In Friday’s article, we wrote that what comes up must co..rrect and gold has indeed shown to be in a corrective mode. We also wrote that the yellow metal was unlikely to break below the 61.8% Fibonacci retracement based on the previous upswing and while gold ...
Przemyslaw Radomski, CFA
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November 18, 2019
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The Fed kept rates unchanged and while it was not immediately preceded by major price moves in the PMs, the no-change decision was followed by bullish price action in the following hours. This action extends into today’s pre-market trading. Most interestin...
Przemyslaw Radomski, CFA
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January 30, 2020
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Stocks retraced some of their short-term rebound on Friday, as investors’ sentiment worsened once again. The S&P 500 index bounced off the nearest important resistance level of around 2,890-2,900. Will stocks resume their downtrend? Trade War Fears Again, Wi...
Paul Rejczak
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May 21, 2019
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Stocks were mixed on Wednesday, as investors hesitated following Tuesday’s decline. The S&P 500 index reached the new record high of 2,964.15 on Friday. Then it broke below the 2,950 mark and it retraced most of the recent rally. So was it a downward reversal o...
Paul Rejczak
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June 27, 2019
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Calling this latest development "excellent news," Paradigm Capital has raised its target price on the company's stock. In an April 9 research note, analyst Rahul Sarugaser reported that Paradigm Capital raised its target price on Tetra Bio-Pharma Inc. (TBP:TSX.V; TBPMF...
Streetwise Reports
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April 18, 2019
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Quickly after the volatile plunge, gold reversed and it’s moving higher in today’s pre-market trading. The $64,000 question is whether this is a correction within the decline, or did the huge rally just resume after a pullback. Which proposition...
Przemyslaw Radomski, CFA
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June 12, 2019
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It’s been 7 months since the stock market’s December 2018 bottom, and the S&P has rallied 28% since then. The rally is slowing down, and it is unreasonable to expect the next 7 months to be like the previous 7 months. Technicals (short t...
Troy Bombardia
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July 29, 2019
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Gold hasn’t had much success moving higher yesterday. Its breakout above the neckline of the previously completed head-and-shoulders pattern is close to being invalidated. Will that invalidation happen prior to or shortly after the Friday’s opti...
Przemyslaw Radomski, CFA
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May 15, 2019
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The stock market took a dive, and gold with silver barely moved higher. Miners had little reason to rally, especially that they have been underperforming gold for many days now. And yet, gold stocks and silver stocks moved visibly higher. What if it isn’t just ...
Przemyslaw Radomski, CFA
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May 8, 2019
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One surprising news was followed by another surprising news. First, Trump told the world about his plan to keep increasing tariffs on Mexico, defying his own party. Then, no hint of relief had come regarding the China trade dispute. Finally, we have got the Fed discussing pot...
Przemyslaw Radomski, CFA
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June 11, 2019
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