Author Archive: Jeremy Parkinson
USDCAD Daily Analysis – Wednesday, August 29
USDCAD extended its downside movement from 1.3174 to as low as 1.2949, breaking below 1.2961 support. Further decline could be expected after a minor consolidation and next target would be at 1.2800 area. Resistance is at 1.3030, only a break of this level could bring the price back to 1.3150 area.
During Big 2016 Market Correction Gold & Silver Didn’t Fall, They Soared
If we go back to the last big market correction, the precious metals didn’t fall, they soared. There were several reasons the gold and silver prices disconnected from the broader markets at the beginning of 2016. In my newest video, I show exactly what happened to gold and silver price as the Dow Jones fell […]
Mercer NBSK Pulp Makes A World Of Paper
This week I’m seeking a high-yield and growing stock from the basic materials sector. That materials sector includes thirteen industries all related to mining, making and delivering essential commodities. The industries are: agricultural inputs; aluminum; building materials; chemicals; coal; copper; industrial metals and minerals; paper; silver; specialty chemicals; steel. Today I’m reviewing a small-cap paper […]
Mortgage Prisoners Totally Screwed In Australia As Refinance Rejections Soar
Australia is flooded with “too good to be true” refinance offers. Rejections up 349% since April, 1426% from December. Looking to refinance your Australian property you wish you didn’t buy? Not to worry, I can help is the message banks are sending. Oops, strike that. The total number of monthly rejections went from 2,031 in […]
Is Tunisia The Next Emerging Market To Implode?
Seems like every few days a newly developing country discovers that it can’t pay back the dollars and/or euros it borrowed back when “external foreign currency debt” seemed like a good thing. Next up: Tunisia, apparently. From today’s Wall Street Journal: Nation That Sparked Arab Spring Finds Itself a Springboard for Illegal Migration AL ATAYA, […]
EOS Bullish As It Builds A Voting System To Allocated Saving Funds
The cryptocurrency market was in a good mood on Tuesday as most major coins in top 100 turned green for the day. IOTA led the top 10 with a 28% gain, confirming that saucer bottom bullish reversal chart pattern I talked about on Sunday. Among top gainers was EOS, which also appears to have bottomed […]
WTI Crude Oil And Natural Gas Forecast – Wednesday, August 29
WTI Crude Oil The WTI Crude Oil market fell during trading on Tuesday as the $69 level looks to be a bit too resistive. The market had low volume though, so one has to wonder whether this was anything more than technical. It was a very choppy session on the short-term charts, making it very […]
Bitcoin Is Becoming The New Safe Haven Trade
Emerging markets are continuously using bitcoin (BTC) as a way to get their money from their respective countries. Cryptocurrencies are attractive to individuals in less developed economies for a few reasons: Transaction costs are the same as gold.BTC’s higher price volatility is offset by gold’s higher conversion fees Liquidity favors BTC BTC only requires access to […]
Sensex Trades Flat; Rupee Hits Record Low
Stock markets in India are trading flat after the Rupee hit a record low against the US dollar. Gains are largely seen in power stocks and bank stocks. The BSE Sensex is trading down by 35 points and the NSE Nifty is trading down by 20 points. Meanwhile, the BSE Mid Cap index is trading up by 0.7% while, the BSE Small Cap index is trading up […]
Early Pumpkin Spice Lattes Sign Of Trouble At Starbucks?
For many Americans, the month of September is something to look forward to every year with the return of cooler temperatures and, for millions of Starbucks’ (Nasdaq: SBUX) consumers, the return of the coffee retailer’s delicious Pumpkin Spice Latte. Except this year, because Starbucks isn’t waiting for cooler temperatures to roll out its most popular seasonal drink. For fall […]
