By: Ira EpsteinGold trend turns up if it gets above $1,503. 18 day moving average also at $1,503 area, important resistance area to get above for the gold markets to turn into a more bullish bias:Read More

By: Rick Ackerman, Rick's PicksI like gold here, but I'd like it even more a somewhat lower levels. How much lower? Here are two charts to judge, including one in GLD for those of you who don't trade futures.www.RickAckerman.comRead More

Guggenheim just upped its price target on Domino's Pizza to $310Domino's Pizza, Inc. (NYSE:DPZ) is inching lower, despite a price-target hike from Guggenheim. The analyst lifted its price estimate to $310 from $280 -- a roughly 21% premium to last night's close -- and named the pizza chain its "best idea" in the restaurant space. The broker added that the stock maintains "superior value" despite t...Read More

STX stock has put in a strong performance in 2019Seagate Technology PLC (NASDAQ:STX) stock rallied hard off its early August lows near $42, eventually topping out at an annual high of $57.20 on Sept. 18. The shares have since consolidated some of these gains, but are trading near a trendline that's had bullish implications in the past -- suggesting a rally to new highs could be on the short-term h...Read More

The FDA found traces of asbestos in the company's baby powder productJohnson & Johnson (NYSE:JNJ) is the worst stock on the Dow this morning -- down 3.4% at $131.61, after the consumer products giant recalled a single lot of Baby Powder in the U.S. after the Food and Drug Administration (FDA) found traces of asbestos in a tested sample. This is the latest in a string of talc-related headaches for...Read More

An overview of the noble alloys markets and their latest price moves. Read More

SFIX has staged an impressive rebound in OctoberDigital styling name Stitch Fix Inc (NASDAQ:SFIX) is on its way higher this morning, fresh off a bull note out of Telsey Advisory Group. The brokerage firm initiated coverage with an "outperform" rating and $29 price target, saying Stitch Fix's retail and tech strength made it an easy pick. In response, SFIX stock is up 1% at $23.64, at last check.S...Read More

UK and mainland European alloy steel scrap prices fell in the week to Friday October 18, due to the decline in nickel costs and limited trading activity, sources told Fastmarkets this week.Fastmarkets' weekly price assessment for stainless steel scrap 18/8 solids, domestic, delivered merchants UK, was ?760-800 ($879-925) per tonne on October 18, down by ?20 per tonne from ?780-820 per tonne."De...Read More

Option traders could be betting on a breakout Tandem Diabetes Care Inc (NASDAQ:TNDM) has essentially been moving sideways on the charts since February, trading in a tight range around the $60 level with the $55 region serving as support during a few brief pullbacks. This treading has let the closely watched 200-day moving average catch up to the shares, and it's served as a notable floor in the pa...Read More

KO calls were popular in recent daysNear the top of the Dow today sits The Coca-Cola Co (NYSE:KO), up 1.9% to trade at $54.79. This comes after the beverage giant reported third-quarter adjusted earnings of 56 cents, on revenue of $9.5 billion, the latter of which topped the consensus estimate $9.4 billion. The company also upped its full-year guidance, citing increased demand for zero-sugar sodas...Read More

The price of stainless steel cold-rolled sheet in Europe has decreased over the past week under pressure from slow trading, Fastmarkets heard on Friday October 18.Fastmarkets' price assessment for stainless steel cold-rolled sheet, 2mm, grade-304, transaction domestic, delivered North Europe, was ?,?2,300-2,350 ($2,554-2,609) per tonne on October 18, down by ?,?50 per tonne week on week from ?,?2,...Read More

The brokerage firm said share repurchases likely won't offset downside risksMorgan Stanley downgraded Caterpillar Inc. (NYSE:CAT) to "equal weight" from "overweight," and cut its price target to $145 from $150, citing "increasing downside risks" to several of the company's key segments, including construction, energy and transportation. The brokerage firm also expressed concern over swollen dealer...Read More

The apparel company cut its sales forecast for 2019Canada-based apparel manufacturer Gildan Activewear Inc (NYSE:GIL) is eyeing its biggest one-day dip in over 10 years today, down 33.6% at $23.50, after the firm announced its preliminary third-quarter results, projecting a weaker-than-expected full-year sales outlook, and a drop for its third-quarter. The forecast has knocked Gildan to the bottom...Read More

Earnings from American Express and Coca-Cola are in focusDow Jones Industrial Average (DJI) futures are trading modestly above fair value this morning, as Wall Street considers the latest batch of corporate earnings. This morning it's blue chips American Express (AXP) and Coca-Cola (KO) grabbing the attention, with both stocks rising in pre-market trading thanks to upbeat quarterly results. Holdin...Read More

Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 319,37066,34357,254167,700455,975544,324579,572 Change from Prior Reporting Period -15,0137,5233,953-55-22,722-11,115-11,246 Traders 19782875451278195 Small Speculators LongShortOpen Interest 63,06327,815607,387 1,5451,676-9,570 non report...Read More

The gold miners are likely to report blowout profits in this spinning-up Q3'19 earnings season. Higher production, stable costs, and much-higher gold prices should combine for some super-impressive results. That's going to leave the still-undervalued gold miners much more attractive fundamentally, supporting bigger capital inflows and much-higher stock prices. Q3 should prove the gold mi...Read More

Metals investors are positioning themselves for rapidly developing political and geopolitical events, as well as a rapidly expanding Federal Reserve balance sheet. What started out as a limited intervention to provide temporary liquidity to overnight lending markets has morphed into a massive $60-billion-per-month Treasury-buying campaign. By some measures, it's even bigger than the last Quant...Read More

Dave KranzlerLast week the Fed announced that it was going to start buying $60 billion in T-Bills per month at least into Q2 2020. The Fed will also rollover the proceeds as the T-Bill's mature. The rationale was to address the decline in the "non-reserve" liabilities of the Fed. So what are "non-reserve" liabilities? Federal Reserve Notes.The directive as written was "Fed Speak" which mea...Read More

By: Ira EpsteinGold trend turns up if it gets above $1,503. 18 day moving average also at $1,503 area, important resistance area to get above for the gold markets to turn into a more bullish bias:Read More

By: Rick Ackerman, Rick's PicksI like gold here, but I'd like it even more a somewhat lower levels. How much lower? Here are two charts to judge, including one in GLD for those of you who don't trade futures.www.RickAckerman.comRead More