Gold Explodes Before Pulling Back

August, 8, 2019|

Although we have been bullish Gold since the 1280 level and achieved our first target of 1500, all week we wrote we thought that gold would churn around this level before finally breaking out...

FedEx Divorces Amazon

August, 8, 2019|

FedEx Cuts Ties with Amazon

FedEx says it will no longer make ground deliveries for Amazon as the online shopping giant builds its own fleet and becomes more of a threat to delivery companies. The announcement Wednesday comes two months after FedEx terminated its air delivery contract with Amazon...

GOLD Hits 1500

August, 7, 2019|

Tuesday in the overnight session Gold hit 1500 on three separate occasions looking like it still wants to go higher. As I write early this morning, Gold is just below, but the pattern is setting up for a potential close above there today...

Disney’s Rollercoaster

August, 7, 2019|

Disney Shares Drop

Disney shares tumbled 5% in after-market trading Tuesday as the Mouse House missed Wall Street’s third-quarter profit and revenue expectations...

Gold Looks to Take a Rest

August, 6, 2019|

On Monday with the Equity markets getting hammered Gold was flying higher as it makes a run at our first target of 1500. Gold reached 1487 Monday, every attempt to sell off was met with buyers...

Barneys Busting Out

August, 6, 2019|

Barneys Near Bankruptcy

Barneys New York is preparing to file for bankruptcy as soon as Monday evening, according to people familiar with the matter. The embattled luxury department store chain is nearing an agreement with lenders that would secure it enough financing to give it time to find a buyer...

1500 Gold Here We Come

August, 5, 2019|

As we look back at the action in Gold last week, we saw a market that was consolidating. There was the shakeout of the weak hands who trade off their opinions...

There Was No Need for a Rate Cut

August, 5, 2019|

On Wednesday, Federal Reserve Chairman Jerome Powell announced that the Fed had decided to cut interest rates by .25 basis points. The market was expecting .50 basis points and immediately sold off. In fact, the S&P 500 had its first breakout move above or below 1% in thirty-eight trading sessions...