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Here Is The IMF’s Global Financial Crash Scenario

Here Is The IMF’s Global Financial Crash Scenario

Hidden almost all the way in the end of the first chapter of the IMF’s latest Financial Stability Report, is a surprisingly candid discussion on the topic of whether “Rising Medium-Term Vulnerabilities Could Derail the Global Recovery”, which is a politically correct way of saying is the financial system on the verge of crashing. In the […]
Weekly Gold Forecast – Monday, October 23

Weekly Gold Forecast – Monday, October 23

Gold ended the week down 1.77%, giving up most of the previous week’s gains, as a rally in the U.S. dollar index weighed on the market and drew investors away from the precious metal. The American dollar got support from fresh economic data helped boost expectations for a U.S. Federal Reserve interest rate hike in […]
US Dollar Momentum Building; Q3 GDP, Fed Chair Announcement Possible

US Dollar Momentum Building; Q3 GDP, Fed Chair Announcement Possible

Fundamental Forecast for EUR/USD: Neutral – The US Dollar was the best performing major currency last week, but gained the most ground against two currencies facing political risk, the Japanese Yen and the New Zealand Dollar. – US Treasury yields continue to edge higher, reflecting improving growth and inflation expectations on the back of signs tax reform legislation will be passed […]
Gold Sets Up To Weaken Further

Gold Sets Up To Weaken Further

Gold: The commodity reversed its previous week losses to close lower on Friday. On the downside, support comes in at the 1,270.00 level where a break will turn attention to the 1,260.00 level. Further down, a cut through here will open the door for a move lower towards the 1,250.00 level. Below here if seen […]
What The ECB Will Announce This Week: A Summary Of All QE Tapering Scenarios

What The ECB Will Announce This Week: A Summary Of All QE Tapering Scenarios

The main risk event in the coming week, in addition to a barrage of corporate earnings, will be the ECB’s long-awaited announcement of what the central bank’s QE tapering will look like. Conveniently, thanks to a trial balloon released on October 12, we already know the general parameters of this phasing out of monetization: ECB officials […]
BoC Awaits: USD/CAD To Six-Week High As CAD Data Continues To Soften

BoC Awaits: USD/CAD To Six-Week High As CAD Data Continues To Soften

Fundamental Forecast for CAD: Bearish CAD Weakness Becomes an October Theme as Hawkish BoC Pulls Back. USD/CAD, EUR/USD in the Spotlight Ahead of ECB, BoC. USD/CAD, EUR/USD in the Spotlight Ahead of ECB, BoC. And while there is little hope for any actual hikes at that meeting, all eyes (and ears) will be on BoC Governor […]
Fastenal Company: Wedgewood Capital Views Company As ‘High-Quality Growth Business’

Fastenal Company: Wedgewood Capital Views Company As ‘High-Quality Growth Business’

Wedgewood Capital is bullish on Fastenal Company (Nasdaq:FAST), a Minnesota-based firm engaged in the wholesale distribution of industrial and construction supplies. The fund views the firm as “a high-quality growth business” that is benefiting from the long-term renaissance in U.S. manufacturing and energy production. At the same time, the fund believes that Fastenal is gaining share in […]
Large Caps Accelerate Gains; Small Caps Break Out

Large Caps Accelerate Gains; Small Caps Break Out

Friday belonged to Large Cap stocks as both the S&P and Dow Industrials posted gains which looked better than the less than 1% they managed. Volume climbed to register accumulation. Technicals are healthy and the S&P posted a new ‘buy’ trigger relative to the Russell 2000 (Small Caps).This may end up as a blow-off top […]
Why Don’t MLPs Do Buybacks?

Why Don’t MLPs Do Buybacks?

Ten days ago Enterprise Products (EPD) announced that they may in the future initiate a buyback of units, perhaps in 2019. Bigger news was the moderation in the growth rate of their distribution, so the buyback received less attention. But it highlights an interesting fact about MLPs, which is that they rarely do buybacks. Part of the […]
Are Cryptocurrencies Inflationary?

Are Cryptocurrencies Inflationary?

There’s a debate raging over what, exactly, bitcoin and the thousand or so other cryptocurrencies actually are. Some heavy-hitters are weighing in with strong, if not always coherent opinions: JPMorgan Chase CEO Jamie Dimon did not mince words when asked about the popularity of virtual currency bitcoin. Dimon said at an investment conference that the […]