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Silver Breaks Out, Haven’t Seen This In A While

Silver Breaks Out, Haven’t Seen This In A While

This chart from Sentimentrader.com looks at the positions by Silver hedgers. At this time a very crowded trade is in play, an 18-year extreme. If history is a guide, Silver is currently closer to a short-term low than a high. Silver, Gold and Mining stocks have not had much fun this year, as all have declined a […]
Americans Spending Grows Faster Than Incomes For 7th Straight Month

Americans Spending Grows Faster Than Incomes For 7th Straight Month

Annual spending growth outpaced annual income growth for the 7th month in a row in August but month-over-month, incomes rose less than expected as The Fed’s favorite inflation indicator modestly disappointed MoM. Against expectations of a 0.4% rise MoM, income rose 0.3$, and while spending growth MoM rose 0.3% as expected, growth has been slowing for […]
The Numbers In Japan

The Numbers In Japan

What is economic growth? This isn’t an easy question to answer. Most people might respond with a reference to GDP. That wouldn’t necessarily be an incorrect one, but it may not be exactly on point, either. GDP was developed in order to try and assess economic growth, and over the years has simply become a […]
The Stock Market’s Extreme Strength: What’s Next

The Stock Market’s Extreme Strength: What’s Next

The U.S. stock market has been extremely strong over the past 6 months. With 1 day left in September, the S&P 500 is on the verge of going up 6 months in a row. Historically, this is what happens next to the U.S. stock market. As you can see, strength usually begets more strength. You […]
5 Top-Ranked Stocks To Buy As Q2 GDP Growth Remains Solid

5 Top-Ranked Stocks To Buy As Q2 GDP Growth Remains Solid

According to the Bureau of Economic Analysis’ final estimate, U.S GDP increased 4.2% in the second quarter, unchanged from the earlier estimate. The fastest pace of growth in almost four years was powered by increases in investment and expenditure across several categories. The Trump administration’s tax cuts program was the primary force that powered the […]
Chicago PMI Declines In September

Chicago PMI Declines In September

The Chicago Business Barometer, also known as the Chicago Purchasing Manager’s Index, is similar to the national ISM Manufacturing indicator but at a regional level and is seen by many as an indicator of the larger US economy. It is a composite diffusion indicator, made up of production, new orders, order backlogs, employment, and supplier […]
Higher Dollar Takes Gold To A Four-Week Low

Higher Dollar Takes Gold To A Four-Week Low

Gold is one of the most important metals in the world. It has been used as a precious metal for centuries. Today, most of the gold is bought by central banks and large investment banks which hold it for its value. Traders and investors own it as a hedge to inflation and other major disasters. […]
Canadian Dollar Enjoys GDP, But Not NAFTA

Canadian Dollar Enjoys GDP, But Not NAFTA

Fear of excluding Canada from NAFTA and the Fed sent the loonie higher, but GDP helped it recover.  Friday’s jobs reports from both countries stand out in the first week of October.  The technical picture is mixed for the USD/CAD.  This was the week: Is NAFTA slipping away from Canada + Fed hike US President […]
EUR/USD Falls As Italy Drives Euro Risk Aversion Ahead Of Q3 Close

EUR/USD Falls As Italy Drives Euro Risk Aversion Ahead Of Q3 Close

EURO BEARS PERSIST INTO Q3 CLOSE It’s been a busy end to Q3 so far, and perhaps that’s fitting for a quarter that’s been marked by fits and starts of risk aversion around a number of themes. At this stage, we’re seeing fresh fears enter European markets around Italy, and this was the same driver of […]
Bitcoin Daily Forecast – Friday, Sept. 28

Bitcoin Daily Forecast – Friday, Sept. 28

Bitcoin markets did very little during the day on Thursday, dancing around the $6500 level. The analysis has been the same for the entirety of 2018, every time we get closer that downtrend line sellers come back in. Having said that, if the analysis changes it will be the first time since late January. I […]