I expect some more additional stimulus measures today. Federal Reserve will copy its counter parts of bank of Japan and bank of England on additional stimulus measures. European central bank meeting tomorrow will have least impact on gold and silver. It can impact Euro versus the US dollar and Euro versus the Yen. In the month of May more and more nations will allow factories and businesses to f...Read More
The metals complex showed relative stability this week asthe oil market suffered a historic meltdown. West Texas Intermediate Crudecrashed 70% at one point this week on the continuous contract, bringing pricesbriefly below $7 per barrel. By Thursday, prices were trading between $14 and$18 per barrel.The volatility on the May futures contract was even moreextreme. On Monday, May futures for crude o...Read More
It is reasonably well known that many Romanemperors debased their currency (coinage). This was a very bad practice, sinceit is really a reflection of the debasement of the value of the kingdom (empireor country); going from a honest and just society to a corrupt and unjustsociety.One of the reasons (effects) of debasing thecurrency was the transfer of wealth from the citizens to the ruling class....Read More
The gold miners’ stockssurged to a major bull-market breakout this week! Powering decisively above their years-oldsecular resistance is a hugely-important technical event. It proves this gold-stock bull is alive andwell, greatly improves sentiment, and puts this high-flying sector on countlessmore traders’ radars. New bull highs fuelself-feeding bullish psychology, as...Read More
The metals complex showed relative stability this week asthe oil market suffered a historic meltdown. West Texas Intermediate Crudecrashed 70% at one point this week on the continuous contract, bringing pricesbriefly below $7 per barrel. By Thursday, prices were trading between $14 and$18 per barrel.The volatility on the May futures contract was even moreextreme. On Monday, May futures for crude o...Read More
It is reasonably well known that many Romanemperors debased their currency (coinage). This was a very bad practice, sinceit is really a reflection of the debasement of the value of the kingdom (empireor country); going from a honest and just society to a corrupt and unjustsociety.One of the reasons (effects) of debasing thecurrency was the transfer of wealth from the citizens to the ruling class....Read More
The gold miners’ stockssurged to a major bull-market breakout this week! Powering decisively above their years-oldsecular resistance is a hugely-important technical event. It proves this gold-stock bull is alive andwell, greatly improves sentiment, and puts this high-flying sector on countlessmore traders’ radars. New bull highs fuelself-feeding bullish psychology, as...Read More
The metals complex showed relative stability this week asthe oil market suffered a historic meltdown. West Texas Intermediate Crudecrashed 70% at one point this week on the continuous contract, bringing pricesbriefly below $7 per barrel. By Thursday, prices were trading between $14 and$18 per barrel.The volatility on the May futures contract was even moreextreme. On Monday, May futures for crude o...Read More
It is reasonably well known that many Romanemperors debased their currency (coinage). This was a very bad practice, sinceit is really a reflection of the debasement of the value of the kingdom (empireor country); going from a honest and just society to a corrupt and unjustsociety.One of the reasons (effects) of debasing thecurrency was the transfer of wealth from the citizens to the ruling class....Read More
The gold miners’ stockssurged to a major bull-market breakout this week! Powering decisively above their years-oldsecular resistance is a hugely-important technical event. It proves this gold-stock bull is alive andwell, greatly improves sentiment, and puts this high-flying sector on countlessmore traders’ radars. New bull highs fuelself-feeding bullish psychology, as...Read More
Gary Savage SPX rally heading for 3,000 area, a pullback and then a run for 3,200 area..Gary Savage https://blog.smartmoneytrackerpremium.com/Read More
Ira EpsteinSettlement times come in at 1:30pm EST. Down day in energy, Oil ETF changes rules again, liquidating all front month-June contracts! Gold markets in a consolidation phase, Gold has a bear pattern but..Read More
June-dated crude fell once again after yesterdays dramatic dropThe Dow closed down around 30 points after a volatile day of trading, snapping a four-day win streak. The Nasdaq and S&P 500 also closed in the red, after the latter hovered around breakeven. Positivity surrounding states easing lockdown measures and the reopening the U.S. economy appeared dimmed after Dr. Anthony Fauci said opening...Read More
Meanwhile, corporations with large market caps are survivingThe month of April has seen Wall Street rebuild from the swift and sudden sell-off in March. With a little over five days remaining, the S&P 500 Index (SPX) is on its way to an 8.6% monthly win, a commendable bounceback from March's 12.5% hole. The prevailing question on investors' minds is: was that the bottom? Stocks are climbing, yet a...Read More
KDP reported a first-quarter earnings and revenue beatKeurig Dr Pepper Inc (NYSE:KDP) is up 6.5% to trade at $27.54, at last check, bouncing off a positive first-quarter report. The beverage name posted earnings of 29 cents per share and revenue of $2.61 billion, higher than Wall Street's estimates of 27 cents per share and $2.55 billion in revenue. Following the news, three analysts raised their...Read More
AMD will announce its first-quarter earnings after the close tonight Chipmaker Advanced Micro Devices, Inc. (NASDAQ:AMD) is getting ready to head into the earnings confessional after the close this evening, and options bulls are already paying attention. So far today, 131,000 calls have crossed the tape, compared to 40,000 puts. The weekly 5/1 65-strike call is by far the most popular, with posit...Read More
Oil prices are once again in the red as wellThe Dow Jones Industrial Average (DJI) is experiencing some serious volatility at midday, giving back triple-digit gains from the morning and currently dancing around breakeven despite positive blue-chip earnings reports. Meanwhile, the Nasdaq Composite (IXIC) and S&P 500 Index (SPX) are currently in the red, with an underperforming tech sector weigh...Read More
MMM beat Wall Street's earnings and revenue estimatesThe shares of 3M Co (NYSE:MMM) are up 4.7% to trade at $160.79, after reporting first-quarter earnings of $2.16 per share and revenue of $8.08 billion, both of which are higher than Wall Street's estimates. The blue chip company cited increased demand for its N95 masks during the coronavirus pandemic, though it also suspended its 2020 outlook as...Read More
HOG reported earnings of 45 cents per shareShares of Harley-Davidson Inc (NYSE:HOG) are up 12.5% to trade at $21.30 after a fiscal fourth-quarter earnings beat. The motorcycle king reported profits of 45 cents per share, much higher than Wall Street's estimated 9 cents per share, though they also announced a lower-than-anticipated revenue -- unsurprising with 50% of their dealerships now closed. F...Read More
JetBlue is the first major U.S. airline to require face coverings for its customers during travel Members of the airline sector have had a tough time digging themselves out of their mid-March trough, and JetBlue Airways Corporation (NASDAQ:JBLU) is no exception. The stock has been trading sideways for the most part, with its early April surge swiftly cut down by the $12 region, and even more press...Read More