Another day, another gain for gold. The price of the precious metal inched 0.77% higher on Tuesday, marking the fourth consecutive day of forward progress. In fact, gold is now 13% above October's low, and seemingly still accelerating upward. The implosion of most cryptocurrencies and persistent inflation is getting most of the credit for the advance. And, to be fair,...
Another day, another gain for gold. The price of the precious metal inched 0.77% higher on Tuesday, marking the fourth consecutive day of forward progress. In fact, gold is now 13% above October's low, and seemingly still accelerating upward. The implosion of most cryptocurrencies and persistent inflation is getting most of the credit for the advance. And, to be fair,...
— Gold has been rallying for several months and prices started the year brightly. — By Bret Kenwell, TheStreet.com Gold prices have been on a tear lately and the yellow metal is beginning the year with a bang. The SPDR Gold Trust (GLD) opened higher by 1% and climbed as much as 1.44% on the day before cooling off a...
What started out as a winning session turned into a loser on Tuesday. But, at least the bulls held the line where they had to the most. Still, the speed and span of Tuesday's intraday reversal is troubling. The rally was easily up-ended without any real news prompt making it happen. The only thing of any significance that happened was…...
What started out as a winning session turned into a loser on Tuesday. But, at least the bulls held the line where they had to the most. Still, the speed and span of Tuesday's intraday reversal is troubling. The rally was easily up-ended without any real news prompt making it happen. The only thing of any significance that happened was…...
For the fourth week in a row stocks lost ground, defying the market's tendency to rally in the week between Christmas and New Year's. From a momentum trader's perspective, this is a problem. Maybe it's just the calendar. Although we didn't see the usual Santa Claus rally to wrap up 2022, maybe it was just loss-harvesting… last-minute sells to lower...
For the fourth week in a row stocks lost ground, defying the market's tendency to rally in the week between Christmas and New Year's. From a momentum trader's perspective, this is a problem. Maybe it's just the calendar. Although we didn't see the usual Santa Claus rally to wrap up 2022, maybe it was just loss-harvesting… last-minute sells to lower...
— Netflix fell more than 75% from its all-time high but has performed well in recent months. Here's the setup for 2023. — By Bret Kenwell, TheStreet.com Netflix (NFLX) has been the surprising force of reckoning in the FAANG group. With Apple (AAPL) stock making new 52-week lows this week, the entire group has come under immense selling pressure in...
Don't jump to too firm of a conclusion just yet. As of the time of this commentary's posting, there are still about three hours left in today's trading session. Things could change for the better before the closing bell rings. As it stands mid-day on Wednesday though, the market's now taking on more water than it can likely bail out...
Don't jump to too firm of a conclusion just yet. As of the time of this commentary's posting, there are still about three hours left in today's trading session. Things could change for the better before the closing bell rings. As it stands mid-day on Wednesday though, the market's now taking on more water than it can likely bail out...
