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Why The Price Of Ripple Will Rise Above 0.50 USD In 2017

Why The Price Of Ripple Will Rise Above 0.50 USD In 2017

Things look very bullish for Ripple. Given the setup of Ripple’s chart combined with the fundamental drivers behind Ripple we expect that Ripple’s price will rise to $0.50 in 2017, around year-end the latest. First, and foremost, Ripple’s chart looks awesome. After an amazing rise early this year, Ripple’s price touched $0.40, and came back sharply since then. From […]
Fed Study Shows Phillips Curve Is Useless: Admitting The Obvious

Fed Study Shows Phillips Curve Is Useless: Admitting The Obvious

The Phillips Curve, an economic model developed by A. W. Phillips purports that inflation and unemployment have a stable and inverse relationship. This has been a fundamental guiding economic theory used by the Fed for decades to set interest rates. A new Fed Study shows the Phillips Curve Doesn’t Work. A fundamental relationship of mainstream economic theory […]
SPY Boundaries

SPY Boundaries

Even though the “end of the world sell-off” ended almost instantly this morning, I’m having a good day. I’m up 1.8% on my regular portfolio and about 3% on my ETF portfolio, in spite of being completely short (the one exception being my NUGT long, which I closed promptly this morning). The SPY is key […]
Gasoline Futures Coming To A Head

Gasoline Futures Coming To A Head

The price of Gasoline RBOB Futures is coming to a head in this large triangle formation, as shown on the following Monthly chart. Watch for a breakout and hold above its apex around the 1.6445 level, together with a new swing high on the Momentum indicator, to confirm sustainable bullish sentiment.
With $12B Deal, Kite Pharma Continues To Soar

With $12B Deal, Kite Pharma Continues To Soar

Written by Kevin Dowd, PitchBook It’s been a heady year for shareholders in Kite Pharma (Nasdaq: KITE). Between the start of January and the end of last week, the price of the company’s stock rose more than 200%, shooting from below $46 to close trading on Friday at $139.10. That prompted plenty of skepticism among short sellers […]
The Cleanest Shirt Is Actually Pretty Dirty

The Cleanest Shirt Is Actually Pretty Dirty

Remember last November when it seemed like everyone was a US dollar bull? Either they thought Trump would usher in the next Reaganesque US economic free market nirvana, or they were convinced there was this massive US dollar emerging markets short position from the years of USD debt issuance. Nothing better illustrates the one sided nature of […]
Euro Rally Goes Nuclear (Figuratively And Literally), European Stocks Hit 6-Month Lows

Euro Rally Goes Nuclear (Figuratively And Literally), European Stocks Hit 6-Month Lows

The euro is still the story in FX land. It’s now just a matter of: “is there a reason to not be bullish today?” The answer on Monday was “no,” and so… 1.20 here we fucking come. That’s from yesterday and not only was there no reason to turn bearish on Tuesday, there was instead another reason […]
Tesla Dips Amid Concern Model 3 Reservations Won’t Turn Into Buys

Tesla Dips Amid Concern Model 3 Reservations Won’t Turn Into Buys

In recent days, two research firms have expressed worries that many of the people who have placed pre-orders for Tesla’s (TSLA) Model 3 may not actually buy the vehicles. Goldman Sachs believes that limits on tax credits could hurt Model 3 sales, while Bernstein worried that the problems that Tesla experienced with the launch of […]
Uranium Summer Drilling ‘Continues To Impress’

Uranium Summer Drilling ‘Continues To Impress’

TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. Uranium exploration in the Athabasca Basin has revealed promising results for expansion, two industry analysts say. FCU’s Summer 2017 Drill Program Fission Uranium Corp. (FCU:TSX; FCUUF:OTCQX; 2FU:FSE) announced on Aug. 23 that it had […]
Gold Breaks Out To New 2017 High

Gold Breaks Out To New 2017 High

Gold’s naysayers and doubters came out in full force earlier this summer as sentiment reached its nadir. The mid-year pullback in prices did, too. There can be no doubt about it now – gold has broken out of its summer doldrums. On Monday, the yellow metal finally broke through the longstanding $1,300/oz resistance zone to […]