S&P 500 Tops 2600 For First Time As VIX Crashes To 9 Handle
Equity investors, corporate boards, and momo machines are panic-buying stocks this morning, sending the S&P 500 above 2600 for the first time ever… as the yield curve crashes to decade flats… VIX down, Stocks Up… While USD/JPY momo is helping, stocks are quite decoupled… And so are bonds…
Impact Silver – Where Are Your Stockpiles?
After the decent year 2016, this year Impact Silver performs quite poorly. Look at the chart below: source: Simple Digressions Although the production level was generally stable, costs of production were a bit higher this year. As a result, cash flow from operations (excluding working capital issues) was negative in 3Q 2017: source: Simple Digressions […]
Tactics For The Gold Bull Era
Gold surged higher on Friday. Then it gave all the gains back yesterday. Looking beyond this short-term noise, gold is not an exciting market right now. What could make that change? Gold is trading in a rough sideways trend with an upside bias. This bias continues to strengthen, albeit very slowly. The technical action reflects the fundamentals […]
Existing-Home Sales Grew 2% In October
This morning’s release of the October Existing-Home Sales increased from the previous month to a seasonally adjusted annual rate of 5.48 million units. The Investing.com consensus was for 5.42 million. The latest number represents a 2.0% increase from the previous month and a 0.9% decrease year-over-year. Here is an excerpt from today’s report from the National Association […]
Existing Home Sales Drop Year-Over-Year For 2nd Straight Month – First Time Since 2014
Following September’s positive housing data rebound, October data is starting well with existing home sales surging 2.0% MoM (better than expected 0.2%) to 5.48mm SAAR, as the US existing home sales inventory tumbled 10.4% YoY, to 1.8 months, the lowest since 1999. Sales of previously owned U.S. homes rose to a four-month high, indicating demand was firming […]
How To Spot A Ponzi Scheme Instantly And Avoid Becoming A Victim
You’ve heard the stories of Bernie Madoff and how his victims lost all of the wealth they worked so hard to accumulate. You wonder how people could fall for his Ponzi scheme. But the sad truth is that it is very easy to fall prey to a Ponzi scheme. The reason for this is because of greed. […]
German Failed Coalition And Gold
On Sunday night, Angela Merkel failed to build a coalition government. What does it mean for the gold market? It turns out that the Free Democrats surprisingly pulled out of negotiations about forming a new government in Germany. The free-market party cited irreconcilable differences between them and its potential partners. The parties could not overcome […]
Dollar Tree (DLTR) Stock Jumps On Q3 Earnings Beat, View Up
Dollar Tree Inc. (DLTR – Free Report) posted third-quarter fiscal 2017 results, wherein both the earnings and sales topped estimates and improved year over year. Further, management raised outlook for fiscal 2017 and provided a solid view for the fiscal fourth quarter. The company’s shares are up about 2.4% in the pre-market trading session following the better-than-expected results. […]
Deutsche Bank Cuts Target On Sell-Rated GE To Street-Low $15
Deutsche Bank analyst John Inch believes General Electric should trade at a valuation discount given its “still aggressive” accounting, cash flow and debt pressures, and the potential for additional lawsuits. The analyst remains surprised by management’s “upbeat tone/pitch.” GE continues to call 2018 a “reset” and “trough” year even though billions of dollars of cost […]
U.S. Dollar Begins Test Of Key Resistance Zone As Bulls Remain Bashful
We’ve been following the setups on both sides of EUR/USD of late, and a very similar type of stance can be taken on DXY as a representation of the U.S. Dollar. The Dollar started a rather aggressive top-side run in 2014 that eventually set a fresh 14-year high in January of this year. But after that high was […]
