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The greenback exerts powerful influence on the precious metals – that has been the case yesterday, and it unsurprisingly continues to be so also today. So, what message is the USDX sending out...
The gold futures contract lost 0.49% on Thursday, as it retraced some more of the recent advance. The market broke above the short-term consolidation and it reached new medium-term high last week. On...
Today’s article will dive deep into yesterday’s market action, including the aftermarket one. After another dreadful weekly unemployment claims report coming in at well over 5 million, the...
Egged on by the horrendous retail sales data, S&P 500 intraday decline has gathered steam yesterday. An 8.7% drop in consumer spending can’t be just waved off. Neither can the Empire State...
Crude oil bulls don’t seem to be making much progress these days. The situation is tense, and black gold keeps hovering ever so close to its recent lows. Can the bulls get their act...
The gold futures contract lost 1.62% on Wednesday, as it retraced some of its recent advance. The market broke above the short-term consolidation and it reached new medium-term high last week. On...
Sunday’s special Stock Trading Alert laid out the coronavirus crisis, response and consequences ahead in great detail and a 360-degrees view. Reading it will help you get the most out of...
The gold futures contract extended its uptrend on Monday, as it gained 0.49%. The market broke above its short-term consolidation and it reached new medium-term highs above $1,700 level.Yesterday, it...
This week’s Market News Report will be a little shorter than usual. Last week’s economic data releases have revealed more coronavirus damage to the economy. Thursday’s weekly...
Let’s join yesterday’s Gold & Silver Weekend Special, and bring you an advance one in stocks as well. As the coronavirus crisis, response and anticipations are what is moving the...
Have you read Ayn Rand’s novel Atlas Shrugged? The main theme of the book is that – overwhelmed by growing statism – entrepreneurs at one point say finally “basta!” and...
The Trump administration will seek an additional $250 billion to support small businesses hurt by the widespread economic shutdown and slowdown. Will the government and the Fed save the U.S. economy?...
In anticipation of the previous $2-tillion stimulus package that passed on March 27 and in its aftermath, stocks rallied, yet it wasn’t a one-way road. They had trouble overcoming the...
The buyers repelled the opening selling pressure, and gradually made their way higher. While it wasn’t smooth sailing throughout the whole session, they overcame every attempt of the sellers....
The Gold futures contract fluctuated on Wednesday, as it gained 0.04%. The market is going sideways following its recent rally. The price of gold has reached a new medium-term high of $1,742.60 on...
The broad stock market has extended its rebound last week (April 1-7). On March 23, it sold off to the new medium-term low of 2,191.86. It was a stunning 35.4% below Feb. 19 record high of 3,393.52....
Opening with a sizable bullish gap, the buyers strived to make a run. After conquering the initial wave of selling, they essentially retested the daily highs before giving up all ground gained in the...