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On September 28, 2018, we published our annual S&D report on Seeking Alpha for the gold market. In that report, the Variable Changing Price Momentum Indicator (VC PMI) annual price indicator anticipated, as the report was written with gold closing at $1,196, a Sell (S1) level of $1,336 t...
Precious metals prices have been moving in a wide trading range over the recent sessions as the market continues to digest the rallied that occurred over the summer. Wider trading ranges offer opportunities for traders to capture the ups and downs of the market. However, the evidence continues...
By Mike Gleason Coming up, Michael Pento of Pento Portfolio Strategies joins me for another top-flight interview as we discuss some major stresses in the financial system that are going to result in some serious issues in the economy. He also talks about the trade summit happening next m...
Gold has been one of the best-performing assets of 2019, but it had to wait until almost halfway through the year to climb above its critical technical resistance level. In July 2016, in the aftermath of the shock of the Brexit referendum, the price of gold rallied to a high at $1377.50. The...
The knee-jerk reaction to the most recent Fed meeting took the price of gold lower and below the $1500 level on the nearby December COMEX futures contract. At its September 18 meeting, the US central bank lowered the short-term Fed Funds rate by 25 basis points. The move was the second since J...
Something happened in the credit market this week. A Barron's article about it began: "There have been disruptions in the plumbing of U.S. markets this week. While the process of fixing them was bumpy, it was more of a technical mishap than a cause for investor concern." Keep Calm and ...
We knew it was coming… The correction in the precious metals we talked about in our last blog post is now a reality. As we mentioned in our last post, we believe these corrections are healthy. Old resistance for silver at $17.50 per ounce is now support. Ditto for old resistance at $1...
Gold: Looking Forward If we look at the weekly indicators, the market after the Fed rate-cut announcement collapsed to make a low of $1490.70. The price came right into a major daily buy signal and did not quite come down to the weekly B1 level of $1484. It found very strong support or deman...
The Federal Reserve’s endless machinations really affect the gold price, sometimes confounding traders with seeming illogicalness. This week the Fed cut rates again, which has really boosted gold in the past. Yet it plunged 1.7% in less than an hour after this latest decision! While gol...
In a previous article , I explained that the yield curve would revert to positive territory when the Treasury runs out of money in September 2019. That prediction is slowly coming to fruition. Earlier this week, the repo market showed symptoms of liquidity problems where the Federal Reserve...
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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...