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Bitcoin Crashes Back Below Gold On China Chatter

Bitcoin Crashes Back Below Gold On China Chatter

After spending three days trading above the price for an ounce of gold, Bitcoin prices crashed overnight – down over $120 in a few short hours – following Bloomberg headlines citing China officials saying that Bitcoin regulation is not temporary.   As a reminder, a lot of this most recent run-up has been catalyzed on hope of […]
5 Overvalued Canadian Stocks For Intelligent Investors – March 2017

5 Overvalued Canadian Stocks For Intelligent Investors – March 2017

There are a number of great companies in the market today but there are also many which are overvalued by the market. By using the ModernGraham Valuation Model, I’ve selected the most overvalued Canadian companies reviewed by ModernGraham. Defensive Investors are defined as investors who are not able or willing to do substantial research into individual investments, […]
Michaels Companies, Inc. Q4 Profit Beats, 2017 Outlook Strong

Michaels Companies, Inc. Q4 Profit Beats, 2017 Outlook Strong

Michaels Companies, Inc. (NASDAQ:MIK ) early Tuesday [Mar 7, 2017 | 7:10am ] posted solid fourth quarter earnings results and offered an upbeat forecast for 2017, as its lagging comps are seen recovering in the latter part of the year. Written by StockNews.com The Irving, TX-based arts & crafts store operator reported adjusted Q4 earnings […]
Why Gold Is A Sure Thing In 2017 (SPONSORED POST)

Why Gold Is A Sure Thing In 2017 (SPONSORED POST)

TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. As Trump sets out to ‘make America great again’, gold is back on everyone’s radar, gaining on widespread uncertainty and promises of high-level inflationary infrastructure spending. For our favorite precious metal, this is […]
Forget A Rate Hike, REITs Thrive Throughout Earnings Season

Forget A Rate Hike, REITs Thrive Throughout Earnings Season

If anticipations of a March rate hike amid the hawkish comments of several Fed officials have made investors in the REIT space jittery, then this is the right time to think again. This is because the fourth-quarter 2016 performance of REITs highlights strength and stability amid an improving economy. According to a NAREIT Media release, occupancy rates […]
Morning Call For Tuesday, March 7

Morning Call For Tuesday, March 7

OVERNIGHT MARKETS AND NEWS Mar E-mini S&Ps (ESH17 -0.18%) this morning are down -0.15% and European stocks are down -0.14% as weakness in metals prices undercuts mining stocks and raw-material producers. Apr gold (GCJ17 -0.09%) is down -0.15% at a 2-1/2 week low as expectations mount for a Fed rate hike at next week’s FOMC meeting, and May copper (HGK17 -0.57%) is down -0.60% at a […]
No Trouble In Little China And Nothing Doing In Oz

No Trouble In Little China And Nothing Doing In Oz

It was a relatively quiet overnight session on the news front, although you wouldn’t know it from the number of Bloomberg e-mails in my inbox. China’s FX reserves “unexpectedly” rose in February although I’m not entirely sure why everyone is using the term “unexpectedly” here. Have you heard much lately about the yuan? No? Exactly. […]
Quiet Markets But A Busy Calendar Ahead

Quiet Markets But A Busy Calendar Ahead

Yesterday and this morning, the market is calm with most pairs relatively unchanged from yesterday. Overall, we have seen some USD weakness following the rate hike confirmation form Fed’s Janet Yellen in March. Obviously, as there is not much more to speculate, investors have decided to books some of the profits they made buying the USD for months.  Today is another […]
AUD/CAD ElliottWave Intraday View

AUD/CAD ElliottWave Intraday View

Short term #Elliottwave structure of AUD/CAD from 3/1 peak (1.025) looks to be showing an impulse structure with a nice 5 waves subdivision where Minuette wave (i) ended at 1.0198, Minuette wave (ii) ended at 1.0235, Minuette wave (iii) ended at 1.0115, Minuette wave (iv) ended at 1.0147, and Minuette wave (v) ended at 1.0098. We can also […]
Delta’s Gloomy Forecast And Travel Ban Worries Send Airline Stocks Lower

Delta’s Gloomy Forecast And Travel Ban Worries Send Airline Stocks Lower

Delta Air Lines, Inc. (DAL – Free Report) on Monday lowered its performance estimates for the first half of 2017, and now its stock is down 3.41% to $48.40 per share through early afternoon trading. Stocks of other big U.S. airlines have also experienced some turbulence on the back of the Delta news, high oil prices, and […]