New objectives in S&P 500, outlooks for oil, precious metals and USD [Video]

Dale J Pinkert Independent Analyst

In today's live stream, Coach Dale Pinkert welcomes David Hunter to discuss the markets, trends, and share incredible insights and tips. David is a contrarian macro strategist with over 40 years on Wall Street.

Coach and David discuss "The Meetup in Stocks." They go over different objectives and what will be the pin to pop this bubble. David is Bullish Gold and Silver looking for $2,500 and $50, respectively.

What is Contrarian Investing?

Contrarian Investing is an investment strategy that is characterized by purchasing and selling in contrast to the prevailing sentiment of the time. A contrarian believes that certain crowd behavior among investors can lead to exploitable mispricings in securities markets.

Contrarian investing involves bucking against existing market trends to generate profits. The idea is that markets are subject to herding behavior augmented by fear and greed, making markets periodically over- and under-priced. Being a contrarian can be rewarding, but it is often a risky strategy that may take a long time to pay off.

Author

Dale J Pinkert

Independent Analyst

Former Member of the Chicago Mercantile Exchange (IOM Division), Dale's market forecasts have been aired on Financial Television and Radio station including CNBC.

EUR/USD flirts with weekly lows near 1.1770

EUR/USD now comes under further selling pressure, breaking below the 1.1800 support to challenge the area of weekly throughs near 1.1770 on Thursday. The pair’s decline comes in response to marked gains in the US Dollar amid steady geopolitical tensions. Ealier in the day, the ECB’s Lagarde delivered cautious remarks, although the currency remained apathetic.

GBP/USD makes a U-turn, challenges 1.3500

GBP/USD rapidly leaves behind Wednesday’s strong advance, putting the 1.3500 support to the test on Thursday. Cable’s deep pullback follows the strong gains in the Greenback, while investors continue to pencil in a potential BoE rate cut in March.

Gold sticks to the bid bias, flirts with $5,200

Gold is now facing some downside pressure, hovering around the $5,170 region on Thursday. The precious metal adds to Wednesday’s optimism despite the Greenback trades in a firm fashion, although geopolitical tensions in the Middle East keep the yellow metal bid for now.