Month: July 2019

A huge inventory decline Production is falling Rig counts are below last year’s level- Oil could recover The price of crude oil was sitting at just above the $56 per barrel level on the nearby September NYMEX futures contract on Friday, July 26. In the past, the situation in the Middle East with Iran and
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U.S. equities are holding near the unchanged line on Wednesday as traders await the decision from Federal Reserve policymakers. Source: Shutterstock An interest rate cut? Surely, it’s all but fully baked in. By how much? A modest 0.25% cut, the first since 2008, is likely. Yet hope springs eternal for a deeper 0.50% cut. But
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As regular Gold Enthusiast readers know, a golden cross is a technical chart pattern that happens when the 50-day SMA crosses up through the 200-day SMA. As the chart shows, silver had a golden cross once this year already on Feb 13th, and now again on July 23rd. Golden crosses are typically positive signs, and this one
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U.S. equities are drifting lower in early trading on Tuesday as investors await the outcome of the Federal Reserve’s two-day policy meeting. An interest rate cut of at least 0.25% is widely expected, and the market is already pricing in the likely implications of another dose of easy money stimulus. Source: Shutterstock Take a look
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Tesla (NASDAQ:TSLA) investors have endured a bumpy ride over the past few years as the stock rose and fell at the drop of a hat. On one hand, TSLA stock benefited from optimism regarding the public’s growing interest in electric vehicles and advancements in autonomous driving. However, the firm continuously disappointed by not living up
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Qualcomm (NASDAQ:QCOM) stock slipped a bit last week. It’s easy to see why. Longtime Qualcomm troublemaker Apple (NASDAQ:AAPL) threw another jab at QCOM. It did so by announcing plans to buy Intel’s (NASDAQ:INTC) smartphone-modem chip business. Why is that important to QCOM stock?  Apple is using Qualcomm’s chips in its smartphones and has for some time.
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