Latest News
Dollar Recovers and Moves Higher as Bond Yields Climb and Stocks Falter
Barchart - Thu May 23, 2:37PM CDT
Barchart
Thu May 23, 2:37PM CDT
The dollar index (DXY00 ) Thursday rose by +0.15%. The dollar on Thursday recovered from early losses and rallied to a 1-week high after better-than-expected US economic reports bolstered the outlook for the Fed to delay interest rate cuts further. Weekly US jobless claims fell more than expected and the...
1 'Strong Buy' Copper Stock Under $20 to Grab Now
Barchart - Thu May 23, 12:12PM CDT
Barchart
Thu May 23, 12:12PM CDT
With the demand for copper skyrocketing, investors might consider this copper mining stock under $20, rated “Strong Buy” by analysts.
Can Platinum and Palladium Recover?
Barchart - Thu May 23, 12:00PM CDT
Barchart
Thu May 23, 12:00PM CDT
Gold reached a new high in April 2024, and silver rose to nearly $30 per ounce, the highest price since early 2021. Meanwhile, platinum and palladium prices remain under pressure, lagging their precious cousins in 2024.
Stocks Fall Despite Nvidia's Impressive Quarter
Barchart - Thu May 23, 10:17AM CDT
Barchart
Thu May 23, 10:17AM CDT
The S&P 500 Index ($SPX ) (SPY ) today is down -0.70%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -1.53%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.37%. US stock indexes today are lower this afternoon, with the Dow Jones down more...
Dollar Slightly Weaker on Reduced Liquidity Demand
Barchart - Thu May 23, 9:30AM CDT
Barchart
Thu May 23, 9:30AM CDT
The dollar index (DXY00 ) today is down by -0.05%. The dollar is under pressure as today’s rally in the S&P 500 to a new record high has reduced liquidity demand for the dollar. Also, strength in the euro today is undercutting the dollar on better-than-expected Eurozone economic reports. The...
S&P 500 and Nasdaq 100 Post Record Highs on Nvidia’s Blowout Earnings
Barchart - Thu May 23, 9:05AM CDT
Barchart
Thu May 23, 9:05AM CDT
The S&P 500 Index ($SPX ) (SPY ) today is up +0.20%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.49%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.65%. US stock indexes today are mixed. The S&P 500 and Nasdaq 100 posted new...
History Doesn’t Repeat, But It Rhymes
Blue Line Futures - Thu May 23, 8:37AM CDT
Blue Line Futures
Thu May 23, 8:37AM CDT
We have a breakout in the S&P and NQ, while Gold and Silver are under pressure.
Gold/Silver: An Example Idea for Trading a Rebound in Silver
Blue Line Futures - Thu May 23, 8:09AM CDT
Blue Line Futures
Thu May 23, 8:09AM CDT
Tune into today’s Metals Minute for key levels and actionable trade ideas covering your favorite Precious Metals, overnight developments, and what to watch for every trading day.
Dollar Posts a 1-Week High and Gold Falls on Hawkish FOMC Minutes
Barchart - Wed May 22, 2:33PM CDT
Barchart
Wed May 22, 2:33PM CDT
The dollar index (DXY00 ) Wednesday rose by +0.28% and posted a 1-week high. Higher T-note yields Wednesday supported moderate gains in the dollar. Also, the weakness in stocks on Wednesday boosted some liquidity demand for the dollar. The dollar extended its gains Wednesday afternoon on the hawkish minutes of...
There is no Reason to Sell iShares Silver Trust (SLV)
Elliott Wave Forecast - Wed May 22, 10:25AM CDT
Elliott Wave Forecast
Wed May 22, 10:25AM CDT
The iShares Silver Trust (SLV) is an exchange-traded fund (ETF) that tracks the price performance of the underlying holdings in the London Bullion Market Association (LBMA) Silver Price as of August 2014. If you’re interested in investing in silver, SLV provides exposure to the silver market without the need to physically hold the metal.
Stocks Mixed Ahead of Nvidia’s Earnings and Outlook
Barchart - Wed May 22, 10:10AM CDT
Barchart
Wed May 22, 10:10AM CDT
The S&P 500 Index ($SPX ) (SPY ) today is down -0.02%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.01%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.11%. US stock indexes today are mixed, with the Nasdaq 100 climbing to a new...
Is This Cheap Gold Stock a Buy After Earnings?
Barchart - Wed May 22, 9:49AM CDT
Barchart
Wed May 22, 9:49AM CDT
This gold royalty stock has been outperforming the precious metal in 2024, and just turned operating cash flow positive for the first time on a quarterly basis.
Dollar Rises and Gold Falls as Global Bond Yields Climb
Barchart - Wed May 22, 9:29AM CDT
Barchart
Wed May 22, 9:29AM CDT
The dollar index (DXY00 ) today is up by +0.12% at a 1-week high. Higher T-note yields today are supporting moderate gains in the dollar. Also, the weakness in stocks today has boosted some liquidity demand for the dollar. The dollar fell back from its best levels after US Apr...
