Is This The Long-Awaited Gold Breakout – Or Just Another Paper Market Head Fake?
That was fun. Since mid-December gold has behaved like a tech stock, jumping from $1,240/oz to $1,337 and carrying a long list of gold mining stocks along for the ride. Now everybody’s asking the same question: Is this finally the start of the long-overdue run at gold’s (and silver’s) 2011 record high, or just a […]
GBP: Upcoming Inflation Data May Dent Bullish Uptrend
Sterling/GBP Talking Points: UK inflation data may derail the current Sterling rally in the short-term. GBP rally continues against the weak US dollar but the EUR remains the strongest currency. Fundamental Forecast for GBP: Bullish We remain buyers of GBP going into the third week of January but caution that the current move may hit resistance if UK inflation remains […]
EC JPMorgan’s Positive Kickoff To Bank Earnings
JPMorgan (JPM – Free Report) is not only biggest player in the banking industry, but it also has a well-earned reputation of being properly run. Wells Fargo (WFC – Free Report) had that kind of shining reputation some time back, but that is a thing of the past, at least at this stage. JPMorgan’s reasonably good quarterly results reconfirm its leadership position […]
Bond Bears Still Wrong After All These Years
Last week, we discussed we discussed the massive 3-standard deviation above the 50-MONTH moving average which is something rarely seen through history. “That extension, combined with extreme overbought conditions multiple levels, has historically not been met with the most optimistic of outcomes. Importantly, such extensions have NEVER been resolved by a market that moved sideways. But, ‘exuberance’ of this type is […]
Week In Review: Hua Medicine To Raise $200 Million Through Fundings And IPO For Oral Diabetes Drug
Hua Medicine of Shanghai expects to spend $200 million over the next three years on its novel oral diabetes 2 treatment, dorzagliatin (see story). The company will raise additional capital for the effort and then IPO, possibly in Hong Kong or the US. The funds will underwrite Phase III development of its GKA product and commercialization. Ultimately, Hua hopes […]
A Balancing Oil Market But Will It Last?
In May 2011 crude oil (WTI) hit $113 per barrel and remained elevated at or near that level until the summer of 2014. Given the high price of crude and the expansion of fracking at that time, crude supply continued to grow until peaking in mid 2017. I wrote about the high crude supply level […]
In Amazon’s Quest For Global Domination, India Is A Success, China Not
Jeff Bezos’s message to Amazon executives has been clear: Do whatever it takes and don’t worry about the cost. The Seattle-based giant has invested billions of dollars to woo consumers in India, China and other countries in Asia and Europe. The Wall Street Journal has an interesting video on that aspect in its article Inside Amazon’s […]
Economic Data And Forecasts For The Weeks Of Jan. 15 And Jan. 22
Here are my forecasts for upcoming economic data. Forecast Prior Observation Consensus Week of January 15 January 16 NY Fed Manufacturing Index – January 19 18 18 January 17 Industrial Production – […]
E SPX Goes Parabolic While VIX Consolidates
VIX consolidated for a sixth week beneath Long-term resistance while making a double right shoulder to match the double left shoulder of a potential Head & Shoulders formation. It closed above Intermediate-term support at 10.02 but it may take a break of Long-term resistance at 10.93 to generate a buy signal. A breakout above the […]
We Welcome This New Market Trend: Both Interest And Economic Sensitive Markets Are Bullish
The biggest profits for investors are made once they get in a new bull market in its early stage. The challenge, in doing so, is that investors can be too early so that they either have to wait too long for the bull run to start (in which case many investors lose their patience) or […]
