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Constitutional Court Upholds Suspension Of Tahoe’s Mining License… Shares Fall 20%

Constitutional Court Upholds Suspension Of Tahoe’s Mining License… Shares Fall 20%

According to unconfirmed sources, Tahoe Resources (TAHO) has learned that the Guatemalan Constitutional Court issued a decision yesterday to uphold the lower court’s preliminary ruling to suspend its mining license at Tahoe’s Escobal Mine. This new ruling caused Tahoe’s shares to sell off more than 20% during trading today.  I first wrote about the trouble at […]
The Complete Debt Ceiling Decision Tree: “An Alarmingly High Probability Of A Very Bad Outcome”

The Complete Debt Ceiling Decision Tree: “An Alarmingly High Probability Of A Very Bad Outcome”

For all the breathless newsflow over the past 7 days, the single most consequential event of last week was the sudden jump in debt ceiling/government shutdown odds following Donald Trump’s confrontational Phoenix speech, which laid out a problematic dilemma: Trump’s Mexican wall, or a government shutdown. While various financial pundits rushed to discount the odds […]
S&P 500 Snapshot: Up 0.72% WoW

S&P 500 Snapshot: Up 0.72% WoW

The S&P opened Friday above its previous close and hit its intraday high within a couple of hours. The index closed the day with a 0.17% gain from Thursday and 0.72% gain from the previous Friday. The U.S. Treasury puts the closing yield on the 10-year note at 2.17%. Here is a daily chart of […]
3 Underrated Bond ETFs For Your Income Portfolio

3 Underrated Bond ETFs For Your Income Portfolio

I write a ton of words every week on the topic of building income portfolios using exchange-traded funds. Some articles are purely an exercise in research and education, while others are directed towards real-world concepts that we are implementing for clients of our firm. It’s through this process that I often dive into a new fund […]
Forex Critical: Putting The Mexican Peso And Canadian Dollar On Shorter Leashes

Forex Critical: Putting The Mexican Peso And Canadian Dollar On Shorter Leashes

Currency speculators have not been this bullish on the Mexican peso in about four years. The Canadian dollar (FXC) has enjoyed such bullishness for a year longer. In 2017, the Mexican peso broke its longest post-recession spell of bearishness. How long will traders keep up this mood swing? In 2017, currency traders swung sharply from […]
Yellen Talks Tough On Regulations At Her Last Jackson Hole Event

Yellen Talks Tough On Regulations At Her Last Jackson Hole Event

In my last article, I discussed the possibilities of Yellen’s Friday speech at Jackson Hole. I was accurate in my expectation of what her speech would be on as the main point of her speech was to defend the regulations put in place since the last financial crisis. This was the speech of someone who […]
A Quiet Friday In August

A Quiet Friday In August

Podcast: Play in new window | Download (Duration: 13:16 — 7.6MB) DOW + 30 = 21,813 SPX + 4 = 2443 NAS – 5 = 6265 RUT + 3 = 1377 10 Y – .02 = 2.17% OIL + .43 = 47.86 GOLD + 5.00 = 1291.80 BITCOIN – 1.09% = 4360.42 USD ETHEREUM – 0.90% = 328.87 For […]
Immunomedics – Chart Of The Day

Immunomedics – Chart Of The Day

The Chart of the Day belongs to Immunomedics (IMMU). I found the biomedical stock by using Barchart to sort today’s Top Stocks to Own list first for the highest Weighted, then again for technical buy signals of 80% or more. Since the Trend Spotter signaled a buy on 8/22 the stock gained 9.61%. Immunomedics Inc. is a New Jersey-based biopharmaceutical company […]
EURGBP Remains On The Offensive, Extends Bullishness

EURGBP Remains On The Offensive, Extends Bullishness

EURGBP- The cross continues to hold on to its upside pressure,closing strongly higher the past week and opening the door for more strength. Support lies at the 0.9200 level where a violation will turn focus to the 0.9150 level. A break will expose the 0.9100 level. Resistance resides at the 0.9250 level where a violation […]
Bitcoin Hedge Fund Up 2,129% Raises Concerns

Bitcoin Hedge Fund Up 2,129% Raises Concerns

With Bitcoin up a strong 321% year to date, cryptocurrency hedge fund manager John Chalekson looks like a genius. The crypto hedge fund, whose marketing materials for limited liability partnerships are available online, delivered 2,129% returns to investors basis August without using leverage. In fact, in May, Chalekson claims to have been up 273%, primarily […]