By: Ira EpsteinGold's monthly chart is at the upper Bollinger band, or resistance. It continues to push the upper band higher, bullish. Gold remains in an uptrend in the weekly chart. Momentum is up..Read More
Gold will remain firm on restarting US China trade tensions. Pre USA presidential drama has started. Trump has started blaming china for corona virus. Trump has restarted the trade war. The trade war is a political drama by Trump to divert mass attention from late reaction to CVOID crisis. There will be more such politically motivated things by Trump. Gold will remain firm till November. There c...Read More
Big gains for the tech sector helped Wall Street pare steep lossesThe Dow pared a 250-point deficit at its session lows to finish marginally higher in the final minutes of trading. The S&P 500 and Nasdaq also clawed their way into the black, brushing off anxieties over newly bubbling tensions between the U.S. and China, as well as a dismal day for the airline sector. Big tech appears to have saved...Read More
Options bears are targeting AAL and DAL as the air line sector sells off The airline sector is reeling today, and dragging the broader market down with it, following Warren Buffet-owned Berkshire Hathaway's (BRK.A) decision to drop all of its airline sector holdings. This includes Delta Air Lines, Inc. (NYSE:DAL) and American Airlines Group Inc (NASDAQ:AAL). The news has sparked wild trading in th...Read More
AAPL sports attractively priced options to bootThe 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. One name that sticks out in particular is FAANG name Apple Inc (AAPL). Below, we'll take a closer look at...Read More
UBER was turned away at its 80-day moving averageThe shares of Uber Technologies Inc (NYSE:UBER) were last seen down 4% trading at $27.25, after it was announced Friday that a U.S. judge ordered the ride sharing behemoth to face a lawsuit claiming its "illegal predatory pricing" and other anti-competitive practices hindered competition. And today, the ride-sharing app's Eats program exited eight...Read More
Plus, Inovio's 40-day moving average has had bullish implications in the past As summer inches closer, the classic mantra "sell in May and go away" is always worth revisiting. But instead of focusing on the stocks that struggle, we took a look at the best sectors to own during the summer months, as well as one stock in particular that is flashing a historically bullish signal. More specifically,...Read More
The Dow is down around 200 points middayAs heavy-weight Walt Disney (DIS) and U.S.-China tensions permeate throughout the broader market, the Dow Jones Industrial Average (DJI) is down around 200 points midday. A steep selloff in the airline sector is also dragging stocks, with the S&P 500 Index (SPX) just below breakeven in today's session. On the flip side, the Nasdaq Composite (IXIC) is inch...Read More
BRKA sold its entire stakes in four major U.S. airlinesBerkshire Hathaway Inc. (NYSE:BRK.A) sent airline stocks tumbling after CEO Warren Buffet announced that the conglomerate sold its entire stakes in the four largest U.S. airlines -- Delta Air Lines (DAL), American Airlines (AAL), Southwest Airlines (LUV), and United Airlines (UAL). The company also reported a first-quarter earnings and revenue...Read More
Constellation Brands upped their stake in Canopy Growth to 38.6% thisThe shares of pot producer Canopy Growth Corp (NYSE:CGC) are climbing higher this morning, up 4.9% to trade at $15.97 after beverage name Constellation Brands (STZ) exercised warrants to buy shares of CGC, raising its stake to 38.6%. Jefferies chimed in, saying that the move was "financially sensible," but warning that it's still...Read More
INTC has found a short-term floor at the $57 levelIntel Corporation (NASDAQ:INTC) is making headlines this morning, after TechCrunch reported over the weekend that the chip company is reportedly in advanced talk to acquire Israeli public transit app developer Moovit for $1 billion. Moovit, whose free mobile navigation app provides transit data to more than 750 million users in 100 countries, prev...Read More
The U.S. and China are in dispute over the coronavirus originsDow Jones Industrial Average (DJI) futures are poised to open the week with a triple-digit move below fair value. Futures on the Nasdaq-100 Index (NDX) and S&P 500 Index (SPX) are also bracing for sharp losses, as investors eye a crumbling airline sector, grounded after Warren Buffett's Berkshire Hathaway dumped all of its airline s...Read More
Chris MarcheseChief Mining Analyst, GoldSeek & SilverSeekWeek Ended May-1, 2020$AEM, $ASR.TO, $ALIAF, $AGI, $CG.TO, $CAGDF, $EGO, $EQX, $FSM, $LIO.V, $LOMLF, $LUG.TO, $FTMNF, $NCMGY, $NCM.AX, $MAG, $MTA, $NUAG.V, $NUPMF, $NEE.V, $NHVCF, $OGC.TO, $OCANF, $OR, $OSK.TO, $OBNNF, $PVG, $SA, $SVM, $SILV, $TXG.TO, $TORXF, $AUYAgnico-Eagle: Reported Q1 2020 financial results as well as new 2020 produ...Read More
Notwithstanding the Fed's seemingly limitless ability to create money to throw at the stockmarket, which has caused it to rally in recent weeks in the face of a dead economy and apocalyptic jobs data and earnings etc., all the charts we are going to look at here point to another severe downleg soon.My attention was drawn to a bearish Rising Wedge completing in the London FTSE index by a colleagu...Read More
By: Gary SavageI have all the confirmations that I need to see that gold is moving into a daily cycle low. The buying opportunity for the trade of the year..https://blog.smartmoneytrackerpremium.com/Read More
By: Ira EpsteinGold's monthly chart is at the upper Bollinger band, or resistance. It continues to push the upper band higher, bullish. Gold remains in an uptrend in the weekly chart. Momentum is up..Read More
Still BullishNew ModelsJet Fuel MarketMarket sentiment reflects human sentiment, which lately has been quite negative understandably so, given the great uncertainty surrounding the coronavirus pandemic. A month ago, we didn't know where all this was going but it was potentially serious.I can almost begin to sense sentiment changing. New drug therapies are being announced and dozens of vaccines a...Read More
By Steve St. AngeloThe U.S. public debt increased at the fastest rate ever during April. Due to the negative economic impacts stemming from the global contagion, the U.S. Treasury increased the federal debt by a whopping $1.3 trillion in a single month. The additional $1.3 trillion of U.S. public debt during April would purchase approximately one-third of all the physical gold investment bull...Read More
April marks a second month of truly extraordinary developmentsin markets – from negatively priced crude oil futures to a record spike inunemployment claims to a lockdown-defying rally in stocks. The financial media is touting the S&P 500’s surge of morethan 13% in April – the biggest one-month gain for the index since 1974. While stock market investors have made up a big chu...Read More
Chris MarcheseChief Mining Analyst, GoldSeek & SilverSeekWeek Ended May-1, 2020$AEM, $ASR.TO, $ALIAF, $AGI, $CG.TO, $CAGDF, $EGO, $EQX, $FSM, $LIO.V, $LOMLF, $LUG.TO, $FTMNF, $NCMGY, $NCM.AX, $MAG, $MTA, $NUAG.V, $NUPMF, $NEE.V, $NHVCF, $OGC.TO, $OCANF, $OR, $OSK.TO, $OBNNF, $PVG, $SA, $SVM, $SILV, $TXG.TO, $TORXF, $AUYAgnico-Eagle: Reported Q1 2020 financial results as well as new 2020 produ...Read More