Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort202,915106,40356,882161,475275,599421,272438,884Change from Prior Reporting Period 10,16333,8918,5142,059-24,40420,73618,001Traders17991885050273193 Small Speculators LongShortOpen Interest 47,07329,461468,345 -1,0861,64919,650 non reportable positionsChange from the previous rep...Read More
From Amazon, CVS, and AirBnB, early investment is the key to earning big.Any investor who wants to rake in big profits only really needs to know one thing:The biggest fortunes in the world right now are being made in technology.Take the following example:Amazon is now the world's third largest retailer, just behind Wal-Mart and CVS...Airbnb now offers more rooms than Hilton, InterContinental and M...Read More
"Fed is tightening into weakness and will eventually over-tighten and cause a recession""More inflation and a weaker dollar" is "the perfect environment for gold"Geopolitical shocks will return when least expected and gold will soar in flight to safetyby James Rickards for the Daily ReckoningRising interest rates are positive for goldSource: NY Fed for Fed Funds Rate, LBMA.org.uk for Gold PM f...Read More
India is proposing increases for import duties on 30 products from the United States including certain steel goods, in a tit-for-tat move against the latter's Section 232 tariffs on steel and aluminum.Flat-rolled coated steel, stainless hot-rolled steel coil, grain-oriented electrical steel, steel spring and several other structural and construction steel products will be subject to a 15% increase...Read More
Are you ready for a potential economic reset?No matter what the news says, when this bubble pops, we're going to witness the worst market crash in history. But if you know this massive reset is coming, and prepare accordingly, it could be the greatest wealth opportunity of your life.You could have the once-in-a-lifetime opportunity to build wealth that lasts not just years... but generations!Once...Read More
Gold and silver marketsentered this summer with sentiment toward the metals in something of a deepfreeze.For several months, precious metals prices have gone essentiallynowhere. No sustained rallies to attract momentum traders; no washout plungesto attract bargain hunters. The long, protracted stalemate between bulls andbears has frustrated metals investors and, frankly, bored thepublic. As a cons...Read More
Could this biotech bet bank you 1,700% profit?Contributed by Raging BullBig pharma isn't what it use to be and investors are wondering what the future holds for the Goliaths of the industry.Kyle Dennis, one of the most well known up and coming traders, saw this shift happening when others didn't. Years ago, he began to place a heavy emphasis on small-cap biotech stocks he saw enormous upside for a...Read More
The S&P and Nasdaq are on track to snap their four-week win streaksThe Dow Jones Industrial Average (DJI) is up triple digits at the halfway point, poised snap its eight-day losing streak. Investors are focusing on the Organization of the Petroleum Exporting Countries (OPEC) meeting, with reports swirling the cartel has agreed to a slimmer-than-expected increase in output. At last check, August...Read More
Fossil stock has exceeded options trader's volatility expectations over the past yearRetail stocks have been making notable move this week, including apparel concern -- and watchmaking rival to Apple (AAPL) -- Fossil Group Inc (NASDAQ:FOSL). Below we will see how FOSL has been faring on the charts, as well as to why now may be an affordable time to bet on the stock's next leg higher, per data fro...Read More
Bed Bath & Beyond has a history of negative earnings reactionsBed Bath & Beyond Inc. (NASDAQ:BBBY) is scheduled to report first-quarter earnings after the close next Wednesday, June 27. The retailer has a history of negative earnings reactions, and with BBBY trading near a trendline that's had bearish implications in the past -- it might be time to brace for the stock's next leg lower.Over the pas...Read More
MCD has pulled back this week alongside the DowThe Dow has underperformed this week, dragging several blue-chip stocks down with it. Shares of McDonald's Corporation (NYSE:MCD), for instance, are pacing toward a more than 2% weekly loss. However, the equity has now pulled back to its 320-day moving average, and previous occurrences have preceded healthy gains for MCD.According to Schaeffer's Senio...Read More
CEO Brian Krzanich announced his resignation yesterdayTech concern Intel Corporation (NASDAQ:INTC) had a rough day yesterday, after CEO Brian Krzanich unexpectedly resigned from his post following an investigation into his alleged consensual relationship with an employee. The company's board appointed Intel CFO Bob Swan as interim CEO, effective immediately. In light of the C-Suite shake-up, INT...Read More
MOH shares are on track for their fifth straight winMolina Healthcare, Inc. (NYSE:MOH) stock is up 3.6% to trade at $102.24 and earlier this morning touched a fresh a record high of $102.47, after Jefferies upgraded the Medicaid solutions provider to "buy" from "hold," while adding it to its franchise picks list. The brokerage firm called Molina's turnaround effort "value-enhancing," and a "play...Read More
The Dow is attempting to snap out of a lengthy losing streakFutures on the Dow Jones Industrial Average (DJI) are trading 130 points above fair value, with the blue-chip index looking to avoid a nine-day slump after notchingits longest losing streak in over a year. Trade tensions are on the back burner as focus remains on the Organization of the Petroleum Exporting Countries (OPEC) meeting, where...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
The company's insulin pump was approved for use in children as young as sixShares of Tandem Diabetes Care Inc (NASDAQ:TNDM) are up 20.4% in electronic trading, after the Food and Drug Administration (FDA) approved the medical device maker's insulin pump. The treatment for hypoglycemia is the first of its kind approved for use in children as young as six years old -- and now TNDM stock is set to op...Read More
CMG shares are set for a fourth straight positive weekly finishChipotle Mexican Grill, Inc. (NYSE:CMG) is set to extend its recent uptrend that was launched by the company's blowout earnings report from late April. CMG shares are 1.7% higher in electronic trading, amid news the company is testing new menu options, such as milkshakes and quesadillas, as CEO Brian Niccol continues his turnaround eff...Read More
European base prices for flat and long stainless steel products were stable this week, while market participants wait for the full range of alloy surcharges to be announced for July.Finnish stainless steelmaker Outokumpu's alloy steel surcharge for July deliveries of 2mm grade-304 cold-rolled (CR) stainless steel sheet has risen to ?,?1,647 ($1,907) per tonne, the company's website announced on Th...Read More
CloseGain/LossOn WeekGold $1270.20+$2.80-0.80%Silver$16.46+$0.15-0.78%XAU82.00+1.36%-0.70%HUI176.93+1.33%-0.53%GDM618.81+1.50%-0.25%JSE Gold1066.58-2.36+1.71%USD94.55-0.27-0.23%Euro116.63+0.51+0.47%Yen91.13+0.01+0.77%Oil$68.58+$3.04+5.41%10-Year2.895%UNCH-1.03%Bond144.00+0.03125-0.37%Dow24580.89+0.49%-2.03%Nasdaq7692.82-0.26%-0.69%S&P2754.88+0.19%-0.88% The Metals: Gold g...Read More
CloseGain/LossOn WeekGold $1270.20+$2.80-0.80%Silver$16.46+$0.15-0.78%XAU82.00+1.36%-0.70%HUI176.93+1.33%-0.53%GDM618.81+1.50%-0.25%JSE Gold1066.58-2.36+1.71%USD94.55-0.27-0.23%Euro116.63+0.51+0.47%Yen91.13+0.01+0.77%Oil$68.58+$3.04+5.41%10-Year2.895%UNCH-1.03%Bond144.00+0.03125-0.37%Dow24580.89+0.49%-2.03%Nasdaq7692.82-0.26%-0.69%S&P2754.88+0.19%-0.88% The Metals: Gold g...Read More