Aussie Dollar Weakness A Dangerous Sign For Gold
The commodities front remains mixed as the U.S. dollar’s recent rally has put downward pressures on many resource prices. Furthermore, the ongoing bull run on Wall Street has prompted many investors waiting on the sidelines to jump into equities in lieu of chasing paltry yields in the bond market or lackluster returns in the commodities space [for more market news and analysis subscribe to our free newsletter]. Surprisingly, gold has managed to keep afloat in recent weeks amid the stock market euphoria, which is a commendable feat given the extreme selling pressures it saw earlier in April. The outlook for the yellow metal remains mixed, however, as technical patterns and currency market trends are hinting at another round of selling in the near future.
Silver Wheaton (SLW) Ready For Comeback
Buying pressures continue to reign supreme on Wall Street as bullish euphoria has failed to evaporate – much to the bears’ frustration. Major equity indexes remain on a steep climb higher while the commodity market remains mixed at best; year-to-date, some commodities like corn and crude oil are clinching onto minor gains, while others like gold and silver remain in red territory [for more market news and analysis subscribe to our free newsletter]. With most equities either sitting at or headed towards new highs, many are hesitant to jump in after such a stellar run-up. Luckily, the investable universe is wide and not every security has enjoyed wild gains thus far in 2013. Silver-mining bellwether Silver Wheaton Corp. (SLW) presents an intriguing opportunity at the moment that warrants a closer look from contrarian investors looking to get a piece of the action on Wall Street.
Contrarian Alert: First Solar (FSLR) Rising From The Grave
The bull train has hit a few bumps in recent trading sessions as a wave of European woes over the weekend has prompted some to take profit. Nonetheless, “buying on the dip” remains a dominant theme on Wall Street as bullish pressures continue to reign supreme on the equity front [for more market news and analysis subscribe to our free newsletter]. With most equities either sitting at or headed towards new highs, many are faced with the tough decision of waiting to pull the sell trigger in an effort to maximize profit without getting burned by the impending correction. Luckily, the investable universe is wide and not every security has taken advantage of the bull run on Wall Street. Green-energy bellwether First Solar (FSLR) presents an intriguing opportunity at the moment that warrants a closer look from contrarian investors looking to get a piece of the action on Wall Street.
Bottom Fishing In Goldcorp Inc. (GG)
The Dow Jones Industrial Average hit all-time highs last week, spawning a wave of euphoric headlines across the financial media. What’s truly impressive is that buyers continue to step in at virtually every pullback, which is quite the risky maneuver when you consider the stellar run-up seen on Wall Street since the November 16 lows last year [for more market news and analysis subscribe to our free newsletter].
Caterpillar (CAT) Poised To Rebound Off 200-Day Moving Average
Bearish pundits are scratching their heads and pulling their hair as the bull train continues full steam ahead on Wall Street even after last week’s choppy sell-off. Major equity indexes at home and in the European currency bloc marched to fresh multi-year highs on Tuesday; eager buyers are shrugging off looming threats including the sequester drama in Washington D.C. that may very well inspire a steeper correction as the end of March approaches [for more market news and analysis subscribe to our free newsletter].
Trade The Channel In Deere & Co. (DE)
The bull train continues full steam ahead on Wall Street much to the bears’ growing frustration. Major equity indexes are still relentlessly climbing higher, posting fresh multi-year highs by the day it seems. Every minor pullback on the stock front has welcomed buyers, showcasing the sheer euphoria permeating the marketplace, which is rightfully making some worried that a steep correction is lurking just around the corner. Commodities overall continue to drift lower as the strengthening U.S. dollar is keeping a lid on spot prices [for more market news and analysis subscribe to our free newsletter].
