Just trade in the technical till Monday. Trump and his impeachment could be closed by Friday. This can result in some mild correction in gold. It remains to be seen how the prices in all metals and energies will move once China reopens. Various US jobs numbers will be released next week. Focus will be on global economy next week. Fundamentals will dictate price of all metals and energies next we...Read More
By: Gary SavageGold traders can be too emotional and unless they can find a way to change that, they will not find success in the investment business.$GDX's big picture, resistance around 32 area. Bullion banks are heavily short and lost control of gold..https://blog.smartmoneytrackerpremium.com/Read More
By: Ira EpsteinGold has had the highest close in months! This is not bad action. Daily chart shows back filling. 18-DMA holding up market.. Read More
Just trade in the technical till Monday. Trump and his impeachment could be closed by Friday. This can result in some mild correction in gold. It remains to be seen how the prices in all metals and energies will move once China reopens. Various US jobs numbers will be released next week. Focus will be on global economy next week. Fundamentals will dictate price of all metals and energies next we...Read More
Yesterday, I reviewed Wednesday's Fed rate decision and press conference with Jim Goddard on HoweStreet.com. Key topics included the positive outlook for gold, the USMCA opportunity for contrarians, the role the Fed seems to be playing in financing the US deficit, and a big potential policy shift in H1 that could have big implications for Canadian stocks.We started the show by talking about gold...Read More
Nickel and copper are the bull stand-outs in the latest Reuters poll of base met...Read full newsRead More
Nickel and copper are the bull stand-outs in the latest Reuters poll of base met...Read full newsRead More
Facebook carved out a heavy day for stocksU.S. stocks just barely shook free of the lasting coronavirus headwinds today, with all three major indexes seeing a quick recovery into the black during the last hour of trading. Earnings also remained in focus, as Facebook (FB) weighed heavy on the tech sector and S&P 500. Paring some of today's afternoon losses were well-received reports from Coca-Cola...Read More
The preventive measure seeks to protect trucks to and from the mine amid fresh protests against alleged pollution.Read full newsRead More
Newrange Gold is pleased to announce that the IP survey at the Company's Pamlico project in the Walker Lane Trend of western Nevada has been completed.Read full newsRead More
"IAMGOLD PAYS $2.35 MILLION TO VANSTAR AND GETS AN ADDITIONAL 24% INTEREST IN THE NELLIGAN PROJECT#GoldStock #Vanstar $VSR #TSXV #IAmGold #SmallCaps #StocksToTrade #StocksToWatch #MomentumStockshttps://t.co/z5cQwR1T98"Read full newsRead More
HYG has pulled back to a notable trendlineWe've been gauging the recent pullback in stocks that's come mostly at the hands of the coronavirus outbreak. The Dow Jones Industrial Average (DJI) is pacing for a nearly 200-point drop today, eyeing a second straight weekly loss, but from one perspective this pullback could be an entry point for bulls.For instance,Schaeffer's Senior Options Strategist Br...Read More
The stock has been in cool-down mode since hitting fresh highs earlier this month Makeup manufacturer Estee Lauder Companies Inc (NYSE:EL) has been in cool-down mode since hitting an all-time peak just north of the $220 region on Jan. 17, thanks in part to a post-earnings bear gap that left the equity trading right below the $200 level. Fortunately for EL, though, familiar support at the 160-day m...Read More
A new report by McKinsey found30 to 50% of production of three top commodities is concentrated in areas where water stress is already high.Read full newsRead More
Oil prices are also suffering heavy lossesThe Dow Jones Industrial Average (DJI) continues to move lower today, as coronavirus headwinds linger on Wall Street. A number of big-name earnings releases remain in focus, too, including Facebook's (FB), which has the social media giant as one of the worst S&P 500 Index (SPX) stocks on the day. Meanwhile, oil prices are falling alongside equities, with...Read More
The ride share company laid off 90 employees in an effort to achieve profitability by 2021Ride share giant Lyft Inc (NASDAQ:LYFT) announced last evening that it will be laying off 90 employees -- about 2% of its workforce -- in an effort to restructure some of their sales and marketing teams and achieve profitability by next year. The stock is struggling for direction this morning, up 0.3% at $46....Read More
KO is enjoying the aftermath of its knock-out earnings reportBeverage powerhouse and Dow stock Coca-Cola Co (NYSE:KO) is enjoying a nice 2.9% post-earnings lift this morning, last seen trading neara fresh record high of $58.63. The company reported a better-than-expected fourth-quarter earnings and revenue beat, as well as topline growth after an increase in demand for its signature brand and Fuz...Read More
Traders were buying LRCX puts before the eventThe broader stock market is under pressure today, but the shares of semiconductor processing equipment specialist Lam Research Corporation (NASDAQ:LRCX) are outperforming in a big way thanks to the company's earnings release last evening. LRCX stock is trading 6.7% higher at $318.41, already tapping a fresh record peak of $319, thanks to an earnings b...Read More
Post lunar new year trading in iron ore resumes as coronavirus cases surpass 2002 SARS outbreak.Read full newsRead More
Earnings and coronavirus news are in focusDow Jones Industrial Average (DJI) futures are trading below fair value this morning despite a mostly strong round of corporate earnings, with blue chips Microsoft (MSFT) and Coca-Cola (KO) headlining the winners with their pre-market gains. On the bearish side, traders are monitoring a sharp post-earnings pullback in Facebook (FB) shares, while fellow tec...Read More