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Market In Review: Markets Overcome Weak Nonfarm Payroll Report

Market In Review: Markets Overcome Weak Nonfarm Payroll Report

■ S&P, Nasdaq, FTSE 100, DAX rally Thu-Fri, setting new all-time highs ■ May Nonfarm Payrolls fails to meet analyst 182K expectations, managing a meek 138K job gain ■ Markets still eye June 14th Fed hike ■ USD to devaluates 0.6% vs. EUR on Friday, 0.9% vs. JPY on lowered Fed policy outlook ■ Oil declines […]
Weekly Economic & Political Timeline – Sunday, June 4

Weekly Economic & Political Timeline – Sunday, June 4

There are again relatively few high-impact news items scheduled this week, compared to last week. However, very important central bank input is due from the European Central Bank, as well as from the Reserve Bank of Australia. A General Election will be held in Britain on Thursday and as results come in at the end […]
Mutual Funds Versus Hedge Funds: Where They Agree And Disagree

Mutual Funds Versus Hedge Funds: Where They Agree And Disagree

Recently, I wrote some stuff about hedge funds and mutual funds. If that’s the kind of thing you’re into (or if you want to read about hookers, groupies, Xanax, cocaine, and Maseratis) you should check out these two posts: Hedge Funds Are Still Trailing The S&P And Cocaine Ain’t Gettin’ Any Cheaper 2/3 Of Growth […]
Stocks Aren’t As Expensive As You Think

Stocks Aren’t As Expensive As You Think

With the stock market at or near all-time highs, very few new investors have felt the desire to jump into the melee. I certainly don’t blame them for thinking so, after all, the old adage always says to buy low and sell high. So wouldn’t you expect far more people to be selling right about now? […]
Oil Price Is Not Dictated By OPEC, Market Conditions And Demand Guide

Oil Price Is Not Dictated By OPEC, Market Conditions And Demand Guide

Fundamental Forecast for US Oil : Neutral Talking Points: OPEC extend production cuts and hints of further belt tightening, the market ignores the news Demand is proving slow to change even as the summer driving season swings in for the North The Trump administration’s withdrawal from the Paris Climate deal is unlikely to change dynamics Jawboning […]
Weekly Forex Forecast – Sunday, June 4

Weekly Forex Forecast – Sunday, June 4

Silver Silver markets initially fell during the week, but turned around to form a massive hammer by the time we closed on Friday. We bounced off the $17 level underneath, and found resistance at the $17.50 level above. By forming a hammer, I suggested that we should continue to go higher, and move above the […]
Withdrawal From Paris Agreement And Gold

Withdrawal From Paris Agreement And Gold

President Trump announced his decision to withdraw the U.S. from the Paris Climate Accord. What does it mean for the gold market? On Thursday, Trump declared that the United States was getting out from the global climate pact: “In order to fulfill my solemn duty to protect America and its citizens, the United States will withdraw from […]
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                        Lack Of Participation From Miners Denotes An Underlying Weakness

E Lack Of Participation From Miners Denotes An Underlying Weakness

Gold and Silver jumped to fresh highs, but miners are lagging significantly; they should be up 3%+. The lack of participation in miners implies that the metal rally is running on fumes. I expect gold and silver to turn lower next week. -GDX- Miners are modestly higher and maintaining the trendline while gold and silver […]
Clear Skies For Equities; But What About Gold?

Clear Skies For Equities; But What About Gold?

US Equities markets didn’t even blink with the announcement that the United States is now aligned with Syria in rejecting the Paris Climate Accord. How that relates to good business over the longer term seems elusive. This week’s market action demonstrates how equities pricing horizon is all about the next quarter. Hence, all our key […]
UK Soccer Players Abandon Pound, Demand Payment In Euros

UK Soccer Players Abandon Pound, Demand Payment In Euros

Leading English Premier League football (soccer) stars are demanding to be paid in euros because of the weak value of the Pound, according to Manchester United, the wealthiest club in world football. As The FT reports, speaking at the KPMG Football Benchmark event in London on Wednesday. Cliff Baty, the English Premier League side’s chief financial officer […]