ETFS

To put it bluntly, uncertainty. Uncertainty in 2 areas: strength of the US (and world) economy, and the US-China trade war.  This week the trade war is in focus so let’s look at that. Investors are uncertain about the outcome of the US-China trade war, and they would love to position their portfolios to best
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The Pathway to American Energy Independence.   Source: Shutterstock Although an MLP fund selling most of its MLPs might seem implausible, it represents a growing risk for their holders. MLP-dedicated funds are structured as corporations, which means they pay corporate taxes. They’re unique in this regard; few ETF or mutual fund investors stop to check
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Yesterday Hexo Corp.’s (HEXO) stock plummeted 24% — bringing much of the cannabis sector down with it — in the company’s worst-ever, single-day percentage loss. Hexo shares tumbled as the market reacted to a peak inside the companies less-than-stellar fiscal Q4 projections. Early yesterday morning, the Quebec-based cannabis producer issued preliminary guidance for its fiscal
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Is there a simple way to understand silver? Yes indeed, silver analysts – including your friendly Gold Enthusiast – do sometimes prattle on about this and that factor, and how the silver markets are paying attention this right now, that a bit later. What if you just wanted a really simple way to trade silver?
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The Gold Juniors Index has bounced off of its lows once again, but still can’t seem to reclaim $40.40 weekly resistance. Bullish sentiment on gold has pulled back from its highs, and is hovering above the pessimism zone. Until the $40.40 resistance is taken out to the upside, a re-test or break of the lows
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Bullish and bearish factors have been pulling the price of crude oil in opposite directions over the past months. The price had been moving lower under the weight of the trade war between the US and China. The wave of protectionist policies continues to threaten a global recession. Crude oil demand is a function of
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The price rose early Inventories are already higher than last year’s pre-withdrawal season level A bullish reversal on the daily chart- Buying weakness going into the winter months Natural gas is a combustible commodity in its physical form, and the price often exhibits a wide price variance. There is a little over one month to
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Last Friday’s resignation of Hexo (HEXO) CFO Michael Monahan sent aftershocks across an already shaky cannabis sector, and so far the reactions on Wall Street have been mixed. Monahan’s resignation seemed to catch investors by surprise, as his hiring was just recently announced back in May. However, the former CFO insists his resignation is for
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Platinum has pulled back 12% and is now sitting just above its 20-month moving average. Bullish sentiment on platinum has pulled back to a little above the pessimism zone, from 92% bulls in September. I would view any 10% pullbacks in platinum as buying opportunities, as long as stops are used if the 20-month moving
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No two years are ever exactly alike, but the start of the fourth quarter of 2019 looked eerily similar to the same period in 2018. Last week, the stock market was shaky, and the price of crude oil fell to the bottom end of its trading range. In 2018, price carnage during the fourth quarter
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Not being the kind that shies away from a good discussion, let’s jump in… Lately the overall US market – stocks, bonds, futures, metals, everything – has been on the hunt for good news. We see it every time there is a whiff of good about anything – the market knee-jerks upward at any hint
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The Gold Miners Index has pulled back 15% from its highs, thanks to an overdue correction in the price of gold. The index found support just 3% above strong support at $25.70, and thus far this looks like just a normal correction. I believe that any drops under the $27.00 level are an opportunity to
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In recent months, Canopy Growth Corp (CGC) has received mixed forecasts from Wall Street analysts, with many of them taking note of the company’s acquisition sprees. Today, CGC announced yet another all-cash deal for a majority stake in the CBD sports nutrition company, BioSteel Sports Nutrition Inc. “This acquisition allows us to enter the sports
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The early August escalation lifted the price of gold Gold has slipped on positive news on the trade front and a stronger dollar Trade is not the only supportive factor for the gold market In June, the US Federal Reserve told markets that short-term interest rates would move lower by the end of 2019. The
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The first attempt at a rally came to early A triple-digit injection sends the price lower Open interest has dropped sharply In articles over the past weeks, I suggested that the upward trajectory of the natural gas futures market started a bit too early. Last week, the price of the energy commodity declined and moved
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Bullish sentiment on gold has finally pulled back from late August levels, and is now back to more subdued readings. Gold has satisfied the minimum pullback after sentiment sell signals of 5.5% or more. If we see more weakness below the $1,460/oz level, I believe this is an opportune time to begin nibbling on new
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Here at The Gold Enthusiast, we care about our account balances in a very personal way – because they’re OUR account balances.  We need our money to make money.  It’s actually been a decent trading year here but not a great year. And there’s certaintly enough year left to make more.  So let’s see if
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Crude oil falls as Iran talks to talk of peace Words and actions are a different story Three reasons to buy dips in crude oil On September 14, the attack on Saudi oilfields that temporarily knocked out 50% of output amounting to 6% of world’s supplies caused a price spike in both WTI and Brent
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Silver rallied 4% to start the week, and has now erased more than half of its recent correction.  Bullish sentiment continues to remain elevated on silver, with bullish sentiment closing at 79% yesterday. While the lows may be in after the recent drop to $17.50oz, I would expect us to re-test these lows before making
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The temperature rises in the Middle East Crude rallies and corrects Buying dips because Iran is not going away anytime soon The fundamentals of the crude oil market have changed dramatically over recent years. The US was dependent on the Middle East for the energy commodity for decades. The growth of the US oil industry
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Bullish sentiment for gold has retreated from the 95% level, and is back to a more balanced level at 52% bulls. Previous short-term sell signals in gold have seen 5.5% corrections at a minimum, and average corrections of 7.1%.  Based on the current correction sitting at only 3.8%, I would expect gold to break its
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While going through the morning mail and news your sleepy Gold Enthusiast ran across an article in Mining Technology, a nice little industry website that gives lots of hints and clues over the year. Much of the time the content is kinda dry unless you’re into digging holes and processing tons of dirt to extract
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In November 2018, the price of natural gas rose to the highest price since 2014 when it traded at $4.929 per MMBtu. The price of natural gas rose at the start of the peak season of demand during the winter months when inventories fall. The amount of natural gas in storage around the US fell
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(credit Fidelity.com) This is the chart for unleveraged ETF GLD over the past 3 months.  In the early part of the chart things basically obey the script.  In those cases, the market acts “normally” – if you can count the fits and sputterings of a spoiled teenager normal.  When the USD goes down (using the
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As the drought continues in the cannabis sector, many of us are wondering when it’s going to end and which companies are going to stray away from the pack and start to outperform first. When it comes to HEXO, the stock was performing like most other cannabis companies until recently and there are a few
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The Fed cuts rates as expected Rates continue to fall around the world Lower rates and trade concerns are bullish for gold We recently heard from the European Central Bank in what was President Mario Draghi’s final meeting as the head of the ECB. Ms. Christine Lagarde, the former managing director of the IMF, will
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Yesterday Oppenheimer analyst Rupesh Parikh initiated coverage of the Canopy Growth Corp. (CGC) with a “perform” rating and no price target. While Parikh’s rating is lukewarm, he reasons that Canopy is “best positioned” to capitalize on the global cannabis market throughout time. Here are some of his key highlights: CGC enjoys first-mover advantage. CGC has
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Platinum has broken out to new 52-week highs Bullish sentiment on platinum remains relatively subdued at 61% bulls As long as $81.00 support holds on the Platinum ETF on a monthly close, the bulls remain in complete control Both gold (GLD) and silver (SLV) have got all of the attention the past few months, but platinum (PPLT) is displaying a bullish
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