Author Archive: Jeremy Parkinson
Goldcorp Upgraded To Outperform From Neutral At Credit Suisse
Credit Suisse analyst Anita Soni upgraded Goldcorp to Outperform and raised her price target for the shares to $19 from $15.50. The shares closed Friday up 45c, or 3%, to $14.35. Soni sees Goldcorp posting “attractive” growth over the next two years and believes its analyst day on January 16 will serve as a […]
Dollar Tumbles As Euro Soars To 3-Year High; US Markets Closed
With US markets closed for holiday, it has been a quiet, low-liquidity European session, with Asia similarly subdued, while continued USD weakness, now in its 4th consecutive day, has been the main focus as Bloomberg’s dollar index approached its lowest level in three years, helping push the euro up to its strongest since 2014. Indeed, […]
The Fascinating Psychology Of Blowoff Tops
Central banks have guaranteed a bubble collapse is the only possible output of the system they’ve created. The psychology of blowoff tops in asset bubbles is fascinating: let’s start with the first requirement of a move qualifying as a blowoff top, which is the vast majority of participants deny the move is a blowoff top. Exhibit 1: […]
The ETH/USD Quotes Are In A Sideways Trend. We Are Waiting For A Technical Correction
Technical indicators: Market Cap, billion: $128.94 % chg. over the week: +21.6 52 wk range: 201 – 1420 At the moment, the ETH/USD quotations are consolidating after a significant rally from the beginning of this year. The technical pattern is ambiguous. The main cryptocurrency is under pressure. There was information that South Korea plans to […]
Government Shutdown
Last week, global stocks continued their surge led by American companies. On Friday, the Dow gained 228 points to end the week at a record $25,803 level. The climb by stocks was attributed to positive results from American banks, Wells Fargo and JP Morgan which beat analyst estimates on revenues and earnings. However, the banks […]
Forex Strength And Comparison Week 3 / 2018
In the Currency Strength table, the NZD was the strongest currency while the USD was the weakest. There were some significant changes last week with the JPY gaining 5 points while the CAD lost 4 points. On a week to week basis the NZD and AUD showed a very good performance while the USD and […]
Gold & Gold Stocks Breakout In 2018
Gold is setting up for a major breakout in 2018 and the gold stocks and Silver are not far behind. In this video, we analyze 6 different charts and provide the key resistance levels that these markets could test very soon and then later on. (Video length 00:16:39)
Stocks In Qatar Dive Most Since Blockade As U.A.E. Says Fighter Jets Intercepted Airliner
If you were under the impression that relations between Qatar and the Saudi-led bloc that cut diplomatic ties with the filthy-rich sheikdom last summer were set to thaw, you might want to rethink that assumption because, on Monday, Qatar fighter jets intercepted a U.A.E. plane on a regular flight to Bahrain’s capital. Or at least according to the U.A.E’s […]
Is This The Cheapest ‘Stock’ In The World?
Despite roaring to a 162% return in the last 12 months, this ‘stock’ trades at a mere 0.0168x trailing price-earnings ratio… and a record-breakingly cheap 0.009x 2017-estimated P/E… Are you a buyer? The ‘company’ has a market capitalization of CHF 495 million and ‘earnings’ of CHF54 billion! How much would you like? The name of this mystery stock? Simple […]
US Stocks Top Weekly Performance List As REITs Sink
US equities led most markets higher last week, posting the strongest gain among the major asset classes, based on a set of exchange-traded products. Meanwhile, real estate investment trusts (REITs) in the US suffered the biggest weekly loss, extending a slide for this yield-sensitive sector in the wake of rising Treasury yields. Vanguard Total Stock Market (VTI) […]
