Author Archive: Jeremy Parkinson
NAV Premiums Of Certain Precious Metal Trusts And Funds – Ukraine Admits Its Gold Is Gone
Cash level in the Sprott Silver Trust has dropped below the $2 million mark. This is historically low. The Trust needs to do a secondary offering to get those cash levels up. The discount on the Speicher Trusts and Funds continue to be around ten percent. The Gold/Silver ratio is still elevated at about 73.6. […]
Housing Index Continues Climb
“Davidson” submits: The National Assoc. of Home Builders reported the Housing Market Index (HMI) at 58 for Nov 2014. This level of the HMI has historically been associated with improvement to follow in New Single-Family Starts (XHB). The housing recovery has been hampered by stifled bank lending due to a combination of tighter regulation and […]
EMC Strength
I find posts like this boring, but sorry, that’s the market we’re in – EMC is a nice, clean breakout for a long position. This stock has been dynamite for years, and it seems poised to just keep on keepin’ on.
Five Things To Look For In The TIC Data
The US reports the TIC data at the close of markets today for the month of September. In August the TIC data showed $74.5 bln net foreign portfolio capital flowed to the US. The bulk, or a little more than $52 bln of this was long-term flows. The data typically does not move markets, and […]
Recent News From Xinyuan Real Estate Not Good, BUT….
Introduction Xinyuan (XIN) announced its third quarter results last week and they were not good. Following the announcement, some continue to support the company while some continue to support the company. To get a balanced and current view of the company, I read with care the earnings call transcript of its third quarter results as well as its latest SEC filing. […]
E The Bad News Bears
Today we hear from bad news bears around the world. Reuters writes on the financial sector: “Market volatility increased trading revenue at major banks in Q3, but not enough to make up for a decrease in [H1]2014, according to an industry survey. [But] revenue for the top 10 international investment banks reached $36.5 bn in Q3, […]
A Data Breach, Stronger Dollar And Offensive Merchandise All To Blame For Tepid Retail Reports This Week
After yesterday’s closing bell, Urban Outfitters (URBN) showed they are still struggling to attract shoppers at its namesake stores. Earnings per share for the third quarter came in at a lousy $0.35, $0.10 lower than the Estimize consensus, showing a decline of 26% YoY. Record revenues for the quarter also slightly missed the consensus, reporting $814.5M vs. expectations […]
An “Owner’s Manual” For A Successful Life
Source: flickr Dear Diary, The Dow rose 13 points yesterday. Gold jumped $18.40 to settle at $1,201.90. Nothing to get too excited about. So we return to “The Secret of Success.” The Battle of Rorke’s Drift was either a triumph for Western civilization or a bloody disaster, depending on how you look at it. The battle […]
S&P 500 Hits Goldman Sachs Year-End 2,050 Target
It’s been quite a year for David Kostin and his flip-flopping Goldman equity strategy team. From a modest 1,900 year-end target in January (reached in May) to warning stocks are 30-45% overvalued in January to projecting the S&P 500 will reach 2,050 by year-end in July…Mission Accomplished today, 6 weeks early. Now what? Mission Accomplished… warning stocks are 30-45% overvalued in […]
Credit Suisse Analyst Michael Slifirski: New Non-Chinese Graphite And Vanadium Supply Could Create New Demand
More may really be better for end users and mining companies when it comes to graphite. Credit Suisse Analyst Michael Slifirski sees something a lot bigger than a zero-sum game in minerals. In this interview with The Mining Report, he explains how a steady source of graphite and vanadium from outside China could create whole new markets […]
