ETFS

For 30-plus years, Mike Hammer has been an ardent follower, and often-times trader, of gold and silver. With his own money, he began trading in ‘86 and has seen the market at its highest highs and lowest lows, which includes the Black Monday Crash in ‘87, the Crash of ‘08, and the Flash Crash of
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Silver hasn’t given traders much to cheer about lately.  Following the peak in September it’s been a story of aborted pops and failed follow-through. But is the chart starting to say a different story now?  Let’s look at some common indicators and see what they’re saying. (Source: Fidelity.com) This is the chart of SLV for
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OPEC increases output cuts The Saudis want a higher price Iran continues to be a problem Twice each year, the oil ministers of the international cartel gather in Vienna, Austria, to decide on production policy for the next six months. On December 5, the meeting was only open to members, but on December 6, non-OPEC
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Pot stocks rallied today after Canopy Growth Corp. (CGC) announced its new CEO will be David Klein, current CFO Constellation Brands Inc. “David is an experienced strategist with a deep understanding of how to build enduring consumer brands while leveraging operational scale across a dispersed production footprint,” Canopy Growth said in a statement.  Klein will
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Today we saw silver (SLV) drop more than 2% and I believe it is still difficult to have high conviction that the lows are in at $16.50/oz. This is divergent from the action we see in gold (GLD), where sentiment is near May levels, and we’ve seen small speculators shed a significant amount of long contracts
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The market expected a withdrawal of 41 bcf The price stopped falling Gaps on the January chart loom large  On the final trading session of November, the price of January natural gas futures on the NYMEX division of the CME fell to a low at $2.27 per MMBtu. When the energy commodity hit its low
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It’s been a frustrating few months for investors in the metals complex, with the pattern of rate-cuts being a boon for the gold price (GLD) coming to an abrupt end in late August. While the Fed’s pivot from being hawkish and the July rate cut put a fire under the precious metal, the September and October cuts
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You probably noticed gold popped up yesterday.  In case you didn’t, here’s the 5-day chart for gold. (credit: Fidelity.com) What are the reasons behind such a jump, right when half the world was writing gold off? The first piece of the puzzle is plain old demand.  While much of the news about gold relates to
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What did that do for silver prices? Here is the “before” story as told by SLV, the unleveraged silver ETF that trades on US markets. (credit Fidelity.com) As you can see, silver has been trading in a very narrow band for the past several weeks. In this case the trading range – running between opening
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A decline as December futures roll to January Lots of winter left but a bearish reversal on the weekly chart A bucking bronco knocking the bulls off their positions as shorts pile in When I looked outside my window in the western suburbs of Las Vegas on Wednesday morning, November 27, light snow was falling
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While the equity market bulls continue to enjoy a rout of new highs, those in the metals complex are likely feeling left out. Gold (GLD) has sunk 7% from its August highs near $1,560/oz, and silver (SLV) has fared much worse, with a 15% drawdown from those highs. This has likely been a grueling experience
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Earlier this week, Canopy Growth Corp (CGC) announced it had won a license to produce cannabis-infused beverages in Canada. Health Canada — the country’s cannabis industry regulator – granted the license just in time for the rollout of Canada’s highly-anticipated Rec 2.0, when cannabis edibles and derivative will finally become available for retail sale. “This
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The market expected a withdrawal of around 51 bcf The data came in more bearish than expected Price action defies the season  Happy Thanksgiving. In the natural gas market, the price action looks more like we are heading into the spring season than the winter. The price of peak-season January futures fell to $2.50 per
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Reports from India indicate gold imports dropped 21.43 billion USD in the April-October months this year (2019) compared to 2018.  That’s an 18.4% drop which is significant in anyone’s book. Regular followers of The Gold Enthusiast know he watches Indian gold figures closely, as India is often the world’s largest importer of raw gold.  Indian consumers are traditionally
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It is not even Thanksgiving yet Stocks are higher this year At least one move to $3 on January futures is in the cards After trading to a high at $2.905 on November 5, the price of natural gas has been falling like a stone even though the winter season is just getting underway in
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Cannabis stocks received a much needed bump this week on news that a congressional committee approved a bill to end federal marijuana prohibition – for the first time in history. “The vote was mostly symbolic and is just the first step toward full legalization,” says Jason Wilson, banking and cannabis expert at ETFMG Alternative Harvest
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Silver is down 13% from its highs at its early September short-term top. Despite this significant drop in price, we still continue to see nearly two bulls for every one bear. Based on the resilience of the bulls, I continue to see the possibility for an undercut of the $16.60/oz low. While the US Markets (SPY) continue
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The market expected a withdrawal of 50 bcf for the week ending on November 15 A feeble attempt at a rally following the EIA data The injection season ends with a peak of 3.732 tcf In a sign that the winter season has arrived, the Energy Information Administration reported the first withdrawal from storage across
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Silver gave bulls a scare two weeks ago when it seemed to drop out.  That was due to good news from the US-China trade war – any good news on that front prompts most investors to shift money back into risk equities, like stocks. Let’s see what the chart is saying now. (Source: Fidelity.com) As this
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Share to facebook Share to twitter Share to linkedin <div _ngcontent-c17 innerhtml=" Shutterstock To become a "Dividend Aristocrat," a dividend paying company must accomplish an incredible feat: consistently increase shareholder dividends every year for at least 20 consecutive years. Companies with this kind of track record tend to attract a lot of investor attention —
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While Aphria (APHA) stock has taken a beating this year (along with the rest of the cannabis sector), shares of this company could be set to take off based on a few solid business fundamentals. For starters, the company recently announced that it would be doubling production capacity courtesy of the recent cultivation license it
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Gold continues to hold above the key $1,420/oz weekly support for now.  Bullish sentiment has come well off its August peak, down from 95% bulls to 40% bulls. While there’s no confirmation of a low yet, the odds are finally tilting in the bulls’ favor medium-term. The Fed’s pivot from tight monetary policy to loose
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Oil is taking the stairs higher Iran and OPEC could send nearby NYMEX futures for a test of $60 per barrel Is there another elevator ride to the downside coming? Crude oil continues to be the energy commodity that powers the world. Last year at this time, the price of oil was falling like a
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