With Hexo’s (HEXO) next earnings report lined up to be released next week, here’s a snapshot into what we could expect. Looking back at the company’s most recent fiscal Q3 earnings, the results weren’t too bad. However, the earnings still failed to measure up to analysts’ expectations in terms of per-share profitability. Hexo sold less
ETFS
Share to facebook Share to twitter Share to linkedin Shutterstock Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself.
Seems traders paid attention to all those articles about the gold-silver ratio after all. heh heh. There’s another interesting development no one seems to be talking about yet, so to continue the tradition of being first to point these things out, your friendly Gold Enthusiast will now give you something new to consider. Leveraged silver. There’s been
Shutterstock Wall Street is working on a new platform which will ease the trading, storing and spending digital assets. That’s bullish for bitcoin and other cryptocurrencies. It will help them gain acceptance among investors, merchants and consumers. Last week, Intercontinental Exchange (ICE) announced plans to form a new company, Bakkt, with the purpose to create
Silver can be a highly volatile member of the precious metals sector, at times. Both gold and silver have a long history as a means of exchange, hard currency, or real money. If gold is analogous to banknotes, silver is the change in our pockets or change purses. For many years, coins had high levels
Share to facebook Share to twitter Share to linkedin Shutterstock Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself.
Tilray (TLRY) stock jumped 17% yesterday in spite of a Wall Street analyst cutting her price target for the stock by a hefty 60%, down to $60 per share. Analyst Vivien Azer at Cowen & Co. had originally set the target at $150 per share, but has since cut that target citing Canadian supply constraints
A volatile week in the crude oil market Iran does not want to talk to the US at this time Inventories highlight robust demand- Mixed signals on output In 2019, the price of crude oil has traded in a range between $44.35 and $66.60 per barrel on the nearby NYMEX futures contract. At the end
A storm causes buying in the energy commodity Inventories continue to trickle in The market will now shift its focus on the coming peak season of demand Natural gas is not only combustible in its physical form; the price of the energy commodity can be highly volatile when it comes to percentage moves. The supply
Silver has closed back above both its key monthly moving averages for the first time since early 2016. The next major hurdle is multi-year resistance at the $18.45/oz level. Based on this new monthly development, I would expect any 7% pullbacks to be bought as bulls on the sidelines move into the market. Silver (SLV)
In Stock Market Tonight we discuss the spike higher in Bitcoin as well as the US Dollar. Each are signaling fear. Gold and Silver are holding up well in the face of a strong US Dollar which is bullishg.
How can you profit in the stock market with redcued risk and without owning any shares? In this video I will show you how we did it. I will also show you ar new trade that we are excited about and how you can do it as well.
The trade war this weekend has heated up again. We also discuss the stock market from a monthly chart view. Labor Day Discount Sale! Titanium Level 50% Off Annual Memberships – 12 Spots Remaining Full Access| Trade Alerts Included Use Discount Code T50 Silver Level 30% Off Annual Memberships – 9 Spots Remaining | Includes TrendSpider or TradingSim Use Discount
Silver continues to disobey non-believers. International silver pushed up through 18 in early New York trading, we will have to see if it can stay there throughout the US trading day. And of course, this is on top of yesterday’s pop. Here’s the chart for SLV, the unleveraged ETF most US “regular people” use to
One of the best ways to assess the health of a sector is by examining the Generals of the group. I use nine of the highest market capitalization names within the Gold Miners Index and have termed them the Generals. In this article, I examine how the group looks currently and what this means for
Apparently gold traders hadn’t seen the steady rise in the USD since Monday, but that’s OK, humans are exuberant critters especially when they’re trading. Here’s the chart for the US Dollar index UUP showing the Dollar’s week. (credit Fidelity.com) US-China trade war news was mixed. There was a burst of news that new talks were starting,
It’s only been 3 months since gold broke up through 1200, and just this week gold popped up through 1500. And now here we are pushing up toward 1600 just 2 days later. Your friendly Gold Enthusiast feels like he’s given you all the reasons gold should go up. In case you weren’t following closely, they
The Silver Miners ETF is 45% in three months from its May low. Bullish sentiment continues to creep higher for silver, and we will likely move onto a sell signal from a sentiment standpoint early next week if this continues. I believe the silver miners are a very crowded trade short-term, and I believe this
Aurora Cannabis (ACB) stock has fallen 44% since its all-time high in March, and is currently trading at a 7-month low, which has many investors wondering if the stock has finally bottomed out. Down from its $10 per share high, the stock is currently trading at $5.59. Of course, much of Aurora’s downward trajectory has