Gold Extends Gains As Dollar Slumps
Gold prices rose for a third consecutive session on Tuesday, hitting the highest level since July 3, as the dollar came under fresh pressure after Republican lawmakers abandoned their effort to replace Obama’s Affordable Care Act. XAU/USD traded as high as $1244.50 an ounce after breaching the resistance at $1239 provided extra momentum as expected. […]
Amazon & Whole Foods: Details Behind The Deal
This week we go over the valuation of the Whole Foods & Amazon deal to see if it was a smart, Rule #1 purchase. We will define basic investing terms and cover some hard to understand topics like earnings versus free cash flow. In Episode 119 You’ll Learn: Charlie Munger’s 4 Steps to Choosing a […]
5 Of The Best Earnings Charts This Week
(Video length 00:03:30) Earnings season has started off with a bang this quarter. This week is key because there will be a big cross section of names reporting earnings from many different sectors including the railroads, big industrials, technology, and regional banks. We should get a good look at the US and global economy through […]
Will Draghi Drag The Euro Back Down? Preview
The European Central Bank convenes to make its mid-summer decision and they probably planned not to rock the boat too much. However, given the recent rise in the euro and also in bond yields, they might want to cool tapering expectations back down. In the past, Draghi managed to drag the euro down. Will he […]
Market Forecast: OPEX Week July 2017
I have SPX falling to 2444/45 Wednesday and GDX down to near 21.90/.93. By Friday SPX should be tagging 2479 +/- and GDX to near 22.99/23.00. Past cycles and VOL cycle suggest an up open tomorrow that will be sold. By 11:00 EDT we should see a sell-off to 2444/45 SPX. Wisdom dictates late day […]
Indian Indices Continue Momentum; Telecom Sector Gains
After opening the day on a positive note, stock markets in India have continued their momentum. Sectoral indices are trading on a positive note with stocks in the telecom sector and realty sector witnessing maximum buying interest. The BSE Sensex is trading up 162 points (up 0.5%) and the NSE Nifty is trading up 48 points (up 0.5%). The BSE Mid Cap index is trading up by […]
Market’s Rock Goddesses And Mere Mortals
A list called “The Top Tens” voted for the “Best Female Rock Singers of All Time.” In no way meant as a personal endorsement, their number one pick is Amy Lee of Evanescence. I chose her to headline today’s Daily. Why? If we consider her a rock goddess, then her song, My Immortal speaks to her sadness […]
EUR/USD: Overbought After 1.15 Break; What’s The Trade? – Danske
EUR/USD made a big break and is already eyeing 1.16. Has it gone too far? Here is the view from Danske: Here is their view, courtesy of eFXnews: Danske Bank FX Strategy Research notes that EUR/USD has entered into an overbought territory after breaking above 1.15 overnight, driven by general USD weakness after Republican Senate majority leader […]
Death By A Thousand Cuts
Podcast: Play in new window | Play in new window (Duration: 13:15 — 7.6MB) DOW – 54 = 21,574 SPX + 1 = 2460 (record) NAS + 29 = 6344 (record) RUT – 3 = 1427 10 Y – .05 = 2.26% OIL + .30 = 46.32 GOLD + 8.30 = 1243.00 BITCOIN + 0.45% = 2338.41 USD ETHEREUM […]
The ‘Mystery’ Of The Missing Inflation Solved In 1 Chart
DM central bankers are looking for inflation. But no matter how hard they try, they can’t find any. And that right there is throwing a monkey wrench in the whole “it’s time to roll back crisis-era policies” narrative. Of course we all know that’s absurd. There’s plenty of inflation and indeed it’s showing up in […]
