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Residential Construction

Residential Construction

This morning’s release of US Census residential construction numbers for August came in mixed. Total housing starts reported a 9.2% MoM increase at a seasonally-adjusted annualized rate of 1.282 million, beating the estimate of 1.238. Permits, on the other hand, came in far worse. Estimates predicted a seasonally-adjusted annualized rate of 1.31 million, but August’s data came in […]
Precious Metals Sector: It’s 2013 All Over Again

Precious Metals Sector: It’s 2013 All Over Again

We have some good news and some bad news for both: precious metals bulls and bears. Based on new developments it’s even more likely that we are just before the huge price decline in gold, silver, and mining stocks, but at the same time, it also appears likely that the final bottom will take place […]
WTI Surges Above $70 After Crude, Gasoline Draw

WTI Surges Above $70 After Crude, Gasoline Draw

WTI traders shrugged off API’s surprise crude build overnight, breaking back above $70 ahead of DoE data, and extending gains as crude and gasoline inventories drew down and Cushing stocks dropped again. Despite expectations for a draw, a crude build is more seasonally normal as we enter refinery maintenance season, yet we are still seeing high utilization rates, according […]
The Best Value Play Are Bank Stocks Right Now

The Best Value Play Are Bank Stocks Right Now

As this record bull market keeps chugging along, it seems as though there aren’t any stocks that haven’t benefited from the slow steady rise of the market. And as a value investor, this can make investing in this climate challenging. Are there any good deals out there? The answer is yes, and the best value […]
Silver Looks Poised To Move Soon

Silver Looks Poised To Move Soon

A key difference between silver and gold prices is the fact that silver already bottomed in 1993, whereas gold bottomed only in 1999. This means that from 1993 to 1999 silver was actually in an uptrend, while gold was still caught in a downtrend. This little known fact might not have been so important to […]
How Bad Will The Trade War Get?

How Bad Will The Trade War Get?

I have been reading and pushing numbers on the effect of a US – China trade war. Goldman, for one, says that the tariffs just instituted will raise US CPI by only 3 basis points. That’s 3/100 of one percentage point. If the next round (which includes virtually all Chinese imports) occurs, it will be […]
Tilray Shares Go Mad After CEO Appears On CNBC’s Mad Money

Tilray Shares Go Mad After CEO Appears On CNBC’s Mad Money

Shares of Tilray (TLRY), which have already garnered significant attention for their rapid ascent following the Canadian cannabis company’s recent IPO, are flying even higher this morning after CEO Brendan Kennedy was a guest last night on Jim Cramer’s Mad Money program on CNBC. WANT TO BE NEXT ANHEUSER-BUSCH: “Cannabis is a substitute for prescription […]
Silver & Gold- Best Buy Point In 20-Years?

Silver & Gold- Best Buy Point In 20-Years?

This chart looks at the Silver/Gold Ratio over the past 30-years. Historically when the ratio is heading higher it sends a message to be long and strong Gold & Silver. When the ratio is heading lower, historically it’s been a great time to avoid Gold & Silver. The ratio has been heading lower since the […]
2018 IPO Prospects: Eventbrite Caves In, Decides To List

2018 IPO Prospects: Eventbrite Caves In, Decides To List

Billion Dollar Unicorn and event management and ticketing website Eventbrite has been trying to stay independent for a while now. It preferred its private status so that it could have more control over its functioning and to stay away from the numbers driven approach of analysts. But the company recently decided to go public and has […]
The Most Important Stock In The World Just Broke Its Trendline

The Most Important Stock In The World Just Broke Its Trendline

The single most important stock in the world is Amazon (AMZN) AMZN has become a proxy for the entire stock market. If you overlay AMZN’s chart with the S&P 500 (below), AMZN has lead the S&P 500 beautifully during this latest bull run. Indeed, AMZN’s chart is effectively the same move as the broader market, […]