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Dr. Copper's diagnosis: a strong recovery

As stocks have slipped lower over the last three months, copper has bucked the broad trend and broken the pattern of lower highs and lower lows it set in the spring. After bottoming on June 7, the iPath Dow Jones-UBS Copper Subindex Total Return ETN - which closel...

Feeling the Pulse Reveals Brand New Opportunities in Currencies

Don’t be deceived by the lack of sizable moves in the currencies. They just want to lull you to sleep as they set sail on their next moves. By then, it could be too late to catch them. Doing so would certainly expose you to more risk while decreasing the potent...

Oil & Gas Services Firm's Q2/19 a Beat, Domestic Headwinds Ahead

A Raymond James report indicates how it expects market conditions to affect margins of this Texas-based company in H2/19. In a July 22 research note, analyst Praveen Narra reported that Raymond James lowered its target price on Halliburton Co. (HAL:NYSE) t...

Gold Bulls Must Love the Hong Kong Protests

It appears that the two steps forward, one step backwards approach of mainland China isn’t working as Hong Kong citizens are protesting again. The increasingly violent protests have plunged Chinese-ruled Hong Kong into its most serious crisis in decades, and th...

Fed Cuts Rates, Causing Gold to See-Saw

Yesterday, that was already the third time this year when the Fed cut interest rates. In response, the price of gold erased earlier losses. That sounds a bit fishy. What is going on? Fed Lowers Interest Rates by 25 Basis Points Yesterday, the FOMC published the monet...

Gold Set to Test $1,700 Resistance as U.S. Yields Fall to Record Lows

I don’t know about you, but I never thought I’d see the day when the yield on the 30-year Treasury bond dipped below 2 percent, let alone 1.8 percent. And yet that’s precisely what happened on Tuesday as investors weighe...

Will Powell Decouple Gold from the Stock Market?

This week, Powell gave a long television interview and a testimony to the Senate. What groundbreaking did he say, and what do his remarks imply for the gold market? Powell Gives Interview and Testifies Powell dominated media news this week. On Sunday, the Fed Chair gave...

Surface Oncology Shares Trade Up 40% on Phase1 Study Plans for SRF617 Combined with Merck's KEYTRUDA

Shares of Surface Oncology set a new 52-week high price after the company reported that it is partnering with Merck & Co. in an immuno-oncology study of SRF617, targeting CD39 in combination with KEYTRUDA® (pembrolizumab) in solid tumor patients. Clinical-...

The Credit Markets Gave Their Nod to the S&P 500 Upswing

Yesterday’s session did away with the non-confirmation of last week’s reversal from the 50% Fibonacci retracement. Junk corporate bonds lent their support to the stock upswing, and the S&P 500 closed above the 61.8% Fibonacci retracement. Will t...

Is the Waterfall in S&P 500 Over Now?

After Thursday's blood bath, Friday's recovery fizzled out, new weekly lows were made and as well rejected – where next in this correction? Given the preceding momentum, I would look for some more down-to-sideways action before the upswing reasserts itself. Despite the late-Fr...
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