Author Archive: Jeremy Parkinson
Dow 25K Has Come: What’s Next?
It is hard to find a “talking head” in the media that isn’t able to justify the persistent rally in the major indexes and more recently the Dow Industrial Average crossing 25,000. In short, they are always able to offer that the end is justified by the means. With the end being Dow 25,295 as […]
U.S. Gold Market Switches From A Surplus In 2016 To Deficit In 2017
The U.S. gold market suffered a net deficit this year compared to a small surplus in 2016. This was quite interesting because U.S. physical gold demand will be down considerably this year. In 2016, total U.S. gold demand was 212 metric tons versus an estimated 150 metric tons this year. The majority of the decline […]
Did The Economists ‘Steal Christmas’?
What to make of Friday’s job’s report? Probably not much. Yes, the headline was a disappointment, but that 148K isn’t going to have any material impact on the dot plot, and don’t forget, AHE was in line. That’s probably why the dollar rebounded from its knee-jerk dip and why yields reacted similarly: But there’s something else worth […]
Yuan May Extend Gains On New Policies, China-France Summit Adds Uncertainties
Fundamental Forecast for CNH: Bullish Chinese regulators’ recent policy moves may support Yuan rates. China-France President summit could bring mixed impact to the Yuan. The risk of price bubbles could elevate and further constrain monetary easing. The offshore Chinese Yuan (CNH) closed at a one-and-half year high level against the U.S. Dollar on Friday; this is also the […]
Materials Stocks To Lead In 2018
Materials equities look ready to gain as inflation pressures build. The Candidate Pool 2017 Status P/E PEG (5 yr) PPB PPS Ecolab (ECL) Base 29.38 2.33 5.37 2.87 DowDupont (DWDP) Base 24.99 2.83 1.62 2.12 FMC Corp (FMC) Breakout 38.96 2.08 5.99 4.59 International Paper (IP) Base 19.86 1.48 4.87 1.06 PPG Industries (PPG) […]
Criminals Abandon Bitcoin As Privacy Weakens
While the establishment would like the world to believe that only criminal masterminds and people with something to hide would prefer the decentralized freedom of Bitcoin (as opposed to the ‘under government watch’ banking system that floats Washington’s boat), the truth is that the biggest cryptocurrency is considerably less ‘anonymous’ than is commonly exclaimed. In fact, as […]
EC Q4 Bank Earnings Will Be Messy & Noisy
Conventional wisdom tells us that the tax cuts will not only add to the economy’s growth trajectory but also be a boon for corporate earnings. Conventional wisdom would be correct in this respect, but we will have to jump through a few hurdles before we reach the ‘promised land’ and those hurdles will start showing […]
It’s Official: Emerging Markets New Major Bull Market In 2018 Is Now Confirmed
With the ultimate confirmation of the new secular bull market in emerging markets we are proud because we saw this coming more than a year ago. It is not too late though as the emerging markets new bull market which got confirmed in the first week of 2018 has much more upside potential. Let’s briefly go […]
Canadian Dollar: Record Low Unemployment Boosts The Bullish Case
Last week, I wrote about how economic data overrode the apparent desire of the Bank of Canada (BoC) to apply brakes to the strength of the Canadian dollar (FXC). Friday’s jobs report all but sealed the deal on the bullish case for the Canadian dollar and makes it more likely that the BoC will be forced to hike rates […]
