Category Archive: Finance
Ethereum Price Remains In The Bullish Zone After Byzantium
Ethereum price was rising steadily before and during the Byzantium fork. It even managed to touch the 350 USD level. Since then, it dropped briefly below 300 to touch a low of 287 USD. Even with this recent drop, we maintain a Bullish stance on Ethereum price, even with the recent price movement. Here is why. First […]
4 Warren Buffett Stocks To Buy Ahead Of Q3 Earnings
Who doesn’t want to get as lucky as Warren Buffett in the investment world? Since Berkshire Hathaway Inc.’s (BRK-B – Free Report) inception, the holding company has yielded a stellar return of nearly 21%. Buffett’s investing style has always remained simple: buy shares in great companies and hold them for a significant period of time. These […]
Sinking Apartments (Not From Storms)
Housing construction continues to slow in 2017, dragged down by fewer multi-family projects. Total permits and starts have essentially flatlined since 2015, a further slowdown from one already slowdown. The single-family market is still growing but at a historically tepid pace, leaving the pace of construction overall to be dictated by weakness in apartment development. […]
The Fragile Gold Industry: Gigantic Equipment, Massive Capital Expenditures & Rising Costs
The gold industry has been built on the leveraging of debt and energy. The days of using human and animal labor to produce the precious yellow metal are long gone. While some gold is still mined the old fashion way, the overwhelming majority is produced by using colossal-sized mining equipment, massive amounts of capital, energy, […]
Indexing: Valid But Flawed
I caught an interesting exchange on Twitter between old friend Mark Yusko and Lance Roberts as follows; This conversation gets to the heart of one of the major themes of this blog going back to the beginning. Indexing, where the context is buying passive funds and holding on no matter what, is, of course, valid […]
Bitcoin Price Drops Off A Cliff At Mention Of Regulation
Bitcoin plunged suddenly on Wednesday after the U.S. Commodity Futures Trading Commission claimed jurisdiction over bitcoin derivatives. It’s only the latest whiff of regulation, and apparently those who invest in the cryptocurrency can’t handle it. However, some are calling this bitcoin price drop a healthy one because of how high it climbed in such a short amount of […]
New Residential Building Permits: Up In September
The U.S. Census Bureau and the Department of Housing and Urban Development have now published their findings for September new residential building permits. The latest reading of 1.215M was a decrease from 1.272M in August and above the Investing.com forecast of 1.245M. Here is the opening of this morning’s monthly report: Building Permits Privately-owned housing units authorized […]
The Elimination Of A Natural Gas Weather Premium
Again today we saw natural gas prices come under heavy selling pressure as longer-range forecasts eliminated the heating demand that we see in the medium-term forecast. The result was a break below one of our near-term support levels at $2.88 which opens up room for a re-test of $2.83. One easy way to see the […]
Alcoa Corporation Reports Third Quarter 2017 Results
PITTSBURGH–(BUSINESS WIRE)–Alcoa Corporation (NYSE: AA): 3Q 2017 Results1 Net income of $113 million, or $0.60 per share Excluding special items, adjusted net income of $135 million, or $0.72 per share $561 million of adjusted earnings before interest, tax, depreciation and amortization (EBITDA) excluding special items, up 16 percent sequentially, on improved aluminum pricing and higher […]
SEC Hires JPM Banker As Its Most Important Markets Regulator; May Blow Up HFTs
Yes, it’s another glaring case of “revolving door” cronyism between Wall Street and the SEC: on Wednesday, the Securities and Exchange Commission announced it had hired Brett Redfearn, a JPMorgan banker, to head the agency’s Division of Trading and Markets, arguably the most important group within the SEC, one which oversees U.S. stock markets and […]
