The S&P 500 ($SPX) just logged its fifth straight trading box breakout, which means that, of the five trading ranges the index has experienced since the April lows, all have been resolved to the upside. How much longer can this last? That’s been the biggest question since the massive April 9…
Is the market’s next surge already underway? Find out with Tom Bowley’s breakdown of where the money is flowing now and how you can get in front of it. In this video, Tom covers key moves in the major indexes, revealing strength in transports, small caps, and home construction. He identifies…
The chart of Meta Platforms, Inc. (META) has completed a roundtrip from the February high around $740 to the April low at $480 and all the way back again. Over the last couple weeks, META has now pulled back from its retest of all-time highs, leaving investors to wonder what…
Here are some charts that reflect our areas of focus this week at XLU Leads with New High Even though the Utilities SPDR (XLU) cannot keep pace with the Technology SPDR (XLK) and Communication Services SPDR (XLC), it is in a leading uptrend. XLU formed a cup-with-handle from November to…
Ross Beaty of Equinox Gold (TSX:EQX,NYSEAMERICAN:EQX) and Pan American Silver (TSX:PAAS,NASDAQ:PAAS) shares his thoughts on gold and silver’s record-setting runs. While high prices are exciting, he noted that even US$50 per ounce silver is good for miners. ‘At the end of the day, there’s still great value in the silver…
Matthew Piepenburg, partner at Von Greyerz, breaks down what’s really driving the gold price, going beyond headlines to the ongoing debasement of the US dollar. He also discusses silver market dynamics. Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article. This post…
Jeff Clark, founder of Paydirt Prospector, remains bullish on the outlook for gold and silver, emphasizing that cash is key when prices correct. ‘Even though I’m very long, and even though I haven’t taken profits on a lot of things, the number one antidote to a crash or a correction…
Speaking ahead of this week’s gold and silver price correction, Chris Vermeulen, chief market strategist at TheTechnicalTraders.com, said the metals were due for a ‘significant pullback.’ After that, they’ll be positioned for a new leg up. ‘There will be a time definitely to get back into metals, because I think…
Brightstar Resources (BTR:AU) has announced Strategic $180M capital raising funds Goldfields development Download the PDF here. This post appeared first on investingnews.com
Gold and silver are wrapping up a record-setting week once again. Starting with gold, the yellow metal left market participants hanging last week after finishing just shy of US$5,000 per ounce. However, it made up for it in spades this week, breaking through that level and continuing on up to…