Jordan Roy-Byrne, Founder of The Daily Gold joins me for another look at the metals outside of war fears. The metals experienced a nice spike today but are pulling back and especially for silver could give up all those gains. It is more important to understand what is building for the sector rather than hoping…
Over the 10 trading days (2 weeks) through April 6, the S&P 500 averaged a daily range of 2.3%. According to Dana Lyons of the Lyons Share, that kind of volatility ranks in the 94th percentile since the S&P 500 began in 1950. Similarly, it is uncommon to see at least seven 1%-plus price swings…
Former US Senator Augustus Hawkins died in November 2007. It may seem superstitious to superimpose meaning on the timing, but maybe the only way it wouldn’t was if he had passed right on August 9 of that year. When I think of Humphrey-Hawkins, I don’t think of it at all as the vast majority seems…
On Tuesday, Rodney talked to his Triple Play Strategy subscribers about the extreme volatility we’re experiencing in the markets. He asked the question: “So, how are you feeling?” as he observed that investors are looking increasingly tired from the extreme drops and bounces we’ve endured the least few weeks. He concluded that the situation isn’t looking good and…
It is clear that gold is preparing a mega-breakout. After a 7-year bear market, I started sensing a couple of months ago that Gold would break out, starting a bull market in 2018. More recently, we confirmed our viewpoint with this article: Gold And Silver Bull Market Of 2018 About To Start. Today, we see another strong…
Walmart Inc.’s (WMT – Free Report) latest contract with Postmates is likely to intensify the online grocery delivery competition among retailers — which was largely triggered by Amazon’s (AMZN – Free Report) takeover of Whole Foods Market last year. Ever since the e-commerce biggie’s intrusion into the grocery space, retailers, particularly Walmart, have been making constant attempts to stay…
After a up then down day Doc and I look at the big picture for investors. Still waiting for a breakout in the metals is more about watching what other markets are doing. (Audio length 00:11:58)
Stocks Rally Sharply On Tuesday The stock market had an amazing day on Tuesday as the S&P 500 was up 1.67%. All the sectors were in the green except real estate and utilities. Energy was the big winner as it was up 3.32%. Tech was up 2.48%. The reason stocks did so well was President Xi gave a…
May natural gas prices recovered some of yesterday’s losses as strong cash prices early in the day pulled the May contract off its lows. Prices ended up settling up a bit less than a percent on the day. The signature of a cash-led rally was clearly seen today with gains strongest at the front of…
Tuesday saw some upside from Monday’s recovery but the trading ranges I marked on the charts over the weekend remain valid so no change in the status quo. The S&P shows this best with the trading range defined by the former ‘bull flag’. Today’s close left the index just below resistance. The lower close could…
