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Gold & Gold Stocks On Cusp Of Downside Break

Gold & Gold Stocks On Cusp Of Downside Break

We provide our immediate outlook for Gold and gold stocks which is bearish but we also touch on how gold stocks fit into the history of recoveries from mega bear markets. This history implies gold stocks will make a significant low in 2018 and perform fantastically well into 2019.
PCE Price Index: October Headline & Core

PCE Price Index: October Headline & Core

The BEA’s Personal Income and Outlays report for October was published this morning by the Bureau of Economic Analysis. The latest Headline PCE price index was up 0.14% month-over-month (MoM) and is up 1.59% year-over-year (YoY). The latest Core PCE index (less Food and Energy) came in at 0.21% MoM and 1.45% YoY. Core PCE remains below […]
Kroger (KR) Q3 Earnings & Sales Beat, View Intact, Stock Up

Kroger (KR) Q3 Earnings & Sales Beat, View Intact, Stock Up

After witnessing a negative earnings surprise in the second quarter of fiscal 2017,The Kroger Co. (KR – Free Report) made a sharp comeback in the third quarter. The grocery retailer posted earnings of 44 cents a share that beat the Zacks Consensus Estimate of 40 cents and increased 7.3% from the prior-year quarter. As a result, shares are […]
Workday’s (WDAY) Q3 Earnings Beat Estimates,’18 Guidance Up

Workday’s (WDAY) Q3 Earnings Beat Estimates,’18 Guidance Up

Workday Inc. (WDAY – Free Report) reported third-quarter fiscal 2018 non-GAAP earnings of 24 cents per share, which beat the Zacks Consensus Estimate of 15 cents. The figure was also better than 5 cents reported in the year-ago quarter. The strong growth was primarily attributed to 34.3% jump in revenues, which totaled $555.4 million. The figure surpassed the […]
GBP/USD Pierces Above 1.35 On A Big Brexit Deal: Ireland, Transition

GBP/USD Pierces Above 1.35 On A Big Brexit Deal: Ireland, Transition

Optimism is rampant for a big Brexit breakthrough. First, we learned that the May is ready to open the checkbook regarding the divorce bill. Now, we also learn that Dublin and London are drawing closer to some kind of an agreement on the Irish border. And to top it off, the Times report also discusses a potential agreement with […]
Uber Reports Massive $1.5 Billion 3Q Loss As Two Investors Drop Out Of New Financing Round

Uber Reports Massive $1.5 Billion 3Q Loss As Two Investors Drop Out Of New Financing Round

Following an embarrassing revelation from about a weak ago that Uber concealed a massive cyberattack – in which hackers stole personal data from 57 million customers for more than a year – and paid the hackers $100,000 to keep quiet (not to mention the plethora of other scandals of late), investors in the private company have rightfully […]
US Retail Companies Have A Massive Bill To Pay Come 2018

US Retail Companies Have A Massive Bill To Pay Come 2018

Right now, retail stores are closing at a pace that we haven’t seen since the 2008-2009 financial crisis. Some are calling it a ‘retail apocalypse’ as a number of major headwinds approach, including increasing pressure from Amazon and the sad fact that most brick-and-mortar retailers simply built way too many stores and borrowed too much […]
How Should We Think About Bitcoin?

How Should We Think About Bitcoin?

Is it a speculation or an investment? Is it an Investment? Bitcoin is most certainly not an investment. Investments can be valued based on a current or expected cash flow stream. Think CDs, bonds, stocks, or real estate. Bitcoin generates no cash flow. Yes, there are businesses that currently do not generate positive cash flow […]
USD/JPY And AUD/USD Forecast – Thursday, Nov. 30

USD/JPY And AUD/USD Forecast – Thursday, Nov. 30

USD/JPY The US dollar rallied during the trading session on Wednesday, slicing through the 112 level at one point during the day. We did pull back a bit, but as we roll over into the Thursday session, it looks as if the buyers are trying to continue the move to the upside. If we can […]
Bitcoin Buying Panic Leaves A Dangerously Overextended Market

Bitcoin Buying Panic Leaves A Dangerously Overextended Market

What’s interesting about the nature of markets is just when one side of the battle between buyers and sellers thinks they have it completely won, they are at their most vulnerable. Bitcoin has gained over 100% since the start of October on top of an over 900% gain for the year 2017. Since Bitcoin broke […]