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While China Picks Winners, Trump Picks Losers

While China Picks Winners, Trump Picks Losers

“It’s nonsense that there’s a beautiful free market in the power industry,” Energy Secretary Rick Perry said last week as he pushed for a government bailout of coal-fired power plants. Republicans who for years have voted against subsidies for solar and wind power – arguing that the “free market” should decide our energy future – […]
Juniors Are Close To Breaking Downtrend

Juniors Are Close To Breaking Downtrend

A few weeks ago we wrote that it may not be Gold’s time yet but a few recent developments suggest its time could be sooner than we anticipated. Although Gold failed to breakout last week, we should note the positive action in the miners. Over the past seven trading days, the miners have strongly outperformed […]
BTC/USD And BTC/JPY Forecast – Monday, April 16

BTC/USD And BTC/JPY Forecast – Monday, April 16

BTC/USD Bitcoin rallied slightly during the trading session on Friday, breaking above the $8100 level. The market looks like it is ready to continue to go higher, perhaps reaching towards the $9000 level. I believe that the $6500 level underneath will continue to offer support. I believe that the $6000 level underneath is the temporary […]
5 Stocks To Watch During This First Peak Week Of Q1 Earnings Season

5 Stocks To Watch During This First Peak Week Of Q1 Earnings Season

Banks unofficially kicked off the first quarter 2018 earnings season on Friday with results from JPMorgan, Wells Fargo and Citigroup. All beat due to a combination of volatile Q1 markets, tax reform, interest rate normalization and robust economic growth, but investors weren’t sure how they felt about those numbers, with those stocks initially rising on […]
Indices Getting Overbought N/T – Earnings Season Underway, With Adverse Friday Reaction

Indices Getting Overbought N/T – Earnings Season Underway, With Adverse Friday Reaction

If investor/trader reaction last Friday to financials’ 1Q18 results is any indication, we are in for some interesting weeks ahead. First-quarter earnings season began in earnest last week.  For 1Q18, the sell-side expects $35.63 in operating earnings from S&P 500 companies.  Estimates have slightly trended lower since hitting $35.81 on March 8, but have risen […]
IOTA Leads Market Gains, Breaks Through Ichimoku Cloud

IOTA Leads Market Gains, Breaks Through Ichimoku Cloud

The top 100 cryptocurrencies continued moderate gains over the weekend, with IOTA leading the top 10 with another 18% gain on Sunday. The gains came after  IOTA Foundation has brought on-board Fujitsu’s Dr. Rolf Werner who currently oversees the company’s activities in Germany, Austria, and Switzerland. This move adds on to IOTA’s list of powerful […]
Weekly Gold Forecast – Monday, April 16

Weekly Gold Forecast – Monday, April 16

Gold ended the week up $11.43 at $1345.01 an ounce, recoding a second consecutive weekly gain, as investors sought refuge from volatility in the wider markets. The yellow metal is being supported not only by a weaker U.S. dollar index, but also by safe-haven demand amid the escalating U.S.-Syria-Russia tensions. The minutes of the U.S. […]
Sensex Opens Lower; Infosys Drops 4.5%

Sensex Opens Lower; Infosys Drops 4.5%

Asian share markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.3% while the Hang Seng is down 1.6%. The Shanghai Composite is trading down by 1.5%. Over the weekend, US stocks closed mixed. Back home, India share markets opened the day on a negative note. The BSE Sensex is trading lower by 113 points while the NSE […]
Philippines Appears Expensive And Relatively Unattractive

Philippines Appears Expensive And Relatively Unattractive

Four Pillars of GDP: Driven by private consumption The Philippines has fast GDP growth, driven mainly by private consumption and private investments. Net export was a drag on GDP growth in the past four quarters. The Philippines is most expensive in Asia on PE The Philippines is most expensive in Asia on 2018CE* 19.5x PE and […]
Gold Prices May Fall Despite Syria Jitters, US Retail Sales Due

Gold Prices May Fall Despite Syria Jitters, US Retail Sales Due

Gold prices traded higher as the markets’ mood soured in late North American trade on Friday, sending capital fleeing to the relative safety of Treasury bonds and depressing yields. That offered a familiar lift to non-interest-bearing assets epitomized by the yellow metal. The move may have marked de-risking before the weekend as markets weighed tensions in Syria and […]