Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort288,14850,23439,951131,977406,299460,076496,484Change from Prior Reporting Period -7,2466,628706-1,738-17,590-8,278-10,256Traders20761815660291177 Small Speculators (C) GoldSeek.com LongShortOpen Interest 59,29822,890519,374 -5531,425-8,831 non reportable positionsChange from...Read More
By Dave KranzlerAn article from Bloomberg was published 2 days ago which alleged that "New York Gold Traders Drown in Glut..." The Comex is now reporting there's 26 million ozs of gold in Comex vaults, 17 million of which is in the "eligible" account. This is up from 9 million total ozs at the end of March, 5.5 million of which was "eligible."I find it amusing that the mainstream media swall...Read More
Key PointsThe U.S. economy has used phony numbers for a long time. The U.S. Gross Domestic Product has been falling for some time.Cuts in government-funded services, including Social Security and Medicare were already in the works before the COVID-19 coronavirus outbreak.President Trump offered reduced taxes for U.S. companies doing business overseas as incentive to bring their profits home. Som...Read More
Avi GilburtFor those that do not know, Carolyn Boroden (The Fibonacci Queen) has joined the analyst team at Elliottwavetrader. So, she and I are endeavoring to present our combined perspectives to outline our general expectations over the coming weeks, as we begin this series of articles.There are times when the market provides us with clear indications. And, as proceeded through March, Caro...Read More
Last day of the month. Just trade in the technical. Trump and China news will affect markets today. Economy will be on focus from next week. Nations have started opening from May month. Next week will tell us whether over optimism has been factored in by current stock rise and crude oil. Silver and copper are bullish. Nickel will break free from the recent consolidation phase and form a new rang...Read More
Technical analyst Clive Maund charts Black Tusk Resources and explains why he sees it as an "immediate strong speculative buy." If you are one of those people who likes to show up at a lavish party right at the starting bell, after weeks or even months of arduous preparation (by others) then this stock is for you. This is one of the most powerfully bullish setups I have seen for a long time and t...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort288,14850,23439,951131,977406,299460,076496,484Change from Prior Reporting Period -7,2466,628706-1,738-17,590-8,278-10,256Traders20761815660291177 Small Speculators (C) GoldSeek.com LongShortOpen Interest 59,29822,890519,374 -5531,425-8,831 non reportable positionsChange from...Read More
By Dave KranzlerAn article from Bloomberg was published 2 days ago which alleged that "New York Gold Traders Drown in Glut..." The Comex is now reporting there's 26 million ozs of gold in Comex vaults, 17 million of which is in the "eligible" account. This is up from 9 million total ozs at the end of March, 5.5 million of which was "eligible."I find it amusing that the mainstream media swall...Read More
Key PointsThe U.S. economy has used phony numbers for a long time. The U.S. Gross Domestic Product has been falling for some time.Cuts in government-funded services, including Social Security and Medicare were already in the works before the COVID-19 coronavirus outbreak.President Trump offered reduced taxes for U.S. companies doing business overseas as incentive to bring their profits home. Som...Read More
Avi GilburtFor those that do not know, Carolyn Boroden (The Fibonacci Queen) has joined the analyst team at Elliottwavetrader. So, she and I are endeavoring to present our combined perspectives to outline our general expectations over the coming weeks, as we begin this series of articles.There are times when the market provides us with clear indications. And, as proceeded through March, Caro...Read More
Last day of the month. Just trade in the technical. Trump and China news will affect markets today. Economy will be on focus from next week. Nations have started opening from May month. Next week will tell us whether over optimism has been factored in by current stock rise and crude oil. Silver and copper are bullish. Nickel will break free from the recent consolidation phase and form a new rang...Read More
By: Ira EpsteinFirst week of June a big week in US, many places re-opening. Lay-offs a big threat still and as the largest employers, and oh boy, there are going to be problems.Gold is acting very good..Read More
President Trump will hold a surprise news conference on China tomorrowThe Dow seemed ready to log its third consecutive day in the black on Thursday, but pivoted lower in the final hour of trading to finish almost 150 points in the red. Fueling the dramatic dive is news of a surprise announcement that U.S. President Donald Trump is holding a press conference regarding China tomorrow. The blue-ch...Read More
Weekly calls have almost doubled puts in the last 10 daysThe 20 stocks listed in the table below have attracted the highest weekly options volume during the past 10 trading days, with data courtesy of Schaeffer's Senior Quantitative Analyst Rocky White. Stocks highlighted in yellow are new to the list. Standing out this week is financial institution JPMorgan Chase & Co (NYSE:JPM). Below, we'll t...Read More
AU options are affordably priced at the moment, tooAs U.S. equities continue to bounce back-- the Dow is heading toward a second-straight monthly win -- gold prices and the appeal for the safe-haven asset have dulled. Mining stock AngloGold Ashanti Limited (NYSE:AU) is nursing a 4.5% May deficit, but there's a silver lining; AU has pulled back to a trendline that has historically bullish implicati...Read More
The stock market is modestly in the black midday, with the Dow up around 80 pointsMajor indexes are modestly higher this afternoon, mostly shaking off this morning's dismal weekly jobless claims, which is giving investors reason to believe the economy has already hit its bottom. The Dow Jones Industrial Average (DJI) is up around 110 points as a number of stocks rally ahead of further reopenings,...Read More
American Airlines said it will reduce management and support staff by 30%The shares of American Airlines Group Inc. (NASDAQ: AAL) are down 4.5% at $11.98 this morning, after the airline announced to employees on Wednesday it will downsize management and support staff by 30%, and then will cut front-line workers due to the coronavirus outbreak. This news is in line with the carrier's plan to opera...Read More
June begins with another round of retail earningsJune kicks off with an eventful week, stuffed to the brim with economic reports and earnings. The beginning of the week starts off slow, with Tuesday featuring motor vehicle sales, though the earnings docket is busy. And much like the previous weeks, investors will eagerly await Thursday's weekly jobless claims. Additionally, the beginning of June f...Read More