The VIX is moving higher todayThe Dow Jones Industrial Average (DJI) is modestly lower today, as traders take a wait-and-see approach ahead of this week's Fed meeting. Headlines around a U.S.-China trade deal are also in focus, with the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) last seen lingering near breakeven as well. Despite the tepid price action, a sharp move higher in the Cboe Volatil...Read More
Short interest on Activision Blizzard is at a 3-year highVideo game stock Activision Blizzard, Inc. (NASDAQ:ATVI) has managed to post a roughly 19% year-to-date gain, despite spending most of the year moving sideways, with most of the gains coming from a late-August rise. Since then, the shares have been mostly trading around the $55 area, while an earnings pullback a month ago found strong suppor...Read More
TJX has added more than 30% in 2019Shares of TJX Companies Inc (NYSE:TJX) are up 0.4% at $60.07 this morning, buzzing off a fresh price-target hike out of Cowen and Company to $71 from $64. Analyst John Kernan said the TJ Maxx parent's "impressive" new store format shows better enhancements to the consumer experience, including lighting, flooring, and shelving, with 400 stores to debut in the co...Read More
The Fed will kick off its two-day meeting tomorrowAfter markets made a frenzied push higher on Friday, stock futures appear unable to carry over the momentum into the new week. Dow Jones Industrial Average (DJI),S&P 500 Index (SPX), and Nasdaq-100 Index (NDX) futures are all signaling negative opens, as focus shifts back to the U.S.-China trade talks ahead of the Dec. 15 deadline for the Trump a...Read More
U.S.-China trade headlines sparked a surge in Wall Street's "fear gauge" last week"...this VIX floor in the 12 region poses upside volatility risk, which equity market bulls should continue to take into account. A potential bullish scenario is the VIX continuing to work higher amid little to no damage in the equity market, giving it room to work its way lower back to 12 amid a breakout from a rang...Read More
Technical analysis update forthe SPDR Gold Shares ETF (GLD).Long-term bullish continuationanticipated once current correction is completed.Looks like a deeper retracementmay come in the near-term, before resumption of the rally. Long-term breakoutFollowing the August 2018 swing low of $111.06, GLDrallied 32.2% to the September 2019 high of $146.82. That rally foundresistance in the area of Fibonac...Read More
NEWS &VIEWSForecasts, Commentary & Analysis on the Economy and Precious MetalsCelebrating our 46th year in the gold businessDecember 2019"Gold is set to join the all-time-highs club." - Mike McGlone, Bloomberg IntelligenceWhat we said then. What we say now.Michael J. Kosares, USA Gold- REVIEW & OUTLOOK -January 2019 headline article -Will 2019 be the year of the big breakout for gold?WHAT WE S...Read More
By: Ira EpsteinGold's monthly momentum turning down. At the moment stepped out of the uptrend, but a bullish crossover..Read More
Look at US economy in totality and not just the job creation. Job creation has to be supported by other factors like consumer spending, confidence among other factors. Christmas and early January is a global cyclical period of high consumption and hence higher jobs. US job market and global jobs market on or from February of next year will be the key. December-January trend in global jobs market...Read More
Brazilian vehicle production decreased by 7.1% year on year in November, according to figures released by national automotive association Anfavea.Vehicle output totaled 227,455 units, compared with 244,771 units in November 2018 and 288,519 units in October. Exports totaled 31,734 units last month, a 7.9% decrease from 34,441 units in November 2018. ...Read More
China's finished steel exports decreased on a year-on-year basis in November, according preliminary Chinese customs data released on Sunday December 8.November exports: 4.56 million tonnes...Read More
Tomasz Wi?>niewski9 hours ago (Dec 09, 2019 3:47 PM GMT)In the long-term, gold is still on the positive side of the market though. The price is locked inside of the wedge formation, which is promoting the breakout to the upside. Especially as long as we stay above the major support on the 1380 USD/oz. In the shorter term, situation here is negative. The price bounced from the 1480 USD/oz resistanc...Read More
- Dave KranzlerPressures are already building on the financial stability front that will make the next economic downturn messier than anticipated." - Bill Dudley, former President of the NY FedI get irritated when I see mainstream media and alternative mainstream media parroting the propaganda used to cover up the truth. This morning Zerohedge echo'd the "corporate tax payments liquidity sq...Read More
StrengthsThe best performing metal this week was palladium, up 2.04 percent as hedge funds increased their net-long position in the futures market to a five-week high. Gold traders and analysts are mostly bullish going into next week in the Bloomberg survey amid mixed signals over progress in the U.S.-China trade war. The yellow metal climbed sharply early in the week after President Trump sai...Read More
NEWS &VIEWSForecasts, Commentary & Analysis on the Economy and Precious MetalsCelebrating our 46th year in the gold businessDecember 2019"Gold is set to join the all-time-highs club." - Mike McGlone, Bloomberg IntelligenceWhat we said then. What we say now.Michael J. Kosares, USA Gold- REVIEW & OUTLOOK -January 2019 headline article -Will 2019 be the year of the big breakout for gold?WHAT WE S...Read More
"There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose."What the heck did John Maynard Keynes mean by saying this? Overturning the existing basis of society?! Let's begin by sta...Read More
By: Ira EpsteinGold's monthly momentum turning down. At the moment stepped out of the uptrend, but a bullish crossover..Read More
Look at US economy in totality and not just the job creation. Job creation has to be supported by other factors like consumer spending, confidence among other factors. Christmas and early January is a global cyclical period of high consumption and hence higher jobs. US job market and global jobs market on or from February of next year will be the key. December-January trend in global jobs market...Read More
Stable Prices, SometimesDeaths of DespairRadical SolutionsIt's All Relative...Angst-Ridden VotersAccording to the dictionary, the word angst refers to "a feeling of deep anxiety or dread, typically an unfocused one about the human condition or the state of the world in general." It comes from a German word for "fear."Two weeks ago I referred back to my 2017 Angst in America series. "Deep anx...Read More
Tender price cuts by leading stainless steel mills in China have prompted lower spot prices for ferro-chrome and chrome ore.Tender price cuts by leading stainless steel mills in China have prompted lower spot prices for ferro-chrome and chrome ore. Alloy markets weaken following tender price cuts Chrome ore prices track alloy prices lower Alloy prices down in South Korea, Japan European alloy pric...Read More