Wall Street Greek

Oil Prices will Fly to New High

2016-06-22T10:27:00.002-04:00

Oil prices are rising along with other risky assets as a key risk appears to be coming off the table. With the Fed cleared away (for now) and with Brexit seemingly about to be resolved favorably, oil prices have been freed to fly. Crude also continues to benefit from seasonal favor, though higher prices could eventually draw new supply action from our competitors to the east. As discussed in my last article on that issue, oil should retrace highs near-term nonetheless. See the whole story at Oil Prices are Free to Fly.

Energy Complex	AM Indication
SPDR S&P 500 (NYSE: SPY) for comparison	+0.1%
United States Oil (NYSE: USO)	+0.8%
iPath S&P GSCI Crude Oil (NYSE: OIL)	+1.6%
Energy Select Sector SPDR (NYSE: XLE)	+0.4%
SPDR S&P Oil & Gas E&P (NYSE: XOP)	+1.6%
VanEck Vectors Oil Services (NYSE: OIH)	+0.3%
Exxon Mobil (NYSE: XOM)	+0.1%
Chevron (NYSE: CVX)	+0.1%
BP p.l.c. (NYSE: BP)	+0.9%
Total S.A. (NYSE: TOT)	+0.0%
ConocoPhillips (NYSE: COP)	+0.5%
Royal Dutch Shell plc (NYSE: RDS-A)	+0.6%
Marathon Oil (NYSE: MRO)	+2.1%
Pioneer Natural Resources (NYSE: PXD)	+0.3%
Chesapeake Energy (NYSE: CHK)	+1.7%
Schlumberger (NYSE: SLB)	+0.4%

Stocks will Soar

2016-06-21T08:29:00.002-04:00

At the start of the month I suggested investors protect wealth due to “the many perils of June.” We have seen volatility since, but a couple important changes in underlying factors call for a change in sentiment now. Even so, the early gains we are seeing today could very well give way again this week, opening up another opportunity to buy on the dip ahead of what I have always expected and suggested would be a “remain” vote in the U.K. referendum. See the whole story at Stocks will Soar to New High.

Stocks

Security Sector	06-20-16
SPDR S&P 500 (NYSE: SPY)	+1.1%
SPDR Dow Jones (NYSE: DIA)	+1.1%
PowerShares QQQ (Nasdaq: QQQ)	+1.3%
iShares Russell 2000 (NYSE: IWM)	+1.8%
Vanguard Total Stock Market (NYSE: VTI)	+1.1%
Financial Select Sector SPDR (NYSE: XLF)	+1.0%
Technology Select Sector SPDR (Nasdaq: XLK)	+1.0%
Energy Select Sector SPDR (NYSE: XLE)	+1.3%
Health Care Select Sector SPDR (NYSE: XLV)	+1.0%
Consumer Discretionary Select Sector SPDR (NYSE: XLY)	+1.3%
Consumer Staples Select Sector SPDR (NYSE: XLP)	+0.5%
Utilities Select Sector SPDR (NYSE: XLU)	-0.3%
Materials Select Sector SPDR (NYSE: XLB)	+1.1%
Industrial Select Sector SPDR (NYSE: XLI)	+1.3%
iPath S&P 500 VIX ST Futures (NYSE: VXX)	-8.8%
SPDR Gold Trust (NYSE: GLD)	-0.7%
United States Oil (NYSE: USO)	+2.0%
PowerShares DB US Dollar Bullish (NYSE: UUP)	-0.6%

