Author Archive: Jeremy Parkinson
A World Of Lies But Gold Will Reveal The Truth
The dollar is dead but the world doesn’t know it. It has been a slow death and the final stages will be very painful for the US and for the rest of the world. The US empire is finished financially and militarily. NIXON WAS CONVICTED FOR THE WRONG CRIME It all started with the establishment […]
Goldman Sachs Cuts Nike Rating Ahead Of Investor Day On Excess Inventory
This morning, Goldman Sachs analyst Lindsay Drucker Mann downgraded Nike (NKE) to Neutral as she expects shares to trade in a range as the company works through excess inventory in the U.S. Further, the analyst believes Nike’s upcoming investor day is unlikely to be a positive catalyst, an opinion shared by her peer at Citi, […]
Abe’s Third Arrow
Japan’s Abe’s gamble to call snap elections shortly after the stunning defeat in the Tokyo elections appears likely to pay-off. He called the bluff of his former defense minister and now Governor of Tokyo Koike who is leading the main opposition party now, the Party of Hope. The Party of Hope may have over-reached and now appears to […]
Euro Edges Higher Ahead Of ECB
The Euro hit a 3-day peak today as investors eye next week’s policy meeting of the European Central Bank. Analysts say that bond investors with an intent to hedge drove demand for the common currency; however, the absence of a fundamental driver and growing political uncertainties as a result of another promise of autonomy by Spain’s […]
Is Allergan Stock Finally Going To Reward Shareholders?
Allergan Stock has been a painful ride for investors. Starting last year when the proposed merger with Pfizer fell through, Allergan (NYSE: AGN) stock has fallen. As of this writing, shares are trading at $186 and nearing their 52 week low. But the interesting thing about Allergan stock is that they have a lot going for it […]
The One Data You Should Follow To Know If The US Expansion Is In Good Shape
Since we experienced a severe economic trauma due to the subprime financial crisis, there has been an almost reflexive disbelief in the durability this economic expansion. There are times when I would count myself amongst the disbelievers. For example, during the shale oil bust, I worried that Fed rate hikes would be the straw that […]
Sensex Ends In Red On Diwali Day; Bank & Metal Stocks Fall
The hour-long auspicious Muhurat trading session ended on a weak note today. While the BSE Sensex closed lower by about 194 points, the NSE Nifty ended lower by about 64 points. Meanwhile, BSE Mid Cap ended lower by 0.3% and BSE Small Cap finished up by 0.1% respectively. Losses were largely seen in bank stocks, metal stocks and PSU stocks. Gold prices were trading down by Rs […]
Gold Prices Snap Bearish Sequence Ahead Of More Fed Rhetoric
Gold prices may continue to recoup the losses from earlier this week as the precious metal snaps the recent series of lower highs & lows. The recent price action boosts the near-term outlook for gold as the precious metal regains its footing ahead of the monthly-low ($1261), and bullion may continue to trade on a firmer […]
The Productivity Myth
Every now and then, there’s a rash of commentary on national productivity. And for the British, productivity is all part of the Brexit angst, with the OECD, the Treasury, the Bank of England and Remainers all saying the average Brit’s poor productivity just goes to show how much they need the certain comfort of being […]
Philly Fed Positive For 15th Straight Month
Manufacturing activity in the Philadelphia region continues to chug along as the Philadelphia Fed’s survey of manufacturing activity came in higher than expected for October rising to 27.9 compared to forecasts for a reading of 20. October’s reading represents the 15th straight month that manufacturing activity showed growth and is the strongest monthly reading since […]
