Category Archive: Finance
Billion Dollar Unicorns: Valuation Without Revenue Nextdoor Trying To Monetize
Facebook’s social networking skills have inspired a few others to set up their own networking channels. For instance, LinkedIn established a professional focused networking service. A smaller organization is San Francisco-based Nextdoor, which has established a social network based on neighborhoods. Nextdoor has managed to attain a Billion Dollar Unicorn status, but its financials are still a matter of […]
Yellen Sends The Dollar Tumbling Down At Jackson Hole
What had markets expected from the Jackson Hole Symposium? In any case, Yellen did not provide any surprises. And this was enough to send the US dollar tumbling down. The Chair of the Fed discussed changes to financial regulations and said they should be modest. This is not market-related. Will she say something else during […]
The Truth About Bundesbank Repatriation Of Gold From U.S.
Last Monday, U.S. Treasury Secretary Mnuchin feigned to inspect the U.S. gold reserves in Fort Knox and joked flippantly that he assumed it was there. A day later the Bundesbank, announced that they had repatriated much of their gold reserves from the U.S. and France. Coincidence or coordination? In 2013 the Deutsche Bundesbank announced plans to […]
Nikkei 225, FTSE 100, And S&P 500: Is The Downside Correction Over?
After two weeks of a choppy trading in most of the global equities, due to the global geopolitical tensions, some of these indices tried to recover losses. However and so far, they are still far away from recovering. This is even though the geopolitical tensions between the US and North Korea has eased significantly ahead […]
Friday Morning’s Gold Chaos In Pictures
In case you didn’t see it, gold rose and then plunged a few minutes ago, seemingly in tandem with comments from Dallas Fed chief Robert Kaplan. Here are the bullet point highlights of his comments via Bloomberg: “Ironically, even though aging demographics and other headwinds should slow GDP growth, they keep rates low, and so investors […]
Doc Copper & Freeport Continue To Blast Higher, Says Joe Friday
A month ago the Power of the Power of the Pattern shared the Doc Copper was breaking above a 6-year falling channel. While inside of this channel since the highs in 2011, Copper had lost over a third of its value. See breakout post HERE Doc Copper and Copper Miner Freeport (FCX) continue to reflect strength over Gold, Silver […]
Force 3 Friday – Hurricane Harvey Throws Markets Into Turmoil
This is a huge storm. We haven’t had a storm like this hit the land in over a decade and 2-3 FEET of rain are expected where Harvey hits land in the Gulf Basin. That will take many refiners off-line and Gasoline (/RB) and that’s already fantastic for our long Futures contracts, which we discussed during Wednesday’s Live […]
Give Us Another Ka-Pow
This hasn’t exactly been the most riveting week in market history. For those who thought the eclipse was going to kick off something big (c’mon — not me – I’m odd, but not THAT odd) this was surely a disappointment. Something to keep in mind is that in recent weeks, the drops have been sudden […]
Gold Vs. U.S. Dollar Charts – What’s Next?
Both gold and the U.S. dollar have an awesome setup. They both suggest what is likely to come next, at least in the short to medium term. First, the dollar corrected more than 10 percent since the first days of this year. That is meaningful for the most traded currency in the world. The dollar […]
The Smile Curve: The Distribution Of Benefits From Global Value Chains
Global value chains have been on the rise. Roughly one-third of international trade is “traditional” trade, in which all of production happens in one country and all of consumption happens in another. About two-thirds is either a “simple” global value chain, in which “value added crosses national borders only once during the production process, with no […]
