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Not A Good Start For China’s Third R

Not A Good Start For China’s Third R

File it under “what were they thinking?” In March 2015, confronted by a severe external monetary squeeze, the PBOC made a truly radical choice. Maybe it was that for a few months anyway things looked a little better. The eurodollar system had practically melted down globally first on October 15, 2014 (collateral) and then in […]
Will The Fed Read The Data?

Will The Fed Read The Data?

Things have changed. What was well in the green yesterday was back in the red today… And the Dow Jones Industrial Average has already clawed back most of the more than 200 points it was down again in early Wednesday trading. So, things are choppy. That goes for yields, too. We’re still well above 3% […]
Yuan Pops As Treasury Confirms China Not A Currency Manipulator, Will Monitor

Yuan Pops As Treasury Confirms China Not A Currency Manipulator, Will Monitor

Offshore Yuan dipped back below 6.93/USD as the well-telegraphed report from the US Treasury once again decided not to label China “a currency manipulator” averting any further escalation (for now) in the ‘war’ between the two nations. Nope, no manipulation there at all…   But, Treasury Secretary Steven Mnuchin did say in a statement that: “Of particular concern are […]
Stocks And Precious Metals Charts – October Stock Option Expiration On Friday

Stocks And Precious Metals Charts – October Stock Option Expiration On Friday

Alcoa kicked off the real earnings season tonight after the Banks have finished spewing their financial results early. Gold and silver tried to rally but were smacked down in the afternoon in the currency crosses. The Dollar gained. Stocks were slumping badly, but were rescued in the late afternoon, led back up by the SP […]
Alcoa Announces $200 Million Stock Buyback

Alcoa Announces $200 Million Stock Buyback

CNBC’s Kate Rogers reports that Alcoa announced a $200 million stock buyback.  
Stocks Rally & Netflix Spiked On Great Earnings

Stocks Rally & Netflix Spiked On Great Earnings

Stocks Rally – Finally The stock market finally skyrocketed as I expected on Tuesday. Stocks were intensely oversold heading into the day. Short term indicators signaled stocks should burst higher soon. The performance over the next 12 months is still dependent on the fundamentals. The S&P 500 increased 2.15%, the Nasdaq increased 2.89%, and the […]
Canada Welcomes Cannabis Legalization With Sell-Off In Cannabis Stocks

Canada Welcomes Cannabis Legalization With Sell-Off In Cannabis Stocks

Today is D-Day in Canada when it comes to their cannabis legalization. It’s the first day that Canada allows, legally, to consume recreational marijuana. As per our Cannabis Stocks in Canada Forecast for 2019 the sector would get a serious boost in 2019, with one favorite cannabis stock we featured in our Emerald Health Therapeutics Stock Forecast for […]
David’s Bridal Misses Debt Payment, Prepares To File Bankruptcy

David’s Bridal Misses Debt Payment, Prepares To File Bankruptcy

Just days after Sears filed the largest retail bankruptcy yet, listing over $10 billion in liabilities on its Chapter 11 petition… Since June 2015, 65 retail chains have filed for ch. 11 relief. Ten of those companies reported more than $1B in liabilities on their bankruptcy petitions. Sears’ petition is the first to report over […]
Precious Metals Report – Wednesday, Oct. 17

Precious Metals Report – Wednesday, Oct. 17

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