This is a follow-up to my August 25th Seeking Alpha article, Gold Is Perilously Close To Multiple Sell Signals.
On Tuesday, gold broke down decisively through its previous support level at $1,300. This wasn’t just a “dip” below a support line, this was a $43 exclamation point that cannot be ignored. As pointed out in my previous article, gold has been in a long-term downtrend....More>>>
The September U.S. Dollar Index is trading at 96.17, up 0.07.
The U.S. dollar index is trading choppy and just under the highs of the session.
The U.S. Bureau of Labor Statistics reported that year over year Core CPI (consumer price index) for June rose to 2.3 percent versus 2.2 percent May. Year over year CPI was 1.0 percent versus 1.0 percent in May. On the month CPI in June....More>>>
Related BNO In This Bearish Environment, Why Are Pros Long Oil? Expect More MLP ETFs To Come To Market The Oil Game Heats Up As The Freeze Melts Down (Seeking Alpha) Related USO Morgan Stanley At Dubai Analyst Conference: Oil Stuck In $25-$45 Range With Oil Prices Stabilizing, Morgan Stanley Upgrades....More>>>
Its been a long time since the S&P 500 has had a perfect week. By perfect, we mean five consecutive days stretching from Monday through Friday with the index setting a new record high each day. The last one was recorded in 1998, according to Howard Silverblatt, senior index analyst for S&P Dow Jones Indices.
Are we about to break that dry spell? Today, the S&P 500 closed at a....More>>>
The Democrats and Republicans are in agreement on one thing in this presidential election, and of all things, its about banking regulations. Both parties, it seems are calling for a return of Glass-Steagall, a Depression-era banking law whose repeal on 1999 is credited by some for causing the financial crisis.
Donald Trump’s campaign manager, Paul Manafort told reporters Monday that....More>>>