Stocks Pressured from Higher Bond Yields
Barchart - Wed May 22, 8:56AM CDT
Barchart
Wed May 22, 8:56AM CDT
The S&P 500 Index ($SPX ) (SPY ) today is down -0.06%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.05%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.06%. US stock indexes today are mixed. Rising global bond yields are weighing on the...
Gold/Silver: Chinese Copper Demand Becomes “Tit for Tat” Metals Minute
Blue Line Futures - Wed May 22, 8:38AM CDT
Blue Line Futures
Wed May 22, 8:38AM CDT
Dive into today’s Metals Minute for crucial levels and exciting trade insights on your favorite Precious Metals, overnight happenings, and must-watch highlights for every trading day!
Breakouts and Breakdowns - Heating Oil and Gold appear headed in opposite directions
SpreadEdge Capital, LLC - Tue May 21, 7:29PM CDT
SpreadEdge Capital, LLC
Tue May 21, 7:29PM CDT
In reviewing the charts of the markets I often trade, it's evident that Heating Oil has decisively broken through the bottom of its wedge pattern, whereas Gold has established a classic "cup and handle" formation. From a technical perspective, these markets seem to be moving in opposite directions.
Dollar Gains as Fed Members Signal Patience on Rate Cuts
Barchart - Tue May 21, 2:31PM CDT
Barchart
Tue May 21, 2:31PM CDT
The dollar index (DXY00 ) Tuesday rose by +0.09%. The dollar Tuesday finished slightly higher on comments from Fed Governor Waller and Atlanta Fed President Bostic, who said they favor waiting for inflation to decline before cutting interest rates. Gains in the dollar were contained on Tuesday due to lower...
Investing in Gold? Forget GLD, Buy PHYS Instead
Barchart - Tue May 21, 12:38PM CDT
Barchart
Tue May 21, 12:38PM CDT
Many groups are piling into gold, including central banks and sovereign governments. Gold has also become very popular among individual Chinese investors and family offices that cater to the global rich. Most of these investors choose physical gold. That's what famed investor Michael Burry did. But instead of the GLD ETF, he opted for another physical gold ETF - PHYS. Find out why.
FCX (Freeport-McMoRan) Favors Upside Bullish Sequence
Elliott Wave Forecast - Tue May 21, 10:36AM CDT
Elliott Wave Forecast
Tue May 21, 10:36AM CDT
Freeport-McMoRan Inc., (FCX) engages in the mining of minerals in North America, South America & Indonesia. It primarily explores for Copper, Gold, Molybdenum, Silver & other metals. It is based in Phoenix, Arizona, US, comes under Basic Materials sector & trades as “FCX” ticker at NYSE.
Gold to Silver Ratio Has Resumed Lower
Elliott Wave Forecast - Tue May 21, 10:26AM CDT
Elliott Wave Forecast
Tue May 21, 10:26AM CDT
Gold-to-Silver ratio had an overshoot to the upside during the Covid-19. It ended the all-time high on March 2020 at 126.4. The peak time is similar to the major low in World Indices. The ratio then quickly corrected lower in just 1 year to 62.51 and bottomed on February 2021. It has since traded in sideways for the last 3 years.
Stocks Waver as Fed Preaches Patience on Rate Cuts
Barchart - Tue May 21, 10:07AM CDT
Barchart
Tue May 21, 10:07AM CDT
The S&P 500 Index ($SPX ) (SPY ) today is up +0.11%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.16%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.09%. US stock indexes today are mixed. Stocks are wavering today based on comments from...
Dollar Slightly Higher on Fed Comments
Barchart - Tue May 21, 9:29AM CDT
Barchart
Tue May 21, 9:29AM CDT
The dollar index (DXY00 ) today is up by +0.08%. Weakness in stocks today has boosted some liquidity demand for the dollar. The dollar also has support on comments from Fed Governor Waller and Atlanta Fed President Bostic, who said they favor waiting for inflation to decline before cutting interest...
Stocks Mixed with Fed Speakers in Focus
Barchart - Tue May 21, 8:58AM CDT
Barchart
Tue May 21, 8:58AM CDT
The S&P 500 Index ($SPX ) (SPY ) today is down -0.05%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.07%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.26%. US stock indexes today are mixed. Hawkish comments today from Fed Governor Waller and...
Managing Stocks and Metals at Record Highs
Blue Line Futures - Tue May 21, 8:04AM CDT
Blue Line Futures
Tue May 21, 8:04AM CDT
The E-mini S&P, E-mini NQ, Gold, and Silver are all trading at record levels, we give you the road map of levels to manage this environment.
Gold/Silver: It's about to get volatile up in "thar" hills!
Blue Line Futures - Tue May 21, 7:39AM CDT
Blue Line Futures
Tue May 21, 7:39AM CDT
Phil Streible dives into today’s early market action with the Blue Line Futures Metals Minute!