There's room for more upbeat analyst attention, thoughIt's been an outstanding run for Apple Inc. (NASDAQ:AAPL) stock, with the shares nabbing positive closes in eight of the last nine sessions. AAPL is poised for another daily gain -- up 1.9% to trade at $191.79, the best Dow stock so far -- after more bullish analysts chimed in on the FAANG stock as buzz around the Apple video streaming service...Read More
The Olive Garden parent reported a third-quarter earnings and revenue beatThe shares ofDarden Restaurants Inc (NYSE:DRI) are up 4.1% at $113.05 in early trading after this morning's fiscal third-quarter earnings report exceeded analysts' expectations on the top and bottom line. The company also lifted its full-year profit guidance. CEO Gene Lee cited strong sales in its Olive Garden and Longhorn...Read More
With the UUP ( US Dollar ETF) having a fairly large decline today lets update a few charts to see how they've been progressing. Back in August of last year the UUP began to build out a rising wedge formation with today's price action completing the fourth reversal point when the UUP traded down to the bottom trendline. Sometimes when a stock fails to touch the top rail in a well defined pattern...Read More
By: IRA EPSTEINGold over the 18-DMA on settlement, upper Bollinger band around $1,330 and falling. Momentum is not overbought..Read More
Charles Nenner & Chris Waltzek Ph.D. - March 20th, 2019.** * Mp3 file.HighlightsHailing from sunny Miami Florida, home of the exotic Miami beach,Charles Nenner rejoins the show. Our guest outlines proprietary market model entries / exits including gold that could eventually ascend to $2,500 Adding support for the bullish case for PMs / commodities, the Euro could remain strong relative to...Read More
Jewelry has been an integral aspect of human civilization for centuries, but it was the discovery and subsequent spread of precious metals and gemstones which really changed the game.In today's infographic from Men?", we visualize how the uses and symbolism of jewelry have evolved across time and space to become the industry we're familiar with today.Antique, Yet AgelessThere isn't a single co...Read More
Nickel's three-month price on the London Metal Exchange fell by more than 3% at the close of trading on Thursday March 21, with risk-averse United States investment prompting a sharp sell-off across the complex while participants question details of the recent US Federal Reserve policy meeting. Falling the furthest over the afternoon, nickel futures dropped a total of $470 per tonne to close below...Read More
By Daniel R. Amerman, CFAIn a previous analysis we examined how to create a 21% yield, as the incidental byproduct of the Fed's plans for the cyclical containment of recession.In this analysis, we will deepen that examination and visually illustrate the financial mathematics that would create a potential 48% yield from what the Federal Reserve plans to do in the event of another recession.This a...Read More
In recent weeks we noted the bullish outlook for the stock market. Friday the S&P 500 as well as ACWX (global equity ETF ex US stocks) closed above resistance and made higher highs. Not surprisingly, as US and global equities have avoided a bear market (for the time being), precious metals have weakened. It’s not a surprise that as Gold failed to breakout both the S&P 500 and global...Read More
President Trump has said China tariffs could remain in place for a "substantial period of time"Dow Jones Industrial Average (DJI) futures are pointed sharply lower this morning, after Wednesday's Fed announcement sparked concern over a slowing global economy. U.S.-China trade uncertainty is also keeping markets on edge, after President Donald Trump said yesterday tariffs on Chinese goods could re...Read More
Stocks whoopee-cushioned on word from the Fed that tightening is unlikely for the remainder of the year. "Interest rate increases could be on hold indefinitely," Powell said. "It may be some time before the outlook for jobs and inflation calls clearly for a change in policy." Although the stock market's obligatory headless-chicken dance ended with the broad averages largely unchanged, it's surpr...Read More
COLORADO SPRINGS, March 20, 2019 (GLOBE NEWSWIRE) Gold Resource Corporation (NYSE American: GORO) (the "Company") today announced the successful power line connection of its El Aguila Project in Oaxaca, Mexico to the Federal Electricity Commission's (Comisi?n Federal de Electricidad or CFE) power grid. Prior to this connection, the Aguila Project operated 100% from electricity generated fro...Read More
Yesterday was SCS' worst day in more than 3 yearsOffice furniture firm Steelcase Inc. (NYSE:SCS) saw its stock price crash 13.6% Wednesday, its worst single-day performance in over three years, after the company issued a cautious guidance due to slowing growth in international markets, which could eat into margins. However, analysts at Raymond James felt that Steelcase's fourth-quarter results wer...Read More
The price for billet imported into Turkey remained stable in the past week despite the demand for import material showing some revival, sources told Fastmarkets on Thursday March 21.Fastmarkets' weekly price assessment for billet imported into Turkey was at $450-470 per tonne cfr on March 21, unchanged week on week.Suppliers in the Commonwealth of Independent States (CIS) region were offering bill...Read More
Here are five Fastmarkets MB stories you might have missed on Thursday March 21 that are worth another look.Non-ferrous scrap market participants in the United States are bracing for massive trade disruptions as a result of impending Chinese import restrictions - and a rumored quota system - set to take effect on Monday July 1. The use of Fastmarkets MB's iron ore indices in physical contract...Read More
Alacer is not a value play anymore, it is more of an exploration play now.What the market didn't see last year was positive growth. What the market is missing now might be a negative in the form of future lower ore grades.However, there are still 3 catalysts that could push the stock price higher.In 2018 I did a comprehensive analysis of gold miners, I spent more than a month on them and deepl...Read More
Nickel's three-month price on the London Metal Exchange fell by more than 3% at the close of trading on Thursday March 21, with risk-averse United States investment prompting a sharp sell-off across the complex while participants question details of the recent US Federal Reserve policy meeting. Falling the furthest over the afternoon, nickel futures dropped a total of $470 per tonne to close below...Read More
Dear Fellow Star-Gazers, Happy Full Moon and Happy Equinox! That these celestial events coincide is significant: indicating an emotional change of seasons and craving for fresh direction. Chiron conjoins the Sun within twenty four hours of the Equinox: a coincidence that suggested that this was going to be an important period for the world, - with crisis and chaos likely to be much-used...Read More
Comex copper prices sprang upward in morning trading on Thursday March 21 amid a dovish tone from the Federal Reserve, easing speculation of a near-term rate hike. The copper price for May settlement on the Comex division of the New York Mercantile Exchange gained 0.65 cents to $2.9275 per lb. As anticipated by the overall marketplace, the US Fed decided not to lift rates and signaled that they ex...Read More
XAUUSD, Daily Gold Futures rallied sharply following the uber-dovish FOMC outcome on Wednesday, seeing prices rally from under $1,300 to 3-week highs of $1,320.20 in London morning trade. Gold’s advance came as the Fed called off further rate hikes this year, resulting in a sharply lower Dollar, and lower Treasury yields, both Gold positives. Since then, a modest Dollar recovery has seen G...Read More