Author Archive: Jeremy Parkinson
E National Oilwell Varco – Head For The Hills
The free fall in oil prices and oil & gas E&P has taken a toll on oilfield services firms. I previously assumed that the lesser-capitalized firms would get hit the hardest. However, larger firms like National Oilwell Varco NOV have been ravaged and the carnage may not abate any time soon. NOV is down 30% […]
Gold/US Dollar Experience “Death Cross” & Support Break This Week
CLICK ON CHART TO ENLARGE The above chart looks at the U.S. Dollar/Gold ratio over the past 25-years. From 2001 to 2011, the ratio headed sharply lower, reflecting that the US$ was much weaker than Gold for almost a decade. Starting in 2011, the ratio has turned up, reflecting that the US$ has been stronger […]
4 Airline Stocks To Buy As The Oil Crash Continues
Declining fuel prices have been a blessing in disguise for the airline industry for quite some time now. However, oil recently faced a heavy blow, spiraling down to a 13-year low of $27 per barrel in February, this year. This reflects a significant decline from the approximate $105 per barrel recorded in Jul 2014. Lackluster […]
E Small Cap Best & Worst Stocks – March 17, 2016
The strongest small cap sectors is consumer goods. The best small cap industry is business software. The average small cap score is 51.38, which is above the four week score of 51.31. The average small cap stock in our universe is trading -35.7% below its 52 week high, -4.37% below its 200 dma, and has […]
The Two Worlds Of Precious Metals: East And West
For five thousand years, gold and silver have been humanity’s premier form of money; real money, not the faux-money manufactured by our central banks. During that same period of time, these metals have been our premier instruments of wealth preservation and therefore our “safe havens.” There is nothing accidental about this phenomenon. Gold and silver have obvious […]
Silver Prices Gain 3.5 Percent On A Soft USD
Silver prices are higher by 3.5% since yesterday’s FOMC low. The Fed stunned the Dollar which caused it to soften against the majority of other metals and currencies and is now projecting two rate hikes from four in December 2015 via the ‘dot plot.’ As highlighted yesterday, the March 10 low of $15.16 held as a support and traders used this […]
3 Things: Fed Failure, Valuations Matter, Chasing Returns
“Data Dependent Fed” Ignores Data I wrote on Tuesday of this week: “The Fed currently finds itself in a tough spot from a “data dependent” standpoint. Last December, when the Fed Funds rate was increased, the Fed discussed the potential for further rate hikes in 2016 as inflation and employment data strengthened. With that data improving, along with the strong rebound […]
E One Of The Best Things To Happen To Mining Since Dynamite?
TM Editors’ Note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. How does one buy something that they don’t even know about? The answer: they can’t. I do not believe that demand creates supply – but that the supply creates the demand (Say’s Law). […]
Wage Growth Dream Crushed – Weekly Earnings Rise Weakest In 18 Months
If the labor market is “tight”, and jobless claims are at 42 year lows… And the 0.5ppt point rise in the labor force participation rate is “heartening”… Then please Dear Janet, oh arbiter of all things labor-ic, explain – after exuberant hope and hype during 2015 that escape velocity was coming – why real average weekly earnings growth […]
Morning Call For March 17, 2016
OVERNIGHT MARKETS AND NEWS Jun E-mini S&Ps (ESM16 -0.30%) are down -0.45%, retreating from a 2-1/2 month high on global growth concerns. The markets lost their euphoria over the Fed’s decision Wednesday to scale back interest rate increases on concern over global growth. Caterpillar is down over 3% in pre-market trading after it lowered guidance […]
