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 threatens the 200-day SMA near 1.3440

GBP/USD rapidly leaves behind Wednesday’s strong advance, coming under heavy pressure and retesting the 1.3440 zone, where the critical 200-day SMA is located. 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 trims gains, slips back to around $5,170

Gold is now facing some downside pressure, hovering around the $5,170 region on Thursday. The yellow metal surrenders part of its earlier gains on the back of the resurgence of the buying interest in the Greenback. In the meantime, geopolitical tensions in the Middle East continue to limit the downside potential for now.