Month: February 2021

Shares of electric vehicle maker Canoo (NASDAQ:GOEV) are on fire this morning after the Verge reported that it held talks with Apple (NASDAQ:AAPL) about a possible investment or a takeover. GOEV stock jumped as high as 30% in pre-market trading Wednesday. Source: Shutterstock An Apple EV has garnered quite the buzz in recent weeks, as Barron’s noted
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The start of the year is the time for predictions, and why shouldn’t those predictions be bold ones? After the past 12 tumultuous months, it’s nice to take a deep breath and think about what is likely to happen in the coming year, especially in the fast-moving and often volatile technology sector. Plus, tech stocks
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It’s been a busy past month for major asset classes, and while Q4 was mostly a quarter to forget, both gold (GLD) and silver (SLV) managed to finish the year strong. This was a significant positive development because gold had a pivot of $1,700/oz to confirm its yearly breakout, and this level was briefly under
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A surprise “gift” from Saudi Arabia on January 5 pushes crude oil through $50 The Georgia runoff election result is bullish for crude oil The technical levels to watch for as crude oil continues to take the stairs higher 2020 was a rough year for the crude oil market. As the energy demand plunged during
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Crude oil continues to take the stairs to new highs Term structure tightens- Bonus time for the front-to-back crowd Brent-WTI rises- More gains on the horizon as US production declines Upside targets for crude oil in 2021 A commodity’s market structure provides clues about the path of least resistance of the price. I view commodity
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Bullish price action in crude oil since early November The price stops short of a critical technical resistance level Higher prices are likely, but buying dips could reduce stress OPEC will push prices higher as US energy policy shifts to a greener path Buy oil when it looks its worst Bull markets tend to push
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NYMEX oil futures come within 57 cents of an upside target The crude oil futures market faces bullish and bearish forces OPEC+ becomes more influential after the US power transition A pullback would not be a surprise Surprises are likely to come on the upside We learned that markets can decline to illogical levels on
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It’s been a rough start to 2021 for the gold (GLD) bulls despite a Blue Wave in the United States that is likely to keep stimulus high for the next two years and the appointment of a former dove, Janet Yellen, as Treasury Secretary. This continued underperformance Is likely extremely frustrating for the bull camp,
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The world’s leading producer hands the pricing baton to its old foes OPEC+’s mission is the highest possible price The trend is higher The world continues to depend on the fossil fuel A demand surge could be explosive- Bull markets tend to exceed expectations The last time NYMEX crude oil futures traded above the $100
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It’s been a tough start to the year for investors in the gold (GLD) space, with the metal, unfortunately, being one of the only asset classes with a negative year-to-date return. This poor performance is even though this 6-week period is generally one of the strongest of the year for gold, with the metal typically
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On the great see-saw of investing, all too often investors are on the wrong side of the trade. They should should be buying stocks when most people are selling them. Case in point is the aftermath of the Brexit vote in the United Kingdom, where the majority of voters chose to leave the European Union.
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A great hedge is one that makes money while it protects you from a disaster. In April, Thomas Pound recommended Randgold Resources (GOLD) as a good investment as well as a hedge against many bad scenarios. Since then, we’ve seen a market correction caused by Brexit from which we have now recovered. In spite of
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