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Week In Review: How Trump’s Policies Moved Stocks – Nov. 25, 2018

Week In Review: How Trump’s Policies Moved Stocks – Nov. 25, 2018

Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump and his administration with this weekly recap compiled by The Fly: 1. GERMAN AUTO MAKERS: The White House has invited the CEOs of German car makers BMW (BMWYY), […]
Analysts Totally Wrong About Gold: Top Gold Miners Production Cost Still Provides Floor In The Market Price

Analysts Totally Wrong About Gold: Top Gold Miners Production Cost Still Provides Floor In The Market Price

While the debate on the dynamics of the gold market continues, at least the top gold miners production cost provides us with a floor price. Or rather, a basic minimum price level.I get a good laugh when I read analysts suggesting that the gold price will fall back to $450-$700. For the gold price to fall […]
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                        Gold, Original Money, Fiat Money

E Gold, Original Money, Fiat Money

The first gold coins appeared around 560 B.C.  Over time it became a practice to store larger amounts of gold in warehouses.  Paper receipts were issued certifying that the gold was on deposit.  These receipts were negotiable instruments of trade and commerce which could be signed over to others.  They were not actual currency but are […]
EURGBP Remains Vulnerable Below Key Resistance At 0.893

EURGBP Remains Vulnerable Below Key Resistance At 0.893

EURGBP remains vulnerable below key resistance at 0.8932. This leaves risk of more decline on the cards. On the downside, support stands at the 0.8800 level where a violation will turn focus to the 0.8750 level. A break below here will aim at the 0.8700 level. This leaves upside risk towards the 0.8950 level. A […]
Why The US Fed Has To Keep Tightening Even Though The Most Reliable Recession Indicator Is Flashing “Game On”

Why The US Fed Has To Keep Tightening Even Though The Most Reliable Recession Indicator Is Flashing “Game On”

It may be hard to believe, but modern macroeconomics actually has a few theories worth paying attention to. One of these is driving central bank behavior right now, and all indications — thus far — is that U.S. Fed Chairman Jerome Powell is not in the Greenspan-Bernanke-Yellen “cave in to political pressures” mold, and more […]
Cryptogeddon: Bitcoin Battered Below $4000 As Long Liquidations Continue

Cryptogeddon: Bitcoin Battered Below $4000 As Long Liquidations Continue

Amid a series of liquidations of large long positions, Cryptocurrencies have crashed to fresh 2018 lows today with Bitcoin blowing through the $4000 level. It’s a sea of red… Source: Coin360 With the majors down 8-13%… But, as CoinTelegraph reports, Michael Moro, the CEO of cryptocurrency trading companies Genesis Trading and Genesis Capital Trading, said that the […]
Apple Farthest Below 50-Day Moving Average In 10 Years

Apple Farthest Below 50-Day Moving Average In 10 Years

Recently, we noted that Apple (AAPL) is currently in the midst of its 4th 20%+ drawdown in the iPhone era. Below we highlight Apple’s price relative to its 50-day moving average (DMA). As shown in the first chart below, AAPL’s share price has plunged well below its 50-DMA on this recent move lower.   Just how […]
The Rise Of The Net Short Debt Activist

The Rise Of The Net Short Debt Activist

  A memorandum prepared by law firm Wachtell Lipton looks at what it calls the “rise of the net short debt activist.” Wachtell Lipton earned its wings on Wall Street as a defender of established managements when those managements find themselves facing activism or takeover. Indeed, one of the founding partners, Martin Lipton, invented the “poison pill” […]
USD/CAD Forecast November 26 – 30 – After Another Crude Crash, Can CAD Recover?

USD/CAD Forecast November 26 – 30 – After Another Crude Crash, Can CAD Recover?

Dollar/CAD reached new highs as oil hit new lows, but managed to stabilize once again. What’s next? The GDP report stands out. Here are the highlights and an updated technical analysis for USD/CAD. Oil prices suffered another tumble, hitting the lowest levels in a year. The black gold fell alongside stocks. When they recovered, petroleum prices […]
Week In Review: Stocks Plunge On Shortened Holiday Week

Week In Review: Stocks Plunge On Shortened Holiday Week

    The market action is deteriorating rapidly, and we are getting very close to bear market territory for the Nasdaq 100 and the Russell 2000. From their recent highs to the recent lows, both indices fell over 16% which is not healthy, considering it happened in a few short weeks. The typical definition of […]