Author Archive: Jeremy Parkinson
Markets: Think
Very quietly and with only a very few people noticing, the total amount of computing power being used to mine bitcoin reached a new all-time on Monday. Here we can see the beautiful hockey stick graph of the Bitcoin blockchain’s hashrate over the last three years. A figure that has topped 61 quintillion hashes per second this week. What this […]
WTI Crude Oil And Natural Gas Forecast – Thursday, August 30
WTI Crude Oil The WTI Crude Oil market has rallied during trading on Wednesday, as crude oil inventory numbers came out much more bullish than anticipated. By breaking above the $69 level, I think it’s only a matter of time before we rally towards the $71 level above, which is the next major resistance barrier, […]
Brexit Optimism Underpins Sterling
The US dollar is mostly firmer, while global equities are softer and bonds little changed. The Turkish lira and South African rand remain under pressures. However, there does not appear to be an overall theme in today’s markets. Disappointing data from Australia and New Zealand has seen the Antipodean currencies move lower. New Zealand’s business confidence […]
Will This 5.7% Yield Go Up In Smoke?
Philip Morris (NYSE: PM) isn’t for everyone. Some investors don’t feel comfortable owning shares of a cigarette maker. But for those who do, one of the most attractive features about the stock is its 5.7% yield. The company has raised its dividend in each of the past 11 years. That’s an impressive track record. Philip Morris, which sells […]
2Q18 US Corporate Profits New Record, But Past Quarters Massively Revised Lower
US corporate profits rose to a new high in 2Q18, but prior quarters were revised lower by $739 billion. Second-quarter US corporate profits were published Wednesday. Profits adjusted for inventory valuation and capital consumption rose 7.7 percent year-over-year to a seasonally adjusted annual rate of $2.25 trillion – a new high. This has been […]
EUR/USD Enjoys The Optimism, Uptrend Channel Intact
The EUR/USD holds onto high ground amid Brexit, NAFTA optimism. Euro-zone and US inflation figures are watched. The technical picture remains positive for the pair. The EUR/USD is trading above 1.1712, in the upper part of the recent range. The European Union’s Chief Negotiator Michel Barnier said they would offer the UK a “deal unlike any other […]
Offshore Gold Storage: Assessing Vault Insurance & Transparency – Part 2
<< Watch More: Offshore Gold Storage: Are You An Owner Or A Creditor? – Part 1 Gregor Gregersen, founder of Silver Bullion & The Safe House, shares insights on the essentials of vaulting insurance for complete protection of your gold and silver bullion. He reveals common vaulting practices in the industry and how the company developed solutions to ensure […]
Is China Losing Control? Yuan More Volatile Than Euro For First Time Ever
For the first time, FX traders are grappling with wilder swings from China than Europe. As Bloomberg notes, the offshore yuan has been more volatile than the euro all month after first overtaking the shared currency in July, according to 30-day realized data. And while euro uncertainty remains relatively bracketed between 6 and 8 for the last two years, […]
4 Tech Stocks With 100% Street Support
Tech’s heyday is far from over. So says billionaire venture capitalist Jim Breyer. He is betting his money on U.S. and Chinese technology companies for the next decade. “I do believe ten years from now, of the 20 largest market cap companies of the world, several of which are likely to be $2 trillion or […]
Domtar Makes Paper For Print, Special, & Health Uses
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 mid-cap paper […]
