Author Archive: Jeremy Parkinson
Weekly Technical Perspective On DXY, USD/JPY And NZD/USD
In this series we scale-back and take a look at the broader technical picture to gain a bit more perspective on where we are in trend. Here are the key levels that matter heading into the open of February trade. Review this week’s Strategy Webinar for an in-depth breakdown of these setups and more. DXY WEEKLY PRICE […]
Big Trouble For Barrick’s Pascua Lama Massive Gold Project
Regulators in Chile ordered the permanent closure of Barrick’s Pascua Lama Gold Project on their side of the border. This is very bad news for Barrick because the majority of gold mine is located on the Chilean side of the project. The massive Pascua Lama Gold Mine straddles the border and is situated in both […]
January 2018 Texas Manufacturing Survey Sharply Declines
Of the five Federal Reserve districts which have released their January manufacturing surveys – all are in expansion. A complete summary follows. Analyst Opinion of Dallas Fed Manufacturing Survey This survey remains well into positive territory with new orders declining and unfilled orders declining – but both well into positive territory. This was a weaker […]
Bullish Watch-List To Keep The Profits Rolling In
January has been an amazing month for trading in the stock market. So far we have yet to see the market crack. Each dip continues to get bought back up with undeniable ferocity. While a pullback would, no doubt, be welcomed, the goal here is to continue to ride this trend higher for as long as […]
The Market’s Direction Hinges On These Data Points
This week we have several very important economic reports coming out. These top tier reports will give us key data on future indicators regarding factories, jobs, and consumer confidence. The biggest report is coming out Thursday; the ISM Manufacturing Index. This forward looking report has a long track record of accurately gauging the direction of […]
Gold Technical Analysis: Wait Before You Buy
Gold is having a good year, thanks to a weaker dollar. YTD, gold has gained 4% and I believe there is more to come. As shown in the chart below, gold passed the four-month high of $1357 last week. As it regularly happens, financial assets tend to retrace after hitting a significant high. The same […]
Chart Of The Day: Bitcoin Trust Spikes On Stock-Split
With Bitcoin prices down around 5% overnight and unchanged from Friday’s close, shares of the Grayscale Bitcoin Investment Trust are up 8% this morning following news of a 91-for-1 stock split… GBTC is surging on nothing more than a stock-split… Sending GBTC’s implied price for Bitcoin to over $17,600 – a 55% premium to the underlying price!
Dollar Bounce May Not Be Sufficient To Avoid Turn Around Tuesday
The US dollar is having one of its best days in three months. It is coinciding with the push in 10-year yields above 2.70% and the two-year yield at its highest level since 2008 (~2.13%). It may have been encouraged by a push back against the ECB hawks who want to end QE as soon […]
Ethereum Price Remains Strong
The Ethereum price has been strong lately. During a recent crypto market downturn it managed to continually post gains. Over the past few days it has again been making gains and seems poised for another long upward movement. Ethereum Price On the Rise Aside from a single day, Ethereum price has closed over $1,000 since January […]
Key Risks Facing The Markets In 2018
Sam McElroy, joins me to outline the key risks he sees in 2018 for the markets. After a historically boring market through all of 2017 there are some factors that Sam is keeping his eye on for this year. We discuss political factors, central bank policy, and overall optimism. (Audio length 00:12:13)
