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Powell And Gold Between Inflation And Global Slowdown

Powell And Gold Between Inflation And Global Slowdown

Powell is apparently between a rock and a hard place. Inflation surged, while the global economy slowed down. What will he do? And how will gold react? Inflation Jumps in October The consumer price index climbed 0.3 percent last month, after rising 0.1 percent in September, according to the U.S. Bureau of Labor Statistics. It was the biggest […]
Gold Bugs Hopes Hinge On These Head & Shoulders Patterns

Gold Bugs Hopes Hinge On These Head & Shoulders Patterns

Last week I pointed out a potential top on the US Dollar/Gold ratio. That would be bullish for gold bugs. This week, I have another potentially bullish setup to show you. As most of you are aware, any weakness in the US Dollar is good for gold prices. In the chart 2-pack below, we look at Gold and […]
Oil Market: Razor Thin

Oil Market: Razor Thin

Oil prices are swinging headline to headline as most cannot decide whether the oil market is oversupplied or undersupplied. Oil was recovering dutifully on reports that the Saudis were “mad as heck” and that they weren’t going to take it anymore and with cut production. Talk that the Saudis, angry at President Trump for misleading […]
Lowe’s (LOW) Q3 Earnings And Revenues Top Estimates

Lowe’s (LOW) Q3 Earnings And Revenues Top Estimates

Lowe’s (LOW – Free Report) came out with quarterly earnings of $1.04 per share, beating the Zacks Consensus Estimate of $0.97 per share. This compares to earnings of $1.05 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 7.22%. A quarter ago, it was expected that […]
Technically Speaking: Why This Market Is Incurring A “Revision Of Belief”

Technically Speaking: Why This Market Is Incurring A “Revision Of Belief”

Last year, I penned an article titled: “It’s a Turkey Market” and with Thanksgiving just a couple of days away, I thought it was an apropos time to revisit that post. “What’s a ‘Turkey’ market?Nassim Taleb summed it up well in his 2007 book ‘The Black Swan.’ ‘Consider a turkey that is fed every day. Every single feeding will […]
Hell In Hong Kong And A Mainland Maiming

Hell In Hong Kong And A Mainland Maiming

As expected, Monday’s bloodbath on the Nasdaq spilled over into Asia, with mainland and Hong Kong shares suffering the most. The Hang Seng came into November riding the worst monthly losing streak since 1982 and while the index still looks set to snap that run in November, days like Tuesday don’t help. Hong Kong shares fell more […]
Sensex Ends 300 Points Lower; Metal And IT Stocks Witness Selling

Sensex Ends 300 Points Lower; Metal And IT Stocks Witness Selling

Share markets in India witnessed most of the selling pressure during closing hours and ended their trading session on a negative note. Sectoral indices ended on a negative note with stocks in the metal sector and IT sector witnessing most of the selling pressure. At the closing bell, the BSE Sensex stood lower by 300 points (down 0.8%) and the NSE Nifty closed down […]
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                        Markets: Cold Weather

E Markets: Cold Weather

On the face of it, today isn’t much different than yesterday. News was light with speeches from RBA, ECB and BOE headline grabbers but insufficient to heat up a cold equity market still reeling from US/China trade problems with fear that tech leads the pain trade there bleeding into the FAANG index dropping 22% from […]
Morning Call For Tuesday, Nov. 20

Morning Call For Tuesday, Nov. 20

Overnight Markets And News Dec E-mini S&Ps (ESZ18 -0.83%) this morning are down -0.74% and European stocks are down -0.70% at a 3-week low as technology stocks sell-off. Apple is down more than 1% in pre-market trading after the South China Morning Post reported Apple has reduced orders for components from two Chinese suppliers by about […]
What The Dickens?

What The Dickens?

It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it […]