Contrarian Alert: GOLD Trade Offers Attractive Risk/Reward
Investors ran for cover last week after the bulls’ confidence was rattled by the Fed, which hinted at scaling back on their bond-repurchases earlier than many were anticipating. Profit-taking pressures hit equity markets overseas and at home as fading stimulus hopes prompted a sell-off ahead of the prolonged holiday weekend for Wall Street; nonetheless, investors appear to be back on the scene in a bargain buying mood as major U.S. indexes have managed to snap back and appear to be well on their way to resuming the uptrend at hand [for more commodity futures news and analysis subscribe to our free newsletter]. Gold prices and producers of the yellow metal remain severely depressed as momentum has failed to return to the precious metals market following the steep sell-off seen earlier in April. Contrarian investors should add Randgold Resources (GOLD) to their watchlist because this mining behemoth is resting on major historical support, … See the full story here
Contrarian Alert: Is It Time To Buy Cliffs Natural Resources (CLF)?
The party continues on Wall Street; investors remain bullish on stocks judging by the sheer price action as both the S&P 500 and Dow Jones Industrial Average managed to close out last week well above their all-time highs. The economic data front is sending hints of a potential downturn as manufacturing indicators remain weak; nonetheless, this has failed to put a noticeable dent in the bulls’ armor of confidence as markets shrugged off last week’s worse-than-expected industrial production data [for more market news and analysis subscribe to our free newsletter]. Not every stock is surging to record highs; in fact, one particular large-cap miner offers a risky, but compelling, opportunity for investors still looking to get a piece of the action on Wall Street. Contrarian investors should add Cliffs Natural Resources (CLF) to their watchlist because this former S&P 500 sweetheart is resting on major historical support, thereby offering a great entry point for those … See the full story here
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].
