Author Archive: Jeremy Parkinson
Money Is Coined Liberty – The Latest Salvos In The War On Cash
Another Keynesian Voodoo Economist Wants to See Cash Abolished We have a few more bad news and for a change also some good news with respect to the ongoing attempt to prepare the ground for a ban of cash currency. By now everybody should know how this works: Whenever another step to curtail individual liberty […]
Trading Signals – May 19, 2015
EUR/USD looking for support below. The EUR/USD (ERO) pair fell during the session on Monday, showing that there is still a significant amount of resistance between the 1.14 level and the 1.15 level. At this point in time, we recognize that the market might pull back a little bit from here, but at the end of the […]
Gold Extends Gains But Falters Ahead Of $1235
Gold prices initially advanced on Monday but encountered resistance below the 1235 level as a rebound in the dollar prompted investors to take profits after the precious metal’s sharp rally the week before. Since the beginning of last week, one beneficiary of the weakening greenback has been gold, posting its biggest gains since January following […]
Bullish Technical Picture Appears To Trump Cautious Fundamentals
Stocks closed last week on a strong note, with the S&P 500 notching a new high, despite lackluster economic data and growth. I have been suggesting in previous articles that stocks appeared to be coiling for a significant move but that the ingredients were not yet in place for either a major breakout or a […]
Weekly Gasoline Price Update: Up Another Five Cents
It’s time again for our weekly gasoline update based on data from the Energy Information Administration (EIA). Rounded to the penny, the price of Regular and premium both rose five cents. This is the fifth week of price increases after six weeks of little change. According to GasBuddy.com, California has the highest average price for Regular at $3.82, and […]
View From The Hill: May-18-2015
Commentary Today’s comments will be very brief. As most investors are aware, the S&P 500 and Dow Jones Industrial Average both made new all-time highs, but on lower than average volume. Treasury bonds gave up all their gains from last Friday as a strengthening economy may confirm the inevitable hike in interest rates ahead. The U.S. Dollar has found support within the […]
American Apparel: Charney……..Unhinged
TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. At this point one can say without reservation Dov is his own worst enemy….. LOS ANGELES–(BUSINESS WIRE)– American Apparel, Inc. (NYSE MKT: APP), a vertically-integrated manufacturer, distributor, and retailer of branded fashion basic […]
Graphing The Evolution Of The World’s Debt Addiction
It’s no secret that the world is addicted to debt. China for instance, has an astounding $28 trillion debt load that amounts to 282% of GDP, while the country’s local governments are now undertaking a multi-trillion yuan refi initiative in order to cut the debt servicing costs on a mountain on high interest loans they acquired off […]
BitGold: Great Product, Over-Priced Stock
A popular view is that gold has no monetary role to play in a modern, technologically-advanced economy. This view is wrong in many ways, including that, thanks to technological advances, gold is now better suited to being money than it has ever been. This is because technology has eliminated the inconveniences that would otherwise limit […]
Stocks & Gold: A Fascinating Ratio
A reader wrote me and mentioned that, years ago, Peter Schiff had suggested it would be more important to watch the ratio of the stock market priced in gold rather than the stock market priced in dollars. In ProphetCharts, he tried to see what the SPY/GLD ratio would look like, and it yielded some interesting results. I’ve done […]
