ETFS

A lot of mixed news has been swirling around Canopy Growth Corp. (CGC) lately, so it’s worth taking a deeper dive to see how well this stock can stay afloat.  Starting with the elephant in the room, many investors still seem shaken by the void in leadership left behind former CEO Bruce Linton’s wake. However,
0 Comments
Artur Baluszynski, head of research at Henderson Rowe, said the ECB pushing rates further into negative territory is “essentially a tax on eurozone banks, and for the already weakened bank-financed economy like the eurozone, this move could spell more trouble.” Two other measures are more likely to provide actual stimulus. The ECB also announced they would
0 Comments
Gold was rejected at key resistance at $1,560/oz, and has been pummeled since. Bullish sentiment on gold has slid to 66% as of Monday’s close, but the long-term sentiment moving average still remains very elevated. I see no reason to rush in and buy just yet, as I believe we will see lower prices before
0 Comments
Hurricane Dorian lit a fuse Seasonality takes over- No significant reaction to the latest inventory report Watch the critical level on the upside When a market has every reason to move lower, and it does not, it is often a sign that the path of least resistance of the price is higher. The price of
0 Comments
Silver is up over 35% since its May low, and is attempting to break above key resistance at $18.45/oz. Bullish sentiment is at extremely frothy levels, with the long-term sentiment moving average hovering above 80% bulls. Silver’s weekly stochastics are at extreme levels, that have marked tops in all of the past three occasions back
0 Comments
OrganiGram Holdings Inc. (OGI) stock rose more than 10% yesterday thanks to a positive analyst forecast. Oppenheimer analyst Rupesh Parikh gave the stock a perform rating, meaning he expects the stock to perform in line with the S&P 500 throughout the next 12-to-18 months. “Over the past few quarters, the company has executed quite well
0 Comments
With Hexo’s (HEXO) next earnings report lined up to be released next week, here’s a snapshot into what we could expect. Looking back at the company’s most recent fiscal Q3 earnings, the results weren’t too bad. However, the earnings still failed to measure up to analysts’ expectations in terms of per-share profitability.    Hexo sold less
0 Comments
Silver can be a highly volatile member of the precious metals sector, at times. Both gold and silver have a long history as a means of exchange, hard currency, or real money. If gold is analogous to banknotes, silver is the change in our pockets or change purses. For many years, coins had high levels
0 Comments
A volatile week in the crude oil market Iran does not want to talk to the US at this time Inventories highlight robust demand- Mixed signals on output In 2019, the price of crude oil has traded in a range between $44.35 and $66.60 per barrel on the nearby NYMEX futures contract. At the end
0 Comments
Silver has closed back above both its key monthly moving averages for the first time since early 2016. The next major hurdle is multi-year resistance at the $18.45/oz level. Based on this new monthly development, I would expect any 7% pullbacks to be bought as bulls on the sidelines move into the market. Silver (SLV)
0 Comments
It’s only been 3 months since gold broke up through 1200, and just this week gold popped up through 1500. And now here we are pushing up toward 1600 just 2 days later. Your friendly Gold Enthusiast feels like he’s given you all the reasons gold should go up.  In case you weren’t following closely, they
0 Comments
Gold holds the $1500 level and plows higher The Fed sounded dovish in Wyoming, but it was not enough for the US President The high-stakes trade war is bullish for gold The price of gold broke out to the upside following the June meeting of the US Federal Reserve. The Federal Open Market Committee indicated
0 Comments
Apparently gold traders hadn’t seen the steady rise in the USD since Monday, but that’s OK, humans are exuberant critters especially when they’re trading. Here’s the chart for the US Dollar index UUP showing the Dollar’s week. (credit Fidelity.com) US-China trade war news was mixed. There was a burst of news that new talks were starting,
0 Comments
Aurora Cannabis (ACB) stock has fallen 44% since its all-time high in March, and is currently trading at a 7-month low, which has many investors wondering if the stock has finally bottomed out. Down from its $10 per share high, the stock is currently trading at $5.59. Of course, much of Aurora’s downward trajectory has
0 Comments
Greenlane Holdings, Inc. (GNLN) has formed strategic partnerships recently that has some investors wondering if it could be the next cannabis stock to skyrocket.   Last week, Greenlane announced its partnership with the Cookies brand for the launch and exclusive U.S. distribution of the Cookies hemp-derived CBD product line. And today the company announced a partnership
0 Comments
Crude oil was sitting at over $55 per barrel early Friday Recession is bearish for industrial commodities Range trading still- China and Iran could push oil in either direction in a heartbeat So far in 2019, the price of nearby NYMEX crude oil futures has traded in a range between $44.35 and $66.60 per barrel.
0 Comments
Despite Chinese economic data pointing to an increasing demand for copper, the metal has been unable to catch a sustainable bid. The trade war has taken the front seat for the time being from a sentiment standpoint, and I expect it to keep a lid on copper until resolved. While many metals markets are testing
0 Comments
Bullish sentiment for gold continues to climb, and is now at the third highest levels in the past decade. While bullish sentiment for gold finished the day at 80% bulls Wednesday, the long-term sentiment moving average has reached the 85% level. I do not see this as an opportune time to be doing any buying
0 Comments