It is absolutely amazing how the precious metals markets have followed our October 2018 predictions almost like clockwork. Our call for an April 21~24 momentum base below $1300 followed by an extensive rally to levels above $1550 has been playing out almost like we scripted these future price moves. Now that the $1550 level has been reached, we are expecting...
By Lizzy Gurdus, CNBC What’s in store for the S&P 500 as the final earnings season of the year kicks off? The index’s recent sideways action has made that question top of mind for investors — and, unsurprisingly, many disagree on the answer. “I think markets are positioned to surprise higher just … given the lack of enthusiasm out there,”...
By Lizzy Gurdus, CNBC What’s in store for the S&P 500 as the final earnings season of the year kicks off? The index’s recent sideways action has made that question top of mind for investors — and, unsurprisingly, many disagree on the answer. “I think markets are positioned to surprise higher just … given the lack of enthusiasm out there,”...
News, again, drives the US stock market and major indexes higher as optimism of a US/China trade agreement floods the news wires. As we’ve been suggesting, the global markets continue to be news-driven and are seeking any positive news related to easing trade tensions and capital markets. We believe any US/China trade deal would be received as very positive news...
News, again, drives the US stock market and major indexes higher as optimism of a US/China trade agreement floods the news wires. As we’ve been suggesting, the global markets continue to be news-driven and are seeking any positive news related to easing trade tensions and capital markets. We believe any US/China trade deal would be received as very positive news...
The recent rally effort is suspicious to be sure; it's not the time of year for bullishness, and there's plenty on the landscape that could torpedo the market. Yet, there it is. The S&P 500 is up nearly 3.7% from its early October low, and above all the key moving average lines. There are a couple of problems with the...
The recent rally effort is suspicious to be sure; it's not the time of year for bullishness, and there's plenty on the landscape that could torpedo the market. Yet, there it is. The S&P 500 is up nearly 3.7% from its early October low, and above all the key moving average lines. There are a couple of problems with the...
Positive expectations related to the US/China trades negotiations on October 10th prompted a moderately strong upside move in the US major indexes and the stock market. Additionally, the precious metals fell in correlation to the upside move in the US stock market and presented another opportunity for skilled technical traders to look for entries below $1500 in Gold and below...
Positive expectations related to the US/China trades negotiations on October 10th prompted a moderately strong upside move in the US major indexes and the stock market. Additionally, the precious metals fell in correlation to the upside move in the US stock market and presented another opportunity for skilled technical traders to look for entries below $1500 in Gold and below...
It ended up being an incredibly unhealthy, even dangerous finish to the week. Between the gap at the open and the pullback from the intraday high, some profit-taking is a distinct possibility. That small move down could turn into a bigger one relatively easily. Nevertheless, seemingly encouraging data about an end to the trade war was enough to send the...
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