Overbought Market

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3 Values In An Overbought Market
Seeking Alpha· 2025-10-08 16:18
Live Chat on The Biotech Forum sees frequent discussion of specific covered call trades. To see what covered call trades I am currently executing along with a model portfolio of attractive biotech stocks, just initiate your free trial into The Biotech Forum by clicking HERE .My regular readers know I believe the overall market is in extremely overbought territory. That said, the market indexes continue to trade at/near all-time highs and are showing resiliency despite a current government shutdown and a cle ...
Gold sizzles — really sizzles — before Fed decision
Yahoo Finance· 2025-09-14 12:12
Group 1: Gold Market Performance - Gold prices have increased by approximately 39% in 2025, closing at $3,649.40 per troy ounce, outperforming major stock indexes and bitcoin, which rose 24% [1] - In September alone, gold has risen nearly 5%, with speculation that it could reach $4,000 soon [1] - On an inflation-adjusted basis, gold has regained all losses since its peak of $850 per ounce in January 1980 [2] Group 2: Stock Market Trends - The Nasdaq Composite has surged 50% since the April low, indicating a strong correlation between stock performance and gold prices [3] - Futures trading suggests a modestly higher opening for stocks, with expectations of a Federal Reserve interest rate cut [3][4] Group 3: Market Indicators - The Federal Reserve is anticipated to cut the federal funds rate by 0.25%, potentially lowering it to a range of 4% to 4.25% [4] - Gold's relative strength index (RSI) was above 75, indicating it may be overbought, as it remained stagnant after reaching a record $3,715 [5] - The SPDR Gold Shares ETF (GLD) has been stable since hitting $338.31 per troy ounce, with an RSI of 76.8% [6] Group 4: Company-Specific Performance - Newmont (NEM) has seen a 113% increase with an RSI of 78.3 [7] - Kinross Gold (KCG) has risen by 151%, with an RSI of 81.6 [7] - Agnico Eagle Mines (AEM) has increased by 96%, with an RSI of 76 [7]
SLVR: A Good ETF In A Likely Overbought Silver Market
Seeking Alpha· 2025-07-12 12:41
Price Action Summary - The price of silver has experienced significant movement over the past month, breaking out into the $36 range after fluctuating between $30 and $34 per ounce since last summer [1]