Gold has broken out from a two-month-long consolidation (from $1680 to $1770), but the other precious metals markets have not confirmed Gold's strength. The gold stocks (GDX, GDXJ) remain below their May highs while Silver remains below significant, multi-year resistance ...
Jordan Roy-Byrne, CMT
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June 30, 2020
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As I pen this article, Gold is set to close the month and the quarter above $1400/oz and is holding the majority of its recent gains. That does not necessitate continued strength but it is a good sign. The technicals and fundamentals are finally in place for Gold. It i...
Jordan Roy-Byrne, CMT
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July 2, 2019
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Gold and gold stocks especially continue to shrug off bits and pieces of bad news. No escalation in the trade war? The selloff lasted one day and the sector rebounded strongly the following day. Strong headline jobs number? Again, the weakness was a buying opportunity....
Jordan Roy-Byrne, CMT
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July 16, 2019
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Sector expert Michael Ballanger anticipates the come-from-behind winning run of silver. In the late 1930s, a young stallion was born in Lexington, Ky., at the legendary Calumet Farm, that went on to win seventeen major races from 1940–1942, including the Triple Crown (Kent...
Streetwise Reports
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May 19, 2020
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The transportation stocks often lead the economy in both directions. That makes sense since truckers and railroads get an early look at the beginning stage of economic reversals in both directions. They get to see changes in the shipments of raw materials to manufacturers, s...
Sy Harding
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January 14, 2013
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Whenever one hears the words precious metals, gold and silver spring to mind. But this world is much richer, and precious metals don’t end with the yellow or white metal. The less well known cousins, platinum and palladium, can and do send valuable signals to...
Przemyslaw Radomski, CFA
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May 19, 2020
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Today, the US increased tariffs on $200B of Chinese goods as the US/China trade deal breaks down. China has vowed to retaliate for the move. The past week has seen the global markets shocked by two items: Iran sanctions and US/China trade breakdown. The markets had been expect...
Chris Vermeulen
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May 10, 2019
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Just when it appeared that the bears will get a third consecutive daily close lower, stocks rebounded from the 50% Fibonacci retracement. Having stabilized and adding to the intraday gains within the final hour before the closing bell, have the sellers been banished now? ...
Monica Kingsley
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May 15, 2020
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When it comes to closing prices, stocks entered the month of June on a strong note, but the daily volume wasn't exactly convincing. While many signs though continue to be arrayed behind the slow grind higher, first swallows of short-term non-confirmation are appearing. Which w...
Monica Kingsley
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June 2, 2020
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Stock bulls retraced over half of Friday's plunge, but does it count as a reversal? When I look at the volume, the weekly chart, and the credit markets, I have my doubts. Or will the Powell & Mnuchin testimony and Chicago PMIs ride to the rescue, and provide a catalyst to reig...
Monica Kingsley
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June 30, 2020
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