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Precious Metals: Patience Is Golden

Precious Metals: Patience Is Golden

Without growth in Western gold ETF holdings, the “decent but not spectacular” demand from China and India is not strong enough to move the gold price higher. The SPDR (GLD-NYSE) fund gold holdings currently sit at about 843 tonnes. There has been very little change in the total tonnage for several months.  That’s neutral for the gold price. […]
Q3 Earnings Were Just Like The First Half

Q3 Earnings Were Just Like The First Half

More On Q3 Earnings Not only are the percentage of companies reporting beats and the beat rate better than average, but also the percentage of companies issuing negative guidance is lower than average. 58 companies have issued negative guidance and 28 have issued positive guidance. Just like how companies usually beat estimates, most of the […]
Retail: The Perfect Buy For Christmas

Retail: The Perfect Buy For Christmas

It looks like the Great Mall-pocalypse of 2017 may have finally run its course. In particular, the “death of retail” is probably the most overwritten, overhyped story in the business universe. Apparently, by this time next year, the U.S. will be renamed the “United States of Amazon.” No one will ever go out to shop […]
U.S. Dollar Sell-Off Targets Initial Support

U.S. Dollar Sell-Off Targets Initial Support

DXY Daily Chart Technical Outlook: We’ve been tracking a long-term slope line dating back to 2011 and in last week’s Technical Outlook, we highlighted the risk for a pullback while below this key threshold. The subsequent decline is now testing initial support at the 94-handle where basic channel support converges on the broader 23.6% retracement of the yearly […]
Regional Price Parities: Comparing Cost Of Living Across Cities And States

Regional Price Parities: Comparing Cost Of Living Across Cities And States

Many years ago I heard a story from a member of a committee of a midwestern university that was thinking about hiring a certain economist. The economist had an alternative offer from a southern California university that paid a couple of thousand dollars more in annual salary. The economist offered to come to the midwestern […]
October Producer Price Index: Final Demand Up 0.4% MoM

October Producer Price Index: Final Demand Up 0.4% MoM

Today’s release of the October Producer Price Index (PPI) for Final Demand came in at 0.4% month-over-month seasonally adjusted, unchanged from last month’s 0.4%. It is at 2.8% year-over-year, up from 2.6% last month, on a non-seasonally adjusted basis. Core Final Demand (less food and energy) also came in at 0.4% MoM, unchanged from the […]
Dividend Growth – Learn How This Simple Secret Can Exponentially Increase Your Returns

Dividend Growth – Learn How This Simple Secret Can Exponentially Increase Your Returns

“Inflation is taxation without legislation”  – Milton Friedman Inflation may provide some benefit to society as a whole, but it also ravages many parts of that same society. Over time, sustained inflation will eat away the foundation of a strong economic system. The US has experienced sustained inflation for approximately the past 60 years. This is the […]
USD/JPY – 113.00 Is Key Support

USD/JPY – 113.00 Is Key Support

  USD/JPY has been under pressure for the past several weeks, having failed to take out the 115.00 figure on multiple occasions. Furthermore, the pair is failing at its key correlation with 10-year bonds not rallying when yields go up and falling when they decline. That’s a warning light for dollar bulls as a breakdown […]
Advanced Auto Parts Shares Rally Following Q3 Profit Beat

Advanced Auto Parts Shares Rally Following Q3 Profit Beat

    Advanced Auto Parts (NYSE: AAP) On Tuesday before the market opened, Advanced Auto Parts announced third quarter earnings that topped analyst estimates and sent shares rallying in the premarket. They reported earnings per share of $1.43 on $2.18 billion in revenues while analyst were looking for $1.21 earnings per share on $2.21 billion in revenues. […]
Auto Parts Retailers

Auto Parts Retailers

Well, I retract my “God is Dead” statement from yesterday’s post, because there’s no doubt God reads the Slope of Hope (he doesn’t have an account for comments, but if he did, I promise I’d give him a 5-star account). He decided to throw a lightning bolt at BWLD, and ouch, that hurt. So let’s […]