Author Archive: Jeremy Parkinson
Silver Market Update – Thursday, August 30
This Silver Market update is the companion update to the Gold Market update posted several days ago. Overall, silver’s charts looks more frail and negative than gold’s at this time, which is normal at this stage in the cycle, because silver tends to underperform gold in the late stages of sector bear markets and the early stages […]
USD/CAD Rebounds From Channel Support As Canada GDP Disappoints
CANADIAN DOLLAR TALKING POINTS USD/CAD trades on a firmer footing as Canada’s Gross Domestic Product (GDP) report disappoints, and current price action warns of a larger recovery in the exchange rate as it snaps the bearish series carried over from the previous week. USD/CAD REBOUNDS FROM CHANNEL SUPPORT AS CANADA GDP DISAPPOINTS The Canadian dollar struggles to hold […]
NZD/USD Elliott Wave Analysis: Double Correction Taking Place
NZD/USD short-term Elliott wave analysis suggests that the decline to 0.6543 low ended Minor wave 1. The internals of that decline unfolded as impulse structure with lesser degree Minute wave ((i)), ((iii)) & ((v)) unfolded in 5 waves structure. Above from there, Minor wave 2 bounce is taking place as double correction higher with lesser degree cycles showing sub-division of 3 […]
DaVita, Peers Under Pressure As California Passes Controversial Dialysis Bill
Shares of DaVita (DVA), Fresenius Medical (FMS) and American Renal Associates (ARA) are slipping this morning after the California Assembly passed dialysis legislation SB 1156, a union-backed bill that will cap commercial dialysis payments at lower Medicare rates and force charities to disclose donors of third-party payments. The bill would essentially create a single-payer for […]
Crude Oil: Sees Further Upside, Eyes The 70.41 Region
CRUDE OIL: The commodity faces further recovery threats following its higher close on Wednesday. On the downside, support resides at the 69.50 level where a break will expose the 69.00 level. A cut through here will set the stage for a run at the 68.50 level. Further down, support resides at the 68.00 level. On […]
Kiwi Home Prices: Current World Valuation Champs
Where are homes most expensive around the world? Australia and Canada both get a lot of credit for extremely high housing prices, while countries like Ireland, Denmark, and Spain all saw very large home price levels during the 2000s. Overall, across the OECD, the current home price to income ratio is about 105% as of […]
Gold Bugs, Is A 17-Year Opportunity Forming
This chart looks at the US Dollar/Gold ratio on a monthly basis over the past 25-years. When the ratio peaked back in 2000/2001 the great bull run for Gold and Silver got started. The bull run for metals continued until the ratio bottomed back in 2011, at the bottom of falling channel (A). After hitting […]
The U.S. Dollar’s Dominance Is Being Challenged; It Won’t End Well
Germany Comes Out Swinging at the U.S. Dollar Here’s the truth: Fiat currencies don’t tend to last forever. For the U.S. dollar, this could be the case as well. The greenback could lose its dominance sooner than later. Yes, the U.S. dollar remains the most used currency around the world. Central banks hold it, global […]
Are Silver And Gold ‘at The Flood’?
There is a tide in the affairs of men… Thus, begins one of the most famous quotes ever uttered, taken from Shakespeare’s play, Julius Caesar. Brutus, talking to Cassius, says, “There is a tide in the affairs of men. Which taken at the flood, leads on to fortune…” A flood tide takes place at the […]
Dollar Tree (DLTR) Misses Q2 Earnings And Revenue Estimates
Dollar Tree (DLTR – Free Report) came out with quarterly earnings of $1.15 per share, missing the Zacks Consensus Estimate of $1.16 per share. This compares to earnings of $0.99 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -0.86%. A quarter ago, it was expected […]