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only. Article should interest investors in SPDR Dow Jones Industrial Average (NYSE: DIA), SPDR S&P 500 (NYSE: SPY), PowerShares QQQ Trust (Nasdaq: QQQ), ProShares Short Dow 30 (NYSE: DOG), ProShares Ultra Short S&P 500 (NYSE: SDS), ProShares Ultra QQQ (NYSE: QLD), NYSE Euronext (NYSE: NYX), The NASDAQ OMX Group (Nasdaq: NDAQ), Intercontinental Exchange (NYSE: ICE), E*Trade Financial (Nasdaq: ETFC), Charles Schwab (Nasdaq: SCHW), Asset Acceptance Capital (Nasdaq: AACC), Affiliated Managers (NYSE: AMG), Ameriprise Financial (NYSE: AMP), TD Ameritrade (Nasdaq: AMTD), BGC Partners (Nasdaq: BGCP), Bank of New York Mellon (NYSE: BK), BlackRock (NYSE: BLK), CIT Group (NYSE: CIT), Calamos Asset Management (Nasdaq: CLMS), CME Group (NYSE: CME), Cohn & Steers (NYSE: CNS), Cowen Group (Nasdaq: COWN), Diamond Hill Investment (Nasdaq: DHIL), Dollar Financial (Nasdaq: DLLR), Duff & Phelps (Nasdaq: DUF), Encore Capital (Nasdaq: ECPG), Edelman Financial (Nasdaq: EF), Equifax (NYSE: EFX), Epoch (Nasdaq: EPHC), Evercore Partners (NYSE: EVR), EXCorp. (Nasdaq: EZPW), FBR Capital Markets (Nasdaq: FBCM), First Cash Financial (Nasdaq: FCFS), Federated Investors (NYSE: FII), First Marblehead (NYSE: FMD), Fidelity National Financial (NYSE: FNF), Financial Engines (Nasdaq: FNGN), FXCM (Nasdaq: FXCM), Gamco Investors (NYSE: GBL), GAIN Capital (Nasdaq: GCAP), Green Dot (Nasdaq: GDOT), GFI Group (Nasdaq: GFIG), Greenhill (NYSE: GHL), Gleacher (Nasdaq: GLCH), Goldman Sachs (NYSE: GS), Interactive Brokers (Nasdaq: IBKR), INTL FCStone (Nasdaq: INTL), Intersections (Nasdaq: INTX), Investment Technology (NYSE: ITG), Invesco (NYSE: IVZ), Jefferies (NYSE: JEF), JMP Group (NYSE: JMP), Janus Capital (NYSE: JNS), KBW (NYSE: KBW), Knight Capital (NYSE: KCG), Lazard (NYSE: LAZ), Legg Mason (NYSE: LM), LPL Investment (Nasdaq: LPLA), Ladenburg Thalmann (AMEX: LTS), Mastercard (NYSE: MA), Moody’s (NYSE: MCO), MF Global (NYSE: MF), Moneygram (NYSE: MGI), MarketAxess (Nasdaq: MKTX), Marlin Business Services (Nasdaq: MRLN), Morgan Stanley (NYSE: MS), MSCI (Nasdaq: MSCI), MGIC Investment (NYSE: MTG), NewStar Financial (Nasdaq: NEWS), National Financial Partners (NYSE: NFP), Nelnet (NYSE: NNI), Northern Trust (Nasdaq: NTRS), NetSpend (Nasdaq: NTSP), Ocwen Financial (NYSE: OCN), Oppenheimer (NYSE: OPY), optionsXpress (Nasdaq: OXPS), PICO (Nasdaq: PICO), Piper Jaffray (NYSE: PJC), PMI Group (NYSE: PMI), Penson Worldwide (Nasdaq: PNSN), Portfolio Recovery (Nasdaq: PRAA), Raymond James (NYSE: RJF), SEI Investments (Nasdaq: SEIC), Stifel Financial (NYSE: SF), Safeguard Scientifics (NYSE: SFE), State Street (NYSE: STT), SWS (NYSE: SWS), T. Rowe Price (Nasdaq: TROW), Visa (NYSE: V) and Virtus Investment Partners (Nasdaq: VRTS).

Gold Bubble – Brexit Fear

2016-06-20T08:19:00.000-04:00

Everybody and his financial planner seem to favor gold these days, at least on the parallel reality that is business television. Some like gold because of the current uncertainty plaguing Europe, with the upcoming Brexit vote in focus. Others proclaim gold’s merits because of the Fed’s decision to refrain from rate action in June, and because of the market’s expectation for no action until December. But gold favor based on these factors is set upon false premise, in my view, and so a gold bubble has been inflated. I expect it will burst as current expectations are replaced by a different reality over the next couple months. Thus, I continue to recommend the sale of gold securities and also hedging against long-term physical gold holdings, which are always recommended for long-term diversification and wealth protection. See this full story at Gold Bubble - Part I (on Brexit).

