Here Comes Gold $1,400

It’s official: The Fed holds rates steady, but leaves the door open for a cut should the economy weaken at some point this year.

The major averages jumped on the news as the sold-out bulls piled back into stocks. Futures are rising early this morning, setting the stage for a test of all-time highs.

But the biggest winner might be gold.

Gold futures are ripping higher this morning, gaining more than 2.7% to post new five-year highs. No, that’s not a typo. The last time gold came this close to flirting with $1,400 was March 2014.


It’s been a long, strange trip. But this is the big breakout you’ve waited for all year. Next stop, $1,400…

Want to see how I’m playing the gold breakout? Get my latest picks by clicking here.

Next up: the competition is heating up for scandal-plagued Boeing Co. (NYSE:BA)

While Boeing remains literally and figuratively grounded, Airbus is picking up the slack.

Airbus’ new A321XLR (eXtra Long Range) plane already has more than 100 customers lined up and ready to buy the planes. Air Lease Corp. wants to buy 100 planes from Airbus including 27 A321XLRs that could lead to a potential $11 billion in sales for Airbus, according to Bloomberg.

Fifty Airbus A321XLRs are going to American Airlines. It will be the first American carrier of the new plane, per CNBC. The A321XLR appeals to so many buyers because it’s a medium sized plane that’s able to cover a lot more distance than other similar, older planes.

The new Airbus models are starting to dominate their segment while Boeing attempts to get its 737 MAX fleet back in the friendly skies. Boeing has a competing plane in development, Bloomberg notes, but the 737 MAX crashes and subsequent investigations continue to postpone its release.

Luckily, Boeing caught a break earlier this week when International Consolidated Airlines signed an order to purchase 200 737 Max planes, CNBC notes. This is the first order for the jet since the fleet was grounded.

Boeing stock popped more than 5% on the news, posting its strongest single-day gain since January.


When we last checked in on the Boeing controversy, the company had just announced it would dial back the production of 737 MAX jets by upwards of 20% as the jet remained grounded. The stock has now recovered every inch of the ground it lost following its early May breakdown — and then some.

If we tune out the negative news and focus solely on price, it’s not a stretch to say the worst of Boeing’s drop could be in the rearview.

If you’re still worried about a world-ending market crash, perhaps I can interest you in a state-of-the-art bomb shelter.

Luxury bunker condos built in an old missile silo might be the next hottest thing in apocalypse-related real estate, Business Insider reports.

Starting at $3 million, these nuclear-proof abodes are housed in a retired Cold-War era Atlas ICBM silo near Wichita, Kansas. The condos are the brainchild of a man named Larry Hall who bought the silo for $300k. He says that the entire silo can house 75 people for five years, BI notes.

While the bunker is equipped with a swimming pool, movie theater and library, it’s unclear if it also comes with a Mad Max hot rod to scour the irradiated wastelands after the bombs drop.

If you needed a sign that proves 2019 is quickly becoming a dystopian nightmare, look no further…

Finally, keep your eyes peeled for the Slack IPO today.

Workplace message-sharing company Slack is going public today on the New York Stock Exchange under the ticker WORK. It’s expected to price near $26 per share. But unlike some other recent offerings, Slack has opted for a direct listing, “eschewing the typical IPO process in favor of putting its current stock on to the NYSE without doing an additional raise or bringing on underwriter banking partners,” Tech Crunch notes.

We’ll know soon enough if investor demand is as strong as the folks at Slack hope…


Greg Guenthner

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Greg Guenthner

Greg Guenthner, CMT, is the editor of Sunrise Profits and Seven Figure Signals. He has been with Agora Financial/Seven Figure Publishing since 2005. In 2019, the average position in Greg’s Rude Awakening PRO portfolio outperformed the S&P 500 by 1.65x.

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