The 64-week moving average for AAPL just switched roles to act as resistanceIt wasn't that long ago that Wall Street was celebrating Apple's (AAPL) record-setting incursion into trillion-dollar market cap territory -- and so the spate of recent headlines (perhaps colored with the faintest tint of Schadenfreude?) crowing that Microsoft (MSFT) had now surpassed its cooler, upscale rival in terms of...Read More
Published 22 Hours AgoUpdated6 Hours AgoReuters Gold held steady near a five-month peak on Tuesday as fading expectations of further interest rate hikes in the United States burnished the appeal of non-interest-bearing bullion.Meanwhile, palladium was trading at a premium to gold, with prices of the autocatalyst metal rising more than 2 percent after President Donald Trump said on Twitter that Chi...Read More
Published 22 Hours AgoUpdated6 Hours AgoReuters Gold held steady near a five-month peak on Tuesday as fading expectations of further interest rate hikes in the United States burnished the appeal of non-interest-bearing bullion.Meanwhile, palladium was trading at a premium to gold, with prices of the autocatalyst metal rising more than 2 percent after President Donald Trump said on Twitter that Chi...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average rose slightly after recovering from a 500-point drop on Monday following last week's 4.5% tumble. Apple Inc. (AAPL) rose in spite of a court in China granting an injunction that would limit the sale of iPhones into the world's biggest smartphone market.Gilead Sciences Inc. (GILD) named industry vete...Read More
The U.K. pound plunged past an 20-month low Monday after Prime Minister Theresa May moved to delay a key parliamentary vote on her Brexit deal that looked certain to be rejected by lawmakers, throwing both her government and the broader plans to leave the European Union in chaos. The Prime Minister said she would delay the vote, which was slated to begin late Tuesday, as she seeks to find suppor...Read More
McClellan Financial Publications, IncPosted Dec 10, 2018December 06, 2018Housing sector stocks have been among the worst performers in 2018, and analysts are pointing to lots of different reasons including the newly imposed U.S. tariffs on Canadian softwood lumber.But an easier explanation arises when we look at interest rates.Mortgage rates are not yet empirically “high”.I bought my f...Read More
Bob Moriarty ArchivesDec 11, 2018We need to face it; ordinary investors hate resource stocks. It’s one of those unspoken but obviously true facts that we wish to avoid thinking about or discussing. Because once you acknowledge that regular investors have virtually no exposure to resources, you also need to start questioning just why that seems to be true.One cause is fairly simple to underst...Read More
CloseGain/LossGold $1243.00-$1.30Silver$14.55+$0.03XAU67.09-0.46%HUI152.82-0.78%GDM558.66-0.31%JSE Gold1249.83+2.68USD97.42+0.21Euro113.22-0.35Yen88.22-0.12Oil$51.65+$0.6510-Year2.879%+0.025T-Bond143.90625-0.15625Dow24370.24-0.22%Nasdaq7031.83+0.16%S&P2636.78-0.04% The Metals: Gold gained $5.20 to $1249.50 in London before it chopped back down to $1241.10 by midafternoon...Read More
By Ed Steer11 December 2018 -- TuesdayYESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUMThe gold price went vertical the moment that trading began in New York at 6:00 p.m. EST on Sunday evening in New York. but the short sellers of last resort were there in seconds -- and from that point the price chopped quietly sideways until shortly before 3 p.m. China Standard Time on their Monday afternoon...Read More
By Craig HemkeEach of the past five years, we've predicted a year-end and new-year rally in precious metals. And for each of the past five years, the market has performed as forecast. So, what can be expected as 2018 becomes 2019? Let's begin with the past. As mentioned above, each of the past five years have seen year-end gold and silver price rallies. These rallies have begun around the time o...Read More
The Global Financial Crisis, a broader deeper more powerful systemic crisis than the Lehman Event was, has finally arrived in a great redux. It is seen in numerous areas. We have finally arrived at the ten-year anniversary of the Lehman event, a killjob whereby JPMorgan and Goldman Sachs bought a few $billion in mortgage bonds and never paid Lehman Brothers. The firm died, called a financial fai...Read More
By Dave KranzlerI chuckle when the hedge fund algos grab onto "positive" trade war headlines and trigger a sharp spike in stock futures. Settlement of the trade war between the Trump Government and China will do nothing to prevent a global economic recession - a recession which will likely deteriorate into a painful depression. The Central Bank "QE" maneuver was successful in camouflaging an...Read More
Graceland UpdatesBy Stewart Thomson 1. Where are the populist government leaders who are cutting their outrageous government debts? 2. The answer, unfortunately, is that they do not exist.3. Citizens riot in France over insane fuel taxes, central bankers resign in India, markets crash in America, and England's citizens watch their Brexit turn into an overpriced wet noodle.4....Read More
In two short months market psychology has undergone radical transformation Two months ago we warned of October being the month markets have been known to go bump in the night - 1907, 1929, 1987, 1997, 2007, 2008. Sure enough, on October 2 the Dow Jones Industrial closed at 26,828. By the end of the month, it stood at 25,115 - down over 1700 points and nearly 6.5%. Since then stock market psychol...Read More
By RambusTonight I would like to show you some charts from the PM complex we haven't looked at in a long time. Some of these charts will look familiar to some of our long term members as they were very helpful in the past to help us figure out what the PM complex was up to. This first chart is a ratio combo chart which has the GOLD:XAU on top and the XAU on the bottom. When the ratio is rising g...Read More
A few years ago the Swiss National Bank (SNB) - which traditionally held "monetary assets" like government bonds, cash and gold to back up the Swiss franc decided to branch out into common stocks.This was a departure, but for a while a brilliant one. The SNB loaded up on Big Tech like Apple, Amazon and Microsoft, and rode them to massive profits, which enriched both the Swiss people and the SN...Read More
By Frank HolmesLast week I had the opportunity to attend the Young Presidents Organization (YPO) parliamentary intelligence forum in Washington, D.C. More than 200 members of parliaments from as many as 60 European countries joined us to hear from such dignitaries as Congressmen Robert Pittenger (R-NC) and Mike McCaul (R-TX), chairman of the Homeland Security Committee.While in D.C., I was very...Read More
155,000. The November job gains disappointed. But the unemployment rate remained at 3.7 percent. What does it all mean for the gold market? Job Creation Disappoints, but Unemployment Rate Is Still Low U.S. nonfarm payrolls slowed down in November. The economy added just 155,000 jobs last month, following a rise of 227,000 in October (after a downward revision). Moreover, the weak headline num...Read More
By Avi GilburtThis past week was quite interesting, as well as volatile. On Monday, we had a huge gap up right into the initial resistance region we had on our charts in the 2810-15SPX region. In fact, the futures struck a high of 2813ES, and then turned down.Well, when the trading day opened on Monday, analysts and market participants were quite certain that the "cause" of the rally was due t...Read More