Commodities
Gold News: GLD Has A Million-Share Minute
In case you were sleeping Friday, or out enjoying some sunshine, the biggest single trade in GLD history crossed the wires at 1:22 PM. For market watchers, seeing this gold news in real time was an interesting experience. A normal sleepy Friday trading in the gold world, then all of a sudden a huge volume spike, followed […]
Oil Is Breaking Out, How About Oil Company Stocks?
In late 2016, OPEC agreed to cut production in order to address an oversupplied oil market. Global crude oil inventories had reached record highs, and the price of oil had crashed. OPEC’s strategy is having the desired effect. Over the past year, despite strong U.S. shale production growth, global inventories have steadily declined. In response, […]
Gold Prices: Rebounding On Trade War Fears
Gold prices popped overnight as fears of a trade war grew. President Trump, in a moment that will likely come back to haunt him, tweeted “Trade wars are good, and easy to win.” In response, traders sold US dollars and bought some gold. You can clearly see the moment on the 5-day chart of GLD (bars) compared […]
9 Best Energy Stocks To Own Before Earnings
Earnings season is in full swing, and at the sector level, 100% of the S&P 500 companies in the Energy and Utilities sectors are reporting earnings above estimates. So far this earnings season, energy stocks are the real winners. The Energy sector is also reporting the largest upside aggregate difference between actual earnings and estimated earnings (+13.1%). […]