Both AAL and DAL options can be had for a bargain right nowOil prices are skyrocketing amid escalating tensions between the U.S and Iran. Travel stocks -- and more specifically, airline stocks -- are thusexposed to both surging oil prices and geopolitical tensions. This has American Airlines Group Inc (NASDAQ:AAL) and Delta Air Lines, Inc. (NYSE:DAL) both swimming in red ink this morning, and op...Read More
Gold miners' stocks blasted higher this past week, breaking out of their correction downtrend. Rapidly-improving psychology fueled such strong upside momentum that sector benchmarks are challenging months-old upleg highs. Most traders assume this is righteous, that gold stocks' next upleg is starting to accelerate. But key indicators argue the contrarian side, that this breakout surge is...Read More
The Gold rally we predicted to happen inlate 2018 took place, almost perfectly, based on our ADL predictive modelingsystems results. This rally took placein May through September 2019 and pushed Gold up to levels near $1600. Therest of the year, Gold consolidated near $1500 as a strong US Stock Marketrally took hold in Q4 of 2019. Ouroriginal prediction was that Gold would r...Read More
Clive MaundAs we approach the end of the year, and of the decade, it is important to have something positive to look forward to. Exactly a hundred years ago, towards the end of 1919, Hitler was able to look forward to becoming the leader of the Third Reich, while our aspirations are somewhat more modest and include having a powerful bullmarket in copper to capitalize upon.There are a number of c...Read More
By: Avi GilburtOriginally published on Sat Dec 28 for members of ElliottWaveTrader.net: When I peruse the comments on our Elliottwavetrader site alone, I am seeing a myriad of "beliefs" as to what the metals are doing and will be doing. Most of such beliefs seem to be driven by feelings, and quite a number of them have been fighting this metals rally. Yet, some are even driven by various...Read More
HUM stock rallied into 2020Humana Inc (NYSE:HUM) shares were a beneficiary of the year-end rally to 2019, as the stock has jumped sharply since its October lows near $250 to Thursday's settlement of $363.24. Analysts at J.P. Morgan Securities are expecting more upside, too, this morning raising the firm's price target on HUM to $448 from $437. As a result, the security is basically flat out of the...Read More
Chances of a war with Iran has resulted in gold and silver rising today. Crude oil has also risen on supply disruptions from Iraq. Only profit taking (before the weekend) can result in a crash or correction in gold and silver. However gold and silver do not correct then chances of $1575 and $1888 will be very high today. A weaker US dollar is also aiding the rise in gold and silver. Big economic...Read More
Although oil bullsmanaged to push the futures higher and broke above the upper border of therising green trend channel during yesterday’s session, Monday’s upswing turnedout only temporary. Earlier today, crudeoil futures opened the day with the bearish pink gap, invalidating yesterday’s breakout above the channel. This bearishdevelopment triggered further deterioration in the f...Read More
The Dow is set for a triple-digit decline at the openDow Jones Industrial Average (DJI) futures are signaling a negative start to the session, as caution sets in following the U.S. airstrikes in Iran that killed top military leader Gen. Qasem Soleimani. Oil prices, on the other hand, are on the rise; February crude futures are up 3.5% to $63.34 per barrel, with major energy stocks set to outperfor...Read More
The King is dead, long live the King - 2019 is over,long live the 2020! As tumultuous as they have been, what have we learned aboutthe gold market in the past twelve months? And what can we glean from this knowledgefor the times ahead?Key LessonsFor Gold Investors from 2019Today is the last day of2019. It was a good year for the gold bulls, as one can clearly see in thechart below. The price of th...Read More
US imports of steel products might have surged in December 2019, according to an advance indicator of offshore arrivals.But attempts to draw firm conclusions from import license figures - which have differed from final Census volumes in recent months - might be premature, government data, comments from an International Trade Administration (ITA) spokesperson and calculations by Fastmarke...Read More
Fastmarkets takes a look at what to watch out for in the hot-rolled coil market in the United States in 2020 after another year of volatility and surprises in 2019.After a generally profitable 2018 for the US steel industry, 2019 proved more challenging, with major domestic steel producers posting significant year-on-year losses amid atypical buying and holding patterns."I think 2019 is a hangover...Read More
Tan Viet Quang Co Ltd began construction of a stainless steel plant in central Vietnam's Quang Tri province in late December. The company will invest 1.6 trillion Dong ($69 million) in the project, which will be able...Read More
Gold miners' stocks blasted higher this past week, breaking out of their correction downtrend. Rapidly-improving psychology fueled such strong upside momentum that sector benchmarks are challenging months-old upleg highs. Most traders assume this is righteous, that gold stocks' next upleg is starting to accelerate. But key indicators argue the contrarian side, that this breakout surge is...Read More
Clive MaundAs we approach the end of the year, and of the decade, it is important to have something positive to look forward to. Exactly a hundred years ago, towards the end of 1919, Hitler was able to look forward to becoming the leader of the Third Reich, while our aspirations are somewhat more modest and include having a powerful bullmarket in copper to capitalize upon.There are a number of c...Read More
By: Avi GilburtOriginally published on Sat Dec 28 for members of ElliottWaveTrader.net: When I peruse the comments on our Elliottwavetrader site alone, I am seeing a myriad of "beliefs" as to what the metals are doing and will be doing. Most of such beliefs seem to be driven by feelings, and quite a number of them have been fighting this metals rally. Yet, some are even driven by various...Read More
Chances of a war with Iran has resulted in gold and silver rising today. Crude oil has also risen on supply disruptions from Iraq. Only profit taking (before the weekend) can result in a crash or correction in gold and silver. However gold and silver do not correct then chances of $1575 and $1888 will be very high today. A weaker US dollar is also aiding the rise in gold and silver. Big economic...Read More
US imports of steel products might have surged in December 2019, according to an advance indicator of offshore arrivals.But attempts to draw firm conclusions from import license figures - which have differed from final Census volumes in recent months - might be premature, government data, comments from an International Trade Administration (ITA) spokesperson and calculations by Fastmarke...Read More
An overview of the minor metals markets andthe reasons for any price moves.Read More
The three-month nickel price on the London Metal Exchange was lower at the close of trading on Friday January 3, settling at its lowest level since December 10 last year amid a steady uptick in inventories, while tin futures also suffered over the afternoon to close at a monthly low.Nickel's underlying price on the LME closed at $13,755 per tonne on Friday afternoon, showing a 3.3% downturn agains...Read More