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After a sizzling summer rally which saw gold stocks soar by an average of 35% over a three-month period, mining shares are finally experiencing a “correction.” In the last few days, gold mining stocks have declined sharply as investors book profits in the wake of short-covering i...
Currencies Japanese Yen - The Japanese Yen’s decline triggered a momentum-based short sale under .9425. Commercial traders were once again heavy sellers in the Yen. Our short sale is protected with a buy stop at .9647. First support is around .9230. The bigger question is, “W...
The Fed's dovish pivot may have precipitated a historic rise in equities, but history suggests that a slowing economy and inversion of the yield curve are likely a portent of a stock market correction. In lieu of contracting manufacturing PMI levels, less aggregate capital expenditures, and sl...
Germany has recently joined Switzerland in the dubious All Negative Club. The interest rate on every government bond, from short to 30 years, is now negative. Many would say "congratulations," in the belief that this proves their credit risk is... well... umm... negative(?) And anyway, it will...
For the 2020 fiscal year, the federal budget deficit is expected to hit a massive $1 trillion - the first time in U.S. history that it will have expanded so rapidly in a time of peace and prosperity. The most recent estimate by the Congressional Budget Office puts total federal debt at a who...
Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Later in today’s program, we’ll hear a fascinating interview with Greg Weldon of Weldon Financial. Greg breaks down the recent move in silver, a move off of a breakout point he called spot on on this pr...
As we look at the previous metals markets, I wanted to use the Variable Changing Price Momentum Indicator (VC PMI) to the markets and see what it's telling us for next week. In our Seeking Alpha reports, we have been saying that in gold we see supply coming into the market or sellers in the ...
China has added nearly 100 tons of gold to its reserves since it resumed buying in December, as government purchases accumulate bullion to help diversify their reserves amid a rally in prices and the drag of the trade war with the U.S. More news on: SPDR Gold Trust ETF, VanEck Vectors Go...
Gold has been in a bull market since the early 2000s. In 1980, the yellow metal reached a high at $875 per ounce. In early 2008, the price moved above that level for the first time. In 2011, it reached its peak at $1920.70 per ounce in dollar terms before a correction took the price to a low a...
Originally published September 5, 2019 The stock market is rallying and precious metals are correcting sharply today. The prevailing trade is risk-on once again. The prevailing trade is risk-on once again. The main driver is news that the U.S. and China said they would hold talks in Washin...
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A look at the top 10 most actives in the United States Crown Electrokinetics Corp. (CRKN) rose 37.1% to $0.2344 on volume of 300,511,226 shares Faraday Future Intelligent Electric Inc. (FFIE) rose 78.2% to $1.835 on volume of 218,102,513 shares Greenwave Technology Solutions Inc. (GWAV) r...
2024-05-07 16:18:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-03-28 07:42:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...