Avi GilburtPersonally, I love trading metals and have been doing so for quite some time. In fact, the best trade of my entire career was in silver many years ago. But, the one thing that we commonly see in the complex is that when the market strikes a top, it most often spikes into and then strongly reverses at that top as a culmination signal. Thus far, I have not seen that in the metals....Read More
By: Ira EpsteinLabor day weekend.. lighter volume expected. The gold market shows its 18-week moving average nearing $1,400. The Daily chart shows resistance around $1,560 on DEC-gold price. Support on 18-day moving average, $1,522+Read More
Rule 1: Don't play if you can't payYou might assume that trading options and playing fantasy football have very little in common, but you'd be wrong. To start, both have become more mainstream lately; more than 4.5 billion equity options traded in 2018, marking an all-time high, according to data from the Options Clearing Corporation (OCC). Plus, almost 60 million North Americans played fantasy sp...Read More
The Dow, S&P, and Nasdaq are all eyeing August losses The Dow Jones Industrial Average (DJI) has erased an early triple-digit gain and is now staring down a 50-point loss at midday. Stocks initially rose on data showing solid consumer spending in July and signs of progress on U.S.-China trade relations, though another round of tariffs on Chinese goods is set to hit over the long weekend. Elsewher...Read More
Precious metals expert Michael Ballanger discusses trends in the market and his recent trades. For those of you that have followed my raves and rants over the years, you are undisputedly aware of all of my biases when it comes to almost everything: bankers, politicians, invasive species, free market suppression, entitled Millennials, and finally, the utility of precious metals in a "financial orde...Read More
FedEx has struggled over the past 12 monthsShipping giant FedEx Corporation (NYSE:FDX) is trading 1.3% higher at $159.46 today, a rarity for the stock, as its long-term performance has a grim history. The stock has shed 35% over the past 12 months, touched a three-year bottom of $147.82 on Wednesday, and is now seeing pressure from a historically bearish trendline. Below, we will explore data fro...Read More
One oil stock, in particular, tends to have a rough monthWe recently outlined the 25 best stocks to own in September, historically, with Southwest Airlines (LUV) enjoying some of the best returns over the past decade. Today, however, we're taking a look at the stocks that tend to slide in September, with oil-and-gas concern Marathon Petroleum Corp (NYSE:MPC) logging the steepest average loss of al...Read More
Both low-priced healthcare stocks are higher this morningHealthcare stocks Paratek Pharmaceuticals Inc (NASDAQ:PRTK) and Akari Therapeutics PLC (NASDAQ:AKTX) both made headlines with strong moves out of the gate. Let's take a moment and check out how the shares of PRTK and AKTX are trading. PRTK was last seen trading up 5.6% at $3.58, thanks to positive data around the company's skin infection tr...Read More
The retailer has seen long-term support at the 160-day moving averageShares of dollar store retailer Dollar General Corp. (NYSE:DG) are inching their way higher this morning, as the company relishes in yesterday morning's second-quarter earnings beat. No fewer than nine analysts have handed out fresh bull notes since yesterday's close. Giving the highest praise so far is a price-target hike to $1...Read More
The new Alchemist went out at the end of July. And making the choice from its articles is always hard. What gems can we learn from the latest publication of the LBMA? We invite you to read our today’s article and find out!Gordon’s Brown Bottom, 20 Years OnThe first article we would like to summarize for you is “Gordon’s Brown Bottom, 20 Years On” by Adrian Ash, Direct...Read More
Just a few weeks ago, silver naysayers told us we’d have to waitmonths, or even years, before the market made a big move. Now they are eatingtheir words! The white-hot metal surged past $18.50/oz this morning to reachits highest level in more than two years.Silver is up more than 13% in the month of August alone, a timewhen many precious metals analysts had expected summer doldrums. Even som...Read More
Several articles by others recently have pointed out the apparent inconsistency of the US dollar’s action relative to the price of gold. For example, over the past year the US dollar Index has continued to strengthen, while gold has also risen in price.That would seem to indicate that the US dollar’s value is not a primary factor in determining the price of gold. As we have said, thoug...Read More
The PC giant cited profitable contracts for its China-based server unitDell Technologies Inc (NYSE:DELL) stock is soaring today, after the PC maker reported adjusted second-quarter earnings of $2.15 per share on $23.45 billion in revenue -- more than analysts were expecting. The company cited increased desktop demand, as well as "higher-margin dollars" brought in by profitable contracts for its se...Read More
The makeup retailer posted second-quarter earnings and revenue that missed analysts' estimates Makeup retailer Ulta Beauty Inc (NASDAQ:ULTA) has taken a nosedive today, after the firm reported second-quarter earnings and revenue below analysts' estimates. The firm also slashed it full-year same-store sales and profit forecast, citing ebbing demand for the cosmetics market. ULTA stock, at last chec...Read More
There's a great deal of pessimism priced into CPBA big earnings winner this morning is Campbell Soup Company (NYSE:CPB), with the packaged food titan reporting adjusted fiscal fourth-quarter earnings and revenue that topped estimates. Net sales rose by 2%, as well, while gross margin increased to 34% from 31.4%. The company cited cost-cutting, and a better focus on its mainstream businesses as re...Read More
July's consumer spending reading topped estimates Dow Jones Industrial Average (DJI) futures are signaling another solid triple-digit jaunt higher, thanks to the latest buzz on the U.S.-China trade spat. Although new tariffs on $300 billion in Chinese goods are still set to go into effect this Sunday, Sept. 1, the two sides were reportedly maintaining "effective communication," according to China'...Read More
Christopher LewisAug 29, 2019 4:06 PM GMTGold markets went back and forth during the trading session on Thursday, as we continue to hover around the $1550 level. This is the top of the $50 consolidation box that we have been in for some time. We are reaching towards the top of the shooting star from the Monday session, but I think at this point short-term pullbacks will offer plenty of buying oppo...Read More
Investing.com - Gold prices were little changed on Friday,after a modest boost from U.S. inflation data failed to revive a rally driven by last week's escalations of the U.S.-China trade war. Gold futures for December delivery on the Comex division of the New York Mercantile Exchange, rose $1.15, or 0.1%, to $1,538.05 a troy ounce by 9:15 AM ET (13:15 GMT).The precious metal pulled away from t...Read More
European aluminium billet premiums on Friday August 30 traded at their lowest since late 2016 and early 2017, pressured by a sustained oversupply in the region. Oversupply, aggressive offers sink premiums in Europe. Brazilian billet premium falls on weak demand.US, Asian billet premiums steady. European premiums hit by sustained oversupplyEuropean billet premiums hit their lowest since 2016 follo...Read More