Author Archive: Jeremy Parkinson
Housing’s Echo Bubble Now Exceeds The 2006-07 Bubble Peak
A funny thing often occurs after a mania-fueled asset bubble pops: an echo-bubble inflates a few years later, as monetary authorities and all the institutions that depend on rising asset valuations go all-in to reflate the crushed asset class. Take a quick look at the Case-Shiller Home Price Index charts for San Francisco, Seattle and Portland, OR. Each […]
As Vol “Re-Enters The Doldrums,” Goldman Weighs In
Remember this chart? (BofAML) Yeah, so that’s become something of a mainstay among those of us who enjoy reminding market participants about just how absurdly efficient the central-bank-inspired BTFD trade has become. Basically that visual underscores a point Marko Kolanovic made a while back, which is simply that the time it takes markets to mean revert after […]
Cycles Are Present In The Gold Price
Cycles do exists in the market, and it PAYS to know about them! Here we see the 287 Daily Gold cycle has been working well for some time. Gold is still working through the demand and supply battle of this apex.
Daily Trading Opportunities – Tuesday, April 25
During the session on Tuesday, we get CB Consumer Confidence numbers, New Home Sales, and a few other lower level types of announcements. Because of this, we believe that a lot of focus will be on the United States. USD/CAD The USD/CAD pair broke higher during the session on Monday, breaking the top of the […]
GBP/JPY And The Special Fibonacci Level
Most markets opened on Monday with a huuuuge gap. Some, in particular, opened at interesting levels. For example, GBPJPY Fibonacci analysis shows the pair opened at a hard resistance above the daily Ichimoku cloud. What’s an Invest Diva to do now? Let’s figure it out. 1- Fundamental Points It was mainly the French elections […]
Bernie To Introduce $15 Federal Minimum Wage Legislation On Wednesday
We all knew it was coming and now it has finally been confirmed that the Senate’s favorite Socialist will introduce legislation later this week calling for a $15 federal minimum wage. The pending release of the bill was confirmed earlier today by Bloomberg’s Josh Eidelson. Apparently co-sponsored by fellow liberals, Senator Murray, Keith Ellison, Bobby […]
Earnings Are Coming In Better Than Expected
Podcast: Play in new window | Play in new window (Duration: 13:15 — 7.6MB) DOW + 216 = 20,763 SPX + 25 = 2374 NAS + 73 = 5983 RUT + 18 = 1397 10 Y + .03 = 2.27% OIL + .06 = 49.29 GOLD – 7.90 = 1277.00 Last Friday we spent some extra time talking about the French […]
Sweden’s Gold Reserves: 10,000 Gold Bars Shrouded In Official Secrecy
In February 2017 while preparing for a presentation in Gothenburg about central bank gold, I emailed Sweden’s central bank, the Riksbank, enquiring whether the Riksbank physically audits Sweden’s gold and whether it would provide me with a gold bar weight list of Sweden’s gold reserves (gold bar holdings). The Swedish official gold reserves are significant and […]
A Budget Discussion Thats Not Stoopid
As of last week, your income taxes are all filed. Congrats! Or, like me, you got an extension. Boo! In either case, it’s a good week to think about what our tax money bought this year. And since we’ve all been promised federal tax reform this spring or summer from a unified legislative and executive […]
