Explanation on what has caused this jump on gold, and what is the future for this commodity.Historical overview to explain movements.Reasons why we still are bullish on Gold.It's been two months of intense stress for the financial markets. We assisted at one of the worst December performance in recent history, driven by uncertainty around China and USA trade deals, and some question marks on the B...Read More
Google parent Alphabet is slated to report earnings after the closeThe Dow Jones Industrial Average (DJI) is modestly lower at midday, weighed down by healthcare and energy stocks. Exxon Mobil (XOM) is currently the worst Dow stock, dropping with front-month oil prices, which are down 2.2% at $54.08 per barrel, at last check. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are slightly hig...Read More
Early investors stand to reap the rewards as a new technology looks to change everything.One research firm - which recommended Google and Amazon before they became household names - has built a worldwide reputation of identifying profitable tech trends well before Wall Street and the talking heads on T.V.And just recently, they've uncovered a technology that's already being labeled "humanity's las...Read More
There's reason to believe DIS could find technical support going forwardWalt Disney Co (NYSE:DIS) is preparing to report earnings after the close tomorrow, Feb. 5, and there's notable options data to consider on the Dow component ahead of the event. DIS currently has a Schaeffer's put/call open interest ratio (SOIR) of 1.40, showing put open interest outweighs call open interest among contracts ex...Read More
The drug met the main goal in two late-stage studiesThe shares of Incyte Corporation (NADSAQ:INCY) were pointed higher in pre-market trading, after the company's experimental atopic dermatitis treatment met the main goal in two late-stage studies. The drug, which is being marketed as Olumiant, was jointly developed with pharma giant Eli Lilly (LLY). However, INCY shares have since turned lower, d...Read More
YELP shares have been gaining since their November bottomYelp Inc (NYSE:YELP) is trading up 2.5% at $38.10 after Goldman Sachs initiated coverage on the review specialist with a "buy" rating and $42 price target. This has YELP stock set for a second consecutive close above the 80-day moving average following two months of trading below the trendline, while the 20-day moving average has been strong...Read More
South Africa's radical leftist Economic Freedom Fighters (EFF) will nationalise all mines by 2023 if elected this year, the party said in its election manifesto launched on Saturday.The party is using an anti-corruption, jobs creation and state control of the economy platform to challenge the governing African National Congress (ANC) in the election expected in May. We cannot postpone the land que...Read More
The company's Jeuveau was approved to treat frown linesThe shares of pharmaceutical concern Evolus Inc (NASDAQ:EOLS) are soaring this morning, after the Food and Drug Administration (FDA) late Friday approved the company's Jeuveau to treat frown lines. The regulatory body back in May declined to approve the Botox rival, but accepted a resubmitted marketing application in August. Out of the gate to...Read More
Things still look good for gold, but a "devil's advocate" approach is needed.U.S.-China trade war resolution could potentially reverse gold's rally.A conservative money management discipline is, therefore, needed.In the last few months, I've used this report to make the bullish intermediate-term (3-9 months) case for gold. That outlook appears to still be sound based on the weigh...Read More
Traders must watch FDN's progress around its 200-day trendline over the next few sessionsThe FANG stock-loaded First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) is entering a historically bullish month, according to data from Schaeffer's Senior Quantitative Analyst Rocky White. Over the past 10 years, FDN has emerged as the top exchange-traded fund (ETF) performer during the month of Februa...Read More
Executives, investors and government officials met in Cape Town at the African Mining Indaba, the continent's biggest gathering of one of its most essential industries.Key developments:Tailings dams in focus. All the big miners spoke about wanting to ensure the safety of their dams after the Vale's disaster in Brazil. Anglo American gave a surprising prediction that it wants to reach a point where...Read More
Wall Street may experience a post-Super Bowl hangover todayU.S. stock futures are pointing to a muted open for today's post-Super Bowl session. Dow Jones Industrial Average (DJI) futures are trading below fair value after another weekly win, and Nasdaq-100 Index (NDX) futures are also weak ahead of earnings from Google parent Alphabet (GOOGL), due out after the close. On the data front, factory o...Read More
How you can transform lagging indicators into leading indicators.Despite the strong January kick-start to 2019, many investors are still apprehensive of what's to come, especially considering some of the latest market-moving events -- think Fed policy announcements, U.S.-China trade negotiations, and earnings season, to start.While it's certainly no crystal ball, becoming familiar with the various...Read More
Newly released CoT data shows VIX futures players went net long at just the wrong time"...the sentiment landscape suggests there is fuel to push the market higher. That said, a slew of potential technical resistance levels remain overhead, so be cognizant of these levels to appropriately assess risk. Multiple uncertainties continue to linger -- including the shutdown, as the bill signed by Trump o...Read More
• The USD builds on Friday’s post-data rebound and continues exerting pressure. • US-China trade optimism dent safe-haven demand and add to the selling bias. • Comments by a slew of FOMC members might provide a fresh directional impetus. Gold extended last week's retracement slide from near nine-month tops and remained...Read More
A free tool can help traders bank big during the upcoming earnings season.Too many investors let their portfolios slip during the busy holiday season, but this is a huge mistake... especially with the market moving events just around the corner!With the crazy market action investors have been seeing lately, right now is the time to prepare to bank big wins.It's important for investors to position...Read More
Central banks bought the largest amount of gold in 2018 since 1967.The Fed has turned more dovish recently.While the global economy is slowing, the U.S. economy remains relatively strong, but there are causes for concern.The managed money positioning has come off the most extreme levels but has yet to fully reverse.Overview I have written several articles on the economy and the Fed recently, but I...Read More
(Updates prices) * Gold stuck in range of $1,300 to $1,325/oz - analyst * SPDR gold holdings slip 0.8 percent on FridayBy K. Sathya NarayananFeb 4 (Reuters) - Gold prices slipped to their lowest innearly a week on Monday as the dollar and global equities firmedon the back of upbeat economic data from the United States.Spot gold was down 0.5 percent at $1,311.25 per ounceat 1320 GMT, having hit $1,...Read More
* FTSE 100, FTSE 250 both up 0.2 pct * Ryanair weak after Q3 report* Ferrexpo worst mid-cap faller (Updates to closing prices, adds PMI data)Feb 4 (Reuters) - London's blue-chip stocks climbed to theirhighest in more than two months on Monday as gains in oil sharesand consumer staples offset deep losses in miners, while airlineRyanair slumped after a disappointing quarterly report.The FTSE 100 ind...Read More
Canada's Barrick Gold (TSX:ABX)(NYSE:GOLD), the world's top bullion producer by volume has entered into a 50-50 strategic alliance with fellow junior miner Reunion Gold (TSX-V:RGD), to jointly explore for and develop projects on South America's North Atlantic coast.The deal allows Barrick to tighten its grip on four of the Guyana-based projects Reunion already owns - Waiamu, Aremu, Arawini and O...Read More