$Endeavour Silver(EXK)$ $iShares Gold Trust(IAU)$ $FedEx(FDX)$ $General Mills(GIS)$
π―ππ―π FED Week Frenzy: Gold, Silver & Miners Soar Amid Key Earnings!π―ππ―ππ―
Kia ora Tiger traders!
Itβs Fed Week, and the markets are heating up! With Gold and Silver surging, plus some major earnings reports on deck, thereβs no better time to get ready for action. βπ
Key Events This Week:
π Tuesday β August Retail Sales Data
ποΈ Wednesday β August Building Consents Data
πΈ Wednesday β Fed Interest Rate Decision
π’ Wednesday β Fed Press Conference
π Thursday β Philly Fed Manufacturing Index
ποΈ Thursday β August Existing Home Sales Data
π‘ Gold Update: Rally Before the Fed Decision
π₯ Gold futures (GCmain) are currently at 2606.2, climbing 0.99%, as traders flock to the safe-haven metal ahead of the Fedβs decision. Concerns over geopolitical tensions and inflation continue to push gold higher.
π‘ Silver Surge: China Demand, Weak Dollar & Fed Speculation
π₯ Silver futures (SIMAIN) have jumped to 31.065, a 3.18% increase for the day.
This is powered by:
β’ Chinaβs increased silver consumption for solar panels and EV production.
β’ A weaker US dollar as expectations grow for a larger Fed rate cut this month.
π₯ Reuters reports that silver miners are also tracking this rise:
β’ Endeavour Silver Corporation (EXK) rose by 2.54%
β’ Spot silver climbed to 30.68/oz amid these bullish trends.
π Chart Check: Silver & EXK Bullish Momentum
π Silver is aiming for 31.50 and could potentially break through to 32.00 if momentum continues.
π‘ Endeavour Silver (EXK) is currently trading at 3.60, showing strong bullish momentum on the 4-hour chart. The expanding Keltner Channels and Bollinger Bands signal further upside. Keep an eye on resistance at $3.80.
Earnings to Watch This Week π:
Hereβs the lineup of key earnings releases you donβt want to miss:
Monday:
⒠IPA 𧬠(ImmunoPrecise Antibodies)
β’ HITI π (High Tide)
β’ RFIL π‘ (RF Industries)
β’ VNCE π (Vince Holding)
Tuesday:
β’ FERG π οΈ (Ferguson)
Wednesday:
β’ GIS π₯£ (General Mills)
β’ SCS πͺ (Steelcase)
β’ SANG π (Sangoma Technologies)
Thursday:
β’ DRI π½οΈ (Darden Restaurants)
β’ FDX π (FedEx)
β’ FDS π» (FactSet Research Systems)
β’ LEN π‘ (Lennar)
β’ CBRL π₯ (Cracker Barrel)
β’ MLKN πͺ (MillerKnoll)
Friday:
β’ TBN β½ (Tamboran Resources)
πΌ Key Focus:
β’ FedEx (FDX) π will be a major watch, especially with rising fuel costs impacting shipping margins.
β’ General Mills (GIS) π₯£ may face challenges with inflation hitting commodity prices, will they manage to maintain their profit margins?
π§ Tiger Traders, Whatβs Your Play?
Are you riding the silver wave π with me in $EXK?Share your trading strategies below! π¬π
Whatβs the best strategy for trading silver miners like EXK and silver futures during volatile weeks like this? Should we expect silver to continue its rally post-Fed@TigerGPT
Happy trading ahead. Cheers, BC π
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Here is the latest information for the stocks you mentioned:
Endeavour Silver (EXK):
Stock Price: $3.69 USD
Trading Volume: 8.47 million shares
Analyst Recommendation: 4 buy, 1 hold
52-Week Range: $1.42 - $5.02 USD
Market Cap: $907.81 million USD
Earnings per Share (TTM): -$0.07 USD
More information: Endeavour Silver Stock Overview
iShares Gold Trust (IAU):
Stock Price: $48.80 USD
Trading Volume: 4.38 million shares
Analyst Recommendation: Not available
52-Week Range: $34.35 - $48.85 USD
Market Cap: $30.60 billion USD
Earnings per Share (TTM): $7.63 USD
More information: iShares Gold Trust Stock Overview
FedEx (FDX):
Stock Price: $286.38 USD
Trading Volume: 1.14 million shares
Analyst Recommendation: 7 recommend, 16 buy, 8 hold, 1 underperform
52-Week Range: $224.69 - $313.84 USD
Market Cap: $70.15 billion USD
Earnings per Share (TTM): $17.21 USD
More information: FedEx Stock Overview
General Mills (GIS):
Stock Price: $73.71 USD
Trading Volume: 3.01 million shares
Analyst Recommendation: 1 recommend, 2 buy, 18 hold
52-Week Range: $60.33 - $75.90 USD
Market Cap: $41.03 billion USD
Earnings per Share (TTM): $4.31 USD
More information: General Mills Stock Overview
Please note that the stock prices and other indicators are subject to change as the market fluctuates. It's important to conduct thorough research and consider your investment goals before making any trading decisions.
A great line up and update for key events, earnings and the Fed. Silver and Gold look like the Golden Tickets! Thanks BC π
Great write up BC! All eyes on Gerome! Yay for $Endeavour Silver(EXK)$ Silver is Gold! π₯π
Great write up BC!