Precious Metal Securities	06-17-16
SPDR Gold Trust (NYSE: GLD)	+1.3%
iShares Gold Trust (NYSE: IAU)	+1.3%
iShares Silver Trust (NYSE: SLV)	+1.8%
Direxion Daily Gold Miners Bull 3X (NYSE: NUGT)	+3.3%
Direxion Daily Gold Miners Bearish 3X (NYSE: DUST)	-3.6%
Market Vectors Gold Miners (NYSE: GDX)	+1.2%
Market Vectors Junior Gold Miners (NYSE: GDXJ)	+1.4%
Goldcorp (NYSE: GG)	+1.3%
Newmont Mining (NYSE: NEM)	+0.1%
Randgold Resources (Nasdaq: GOLD)	+0.3%
Barrick Resources (NYSE: ABX)	+0.3%
Yamana Gold (NYSE: AUY)	-2.2%
Gold Fields Ltd. (NYSE: GFI)	+1.4%
Silver Wheaton (NYSE: SLW)	+0.7%
Coeur Mining (NYSE: CDE)	+3.2%

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only. Article should interest investors in precious metals stocks: Goldcorp (NYSE: GG), Agnico-Eagle Mines (NYSE: AEM), Allied Nevada Gold (AMEX: ANV), AngloGold Ashanti (NYSE: AU), AuRico Gold (NYSE: AUQ), Aurizon Mines (AMEX: AZK), Barrick Gold (NYSE: ABX), Brigus Gold (AMEX: BRD), Charles & Covard (Nasdaq: CTHR), Claude Resources (AMEX: CGR), Commerce Group (OTC: CGCO.PK), Compania Mina Buenaventura S.A. (NYSE: BVN), DRDGOLD (Nasdaq: DROOY), Eldorado Gold (NYSE: EGO), Entrée Gold (AMEX: EGI), Exeter Resource (AMEX: XRA), Gold Fields (NYSE: GFI), Gold Reserve (AMEX: GRZ), Gold Resource (Nasdaq: GORO), Golden Eagle Int’l (OTC: MYNG.PK), Golden Star Resources (AMEX: GSS), Great Basin Gold (AMEX: GBG), Harmony Gold (NYSE: HMY), IAMGOLD (NYSE: IAG), International Tower Hill Mines (AMEX: THM), Jaguar Mining (NYSE: JAG), Keegan Resources (AMEX: KGN), Kimber Resources (AMEX: KBX), Kingold Jewelry (Nasdaq: KGJI), Kinross Gold (NYSE: KGC), Midway Gold (AMEX: MDW), Minco Gold (AMEX: MGH), Nevsun Resources (AMEX: NSU), New Jersey Mining (OTC: NJMC.PK), Newmont Mining (NYSE: NEM), North Bay Resources (OTC: NBRI.OB), Northgate Minerals (AMEX: NXG), NovaGold Resources (AMEX: NG), Richmont Mines (AMEX: RIC), Royal Gold (Nasdaq: RGLD), Rubicon Minerals (AMEX: RBY), Seabridge Gold (AMEX: SA), Solitario Exploration and Royalty (AMEX: XPL), Tanzanian Royalty Exploration (AMEX: TRE), Thunder Mountain Gold (OTC: THMG.OB), U.S. Gold (NYSE: UXG), Vista Gold (AMEX: VGZ), Wits Basin Precious Metals (OTC: WITM.PK), Yamana Gold (NYSE: AUY), Coeur d’Alene Mines (NYSE: CDE), Endeavour Silver (NYSE: EXK), Hecla Mining (NYSE: HL), Mag Silver (AMEX: MVG), Mines Management (AMEX: MGN), Silver Standard Resources (Nasdaq: SSRI), Silver Wheaton (NYSE: SLW), SPDR Gold Trust (NYSEArca: GLD), Market Vectors Gold Miners ETF (NYSEArca: GDX), iShares Silver Trust (NYSEArca: SLV), ProShares Ultra Silver (NYSEArca: AGQ), ProShares Ultra Short Silver (NYSEArca: ZSL), Great Panther Silver (AMEX: GPL), Silvercorp Metals (NYSE: SVM), Paramount Gold and Silver (AMEX: PZG), Pan American Silver (Nasdaq: PAAS) and First Majestic Silver (NYSE: AG).