Mar 13, 2017
Jeremy Parkinson
Finance
For the first few trading days in March, the equity market seems to be consolidating the gains achieved in February. Sideways or small market pullbacks have been a common pattern for the market since the election. For the most part the market has corrected over time (sideways movement) versus a steep contraction during the post […]
Mar 12, 2017
Jeremy Parkinson
Finance
Pass through price pressures due to rising oil are rapidly abating. A trio of charts on a daily, weekly, and monthly basis provide a good picture. Crude Daily Chart Crude Weekly Chart Crude Monthly Chart Inflation Hawks Worried Crude closed at $39.44 for the week ending March 12, 2016. Even with the steep decline in […]
Mar 12, 2017
Jeremy Parkinson
Finance
The question on the lips of everyone who plans to exchange his metal for dollars—widely thought to be money—is why did silver go down? The price of silver in dollar terms dropped from about 18 bucks to about 17, or about 5 percent. The facile answer is manipulation. With no need of evidence—indeed with no evidence—one […]
Mar 12, 2017
Jeremy Parkinson
Finance
If nothing else, this will win the Fewest Number Of Bars in a Chart award for the entire history of this blog. I honestly didn’t think I’d be shorting SNAP, but frankly I think the mania over it is so completely misguided that I couldn’t help myself. I have a reed-thin analysis for this tiny chart, which is […]
Mar 12, 2017
Jeremy Parkinson
Finance
Simon had Garfunkel, Batman had Robin, Hall had Oates, Dr. Evil had Mini Me, Sonny had Cher, and Malone had Stockton. In the investing world, Buffett has Munger. Charlie Munger is one of the most successful and famous wingmen of all-time – evidenced by Berkshire Hathaway Corporation’s (BRK-A, BRK-B) outperformance of the S&P 500 index by […]
Mar 12, 2017
Jeremy Parkinson
Finance
Gold: The commodity closed lower the past week but it looks to trigger corrective recovery. On the downside, support comes in at the 1,200.00 level where a break will turn attention to the 1,190.00 level. Further down, a cut through here will open the door for a move lower towards the 1,180.00 level. Below here […]
Mar 12, 2017
Jeremy Parkinson
Finance
In the Roman calendar, the Ides of March was the same as March 15th in today’s calendar. This date was not significant until Julius Caesar was assassinated on 15 March 44BC. Shakespeare then coined the phrase “Beware of the Ides of March” in his Julius Caesar work. So will March 15, 2017 be significant. We […]
Mar 12, 2017
Jeremy Parkinson
Finance
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Mar 12, 2017
Jeremy Parkinson
Finance
All eyes turn to the Federal Reserve this week as Janet Yellen and company meet on Tuesday and Wednesday for their quarterly meeting. A rate hike, which was considered more likely than not recently, has become a virtual lock with the blowout jobs report released on Friday. The question now becomes how many rate hikes […]
Mar 12, 2017
Jeremy Parkinson
Finance
Talking Points: Oil Prices fell on Tuesday as supply shortage from OPEC may not extend Gold on longest losing run since October Gold pushes lower on appreciating UST 10YR Yield & USD Ahead of NFP Oil Price Forecast: Is the Bear on the Way Back? Blame the Americans. Specifically, the American shale oil producers for the recent […]