Silver Speculators Stand Firm Despite Poor Price Action
Last week I registered my surprise at silver speculators rushing to increase net long contracts to near multi-year highs. This move happened ahead of what was expected to be a parade of Fed-speak clearing the path for a March rate hike. The surge stood out even more given gold’s surge did not bring net long contracts anywhere […]
Charts Show Gold & Silver Prices Locked In A Sideways Move
The charts, for us, are the best framework for depicting where price is headed, or not headed, for PMs. Eventually, there will be a breakout, but no time soon, as the charts below so clearly illustrate. Written by Michael Noonan (edgetraderplus.com) Gold: Weekly Chart If you look at the weekly chart, it inescapably says price remains locked […]
When To Buy Gold Mining Stocks In 2017?
Is this a time to buy gold mining stocks? Or should gold miners be considered later in 2017 or even in 2018? Contrary to the overly bullish sentiment of January, we now observe a diverse sentiment. This author on Yahoo Finance for instance remains bullish and believes gold mining stocks are a buy in 2017. However, this […]
When The Moon Hits Your Eye So You Capitalize
When the moon is full, the gravitational pull of the moon and sun are combined. Hence, the full moon exerts a powerful pull on the Earth. The “lunar effect” whether real or imaginary, has no scientific evidence to back the claim of its impact on animals, humans and/or the stock market. Regardless, reports of increased […]
E Pivotal Week Ahead
Next week is shaping up to be pivotal. The previous Fed rate hikes were positive for precious metals. However, they were greatly anticipated and spaced 12-months apart. Effectively it became a “sell the rumor and buy the news type event.” Gold traded lower before each rate hike, and the technicals were oversold. Prices bottomed within […]
Retro Shoe Trend Playing Into Puma’s Favor
Recent trends shifting toward retro styles in the shoe industry have greatly benefitted Puma AG Rudolf Dassler Sport. With its extensive portfolio of classic styles, shares have appreciated over 50 percent in the last year. Compare this to Nike Inc, which has been over-indexed in basketball and performance styles — two categories that have been underperforming recently. As a […]
Restaurant Sales And Traffic Tumble
There appeared to be a glimmer of hope for the restaurant industry last month, when BlackBox Intelligence’s TDn2K titled its most recent Restaurant Industry Snapshot: “Flat Sales, Welcome Change for Restaurant Industry in January.” In the report, it said that “while same-store sales growth was flat (zero percent) in January, it represented a welcome break […]
Above The 40 – A Stock Market Redressing Itself For A Meeting With The Fed
AT40 = 42.1% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 59.1% of stocks are trading above their respective 200DMAsVIX = 11.7 (volatility index)Short-term Trading Call: neutral Commentary The bear-bull fight is still a close call. The February U.S. jobs report catalyzed the next swing in the stock market’s bear-bull knife fight. I noted in my […]
SEC Rejects Winklevoss Bitcoin Trust ETF Application For Listing
On Friday, the Securities and Exchange Commission officially rejected the application to bring the Winklevoss Bitcoin Trust ETF (COIN) to market (as expected according to a prior article. Written by ETFdailynews.com The story of Bitcoin in an ETF wrapper doesn’t end there as at least two other issuers have pending proposals to bring their own […]
Hiddenburg? Maybe Not
The markets liked the payrolls data released Friday which reversed the steady declines (after the initial pop following Trump’s Congressional address), closing the week down .42% for the S&P 500. Moments after the jobs data was released, White House Press Secretary Spicer immediately tweeted that things were great. During the election, Trump stated that the […]
