Content
Dow Extends May Takeover, Closes Above 40k
Article By:
Schaeffers Research
Read
Friday, May 17, 2024 4:37 PM EDT
The Dow continued its song of success for May this week. The blue-chip index closed above 40,000 for the first time ever today after a triple digit pop, which also helped secure a fifth-consecutive weekly gain.
Precious Metals And Base Metals Out Of Control
Article By:
Pretiorates
Read
Friday, May 17, 2024 3:59 PM EDT
Even if there are further consolidations and emotional sell-offs in the near future, as long as a premium is paid on physical Gold and Silver in Shanghai, the bull market is likely to continue.
Historic Moves In The Utilities Sector
Article By:
Bespoke Investment Group
Read
Friday, May 17, 2024 2:48 PM EDT
At one point last week, XLU closed higher than it opened on 16 out of its prior 17 trading days.
In this article: XLU
Gold Miners’ Q1’24 Fundamentals
Article By:
Adam Hamilton
Read
Friday, May 17, 2024 2:24 PM EDT
The major gold miners just wrapped up another quarterly earnings season, reporting great results. Sector unit profits continued blasting higher on stable production, lower mining costs, and record prevailing gold prices.
In this article: GDX
FTSE - Breaks Winning Streak But Still Set To Post Third Weekly Gain
Article By:
Patrick Munnelly
Read
Friday, May 17, 2024 11:13 AM EDT
On Friday, London stocks declined following the trend of global markets, as U.S. Federal Reserve officials suggested that interest rates could remain elevated for an extended period.
In this article: EWU
Silver Breakout May Lead To Historic Price Rally Says Joe Friday
Article By:
Chris Kimble
Read
Friday, May 17, 2024 10:10 AM EDT
Precious metals have been very strong over the past two years, with Gold breaking out of a historic bullish pattern. Is it time for Silver to do the same?
In this article: SLV
Why Retreat
Article By:
Monica Kingsley
Read
Friday, May 17, 2024 9:41 AM EDT
S&P 500 extended CPI advance, but was met with rejection – how serious is that? Too early to say whether that‘s the beginning of a protracted correction, but the procession of Fed speakers yesterday and today, must be taken into account.
Elliott Wave Technical Analysis: Texas Instruments Inc. - Friday, May 17
Article By:
Peter Mathers
Read
Friday, May 17, 2024 9:40 AM EDT
TXN is moving as expected within the impulsive wave structure. We are looking for at least equality of wave 3 vs. wave 1.
In this article: TXN
Electricity Demand Is Surging On The Back Of Data Centers
Article By:
Lance Roberts
Read
Friday, May 17, 2024 9:17 AM EDT
The price of electricity is surging. It has risen by about 8% annually over the last three years.
In this article: SPX
US Dollar Commentary - Friday, May 17
Article By:
James Harte
Read
Friday, May 17, 2024 8:52 AM EDT
Following the sell off on Wednesday, the US Dollar is busy recovering losses as we head into the weekend.
In this article: UUP
Gold And Silver: Silver Rose Above The $29.50 Level
Article By:
Finance Brokerage
Read
Friday, May 17, 2024 8:40 AM EDT
On Wednesday, the price of silver managed to break above the $29.00 level. After that, a recovery was observed until the new weekly high was formed at $29.84.
Elliott Wave Technical Forecast: Unlocking ASX Trading Success: Fortescue Ltd.
Article By:
Peter Mathers
Read
Friday, May 17, 2024 8:02 AM EDT
The analysis aims to provide readers with insights into the current market trends and how to capitalize on them effectively.
Copper Market Commentary - Friday, May 17
Article By:
James Harte
Read
Friday, May 17, 2024 7:07 AM EDT
The rally in copper prices has become one of the big sleeper trades of the year so far with copper futures rallying over 40% off the YTD lows and breaking out to new all-time highs.
In this article: COPX