No Picture
Trading Ideas

Gold Sinks Back Into $1,600s as Restarts Erode Demand for Havens

(Bloomberg) — Gold fell for a third day as a drumbeat of moves toward reopening economies plus gains in stocks eroded appetite for havens, with prices sinking below $1,700 an ounce ahead of policy announcements from two of the world’s leading central banks.The precious metal eased after U.S. equities hit the highest in almost seven weeks as states including Florida took steps toward easing restrictions. Italy, one of the countries hit hardest, prepared to begin reopening, although the World Health Organization warned the coronavirus pandemic is far from over.While bullion is still near the highest in more than seven years …read more […]

No Picture
Trading Ideas

Oil prices tumble as world's storage tanks fill up amid demand shock

Oil prices slumped on Tuesday, extending the previous session’s slide, on worries about limited capacity to store crude worldwide and expectations that fuel demand may only recover slowly as coronavirus pandemic restrictions are gradually eased. U.S. West Texas Intermediate (WTI) crude futures skidded by as much as 16% and were off 14.7%, or $1.88 cents, at $10.90 a barrel as of 0158 GMT. Brent crude futures fell to a low of $18.97 and were last down 4.1%, or 82 cents, at $19.17 a barrel. …read more […]

No Picture
Trading Ideas

At $30, Twitter Stock Is Fully-Valued, Says Analyst

Since the onset of COVID-19, social media platforms have been at the center of a tug of war between an uptick in user engagement and ad spend reductions. The problem, though, is that usage engagement is all fine and dandy, but these platforms’ revenue streams are mostly from advertising.Twitter (TWTR) is no different. The social networking site was early to recognize the issue of lower ad spend when it withdrew its previous guidance in March.Wedbush analyst Michael Pachter is “anticipating results in-line with revised commentary,” when Twitter reports Q1 earnings on Thursday, April 30.The analyst believes that, at the midpoint, …read more […]

No Picture
Trading Ideas

Why Conventional Investing Won’t Work This Time

Are you a conventional investor?
Are you happy with knowing a couple of investment strategies… mostly buy and hold?
Well, I’ve got some bad news for you. This market doesn’t take prisoners, and in order to win the war, you need to be well-versed in how to trade through this period of uncertainty.
In The War Room, we use a range of strategies… and we teach you how to use them too. Without a doubt, the most popular strategy we use is short-term options trading. Bryan Bottarelli specializes in getting in and out of trades… quickly. And our 80%-plus success rate year to …read more […]

No Picture
Trading Ideas

Oil Hangs On Near $13 as ETF Selloff Exacerbates Glut Concerns

(Bloomberg) — Oil held below $13 a barrel in Asia after the biggest oil ETF said it would dump the June crude contract amid dwindling global storage capacity.Futures in New York rose 1%, after plunging 25% on Monday. The United States Oil Fund LP said it would move all the money it invested in the front-month June WTI oil contract, triggering a massive swing in the price relationship between the June and July contracts. Brokerage firms are also restricting client’s abilities to add new positions to certain crude contracts.The global oil market is on track to test storage capacity limits …read more […]

No Picture
Trading Ideas

COVID-19 Has Made This Digital Investment a Necessity

In March, Americans had their lives upended.
Streets emptied, and businesses closed up shop.
Entire workforces shifted online.
Elementary schools, high schools and universities locked their doors. But students are still attending classes remotely.
The global COVID-19 pandemic brought the real world to a screeching halt.
But while empty cubicles gather dust and schoolyards remain quiet, the digital realm is thriving.
It’s fascinating that this metamorphosis was already underway. COVID-19 is just speeding up the pace. And I don’t think there’s any going back.
So investors need to prepare their portfolios for this new world order… if they haven’t already.
Stay-at-Home Economy Brings Home the Bacon
The COVID-19 economy …read more […]

No Picture
Trading Ideas

Piglets aborted, chickens gassed as pandemic slams meat sector

With the pandemic hobbling the meat-packing industry, Iowa farmer Al Van Beek had nowhere to ship his full-grown pigs to make room for the 7,500 piglets he expected from his breeding operation. The crisis forced a decision that still troubles him: He ordered his employees to give injections to the pregnant sows, one by one, that would cause them to abort their baby pigs. Van Beek and other farmers say they have no choice but to cull livestock as they run short on space to house their animals or money to feed them, or both. …read more […]