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Current Gold:WTIC Ratio Suggests Gold Is About To Soar
Today 14:48 EDT
Historically, the gold:oil (WTIC) ratio has averaged between 10:1 and 30:1 and has been a reliable indicator of when to invest in oil and when to invest in gold over the past 120 years.
Two Super-Cool Charts
Today 14:36 EDT
The long-term gold futures continuous contract divided by the weekly M2 money supply. Looks long-term bullish to me.
Bank of England Preview: How Will the Pound (GBP) React?
Today 14:24 EDT
The Bank of England is expected to maintain policy settings with the bank rate left at 0.1% and APF at GBP 895bln.
New home sales confirmed this morning what we learned from existing home sales yesterday, and from housing permits and starts earlier in the month: in terms of new construction and sales, the housing...
A discussion on how the Fed's hawkish tone reduced inflationary expectations. That may not actually be what they had in mind. Yet investors remain more than willing to follow the Fed.
Patterson Companies Inc Tanks After Earnings, Here’s The Trade
Today 13:54 EDT
The next major support level for Patterson Companies Inc0 stock will be around the $25.00 area. This is a major retrace level from the March 2020 lows to the recent peak.
Most Active Equity Options For Midday - Wednesday, June 23
Today 13:42 EDT
Top tickers for midday: TSLA, AAPL, AMC, PLTR, SNDL, CLOV, WISH, F, FB, NIO, AMD, AMZN, BABA, NVDA, SNAP, MSFT, WKHS, PLUG, CCIV, BA.
Nasdaq Notches Intraday High, SPX Eyes Third-Straight Win
Today 13:33 EDT
The Dow Jones Industrial Average is modestly lower this afternoon, walking back this morning's gains to register a 19-point drop.
S&P 500 Near All Time Highs and What We Got Right
Today 13:24 EDT
his morning's economic data was nothing to write home about. However, markets can remain illogical for extended periods.
The medium-term bullish uptrend was broken with ease 10 days ago and gold now finds itself close to an important support level that needs to hold if the precious metal is to move higher.
Cloud Stocks: MongoDB Rides High on Five Years of Atlas
Today 13:05 EDT
MongoDB was the pioneer in the NoSQL open-source market. But what launched as an experiment has become the leading player in data processing.
EUR/USD Rate Rebound Pulls RSI Out of Oversold Territory
Today 12:59 EDT
The IG Client Sentiment Report shows 59.03% of traders are currently net-long EUR/USD, with the ratio of traders long to short standing at 1.44 to 1.
The base effect remains the major factor pushing inflation to retrace from its may 2021 top of around 5%, a level unseen since 2008, supported mainly by headline inflation reached its bottom of 0.2% in...
Corn Closes Lower On Weather. The Corn & Ethanol Report
Today 12:23 EDT
On the Ethanol Front a large Brazilian maker of sugar and ethanol said it plans to use more of the cane-based biofuel and less sugar in its 2021/22 crop.
Why The Nvidia Stock Price Forecast Is Off The Charts Right Now
Today 12:10 EDT
Analysts have aggressively raised their price targets for the high-speed computer chip manufacturer NVIDIA Corp.
Which Is A Better Investment? Amgen Vs Bristol-Myers Squibb… The Winner May Surprise You
Today 12:04 EDT
Both companies have the same yield, at right about 2.9%. They've also both been increasing their dividends for almost the same exact length of time - 12 years for Bristol-Myers Squibb versus 11 years...
AT&T (T) – Big Dividend Cut
Today 11:58 EDT
A dividend cut or suspension is not something most dividend growth or income investors like to see. The stock was punished after the announcement losing more than $30 billion in market value.
WTI Fails to Extend Overnight OPEC+ Gains Despite Big Crude Draw
Today 11:54 EDT
Oil prices are up overnight, with WTI topping $74 (and Brent topping $75 - a fresh two-year high), after a bigger than expected crude draw reported by API.
Plug Power Presents Its Quarterly Results
Today 11:51 EDT
Despite poor quarterly results during yesterday's session, the company has experienced a rise of 13.97% to $34 per share, thanks to its future prospects, since there are rumors circulating that it...
Explainer: China And US' Accounting Standards – Key Differences
Today 11:48 EDT
The US coordinator for Asian affairs on the National Security Council, Kurt Campbell, has announced that diplomatic parameters between China and the US will revolve around intense competition.
Dialing Back the Fed Fears for Now
Today 11:44 EDT
XAUUSD Has Correction Wave (4) Ended?
Today 11:32 EDT
The XAUUSD formation suggests the development of an intermediate correction wave (4), which is part of a large bullish impulse.
Bounce Came Right On Schedule – Now What?
Today 11:30 EDT
The four straight days of decline where Jim Cramer implored people not to buy on day four have quietly passed. Don’t get me wrong.
Oil Update: Nearing The Next Resistance
Today 11:27 EDT
The price of gold reached a new high during the COVID-19 pandemic. It crossed the $2,000 level for the first time in the summer of 2000, rewarding traditional investors. Is gold warranted to protect...
Energy Sector Continues To Lead US Stocks By Wide Margin In 2021
Today 11:23 EDT
Shares in the conventional energy sector may be destined for dinosaur status as the shift to renewables marches inexorably on, but that hasn’t stopped Big Oil from leading US equity sectors this year.
Gold: Fed's Meeting Activates Annual Buy Triggers
Today 11:15 EDT
Today 11:06 EDT
Don't plug those electric cars in! In Texas they're taking over your smart thermostats to lower the temperature in your house and in California they're begging you to stop charging your electronic...
Singapore Inflation Close To Its Peak
Today 10:50 EDT
As inflation in Singapore accelerates to 2.4% surpassing forecasts, we believe we're close to the peak. With the balance of risks tilted towards growth, the current fiscal-monetary policy mix may...
7 Cannabis Sector Themes Investors Need To Be Watching Going Into The Second Half of 2021
Today 10:39 EDT
As we approach the mid-point of the year, we want to highlight some of the most significant themes in the cannabis industry that could prove to be important catalysts for the entire sector.