Category Archive: Finance
Why Wage Growth Is So Weak
The yearly growth rate of average hourly earnings in production and non-supervisory employment in the private sector eased to 2.3% in June from 2.4% in May. Many experts are puzzled by the subdued increase in workers earnings. After all, it is held the US economy has been in an expansionary phase for quite some time […]
Massive Bank Short Position Liquidation Foretells Major Upward Movement In Gold Prices
I received an email from one of my readers on the July 4th holiday. He expressed dismay at the recent gold take-down that occurred at the end of June and on July 3rd. I am sure he is even more distressed, now, with the huge take down that happened on July 7th. He wondered how […]
NZD/USD Risks Further Losses On Softening New Zealand CPI
A marked slowdown in New Zealand’s Consumer Price Index (CPI) may spark a bearish reaction in NZD/USD as it encourages the Reserve Bank of New Zealand (RBNZ) to keep the cash rate at the record-low throughout 2017. Why Is This Event Important: With Governor Graeme Wheeler scheduled to depart in September, the RBNZ appears to be on […]
The Big Four Economic Indicators: June Real Retail Sales
Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. This committee statement is about as close as they get to identifying their method. There is, however, a general belief that there are four big indicators that the committee weighs […]
An Investment Lesson From Tennis Legend Roger Federer
Congrats to Roger Federer on his 8th career Wimbledon title and 18th Grand Slam title! The man is simply the best player to ever play the game. At 35 years old, he is aging like fine wine. I remember that there were rumors that he’d retire on top many years ago but he just keeps […]
Watch Uranium Energy Corp. (UEC) As Sector Leader Among Uranium Stocks
Yesterday, we said that we identified uranium mining stocks as our number #2 top play for this summer. In this article we showed the URA ETF with a beautiful bottoming pattern. Admittedly, we got concerned once URA broke below $15 two months ago. However, in the meantime, something happened which we did not see coming, and we will explain in […]
Toronto Home Prices Sink Most On Record: Did The Bubble Just Burst?
The three-month average home price in the Toronto area is down a record 14.2% following a flood of new listings and an interest rate hike by the Bank of Canada. Sales fell most in eight years. Did Canada’s housing bubble just burst? Bloomberg reports Chill Descends on Toronto Housing as Prices Drop Most Since 1988. Total […]
E Exeria: Interview With Krystian Juchacz, The Project Manager
We had the opportunity to interview Krystian Juchacz, the Project Manager of Exeria. He launched the Exeria Project in 2015, with a mission to help people with busy lives invest effectively and efficiently. Exeria is a service in which an investor can choose an automated trading system that buys and sells selected financial instruments at […]
Russia Collusion Story: A Big “Nothing Burger” Or A Case For Gold?
Gold got a boost Friday on weaker-than-expected inflation and retail sales figures, casting doubt on the Federal Reserve’s ability to continue normalizing interest rates this year. Consumer prices rose slightly in June, at their slowest pace so far this year. The consumer price index (CPI), released on Friday, showed the cost of living in America […]
Empire Fed Joining Recent Economic Data Downhill Slide
Today’s Empire Manufacturing report came in (are you ready for this?) below expectations. Shocker, right? This has been the accelerating norm of late, yet we keep hearing some in the mainstream financial media claiming the economy is strengthening. Go figure. Expectations were for the index at 15 but it came in at 9.8, with expectations for […]
