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Gold: A New Trade War Weapon?

Gold: A New Trade War Weapon?

Ahead of the Fed’s key meeting next week, gold continues to meander sideways to lower. Double-click to enlarge this key short-term gold chart.  I’ve referred to the US-China tariffs as a “trade skirmish”.  Importantly, since the skirmish started, the price action of the yuan against the dollar looks almost identical to the price action of gold […]
Cannabis Stocks In Focus After Tilray Gets DEA Approval To Import Cannabis Drug

Cannabis Stocks In Focus After Tilray Gets DEA Approval To Import Cannabis Drug

Shares of cannabis stocks are in focus after Canadian marijuana producer Tilray (TLRY) announced approval by the U.S. Drug Enforcement Administration to import a cannabinoid study drug into the U.S. from Canada. DEA APPROVAL: On Tuesday, Tilray announced that the U.S. DEA has granted approval to import a cannabinoid study drug into the U.S. for […]
Transport Services Aided By Multiple Tailwinds: 3 Top Picks

Transport Services Aided By Multiple Tailwinds: 3 Top Picks

The healthy state of the U.S. economy is highlighted by the fact that consumer confidence — a key determinant of the economy’s health — touched an 18-year high in August 2018. Moreover, the U.S. economy witnessed the fastest wage growth since 2009 and added jobs for the 95th straight month in August. Strong U.S. macroeconomic […]
Can Consumer Surveys Tell Us Where The Economy Is Headed?

Can Consumer Surveys Tell Us Where The Economy Is Headed?

In order to gain insight into the future state of an economy, many economists refer to a variety of consumer and business surveys. Randomly selected consumers and businessmen are asked to provide their views about where the economy is heading. Thus, if a survey shows that the majority of the surveyed express optimism it is […]
Which Precious Metals Are Likely To Be Better Investments During The Next Market Crash?

Which Precious Metals Are Likely To Be Better Investments During The Next Market Crash?

The question on the minds of many investors, is which of the precious metals will be better investments during the next market crash? I should know because I receive this question in my email box quite often. So, I decided to test the price action of several metals and how each traded during a large […]
US Equities – Approaching An Inflection Point

US Equities – Approaching An Inflection Point

A Lengthy Non-Confirmation As we have frequently pointed out in recent months, since beginning to rise from the lows of the sharp but brief downturn after the late January blow-off high, the US stock market is bereft of uniformity. Instead, an uncommonly lengthy non-confirmation between the strongest indexes and the broad market has been established. […]
US Equities – Approaching AA Lengthy Non-Confirmation

US Equities – Approaching AA Lengthy Non-Confirmation

A Lengthy Non-Confirmation As we have frequently pointed out in recent months, since beginning to rise from the lows of the sharp but brief downturn after the late January blow-off high, the US stock market is bereft of uniformity. Instead, an uncommonly lengthy non-confirmation between the strongest indexes and the broad market has been established. […]
New Tariffs On Chinese Imports

New Tariffs On Chinese Imports

USTR announcement: As part of the United States’ continuing response to China’s theft of American intellectual property and forced transfer of American technology, the Office of the United States Trade Representative (USTR) today released a list of approximately $200 billion worth of Chinese imports that will be subject to additional tariffs. In accordance with the […]
Treasury Yields Spike To 4-Month Highs, Real Yield Curve Inverts

Treasury Yields Spike To 4-Month Highs, Real Yield Curve Inverts

Having failed to sustain above 3.00% yesterday, the lack of immediate and aggressive response from China has hyped risk appetite this morning and sent Treasury yields notably higher – breaking to the highest since May 23rd. Furthermore, expectations of additional China stimulus (talk of RRR cuts among other things) have also pushed yields higher… This is […]
Soybeans Caught In Trade Tussle

Soybeans Caught In Trade Tussle

from the St Louis Fed — this post authored by Camilla Adams , Jonas Crews and Charles S. Gascon Tofu, animal feed and crayons: It sounds like the beginning of a bad joke, but the commonality found in this strange combination of everyday products is anything but trivial. Each item relies on the same crop, potentially from the same farmer […]