Redwood for $300 million. The company manufactures and sells CBD infused skincare and other products, mostly known for its Lord Jones brand. In response, CRON stock is up 4% to trade at $13.24, set to break...Read More

Loop Capital said investors should "step into any weakness"Shares of small shops platform Etsy Inc (NASDAQ:ETSY) are sinking this morning, down 5.3% at $64.50, at last check. Despite reporting a second-quarter earnings beat of 14 cents per share, the company's revenue missed estimates. Analysts do not seem deterred, however, with no fewer than three price-target hikes and one bullish reiteration...Read More

Oil prices are bouncing back today after a mixed jobs reportDow Jones Industrial Average (DJI) futures are under pressure, extending Thursday's sharp afternoon pivot following the latest trade threat from President Donald Trump. China's foreign ministry has responded today by promising countermeasures in response to new tariffs -- and exacerbating anxiety this morningis the July jobs report, which...Read More

Eldorado Gold had an outstanding quarter in terms of revenue with a record of $173.70 million. The company is back on track with gold production more in control and debt.The gold sold in the second quarter was 113,685 Au Oz at a gold price of $1,321 per oz, which was another pleasant surprise.My target for 2019-2020 is still $10-$11.Image: Efem??ukuru Gold Mine Source: EJAtlas Investment Thesis Th...Read More