Archives for May 2018

May 2018 - Page 6 of 19 - Money Morning - Only the News You Can Profit From

How to Profit as Oil Nears $80

by

On Tuesday (May 22), West Texas Intermediate crude futures hit $72.72 a barrel, their highest level since 2014.

This is just the latest benchmark in a nine-month rally that has seen oil prices soar over 50% since August 2017.

Oil's aggressive rally has pushed oil stocks up as well.

SPDR S&P Oil & Gas Exploration & Production ETF, an ETF comprised of oil stocks, has gone up 48% since last August.

For comparison, the S&P 500 has only gained 13% over the same period.

With stocks riding increasing oil prices to new market highs, we've identified the best oil stock to buy as the rally continues.

It's a mid-cap oil company that facilitate oil transportation - and it's on track for strong gains.

Here's My Newest Target for the Price of Silver

by

A funny thing happened with the price of silver early last week. After both silver and gold dropped in the face of surging 10-year Treasury yields and the U.S. dollar, silver parted ways with gold.

Gold prices corrected, then essentially moved sideways. Silver prices, on the other hand, rose mid-week even as the dollar was gaining and gold wasn’t.

I think silver will continue to move from underpriced to more fairly priced. And a couple of technical indicators continue to support that view.

The 10 Top Penny Stocks to Watch This Week; Gains Over 98%

by

Our list of the 10 top penny stocks to watch this week included a 288% gainer, which shows you the power of owning penny stocks.

Penny stocks are great for investors who want strong returns without a large initial investment.

That's why we're /pinging you the top penny stocks to watch this week.

Just take Seadrill Ltd., last week's biggest gainer.

On May 17, this oil company gained 44% in just two hours on news that the company had successfully initiated restructuring efforts.

Seadrill continued its rally to close the week with a 98% gain from Monday’s opening price.

The U.S.-China Trade Dispute Calmed This Morning, but Uncle Sam Doesn't Want You to Know Why

by

The U.S.-China trade dispute is "on hold," announced U.S. Treasury Secretary Steven Mnuchin yesterday (May 20).

This morning, markets surged in response to this news – though no one knew exactly why the ongoing tariff war was postponed indefinitely.

But we know what brought about this outcome; in fact, U.S. President Donald Trump practically verified our suspicions earlier today.

Have a look...

The Price of Gold Is Falling, but These Technical Indicators Point to an Upcoming Rally

by

Last week was a rough one for the price of gold, and you don't have to look far to figure out why.

The U.S. 10-year Treasury bond rose back above 3% to reach 3.05% on Tuesday (May 15), the highest it's been since 2014. It went even higher over the next couple of days, spending the rest of the week above 3%.

But an end to this gold price correction may be near, and I'll tell you why. In fact, what was old support may soon become the new resistance for the dollar.