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Why Bitcoin Is Not A Real Currency

Why Bitcoin Is Not A Real Currency

There are approximately 1,500 different cryptocurrencies on the market right now for trading with a combined market capitalization of $560 billion. BTC makes up a large portion of that value, about 35%. The problem with labeling cryptos as currencies is that they are not actually currencies in the traditional sense. They function more like digital assets […]
Gold Prices Fly As USD Slides- FOMC, NFP To Drive February Open

Gold Prices Fly As USD Slides- FOMC, NFP To Drive February Open

Fundamental Forecast for Gold:Neutral Gold prices set monthly opening-range just below structural resistance Gold prices rallied this week with the precious metal up more than 1.5% to trade at 1366 ahead of the New York close on Friday. The advance comes amid continued weakness in the greenback with the DXY (Dollar Index) down more than 2.2% to mark […]
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                        SPX Suggests Rally May Be Over

E SPX Suggests Rally May Be Over

VIX performed an inside consolidation, closing above Long-term support at 10.83 and on a buy signal.  The calm may be broken.  A breakout above the Ending Diagonal trendline suggests a complete retracement of the decline from January 2016, and possibly to August 2015.   (Bloomberg)  Just as the rapper Curtis Jackson III captures attention for […]
Week In Review: Luye May Stage $500 Million Singapore IPO Of Healthcare Assets

Week In Review: Luye May Stage $500 Million Singapore IPO Of Healthcare Assets

Luye Medical, the healthcare arm of Luye Life Sciences, is considering an IPO in Singapore that could raise as much as $500 million (see story). The company has assembled a portfolio of businesses, largely through M&A, consisting of hospitals, clinics and diagnostic services that spreads across China, Australia and Singapore. It is based in Singapore. Luye Pharma (HK: 2186), which is also part […]
Homebuilders ETF Poised To Make A New All-Time High

Homebuilders ETF Poised To Make A New All-Time High

The Homebuilders ETF (XHB) is poised to make a new all-time high as it faces its peak set just before the 2007/08 financial crisis struck, as shown on the monthly chart below. There are two interesting things I notice on this chart. The volume moving average has been steadily declining since September of 2013 as the momentum […]
The Davos Warnings

The Davos Warnings

Since the beginning of the year, the acceleration in the markets has continued unabated. As I showed yesterday, the acceleration in the S&P 500 has now gone parabolic. Of course, market melt-ups are symbolic of the final phases of “capitulation” as investors who feel like they “missed the boat,” finally jump back on board. Such can be confirmed by the numerous […]
Q4 Real GDP Per Capita: 1.79% Versus The 2.55% Headline Real GDP

Q4 Real GDP Per Capita: 1.79% Versus The 2.55% Headline Real GDP

The Advance Estimate for Q4 GDP came in at 2.6% (2.55% to two decimals), down from 3.2% in Q3. With a per-capita adjustment, the headline number is lower at 1.79% to two decimal points. Here is a chart of real GDP per capita growth since 1960. For this analysis, we’ve chained in today’s dollar for […]
December Durable Goods

December Durable Goods

Durable and capital goods orders and shipments all increased in December by growth rates consistent with those registered in the months leading up to the big storms Harvey and Irma. We continue to find evidence that accelerated growth in October and November was nothing more than the anticipated after-effects cleaning up after those hurricanes. New […]
ETF Strategies For Skyrocketing Markets

ETF Strategies For Skyrocketing Markets

The financial world is seeing its hottest streak with the best start in many years, fueled by skyrocketing U.S. markets. The surge came despite global trade fears, political instability in Washington and geopolitical tensions. The euphoria surrounding the new U.S. tax legislation, robust corporate earnings and optimism on global growth are acting as the key […]
Brazil Stock Market Hugely Bullish In 2018

Brazil Stock Market Hugely Bullish In 2018

Why would anyone be concerned about the stock market in Brazil? It is not a leading stock market, it is not a leading economy in the world … so why bother? Very simple, says InvestingHaven’s research team, Brazil is part of the emerging stock markets that will outperform global stock markets, and Brazil has a […]