Author Archive: Jeremy Parkinson
The Light At The End Of The HUI
I’m going to use this long-term weekly chart for the HUI as a proxy for the other PM stock indexes. This chart also shows you why I’ve remained very cautious on any PM stock rally. What we know for sure is that the HUI rallied strongly out of its January 2016 low to the August […]
Sensex Down Over 160 Points; Banking Stocks Witness Losses
Indian share markets are presently trading on a negative note. Sectoral indices are trading in the red with stocks in the banking sector and metal sector witnessing maximum selling pressure. The BSE Sensex is trading down 154 points (down 0.5%) and the NSE Nifty is trading down 52 points (down 0.5%). The BSE Mid Cap index is trading down by 0.2%, while the BSE Small Cap index is […]
LitePay Launch Is Paused – LTC/USD Consolidates Inside Ichimoku Cloud
Litepay Fails to Launch: Litecoin investors were looking forward to some delicious rallies this week as they awaited the launch of LitePay; a service designed to accept Litecoin payments. However, the card registration process was delayed on Tuesday. This caused LTC prices to take a hit. LitePay Card is Delayed but Launches for Merchants Litepay a service […]
E Market Briefing For Wednesday, Feb. 28
Economic assessmentsby the new Fed Chairman were, as expected, along the lines of ‘somewhat higher prices’, stronger economic outlook; and multiple rate hikes. The market was a bit roiled ‘as if’ expecting less than a positive tone, which I wouldn’t call ‘hawkish’, but realistic. Makes no sense that equities overreacted given this ‘was expected,’ but […]
The US Government Lost $1.2 Trillion In 2017
Earlier this month, the United States government released its annual financial report for the year 2017. This is something the government does every year, similar to how large companies like Apple, or Warren Buffett’s Berkshire Hathaway, publish their own annual reports. Unlike Berkshire and Apple, though, whose financial reports typically show strong, positive results, the US government’s financial […]
Liquid Natural Gas Demand To Spike In 2019
Demand, as reported by the EIA for Liquid Natural Gas Capacity, will remain pretty stable in 2018. However, it appears that demand is set to spike pretty sharply in 2019: We believe that natural gas prices will remain relative stable in 2018 as supply is strong. Keep in mind however that exports are at an […]
Will The Data Tell Us When The Next Bust Is Due?
Most economists are of the view that by means of economic indicators it is possible to identify early warning signs regarding an upcoming recession or prosperity. What is the rationale behind this approach? The National Bureau of Economic Research introduced the economic indicators approach in the 1930’s. A research team led by W.C. Mitchell and […]
Indian Indices Lose Steam, India’s GVA Recovery, And Top Stocks In Action
On Tuesday, share markets in India opened in green but ended on a weak note. The BSE Sensex closed lower by 99 points to end the day at 34,346. While the broader NSE Nifty ended the day lower by 28 points to end at 10,554 levels. Among BSE sectoral indices, bank stocks fell the most […]
New Homes Sales ‘Normalized’ Rather Than Dropped
New home sales dropped last month, but I think “normalized” would be a better description. Dr. Bill Conerly based on Census Bureau data New home sales On the accompanying chart, I show the data (seasonally adjusted, annual rates) as reported by the Census Bureau, along with my own calculation of the 12-month average before last year’s […]
