The gold price made a new 2020 high today and looks poised to take out the nominal all-time high around $1,920 and then challenge $2,000 in the months ahead. Some are even estimating that gold could climb to $3,000 by year-end on account of the nearly $10 trillion in new money/debt/stimulus that is being created in the US alone to fight the pandemic.This 2020 gold price target of $3,000 is a littl...Read More
Precious metals have been on our radar for many months and, if you’ve been paying attention, you probably already know our research suggests Gold and Silver are one of the best investments you can make right now. Recently, we shared this article suggesting Gold would need to rally above our proprietary Fibonacci Price Amplitude Arc (GREEN Arc) level near $1745 before it would attempt a...Read More
Mike Gleason (Money Metals Exchange): It is my privilege now to interview our good friend, Greg Weldon,CEO and President of Weldon Financial. Greg has decades of market research andtrading experience specializing in the metals and commodity markets and he evenauthored a book back in 2006 titled Gold Trading Boot Camp wherewe accurately predicted the implosion of the U.S. credit mark...Read More
Crude oil soared higher yesterday and also intoday’s pre-market trading, which shows you why it was a good idea to remaincautious yesterday, even despite crude oil’s breakdown below the rising supportline. We previously wrote the following:We saw a tiny breakdown onWednesday, but it was not based on the decisive move lower, but rather based onthe fact that time passed and the ne...Read More
So here we are, with the sector leading the recovery out of the March crash during still-deflationary times. Inflation? It is not yet anywhere to be found, and that probably has a lot of inflation-centric would-be gold boosters on the sidelines. Someday, when these ladies are in full cheer with inflation signals rising, it will be time for caution.Meanwhile, for years we have stuck to the real fun...Read More
The gold price made a new 2020 high today and looks poised to take out the nominal all-time high around $1,920 and then challenge $2,000 in the months ahead. Some are even estimating that gold could climb to $3,000 by year-end on account of the nearly $10 trillion in new money/debt/stimulus that is being created in the US alone to fight the pandemic.This 2020 gold price target of $3,000 is a littl...Read More
Precious metals have been on our radar for many months and, if you’ve been paying attention, you probably already know our research suggests Gold and Silver are one of the best investments you can make right now. Recently, we shared this article suggesting Gold would need to rally above our proprietary Fibonacci Price Amplitude Arc (GREEN Arc) level near $1745 before it would attempt a...Read More
Mike Gleason (Money Metals Exchange): It is my privilege now to interview our good friend, Greg Weldon,CEO and President of Weldon Financial. Greg has decades of market research andtrading experience specializing in the metals and commodity markets and he evenauthored a book back in 2006 titled Gold Trading Boot Camp wherewe accurately predicted the implosion of the U.S. credit mark...Read More
Crude oil soared higher yesterday and also intoday’s pre-market trading, which shows you why it was a good idea to remaincautious yesterday, even despite crude oil’s breakdown below the rising supportline. We previously wrote the following:We saw a tiny breakdown onWednesday, but it was not based on the decisive move lower, but rather based onthe fact that time passed and the ne...Read More
By: Ira EpsteinGold above the monthly Bollinger band, it only stays above this band only 5% of the time. The weekly gold chart, this is the best gold price close we have had in years! Up $42 1/2 for the week..Read More
Strengths? The best performing precious metal was silver, up 7.30 percent. Gold had a strong week and held above $1,700 an ounce. Bullion rose the most in a week on Wednesday after Fed Chairman Jerome Powell said that the U.S. economy is facing unprecedented downside risks that could do lasting damage. Powell pushed legislators to take more action to support the economy. The poss...Read More
Gold, silver, copper and crude oil are all very bullish. Gold can rise to $1800+ by tomorrow if the rise continues. Silver can break past $20.00+ if the rise continues. Crude oil will if it floats over $30.00 this week will rise to $37.60 and more. Copper is bullish as long as it trades over $228. Speculation of negative interest rates by the bank of England will only increase the pace of rise o...Read More
The Dow and the S&P both enjoyed their biggest one-day jumps since April 6Stocks hurtled higher today, thanks to a combination of this morning's positive early stage test results for Moderna's (MRNA) potential COVID-19 vaccination, coupled with Fed Chair Jerome Powell's apparent willingness to further help the U.S. economy. The Dow notched a roughly 911 point win, surgingat the close for its best...Read More
Square stock is trading lower middayThe 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 mobile payment platform, Square Inc (NYSE:SQ). Below, we'll take a closer look at the opti...Read More
Call options are incredibly popular todayThe shares of Walt Disney Co (NYSE:DIS) are up 6.3% to trade at $116.15 today, after the company announced a small part of its U.S. theme park landscape will reopen on Wednesday with sanitary policies and social distancing rules in place. Disney Springs, a shopping and entertainment complex that is part of the Walt Disney World theme park, will open a sma...Read More
Urban Outfitters is set to post earnings after the close tomorrowToday's broad-market burst hasn't been lost on clothing retailer Urban Outfitters, Inc. (NASDAQ:URBN). The stock broke north of its 60-day moving average today for the first time since February, and is now up 11.7% to trade at $18.59 in a solid attempt to break free of the sideways trading many in the retail sector have been sufferin...Read More
The Dow is up around 860 points middayThe Dow Jones Industrial Average (DJI) is soaring in afternoon trading, coaxed upwards by Moderna's (MRNA) positive COVID-19 vaccine trial data. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also in the black, as investors happily digest comments by Federal Reserve Chairman Jerome Powell on "60 Minutes." Plans to ease lockdowns further within the U....Read More
The news is giving the broader market a massive boost, tooThe shares of Moderna Inc (NASDAQ:MRNA) are trading at new record highs, up 28.2% at $85.52, after its COVID-19 vaccine, mRNA-1273, produced antibodies in all 45 participants during its early-stage human trial. The news has injected Wall Street with an extreme amount of optimism, as the company looks to move on to late-stage trials. Moder...Read More
Most of the analyst community is bullish on the movie theater stockThe shares of Cinemark Holdings, Inc (NYSE:CNK) are up 5.2% at $12.65 at last check, shaking off a downgrade from B. Riley to "neutral" from "buy," with an added price-target cut to $13 from $16. The analyst in coverage is skeptical about a rebound for the second half of 2020, and is also concerned by CNK's exposure to Brazil, wher...Read More
Telsey Advisory Group lifted its rating on Best Buy to "outperform" from "market perform" Tech retailer Best Buy Co Inc (NYSE:BBY) is up 7.8% to trade at $84.63 this morning, after Telsey Advisory Group lifted its rating on the security to "outperform" from "market perform." The analyst said the big box name will come out on top after the coronavirus pandemic, citing strong cash flow generation an...Read More