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Amazon, Bezos, And $200 Bucks

Amazon, Bezos, And $200 Bucks

Amazon (AMZN) was up over 6% on Friday, rallying behind a solid earnings report Thursday night. However, shares are currently bumping up against resistance around the $200 level. In July, the stock reached these same levels but outside of a handful of intraday blips, repeatedly failed to push above $200. The selling pressure around the […]
Are High Yield Spreads Forecasting Another Stock Market Decline?

Are High Yield Spreads Forecasting Another Stock Market Decline?

There are a lot of indicators to follow when trying to project future stock market performance.But today we look at an indicator that has a pretty strong record of signaling when stocks are near a top.“The facts, Ma’am. Just the facts.” – Joe FridayToday we look at a long-term “weekly” chart of the BofA High Yield […]
The Employment Release: Downside Surprise, Signifying?

The Employment Release: Downside Surprise, Signifying?

NFP +12K vs. consensus +106K, private NFP -28K vs. +90K; but wage growth (0.4% vs. 0.3% m/m) and average weekly hours both above (34.3 vs. 34.2). Figure 1: CES Nonfarm payroll employment (bold black), adjusted to add 41K for strikes as estimated by GS (red square), CES NFP preliminary benchmark (dark blue), Philadelphia Fed early benchmark […]
Job Openings Drop By 418,000 As Quits Show Major Weakness

Job Openings Drop By 418,000 As Quits Show Major Weakness

Job openings and quits are for September and not impacted by HurricanesThe BLS released the Jobs Openings and Labor Turnover Survey (JOLTS) for September on Wednesday. I am catching up today. At the March 2022 peak, there were 11,773,000 job openings vs an unemployment level of 5,993,000. There were nearly two openings per those unemployed. There are now 7,443,000 […]
The U.S. Silver Market: A Complex Picture 
                    
 
Industrial Silver Demand
 
Silver Investment Demand
 
Silver Supply Factors 

The U.S. Silver Market: A Complex Picture   Industrial Silver Demand   Silver Investment Demand   Silver Supply Factors 

 A complex picture.That’s how Metals Focus described the silver market. This complexity is obvious simply by analyzing recent silver price movements.Objectively, silver has had a fantastic year. The price has surged by over 30 percent. Most investors would kill for a 30 percent return.But while gold seems to make new highs on a weekly basis and has eclipsed its […]
SEC ordered to file Ripple appeal brief by Jan. 15, 2025

SEC ordered to file Ripple appeal brief by Jan. 15, 2025

Key Takeaways The SEC must file its opening brief in the Ripple appeal by January 15, 2025. Ripple’s chief legal officer confirms appeal doesn’t challenge XRP’s security status. Share this article The United States Court of Appeals for the Second Circuit has ordered the SEC to submit its opening brief in its appeal against Ripple […]
About Yesterday’s Gold And Silver Pullback

About Yesterday’s Gold And Silver Pullback

 Just days before the high-stakes U.S. presidential election, asset prices—from stocks to commodities—dipped amid heightened market volatility.In any strong bull market, like the one we’re seeing in gold and silver, regular pullbacks are to be expected—some even sharp, intended to shake out “weak hands” or retail investors prone to panic. Seasoned investors and traders, however, stay […]
Grains Report – Friday, Nov. 1

Grains Report – Friday, Nov. 1

WHEAT General Comments: The markets were lower yesterday on forecasts for very beneficial rains for the Great Plains and Midwest and reports of weaker offers in Russia. The rains will allow Wheat farmers to plant the Winter crops. The US Dollar was lower. Little to no rain has been a problem with Winter Wheat planting […]
Metaplanet stock soars over 1,000% this year as firm adopts Bitcoin strategy

Metaplanet stock soars over 1,000% this year as firm adopts Bitcoin strategy

Key Takeaways Metaplanet stock surged 1,017% after adopting a Bitcoin strategy, becoming Japan’s best-performing stock in 2024. The firm has accumulated over 1,000 BTC with unrealized gains of $8 million due to rising Bitcoin prices. Share this article Metaplanet’s Bitcoin adoption has sent its stock soaring around 1,017% so far this year, making it the […]
Federal Reserve To Cut By 25bp Irrespective Of Election Outcome

Federal Reserve To Cut By 25bp Irrespective Of Election Outcome

An anticipated close election outcome could prompt significant market volatility, but this won’t deter the Fed from cutting interest rates by 25bp on 7 November. Inflation is less of a worry, and the Fed is putting more focus on a cooling jobs market. In turn, we expect it to continue cutting rates closer to neutral irrespective of […]